Arbitrum stated that 2025 is seen as a key turning point for Blockchain infrastructure, where institutional finance officially transitions from proof of concept to a stage of large-scale implementation. Tokenization of assets, RWA, and DeFi are no longer at the experimental level but are gradually integrating into the real financial system. In this process, Arbitrum is becoming the core hub connecting TradFi and on-chain finance. As the willingness of institutional capital allocation significantly increases, Arbitrum continues to gain favor from mainstream financial institutions. From supporting large global retail trading platforms to facilitating the tokenization of funds for leading asset management companies, Arbitrum has become the preferred Ethereum Layer2 network for institutional deployment. In 2025, Robinhood launched tokenized stocks and ETFs on Arbitrum, while institutions such as Franklin Templeton, WisdomTree, BlackRock, and Spiko continue to issue RWA products on this network, driving institutional-level blockchain applications into the practical stage.

BlockBeats news, on December 23, Lighter announced on Discord that "we have entered the final stage of the second season point activity, and we are currently conducting data analysis to remove witch addresses, self-trading, and points obtained from wash trading exchanges. All points that are reduced (including those that have already been removed) will be redistributed to the community."

Against the backdrop of sharp short-term fluctuations in Bitcoin prices, Litecoin (LTC) has recently performed noticeably weaker. On December 18, Bitcoin briefly rebounded to $89,500 before quickly falling back to around $84,500, causing market sentiment to turn cold. As a result, Litecoin dropped approximately 7.5% within just 5 hours, hitting a low of $72.64, marking a new stage low. Currently, the price has rebounded above $75, but the overall trend remains under pressure. From a medium-term perspective, Litecoin has lost the key long-term support zone of $80–$84. Previously, the market generally regarded this range as a bullish defense line, but over the past two weeks, buying momentum has continued to weaken, and the bulls have failed to effectively hold their position. Even with Litecoin being included in the Bitwise 10 Largest Cryptocurrency Index ETF (BITW), it has not reversed its downward trend, indicating that market confidence remains insufficient.

Real Vision founder and well-known macro investor Raoul Pal recently stated that the recent sharp rise in privacy cryptocurrency Zcash is more likely due to capital rotation in the market rather than a confirmed structural bull market. He emphasized that caution and observation are still necessary at this stage. Pal pointed out in the podcast "When Shift Happens" that determining whether Zcash has truly entered a long-term upward trend depends on whether the overall market is strengthening and maintaining the trend, not just quick shifts of funds between different sectors. "Only when the overall market continues to rise, rather than just rotating, can we confirm the trend is established," he said. Data shows that Zcash has had an astonishing increase this year. According to CoinMarketCap data, Zcash is currently priced at approximately $385, with a cumulative increase of over 690% since the beginning of the year. However, in the past month, its price has experienced a significant correction, with a decline of about 37% over 30 days, indicating that upward momentum has weakened.

Important progress has been made in the United States on cryptocurrency regulation legislation. David Sacks, the White House's Director of Artificial Intelligence and Cryptocurrency Affairs, recently stated that the highly anticipated Digital Asset Market Clarity Act has been scheduled to enter the formal review stage in the Senate in January next year. This statement is seen as an important signal for the United States to establish a clear regulatory framework for the cryptocurrency market. Sacks revealed on social platform X that he has communicated with Senate Banking Committee Chairman Tim Scott and Senate Agriculture Committee Chairman John Boozman. Both key legislators confirmed that the bill will be submitted to the relevant committees for review in January. Sacks emphasized that the milestone cryptocurrency legislation, promoted by President Trump, is now "closer than ever" to passing.

The European Central Bank recently stated that the technical and institutional preparations for the digital euro are essentially complete. Whether to launch it officially is no longer a technical issue but has entered the stage of political and legislative decision-making. Currently, the project is under review by the European Council and the European Parliament, with the final decision-making authority transferred to the EU legislative bodies. European Central Bank President Christine Lagarde pointed out in a recent statement that the central bank has completed all preliminary design and system construction work, including the operational framework and risk control mechanisms. "The next step will be for the European Council and the European Parliament to decide whether to adopt the European Commission's proposal and whether it needs to be amended and transformed into formal legislation." She emphasized that the digital euro is technically "ready to launch at any time."

Wall Street investment bank Cantor Fitzgerald recently released a 62-page in-depth research report, providing a rare high-level valuation analysis of the decentralized perpetual contract platform Hyperliquid. The report predicts that the HYPE token could reach a potential market cap of $200 billion within the next 10 years. This forecast quickly attracted market attention and is seen as an important signal that traditional financial institutions are re-evaluating DeFi infrastructure. Cantor Fitzgerald's valuation logic is based on a "exchange-level" business model, rather than traditional speculative crypto narratives. The report assumes that Hyperliquid can achieve approximately $5 billion in annual revenue at a mature stage and applies a 50x price-to-earnings ratio, deriving a long-term valuation target of $200 billion. Analysts explicitly state that Hyperliquid is closer to an on-chain version of a global derivatives exchange rather than an ordinary DeFi protocol.

Asset management firm Grayscale stated in its latest report, "2026 Digital Asset Outlook: The Dawn of the Institutional Era," that under the continued macroeconomic pressures and clarifying regulatory environment, the cryptocurrency market is accelerating into the "Institutional Era" and may sustain a long-term structural bull market. Grayscale believes that the traditional four-year crypto cycle driven by Bitcoin halving is gradually weakening, replaced by more stable institutional capital inflows and a deeper integration of digital assets with the traditional financial system. This shift signifies that the crypto market is transitioning from a highly speculative phase to a mature stage focused on asset allocation and financial infrastructure.

The discussion about quantum computing potentially causing a collapse of the Bitcoin market has recently heated up again. In response, Blockstream CEO and renowned cryptographer Adam Back explicitly stated that the current level of quantum computing development is far from enough to threaten the Bitcoin network, let alone trigger a systemic collapse at the price level. Adam Back refuted an extreme opinion article that claimed quantum computers could cause Bitcoin's price to plummet 99% from approximately $87,000. Back pointed out that such a scenario is only possible if quantum computers can massively break Bitcoin wallet private keys and attack the entire network consensus mechanism, but the reality is still very far from reaching this stage.

ChainCatcher Message: According to the latest on-chain data, the perpetual contracts (Perp DEX) with an order book model launched by the integrated all-in-one liquidity hub Honeypot Finance has surpassed a total trading volume of 20 million USD since its launch. This marks the platform's transition from a single trading product to a new stage of "Integrated Liquidity Hub" with multi-module collaboration. Meanwhile, the total trading volume across the Honeypot Finance platform has exceeded 100 million USD, including over 89 million USD in spot trading volume, approximately 51,000 active users, and a total of 1.7 million trading transactions. In terms of product planning, Honeypot Finance plans to launch a based in the first quarter of 2026.

After a phase of sell-off, the cryptocurrency market may enter a key window for stabilization and rebound in the short term. Although the Federal Reserve implemented a rate cut last week, market sentiment remains cautious, with traders closely monitoring macroeconomic data and central bank policy signals, including US CPI inflation data, initial jobless claims, and the Bank of Japan's interest rate decision. On Monday morning, the total market capitalization of cryptocurrencies slightly declined to approximately $3.13 trillion, a daily decrease of about 1.5%. However, overall trading activity has not significantly decreased, with the 24-hour total trading volume still around $90.9 billion, indicating that funds have not been withdrawn from the market on a large scale. Bitcoin's price hovers around $89,000, down about 1% intraday, while Ethereum shows relative resilience, with a decline of less than 1%. The market structure exhibits characteristics of “converging declines and stable trading volume.” In terms of sentiment indicators, the crypto market fear and greed index dropped to 16, entering the “extreme fear” zone, reflecting that short-term risk appetite remains subdued. However, this level is still better than the extreme emotional stage of last month.

Odaily Planet Daily reports that the Bank of Japan will hold a monetary policy meeting on December 18-19, during which it will raise the current policy interest rate from 0.5%. The meeting is now in the final coordination stage. The most likely plan is to increase the rate by 25 basis points to 0.75%, reaching the highest level in 30 years since 1995. BOJ Governor Haruhiko Kuroda and other senior officials have hinted at the possibility of submitting a rate hike proposal. Surveys show that among the nine policy members, including the governor and deputy governors, more than half are expected to support the rate increase. Currently, no policy member has explicitly opposed the hike, and the Japanese government generally supports the rate increase. The BOJ will make a final decision after assessing whether market chaos such as a stock market crash or a sharp yen appreciation might occur. If the rate hike is implemented on Friday, it will be the first time in 11 months since January 2025 that the BOJ has raised rates.

Recently, risk appetite in the crypto market has warmed up, and the rotation of funds between Bitcoin and Ethereum has accelerated significantly. Ethereum (ETH) failed to break through the $3400 level a few days ago and retreated to a stage low of $3045, then showed signs of stabilization. As of press time, ETH is at $3118, with a slight rebound on the daily chart and a weekly increase of about 2.5%, with some funds beginning to accumulate on dips during the pullback. On-chain data shows that funds are shifting from Bitcoin to Ethereum. Since July, the inflow of funds into Bitcoin has dropped sharply from a high of approximately $62 billion to about $4 billion, reflecting a change in investor risk appetite. Against this backdrop, Ethereum has become the main beneficiary, especially favored by whale funds.

Odaily Planet Daily reports that HaLLu has announced it has reached in-depth cooperation with 4 strategic partners. The four parties will collaborate comprehensively on ecosystem construction, liquidity support, technology refinement, and community operation to accelerate the project's progress. Additionally, HaLLu stated that the IDO is in the final sprint stage; the new charter and the next phase roadmap will also be announced soon.

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.

In Q4 2025, the pace at which companies are purchasing Bitcoin (BTC) has significantly slowed, with 65% of listed companies currently holding Bitcoin at a price below their cost basis, resulting in unrealized losses. Against the backdrop of more cautious corporate fund management, Bitcoin miners are gradually becoming the most stable accumulation force in the public market, laying the foundation for corporate adoption in the next stage. Entering November, Bitcoin's price recorded the largest monthly decline of the year, dropping 17.67%, causing many corporate investors who built positions during 2025 to incur losses. According to the latest Bitcoin Treasuries report, more than two-thirds of the 100 listed companies in the sample are holding positions with unrealized losses, leading to a cooling market demand.

PANews December 12 News, according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) granted permission in the form of a no-action letter to the Depository Trust & Clearing Corporation (DTCC), allowing the company to custody and recognize tokenized stocks and other real-world assets (RWA) on the blockchain. This move enables DTCC to provide three years of tokenization services on a pre-approved blockchain. SEC Commissioner Hester Peirce stated in a release, "Although the project is still in the pilot stage and subject to various operational restrictions, it marks a significant step forward in the market’s transition onto the chain." Michael Winnike, head of Global Strategy and Market Solutions for DTCC’s Clearing and Securities Services, said in an interview that after obtaining permission, DTCC will also extend its record-keeping work to the blockchain. DTCC, as the core clearinghouse of the US financial system

Odaily Planet Daily reports that Swedish fintech company Klarna announced it is collaborating with Stripe's wallet infrastructure platform Privy to jointly develop a crypto wallet aimed at mainstream users. Klarna stated that the wallet is still in the exploratory stage, and the final product launch will depend on regulatory approval. (The Block)

Pi Network today officially launched the mainnet migration option within the app, attracting widespread attention from the global community. Users have noticed the new toggle switch has appeared, signaling that the project is taking another significant step toward full mainnet deployment. According to the core team's previous plan, mainnet features will be gradually rolled out from late 2025 to early 2026. This update aligns perfectly with the roadmap and is seen as an important signal that the ecosystem is moving from the preparation phase into the execution phase. The launch of the mainnet migration feature follows Pi Network's major technological breakthrough in the KYC system. Starting from late 2025, the team introduced a new AI review model, greatly improving user identity verification efficiency. According to user feedback, the previously frustrating long queues for verification have been significantly improved, with approval cycles shortened to 3 to 14 days. The new AI model not only enhances document recognition accuracy but also addresses delays in manual review stages, reducing backlog by nearly half and paving the way for large-scale mainnet migration.

Bitcoin briefly broke through $94,500 amid a significant boost from the Federal Reserve, but the subsequent market correction quickly reversed the gains. On Wednesday evening, the Federal Reserve announced a new bond purchase plan and drastically cut interest rates, triggering a widespread rise in risk assets, with Bitcoin moving upward in sync. However, due to pressure on tech stocks, Oracle's sharp decline drove the Nasdaq 100 index to an eight-day low, and Bitcoin also retreated to around $90,000. Current market sentiment is at a critical testing stage. Data shows that the total market capitalization of cryptocurrencies has experienced volatility over the past three weeks, shifting from a moderate upward trend to sideways movement, and has retraced to the $3.08 trillion range. If Bitcoin falls below $88,000, it will end its short-term upward trend since November 21 and could trigger even stronger bearish sentiment.

BlockBeats News, December 11th, according to polybeats monitoring, the decentralized order book perpetual contract trading platform Lighter is in the critical countdown stage before TGE and airdrop. Since the second half of this year, Lighter and its CEO have repeatedly hinted on social media that significant events will occur by the end of the year, including announcing that the second quarter incentive program will end before year-end, and the CEO shouting "The holidays will be lit this year." The community interprets this as a clear signal of TGE and airdrop, which also supports the prediction market "Will Lighter airdrop before December 31?" established since June. Even with only three weeks remaining until the deadline, its probability remains steadily at 77%.

PANews December 10 News, former Lyft executive Kenan Saleh announced that he has joined venture capital firm a16z as an early-stage investment partner, focusing on its Speedrun program, providing $1 million in seed funding for startups and helping with expansion. Kenan previously worked at Lyft, during which he had extensive collaboration with a16z, and also thanked his previous employer Bain Capital.

November could be a key turning point for the NFT market. The latest data shows that NFT sales fell to $320 million last month, the lowest level since 2025, with hundreds of millions of dollars in market value evaporated and overall demand in the industry continuing to shrink. Although NFT reached a double peak of culture and market in 2021, it is difficult to reproduce the market popularity today. According to CryptoSlam data, total NFT sales in November almost halved, down sharply from $629 million in October and close to a low of $312 million in September. The brief recovery in the previous autumn was completely smoothed out, and the market fell into a deep downturn again. The weak trend continued in December, with CoinMarketCap showing just $62 million in sales in the first seven days of December, the slowest weekly performance of the year.

MANTRA has officially launched the OM token migration process in preparation for the upcoming network upgrade in mid-January. According to the project's latest announcement, OM holders need to migrate their tokens from the Osmosis network to the MANTRA mainnet to receive the full 4:1 token split rewards after the upgrade. This migration is regarded as a key step in MANTRA's network expansion and performance upgrade, and it is also an important link in the ecosystem to move towards a new stage. To facilitate the migration, MANTRA has suspended the trading and circulation of OM on Osmosis to ensure smooth subsequent mapping, settlement, and splitting processes. Users need to transfer their tokens to the mainnet address by themselves, and holders who fail to complete the migration before the upgrade may not receive the full allocation. This means that active migration becomes necessary for all OM holders to protect their rights.

ZCash (ZEC) exploded strongly after its launch on an exchange on December 3, rising 30.8% in a short period of time, rising from $312.8 to $409.2, successfully breaking through the psychological mark of $400. The market generally believes that this wave of rise is driven by "synergy", but for traders, the profit margins from volatility are the key. According to the latest analysis, $360 is seen as a significant support level, which has now been successfully held, setting the stage for further gains. With $400 breached, ZEC's next key target is $480, and the technical structure is gradually moving in this direction.

At the recent Bitcoin MENA conference, Michael Saylor made it clear that Strategy (MSTR) will not issue perpetual preferred stock (“digital credit”) in Japan within the next 12 months, stating that the “12-month head start” will be left to Japanese listed company Metaplanet. This move has drawn more attention to Metaplanet’s strategy in the Japanese perpetual preferred stock market, which has long been inactive, with only five companies in all of Japan currently qualified to trade perpetual preferred stock. Metaplanet CEO Simon Groverich pointed out that the company plans to enter this market with two new products, “Mercury” and “Mars,” becoming the sixth and seventh companies in Japan to issue perpetual preferred stock. Among them, Mercury is positioned as the Japanese version of Strategy STRK, with an annualized yield of 4.9%, denominated in yen and convertible, which is much higher than the generally less than 0.5% yield of Japanese bank deposits and money market funds. Mercury is currently in the pre-IPO stage, with the goal of listing in early 2026. The second product, Mars, models Strategy’s short-term high-yield credit product STRC, targeting investors seeking short-term returns.

The Bitcoin market in 2025 is exhibiting an unprecedented "dual strategy" pattern: ETFs bring institutional liquidity, while self-custody upholds the decentralized spirit of Bitcoin. Industry analysts generally believe that this coexistence model is becoming the new mainstream trend, driving Bitcoin toward a more mature and structurally robust stage of development. As Wall Street continues to expand the absorption capacity of spot Bitcoin ETFs, monthly capital inflows during 2024 to 2025 have repeatedly reached $4 billion to $6 billion, pushing the total asset size to approximately $140 billion by July 2025. ETFs have become the primary avenue for institutions to enter Bitcoin, offering strong liquidity, regulatory protection, and eligibility for retirement accounts, quickly making them the first choice for traditional financial investors.

MegaETH announced that its mainnet beta "Frontier" will open next week, marking the project's entry into the final development stage. The testing period is expected to last one month, focusing on real-time execution features, aiming to simulate the mainnet environment and optimize performance, with the official mainnet launch expected in January 2026.

Odaily Planet Daily news: Yearn Finance has released a detailed post-mortem report on last week's yETH vulnerability attack, revealing that a three-stage numerical error existed in its legacy stableswap liquidity pool. This error allowed attackers to "mint unlimited" LP tokens and steal approximately $9 million worth of assets from the pool. Yearn confirmed that, with the assistance of the Plume and Dinero teams, it successfully recovered 857.49 pxETH, accounting for about a quarter of the stolen assets. The team plans to distribute the recovered funds proportionally to yETH depositors. The decentralized finance protocol stated that the vulnerability attack occurred at block 23,914,086 on November 30, 2025, during which the attacker used a complex sequence of operations to force the internal parser of the liquidity pool...

A federal district judge in New York has recently ruled that OpenAI must hand over approximately 20 million anonymized ChatGPT user logs to The New York Times and other plaintiffs, marking a significant development in the closely watched AI copyright lawsuit. The order rejects OpenAI's attempt to limit the scope of discovery and emphasizes that these logs are crucial for assessing whether ChatGPT has reproduced copyrighted content. The New York Times sued OpenAI in December 2023, alleging unauthorized use of news content to train its models, while OpenAI countersued in January this year, claiming the media outlet "did not tell the whole truth." This ruling further intensifies the conflict between the two parties over copyright, data governance, and the legality of AI training data.

ChainCatcher news: At the recent "Integration, Growth, and New Cycle" themed forum hosted by RootData in Dubai, Klickl Group founder Michael Zhao and Klickl International CEO Dermot Mayes delivered keynote speeches. They systematically elaborated Klickl's in-depth insights on the future evolution of the global financial system and proposed their overall vision for an "Operating System for Future Money," providing a framework for the next stage of digital financial infrastructure development. Michael Zhao pointed out that the core contradiction of today's global financial system has shifted from issues of local efficiency to structural imbalances. Traditional financial infrastructure is centered on...

Gate News bot message, BlackRock's $2 billion iShares Bitcoin ETF could potentially expand into Bitcoin lending activities, according to Bloomberg's latest report. The lending initiative remains at an exploratory stage and has not been formalized. The company has submitted its plans to the Securiti

The current pullback in the crypto market is mainly influenced by the concentrated clearing events in October and a tightening macro environment, with low liquidity and leverage issues exacerbating uncertainty. The market lacks new capital inflows, and the rebound in the secondary market is weak. Future influencing factors include interest rate policies and on-chain economic activities, with investors following the Bitcoin range of $100,000—$110,000. If there is no excessive leverage or large outflows, a reversal may be seen.

Golden Finance reported that the Perptual Futures DEX Aster has published an update on the Airdrop schedule details for Stage 3 on the X platform, which reveals that the S3 Airdrop checker is set to open at 12:00 UTC on December 1 (20:00 Beijing time), and the token claiming period for the Airdrop will be from 12:00 UTC on December 15, 2025 (20:00 Beijing time) to 12:00 UTC on January 15, 2026 (20:00 Beijing time).

PANews, November 29, reports from Jin10 that Mario Götze, a key football player in the German World Cup, is 33 years old this year, an age when players typically start to consider life after their professional sports careers. However, Götze has been preparing for this for several years, having built a strong personal investment portfolio that will continue to grow after the end of his first career. About seven years ago, his first venture capital deal involved a startup that was spun off from Dortmund University. Götze's investment vehicle, Companion-M, focuses on early-stage startups in fields such as software, healthcare, cybersecurity, and biotechnology. Götze and a small advisory team typically evaluate around 100 potential deals each month and make one or two angel investments in companies entering the seed or pre-seed stage. Götze has stated that he is also open to investing in private credit and is considering adding one or two more investments before the end of the year.

Golden Finance reports that Raoul Pal, co-founder and CEO of RealVision, stated that Bitcoin is in its "2017 Google" phase. He believes that BTC and ETH are still in the early adoption stage, and their value mainly comes from the accelerating network effects.

Odaily News 10x Research pointed out that most investors currently still view the market as a "price game," but the underlying structural changes of Web3 are profoundly reshaping asset pricing logic. The report states that the emerging Layer1 ecosystem is for the first time presenting a quantifiable relationship between "user activity and long-term value," while deflationary mechanisms and ongoing ecological incentives are also redefining the yield structure of encryption assets. 10x Research believes that the market may be transitioning from a purely speculative cycle to a stage driven by fundamentals and network growth, proposing two potential yield paths: a 35% rise potential or a 79% rise potential, depending on how investors choose to position themselves. The team stated that this could be "one of the most undervalued structural opportunities in the current cycle."

Entrée Capital announced the raising of a new fund of $300 million, focusing on early-stage investments, with total assets reaching $1.5 billion. The funds will be used for pre-seed, seed, and Series A projects in Israel, the UK, Europe, and the US, focusing on areas such as artificial intelligence, Depth technology, software, and Crypto Assets.

According to BlockBeats news on November 27, the latest research released by the Fed shows that the top 100 banks in the United States and 100 non-bank financial institutions (NBFIs) have a high concentration risk at the "third-party service provider" level. If key cloud, payment, or core IT service providers experience a failure, it will quickly evolve into a cross-market systemic event. The model indicates that in extreme scenarios, the tail losses caused by systemic incidents could far exceed normal operational risks, with operational disruptions becoming the main source of loss rather than traditional credit events. From a macro-financial perspective, this study quantitatively confirms for the first time that "digital infrastructure failure" itself can trigger a financial crisis, rather than being merely an accompanying risk. When critical third-party nodes fail, it will simultaneously impact payment clearing, liquidity allocation, credit transmission, and risk hedging mechanisms, rapidly increasing the value of the dollar in the short term.

Odaily News Aztec announced on the X platform that its Token AZTEC public sale has not yet started, and 2000 ETH has been invested in the pre-bidding stage. The public sale will take place on December 2.

According to a report by Newspim on Wednesday, KakaoBank, a digital bank under the leading IT company Kakao in South Korea, has advanced its stablecoin plan pegged to the Korean won to the actual development stage. KakaoBank's official website also published information on recruiting backend developers for blockchain services, indicating this progress. The main requirements include proficiency in smart contracts, knowledge of token standards, and experience in trading management and Full Node operations. KakaoBank's Chief Financial Officer Kwon Tae-hoon stated in the performance report for the first half of 2025 released in August that the bank is evaluating various options for participating in digital finance, such as issuing or custodizing digital assets.

BlockBeats news, on November 25, although Trump will not appear on the ballot for next November's midterm elections, he is fully committed with a do-or-die attitude because this election is crucial to his presidential term and political life. According to nine Republican strategists involved in the election, he is calling candidates, endorsing them early, formulating strategies, and pushing economic messages in an attempt to keep Congress in Republican hands. "Presidents usually start acting late in the campaign," said Bill Galston, a former senior advisor in the White House under Democratic President Bill Clinton, "Such engagement at this stage is extremely rare." Six Republican insiders told Reuters that Trump wants party candidates to use his tax cut plan as the campaign theme. The plan was introduced in July by the Republicans.

The Crypto Assets field is heating up again, and Pi coin has become the focus of discussion. Soroban continues to play a more important role in the backend development of the Pi Network. The platform adopts a Rust and WebAssembly architecture, supporting smart contracts to achieve scalable and cost-effective smart contracts. The community links this new contract snippet to the previous upgrades of Pi, such as parallel running capabilities, more powerful Oracle Machines, and the Testnet trials of smart contracts. These details further confirm that Soroban is key to the next stage of core development for Pi.

Gate News Bot news, on November 24, according to CoinMarketCap data, SAPIEN is currently priced at $0.14, with a rise of 14.56% in the last 24 hours, reaching a high of $0.18 and a low of $0.12. The current market capitalization is approximately $35.4 million, an increase of about $4.49 million compared to yesterday. SAPIEN is currently ranked 547th in the crypto assets market capitalization. Recent important news about SAPIEN: 1️⃣ **Successfully completed token generation event** SAPIEN announced a Token Generation Event (TGE) on the Base network on August 13, 2025. This marks a new development stage for the SAPIEN project, providing the necessary tokenomics support for its decentralized AI data infrastructure. The success of the TGE is crucial.