【Crypto World】The Aave community has recently been in a bit of a turmoil over a proposal regarding brand asset ownership. Here's what happened: a proposal that was still under discussion was prematurely submitted to Snapshot for voting, which sparked quite a controversy.
Founder Stani Kulechov defended this move, stating that the discussion had already lasted five days and that the entire process was in accordance with the rules. However, this explanation did not quell the controversy. Former CTO Ernesto Boado and Aave Chan Initiative leader Marc

Partner Rob Hadick of Dragonfly Capital believes that Solana and Ethereum are not competitors but can jointly grow the market. With asset tokenization, multiple blockchains will each support specific application scenarios, forming a multi-chain parallel pattern to promote ecosystem prosperity. This competition is healthy and actually beneficial to the overall development of the market.

Recent on-chain data shows that centralized exchanges have a net outflow of 510.29 BTC, reflecting market participants' adjustments to their holdings. Major exchanges have experienced significant outflows, especially Kraken and Gemini. Meanwhile, a leading exchange has seen an inflow of 1,671.26 BTC, indicating that market resources are being reallocated, and institutional investors may be fine-tuning their strategies.

【Crypto World】Recently saw an interesting collaboration case—SBI Ripple Asia and Doppler Finance teaming up to shake up the XRP Ledger ecosystem.
What’s the core content? The products jointly promoted by the two include XRP yield options and on-chain tokenization solutions for real-world assets. Among these, SBI Digital

A leading exchange has pledged 100% asset transparency. Recently, USDT assets increased from 695 million to 1.765 billion, boosting user trust. The platform has publicly disclosed reserve proofs for 38 consecutive months, with core asset reserve rates maintained at 100%. As of November, it ranked first in market share growth, reflecting a trend of users voting with their feet.

JustLend DAO launches the Yield Strategy Competition, open to DeFi players worldwide, inviting submissions of stable income strategies. Participants should follow official updates and post their strategies using the "TRON ECO Holiday Odyssey" hashtag. The evaluation will consider strategy feasibility, creativity, expected returns, and community engagement. The total prize pool is 500 USDT, aiming to showcase the strength of the TRON DeFi ecosystem.

The Philippines' cryptocurrency market regulatory attitude has shifted. The National Telecommunications Commission has mandated restrictions on user access to 50 unauthorized trading platforms, marking a move from lenient regulation to enforcement, with exchanges required to obtain local licenses to operate.

Recently, Polymarket users experienced collective account thefts, stemming from a vulnerability in the third-party identity verification provider Magic Labs. Although Polymarket has confirmed and fixed the security issue, details about the number of affected users and stolen funds remain unclear, raising concerns among users.

【区块律动】知名交易员Arthur Hayes昨天做了个大动作——一口气存入682枚ETH到某头部交易所，按当时价格算下来价值差不多200万美元。这种级别的大额操作往往会引起市场关注，毕竟大玩家的动向往往能反映市场的一些微妙变化。ETH这边的资金流向确实值得留意。

HashKey Capital has completed the first round of financing for its fourth fund, raising $250 million, with a target Assets Under Management of $500 million. The investment primarily focuses on infrastructure construction, Blockchain scalability solutions, and large-scale applications, adopting a flexible investment strategy.

The Central Bank of Russia plans to loosen restrictions on encryption investments, allowing non-accredited investors to purchase up to 300,000 rubles of encryption assets per year through intermediaries. The US economy is accelerating, impacting market expectations. Meanwhile, Upexi seeks to raise $1 billion, despite a decline in stock price. US regulators are cracking down on encryption fraud and conducting Block Trading monitoring. The market is adjusting to overvalued projects, with Options expiration and trading data reflecting market dynamics.

[Chain News] The results of a recent trading competition have come out, and the data is quite heartbreaking.
The AI team has overall control quite well - although it lost $13,000, the ROI is only -4.48%, which is considered relatively stable for trading. The AI strategy that performed the most steadily, "Claude Sonnet 4.5 Aggressive," still has $18,000 left in the account, which has basically not been breached.
On the other hand, the human team is a bit tragic. The total loss has skyrocketed to $225,000, and the ROI has plummeted to -32.21%. Among the 70 traders, the bottom 30 almost all went bankrupt, making for a rather awkward scene.
But humanity is not completely defeated. ProMint managed to earn $13,600, taking the overall championship and steadily winning a $100,000 prize (final account balance $2.365). Xiaoxia and Romanson also achieved positive returns.

[Coin World] An interesting phenomenon. Since the beginning of March, the total number of wallets holding at least 1 Bitcoin has indeed been declining, with a fall of 2.2%—it seems that many retail investors are fleeing. But the story behind this is more than just that.
Meanwhile, those holding more than 1 Bitcoin are operating in the opposite direction. Since the historical high on March 3, this group of whale-level Wallets has accumulated over 136,670 Bitcoins. In other words, retail investors are exiting while large holders are quietly building their positions.
The differentiation in this position structure usually suggests that market participants have different perceptions of the future market. Ultimately, who is correct will depend on the upcoming trends.

A leading exchange has recently been frequently updating, launching an 18% Annual Percentage Rate flexible savings activity, and listing new coins XMALL and PRX. At the same time, it enhances brand influence and attracts users through celebrity athlete endorsements and limited edition merchandise.

The precious metals market has been quite strong lately. Gold and silver have hit historical highs for the second consecutive day, and from both a technical and fundamental perspective, the rise trend doesn't seem to be fully over yet.
Why should we pay attention to this? Because the trends of precious metals and the crypto market often create a certain resonance—when traditional assets experience significant fluctuations, investors' risk preferences usually adjust, which in turn affects the flow of funds into crypto assets. Especially during periods of greater macroeconomic uncertainty, the rise in precious metal prices often indicates an increase in market hedging demand.
Whether traditional investors or Web3 participants, the trends in precious metals are worth close attention. They reflect changes in global liquidity and risk aversion sentiment, which are significant for the entire asset allocation strategy.

A Nasdaq-listed e-commerce platform has secured $30 million in financing and plans to launch a digital asset strategy, with an initial investment of $9 million for the purchase of Bitcoin and Ethereum, and will continue to acquire digital assets. This reflects the growing number of publicly traded companies reassessing the value of encryption assets and actively engaging in real allocation.

[Chain News] Bitcoin's recent performance has indeed been lackluster, especially compared to other risk assets. Data shows that the main issue lies with Large Investors—they have been continuously selling. Two signals best illustrate the problem.
Interestingly, capital has now shifted towards safe-haven assets such as gold and silver. Gold prices have surged above the 200-day moving average by 25%, while silver is even more exaggerated, exceeding by 45%, nearly approaching the historical peak during the COVID-19 pandemic in 2020. The tech stocks driven by the AI craze are still ongoing, with the S&P 500 just 1% away from its historical high, and the Nasdaq only 3% below its historical peak.
But what about Bitcoin? There is still about a 30% gap from its historical high, which is not small. More interestingly, the correlation between Bitcoin and Nasdaq has been gradually weakening since August, while the correlation with gold turned negative starting in July. This indicates the positioning of Bitcoin in asset allocation.

[Chain News] Bitcoin continues to face pressure this week. As of December 23, the price has fallen to around 87400 USD, getting closer to the 90000 USD mark. From a longer time frame, this wave of market activity has been hindered in its rise for several weeks, not giving long positions any breathing room.
The culprit points to the options expiration event this Friday. On the eve of Christmas, the Deribit platform is welcoming a "mass liquidation" - approximately 300,000 Bitcoin options contracts are about to expire, with a nominal value of about $23.7 billion. Including Ethereum options, the total expiration scale reaches $28.5 billion, doubling compared to the same period last year. What does this mean? It means a large number of positions will be reconfigured or liquidated, and the mechanical selling pressure in the market is hard to avoid.
Interestingly, although the market is volatile, order still prevails. The current main positions are concentrated around the key execution prices of 85000 and 100000 dollars, forming relatively clear support and pressure. Only

[Coin World] If the Russia-Ukraine conflict can reach a peace protocol, the tension in Europe's natural gas supply may significantly ease. What does this mean? Lower energy costs.
Everyone knows that energy prices directly affect the profitability of mining. Once electricity prices in Europe stabilize, the cost pressure of mining will ease, which will also have a chain reaction on the global hash rate layout.
In the short term, the risk of fluctuations in energy prices has decreased, which is beneficial for stabilizing market expectations; in the long term, if energy costs decline, will it attract more computing power to flow back to Europe? By then, the market landscape may undergo subtle changes.

[Chain News] The new moves by the Japanese government have drawn attention. According to reports, Japan plans to submit a related bill to the National Diet in 2026 to transform local government bonds into digital securities on-chain. It sounds a bit hardcore, but it's really just one thing - aiming to eliminate intermediaries and make bond issuance and settlement fast and transparent.
The most interesting part is here. The new plan intends to use local stablecoins to directly pay interest while providing investors with benefits such as access to local facilities. In simple terms, bonds are no longer just cold financial products, but rather a comprehensive experience that combines economic returns, special rewards, and social contributions.
Investors here can see real-time changes in their accounts; for the issuers, costs have significantly decreased, and financing efficiency has been greatly improved. This low-cost model of local financing may open a new window for local finances in Japan. The Blockchain technology is moving from concept to practice, and this case is worth observing.