Recently, the market performance has exceeded expectations, with only 12 altcoins outperforming Bitcoin. The Ethereum derivation market is facing significant de-leveraging pressure, with open contracts falling sharply. However, the fundamentals of ETH remain robust, with the Total Value Locked staying at 70 billion USD, indicating a state of risk release which sets the stage for a future Rebound. It is expected that the ETH/BTC trading pair may bring surprises by the first quarter of 2026.

On December 22, the activity in the crypto assets market increased, with the top 100 tokens showing mixed performance. Audiera (BEAT) had the largest rise, reaching 57.16%. Canton (CC) had the largest fall, dropping 15.79%. Investors need to follow the subsequent trends.

[Block Rhythm] Recently, a large investor has made a series of on-chain operations that have attracted attention. This whale-level player deposited 1.09 million USDC into the HyperLiquid platform and then opened a short position on XYZ100 with 20x leverage, clearly betting on the fall of the tech stock index.
Interestingly, this whale has a quite diversified portfolio. In addition to a short position on XYZ100, he also holds short positions on BTC and a long position on FARTCOIN. This combination strategy reveals a lot of information—there are bearish expectations on traditional tech assets while also maintaining some exposure to crypto assets.
The XYZ100 product is essentially an on-chain version of the Nasdaq 100 index futures, allowing users to trade the rise and fall of the US technology stock index 24/7, and it supports leveraged operations. This type of derivative contract has recently become popular among Large Investors.

SHIB has recently shown a golden cross signal, with the 9-day and 26-day moving averages converging around $0.000007271. The current price is $0.000007328, with a rise of 0.38%. The volume surged by 33.47%, reaching $93.52 million, but the selling pressure and token burning measures constrain each other, posing challenges to the upward momentum.

On December 22, the US stock market opened positively, with major indices rising, especially the Nasdaq 100 index showing the largest increase. Crypto Assets concept stocks performed outstandingly, with many companies seeing significant rises, and investor sentiment warming up.

UBS's latest report optimistically predicts that US stocks will continue to rise in 2026 due to strong corporate earnings, especially from technology companies. The S&P 500 index is expected to rise by 10%, potentially reaching 7700 points. The Fed's interest rate cut space and clear tariff policies will reduce uncertainty, advising investors to hold relevant stocks to gain growth dividends.

【Block Rhythm】On December 22, the ZKP coin performed remarkably. This Token once surged to 0.2 USDT and is currently stable around 0.19 USDT. The rise over the past 24 hours reached 65%, indicating a rapid pump. The crypto world market is ever-changing, and such short-term increases often attract attention. Interested traders can follow its subsequent trends.

JPMorgan is evaluating whether to offer cryptocurrency trading services to institutional clients, including Spot and derivation, to expand its presence in the field. This move is driven by changes in the U.S. digital asset regulatory environment and rising interest from institutional clients, but it must consider client demand, risk assessment, and regulatory attitudes.

The recent market is quite interesting - the traditional "rate cuts lead to a bull run" tactic seems to be losing its effectiveness.
The Federal Reserve has indeed cut interest rates multiple times this year, and the dot plot also suggests continued easing, but this situation becomes awkward when faced with the uncertainties of American politics. The political winds constrain the independence of monetary policy, leaving the entire market lacking certainty in expectations for interest rate trends, which has also clogged the repair of risk appetite. As a result, different assets are moving in their own directions—gold bulls are becoming increasingly resolute, U.S. stocks are rotating between sectors, high-valuation tech stocks are still under pressure, and Bitcoin has also been dragged into the quagmire of "range-bound fluctuations."
According to on-chain data, BTC has been repeatedly fluctuating in the narrow corridor between $81,000 and $89,000 recently. There are buyers supporting it from below, while around $90,000 there is a wall of sell-offs. Looking at other details is even more interesting—spot ETF funds are quietly withdrawing, the open interest in futures is shrinking, and the funding rate...

The token issuance time of Polymarket has become a hot topic in the prediction market, with a voting trading volume reaching $141 million. Most participants believe that the token will be launched by the end of 2026, although the Chief Operating Officer has confirmed that the token will be issued, but it will have to wait for the restart of the U.S. market.

[BitPush] Attention Android users - a leading exchange has recently received feedback that some users are experiencing crashes when using the APP. The good news is that the engineering team has completed the investigation, and the issue has been properly resolved. If you are still encountering similar situations, simply end the background process and reopen the APP to restore normal use. It is recommended that users experiencing issues try this method, which should do the trick.

A leading exchange has launched an AI-generated annual transaction history feature that analyzes user trading data to provide a comprehensive review of trading activities, personalizes trading labels and digital badges, enhances social interaction, and allows users to examine their trading performance in a more engaging way.

[Coin World] This wave is interesting - just discovered a new wallet that swept 3.22 million FARTCOIN in 30 minutes, spending a total of 7,886 SOL, which translates to a large investment at the level of 1 million USD. Based on the transaction price of 0.31 USD, this guy clearly has confidence in this token. A new address doing this directly indicates either an institution is quietly laying out a strategy or a large investor has changed their wallet address. Such sudden large purchases on the Solana blockchain are generally worth following, as they often reflect changes in market sentiment.

Recently, 11 new wallets withdrew 1.567 million LINK from a major exchange. Analysis suggests that this is not simply a sell-off, but rather a proactive reduction of circulating supply to stabilize the situation. Although the LINK price is weak, selling pressure has eased, and long-term investors should follow its potential in real assets and cross-chain infrastructure.

In the past week, digital asset investment products saw an outflow of $952 million, primarily due to the slow progress of the U.S. Clarity Act and selling pressure from Whales. Policy uncertainty has undermined investor confidence, making it difficult for inflows to recover in the short term.

[Coin World] The performance of the XRP ETF is quite interesting. Although the price has not fluctuated sharply, funds have been quietly flowing in, and the scale has now exceeded the $1.2 billion mark. Large investors have been increasing the position recently, and this is not just casual buying; it involves a clear plan for position adjustment.
From a technical perspective, XRP is still below the key moving averages, but the selling pressure here is obviously easing. Can you feel the change? Large Investors are shifting from short-term speculation to a steady accumulation of positions, and this transition from speculation to positioning often indicates something. The real voice of the market lies in the silent actions of these funds.

[Coin World] Ripple has recently rebounded from a low point, holding above a key support level near $1.93, which looks quite good. However, according to the TD Sequential indicator, after the rebound, it may encounter a local top, which is quite consistent with the recent fluctuating atmosphere of the entire market.
The price fluctuates up and down, with both increases and decreases, but interestingly, capital for the spot XRP ETF has been consistently flowing in. This indicates that institutional investors still have considerable enthusiasm for Ripple, investing real money into it. Therefore, although the short-term technical indicators seem somewhat hesitant, the confidence of large institutions has remained intact from the capital side. This contrast phenomenon is worth continuing to pay attention to.

In the past two hours, two whale wallets deposited a total of 5 million USDC into the Hyperliquid platform to increase their holdings of HYPE tokens. Wallet 0xDAeF holds 214,497 HYPE and 5.52 million USDC, while wallet 0x3300 holds 102,460 HYPE and 2.45 million USDC, showing confidence in the future of HYPE.

The rise of the US stock market is rare, with American households' stock holdings surpassing real estate, becoming the largest asset class. The proportion of corporate stocks and mutual funds' net assets has risen to 31%, reaching a historical high, while the proportion of real estate assets has fallen below 30%, indicating a deep change in the asset allocation structure.

[Coin World] On Christmas Eve, the crypto market is going to stir again.
The "Upgrade Fee Conversion Proposal" of a certain DEX will have its voting deadline on December 25th. The tough measure of this proposal is to directly burn 100 million governance tokens. On the same day, validators from another high liquidity platform will also vote on a plan to confirm the destruction of nearly 1 billion tokens—this operation is quite significant.
A couple of days ago (December 22), a certain cross-chain platform announced it would reduce token issuance and simultaneously launch a $12 million reward program as compensation. Later on (December 24), a certain lending protocol plans to distribute Vanguard utility badges to staking users.
From destruction to inflation adjustments, and then to staking incentives, this week's governance votes and token economic adjustments cover the entire ecosystem from DEX to lending and cross-chain. For holders, these voting results may directly impact token value and the direction of ecosystem development.