BlockBeats news, on December 24, Jake Chervinsky, Chief Legal Officer of the crypto asset venture capital firm Variant Fund, stated on social media, "The debate regarding Tokens and equity has only just begun. Many crypto projects were born during the era of former SEC Chairman Gary Gensler, when strong regulatory pressure forced development companies to channel almost all value towards equity rather than Tokens. Now, the policy environment is changing, and new opportunities are emerging. It will take a lot of time and experimentation to figure out how Tokens and equity can (or cannot) work well together. This experimental period is starting right now. I don't have a specific stance on Aave's situation, I just want to emphasize one point: clarity is always the most important. Token holders must clearly understand what they actually own.

BlockBeats news, on December 23, Chinese encryption analyst Banmu Xia published an article stating, "As for Bitcoin, it is no longer a very good opportunity to go long. The medium term liquidity logic has also been weakened by the recent continuous ETF dumping. This is not the best opportunity to go long, which does not mean that there won't be a rise later; it just means the risks are increasing. During the adjustment phase, if the opportunity is not very high probability, there is no need to participate, just continue to observe the market's complex consolidation."

Foresight News reported that Cardano SPO Dave tweeted, "You know I don't like Solana, but I support interoperability. Solana should consider this proposal (bringing SOL into ADA), skipping the step of transferring through Base." Solana co-founder Toly replied, "Let's do it," Cardano founder Charles.

Gate 新闻机器人消息，巨鲸 0xa339 在过去 20 分钟内以 $2,970 的价格出售了 5,306 姨太 ($15.76M)，完全偿还了所有贷款。然后，这只巨鲸从 Aave 提取了剩余的 24,700 姨太 ($74.41M)。 根据Lookonchain，这只巨鲸在过去2天内以每个$2,869的价格出售了20,599姨太($59.1M)。

This article summarizes cryptocurrency news on December 22, 2025, focusing on the latest Bitcoin news, Ethereum upgrades, DOGE trends, real-time prices of Crypto Assets, and price predictions. Today's major events in the Web3 field include: 1. Bloomberg: Hong Kong plans to introduce new regulations for insurance companies' investments in crypto assets and infrastructure; 2. Gold and silver hit new highs, why hasn't Bitcoin followed suit? The crypto market may face a "lagging response period"; 3. Bridgewater founder Ray Dalio discusses Bitcoin again: scarcity does not equal Central Bank reserves, gold remains the preferred hard asset.

On December 22, gold and silver prices hit historical highs simultaneously, sparking widespread attention in the market regarding the trend of Crypto Assets. Data shows that Spot gold rose to $4,412 per ounce, while silver surged to $69.44, with annual increases of 67% and 138%, respectively. Against the backdrop of heightened risk aversion, a weakening dollar, and increased expectations of interest rate cuts, precious metals have become the main direction for global capital. In contrast to the strong performance of precious metals, the cryptocurrency market has reacted relatively slowly. The price of Bitcoin is currently maintained in the range of $86,000 to $89,000, down about 30% from previous highs. During periods of rising macro uncertainty, investors often prioritize traditional safe-haven assets like gold over more volatile digital assets.

Odaily Planet Daily reports that Gate founder Dr. Han mentioned proof of reserves (PoR) during a conversation with Wu on the Shuō Podcast, stating that the industry still has significant room for improvement in transparency. Dr. Han pointed out that when the industry reaches maturity, transparency becomes a competitive advantage; companies that refuse to disclose pricing are essentially avoiding scrutiny. He further emphasized that the true moat is not traffic, but whether one can withstand audits; if a company is afraid of being audited, then there's no point in talking about long-termism.

Perpetual contract trading platform Synthetix has rejoined the Ethereum mainnet. Founder Kain Warwick stated that Ethereum has resolved network congestion issues and can support high-frequency financial applications. He pointed out that in the past, Ethereum couldn't support perpetual contract DEXs, but now network scaling has made it the best choice.

Gate News 机器人消息，在市场疲软的情况下，加密货币市值下跌了5%，目前低于3万亿美元，年内下跌近30%。$BTC 的交易价格约为86,741美元，下降0.3%，而$ETH 跌破2,900美元，至2,835美元，下降3.9%。恐惧与贪婪指数(FGI)从17下降至极度恐惧。

Lighter founder Vladimir Novakovski stated in a podcast that token value management should be viewed as a marathon rather than a sprint. The team expects to start healthily and improve gradually, rather than experiencing a surge on the first day.

BlockBeats News, December 17 — Bloomberg Intelligence strategist Mike McGlone stated: "Bitcoin is facing downward pressure, and the price may fall back to around $10,000." Strategy founder Michael Saylor recently said at the Miami Economic Club event, "We buy Bitcoin with money we can't afford to lose." "I admire and respect Mr. Saylor; it was his arrival in 2020 (when Bitcoin was close to $10,000) that drove a tenfold increase in Bitcoin's price. But many of the things the market was expecting have already happened: the emergence of ETFs, recognition of Bitcoin's benefits by U.S. leaders, and broader mainstream acceptance. Today, the number of cryptocurrencies listed on CoinMarketCap has reached 28 million, whereas in 2009, there were only"

Mike Dudas commented on X about Circle's acquisition of Axelar, accusing it of manipulation, claiming that they "bought" Axelar's CEO and core intellectual property without paying consideration, emphasizing that this has nothing to do with tokens or equity.

After the Federal Reserve's expected 25 basis point rate cut, there was a noticeable shift in global capital flows. In addition to the rate cut, the Federal Reserve also announced it will repurchase approximately $40 billion of short-term government bonds (T-bills) each month, further lowering real interest rates and injecting liquidity into the market. From a policy perspective, this combination should be favorable for risk assets, but the market's actual reaction has shown clear divergence. The rate decision was largely in line with expectations, with 3 out of 10 members voting against. Federal Reserve Chairman Jerome Powell explicitly stated that there is still room for further rate cuts in 2026, after which the policy may enter a period of observation, with a renewed focus on inflation control. Against this backdrop, markets are re-evaluating the future monetary policy path, especially regarding the stance of the new dovish-leaning Federal Reserve Chair Kevin Hasset, whose previous hints that the number of future rate cuts could exceed three have, in the short term, increased market uncertainty.

The US SEC issues a "No-Action Letter" to DTCC, allowing it to custody and settle tokenized stocks, bonds, and treasuries on the blockchain, providing unprecedented market opportunities for decentralized exchanges (DEXs) to absorb upcoming tokenized liquidity. Nomina co-founder Austin King posted on X: "DTCC is custodying assets worth $99 trillion. Today, they received a no-action letter from the U.S. Securities and Exchange Commission (SEC) regarding their stock tokenization and ETF. I don't know why, but I haven't seen anyone discuss the obvious overlap with decentralized exchanges (DEXs). A key point that is often overlooked is that DTCC itself is not an exchange. It is a custodian. What does that mean?"

Author of The Big Short and well-known investor Michael Burry recently issued a strong warning regarding the Federal Reserve's plan to purchase $40 billion worth of T-bills within a month. He believes that this move exposes the structural fragility of the U.S. banking system rather than stability as perceived by the outside world. At the same time, this policy direction could create new downward pressure on Bitcoin (BTC) and the broader crypto market. Federal Reserve Chairman Powell stated that this bond purchase is a "reserve management operation" and not quantitative easing (QE). However, Burry pointed out that the Fed has continued to expand its balance sheet while the banking system is under pressure, indicating that the market still struggles to move away from liquidity support. He emphasized that bank reserves have now exceeded $3 trillion, far above the $2.2 trillion level before the 2023 regional banking crisis. He warned that if the banking system must rely on such a large "lifeline" of liquidity, it is not strong but fragile.

Golden财经 reports that Adam analyzes that the Federal Reserve's interest rate cuts and the restart of T-bills purchases help liquidity, but the crypto market's liquidity is poor, limiting the momentum to restart the bull market. Currently, BTC and ETH options data show that market sentiment is subdued, with an overall clear bearish trend. Investors should pay attention to the possibility of sudden positive market news.

ChainCatcher 消息，美联储主席鲍威尔在发布会上表示，他认为目前没有人会把加息作为基本预期。“有些人认为我们应该就此止步，静观其变。一些人认为我们应该再降息一次或更多次。”

Andrew Tate recently posted on social platforms, questioning MicroStrategy's purchase of about 10,000 Bitcoins but failing to drive the price up, a statement that quickly sparked heated discussions in the Bitcoin community. Despite the staggering size of this nearly $1 billion purchase, the Bitcoin price remained in the $88,000 to $92,000 range before and after the announcement, with little market reaction. The discussion focused on a key question: Why didn't such a huge buying order drive spot prices? Industry insiders pointed out that the core reason is that micro strategies usually do not execute buy orders through the open market, but rely on over-the-counter (OTC) to complete large orders. OTC platforms privately match buyers and sellers to complete huge transactions off-chain, avoiding impact on the order book and leaving no traces on the price chart.

Former derivatives protocol Aevo co-founder Ken Chan's "exit manifesto" quickly swept the Asian crypto circle this week. He posted a long post on X saying that he had "wasted eight years" in the crypto industry and bluntly stated that "I am not building a new financial system, I am just building a casino." This remark has sparked widespread resonance and controversy in the Chinese and South Korean communities, with millions of views. Chan's post is not only a professional reflection but also a collapse of personal ideology. He claimed to have been influenced by libertarianism and was enamored with the revolutionary idea of Bitcoin "crossing the border with a billion dollars." However, eight years of industry experience completely disillusioned him. He criticized the Layer 1 capital war for "burning everyone's money", and projects such as Aptos, Sui, Sei, and ICP did not bring real financial innovation, but only "competed to become the next Solana". His conclusion is sharp: "We don't need to build a Mars casino. ”

Cosine pointed out that Zcash's "optional privacy" design makes it more acceptable in terms of regulation compared to Monero. Most of the addresses used on mainstream platforms are transparent and traceable t-addresses. He believes that Zcash has a better balance between privacy and regulation, and may have more room for development in the future.

Antalpha announced today that its XAU₮ physical gold redemption service is now available in Hong Kong, offering customers next-day delivery. In partnership with LBMA member Malca-Amit, secure gold storage is ensured, and starting from December 12, redemption services for institutional clients are available for amounts over 2 kilograms.

Over the past year, the U.S. Treasury issued a record $25.4 trillion in T-Bills, bringing the total issuance to $36.6 trillion, with T-Bills accounting for 69.4%. The government is financing long-term debt through short-term debt, causing interest expenses to move in sync with the Federal Reserve's policy rate, which could exacerbate the U.S. debt crisis.

Odaily Planet Daily news: BitMine Immersion Technologies, Inc. announced on December 8, 2025, that the company's total holdings of crypto assets, cash, and "moonshot" investments reached $13.2 billion. As of 4:00 PM ET on December 7, the company's crypto asset holdings included 3,864,951 ETH (valued at $3,139 each), 193 BTC, and $36 million in shares of Eightco Holdings (NASDAQ: ORBS), as well as $1 billion in cash. The company's ETH holdings now exceed 3.2% of the total ETH token supply, with a target to accumulate 5%. The company's chairman T

Gate News bot message, Kalshi has secured the top position in prediction market trading volume during November's final week, recording $1.21 billion in transactions. The trading platform outperformed its competitors, with Opinion registering $1.09 billion and Polymarket reaching $1.08 billion in t

Uniswap founder Hayden Adams publicly criticized Citadel Securities for urging the U.S. Securities and Exchange Commission (SEC) to treat decentralized finance (DeFi) protocols and their developers as traditional intermediaries. He posted on X, pointing out that Citadel is trying to get the SEC to regulate open-source, permissionless DeFi in the same way as Wall Street, which has sparked strong concern within the crypto industry. The controversy stems from a lengthy comment letter Citadel submitted to the SEC regarding tokenized stocks and DeFi trading venues. In the document, Citadel claims that many protocols labeled as “decentralized” actually facilitate the matching of buyers and sellers in a coordinated manner, thus meeting the legal definition of an exchange or broker, and should not be exempt simply because they use smart contracts or blockchain technology.

Gate News bot message, the high-stakes BTC trading battle between two traders has reached a conclusion. Trader 0x4321 closed their BTC short position, resulting in a $3.2 million loss. The position was initially opened with 447.38 BTC ($38.67M) at $86,373.6 with 20x leverage. On the other side, t

Golden Finance reports, U.S. President Trump: I get along very well with Elon (Musk). (When asked about Musk-related questions) I just don't want only electric cars.

Gate News bot message, A significant cryptocurrency transaction has been recorded where a crypto whale made their first deposit of $1.01 million USDC into HyperLiquid. The investor proceeded to establish a long position on HOOD tokens with 10x leverage. Reports indicate the position size continues t

Foresight News reports that analyst Willy Woo tweeted, "Don't assume that M2 (Broad Money Supply) growth will necessarily drive Bitcoin pump. At the end of the cycle, it is Bitcoin that leads the M2 trend. My personal view is that, based on the model of capital inflows and outflows in the Bitcoin and Crypto Assets space, we have likely reached a peak."

Odaily News Elon Musk stated in an interview today that he does not make investments or pick stocks himself, but based on trends, the true drivers of value creation in the future will be artificial intelligence, Bots, and aerospace. Companies like Google and Nvidia, which have already established a solid technical foundation in the AI field, will occupy almost all of the value in the future, as the output of goods and services brought by AI and Bots will far exceed that of other industries. Musk also mentioned that AI and Bots will lead to severe deflation, possibly within three years. (Wall Street Journal)

Gate News Bot message, December 01, according to CoinMarketCap data, as of the time of writing, TNSR (Tensor) is currently priced at $0.14, a rise of 25.20% within 24 hours, with a high of $0.18 and a low of $0.11. The 24-hour volume reached $266 million. The current market capitalization is approximately $66.3 million, an increase of $13.3 million compared to yesterday. Important news about TNSR recently: 1️⃣ **Tensor Foundation Strategic Acquisition Strengthens Ecosystem** The Tensor Foundation has acquired Tensor Marketplace and the Tensorians NFT series, aiming to enhance the integrity of the Tensor ecosystem. The new management has implemented a series of measures, including allocating all transaction fees of the trading platform to T

Golden Finance reports that the Bank for International Settlements (BIS) has released a brief stating that there is a liquidity mismatch risk between daily redemptions and T+1 settlements for tokenized money market funds (MMFs), which is particularly pronounced under market stress. However, solutions are already emerging in the industry, such as Broadridge's DLR system, which enables the intraday transfer and monetization of government bonds, providing a technical path to alleviate liquidity mismatches.

BlockBeats reported that on November 27, the renowned economist Nouriel Roubini has carried the nickname "Dr. Doom" for nearly two decades. This economist believes that after a brief period of cooling growth, a strong rebound driven by technology and capital expenditure will follow, allowing the U.S. to maintain its leading position in the world. He pointed out that, first, market discipline, rational advisors, and the independence of the Fed protected the worst policies after the "Day of Liberation." Due to a rapid and substantial adjustment in the market, Trump had to concede and negotiate a more reasonable trade protocol. The current popular view—that the U.S. stock market is in a massive bubble destined to burst—is incorrect in the medium term. Roubini noted that increased GDP growth may lead to rising real bond yields, but a massive positive total supply shock driven by technology could.

PANews, November 27, reported by Cryptopolitan, the latest report from the Bank for International Settlements (BIS) indicates that the total assets of tokenized money market funds have surged from $770 million at the end of 2023 to nearly $9 billion, becoming a key source of collateral in the crypto ecosystem. The agency warns that while such assets have the "flexibility of stablecoins," they also bring substantial operational and liquidity risks. The BIS identifies liquidity mismatch as a major risk of tokenized money market funds. It points out that while investors can redeem tokenized fund shares on a daily basis, the underlying assets still adhere to the traditional T+1 settlement mechanism. During periods of market pressure, concentrated redemption demands will expose this structural risk. Subsequently, the organization noted that the market is still in its early stages of development, and solutions are continuously being improved, such as the distributed ledger repurchase (DLR) launched by financial technology company Broadridge.

According to ChainCatcher news, CloverPool data shows that Bitcoin Mining Difficulty underwent a Difficulty Retargeting at 09:16 at Block Height 925,344, with a reduction of 1.95% to 149.3 T.

ChainCatcher news, financial technology company Revolut Ltd. has reached a valuation of $75 billion in its latest round of stock sales, a significant rise from last year's $45 billion. This financing round was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from Nvidia's venture capital arm NVentures, Andreessen Horowitz, Franklin Templeton, and accounts managed by T. Rowe Price. Revolut offers services such as checking and savings accounts, international remittances, Crypto Assets, and stock trading.

According to Bloomberg, Revolut Ltd. is valued at $75 billion in its latest round of stock issuance, a significant rise from last year's valuation of $45 billion. This round of financing was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company. The venture capital arm of Nvidia, NVentures, Andreessen Horowitz (a16z), Franklin Templeton, and accounts under T. Rowe Price also participated in this round of financing.

BlockBeats news, on November 24, well-known investor Duan Yongping stated during his interaction with netizens this weekend that he does not think Nvidia is a bubble and will continue to sell put options (indicating his belief that Nvidia will not experience a big dump in the long term and is willing to continuously collect option premiums). Earlier this month, when Duan Yongping discussed why he invested in Nvidia, he mentioned that AI is something that must be involved at least a bit, so as not to miss out, and he greatly admires Jen-Hsun Huang, who has been working towards the product direction he promised more than a decade ago.

Banking giant JPMorgan suddenly closed the bank account of Strike CEO Jack Mallers in September, raising concerns again about the "de-platforming" practices of banks against Crypto Assets executives. "Last month, JPMorgan kicked me out of the bank," the CEO of the Bitcoin payment-focused company wrote on Twitter last Sunday. "This is so strange. My father was a private client there for over 30 years. Every time I asked them the reason, their answer was the same: 'We can't tell you.'"

Gate News bot message, Forward Industries has transferred 1.727 million SOL tokens (valued at $219.32 million) to wallet address 552ptg. According to the transaction records, Forward Industries had initially acquired 6,834,506 SOL tokens for $868 million, with an average purchase price of $232.08. T