Today’s Outlook
1、Techcrunch reported that World, the biometric identity verification project co-founded by Sam Altman, released the latest version of its application today, introducing several new features including integrated encrypted chat and expanded cryptocurrency send-and-request functions similar to Venmo.
2、The US CFTC issued no-action letters to Polymarket and three other prediction-market operators regarding data-rules issues; the US SEC allowed DTCC to custody and recognize tokenized stocks and other RWA assets on blockchain.
3、Cointelegraph reported that the New York Stock Exchange (NYSE) has become the sixth installation site of the Satoshi Nakamoto statue designed by artist Valentina Picozzi, forming a sharp contrast with the years when Wall Street viewed cryptocurrencies as taboo.
Macro & Hot Topics
1、Jin10: US initial jobless claims for the week ending December 6 came in at 236,000, the highest since the week of September 6, 2025. The estimate was 220,000, and the previous figure was revised from 191,000 to 192,000.
2、FxPro analyst Alex Kuptsikevich stated yesterday that since November 21, BTC has shown a pattern of gradually rising local highs and lows, but to confirm that the rebound marks the beginning of capitalized growth, total market capitalization must break above USD 3.32 trillion. The current global crypto market cap is about USD 3.16 trillion, up 2.5% from the beginning of this week but still below the earlier high of USD 3.21 trillion.
3、The Block: Following discussions between US senators and banking executives, “substantial progress” is being made toward passing a major cryptocurrency bill into law. The legislation aims to establish rules for the entire digital-asset industry and grant corresponding powers to regulators such as the SEC and CFTC.
Market Performance
1、Over the past 24 hours, total liquidations in the crypto market reached USD 375 million, including USD 226 million in long liquidations. BTC liquidations totaled USD 140 million, and ETH liquidations reached USD 110 million.
2、US stocks: Dow Jones +1.34%, S&P 500 +0.21%, Nasdaq Composite −0.25%. Nvidia (NVDA) −1.55%, Circle (CRCL) +0.18%, Strategy (MSTR) −0.73%.
3、The Bitget BTC/USDT liquidation map shows a large cluster of short leveraged positions above the current BTC price (around USD 92,000). If a breakout occurs, it may trigger further short squeezes; dense long-side liquidation zones below indicate significant long liquidation risks if the price falls to the USD 88,000–90,000 range.
4、In the past 24 hours, BTC spot inflows reached about USD 138 million, while outflows were about USD 197 million, resulting in net outflows of USD 59 million.
News Updates
1、Terraform Labs founder Do Kwon has been sentenced to 15 years in prison by a US judge.
2、A chart shared by analyst Eric Balchunas shows that by the end of 2025, the US market had 124 registered ETP applications related to cryptocurrencies, including:
1）21 Bitcoin-related products (18 based on 1940-Act derivatives structures)；2）followed by basket products (15), and major tokens such as XRP (10), Solana (9), and Ethereum (7)。
A total of 42 are spot applications under the 1933 Act, while the rest are derivatives or structured funds.
3、PANews, citing DL News, reported that in a revised paper released on December 5, Blockstream researchers Mikhail Kudinov and Jonas Nick explored multiple approaches to upgrading the Bitcoin blockchain to make it quantum-resistant.
Project Developments
1、Aptos (APT) unlocked around 11.31 million tokens at midnight today (UTC+8), representing 0.83% of circulating supply and valued at approximately USD 19.3 million.
2、Hex Trust plans to issue and custody a wrapped version of XRP, “wXRP,” to expand DeFi applications across multiple chains.
3、Glassnode: Ethereum spot ETFs show signs of recovery, with moderate inflows suggesting reduced redemption pressure.
4、JPMorgan created a Solana-based USCP token to support Galaxy Digital’s debt issuance.
5、Bitcoin mining difficulty decreased 0.74% to 148.20 T.
6、xAI and the government of El Salvador launched the world’s first nationwide AI education program.
7、Cross-chain protocol LI.FI completed a USD 29 million funding round led by Multicoin Capital and CoinFund.
8、Talus Foundation: The US airdrop claim portal is now open and will close on December 14.
9、PANews reported yesterday that Reserve Rights proposed burning about 30 billion RSR tokens.
10、According to SolanaFloor, since its buyback program began, Pump.fun has repurchased 13.8% of PUMP’s circulating supply.
Disclaimer: This report is generated by AI and manually verified for information purposes only. It does not constitute investment advice.
