Bitcoin is currently facing a liquidity bottleneck, with exchange fund flow indicators entering the warning zone. Historical lows in exchange reserves are tightening market liquidity. Despite high prices, liquidity deterioration means that short-term price stability depends on market recovery of liquidity, and declining reserves may lead to sharp price fluctuations.

【Crypto World】 Many people only see Tether as a stablecoin issuer, but the company's ambitions go far beyond that.
According to the latest report from Galaxy Research, Tether has built a vast business empire. USDT, as its core product, has a circulating supply that has surpassed $185 billion, remaining the most widely used stablecoin in the crypto market. But more interesting is Tether's outside-the-finance layout — they have invested in agriculture and robotics companies, built their own Bitcoin mining facilities, and high-performance computing (HPC) data centers. Even at the application layer, Tether has made attempts: developing AI health app QVAC and a privacy-focused communication tool Keet.
From a financial perspective, the data is even more impactful. Tether has become the largest centralized finance (CeFi) lending institution in the crypto space, with a loan volume

The Polish government has just re-approved the crypto asset bill and urged the president to sign it as soon as possible, in response to the requirements of the EU Crypto Asset Regulation. However, due to the president's previous veto, the bill has faced political resistance. Continued delays could lead to a disconnect between Poland's regulatory framework and the EU, creating a regulatory vacuum for the digital asset industry and impacting the development of the Web3 ecosystem.

Huma Finance, Obligate, and TradeFlow Capital announced a partnership at the Solana Community Conference, planning to deploy stablecoin liquidity solutions on the Solana chain to address liquidity shortages and high cross-border settlement costs in rare earth mineral trading, demonstrating the integration of Web3 with the real economy.

Kazakhstan is systematically adopting the Solana blockchain as the core infrastructure for the national cryptocurrency and blockchain industry, planning to establish a Solana Economic Zone and stablecoins, cultivate developers, and build CryptoCity, demonstrating a strong commitment to deeply integrating blockchain into finance and industry.

【Crypto World】Bitnomial has received official approval from the U.S. Commodity Futures Trading Commission (CFTC) to clear fully collateralized swap contracts. This marks an important step forward for the exchange in providing prediction market services.
Currently, the service covers two main prediction directions: cryptocurrencies and economic events. Notably, the Bitnomial Clearinghouse infrastructure not only serves its own needs but also provides clearing services for partner prediction market platforms within the ecosystem. This open model allows more platforms to connect and also facilitates the flow of collateral between the US dollar and crypto assets.
From a market perspective, CFTC's approval signifies regulatory recognition of derivatives and prediction market directions, which is a positive signal for platforms seeking to operate within a compliant framework. By完善基础设施，Bitnomial is building a more open, more

Stock tokenization's impact on blockchain requires time to verify. Experts believe it will not significantly boost the market in the short term. However, if it can be effectively integrated into the blockchain ecosystem, as access barriers decrease and interoperability improves, its potential will gradually emerge, ultimately possibly increasing transaction fee revenue and network effects.

Recent data shows a significant change in the Bitcoin holding pattern, with approximately 5.94 million Bitcoins controlled by institutions and custodial service providers, accounting for nearly 30% of the total circulating supply. This concentration trend decreases the proportion of retail holdings and increases institutional influence, which could impact market volatility and liquidity risk.

The traditional finance sector has a complex attitude towards crypto assets. An executive from an investment firm managing $12 trillion in assets described Bitcoin as a "digital toy" lacking long-term value, yet still permits clients to trade crypto-related funds, reflecting the skepticism and adaptation of related institutions towards digital assets.

A whale address recently used 539.6 BNB to purchase 1,650,000 RAVE tokens, with the investment value rapidly increasing to $950,000, achieving nearly a 100% return. This trend reflects big funds' favor towards RAVE's short-term performance.

【Blockchain Rhythm】 Interestingly, a leading compliant platform has recently been brewing a major move. According to reports from multiple media outlets, this platform is collaborating with a prediction market platform to develop an internal prediction product, which is scheduled to be officially unveiled during the system update event on the 17th of this month.
Sources familiar with the matter revealed that this cooperation will be announced soon, with both parties initially adopting an exclusive operation model, although the agreement itself does not exclude future partnerships. Essentially, this move indicates that the platform aims to attract investors by diversifying trading categories during a period when interest in digital assets is waning.
More notably, this event features more than just the prediction market product. The platform also plans to launch tokenized stock products, which means traditional financial assets will be further integrated into the crypto ecosystem. Although the official has not yet confirmed the details, they stated that a full answer will be provided at next week's press conference.
This product expansion, to some extent, reflects how leading platforms are navigating the market wave.

The AI data center construction has been postponed to 2028 due to worker shortages and material shortages, leading to a significant decline in the cloud computing and chip markets. This situation indicates that AI infrastructure costs will continue to rise, supply chain bottlenecks remain unresolved, and the cost pressures on mining and node operations still exist.

BitGo receives conditional approval from the U.S. Office of the Comptroller of the Currency to convert into a federally chartered national trust bank, which will directly custody digital assets and offer nationwide regulated crypto services. This move reduces institutional investors' risk concerns and promotes traditional finance to enter the Web3 ecosystem.

【链文】12月12日爆出ZEROBASE前端遭到攻击，一些用户不小心授权了恶意合约。钱包方面已经迅速反应——屏蔽了相关的恶意域名，同时把涉事合约拉进了黑名单。最重要的是，他们会在30分钟内给可能受影响的用户发送安全提醒。
如果你用过这类服务，现在该检查一下了。打开钱包的授权页面，看看有没有可疑的合约授权。发现问题直接撤销就行，不用等。这类事件提醒我们一个老生常谈但容易忽视的点：随便授权合约真的很危险。看起来无害的交互，可能就会让你的资产暴露在风险中。保护好自己的钱包权限，比什么都重要。