ChainCatcher 消息，据金十报道，第一阿布扎比银行分析师在报告中表示，美国未来几个月的利率前景已处于关键拐点。他们指出，全球市场需要为各种可能的结果做好准备。该行预计，美联储在 2026 年的额外降息幅度不会超过 50 个基点，全年利率走势将主要取决于通胀走向、劳动力市场表现，以及内外部政策风险的发展情况。

Gate News Bot message, December 12th, according to CoinMarketCap data, as of press time, USUAL (Usual) is currently priced at $0.03, up 16.19% in the last 24 hours, with a high of $0.03 and a low of $0.02. The current market capitalization is approximately $43.2 million, an increase of $6.02 million from yesterday. Usual is a decentralized protocol dedicated to building a distributed banking system. Its issuance of fiat-backed stablecoins supported by real assets (RWA) combines the security of real assets with the composability and liquidity of DeFi. The protocol returns ownership and governance rights to users through the USUAL token. Usual's core products include USD0 stablecoin—a RWA stablecoin fully backed by US short-term government bonds—and USD0++—the liquid staking version of USD0, which provides

Gate News Bot Message, December 12 — According to CoinMarketCap data, as of press time, ICNT (Impossible Cloud Network) is trading at $0.35, up 39.07% in the past 24 hours. The highest reached $0.36, and the lowest dropped to $0.23. The 24-hour trading volume is $11.4 million. The current market capitalization is approximately $59.3 million, an increase of $1.67 million from yesterday. Impossible Cloud Network (ICN) is a global bare-metal AI infrastructure network dedicated to providing high-performance, low-cost cloud computing solutions for enterprise AI applications. The network has been deployed in key global markets including Europe, the US, and Asia, offering instant access to enterprise-ready AI infrastructure. ICN's ecosystem generates an annual revenue of $7 million and provides

ChainCatcher 消息，据金十报道，丰业银行团队表示，今年以来，美元对多数货币走低，但这发生在多年上涨之后。分析师肖恩·奥斯本和埃里克·泰奥雷认为，美元将普遍走弱，预计这一趋势将持续至 2026 年并延续到 2027 年。丰业银行预计美联储将在 2026 年上半年将目标利率降至 3%。

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?"

The overall cryptocurrency market slightly increased, with Layer2 rising 1.66%. Merlin Chain increased by 4.99%, Bitcoin rose 1.37% to 92,000, and Ethereum in the US slightly declined. Other sectors such as Meme, Layer1, and DeFi all saw gains, with Zcash surging by 17.85%.

OpenAI officially releases the new generation large language model GPT-5.2 today, marking the company's further acceleration in expanding into enterprise application scenarios, upgrading ChatGPT from a consumer tool to an enterprise productivity engine. The new model emphasizes faster speed, greater stability, and the ability to handle complex tasks, integrate multi-step workflows, and execute professional workstreams. With major partners such as the US government and Disney joining, OpenAI's business layout is rapidly expanding. OpenAI states that the core goal of GPT-5.2 is to "create greater economic value," with significant enhancements in spreadsheet processing, presentation generation, code writing, visual recognition, long-context understanding, and tool invocation. To validate these capabilities, the company has introduced a proprietary evaluation system called GDPval, which simulates 44 different professional tasks to assess model performance. According to reports, GPT-5.2 achieves or surpasses human professional levels in approximately 71% of tests. While the external community is still awaiting independent review, this data has garnered widespread industry attention.

The Depository Trust Company (DTC) has received a no-objection letter from the U.S. Securities and Exchange Commission and plans to launch real-world asset tokenization services in the second half of 2026, covering highly liquid assets, with a three-year service period on the blockchain.

PANews December 12 News, according to CoinDesk, the cryptocurrency sector no longer needs to be listed in the Financial Stability Oversight Council (FSOC) annual risk list for the U.S. financial system. However, this is not an isolated case, as the report has actually moved away from focusing excessively on the "vulnerabilities" of the financial system. The 2025 FSOC report's table of contents completely omits the frequently appearing term "vulnerabilities." Treasury Secretary Scott Bessent acknowledged in the opening letter of the report that previous analyses focused on identifying dangers that could disrupt the financial system. This 2025 report does not include "recommendations" for digital assets, nor does it explicitly express concerns about the industry. Its digital assets section details how U.S. financial regulators with cryptocurrency oversight have shifted their previous policy stances. The report largely praises the advantages of the digital assets sector,

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

Gold Financial Report, according to informed sources, bipartisan senators in the US Senate met with multiple Wall Street bank executives this week to discuss the Crypto Asset Market Structure Act. Senate Banking Committee Chairman Tim Scott stated that Congress is making "substantial progress" toward passing this comprehensive crypto market regulation bill, aiming to solidify the US's position as the "Global Crypto Capital." On that day, Scott discussed the bill's contents with US Bank CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf, including how to delineate between the SEC and CFTC.

金色财经报道，美国商品期货交易委员会（CFTC）：代理主席宣布撤回过时的数字资产指引。

US Secretary of Commerce Howard Lutnick criticized Federal Reserve Chairman Powell for maintaining high interest rates in an interview, stating that rates should be lower to promote economic growth. He pointed out the GDP growth of 4% and predicted that during Trump's presidency, the economic growth rate could reach 6%.

Odaily Planet Daily reports that US Treasury Secretary Janet Yellen is proposing significant adjustments to the government's approach to financial regulation and stability. Yellen will recommend changes to the work guidelines of the Financial Stability Oversight Council (FSOC), promoting a more relaxed regulatory environment and a freer approach. In a letter on Thursday, Yellen wrote: “The Council will collaborate with its member agencies and support their assessment of whether certain aspects of the financial regulatory framework constitute excessive burdens and negatively impact economic growth, thereby undermining financial stability.” FSOC was established after the 2008 financial crisis to monitor and respond to systemic risks, and Yellen serves as the chair of this council. This plan marks a shift away from the long-standing tendency of the council to strengthen regulation. Yellen will also establish a working group “to explore opportunities for AI to enhance the resilience of the financial system, while monitoring the potential risks that AI applications may pose to financial stability.”

Gate News bot message, according to the official Gate announcement on December 11, 2025 Gate launched six cryptocurrencies—BBLAST, CYS, ALMANAK, BTX, US, and POWER—on the instant exchange platform on December 11. Users can now perform exchange operations for these tokens through the instant exchange platform. The Gate instant exchange platform currently supports the conversion of over 2200 cryptocurrency assets, offering one-click exchange services without any fees.

Foresight News现场报道，Solana Co-founder Anatoly Yakovenko stated at the Solana Breakpoint conference that the key to growth lies in continuously building products that people need. He emphasized that stablecoins are the current clear direction, with an expectation that 1 to 10 trillion US dollars worth of stablecoins will be on-chain in the future, driving the tokenization and on-chain of approximately 500 trillion US dollars in global assets. He pointed out that the strong property rights protection brought by public chains and cryptography do not conflict with free-market capitalism and Wall Street logic but instead complement each other by eliminating faults and risks through software, allowing the financial scale of Wall Street to expand at a faster pace. He stressed that stablecoins are an expansion rather than a replacement of the US dollar. Layer 1, especially PoS networks, have clear value capture mechanisms. Solana aims to occupy as much as possible in this competitive landscape.

Golden Finance reports that, according to market data, the US Dollar Index (DXY) has fallen to a 7-week low, currently at 98.460.

BlockBeats News, December 11th, Helius CEO Mert stated at the Solana Breakpoint Conference that investors can purchase BSOL, a stock token issued by Bitwise and managed by us (i.e., Bitwise's SOL spot issuance).

Golden Finance reports that Edmond de Rothschild Asset Management's Chief Investment Officer Benjamin Melman pointed out that American artificial intelligence companies are facing fierce competition in electricity costs. He stated that the current electricity capacity in the U.S. is insufficient to meet the growing demand of AI companies, and electricity prices are significantly higher compared to other countries. "The U.S. has a fierce competitive issue regarding electricity costs, which will drive up AI operational costs."

Paxos CEO Chad Cascarilla announced at Solana Breakpoint that the company has applied to the SEC to become a clearing agency. In the future, it will directly custody and issue on-chain stocks and bonds, promote the on-chain of traditional financial assets, and enhance market liquidity and accessibility.

This article summarizes cryptocurrency news as of December 11, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. If SpaceX goes public next year with a valuation of $1.5 trillion, Elon Musk is expected to become the world's first "trillionaire." 2. Payment giant Stripe acquires the Valora wallet team to expand its stablecoin services. 3. The US OCC warns Wall Street about the "de-banking" issues in the digital asset industry, stating that such practices are "illegal."

Gate will launch perpetual contract trading for Almanak and Talus Network on December 11th, supporting 1-20x leverage, along with related lending and wealth management features. Trading bots and dollar-cost averaging functions will be available within one hour after launch.

Ethereum (ETH) continues to rise driven by whale accumulation, the flow back of spot ETF funds, and an improvement in market risk appetite. The market is now focusing on whether the end-of-year rally can break through the $4,000 resistance level. As the Federal Reserve policy decision approaches, traders are closely watching macroeconomic conditions and on-chain indicators to assess whether the rally can continue. Recent market data shows that before the FOMC meeting, overall sentiment in the crypto market has improved, with Ethereum outperforming Bitcoin and other mainstream cryptocurrencies. Analysts point out that the price increase is mainly driven by large investors and institutional buying. US spot Ethereum ETFs have seen a rebound in capital inflows this week, reflecting growing institutional interest.

PANews December 11 News, Li Zhen Guo, Vice Chairman of UBS Global Investment Bank, stated that the Hong Kong Exchange's Rule 18C opens a new listing channel for tech companies. It is expected that 150 to 200 companies will list in Hong Kong next year, with an IPO total scale of approximately 300 billion yuan, ranking first globally. He also believes that consumer goods, high-tech, and artificial intelligence will continue to be the themes for next year. Continuous interest rate cuts will remain a market focus, and the stabilization of domestic consumption is also beneficial for market development. Additionally, overall stock valuations in Greater China are somewhat discounted compared to US stocks, making them attractive.

The fifth spot XRP ETF is about to launch in the US market. With CBOE approving the listing and trading of the XRP ETF launched by 21Shares (ticker code TOXR), the number of US spot XRP funds has officially increased to five. This development marks the rapid maturity of XRP investment channels within the regulatory framework and further boosts market interest in tokenized assets. According to the latest documents submitted to the U.S. Securities and Exchange Commission (SEC), TOXR has completed key listing approvals and is awaiting the final process to begin trading on the exchange. Currently, 21Shares has repeatedly updated the S-1 registration documents, which still retain a "delayed revision," indicating that the issuer is waiting for CERT notice or SEC final approval.

Gate News Bot message, December 11th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is reported at $0.01, up 10.88% in the past 24 hours, reaching a high of $0.01 and dipping to a low of $0.01. The current market cap is approximately $59.4 million, an increase of $5.84 million from yesterday. USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. USTC originated as an algorithmic stable asset within the Terra ecosystem, designed to mirror the US dollar by balancing supply with LUNC through on-chain market modules. After the network adjustment in May 2022, the dollar-pegging mechanism ceased operation, and USTC transitioned into a freely traded token, with its price entirely driven by market supply and demand. Today, USTC is a volatile digital asset.

ChainCatcher news, according to Jin10, at the opening of the US stock market, the Dow Jones Industrial Average opened flat, the S&P 500 index declined by 0.05%, and the Nasdaq Composite index fell by 0.18%. Alibaba (BABA.N) rose by 2.18%, Meta Platforms (META.O) dropped by 0.75%. It is reported that Meta has shifted to a closed-source model and used Tongyi Model to optimize the new AI model Avocado. GameStop (GME.N) fell by 6.1%, as its Q3 revenue did not meet expectations.

According to official news, Gate Ventures announced that it has led a strategic investment in Goblin Finance to support its construction of native liquid staking and yield infrastructure in the Aptos ecosystem. The scale of this round of financing is US$1 million, and the funds will be used to help the project accelerate the improvement of the income aggregation mechanism and ecological collaboration. As a venture capital institution under Gate Group, Gate Ventures has long focused on the infrastructure construction and innovation direction of the multi-chain ecosystem. GVC stated that this investment will help the Aptos ecosystem form a more complete revenue aggregation system and provide more secure and efficient underlying support for Web3 financial scenarios. Currently, Goblin Finance has achieved rapid growth within the Aptos ecosystem, and its innovative income model and product mechanism are expected to become an ecosystem

Golden Finance reported that Peter Mintzberg, CEO of digital asset management company Grayscale, posted on the X platform that since Grayscale Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH) support staking rewards, about $11.8 million worth of ETH staking rewards have been generated for investors in less than 60 days, and they are also the two best-performing ETF products in the US ETF market so far.

The American Federation of Teachers (AFT) has formally submitted a petition to the U.S. Senate to withdraw the latest version of the Responsible Financial Innovation Act, citing the "serious risks" it could pose to the pension system, the wealth of working families and the economy as a whole. AFT represents 1.8 million members, and this voice is seen as one of the most direct voices against the impact of crypto legislation in the US public sector. AFT Chairman Randi Weingarten pointed out in the letter that the proposal does not establish the regulatory protections needed to deal with the risks of crypto assets and stablecoins, but may expose pension portfolios that are not currently involved in crypto assets at all to market volatility and regulatory loopholes. She emphasized that once pension and 401(k) plans gain exposure to tokenized assets with inadequate regulation, it could pose a threat to the long-term financial security of retirees.

The International Monetary Fund (IMF) pointed out in its latest "Understanding Stablecoins" report that stablecoins pegged to the US dollar may cause currency substitution and capital outflow risks in vulnerable emerging markets, weakening local currency stability. However, several experts say that the current stablecoin market size is still not enough to have a significant impact on the global macroeconomy. The report highlights that stablecoins may bypass traditional financial intermediaries, thereby circumventing capital flow management measures (CFMs), making it easier for funds to move across borders during periods of market panic and accelerating currency depreciation. The combined market value of mainstream stablecoins such as USDT and USDC has reached $264 billion, which is close to France's foreign exchange reserves and surpasses that of many countries such as the United Kingdom, Israel, and the United Arab Emirates. However, these "dollar equivalents" are more used in cryptocurrency trading than in real-world money management or circumventing regulations.

During the US trading session on Tuesday, the price of Bitcoin rose sharply from about $91,000 to more than $94,000 in two hours, an unusual trend that attracted strong attention from the market. The lack of clear positive news has led some traders to point out that this is "textbook manipulation", while others believe there are real macro catalysts behind it. Multiple on-chain analysts noted a rare period of large-scale concentrated buying during the price surge. DeFiTracer data shows that market maker Wintermute bought about $68 million in Bitcoin within an hour, while simultaneous buying orders from multiple major exchanges were also seen as a "synergistic push" by some researchers. Trader NoLimitGains noted that this rally is characterized by typical manipulation: extremely thin order books, large market orders pouring in in a short period of time, and a lack of subsequent structured buying. He believes that "a real bull market builds structure, and artificial push only leaves traps."

Tidal Trust has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the industry's first "Bitcoin AfterDark ETF" (Bitcoin AfterDark ETF), which aims to capture Bitcoin's price fluctuations during non-trading hours in the United States. The product is designed to hold Bitcoin only at night, while switching to Treasury bonds and money market funds during the day to improve the overall return-risk ratio. According to the application documents, the overnight ETF will buy Bitcoin after the US stock market closes and sell quickly after the opening of the next day. Daytime assets are allocated to low-risk instruments such as U.S. Treasuries and cash. While the ETF may be full of Bitcoin overnight in terms of overnight nominal positions, its capital structure is more defensive during the day.