The People's Bank of China held a meeting, emphasizing the continuation of a moderately relaxed monetary policy, promoting supply-side structural reform of the financial sector, fostering economic growth and price rebound, strengthening support for the real economy, and maintaining the stability of the RMB exchange rate.

Odaily Planet Daily News: RaveDAO announces the RAVE airdrop ratio and distribution mechanism for Genesis Membership Pass holders. According to the announcement on December 12, the airdrop exchange ratio is: 1 RAVE Point = 2 RAVE. This airdrop has three wallet submission windows, corresponding to different RAVE distribution times: Window One - Submission Time: December 10, 2025, 08:00

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

Tidal Trust has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the industry's first "Bitcoin AfterDark ETF" (Bitcoin AfterDark ETF), which aims to capture Bitcoin's price fluctuations during non-trading hours in the United States. The product is designed to hold Bitcoin only at night, while switching to Treasury bonds and money market funds during the day to improve the overall return-risk ratio. According to the application documents, the overnight ETF will buy Bitcoin after the US stock market closes and sell quickly after the opening of the next day. Daytime assets are allocated to low-risk instruments such as U.S. Treasuries and cash. While the ETF may be full of Bitcoin overnight in terms of overnight nominal positions, its capital structure is more defensive during the day.

According to Jinse Finance, glassnode posted on the X platform stating that liquidity can be assessed through multiple indicators, including the 30-day moving average of the realized profit and loss ratio. For the Solana chain, this ratio has remained below 1 since mid-November, which means that the current realized losses have exceeded realized gains. This phenomenon indicates that on-chain liquidity for Solana has contracted to levels commonly seen during deep bear markets.

GMGN.Ai has released a series of new features, including customizable charts for tracking wallet holdings, upgraded leaderboards, and a new KOL holding ratio indicator, all aimed at improving user efficiency in trading MEME tokens.

On Monday, MicroBT officially launched its new generation of WhatsMiner mining machines—the M70 series—in Abu Dhabi. Despite Bitcoin mining revenues currently being at multi-year lows, the company has chosen to introduce a product line with higher energy efficiency. The M70 series covers three efficiency tiers: 12.5 J/TH, 13.5 J/TH, and 14.5 J/TH, offering both air-cooled and water-cooled models. The single-unit hashrate ranges from the entry-level M70 at around 214 TH/s to the rack-mounted M79S at over 1 PH/s, targeting ultra-large-scale mining farms and advanced energy solutions. This launch comes at a time when mining economics are extremely tight. According to market data, Bitcoin hashprice has dropped to about $35 per PH/s/day, nearing historic lows; meanwhile, network hashrate remains above 1 ZH/s, increasing revenue pressure on miners. Record-high mining difficulty combined with price corrections has significantly slowed miner demand, and ASIC manufacturers are generally facing challenges such as extended inventory and order cycles.

PANews, December 8—According to the official announcement from USPD, USPD V1 suffered a CPIMP deployment attack on December 4, 2025, which was not caused by a smart contract vulnerability. The team will issue redeemable Claim Tokens to approximately 230 affected users at a 1:1 ratio in January 2026 and will set up an independent protocol revenue compensation pool. USPD

Data released by KobeissiLetter shows that the US leading economic indicators continue to deteriorate, with the ratio of leading to coincident economic indicators falling to 0.85, the lowest since 2008, signaling a possible recession.

ChainCatcher news, the topic of comparing the valuations of Ethereum and Amazon is causing heated discussion on X. Santiago, founder of Inversion Capital, believes that Ethereum is overvalued. He stated that ETH's price-to-sales ratio (valuation of $380 billion, annual revenue of $1 billion) is much higher than Amazon's; even during the internet bubble, Amazon's price-to-sales ratio never exceeded 28 times. The price Ethereum holders pay for every $1 of revenue is about 146 times what Amazon investors paid back then. He believes Amazon is also a successful network. Whether it's a company or a network, its pricing depends on the economic benefits it generates (revenue and cash flow), and TVL, collateralized assets, or settlement volume are not revenue. Ethereum treasury company SharpLink, on the other hand, stated that traditional valuation models do not apply to Ethereum: Ama

ChainCatcher news: Trader Murphy posted that the main sources of selling pressure currently are the profitable chips held by long-term Bitcoin holders (LTH) and the underwater chips held by short-term holders (STH). For STH, after panic is released in a concentrated manner, if the price stabilizes or shifts from a sharp drop to a slow decline, the selling pressure will gradually decrease; as for LTH, if their realized profit and loss ratio declines, their motivation to sell will decrease. Currently, the number of new BTC addresses has temporarily stabilized after a round of decline, but the amount of BTC held by them is still decreasing. This indicates that the overall risk appetite of BTC investors has not significantly improved, resulting in a lack of new demand. He believes that before seeing a clear recovery in demand, the reasonable expectation for BTC in December should not be an immediate reversal, but rather no further sharp or deep declines, and a corresponding rebound after an oversold situation.

According to SoSoValue data, as of December 3, Grayscale LINK Spot ETF GLNK recorded a single-day net inflow of $3.84 million, with a net asset value of $67.55 million and a LINK net asset ratio of 0.67%. Meanwhile, Grayscale DOGE Spot ETF GDOG saw a single-day net inflow of $177,000, with a total net asset value of $6.99 million and a DOGE net asset ratio of 0.03%.

PANews, December 3rd—According to Cointelegraph, CryptoQuant data shows that the Bitcoin market buy/sell ratio has reached 1.17, the highest level since the start of the current cycle in January 2023.

PANews, December 2 - The Aave community has proposed a temperature check proposal titled "Focusing on Aave V3 Multi-Chain Strategy," suggesting adjustments to its multi-chain strategy, including increasing the reserve ratio for underperforming networks to boost revenue, shutting down low-yield markets on zkSync, Metis, and Soneium, and setting a clear annual revenue floor of $2 million for new instance deployments.

Recently, silver (XAG) closed at 58 dollars, reaching the highest monthly closing price in 46 years, with retail investor interest even surpassing Bitcoin. This price breakthrough not only reflects the global capital flow towards hard assets but also encourages investors to explore the new digital asset field of tokenization of silver. Analysts point out that the surge in silver prices is due to global inflation, increased industrial demand, and supply constraints. The silver/Bitcoin ratio has broken through a long-term downward trend, indicating that investors' assessment of value storage assets is changing, providing a good foundation for the tokenization of silver.

According to Jinse Finance, the demand for Japan's 10-year government bond auction on Tuesday was stronger than the average level of the past 12 months, despite the rising expectations for the Central Bank's recent interest rate hike. The bid-to-cover ratio was 3.59, up from 2.97 in the last auction in November and the 12-month average of 3.20. This auction took place after Bank of Japan Governor Kazuo Ueda made comments on Monday, which the market believes increased the likelihood of a rate hike later this month. Ueda stated that the Bank of Japan would weigh the pros and cons of raising interest rates and take appropriate action, adding that even after a rate hike, financial conditions would remain accommodative. Currently, the swap market indicates an approximately 80% chance of a rate hike at the policy meeting on December 19, while the likelihood of a January rate hike has risen to over 90%. In contrast, just a week ago, the probability of a December rate hike was only 36%. Meanwhile, the Japanese Ministry of Finance plans to increase short.

Odaily News According to the official announcement, Gate Fun has officially launched the latest fee distribution plan, which takes effect immediately from the announcement. This adjustment significantly increases the rewards ratio for creators and the community CTO team, allowing value creators to truly become the main beneficiaries of the ecosystem. Before migrating to GateSwap, the total fee remains at 1%, with creator rewards increased from 0.1% to 0.8%; protocol fees and ecosystem pool are both reduced to 0.1%. Graduation rewards remain unchanged at 50 GT. After migrating to Gate Swap, fees will be differentiated based on project market capitalization. For projects with a market capitalization of less than $1 million, creator/CTO rewards are increased to 0.6%, and protocol fees are reduced to 0%; when the market capitalization exceeds $1 million, the total fee is 0.3%, with the ecosystem pool and creator rewards distributed.

According to BlockBeats, on December 2nd, Tom Lee, Chairman and CEO of BitMine, stated, "Despite the positive fundamentals indicated by metrics such as the number of wallets, on-chain activity, transaction fees, and tokenization progress, cryptocurrency asset prices continue to fall. Therefore, the risk-reward ratio of BTC and ETH is becoming quite attractive."

Golden Finance reports that Ki Young Ju, founder and CEO of CryptoQuant, stated on social media that selling BTC when the mNAV (the ratio of the company's value to the value of its held Bitcoin) is below 1 is not a wise move. While this action may benefit MSTR shareholders in the short term, it will ultimately harm BTC, thereby also damaging MSTR's interests and creating a death spiral. Previously, the CEO of Strategy stated, "I will only sell Bitcoin when the mNAV falls below 1 and financing is not possible."

Bloomberg Intelligence commodity strategist Mike McGlone predicts that Bitcoin may retrace to $50,000, and the Bitcoin-to-gold ratio could drop to 13 times, indicating increased market risk. His model currently shows that this ratio is around 20 times, with the key being the S&P 500 index volatility approaching its lowest point since 2017.

Alliance DAO co-founder QwQiao believes that the fee/revenue ratio is an important indicator for assessing the L1 moat. Projects lacking a moat may lose market share or maintain it through price wars, while projects with competitive advantages can achieve sustained rise. He suggests following the Application Layer for long-term value.

Terminal Finance announces the termination of the Terminal project due to the reliance on the Converge chain, which has not gone live, leading to a lack of ecological foundation. Although the code has been completed, the team believes that continuing to push forward is not feasible and promises that users' principal will be preserved at a 1:1 ratio, allowing users to withdraw their assets at any time.

Bitmine Immersion Technologies (BMNR) has recently made another large-scale purchase of Ether, attracting significant market attention. On-chain data shows that this Ethereum treasury company, supported by Fundstrat's renowned analyst Tom Lee, increased its holdings by 14,618 ETH on November 28, valued at approximately 44.34 million USD, with funds coming from BitGo Hot Wallet. This increase further reinforces the recent trend of institutional demand for Ethereum warming up. As of now, Bitmine Immersion has held approximately 3.6 million ETH, accounting for 3% of the total ETH supply, making it one of the most influential enterprise-level Ethereum holders in the market. According to Yahoo Finance data, Bitmine's enterprise value is $12.19 billion, with a total cryptocurrency holding scale of $11.2 billion, keeping its price-to-book ratio at a solid level of 1.08.

PANews, November 28th news, the Openledger Foundation announced that it is about to enter the next phase of the OPEN buyback program. The upcoming buyback quota of 5 million OPEN has now been prepared and will be fully funded by corporate revenue. This phase continues its commitment to a total buyback ratio of 4.5%.

ChainCatcher news, according to SoSoValue data, the total net inflow of XRP Spot ETF is $21,810,000. The XRP Spot ETF with the highest daily net inflow is Bitwise XRP ETF, with a daily net inflow of $7,460,000, and the historical total net inflow of XRP has reached $163,000,000. Next is Canary XRP ETF, with a daily net inflow of $5,210,000, and the historical total net inflow has reached $335,000,000. As of the time of writing, the total asset net value of XRP Spot ETF is $676,000,000, with an XRP net asset ratio of 0.5%, and the historical cumulative net inflow has reached $644,000,000.

MicroStrategy confirmed that even if the price of Bitcoin falls to $25,000, its debt-to-asset ratio will remain at 2.0 times, well below its average purchase cost of $74,000. The company's stock price has fallen by 49% and is facing the risk of being removed from the MSCI index, with a decision expected to be made before January 2026. MicroStrategy's $16 billion in debt is supported by Bitcoin at a ratio of 3.6 times, demonstrating strong resilience. The total amount of convertible bonds it holds is $8.214 billion, with a BTC rating of up to 6.9 times; the total amount of preferred shares is $7.779 billion, with a BTC rating of 3.6 times. Overall, the company's total debt, including preferred shares, amounts to $15.993 billion, currently supported by more than three and a half times the value of its Bitcoin assets.

According to Foresight News and reported by unfolded, there will be 150,000 Bitcoin Options expiring on the Deribit platform this Friday at 16:00, with a notional value of $13.19 billion. The current maximum pain price is $101,000, with a put/call ratio of 0.61. The maximum pain price for Ether Options is $3,400, with a notional value of $1.66 billion, and a put/call ratio of 0.50.

Naver Financial, the fintech subsidiary of South Korean IT giant Naver, has officially confirmed its merger with Dunamu, the operator of South Korea's largest cryptocurrency exchange. According to the DART electronic disclosure system of the Financial Supervisory Service (FSS) of South Korea, Naver Financial disclosed on Wednesday that it will integrate Dunamu as a wholly-owned subsidiary to "ensure future momentum based on digital asset rise." Previous reports indicated that this merger will be conducted through a stock exchange method. Information disclosed shows that the exchange ratio is 1 share of Dunamu stock can be exchanged for 2.5422618 shares of Naver Financial stock. The effective date for the stock exchange is June 30, 2026.

South Korea's largest portal site operator Naver approved the acquisition of Dunamu through a share swap at a ratio of 1:2.54 during a board meeting. Dunamu will become a wholly-owned subsidiary of Naver Financial, and both parties will continue their respective businesses and review restructuring plans.

PANews, November 26 news, Strategy stated in a post on platform X: "If the price of Bitcoin falls to our average cost price of $74,000, we still have assets equivalent to 5.9 times the convertible debt, which we refer to as the Bitcoin rating of the debt. If the price of Bitcoin falls to $25,000, that ratio would be 2.0 times."

Odaily News According to market news: The Federal Deposit Insurance Corporation has relaxed a key banking capital rule related to U.S. Treasury bonds, and additionally, the Federal Deposit Insurance Corporation is proposing to amend the leverage ratio for community banks. (Jin10)

According to Jinse Finance, a customer survey on U.S. Treasury bonds by JPMorgan as of the week ending November 24 shows that the proportion of long positions rose by 4 percentage points, reaching the highest level since April, while the proportion of short positions fell by 1 percentage point, and the neutral proportion decreased by 3 percentage points. The net long positions account for the highest level since October 2010.

BlockBeats reported that on November 25, according to CryptoQuant data, the Sharpe ratio of Bitcoin has fallen below 0, reaching its lowest level since the FTX collapse. Additionally, there have been several instances in the chart where the Sharpe ratio dropped to zero or close to zero (in 2019, 2020, and 2022), usually coinciding with the bottoms or significant flips in Bitcoin prices. The Sharpe ratio is a measure of the relationship between investment return and risk, and a Sharpe ratio close to zero usually indicates high price fluctuation but insufficient returns to compensate for the risk, often occurring at market bottoms or during capitulation phases.

PANews November 25 news, Bloomberg ETF analyst Eric Balchunas posted on X platform that BlackRock Bitcoin Spot ETF $IBIT's short positions have significantly decreased. Although the short position ratio was only 2% previously, it is now close to the low point before the market started in April.

According to Gate News bot, as per the official announcement from Monad, Gate will open pre-market OTC trading for MON Token. The trading schedule is as follows: Trading will end on November 24, 2025, at 22:30 ( UTC+8 019283746656574839201, and the settlement time will be from 01:00 to 03:00 on November 25, 2025 ) UTC+8 019283746656574839201. Monad is a project focused on building high-performance Layer 1 blockchains, aiming to develop a blockchain network that is 100 to 1000 times faster than existing competitors to support more complex decentralized applications. The total supply of MON tokens is 10 billion, and the trading opened this time is for MON Points, which will be exchanged for the official MON Token at a ratio of 10:1.

Gate News bot message, according to the project party Monad (MON) latest announcement: Monad (MON) project party has announced the token economic details, which will proportionally exchange pre-market OTC trading orders. According to the announcement, the total issuance of Monad (MON) points is 1 billion, while the total issuance of MON tokens is 100 billion. Based on the principle of maintaining the total market value of tokens, all completed MON points pre-OTC trading orders will be exchanged at a ratio of 1:100, meaning 1 MON point will be exchanged for 100 MON tokens, while the total order amount remains unchanged.

The AI smart agent Port3 will launch a token migration plan, with all tokens migrating at a ratio of 1:1. A snapshot has been taken after the attack. The team will distribute tokens to affected users in multiple batches, with a total of 16,275,000 PORT3 being destroyed to maintain the total supply.

Odaily News According to monitoring by Arkham, (as the BTC price continues to fall,) the Satoshi Nakamoto address has lost 47 billion USD, bringing personal wealth down to 90.7 billion USD, the lowest point since reaching an ATH of 137 billion USD last October. The 47 billion USD loss generated by the market decline accounts for approximately 34% of its historical highest net worth.

According to Gate News bot, the official announcement from Baby Grok states that the BABYGROK Token has completed the contract migration and token exchange. The old and new tokens will be exchanged at a ratio of 3000:1, and Gate has completed this token conversion. The new contract address is 0x3303113001c51769f2753C2aFb7B5a6d0535660E (BSC chain). The old BABYGROK contract Token has stopped all trading and deposit/withdrawal services. The platform has now enabled the new contract Token and opened the withdrawal function for the new contract Token.

Gate News bot message, Bitcoin's dominance ratio stands firm at approximately 55% in the cryptocurrency market despite recent price fluctuations. The current market movements demonstrate a broader correction across digital assets, with no indication of altcoin market share expansion. The data shows

India's Asset Reserve Certificate (ARC) is expected to be launched in the first quarter of 2026. The ARC Token is pegged to the Indian Rupee at a 1:1 ratio, and cash or cash equivalents must be in place at the time of issuance to ensure transparency and compliance, aiming to strengthen liquidity in the Indian economy and drive demand for public debt instruments.

Odaily News The governance forum of the decentralized lending protocol Venus has released a proposal to eliminate three markets in the BNB Core Pool: BETH, MATIC, and PT-USDe-30OCT2025. BETH: The proposal suggests completely phasing out this market and setting the loan-to-value (LTV) ratio to 0%. This market has suspended lending and supply in 2023. MATIC: Since the MATIC token has been replaced by the POL token, and Venus currently has no plans to support POL, the proposal suggests setting its loan-to-value (LTV) ratio, supply limit, and borrowing limit to 0, and suspending supply and lending. At the same time, its oracle machine will be updated to Chainlink $POL. PT-USDe-30OCT2025: This market has been phased out in 2025.

Odaily News Cypherpunk Technologies Inc. (Nasdaq: CYPH) announced that the company has again invested $18 million to acquire 29,869.29 ZEC (Zcash), with an average bid price of $602.63. In addition to the previously purchased ZEC for $50 million, Cypherpunk's total holdings of ZEC have reached 233,644.56, with an average holdings cost of $291.04. This acquisition brings the company's total ownership ratio in the Zcash network to 1.43%. Cypherpunk focuses on privacy and self-sovereignty, believing that Zcash is "a form of digital privacy asset" and is a response to