Recently, the U.S. stock market has seen investors caught in a dilemma, as the fear of missing out (FOMO) mentality coexists with concerns over high valuations, leading to frequent adjustments in trading strategies. Market fluctuations may increase, adding complexity to the risk assessment of global asset allocation.

Recent data shows that the three-month moving average of core inflation in the U.S. has dropped to 1.6%, which is significant for the Fed's policy path. Trump is inclined to choose a Fed chair who relies more on data, which may affect liquidity in the crypto market and redefine market rhythm.

ETH has performed well in the recent 4-hour Candlestick, with a significant rise in price breaking through previous highs, and an increase in volume indicating a vibrant market. On the technical indicators, the MACD long positions have weakened, KDJ is neutral, and there is a short-term bullish bias, but it faces the risk of volume-price divergence. Investors are advised to operate cautiously and follow the set stop loss.

The NIGHT Token has risen 24% in the past 24 hours, with a trading volume reaching $5.03 billion, but the overall privacy token market has fallen. Its rise is driven by Airdrop incentives and ecological development, but market sentiment is not optimistic, with negative funding rates indicating an advantage for short positions. The number of holders has decreased to 6,200, with severe concentration risk, as 10 wallets control 94.13% of the tokens, and investors should be cautious.

[Coin World] Ethereum's price hovers around the $2,977 mark, with intense battles between bulls and bears. Market observers have noticed several interesting signals: large amounts of funds are frequently flowing between staking wallets of a leading exchange, which often indicates a change in institutional sentiment; on the technical front, developers are repeatedly testing key support levels in preparation for potential fluctuations; even more concerning, liquidation orders are accumulating above $3,000, forming a "risk hanging sword." Once the price breaks through this barrier, a chain reaction may follow. Analysts are holding their breath, waiting to see if this time it can break through or fall back again.

Recently, Bitcoin has experienced a significant fall, and the underlying drivers are quite complex. On one hand, there is a chain reaction triggered by liquidation; on the other hand, the momentum from the advancement of encryption policies has cooled, and the buying effect from enterprises is also weakening. Additionally, the increase in global policy uncertainties has suppressed market risk appetite.
Looking at the situation in the US stock market, the AI sector is performing poorly, and the employment data is not that impressive, showing overall weakness. However, the inflation data is improving, and the performance of semiconductor companies is also good, which has alleviated the decline to some extent.
Interestingly, in this risk atmosphere, gold has actually strengthened. With rising demand for safe-haven assets and the global asset allocation trend driving funds in, gold prices continue to rise and are nearing historical highs.
It is worth noting that MicroStrategy's stock price has performed moderately during this period. Although they continue to increase their holdings of Bitcoin, the practice of purchasing through equity financing has raised market concerns about

The U.S. Congress is pushing for a new framework for encryption policy, proposing to exempt capital gains tax on stablecoin transactions below $200 to protect users and increase regulatory transparency. Banking groups have expressed dissatisfaction with stablecoin yields, triggering strong support for the new proposal from the encryption industry.

A trader performed outstandingly in Futures Trading, with 16 wins out of 17 trades in December, holding 30,000 ETH, worth approximately $89.33 million. Currently, the profits are substantial, but the risks of Futures Trading still need to be heeded.

U.S. Senator Cynthia Lummis announced that she will not seek re-election, which has caused regret in the encryption community. She vigorously promoted several important bills in Congress, such as the Bitcoin Strategic Reserve Act, making a significant contribution to the development of the encryption industry. The community's gratitude and support for her is accompanied by concerns about the future direction of development.

Recently, a mysterious Wallet has been frequently withdrawing large amounts of LINK, totaling 445,775 coins, with a total value of approximately 5.57 million USD. This indicates that the holder is gradually accumulating LINK, sending a positive signal to the market, and the Whale behavior provides important reference for participants.

Recently, black market actors have been spreading "high yield" information through social platforms to lure users into purchasing fake digital wallets, thus committing fraud and Money Laundering. To protect themselves, users should treat digital wallets as physical cash, handle personal information with caution, and resist the temptation of "quick riches."

Arthur Hayes, co-founder of BitMEX, pointed out in a podcast that alt season has always existed, and many people have not noticed it. He emphasized that traders should adjust their strategies and follow new market trends rather than relying on past experiences. He illustrated the opportunities in the new cycle, such as the significant rise of Hyperliquid and Solana.

U.S. House Representatives are drafting the Digital Asset Equality Act, which includes tax exemptions for stablecoin transactions under $200 and a five-year tax deferral option for staking and mining rewards. This bill reflects lawmakers' gradual shift in attitude toward the crypto market, sending a positive signal to the industry.

【Blockchain Rhythm】The Ethereum Foundation has just announced an important adjustment—by 2026, the focus will shift from pursuing scalability speed to strengthening security protections. Specifically, they have set a hard requirement: all zkEVM solutions must achieve 128-bit cryptographic security strength.
Sounds a bit strict? Indeed. Over the past year, zkEVM has made good progress in performance optimization, but issues have also emerged—some technical solutions are actually based on mathematical assumptions that have not been fully verified. Theoretically, this leaves potential risks of on-chain state tampering.
Therefore, the foundation has decided to hit the brakes. Future efforts will focus on formal verification, attack resistance upgrades, and cryptographic security reinforcement. The foundation will also provide dedicated security review and assessment tools to help projects align with these new standards.
This adjustment will undoubtedly impact the progress of some scalability projects, and speed will inevitably be affected. But the foundation

【BiTu】Ethereum's current 8-hour average funding rate across the entire network is 0.0016%. Interestingly, the rates vary significantly across different platforms. According to Coinglass data, a leading exchange reports 0.0018%, another top exchange reports 0.0017%, while a certain exchange shows a negative rate of -0.0049%. This divergence reflects market expectations for Ethereum's future—some are bearish, others are neutral. The fluctuations in funding rates can also indirectly reveal the true position tendencies of large traders.

In the past day, large-scale concentrated staking operations appeared on the TON chain, with 13 transfers totaling nearly 14 million TON tokens, worth approximately $21 million, all originating from multiple anonymous wallets. This highly coordinated transfer pattern may suggest unified actions by major institutions or large holders, warranting attention to the underlying reasons.

A major DEX governance proposal has attracted attention, planning to burn 100 million governance tokens and activate protocol fees, aiming to link the token's value with the protocol's revenue. The governance token price fluctuates around $5.60, reflecting market expectations on whether the reform can change the fundamental logic. Investors are assessing the long-term impact of the reform.

MemeStrateg successfully raised HKD 84.07 million on the Hong Kong Stock Exchange, with plans to invest in blockchain and real-world assets. Meanwhile, the company increased its holdings by 2,440 SOL, demonstrating strong confidence in the SOL ecosystem, which is worth market attention.

The MSCI index will decide whether to remove Strategy in mid-January next year, and this change could trigger follow-up pressure from other major global indices. J.P. Morgan and TD Cowen analysts stated that multiple indices have responded differently, and global financial institutions are very sensitive to market trends. Once MSCI takes action, other indices may follow quickly.