Zcash (ZEC) performed strongly in the December market, with the price soaring 13% in a single day to approximately $460, significantly outperforming the recent sideways-moving cryptocurrency market. Along with the price increase, Zcash's 24-hour trading volume expanded accordingly, and its market capitalization also showed a noticeable growth, indicating an accelerated influx of funds into privacy sector assets. The core driver of this rise is the anticipation of a network upgrade. Zcash developers and Shielded Labs announced a dynamic fee market proposal, planning to upgrade the current static fee structure to a more flexible dynamic mechanism. According to the announcement, the new system will automatically adjust fees based on network congestion to reduce transaction costs and improve confirmation efficiency during high activity periods. This upgrade is seen by the market as a key step to improve user experience and enhance scalability, thereby boosting investor confidence.

a16z's latest annual cryptocurrency forecast report indicates that by 2026, blockchain, artificial intelligence agents, and the global payment system will undergo profound transformations. The report focuses on three key trends: the rise of AI agents, the integration of payments into the underlying network, and the full advent of the privacy blockchain era. These changes will reshape the financial infrastructure of the internet. Firstly, a16z believes the most disruptive force will come from the explosive growth of autonomous AI agents. In future financial markets, the number of AI agents will far exceed human participants, but currently they still lack authentication, permissions, and compliance frameworks. a16z predicts that by 2026, the first "KYA (Know Your Agent)" standard will emerge, binding identities, responsibilities, and rules to agents, enabling them to conduct secure on-chain transactions and truly become market participants with programmable economic behaviors.

PANews December 12 News, Fidelity Global Macro Director Jurrien Timmer posted on X platform that after excessive speculation in the crypto market has subsided and market sentiment has improved, Bitcoin's official closing in 2025 is actually quite good under the background of Federal Reserve easing policies and calm bond and foreign exchange markets. Previously, Bitcoin treasury companies provided "returns" by issuing stocks to buy Bitcoin, which may now become a resistance to Bitcoin's rise and also raise questions about whether another four-year cycle has already ended. However, observing the curve structure of Bitcoin's mature network shows that since 2010, Bitcoin has experienced five bullish waves, each smaller in magnitude than the previous one, but with increasingly longer durations. From the performance in the recent bull market (which began around $16,000 in 2022), it can be seen that Bitcoin has become very mature. According to Ju

On Thursday, the US stock market retreated, with Oracle's stock price plunging over 11%, marking the largest drop in nearly a year. The market is once again worried that the rapid growth of artificial intelligence (AI)-related capital expenditures, which far exceeds actual returns, could put pressure on the balance sheets of tech giants. In contrast, the cryptocurrency market performed relatively stably, forming a mild decoupling from the weak performance of tech stocks. Data shows that Bitcoin (BTC) has rebounded above $92,000, maintaining a slight upward trend after holding onto key support levels, rising approximately 2.6% for the day. Traders are more focused on the maintenance of trend structure, with capital flowing into large-cap assets and risk appetite remaining cautious. Ethereum (ETH) also rose to around $3,260, while SOL increased by over 6%, outperforming mainstream assets and indicating a market recovery in demand for high-volatility Layer-1 tokens.

BlockBeats News, December 11 — Ethereum treasury company BitMine Chairman Tom Lee stated in the latest podcast Altcoin Daily that the current price of Ethereum reflects not what happened today, but the future. So don’t expect it to rise every day; you need to bet on the "super cycle." Tom Lee believes that the biggest misconception is: even if you discount the future EQM to $5,000 or even $3,000, the end price of Ethereum ten years from now could still be $100,000. "This small difference today is just a tiny fluctuation in the discount rate." But everyone wants instant gratification — press the buy button and make money the next day; if it doesn’t rise, "this coin is a scam." They think they can press the button 1,000 times and win 1,005 times, but in reality, no one can do that.

Terra's LUNA token experienced a rare explosive surge this week, rising over 250% in the past ten days, clearly outperforming the overall cryptocurrency market. Key factors driving this rally include the implementation of network upgrades, the countdown to the legal trial of Terraform Labs co-founder Do Kwon, and cyclical rebounds caused by technical structures. The rally was first triggered by the Terra v2.18 network upgrade on December 7. This update mainly improved node performance, fixed memory vulnerabilities, and addressed intermittent reliability issues that had plagued the network for months. As technical improvements boosted market sentiment, external events further intensified volatility. Do Kwon is scheduled to be sentenced on December 11, 2025, at the Manhattan Federal Court. He has previously admitted to fraud charges related to the 2022 TerraUSD collapse. The incident caused approximately $40 billion in market capitalization to evaporate. Prosecutors seek a 12-year prison sentence, while the defense advocates for a lighter sentence. This legal milestone has become a major focus for short-term traders. As the verdict approaches, market speculative sentiment has significantly heated up, causing LUNA trading volume and price to rise in tandem.

Ethereum (ETH) continues to rise driven by whale accumulation, the flow back of spot ETF funds, and an improvement in market risk appetite. The market is now focusing on whether the end-of-year rally can break through the $4,000 resistance level. As the Federal Reserve policy decision approaches, traders are closely watching macroeconomic conditions and on-chain indicators to assess whether the rally can continue. Recent market data shows that before the FOMC meeting, overall sentiment in the crypto market has improved, with Ethereum outperforming Bitcoin and other mainstream cryptocurrencies. Analysts point out that the price increase is mainly driven by large investors and institutional buying. US spot Ethereum ETFs have seen a rebound in capital inflows this week, reflecting growing institutional interest.

The market popularity of XRP spot ETFs continues to rise, with the latest data showing that the inflow has approached $1 billion, far surpassing other mainstream cryptocurrency asset ETFs. According to SoSoValue data, since Canary Capital launched its first XRP ETF in November last year, the related products have attracted a total of $954 million in inflows, more than three times the Solana ETF ($293 million) during the same period. Meanwhile, other cryptocurrency asset ETFs are experiencing outflows. DefiLlama data shows that Bitcoin ETFs have recently seen $2.5 billion in redemptions, and Ethereum ETFs have also seen $471 million outflows. This contrast highlights the XRP ETF's contrarian ability to attract funds.

Bitcoin briefly broke through $94,500 amid a significant boost from the Federal Reserve, but the subsequent market correction quickly reversed the gains. On Wednesday evening, the Federal Reserve announced a new bond purchase plan and drastically cut interest rates, triggering a widespread rise in risk assets, with Bitcoin moving upward in sync. However, due to pressure on tech stocks, Oracle's sharp decline drove the Nasdaq 100 index to an eight-day low, and Bitcoin also retreated to around $90,000. Current market sentiment is at a critical testing stage. Data shows that the total market capitalization of cryptocurrencies has experienced volatility over the past three weeks, shifting from a moderate upward trend to sideways movement, and has retraced to the $3.08 trillion range. If Bitcoin falls below $88,000, it will end its short-term upward trend since November 21 and could trigger even stronger bearish sentiment.

Zcash (ZEC) is trying to recover lost ground after the November plunge. After experiencing a significant decline of over 55%, ZEC has recently rebounded by approximately 40%, and market sentiment has recovered, but the full recovery still faces multiple uncertainties. In terms of technical indicators, the RSI has broken above the 50 neutral range for the first time in two weeks, indicating increased buying power and a short-term bullish bias is forming. In general, the RSI's return to positive range is often seen as an early signal of a trend reversal, but this does not mean that ZEC has established itself in an upward trend. The macro market remains highly sensitive to risk assets, and the slightest movement could weaken ZEC's new vitality, so sustained buying is key to short-term gains.

HumidiFi (WET) has become the brightest token in the crypto market today, with its price skyrocketing by more than 100% in the past 24 hours, attracting great attention from the community. The project is based on Solana, and the token quickly rose to the top of the CoinGecko hot list after its listing, with a 24-hour increase of 104.5% and is now trading at $0.25, with a market capitalization of more than $50 million, a daily trading volume of more than $150 million, and about 80% of trader sentiment is bullish. HumidiFi is an important decentralized trading protocol in the Solana ecosystem, known as the largest spot DEX market maker on Solana, with a daily trading volume of over $1 billion, accounting for 35% of Solana's overall spot DEX trading volume. Its native token, WAIT, is the first project to launch through the Jupiter Decentralized Token Offering (DTF) platform.

Solana (SOL) price is approaching the key resistance level of $140, and several on-chain and derivatives indicators suggest that it may be in a "deep cycle reset" phase, signaling a potential strong rally. On December 10, SOL was trading at $138, up 5% in 24 hours, but still down 17% over the past month. Over the past week, the price has traded sideways between $128 and $145, but it has been accompanied by a significant increase in volume. Yesterday's trading volume reached $6.97 billion, a year-on-year increase of 34%, indicating a rise in interest in the spot and futures markets. According to CoinGlass data, Solana derivatives volume increased by 23% to $18 billion, and open interest (OI) rose to $7.25 billion. An increase in OI during a sideways price movement usually means that traders are accumulating positions to lay out in advance for potential trend reversals.

According to BlockBeats news, on December 10th, crypto market analysis agency Santiment published an article stating that Bitcoin rebounded today and once returned to the $94,600 mark, which reignited the enthusiasm of traders, causing them to follow the trend and buy in anticipation of further price increases due to fear of shorting. According to data scraped from social media such as X, Reddit, Telegram, and others, calls for "bullishness" and "breakout above" have seen explosive growth. Santiment Sentiment Indicator Analysis: · A high blue histogram represents a general call for "bearish" or "below the market" and usually reflects retail panic (FUD) – when prices tend to rise due to retail selling. A high red histogram represents a general call for "bullish" or "breakout above" in the market, usually reflecting retail investors' fear of shorting (FOMO) -

Matrixport released a report stating that Bitcoin's implied volatility continues to decline, and the likelihood of an upside breakout at the end of the year has decreased. Volatility is expected to continue to decline after the FOMC meeting, and the market may return to range-bound with a lack of new ETF inflows to drive momentum.

According to BlockBeats news on December 10th, according to Decrypt, Bitcoin's rise on Tuesday led to a general rise in mainstream altcoins, but Solana's fundamentals remain unstable against the backdrop of declining liquidity and increased market uncertainty. On-chain analytics platform Glassnode said Solana's 30-day average realized P&L ratio has been below 1 since mid-November. When the ratio is below 1, it means that the realized loss in the market exceeds the realized profit, indicating that liquidity has shrunk to near bear market levels. On-chain analytics platform Altcoin Vector said, "Solana is in a full-fledged liquidity reset phase, a signal that has often signaled the start of a new liquidity cycle in the past and has caused prices to bottom out in the past. If this trend repeats the pattern of April

ZCash (ZEC) exploded strongly after its launch on an exchange on December 3, rising 30.8% in a short period of time, rising from $312.8 to $409.2, successfully breaking through the psychological mark of $400. The market generally believes that this wave of rise is driven by "synergy", but for traders, the profit margins from volatility are the key. According to the latest analysis, $360 is seen as a significant support level, which has now been successfully held, setting the stage for further gains. With $400 breached, ZEC's next key target is $480, and the technical structure is gradually moving in this direction.

In the past 24 hours, open interest on Perp DEX platforms has increased, but TVL has declined, indicating capital outflows. Market speculation and risk appetite have risen, with trading volume and open interest data changing across platforms.

Aster (ASTER) has been under continuous pressure since its launch, dropping about 70% from its high of $1.50. Technically, ASTER formed a clear inverted V-shaped top structure near $1.40, with a rapid pullback following a sharp rise, trapping buyers. The price has consistently remained below the 20-day, 50-day, and 200-day moving averages, confirming the continuation of the downtrend. According to the V-shaped top measurement method, ASTER’s neckline is in the $1.04 to $1.05 range. If this support fails, the price could further drop to $0.82, corresponding to the 1.0 Fibonacci extension level. Despite the weak trend, 68% of traders in major CEX perpetual contract markets are still attempting to bottom-fish and go long. However, in the ongoing downtrend, longs are continuously being liquidated. The cumulative net long positions are steadily decreasing, while net short positions remain largely unchanged. This indicates that the current decline is not driven by shorts, but rather by longs being forced to close their positions under pressure, further pushing the price slowly lower.

Zcash (ZEC) has defied the overall market downturn, surging nearly 14% in the past 24 hours. The core driver behind this rise is a new dynamic fee model proposal from the development team, aimed at improving network efficiency, alleviating congestion, and protecting user privacy and cost experience. The proposal, put forward by Shielded Labs, suggests abandoning the long-standing fixed fee mechanism in favor of a dynamic structure based on the median transaction. The current fixed fee is 1,000 zatoshi, but during periods of high demand, this has led to abnormal fees, network congestion, and overloaded shielded wallets. The new model would calculate fees based on typical transaction activity over the past 50 blocks and use “synthetic comparable objects” to simulate a stable load, making fees more predictable and more effective at resisting spam attacks.

Today's December FOMC meeting has become the focus of global markets, with investors closely tracking the Federal Reserve's interest rate decision and economic forecasts to assess the direction of monetary policy in 2026 and evaluate its potential impact on crypto assets such as Bitcoin and Ethereum. Market predictions put the probability of a 25 basis point rate cut at as high as 80% to 92%. If realized, the federal funds rate range will drop to 3.50% to 3.75%, marking the third rate cut this year. The likelihood of a pause or unexpected rate hike is extremely low, but any deviation from expectations in the decision could still trigger significant market volatility.

BlockBeats News, December 9, according to HyperInsight monitoring, in the past 15 hours, due to the continuous rise of ZEC, the "largest ZEC short position on Hyperliquid" has once again fallen into unrealized losses. The address partially closed ZEC short positions worth about $1.24 million, with the current position size at about $25.7 million, liquidation price at $886, and an unrealized loss of $1.4 million (-27%). According to monitoring, since December 5, the address has continued to increase ZEC short positions by over $11 million, with the average price dropping from $412 to $387. In addition, there have also been large increases in ZEC and MON short positions this month, with the average price lowered. Currently, the main profits come from

Expectations are rising that Japan may conduct large-scale sell-offs of U.S. Treasuries, and this potential shock is spreading from traditional financial markets to the crypto industry, especially Tether (USDT), which is deeply tied to U.S. Treasuries. Japan currently holds $1.189 trillion in U.S. Treasuries, making it the largest foreign holder globally, but as Japanese government bond yields hit multi-year highs, the attractiveness of holding U.S. Treasuries is declining. Analysis indicates that the U.S.-Japan yield spread has narrowed from 3.5% to 2.4% within six months. If it drops to around 2%, it will significantly boost the incentive for capital to flow back to Japan, potentially prompting Japanese institutions to sell as much as $500 billion in U.S. Treasuries. The broader yen carry trade amounts to $1.2 trillion; if interest rates rise and the yen strengthens, this structure could quickly unravel, triggering a chain of global asset liquidations.

The latest annual report from South Korea's Korbit Research Center predicts that Bitcoin will reach the $140,000 to $170,000 range in 2026. It highlights that the core drivers behind the price increase are US fiscal reforms, structural institutional demand, and a strong US dollar environment, rather than the traditional four-year halving cycle. The research team proposes a new macro-driven theory, emphasizing that improvements in US productivity and an expansion in capital expenditure have significantly enhanced Bitcoin’s impact. The report identifies “a strengthening US dollar, a potential gold pullback, and increased institutional allocation to Bitcoin” as the three key driving factors. ETFs and Digital Asset Treasuries (DATs) are rapidly absorbing market liquidity, and as of November 2025, the two combined will hold 11.7% of Bitcoin’s supply. The “One Big Bill” (OB3), expected to take effect in July 2025, will restore 100% bonus depreciation and immediate deduction of R&D expenses, potentially lowering the effective corporate tax rate to 10%-12%. Korbit believes this will attract overseas capital to the US and sustain the US dollar’s long-term strength.

Bitcoin edged up slightly on Monday, as the market generally expects the Federal Reserve to cut interest rates by another 25 basis points this week, adjusting the target rate to a range of 3.5%-3.75%. However, contrary to the traditional logic that "rate cuts are bullish for risk assets and suppress bond yields," US Treasury yields have continued to rise, making market sentiment more cautious. Typically, rate cuts signal increased liquidity, and cheaper capital boosts investment and loan demand, supporting the prices of high-risk assets like Bitcoin while lowering short-term interest rates and yields. Data shows that Bitcoin rose over 1.5% on the day, hovering around $91,800, and has rebounded from the $80,000 region over the past three weeks, forming higher lows and highs.

Analysts predict that this week’s Federal Reserve meeting could become a key catalyst for a new round of Bitcoin gains. After Bitcoin broke above $92,000 on Monday, London Crypto Club analysts David Brickell and Chris Mills noted in a report that the Fed may inject more liquidity into the banking system on Wednesday, thereby boosting risk assets, including Bitcoin. The two analysts predict that the Fed will adopt a more dovish policy stance and expand its balance sheet through an implicit bond-buying program. They believe that, with interest rate cuts combined with liquidity expansion, “the money printer is restarting,” which will provide a strong structural boost for Bitcoin. They expect that in this policy environment, Bitcoin prices are likely to “rise significantly,” breaking out of the current range and heading for higher levels.

PANews, December 8—Alan Howard's hedge fund Brevan Howard currently has 150 employees in Abu Dhabi and is committed to staying there for the long term. It is currently the largest institution operating in Abu Dhabi. He stated that the Gulf city is rapidly rising and is expected to stand alongside Western financial centers such as London and New York, becoming a global financial hub. "A few years ago, I thought it would become the 'third pole' alongside New York and London. Now, I think it is fully heading in that direction." He explained that as more asset management companies and banks move in, trading volumes across various asset classes continue to rise, which creates a flywheel effect: for every fund manager working here, three to four professionals from service providers are also brought in. Nevertheless, much of the infrastructure and core talent supporting the hedge fund industry still remains concentrated in traditional centers. However, Howard

Ripple's stablecoin RLUSD recently saw its market cap on Ethereum rise to around $1.1 billion, making it one of the fastest-growing cross-chain stablecoins. This breakthrough has attracted widespread attention in the crypto industry, with analysts believing that multi-chain deployment has become one of Ripple’s most important strategic decisions this year. Analyst Wendy O pointed out that deploying RLUSD on both Ethereum and the XRP Ledger (XRPL) is Ripple’s “smartest move,” as the crypto industry is moving toward a comprehensive multi-chain ecosystem. She believes that more and more projects will follow RLUSD’s approach to enhance the usability and cross-chain interoperability of their own assets.

As major cryptocurrencies rebound, trading activity of meme coins across various networks has picked up. Within the Solana ecosystem, the meme coin Franklin recorded a trading volume of over $20 million, with a market cap surpassing $13 million. Analysts note that PIPPIN is under strong bullish control, with trading volume reaching $20.9 million. In the BSC ecosystem, the meme coin DOYR's market cap once surged to $20 million. BlockBeats reminds investors to exercise caution in the face of price volatility.

Chinese crypto analyst Ban Muxia pointed out that the Federal Reserve will restore liquidity by cutting interest rates and resuming balance sheet expansion in December, and a broad-based rally is expected this week and over the next month. He mentioned that the real large-scale liquidity injection will wait until May next year.

A research report by CICC points out that if Hassett becomes the new Federal Reserve Chair, it is expected to benefit US stocks, while US Treasury yields and the US dollar may experience a dip followed by a rebound. The key period is the first quarter of 2026, when Hassett's dovish statements may lead to a short-term decline in US Treasuries and the dollar, but overall economic recovery will support their rebound.

According to Jinse Finance, crypto analyst TXMC pointed out that despite the decline in Bitcoin prices, the liveliness metric continues to rise, indicating a bottom in spot demand and suggesting that the market bull cycle may not be over. This metric reflects the long-term trend of on-chain Bitcoin activity and shows an influx of new investment capital.

Analysts point out that the increase in Bitcoin activity indicators may suggest that the market cycle is not over. Despite the price decline, activity continues to rise, indicating a demand floor for spot Bitcoin and showing that market momentum remains positive.

Today, the US Personal Consumption Expenditures (PCE) inflation data will be officially released. The market expects the PCE and core PCE data for September to remain roughly unchanged from the previous month. The overall PCE inflation rate is expected to rise slightly to 2.8%. This data will directly influence the Federal Reserve’s decision on rate cuts and future economic forecasts, especially in the context of expiring cryptocurrency options, with Bitcoin and other cryptocurrency markets expected to experience volatility. Wall Street expects September PCE inflation to remain “sticky,” with core PCE growing 2.9% year-over-year. Market analysts believe that if this month’s data comes in below expectations, the likelihood of a Fed rate cut will increase. The Fed’s stance is especially critical; CME’s FedWatch tool shows that the market sees an 87% probability of a 25-basis-point rate cut in December, bringing the target rate down to the 3.50%-3.75% range.

In recent years, Chinese crypto investors have long relied on USDT and other USD stablecoins to hedge against market volatility, but recent currency movements have prompted them to reassess risk. Over the past six months, the offshore RMB/USD rate has climbed from 7.4 to 7.06, the highest level in a year, meaning investors holding USD stablecoins have seen their asset value quietly shrink when calculated in RMB. For example, if you exchanged RMB 100,000 for USDT in April, you would now only get about RMB 95,400 if you exchanged it back, a loss of about 4.6%—without touching any volatile crypto assets. A weakening dollar and a strengthening yuan have created double pressure. This year, the US dollar index has fallen nearly 10%, with weak US employment data and Federal Reserve rate-cut policies triggering large-scale unwinding of arbitrage trades. At the same time, a rebound in the Shanghai stock market has attracted foreign capital, further supporting the yuan’s appreciation. RMB settlements between companies are also on the rise, and increased financial hedging demand has pushed RMB demand beyond just speculation. According to Goldman Sachs research, for every 1% appreciation in the RMB, Chinese stock market returns increase by about 3%, creating a self-reinforcing cycle.

U.S. spot Bitcoin ETFs recorded a net outflow of $194.6 million on Thursday, marking the largest single-day outflow since November 20, intensifying short-term risk-off sentiment in the market. According to SoSoValue data, BlackRock's IBIT led the outflow list with a single-day outflow of $112.9 million; Fidelity's FBTC saw $54.2 million in outflows, while VanEck's HODL, Grayscale's GBTC, and Bitwise's BITB also continued their capital outflow trends. This outflow continued Wednesday's net outflow of $14.9 million, accompanied by a persistent decline in trading volume—total ETF turnover on Thursday fell to $3.1 billion, down significantly from $4.2 billion on Wednesday and $5.3 billion on Tuesday. This "weak volume and price" structure further reflects a rise in market wait-and-see sentiment.

Odaily Planet Daily reports that 21Shares co-founder Ophelia Snyder stated that the current market downturn is almost unrelated to "any cryptocurrency-specific factors," but it is unlikely that Bitcoin will rise again at the beginning of next year. Snyder said that the current drivers of low volatility are unlikely to dissipate completely in the short term, and whether the market at the beginning of next year can repeat the performance seen this year will heavily depend on broader market sentiment. She explained that January usually sees "new inflows" into Bitcoin ETFs as investors rebalance and adjust their portfolios at the start of the year. After climbing to the current high of $125,100 on October 5, Bitcoin entered a downtrend, following a $19 billion crypto market liquidation event on October 10. According to CoinMarketCap data,

This week, both Bitcoin and Ethereum saw significant rebounds, but XRP continued to fluctuate within a narrow range since mid-November. Despite an on-chain indicator—typically signaling a bullish trend—reaching a three-month high, the price has yet to break out. The key reason behind this lies in the divergence between long-term holder behavior and the overall on-chain structure. On-chain data shows that the number of spent tokens has dropped sharply over the past month, plunging 91% from 186.36 million XRP on November 15 to around 16.32 million currently, the lowest level in three months. The reduction of older supply means that market selling pressure has dropped significantly, which usually helps prices stabilize or even rebound. Therefore, the rise in dormancy to a three-month high should have been a positive sign.