BlockBeats news, on December 10, U.S. President Trump demanded that Ukraine "quickly accept" a U.S.-led peace plan and was reportedly hoping to finalize the agreement before Christmas. Zelensky signaled willingness to hold elections during wartime but emphasized that any agreement must be based on clear security guarantees from the U.S. and Europe. As the plan involves territorial concessions, NATO issues, and the use of frozen Russian assets, multiple European countries are uneasy about the fast pace pushed by the U.S. The U.S., Ukraine, and Europe continue to be locked in a tug-of-war within the negotiation framework. The U.S. demands accelerated decision-making and stresses that the goal is to achieve sustainable peace, but Zelensky reiterated that he would not accept territorial concessions and needs to coordinate positions with Europe first. European officials are concerned that a U.S.-driven agreement could undermine the cohesion of the Western bloc. Amid rising geopolitical uncertainty, the crypto market sentiment remains cautious. In the short term, BTC is watching the $93,200 resistance, with support remaining at

According to Jinse Finance, U.S. President Trump said on Tuesday that he will meet with "several" candidates to succeed Jerome Powell as Chairman of the Federal Reserve. While en route to an event in Pennsylvania aboard Air Force One, Trump told reporters, "I will consider a few different people, but I already have a pretty clear idea of who I want." (Jin10)

ChainCatcher 消息，据金十报道，BMO 资本市场策略师 Ian Lyngen 指出，未来几周将有一波 “补发” 的经济数据集中公布，这将显著影响政策前景。因此，美联储主席鲍威尔很可能会在 12 月会议后保持模糊，避免对明年 1 月的利率决定做出任何明确承诺。Lyngen 强调，美国劳工统计局将在此期间发布多份重要经济数据，这些信息的累积效应将重新定义市场对经济表现的理解。

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.

Aster (ASTER) has been under continuous pressure since its launch, dropping about 70% from its high of $1.50. Technically, ASTER formed a clear inverted V-shaped top structure near $1.40, with a rapid pullback following a sharp rise, trapping buyers. The price has consistently remained below the 20-day, 50-day, and 200-day moving averages, confirming the continuation of the downtrend. According to the V-shaped top measurement method, ASTER’s neckline is in the $1.04 to $1.05 range. If this support fails, the price could further drop to $0.82, corresponding to the 1.0 Fibonacci extension level. Despite the weak trend, 68% of traders in major CEX perpetual contract markets are still attempting to bottom-fish and go long. However, in the ongoing downtrend, longs are continuously being liquidated. The cumulative net long positions are steadily decreasing, while net short positions remain largely unchanged. This indicates that the current decline is not driven by shorts, but rather by longs being forced to close their positions under pressure, further pushing the price slowly lower.

BitMine Immersion Technologies continues to make large purchases of Ethereum, even as market sentiment remains tense and ETF funds keep flowing out. The company, chaired by Tom Lee, has now become the world’s largest corporate holder of Ethereum and has significantly increased its ETH holdings over the past week. According to the latest data, BitMine purchased 138,452 ETH in one week, a 156% increase from the previous period, bringing its total holdings to 3.86 million ETH. This accounts for more than 3.2% of Ethereum’s circulating supply and brings the company two-thirds of the way toward its goal of controlling 5% of ETH’s supply. Since October, ETH prices have dropped nearly 25% in total, but BitMine has persisted in buying, demonstrating a clear long-term bullish stance.

Farcaster is undergoing a major transformation of its core strategy, abandoning its long-held “social-first” approach in favor of in-app wallet and trading features as its primary growth engines. Co-founder Dan Romero stated in a recent announcement that for the past four and a half years, the team had been trying to drive growth through social interaction and a third-party client ecosystem, but had never managed to find a sustainable expansion model similar to Twitter (now known as X), resulting in a clear disconnect between the product and the market. Romero noted that the wallet feature launched earlier this year has become Farcaster’s strongest source of user growth to date, as well as the product with the fastest increase in user engagement. He emphasized that the wallet’s trading tools demonstrate the clearest and most stable product-market fit the platform has seen in five years, and therefore will become the core focus for future development. “We are now focused on building a truly outstanding wallet. Every new wallet user is a new protocol user.”

According to Gate News Bot on December 08, citing CoinMarketCap data, as of the time of writing, ACA (Acala Token) is currently trading at $0.01, up 16.19% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $15.2 million, an increase of $2.12 million from yesterday. **Recent Market Analysis of ACA:** The relevant information provided mainly consists of aggregated market data and links to market tools, without specific fundamental drivers, project progress announcements, or market events. Therefore, the specific driving factors behind this round's 16.19% increase cannot be directly determined from the current information. From a market performance perspective, ACA has shown a clear upward trend within 24 hours, with a $2.12 million increase in market capitalization refle

New York brokerage Clear Street is preparing to go public, with an expected valuation between $10 billion and $12 billion. Goldman Sachs will lead the deal, but it may not be completed before January. The company is a well-known cryptocurrency stock underwriter.

After several days of flat trading, Hedera’s HBAR token is currently in a consolidation phase, indicating a lack of clear market direction. However, investor activity is picking up, and early signs suggest that bearish pressure may be easing. The Chaikin Money Flow (CMF) indicator has risen significantly, indicating a notable reduction in selling pressure. If the CMF continues to improve and crosses above the zero line, HBAR will register a net inflow, potentially restoring trader confidence and providing momentum for a price increase.

Bitcoin has continued to face pressure during its month-long downtrend and has once again failed to break through a key trendline. The lack of clear bullish signals in the macro market keeps Bitcoin's short-term outlook uncertain. However, on-chain data shows that investors have begun to accelerate accumulation at lower price levels. According to Glassnode data, over the past week, more than 23,385 BTC (worth over $2.15 billion) have been withdrawn from exchanges, driving exchange reserves down to their lowest level since January 2021. Exchange outflows typically indicate an increase in long-term holding intentions and a reduction in selling pressure, which helps support a potential rebound.

Bitcoin continued to trade sideways near $92,000 on Friday, failing once again overnight to break through $93,000, which further solidified the recent consolidation range. The current market structure is still dominated by bears suppressing prices in the mid-$93,000 range and bulls providing support around $91,000, but neither side has enough momentum to establish a clear trend. Looking at the past month, Bitcoin remains in a downward structure since the early November high, and the recent rebound has even formed a lower high, suggesting that the corrective trend remains unbroken. The weak momentum and rapid pullback after rebounds indicate that liquidity above $93,200 is still thin. If $91,000 is breached, key support lies in the $90,000–$90,500 range; to the upside, a breakout above $93,200 is needed to reverse the short-term downtrend.

The U.S. Department of Justice has charged two brothers for breaking into and deleting 96 government databases after being fired, involving DHS investigations and FOIA records. The brothers had previously been convicted for hacking into the State Department. After the incident, they attempted to cover up the evidence and were eventually arrested.

PANews, December 5—The Doubao Mobile Assistant team has released a statement regarding adjustments to its AI-powered mobile operation capabilities. The statement notes that in order to achieve a healthy balance between technological development, industry acceptance, and user experience, the team plans to implement standardized adjustments to AI mobile operation capabilities in certain scenarios over the coming period. Specifically, these adjustments include, but are not limited to, further restricting the use of financial applications: in banking, online payments, and other financial scenarios that are directly linked to users’ financial security. Although the mobile assistant currently requires user authorization for sensitive operations, out of an abundance of caution, Doubao Mobile Assistant will temporarily disable its ability to operate such apps. The team will also actively communicate with relevant vendors in hopes of jointly establishing clear and secure guidelines for AI operational behavior.

BlockBeats News, December 4—Wolfe Research stated that now is a good time to buy cryptocurrencies on dips. The current crypto market is showing a clear divergence between bulls and bears, creating a potential buying opportunity. The firm still expects Bitcoin’s interim bottom to be around $75,000, even after Bitcoin rebounds and regains the $90,000 level. However, Wolfe also pointed out that Bitcoin ETF inflows remain weak and digital assets overall continue to be under widespread downward pressure. From a technical perspective, the crypto market has returned to a key long-term support area, which has served as a turning point for prices multiple times in the past. Momentum indicators are improving, and Bitcoin’s current rebound is seen as constructive. Wolfe believes the next major test is the 50-day moving average at $101,000.

Kevin Hassett has emerged as a leading candidate to succeed Jerome Powell as Federal Reserve Chair in 2026, creating a clear divide between Wall Street and the cryptocurrency market. Reports indicate that bond investors have privately expressed concerns to the U.S. Treasury, believing that if Hassett were to become Fed Chair, he might push for rapid and politically influenced rate cuts, potentially threatening market stability. According to the Financial Times, Wall Street banks, asset management firms, and the Treasury Borrowing Advisory Committee warned in a November meeting that Hassett might opt for rate cuts even if inflation remains above the 2% target. They noted that Hassett emphasized political issues during briefings, raising questions about his ability to maintain the central bank’s independence. Prediction market data shows Hassett’s odds of becoming Fed Chair are as high as 75%, far surpassing other contenders like Waller and Warsh.

ChainCatcher news: Trader Murphy posted that the main sources of selling pressure currently are the profitable chips held by long-term Bitcoin holders (LTH) and the underwater chips held by short-term holders (STH). For STH, after panic is released in a concentrated manner, if the price stabilizes or shifts from a sharp drop to a slow decline, the selling pressure will gradually decrease; as for LTH, if their realized profit and loss ratio declines, their motivation to sell will decrease. Currently, the number of new BTC addresses has temporarily stabilized after a round of decline, but the amount of BTC held by them is still decreasing. This indicates that the overall risk appetite of BTC investors has not significantly improved, resulting in a lack of new demand. He believes that before seeing a clear recovery in demand, the reasonable expectation for BTC in December should not be an immediate reversal, but rather no further sharp or deep declines, and a corresponding rebound after an oversold situation.

In 2025, due to tightening global liquidity, increasing financial stress, and capital outflows, investors have increasingly favored safe-haven assets such as gold, while Bitcoin has come under relative pressure. Spot gold continues to strengthen, currently finding support near $4,000 and is expected to move toward the $4,500 resistance zone. In contrast, Bitcoin has pulled back after reaching an all-time high in October and, constrained by tight financing and market leverage pressures, is currently seeking a rebound at the key $80,000 support level. Macroeconomic factors have led to a clear divergence between the two: the overnight financing rate (SOFR) is near 4.0%, the Treasury General Account (TGA) remains elevated, global liquidity is restricted, and systemic financial stress is rising. Demand for risk assets has weakened, while demand for safe-haven assets has rebounded, pushing gold prices higher. At the same time, financial market volatility and the unwinding of arbitrage trades have exacerbated short-term pressure on Bitcoin.

The UK Parliament has passed the "Property (Digital Assets, etc.) Act," officially recognizing cryptocurrencies and stablecoins as personal property, marking a significant breakthrough for the legal status of digital assets in the UK. This week, the Act received Royal Assent from King Charles, making it officially effective and granting digital assets the same legal protection as traditional property, removing them from the legal gray area. The move has been widely welcomed by the industry. The Bitcoin Policy UK organization called the Act a "major step forward," while the industry body CryptoUK stated that by codifying previous case law into statutory law, Parliament has provided a clear legal basis for the ownership of digital assets. Previously, while common law had sporadically recognized digital tokens as property, there was a lack of uniform standards.

PANews, December 2 - The Aave community has proposed a temperature check proposal titled "Focusing on Aave V3 Multi-Chain Strategy," suggesting adjustments to its multi-chain strategy, including increasing the reserve ratio for underperforming networks to boost revenue, shutting down low-yield markets on zkSync, Metis, and Soneium, and setting a clear annual revenue floor of $2 million for new instance deployments.

Solana (SOL) has accumulated a fall of about 57% since reaching its historical high of 295.83 USD at the beginning of the year, and is currently hovering within a long-term support zone around 120 USD. If it breaks this key support, SOL may face deeper dumping pressure, with the next major support level around 71 USD, indicating a potential further fall of 40%. The technical indicators show that SOL has strong bearish momentum. The weekly RSI has formed a bearish divergence and has fallen below 50, while the MACD is also in negative territory, indicating that the bearish forces are dominant. The price of SOL has been constrained within the range of 120-250 USD for a long time, and if this range is broken, it will trigger a clear trend reversal to bearish. The daily chart shows that SOL is under pressure below the descending resistance trend line, lacking rebound signals in the short term.

Market maker Wintermute pointed out that BTC briefly stabilized last week due to a clear market holdings structure, but the impact from the Bank of Japan quickly shattered the support level. Although macro factors dominate the market, the underlying structure is healthy and liquidity is good, the vulnerability of mainstream crypto assets may drop, and the prerequisites for market consolidation are in place.

Cardano is planning to inject critical liquidity into its long-weak DeFi infrastructure through a fund worth approximately $30 million. According to a proposal submitted on November 27, Cardano aims to utilize 70 million ADA to introduce top stablecoins, accomplices, cross-chain bridges, pricing Oracle Machines, and institutional-level analytical tools to establish a real economic foundation for the network by 2026. This proposal is jointly promoted by Input Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation, showcasing an unprecedented collaboration within the ecosystem. The core goal behind it is clear: to fill the infrastructure gap that has affected Cardano's development over the years.

Ripple's stablecoin RLUSD has rapidly expanded one year after its issuance, with a total supply reaching $1.26 billion. However, 82% (approximately $1.03 billion) is deployed on Ethereum, while the native XRP ledger (XRPL) only supports $235 million, indicating a clear market preference for Ethereum's more mature Decentralized Finance ecosystem. Ethereum has a strong liquidity in USD and a stablecoin system, with leading protocols like Aave, Curve, and Uniswap allowing RLUSD to seamlessly integrate into the existing financial infrastructure. Currently, the USDC/RLUSD pool on Curve has approximately 74 million USD in liquidity, providing a low-slippage environment for institutional trading, arbitrage, and yield strategies. Therefore, for institutional investors with larger capital sizes, Ethereum is a more efficient and deeper choice.

XRP price fell to $2 on Monday, sparking traders' interest in the upcoming Spot XRP ETF. In the overall dumping wave of the Crypto Assets market, XRP's decline surpassed that of Ethereum and BNB, primarily influenced by the liquidation of leveraged positions and ETF expectations. Data shows a significant outflow of funds from the sector in the past 12 hours, indicating clear short-term selling pressure. Market analysts point out that this decline was not triggered by any new fundamental events, but rather typical leverage liquidation and "news dumping" effects. Traders view the Spot XRP ETF as a potential bearish factor, similar to the market reaction when Canary Capital and Bitwise launched their products. Historical experience shows that the initial listing of an ETF is often accompanied by short-term price fluctuations, followed by a possible correction.

Gate News bot message, Bitcoin experienced a 16.5% decrease in value during November 2025, establishing it as the second most substantial monthly decline in the past three years. The digital asset's price movement in November demonstrated a clear downward trend in the cryptocurrency market. This no

Odaily News ValidatorQueue.com data shows that by the end of December this year, approximately 1.5 million ETH are expected to complete the exit from staking. It is reported that the recent exit volume has surged significantly, with a clear upward trend in the exit queue since September, and it is currently still in a high fluctuation phase. Industry analysis believes that this round of concentrated exits may be related to institutional rebalancing, staking service providers adjusting positions, and market fluctuations, and the specific impacts still need to be observed continuously. (Cointelegraph)

The European Central Bank recently made a clear statement regarding Bitcoin reserves, indicating that it will not include Bitcoin in its official reserves. This decision has sparked heated discussions in the global crypto world, with the market and investors showing high concern for the future direction of European digital assets. The European Central Bank emphasizes that Bitcoin reserves do not align with its long-term framework. The bank prefers assets that are stable, have clear valuations, and a historically reliable safety record, whereas Bitcoin has yet to meet these standards. In its statement, the European Central Bank pointed out that further regulatory strengthening is needed to ensure that the risks are manageable before Bitcoin is included in the official financial system.

According to BlockBeats news, on November 28, kain.mega, the founder of Infinex, stated on social media that it should be made clear that the intention behind Infinex's restart of the ICO is not to guarantee profits for everyone, but to eliminate the eyewash system of "low Circulating Supply and high Fully Diluted Valuation"—in that model, no one can profit except for three venture capital institutions.

Golden Finance reports that the prediction market has become a new trend in encryption and fintech. Kalshi raised over $1.3 billion in capital this quarter, with its valuation skyrocketing to $11 billion, while competitor Polymarket is also seeking new financing, targeting a valuation of $15 billion. The two have formed a dual Oligopoly, benefiting from clear U.S. regulatory policies.

Odaily News Alliance DAO co-founder responded to the previous viewpoint that "crypto bros will face stronger opponents when trading U.S. stocks" by stating that he is clear about this because he himself was one of the "professional counterparties" in the U.S. stock market ten years ago. He stated, "In the U.S. stock market, about 1 in every 20 trades is against my counterparty. I know my level at that time, and I am aware of the strength of my peers like Jump, Citadel, etc.—any market inefficiency you can think of has been completely squeezed out by us." He emphasized that retail investors might "get lucky for a few months," but the only way to make stable profits in the long term is straightforward: buy quality assets and hold them long-term, most likely index funds. If everyone does this, the professional trading industry will not be able to sustain itself. He concluded by writing: "The worst performer at the table.

The price of Zcash (ZEC) has recently rebounded strongly from a key demand zone, becoming the focus of the market once again. Although the overall crypto market is still showing mixed rises and falls, ZEC remains stable near major reaction levels, indicating increased buyer confidence. The technical analysis shows that the Zcash price is accumulating strength within a descending wedge while forming an Adam and Eve bottom formation. The Adam part presents a V-shaped rapid rebound, while the Eve part supports a rounded and stable formation, indicating that buyers are actively intervening during each pullback, leading to an increasingly clear price structure. The main support levels are at 607 USD, 705 USD, and 800 USD, and if the price successfully breaks through these levels, it will open up further upside potential.

Pi Network recently announced a partnership with gaming company CiDi Games, aiming to expand its influence in the Web3 gaming sector and enhance the platform's practical application value. This collaboration will provide Pi users with more opportunities to spend, earn, and interact using Pi across multiple games. The team stated that this collaboration will help game developers scale their game development by providing clear support, thus expanding the practical application scenarios of Pi. The core development team pointed out that games are highly compatible with the Pi ecosystem and are a key vertical that Pi has been nurturing within the ecosystem. Pi analyst Dr. Altcoin also expressed appreciation for this, believing that the significance of the collaboration is substantial.

ChainCatcher news, the People's Procuratorate of Yuhua District, Changsha City disclosed a "Pig-butchering scams" case, with 11 individuals involved being convicted. The gang defrauded approximately 340,000 Yuan in total. The "Pig-butchering scams" evolved from the traditional "Pig-butchering scams" and specifically targets foreigners. In March 2024, Liu and Li established a fraud gang in Yuhua District, with clear divisions of labor: 8 salespeople disguised as "financial elite women" sought out foreign male targets on overseas social platforms, using emotional fraud tactics to lure victims into investing in virtual money on a fake platform.

BlockBeats news, on November 27, Mike Novogratz, founder of the renowned encryption investment firm Galaxy Digital, stated in a podcast that he still firmly believes Bitcoin can return to $100,000 by the end of the year, but there will be significant selling pressure at that time. This is because the big dump on "1011" has a mid-term psychological impact on the market. Meanwhile, Novogratz indicated that with clear encryption policies and the entry of TradFi giants, the market will become deeply differentiated in the future, and tokens that provide value will be favored.

Odaily News CoinDesk analyst Omkar Godbole pointed out that hedging activity around Bitcoin's $80,000 put options has surged, making the trading environment potentially challenging in the short term. From a macro perspective, the excellent performance of 10-year government bonds as a traditional safe-haven asset has sounded the alarm for other risk assets, including stocks. However, the situation may change before the end of the year, especially if the Fed cuts interest rates by 25 basis points as expected early next month, signaling a clear dovish stance. (CoinDesk)

BlockBeats news, on November 24, researcher Adam from Greeks.live posted on social media that there is a clear divergence in market direction within the Chinese community, with most traders expecting a second bottom. BTC around 80,000 USD is seen as a neutral position, and the market is oscillating in the 80,000-88,000 USD range, with the current rebound considered likely nearing its end. The abnormal widening of ETH spreads has drawn attention, with the 1-hour MA30/MA60 becoming a key technical indicator, and some traders expect a rebound to possibly 3,000 USD.

BlockBeats news, on November 23, well-known Chinese encryption analyst Banmuxia posted on social media that the moment for Bitcoin's bullet to be loaded has arrived, with $80,500 basically confirming an important low point in this bear market, and it could even be the lowest point. However, this does not mean that the bear market has ended; this bear market has been running for more than 3 months and could continue for another 3-4 months, but it is a lateral bear market. (ps: this is just an analysis, specific trading should have a clear plan for entry and exit. However, spot can be steadily bought and held until the next bull run ends.)

PANews, November 21 - According to Jin10, Dallas Fed President Logan stated on Friday that the Fed needs to "keep interest rates unchanged for the time being" while assessing the current tightening of monetary policy. In a speech delivered in Zurich, she reiterated her previous view that the Fed's rate cut in October was not appropriate given that inflation remains elevated and the labor market is generally balanced. She said, "Maintaining interest rates unchanged for a period of time, in the absence of clear evidence to support further easing of policy, will allow the Federal Open Market Committee (FOMC) to better assess the degree of constraint of current policy."

According to ChainCatcher news and Jin10 reports, Fed's Collins stated that maintaining interest rates stable is appropriate at this time, as inflation may remain high for a period. She added that the labor market seems to be cooling, but the rate of decline is not fast. Collins pointed out that if there are clear signs of significant deterioration in the labor market, it will be taken very seriously, which could provide a reason for further easing in the near future, but so far there have not been significant changes in the unemployment rate.

BlockBeats news, on November 21, the U.S. Department of Labor announced that 119,000 non-farm jobs were added in September, far exceeding market expectations of 52,000, but the unemployment rate unexpectedly rose to 4.4%, reaching a four-year high. This employment report, released after a government shutdown, has become the last key data before the December FOMC (Federal Open Market Committee). The data itself is lagging and contradictory, further deepening policy divergence and making it difficult for the market to outline a clear interest rate path. The latest federal funds futures show that the probability of a rate cut in December has fallen back to below 40%, reflecting the market's rapidly cooling expectations for easing. On a macro level, non-farm employment stronger than expected should have been more hawkish, but the sharp rise in the unemployment rate clearly indicates weaknesses in the internal structure of the labor market, forming a "play people for suckers" signal, leading to greater divergence among policymakers in interpreting economic strength and weakness. The lagging nature of this data also makes it harder for the market.

BlockBeats news, on November 21, Pundi AI announced a collaboration with SUPERFORTUNE, a metaphysics-driven prediction engine that combines ancient symbol systems with modern market interpretations. This collaboration combines Pundi AI's transparent, community-driven data platform with SUPERFORTUNE's unique signal interpretation based on ancient knowledge and cultural insights. Pundi AI focuses on creating clear, trustworthy, community-built on-chain datasets, while SUPERFORTUNE adds new interpretive dimensions to the data through methods such as astrology, numerology, and cultural beliefs. These methods have stood the test of time and continue to influence people's thinking and decision-making. Through this collaboration, these interpretations will be transformed into structured data for developers to use in AI training and analysis. Meanwhile, SUPERF

Nvidia's stock price fluctuated sharply after the earnings report was released, raising concerns about its financial condition in the market. Analyst Pereira pointed out that there are significant contradictions in the company’s financial data, with accounts receivable and inventory surging, and cash flow conversion rates lower than peers. The exposure of a funding closed loop indicates that revenues have not been genuinely realized. Investors are fleeing, warning that Nvidia may trigger a broader market collapse in the future, and suggesting a shift to more stable assets.

Alliance QwQiao reiterates its warning about the crypto market, predicting that the next Bear Market will be more severe than expected due to unidentified investors purchasing trading platforms and ETFs. He believes the market will experience a retracement of about 50%, and recovery will only occur after investors clear their positions.

Jamie Selway, Director of the Division of Trading and Markets at the SEC, stated at the SIFMA Market Structure Conference that the trading of crypto assets requires a market structure based on "trust" and will promote clear regulatory rules through "Project Crypto" to support competition and innovation, ensuring market fairness.