PANews December 12 News, cryptocurrency market maker GSR stated that the company's operations are normal, with stable business and liquidity, and will continue to provide execution and services to clients and partners; GSR CEO said that the online rumors about the "10/11 liquidation" are unrelated to them.

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.

BlockBeats News, December 12 – Cookie DAO issued a statement regarding the significant price drop after the TGE of the token on Cookie Launchpad. The performance of the token on the day of TGE and afterward is not determined by Cookie. The project team independently decides the fundraising amount, token economics, and liquidity arrangements. Cookie does not participate in the project's treasury, does not set the price, and does not control the market trend after opening. It merely acts as an InfoFi platform: providing tools for project operation, hosting InfoFi activities, and rewarding users who genuinely bring attention, content, and mental share to the project. The current market liquidity is extremely tight, with heavy sell-offs and unpredictable volatility. The community's claim that "Cookie earns a fortune while others suffer heavy losses" is completely false. Cookie does not turn a blind eye to this; it continues to

Odaily Planet Daily reported that the S&P 500 Index closed at a new all-time high again on Thursday. While this is not uncommon in 2025, it has been six weeks since the last record was broken. Ed Clissold, Chief US Strategist at Ned Davis Research, said, “Considering that US companies continue to deliver strong earnings reports, and the US economy has proven to be resilient, the current market sentiment is far from euphoric, which means there is still room for further gains by the end of the year and into early next year.” Noticing that investor enthusiasm is not only subdued at Ned Davis Research, even though the stock market is at an all-time high. Barclays’ “Stock Market Euphoria Indicator” has stabilized but remains well below its early October peak, indicating that the market still has “dry gunpowder” to drive potential year-end gains. (Jinshi)

BlockBeats 消息，12 月 12 日，去中心化衍生品协议 Synthetix 宣布将于 12 月 17 日回归以太坊主网。Synthetix 流动性提供商（SLP）将同期上线，SLP 访问权限将采用白名单制度，并计划尽快向所有用户开放。

Odaily Planet Daily News: The Federal Reserve signaled this week its openness to continue cutting interest rates in 2026, which was welcomed by investors. The market had previously prepared for the central bank to implement "hawkish rate cuts," i.e., lowering the benchmark federal funds rate, while also strongly indicating a reluctance to make further adjustments. The US stock market rose along with bonds, with the Dow Jones Industrial Average climbing nearly 650 points (1.3%) on Thursday, reaching a new all-time high. Despite internal disagreements within the Fed and the release of complex signals on Wednesday, many still see signs that even a slight further softening of the labor market could prompt the central bank to cut rates again in the coming months. The Fed announced it will expand its balance sheet by purchasing short-term government bonds, an initiative aimed at easing recent pressures in the overnight lending market, which also reassured investors. Investors expect that the Fed will be very different next year, and Trump has already begun to target this week.

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

BlockBeats News, December 12 — The official Raise Network team announced at the Solana Breakpoint conference that the Raise Smart Cards project has chosen Solana as the infrastructure to build on-chain gift cards and loyalty ecosystems. The on-chain intelligent gift card system will support loyalty rewards for brands such as Uber and Fanatics, leveraging Solana's high-performance advantages.

The 171st Ethereum Consensus Layer core developer meeting discussed retaining trustless payments as part of the Glamsterdam upgrade and removing the mandatory inclusion list for fork choice. The Fusaka upgrade has been successfully launched, and the network is stable. The meeting also discussed multiple proposals and plans to schedule the Heka upgrade in January next year.

Foresight News reports that, according to Bloomberg, Tether plans to raise up to $20 billion through a stock issuance and will consider tokenizing the shares after the sale is completed. Sources familiar with the matter revealed that Tether executives are considering various options, including share buybacks, and storing the company's stock in digital form on the blockchain through tokenization after the transaction. The sources also disclosed that at least one existing shareholder previously planned to sell shares at a price significantly below the company's $500 billion valuation, but Tether intervened to prevent this plan. The sources further revealed that Tether's management is concerned that a sell-off by current investors could impact its massive fundraising efforts. Due to the involvement of confidential information, these individuals requested anonymity. One insider stated that the company currently has no plans to allow existing shareholders to sell shares in this round of major financing.

BlockBeats News, December 12 — Builder Codes enables developers to build custom terminals, tools, and applications based on Grvt, while earning continuous revenue from the order flow. This allows Grvt to focus on the underlying matching and settlement system, while the ecosystem team can innovate simultaneously on the same technical platform. Based on ZKsync Atlas, Grvt offers developers a high-performance, low-cost unified liquidity environment. The first partners include professional terminals Tealstreet and institutional OEMS.

BlockBeats News, December 12 – Proph3t, co-founder of MetaDAO, a governance project in the Solana ecosystem, stated at the Solana Breakpoint conference that MetaDAO implements a true ownership mechanism on Solana through "ownership coins," primarily involving two components: Governance/Market Oversight Component: similar to a DAO but less extreme. Proposals are made 2 to 4 times a year, such as issuing new tokens for OTC investment rounds. Users do not vote but participate through trading. Legal Structure Component: to prevent project rug pulls.

Foresight News现场报道，stablecoin payment platform KAST founder and CEO Raagulan Pathy introduced several product updates at the Solana Breakpoint conference, including: now supporting payments via SWIFT to over 125 countries or regions, with no fees for amounts exceeding $5000; plans to expand real-time payments to 55 countries or regions in the coming weeks using local payment channels such as Brazil's Pix and India's UPI; will launch the Savings Vault feature in collaboration with Gauntlet next week, with an approximate yield of 7%, which will support direct consumption and collateralized lending in the future; has opened the enterprise version waiting list; launched KAST.

BlockBeats News, December 12, According to Coinglass data, the funding rates for major CEX and DEX platforms indicate that the market has shifted from bearish to neutral. The specific funding rates for mainstream cryptocurrencies are shown in the attached chart. BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it represents a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

ChainCatcher reports that, according to MLM monitoring, Jump Crypto has withdrawn approximately 160,000 HYPE tokens (about $4.65 million) from exchanges in the past 24 hours, bringing its total holdings to around 500,000 HYPE tokens (about $14.6 million). This level just reaches the threshold for the highest tier market maker fee discount (500,000 tokens / 40%) in the Hyperliquid ecosystem. This suggests that Jump is very likely to start market making officially on Hyperliquid soon.

This article summarizes cryptocurrency news as of December 12, 2025, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. The US SEC allows DTCC to custody and recognize tokenized stocks and other RWA assets on the blockchain 2. Hex Trust will issue and custody wXRP to expand its DeFi applications across multiple blockchains 3. The Solana ecosystem's MEV-based liquidity staking reward protocol Toby will launch a token

Foresight News on-site report, Figure co-founder and CEO Mike Cagney stated at the Solana Breakpoint Conference that Figure has recently filed a new S-1 application, planning to issue blockchain-based common stock. Blockchain stocks will be a blockchain-native equity security and will be in Figure

BlockBeats News, December 12 — Cindy, co-founder of Solana ecosystem DeFi protocol Drift, stated at the Solana Breakpoint conference, "We will launch a mobile app in the first quarter of next year. This will be the first native application integrated with a multi-collateral account on mobile, and it will also include: Launch App"

Gate News Bot message, December 12th, according to CoinMarketCap data, as of press time, LUNC (Terra Classic) is trading at $0.00, down 22.56% in the past 24 hours, with a high of $0.000079848 and a low of $0.0000063462. The 24-hour trading volume reached $174 million. The current market capitalization is approximately $255 million, a decrease of about $74.37 million from yesterday. Terra Classic is an open-source decentralized blockchain driven by the Tendermint consensus mechanism and Cosmos SDK, operating independently of the original Terra network. Maintained by a diverse set of validators and one of the most active communities in the crypto space, its block finalization time is about 6 seconds, with transaction fees below 1 cent.

Kamino co-founder Marius Ciubotariu unveils new branding and six new products at the Solana Breakpoint conference, including fixed-rate lending, off-chain collateralized borrowing, private placement lending, decentralized exchanges, and more, aiming to enhance lending services and interest rate discovery.

BlockBeats News, December 12th, at the recently concluded Abu Dhabi BNB Hackathon, CZ and DragonVerse founder Natsuki engaged in a highly aligned and forward-looking in-depth discussion on the immense development potential of culture and IP on the blockchain. CZ expressed strong anticipation for this development direction on-site and stated, "Welcome IPs like Dragon Ball to BNB."

Gate News Bot message, December 12th, according to CoinMarketCap data, BTX (BeatSwap) is currently priced at $0.04, down 2.54% in the last 24 hours, with a high of $0.06 and a low of $0.03. The current market capitalization is approximately $8.6 million, a decrease of $224,381.42 compared to yesterday.

Solana ecosystem platform Metaplex's Chief Design Officer Stephen announced at the Solana Breakpoint conference that the Genesis SDK is officially launched, supporting various application development such as trading platforms and aggregators, and can integrate smart contracts with fair issuance models.

Hyperliquid Strategies announces the launch of a $30 million, 12-month stock repurchase program aimed at boosting the stock price of the company that recently went public and strengthening the value linkage between its stock and the HYPE token. The plan was announced after the company's official listing on NASDAQ, not only to support secondary market performance but also to further expand the company's staked and reserve holdings of HYPE tokens. The establishment of Hyperliquid Strategies stems from the merger of Sonnet BioTherapeutics and Rorschach, a SPAC company under the crypto venture fund Paradigm. The merger was originally scheduled to be completed in November but was finalized on December 2nd, leading to the company's stock beginning trading in early December. As an asset management firm focused on digital assets, Hyperliquid Strategies holds a large amount of HYPE tokens, and this buyback plan will further strengthen its capital position within the token ecosystem.

Foresight News: The co-founder of token sales platform Legion, Matt OConnor, stated at the Solana Breakpoint conference that Legion will launch multiple Solana ICO projects within the next 60 days and plans to introduce compliant rights sale features in the first quarter of next year, providing a compliant path from seed rounds to public token issuance. Matt OConnor pointed out that the traditional dual-capital structure of "equity + tokens" has caused approximately $250 billion in value destruction over the past five years, resulting in VC protections for equity holders while token holders suffer. Legion aims to promote "Tokens as Rights"

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.

Gate News Bot Message, December 12th, according to CoinMarketCap data, as of press time, LUNA (Terra) is now trading at $0.18, down 24.30% in the past 24 hours, with a high of $0.25 and a low of $0.10. The 24-hour trading volume reached $453 million. The current market cap is approximately $125 million, down $40.26 million from yesterday. # Recent Important News on LUNA: 1️⃣ **Rwandan Court Sentencing Results Trigger Short-term Correction Pressure** Terraform Labs co-founder Rwandan was sentenced on December 11th at the Manhattan Federal Court, marking a new phase in the legal proceedings of the 2022 TerraUSD collapse. The incident once wiped out about $40 billion in market value and was one of the most significant crises in cryptocurrency history.

Backpack founder Armani Ferrante stated at the Solana Breakpoint conference that Solana is currently the only network capable of achieving large-scale decentralized execution, highlighting its advantages in scalability issues.

Cross-chain interoperability protocol deBridge announces the launch of a brand new execution primitive, deBridge Bundles, designed to fundamentally simplify on-chain interactions for users and developers, reducing multi-layer complexity during DeFi usage. This model allows users to sign only an "intention" that describes the final result, with the protocol automatically completing execution, eliminating the need to manually handle transactions, gas, or cross-chain steps. Traditional on-chain operations often require users to deal with slippage, gas estimation, transaction retries, and cross-chain asset management. deBridge states in its announcement that Bundles shift the execution logic from chain-level operations to a "result-oriented" model, removing cumbersome steps and making user operations closer to a one-click experience. Meanwhile, developers can focus on application-layer logic without having to build complex execution and retry frameworks themselves, significantly shortening development cycles and enhancing product stability.

BBVA announces an expansion of its long-term partnership with OpenAI, launching a multi-year AI transformation plan that will cover ChatGPT Enterprise for 120,000 employees worldwide, a tenfold increase in deployment scale compared to before. This strategy aims to enhance customer experience, optimize operational processes, and drive the bank's full transition to AI-native technology through generative AI. This collaboration will promote BBVA and OpenAI to co-develop new AI solutions to revolutionize customer interactions, empower frontline banking staff, accelerate risk analysis, and reshape software development and internal productivity tools. BBVA Chairman Carlos Torres Vila stated that this move will advance the bank into a new stage of "intelligent, personalized, proactive service," further strengthening its leadership in digitalization.

x402 Payment Protocol officially released version 2 on December 11, 2025, further strengthening its core position in AI-native payments and autonomous machine trading. Since launching six months ago, x402 has completed over 100 million transactions through API, AI agents, and Web services. The V2 version incorporates key upgrades accumulated during this period. The most notable highlight of this update is the realization of a unified payment format for "multi-chain + traditional payment networks." The new protocol standardizes network and asset identification, enabling developers to seamlessly route payments between blockchains like Base, Solana, and traditional networks such as ACH and bank card networks. As a result, x402 is gradually becoming a neutral payment layer connecting crypto finance and traditional finance, simplifying cross-network settlement processes and providing more compatible payment infrastructure for AI agents, automation services, and Web applications.

Solana yield aggregator Ranger Finance announces the launch of the yield token Ranger USD (rgUSD), designed to help stablecoin holders earn yields automatically. The token's mechanism includes a foundational layer of decentralized deposits into lending markets, and an enhanced layer employing Delta-neutral funding rate strategies. Ranger also plans to conduct an RNGR token sale at MetaDAO.

PANews December 12 News, Pyth Network announced the launch of the PYTH Reserve Mechanism, which uses protocol revenue to purchase PYTH tokens monthly, directly linking product adoption with network value. As a key part of financial infrastructure, Pyth Network has supported over $2.3 trillion in cumulative trading volume. The new mechanism aims to promote sustainable value growth. The PYTH Reserve allocates one-third of funds from DAO treasury each month to buy PYTH tokens on the open market, combined with quarterly pricing optimization strategies to ensure revenue growth is directly converted into buying pressure for the token. Pyth's economic engine is powered by Pyth Pro, Pyth Core, Entropy, and Express

XRP price trend is entering a critical phase. As the descending triangle pattern tightens further, market concerns about a potential decline are intensifying. At press time, XRP trading price is at $2.03, up slightly by 1% in the past 24 hours, but the overall momentum remains weak. Over the past week, XRP has traded within a range of $1.99 to $2.17, located at the tip of the descending triangle, with space clearly narrowing, indicating an imminent breakout. From a longer-term perspective, XRP has fallen 14% in the past month, retreating about 45% from the July all-time high of $3.65. Trading activity has also decreased, with spot daily trading volume dropping to $3.08 billion, a 26% decrease day-over-day, and the derivatives market showing a similar weakening trend. According to CoinGlass, futures trading volume has declined by 25%, with open interest slightly down to $3.69 billion. When both spot and derivatives volumes decline simultaneously, it often indicates that market participants are avoiding risk and waiting for clear directional signals.

Bitcoin has recently been lacking upward momentum, with a clear bearish flag pattern appearing on the technical chart, triggering market concerns about the next target price level. Several traders believe that Bitcoin's short-term risks are rapidly accumulating, and if it breaks below a key support level, it could trigger a deeper correction, with a target price of USD, potentially extending down to the @E5@ USD region. Trader Roman emphasized in the latest analysis that Bitcoin faces an approximately 17% potential decline. He pointed out that since Bitcoin hit a low near USD, the price has failed to rebound effectively and has been oscillating within an upward channel. This kind of pattern is highly likely to develop into a bearish flag. Under this pattern, Bitcoin may continue to make lower lows after a brief rebound.

World announces its app has received a major upgrade. The new version introduces encrypted chat, virtual accounts, and support for encrypted payments with over 100 assets, officially moving towards a “super app” that combines identity verification and global payments. Led by Sam Altman, the core goal of the project is to provide users with reliable human verification tools in an era of rapid AI technological development. According to the official announcement, this upgrade allows users to send, recharge, and withdraw cryptocurrencies within the World wallet and virtual accounts, experiencing a convenient payment process similar to Venmo. The new app supports USDC, EURC, wrapped Bitcoin, Ethereum, and over 100 other cryptocurrencies, covering a broader crypto asset ecosystem.

According to DefiLlama data, there are 73 projects that raised over $10 million in the past three months, with only Tempo being an L1 public chain. Venture capital mainly focuses on prediction markets, payment systems, and other areas. Among AI-related companies, only 2 meet the funding criteria.