Crypto Morning Brief: Kraken plans to launch a prediction market, Trend Research plans to purchase $1 billion worth of ETH

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

U.S. Initial Jobless Claims for the week ending December 20: 214,000, expected 224,000

U.S. initial jobless claims for the week ending December 20 were 214,000, compared to the expected 224,000 and the previous value of 224,000.

BlackRock: Limited Rate Cuts Expected from the Fed in 2026

BlackRock strategists Amanda Lynam and Dominique Bly pointed out in a report that the Federal Reserve is expected to implement only limited rate cuts in 2026. With a total of 175 basis points already cut in this cycle, the Fed is approaching a neutral rate level. Unless there is a sharp deterioration in the labor market, there is very limited room for further rate cuts in 2026. According to LSEG data, the market currently expects the Fed to cut rates twice in 2026.

CNBC: Kraken Plans to Launch Prediction Market Service in 2026

According to CNBC, cryptocurrency exchange Kraken plans to launch a prediction market service in 2026. Mark Greenberg, Kraken's Global Head of Consumer Business, revealed this plan on CNBC Crypto World.

Brevis Announces Tokenomics Model: Total Supply of 1 Billion, 32.20% for Community Incentives

According to official news, ZK smart verifiable computation platform Brevis has released details of its ecosystem native token $BREV.

The total supply of $BREV is 1 billion, with 37% allocated to ecosystem development, 32.20% for community incentives, 20% to the team, and 10.80% to investors.

The ecosystem development and community incentive portions will be released linearly over 24 months after the initial unlock, with 14.50% and 10.50% of tokens circulating at TGE, respectively. The team and investor allocations are fully locked for the first year with no initial unlock, followed by a 24-month linear release.

Previously, it was reported that Brevis Network completed a $7.5 million seed round led by Polychain Capital and Binance Labs.

Sonic Adjusts Token Airdrop Model, 92.2 Million Tokens Remaining in Treasury to Be Used for Future Incentives

According to Sonic Labs' official blog, Sonic is shifting from the early distribution phase to the value creation phase and adjusting its token incentive strategy. Since minting 190.5 million S tokens in June 2025, the first quarter distributed about 89.5 million, the second quarter about 6 million, and the Kaito event about 2.8 million tokens. Currently, about 92.2 million S tokens remain in the treasury and will be used for incentive plans in 2026 and 2027.

Sonic stated that while the "airdrop model" in the crypto industry in recent years has driven short-term data growth, it is also a double-edged sword. The first quarter airdrop successfully brought Sonic over $1.1 billions in total value locked, but large-scale incentives also attracted short-term participants and caused selling pressure. In the future, Sonic will no longer mint additional airdrops; the remaining tokens will be used for airdrops, incentives, or burning, while re-evaluating the tokenomics model to ensure network activity creates value for long-term participants.

Curve DAO Rejects $6.2 Million Swiss Stake Grant Proposal

According to The Defiant, Curve DAO has rejected a governance proposal to grant 17.4 million CRV tokens (about $6.2 million) to Swiss Stake AG, the core development company of decentralized exchange Curve Finance.

The proposal, submitted by Curve Finance founder Michael Egorov, aimed to fund the Swiss Stake team he manages for software development, infrastructure, security work, and ecosystem support. Voting results showed 54.46% opposed the proposal, while 45.54% supported it.

Voting data shows that addresses related to Yearn Finance and Convex Finance accounted for nearly 90% of the opposing votes. Community members commented in the forum that the proposal raised concerns about centralization and questioned whether Curve's governance relies too heavily on a small group. Some members also suggested that Swiss Stake should better explain the use of past funds before approving new funding.

Hyper Foundation: HYPE Held by Relief Fund Officially Recognized as Burned

The Hyper Foundation stated on social media that the HYPE in the relief fund address has been officially recognized as burned. This governance vote was conducted based on staking weight, with 85% of stakers supporting the burn, 7% opposed, and 8% abstaining.

Polymarket Confirms User Accounts Hacked Due to Third-Party Authentication Vulnerability

According to The Block, crypto prediction market platform Polymarket confirmed on December 24 that multiple user accounts were hacked due to a security vulnerability in a third-party authentication provider. Affected users reported on social media that their funds were emptied even with two-factor authentication enabled. The issue appears to be related to the email login service provided by Magic Labs, a common registration method for many first-time crypto users.

Polymarket stated that the security issue has been resolved and there is currently no ongoing risk, but did not disclose the number of affected users or the amount lost.

Aave Founder Accused of Manipulating Governance Voting with Multi-Million Dollar Token Purchase

According to Cointelegraph, Aave founder Stani Kulechov recently sparked community controversy by purchasing $10 million worth of AAVE tokens. Critics pointed out that this move may be aimed at increasing his influence in key governance proposal votes. The current controversy centers on a proposal to reclaim control of the protocol's brand assets, which was allegedly rushed into the voting stage without sufficient discussion. Data shows that the top three voters in Aave DAO control over 58% of the voting power, raising concerns about the fairness of the governance mechanism.

Li Yihua: Trend Research to Prepare Another $1 Billion to Continue Increasing ETH Holdings

LD Capital founder Li Yihua stated on social media, "I announce that Trend Research will prepare another $1 billion to continue increasing our ETH holdings. We are consistent in word and deed, and strongly advise against shorting. There is no doubt this will be a historic opportunity."

Previously, it was reported that Trend Research, under Li Yihua, increased its holdings by 46,000 ETH today, worth about $137 million.

Metaplanet Board Approves Expansion of Bitcoin Purchase Plan

According to Dlnews, the board of Japanese company Metaplanet has approved multiple equity proposals to raise funds to achieve the goal of holding 210,000 bitcoin by the end of 2027. Based on the current bitcoin price (about $87,250 per coin), these bitcoins would be worth over $18 billion. The company will issue Class A and B shares with floating rates and quarterly dividends, while opening investment channels to overseas institutional investors.

Market Updates

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