【Crypto World】 Recently, Bitcoin's performance has been quite interesting — oscillating repeatedly within a relatively narrow range, with the strength of the bears gradually diminishing. This suggests some signs of stabilization. However, the price still remains below the key moving averages, and further rebounds will need to face resistance around $91,333. Looking downward, the support at $86,286 must hold, or there is still room for further decline.
From the order book perspective, buyers and sellers have temporarily formed a delicate balance. The bulls show no intention of retreating around the middle of $87,000, while the bears have established a defensive line between $87,745 and $87,900, slowing down the rebound momentum. Both sides are active, and this standoff is likely to continue in the short term.

Ark Invest recently increased its holdings by 101,537 shares, with an investment of approximately $897,000, demonstrating an optimistic attitude towards technology and innovation sectors. This change in holdings reflects institutional investors' confidence in the market and is worth paying attention to.

Every time Bitcoin hits a new all-time high, many people lament that they wish they had invested earlier. In fact, early investors were adding to their positions against the prevailing negative market sentiment. Behind Bitcoin's price surge are those investors who persevered through adversity; mindset and timing are often more crucial.

The capital flow of US spot ETFs shows a clear divergence, with Bitcoin ETFs experiencing a net outflow of 2873 BTC, Ethereum seeing a short-term net inflow of 13,500 BTC but still facing medium-term selling pressure, and SOL continuously receiving capital inflows, indicating that institutional investors' interest in it is rising. This reflects an increasing divergence in market expectations for different assets.

The recent cryptocurrency market has experienced significant volatility, but the MGC token has shown stability with a high holder retention rate. The core reason is that MGC has real application scenarios, and users have a strong willingness to hold, attracting prudent investors and demonstrating relatively moderate fluctuations. This emphasizes that the key to token retention lies in its actual utility value.

The Philippines' cryptocurrency market policy has shifted, with the National Telecommunications Commission requiring ISPs to restrict access to 50 unauthorized trading platforms. Several mainstream exchanges such as Coinbase and Gemini have been blocked, and users face market access barriers. The regulatory attitude has shifted from lenient to strict, and in the future, only platforms authorized by the central bank will be able to operate stably.

【BiTu】Recently, the precious metals market has been booming. Gold, silver, and platinum—these traditional safe-haven assets—are repeatedly hitting new all-time highs. Spot gold even briefly touched $4,525 per ounce, with this year's increase already exceeding 70%. According to market data, silver and platinum have also performed remarkably well, reaching new highs.
The logic behind this wave of market movement is not hard to understand. Geopolitical instability has led to a significant influx of safe-haven funds; coupled with market expectations of future interest rate cuts, the appeal of traditional precious metals naturally rises.
Interestingly, this gold rally has also sparked ripples in on-chain assets. As the prices of underlying assets surge, their digital counterparts naturally become new focal points of discussion. Gold tokenization exemplifies this idea—products like XAUm are backed by real physical gold, and through token structures, the value of gold is transferred onto the blockchain.
Think about it—this is essentially combining traditional safe-haven assets with the DeFi ecosystem.

Bitcoin spot ETFs have recently experienced capital outflows, with a single-day outflow of $189 million on December 23, marking the fourth consecutive day of outflows. Products from BlackRock and Fidelity saw significant outflows, indicating an institutional withdrawal trend. However, the overall size of the spot ETFs remains stable, and short-term fluctuations have limited impact on the market.

The cryptocurrency industry is currently exploring the division of labor between tokens and equity. Jake Chervinsky points out that policy relaxation provides opportunities for the collaboration of tokens and equity, but transparency is crucial. Tokens carry on-chain value, while equity serves as a tool for off-chain value. Each project needs to choose the appropriate model based on its own situation, and future considerations regarding the use of tokens and equity are necessary.

According to the latest data statistics, the XRP Spot ETF performed strongly on December 23rd Eastern Time. Among them, Franklin's XRPZ product had a net inflow of $8.19 million in a single day, continuing the recent momentum of capital support.
From a more macro perspective, the total net inflow of XRPZ since its launch has accumulated to $219 million, indicating that institutional investors' enthusiasm for allocating to such products is continuing to heat up.
As of the time of publication, the overall net asset value of the XRP Spot ETF has reached a scale of $1.25 billion. It is worth noting that the net asset ratio of XRP within this is 0.98%. Historically, the total net inflow of the entire product line has exceeded $1.13 billion—this figure reflects the market's gradually increasing acceptance of XRP as an asset allocation option.
Whether it is the funds flow of a single day or the accumulated inflow scale, it暗

[Block Rhythm] There is big news recently - JPMorgan plans to provide trading services for crypto assets to institutional clients. This doesn't sound like a big deal, but analysts are quite optimistic about this move.
The interesting thing is that this may not necessarily hurt the platforms that are currently operating in this space. For example, Coinbase and Bullish might actually become winners. Why? Because once JPMorgan enters the market, it essentially places a "legitimization" label on the entire field.
ClearStreet analyst Owen Lau's view is quite straightforward: the involvement of traditional banking giants in crypto trading will greatly improve the ecosystem in this field. On one hand, it further promotes the mainstream recognition of Crypto Assets, and on the other hand, it opens up new distribution channels.
More importantly, this could trigger a domino effect. Once a leading bank takes action, it will be difficult for other banks to continue sitting idly by.

Recently, the market performance has shown divergence, with gold and silver rising due to a surge in safe-haven capital, while Bitcoin is in a state of fluctuation due to weak buying and short-term holders dumping. This indicates different market sentiments, with precious metals favored and the crypto market under pressure.

[Coin World] Infrared, as a liquid staking protocol on Berachain, recently announced a series of expansion plans for the IR Token, with quite a few actions taking place.
The IR reward treasury is now open. Users can now stake IR.

The economic data from the U.S. in December shows that the Consumer Confidence Index is at 89.1, slightly below expectations, and the Manufacturing Index has rebounded to -7, indicating signs of improvement. The overall economy is slowing down but has not returned to a strong state, continuing to impact the risk sentiment in the crypto market.

[Coin World] Cipher Mining has made new moves in its infrastructure layout. Recently, they acquired a 200-megawatt power plant in Ohio, officially expanding their business territory from Texas to the Midwest. The goal behind this is clear - to target the PJM wholesale electricity market, paving the way for high-performance computing and data center operations.
In simple terms, this is preparing for the next phase of computing power demand. According to the plan, this facility is not expected to be officially operational until the end of 2027. Although the timeline is a bit far off, it is enough to see the company's emphasis on the energy supply chain. As the demand for cryptographic computing continues to grow, a stable and low-cost power supply has become a key competitive factor. This layout on the energy side is essentially establishing a long-term competitive barrier.

Valour, a subsidiary of DeFi Technologies, has launched the Brazil Depositary Receipts DEFT31 and five digital asset ETP products on the B3 exchange in Brazil, marking its first entry into the Brazilian market, providing local investors with convenient trading methods, dropping the investment threshold, and promoting the Compliance process of crypto assets.

Recently, Large Investors dumped 3.8 billion PUMP Tokens, causing panic in the market and weakening investor confidence. The technical analysis shows a continued downward trend, with increased market supply and demand pressure, and a decline in open contract volume, indicating investors are deleveraging. It is expected that PUMP needs to test the support level of $0.000426.

Market maker GSR recently transferred 4,400 ETH to DBS, equivalent to about 13.2 million USD. Large transfers may indicate position adjustments or hedging of risks, and market capital allocation may be changing. Monitoring such capital flows helps to understand short-term market sentiment.