On December 13th, the US stock market came under pressure, with the NASDAQ 100 index falling by 2%. Crypto-related stocks generally declined, with BitMine Immersion down 6.7% and Circle down 6.3%. The overall trend was affected by the US stock market, and crypto assets performed weakly.

【币界】ETH又松动了。刚破3200这个关口，目前在3198.55美元附近徘徊，今天涨幅还维持在0.61%左右。市场节奏有点慢啊。

【Chain News】An incident of front-end impersonation attack has been exposed on the BSC chain. According to the latest disclosure by the security team, a malicious contract "Vault" (0x0dd2…2396) was implanted after the ZEROBASE front-end was attacked, in order to trick users into authorizing USDT transfers. Currently, hundreds of wallet addresses are at risk, with the largest single theft amount reaching $123,000. The stolen funds ultimately flowed to an ETH address (0x4a57…fc84).
It is understood that this is not Binance

【Blockchain Movement】Zepz, a UK fintech company, is making significant moves. At the Solana Breakpoint conference, they officially launched the SendWave Wallet—a non-custodial wallet based on Solana stablecoins. Sounds a bit unfamiliar? Simply put, it's a tool for cross-border remittances and financial services.
What's more interesting is the coverage area, which has expanded to 100 countries and regions. Behind this effort are collaborations with Circle and Portal. This combination is indeed strong. From stablecoins to wallets to global payment networks, Zepz aims to move the traditional cumbersome cross-border remittance process directly onto the blockchain. A non-custodial wallet means users manage their own assets, aligning with the core logic of the crypto ecosystem.
As a high-speed, low-cost public chain, Solana is indeed suitable for payment scenarios. If SendWave W

【CryptoWorld】Based on the latest 4-hour candlestick chart, ETH's recent move is quite interesting. Compared to the low point at midnight on December 12th, the price has indeed risen significantly. It also rebounded from 20:00 the day before yesterday, but the last two candlesticks turned downward, closing below the opening price—typical of a pullback after a rally.
The trading volume is worth paying attention to: as the price rises, the trading volume actually shrinks. This indicates that the upward momentum is weakening, and bullish enthusiasm is fading.
What do technical indicators say? The MACD histogram has been negative but is getting shorter, indicating the bearish momentum is waning. The KDJ indicator shows an oversold condition with a value of only 18, which is a signal. The key point is that the MA10 has already broken above the MA30 (confirmed at 04:00 and 08:00 on the 12th), suggesting a short-term rebound.
Therefore, from a trading perspective, these levels may be worth watching:
Support and Resistance
- Recent support around 3104
- Resistance above is at

【Crypto World】Recently, I saw a nice new development in the Solana ecosystem. Raise Smart Cards has officially selected Solana as its technological foundation to build an on-chain gift card and loyalty ecosystem. This idea is quite interesting — directly bringing brand reward systems onto the blockchain.
According to official sources, this system can be compatible with major brands like Uber and Fanatics, allowing users' loyalty points and gift cards to circulate on-chain, no longer locked in a single platform. This way, Solana's high performance and low-cost advantages can be put to good use. Imagine millions of users' reward interactions confirmed on-chain in seconds, with costs far lower than traditional solutions — this is a real competitive edge for Web3 applications to take off.
It also reflects a trend: ecosystem applications are shifting from mere transactions to actual business scenarios. Brand loyalty systems may not sound sexy, but the user base

[CryptoWorld] Recently, I came across an interesting piece of news — a leading exchange has taken another significant step forward in its regulatory journey in Pakistan. On December 12th, it officially obtained registration for anti-money laundering (AML) under the Pakistan Virtual Asset Regulatory Authority (PVARA) framework. What does this mean? In simple terms, it is an important milestone before obtaining a full license.
According to the plan, the exchange will initially operate cross-border services under the AML registration, and will apply for a comprehensive Virtual Asset Service Provider (VASP) license once conditions are ripe. This phased approach is something we've seen in other markets as well — regulators first assess your AML compliance, and once confirmed to be in order, they grant full operational rights.
From a strategic perspective, this reflects the increasing formalization of the virtual asset market. The exchange's expansion in South Asia is also accelerating — gaining regulatory recognition allows it to serve local users more confidently and promote digital assets more effectively.

The latest data shows that a centralized exchange attracted a net inflow of $583.7 million over the past month, reflecting users' concerns about security, asset transparency, and high-yield products. The exchange's success lies in meticulous execution of details, effectively meeting user needs.

【Blockchain Rhythm】Ethereum developers have once again been flooded with upgrade roadmaps.
At the 171st Ethereum consensus layer core developer meeting on December 12, the development team made several important decisions regarding the upcoming technical directions. The most notable is the embedded proposer-builder separation (ePBS) proposal in the Glamsterdam upgrade — after discussion, the team decided to retain the trust payment mechanism as a core component of this scheme. Meanwhile, the previously controversial fork choice mandatory inclusion list feature (FOCIL) was officially removed.
The good news is that the network is running smoothly. The Fusaka upgrade was successfully launched on the mainnet on December 3, and the subsequent blob parameter hard fork was activated as scheduled on December 9, with the entire process proceeding smoothly.
In addition to these implemented updates, the meeting also focused on several proposals currently in the works — EI

Russell 2000 Index hits a five-year high, while Bitcoin remains sluggish, below October's high by 27%. Analysts believe that although small-cap stocks are performing well, the Federal Reserve's imminent rate cut may stimulate risk asset flows, causing the two to diverge. The issue is not in the fundamentals.

Standard Chartered Bank deepens cooperation with a compliance platform, aiming to provide institutional investors with integrated services such as trading, custody, staking, and lending. This marks a close integration of traditional finance and Web3 finance, lowering the barrier to entry into the crypto market and enhancing risk control and compliance safeguards.

【Blockchain Rhythm】Backpack founder Armani Ferrante recently shared an interesting viewpoint at an industry conference: Solana is currently the only network that truly achieves large-scale decentralized execution.
This statement sounds quite absolute, but he provided reasons. Looking back over the past few years, developers have experimented with various solutions to scalability issues. Checking the funding records from 2017 and 2018, it’s clear—over a hundred projects each raised hundreds of millions of dollars, and some even secured billions. In terms of funding and manpower, the participants back then were quite well-equipped.
But what is the reality? The vast majority of these projects failed to run effectively in real large-scale scenarios. Solana, however, managed to make it happen. It’s not just about impressive technical metrics, but about proving itself in practical applications with high concurrency and high throughput.

【Crypto World】The ETH trend over the past few hours is quite interesting. From the 4-hour chart, the price has been oscillating upward in the past two days, but trading volume is shrinking — a typical sign of weakening upward momentum.
The indicators provide many details. Although the MACD has not yet shown a clear direction, the histogram is narrowing, hinting that the bulls are accumulating strength. The KDJ is currently in the oversold zone, which often signals a rebound. The MA10 has already crossed above the MA30, indicating a short-term positive sign. However, the divergence between volume and price is a bit painful, suggesting that the upward conviction is not yet strong enough.
Specifically, for trading:
For going long, you can enter in two stages — the first opportunity is around 3083, and you can add another position around 3036. Place your stop-loss at 3012; if it falls below this, you should admit defeat. As for targets, 3411 is the first selling point, and 3414.44 is the final profit-taking exit point.
Support and resistance levels should also be in your mind. If the support at 3074 holds, there is still hope.

At the Solana Breakpoint conference, Vice President of Core Engineering Brennan Watt mentioned the SIMD-0389 proposal, which plans to reduce account creation costs by 90%, potentially leaving only 1% in the future. This move will significantly lower the threshold for opening accounts, potentially activate billions of dormant SOL tokens, and will not affect network security, promote ecosystem expansion, and attract more developers and users.

[Blockchain Rhythm] Recently, confidence in ETH has been growing stronger. Here's why.
First, let's look at regulation. The new SEC chairman directly called for "financial assets to be on-chain," and Wall Street is now rallying towards the tokenization of US bonds, with Ethereum being their main battlefield. This is no small matter.
Next, from a technical perspective. After the Fusaka upgrade, Blob fees skyrocketed, burning over 1,500 ETH in a single day, accounting for 98%. The explosive growth of L2 has visibly benefited the mainnet, and deflationary expectations are already on the way.
The most critical factor is the market chips. Speculative leverage has dropped to a historic low of 4%, with exchange reserves down to only 10%. The ETH/BTC trading pair has remained stable for so long without breaking, and the bears clearly can't hold on anymore. Once the rate cut cycle begins, funds will rotate from BTC to ETH, which has practical application value—this logic is just too perfect.
The market has been cleansed enough.

【Block Motion】December 12th is worth talking about. The US Congress has taken new action — the House Financial Services Committee directly wrote a letter to SEC Chair Paul Atkins, with a core request: to quickly allow digital assets like Bitcoin to be included in 401(k) retirement accounts.
Their logic is quite straightforward. The current securities regulations are outdated, blocking cryptocurrencies from entry, but stocks, bonds, REITs, and other alternative investments have long been allowed in retirement accounts. Why shouldn’t digital assets be allowed? The committee members believe that millions of Americans saving for retirement should have more options, and shouldn’t be constrained by old rules.
The letter also mentions another point — the standards for "qualified investors" should be revised. Currently, the threshold is set too rigidly, making it difficult for many people to access private markets and alternative investments. Their point is, since digital asset investments are to be opened up, then the entire system should be adjusted accordingly.

A whale address recently borrowed 1,000,000 USDC and purchased 5,211 AAVE tokens, currently holding 338,000 AAVE while owing $30.8 million. This recursive lending strategy helps to amplify gains but also faces liquidation risks, showing confidence in the prospects of AAVE.

【Blockchain Rhythm】Haze, the founder of GMGN, recently announced a new feature on social media — the official launch of "Aggregation Trenches." This time, it directly connects real-time scans of both Solana and BNB Chain, allowing users to track on-chain data dynamics from both chains on a single interface.
According to Haze, this operation significantly boosts the efficiency of on-chain information retrieval. Integrating data streams from both chains into one, it truly saves users a lot of trouble from switching back and forth, especially for those who need cross-chain monitoring of hot projects.