After the Federal Reserve cuts interest rates, the market focuses on the release of employment, inflation, and retail sales data to analyze future economic trends. Next week, CPI data will be key to dollar fluctuations and may influence the Fed's interest rate cut policy.

BlockBeats News, December 13 — Scott Lucas, Managing Director and Head of Digital Asset Markets at J.P. Morgan, stated at the Solana Breakpoint conference: "I believe this community is full of incredible innovation, and people are eager to explore. Combining these two aspects, you'll start to understand — where business opportunities come from and how they relate back to the core proposition of economic growth. This itself is part of a grand narrative. Therefore, I think the key is to truly get involved, integrating that pioneering spirit and innovation into the exploration of opportunities. Not all innovations are perfectly suited for regulated markets, and that's normal. Some target retail users, while others focus on different markets, but within them, there are essential elements that are highly valuable for our understanding, worth engaging with deeply, and learning from. Even if some things...

Zcash (ZEC) performed strongly in the December market, with the price soaring 13% in a single day to approximately $460, significantly outperforming the recent sideways-moving cryptocurrency market. Along with the price increase, Zcash's 24-hour trading volume expanded accordingly, and its market capitalization also showed a noticeable growth, indicating an accelerated influx of funds into privacy sector assets. The core driver of this rise is the anticipation of a network upgrade. Zcash developers and Shielded Labs announced a dynamic fee market proposal, planning to upgrade the current static fee structure to a more flexible dynamic mechanism. According to the announcement, the new system will automatically adjust fees based on network congestion to reduce transaction costs and improve confirmation efficiency during high activity periods. This upgrade is seen by the market as a key step to improve user experience and enhance scalability, thereby boosting investor confidence.

x402 Payment Protocol officially released version 2 on December 11, 2025, further strengthening its core position in AI-native payments and autonomous machine trading. Since launching six months ago, x402 has completed over 100 million transactions through API, AI agents, and Web services. The V2 version incorporates key upgrades accumulated during this period. The most notable highlight of this update is the realization of a unified payment format for "multi-chain + traditional payment networks." The new protocol standardizes network and asset identification, enabling developers to seamlessly route payments between blockchains like Base, Solana, and traditional networks such as ACH and bank card networks. As a result, x402 is gradually becoming a neutral payment layer connecting crypto finance and traditional finance, simplifying cross-network settlement processes and providing more compatible payment infrastructure for AI agents, automation services, and Web applications.

PANews December 12 News, Pyth Network announced the launch of the PYTH Reserve Mechanism, which uses protocol revenue to purchase PYTH tokens monthly, directly linking product adoption with network value. As a key part of financial infrastructure, Pyth Network has supported over $2.3 trillion in cumulative trading volume. The new mechanism aims to promote sustainable value growth. The PYTH Reserve allocates one-third of funds from DAO treasury each month to buy PYTH tokens on the open market, combined with quarterly pricing optimization strategies to ensure revenue growth is directly converted into buying pressure for the token. Pyth's economic engine is powered by Pyth Pro, Pyth Core, Entropy, and Express

XRP price trend is entering a critical phase. As the descending triangle pattern tightens further, market concerns about a potential decline are intensifying. At press time, XRP trading price is at $2.03, up slightly by 1% in the past 24 hours, but the overall momentum remains weak. Over the past week, XRP has traded within a range of $1.99 to $2.17, located at the tip of the descending triangle, with space clearly narrowing, indicating an imminent breakout. From a longer-term perspective, XRP has fallen 14% in the past month, retreating about 45% from the July all-time high of $3.65. Trading activity has also decreased, with spot daily trading volume dropping to $3.08 billion, a 26% decrease day-over-day, and the derivatives market showing a similar weakening trend. According to CoinGlass, futures trading volume has declined by 25%, with open interest slightly down to $3.69 billion. When both spot and derivatives volumes decline simultaneously, it often indicates that market participants are avoiding risk and waiting for clear directional signals.

Bitcoin has recently been lacking upward momentum, with a clear bearish flag pattern appearing on the technical chart, triggering market concerns about the next target price level. Several traders believe that Bitcoin's short-term risks are rapidly accumulating, and if it breaks below a key support level, it could trigger a deeper correction, with a target price of USD, potentially extending down to the @E5@ USD region. Trader Roman emphasized in the latest analysis that Bitcoin faces an approximately 17% potential decline. He pointed out that since Bitcoin hit a low near USD, the price has failed to rebound effectively and has been oscillating within an upward channel. This kind of pattern is highly likely to develop into a bearish flag. Under this pattern, Bitcoin may continue to make lower lows after a brief rebound.

a16z's latest annual cryptocurrency forecast report indicates that by 2026, blockchain, artificial intelligence agents, and the global payment system will undergo profound transformations. The report focuses on three key trends: the rise of AI agents, the integration of payments into the underlying network, and the full advent of the privacy blockchain era. These changes will reshape the financial infrastructure of the internet. Firstly, a16z believes the most disruptive force will come from the explosive growth of autonomous AI agents. In future financial markets, the number of AI agents will far exceed human participants, but currently they still lack authentication, permissions, and compliance frameworks. a16z predicts that by 2026, the first "KYA (Know Your Agent)" standard will emerge, binding identities, responsibilities, and rules to agents, enabling them to conduct secure on-chain transactions and truly become market participants with programmable economic behaviors.

Pi Network has officially revealed the winners of its 2025 Hackathon, marking the first global developer competition since the launch of the Open Network. With more than 215 Mainnet app submissions, the event highlights the rapid growth of Pi’s developer ecosystem and rising interest in building real-world utility on the Pi blockchain. The winning projects focused on key themes such as privacy, retail rewards, gaming, entertainment and social tools. Overall, the hackathon results demonstr

ChainCatcher news, in the 2025 Entrepreneur Middle East Leadership Awards held in Dubai, Gate was awarded the "Crypto Industry Icon" for the year. This honor is awarded by the over ten-year-old business media Entrepreneur Middle East, to recognize outstanding representatives who demonstrate significant influence, industry driving force, and ecological contribution in the global crypto and Web3 fields. As one of the earliest platforms to establish a global layout within the industry, Gate has long focused on user experience, security system construction, and continuous investment in key infrastructure, and has continuously strengthened practices in asset transparency, compliant operations, and promoting industry standardization. In recent years, Gate

Gate News Bot Message, December 12th, according to CoinMarketCap data, as of press time, LINK (Chainlink) is trading at $14.08, up 3.64% in the past 24 hours, reaching a high of $14.98 and a low of $13.23. The 24-hour trading volume is $595 million. The current market capitalization is approximately $9.809 billion, an increase of $345 million from yesterday, ranking 13th. Chainlink is the industry-standard oracle platform, dedicated to bringing capital markets on-chain and supporting most decentralized financial applications. As an integrated oracle platform, Chainlink provides key infrastructure for creating cross-chain interactive advanced blockchain applications, including data, compliance, privacy, connectivity, and orchestration features.

On Thursday, the US stock market retreated, with Oracle's stock price plunging over 11%, marking the largest drop in nearly a year. The market is once again worried that the rapid growth of artificial intelligence (AI)-related capital expenditures, which far exceeds actual returns, could put pressure on the balance sheets of tech giants. In contrast, the cryptocurrency market performed relatively stably, forming a mild decoupling from the weak performance of tech stocks. Data shows that Bitcoin (BTC) has rebounded above $92,000, maintaining a slight upward trend after holding onto key support levels, rising approximately 2.6% for the day. Traders are more focused on the maintenance of trend structure, with capital flowing into large-cap assets and risk appetite remaining cautious. Ethereum (ETH) also rose to around $3,260, while SOL increased by over 6%, outperforming mainstream assets and indicating a market recovery in demand for high-volatility Layer-1 tokens.

Netflix has released a trailer for the comedy "One Attempt Remaining," starring Jennifer Garner. The film tells the story of a divorced couple racing against time to recover a $35 million cryptocurrency key.

The Federal Reserve's rate cut again did not trigger a significant rebound in risk assets, and the overall crypto market remains cautious. Dogecoin (DOGE) continues to consolidate above key support levels. On Wednesday, the Federal Reserve announced a 25 basis point cut to the benchmark interest rate, bringing it to the 3.5%-3.75% range. This is the third rate cut this year, but internal disagreements over the future easing path have intensified, making it difficult for market risk appetite to be fully unleashed. Against the backdrop of complex macro sentiment, on-chain activity for Dogecoin remains active. Large whale wallets have increased their holdings by approximately 480 million DOGE in recent days. Although the launch of Dogecoin spot ETFs by Grayscale and Bitwise has attracted market attention, it has not yet led to sustained unilateral trends.

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

BlockBeats News, December 12 – Liquid Capital (formerly LD Capital) founder Yilihua posted on social media, expressing continued strong optimism for Ethereum. The reasons are as follows: First, the Wall Street consensus is strengthening: the SEC Chair's latest statement that "financial migration to the chain" is underway, with U.S. political and economic elites working together to promote the tokenization of U.S. debt, with Ethereum as the core platform. Second, Fusaka's upgrade reshapes value: Blob fees have surged dramatically, with over 1500 tokens burned in a single day.

On Thursday, U.S. President Donald Trump signed an executive order directing the Department of Justice to challenge state laws in the field of artificial intelligence, especially those enacted independently in the absence of federal regulation. The order establishes an Artificial Intelligence Litigation Working Group, emphasizes federal priority, and may question state laws on the grounds of interstate trade protection, with Colorado’s “Algorithm Discrimination” bill becoming a key focus. In the order, Trump stated that a unified national standard is more conducive to innovation than 50 individual state approaches, claiming that excessive state regulation hampers the development of American AI companies. However, the order was immediately criticized by labor groups, technology policy organizations, and AI researchers, who argued that it sidesteps the potential risks of AI systems and favors the interests of large tech companies. The United Food and Commercial Workers Union pointed out that the order threatens state government rights and may undermine workers’ jobs and rights. AI expert Gary Marcus warned that the order could make Trump himself responsible for economic or social risks related to AI.

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?"

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.

Terra's LUNA token experienced a rare explosive surge this week, rising over 250% in the past ten days, clearly outperforming the overall cryptocurrency market. Key factors driving this rally include the implementation of network upgrades, the countdown to the legal trial of Terraform Labs co-founder Do Kwon, and cyclical rebounds caused by technical structures. The rally was first triggered by the Terra v2.18 network upgrade on December 7. This update mainly improved node performance, fixed memory vulnerabilities, and addressed intermittent reliability issues that had plagued the network for months. As technical improvements boosted market sentiment, external events further intensified volatility. Do Kwon is scheduled to be sentenced on December 11, 2025, at the Manhattan Federal Court. He has previously admitted to fraud charges related to the 2022 TerraUSD collapse. The incident caused approximately $40 billion in market capitalization to evaporate. Prosecutors seek a 12-year prison sentence, while the defense advocates for a lighter sentence. This legal milestone has become a major focus for short-term traders. As the verdict approaches, market speculative sentiment has significantly heated up, causing LUNA trading volume and price to rise in tandem.

The Federal Reserve cut interest rates by 25 basis points as scheduled, and the market reacted quickly, with Ethereum emerging as the biggest winner. Although Bitcoin hovered around $92,000, ETH successfully held its pre-meeting gains above $3,300, highlighting its sensitivity to liquidity cycles. This round of gains was not driven by leverage but by a structural reevaluation fueled by spot demand. CryptoQuant data shows that despite ETH prices rising, the funding rates in the derivatives market remain low, indicating that the typical high-leverage bubbles associated with upward movements have not appeared. On-chain data also supports this trend. Santiment reports that in the three weeks leading up to the Federal Reserve meeting, "whales" and "sharks" accumulated approximately 1 million ETH, worth over $3.1 billion. This suggests that institutions were betting early on a continued easing cycle by the Fed rather than aggressive tightening. Meanwhile, the approximately $66.5 billion in stablecoin reserves (dry powder) on exchanges provides strong potential buying pressure for the rally.

Sei (SEI) price tests the $0.14 key resistance level again amid surging trading volume, and its new integration with Xiaomi Wallet has also drawn market attention to its long-term potential. As of now, SEI is priced at $0.1421, up 2.1% in the past 24 hours, up 2.3% over the past week, but down 24% over the past 30 days, remaining in a generally weak structure. The rapid increase in market activity is the core driver of recent market trends. In the past 24 hours, SEI's spot trading volume surged 261% to $237 million. Derivatives data is also strong, with open interest increasing 8.7% to $100 million, and derivatives trading volume rising 202% to $400 million. This indicates that funds are establishing new positions, which typically suggests that a directional breakout in the market is imminent.

Stellar (XLM) shows a new TD Sequential “9” buy signal near a key support zone, and analysts believe this could lead to a rebound in price. According to recent insights from crypto market analyst Ali Martinez, the technical signals appearing on the weekly chart are highly similar to the patterns observed before XLM's strong upward movements in the past, but whether the trend can be confirmed still depends on buying demand. Martinez pointed out in a public chart that XLM has again touched the demand zone and a TD Sequential “9” signal has appeared at that level. The last time this signal appeared, XLM's price nearly doubled, making this zone a historically strong support level. The current structure shows that Stellar has significantly pulled back from the summer highs and is in a consolidation phase, echoing the patterns seen before previous upward rallies.

Polkadot (DOT) price recently retreated again to about $2, which is considered a key long-term accumulation zone since 2022. According to the latest insights from analyst Egrag Crypto, this area has structural support and is regarded as DOT's "home zone" over the years, but it is currently unclear whether the market has truly bottomed out. DOT price touched around $2, with a significant pullback during trading, followed by sideways consolidation in this critical price region. Egrag Crypto pointed out that he had previously positioned in DOT at higher prices and continued to add to his holdings during the recent pullback. Based on historical trends and Polkadot's core role in multi-chain infrastructure, this zone is seen as an important position of long-term structural support.

Pi Coin is under renewed selling pressure after breaking a critical chart pattern that previously supported its November uptrend. The token has fallen nearly 10% over the past week and another 4% in the last 24 hours, confirming a downside pattern break that now threatens to push the price toward a new all-time low. The key question for traders is whether Pi Coin can stabilize before deeper losses emerge. Pi Coin’s breakdown below the neckline near \$0.219 completed a classic head-and-sho

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.

Antalpha Platform Holding Co. reviews participation at the Bitcoin MENA 2025 Conference, emphasizing the shift of Bitcoin from a speculative asset to a financial infrastructure, committed to promoting it as the underlying asset for institutional credit and corporate treasuries, continuing to play a key role in technology and financing.

ChainCatcher Message, according to on-chain data, the main reason Bitcoin prices are currently difficult to recover is due to insufficient liquidity. Data shows that since August, the 7-day average of stablecoin inflows into exchanges has plummeted from $158 billion to approximately $76 billion, a 50% decrease. The 90-day average has also declined from $130 billion to $118 billion. Analysis indicates that this reflects weak demand for Bitcoin, unable to absorb market selling pressure. The current market is in a downward trend, and recent slight rebounds are mainly due to reduced selling pressure rather than a return of buying interest. Tracking stablecoin inflows helps to determine whether new liquidity is about to enter the market. Analysts emphasize that for Bitcoin to restart a genuine bull market, the key is new liquidity entering the market. The current market lacks sufficient buying power to support a price increase.

XRP once again failed to break through the $2.09-$2.10 resistance level on Wednesday and experienced a rapid institutional sell-off after reaching a high, causing the price to fall back to the key $2.00 mark. The daily decline was 4.3%, underperforming the overall cryptocurrency market. Nevertheless, spot ETF funds continued to see net inflows of over $170 million this week, presenting a special divergence where the price weakens while supply tightens. From the data, XRP faced strong selling pressure around $2.08, with hourly trading volume soaring to 172.8 million, 205% higher than the daily average. Such volume expansion typically indicates institutions distributing at resistance levels, rather than retail panic selling. The overall trading volume for the day increased by 54% compared to the 7-day average, further reinforcing the view that institutional funds are driving this round of correction.

ChainCatcher message, Security Alliance founder Samczsun posted that relying solely on code audits, formal verification, and high bug bounty rewards is still not enough to prevent hacker attacks. The annual review of smart contracts is the key fourth step to ensure protocol security. Samczsun pointed out: 1. Higher bug bounties cannot prevent hacker attacks because it only doubles down on the assumption that white hats will find vulnerabilities before black hats. The same amount can be used to support multiple re-audits over several years. 2. Risk levels grow linearly with TVL, but security budgets do not increase accordingly. 3. Audit reports are only security assessments at a specific point in time, which can expire. Since the protocol environment is constantly changing, the only way to refresh the assessment is to conduct re-audits. Samczsun believes that by 2026, the crypto industry should adopt an annual

After weeks of bipartisan negotiations, the legislation on cryptocurrency market structure in the U.S. Senate has yet to make substantial progress. Democrats submitted the latest counterproposal, accepting some Republican framework, but insisting on major reforms in financial stability, market integrity, national security enforcement, and digital asset conduct for public officials. These disagreements indicate that there is still no consensus within the Senate on the core regulatory framework of the bill. Key points of contention include digital asset information disclosure, secondary market protections, tools for illegal financial identification and suppression, compliance obligations for decentralized platforms, and restrictions on stablecoin yields. Democrats are also pushing for strict ethical standards to prevent elected officials from profiting through cryptocurrency projects, which is closely related to controversies involving investments by the Trump family. However, the White House has vetoed some ethical provisions and Democratic nomination requirements, further complicating negotiations.

Gate News Bot message, December 11 — According to CoinMarketCap data, at press time, LIGHT (Bitlight) is priced at $0.85, up 31.03% in the past 24 hours, with a high of $1.47 and a low of $0.57. The 24-hour trading volume reached $34.8 million. The current market capitalization is approximately $36.6 million, an increase of $8.67 million compared to yesterday. Bitlight Labs is committed to "making Bitcoin smarter," a member of the LNP/BP Association, and a major contributor to the RGB protocol. The company leads the development of native smart contract infrastructure for Bitcoin and the Lightning Network, driving the development of native BitcoinFi. As a key contributor to the Lightning Network, Bitlight Labs has developed the RGB Lightning Network node (RLN) based on LDK.

Odaily Planet Daily News reports that Alliance DAO co-founder qw shared his personal ranking of "the levels of competitive moats across different industries" today, and pointed out that the moat of blockchain itself is very limited, at approximately 3/10. qw's moat scoring system is as follows: 10/10 (Strongest Moat): Microsoft (Key SaaS), Apple (Brand + Ecosystem), Visa/Mastercard (Payment Network Effects), TSMC (IP + Physical Infrastructure) 9/10: Google (Search and AI IP), Amazon (E-commerce Network Effects + Logistics Infrastructure), Moody's, S&P, FICO (Regulatory Driven + Brand + Rating Network Effects), Major Cloud Providers (AWS/Azure/GCP, etc.) 8/10: Meta (Social Network Effects), NVIDIA (IP +

PANews December 10 News, according to Cointelegraph, Vitalik Buterin states that the occasional "loss of finality" on Ethereum does not pose a serious risk, with the key being to avoid "incorrect finalization." During this delay in finality caused by a Prysm client vulnerability, the chain can still operate normally. Ethereum expert Fabrizio Romano Genovese said that when finality is temporarily lost, Ethereum is more similar to Bitcoin, with its finality being probabilistic; Ethereum's rule is: when a block receives over 66% validator votes, it becomes "Justified," and after two more rounds of Epochs (64 blocks), it becomes "Finalized." He pointed out that this situation occurred in May 2023. Polygon states cross-chain and

According to BlockBeats news, on December 10th, CryptoQuant analyst Axel posted on social media that Bitcoin has regained its bullish structure after a pullback to $80,000. The move comes against the backdrop of the market almost fully pricing in a third consecutive rate cut by the Fed, which will improve financial conditions and open a window for further asset gains without Powell releasing hawkish surprise signals. Since the peak pullback to the $80,000 range in October, the price has shown a steady upward trend over the past 14 days. The key signal is: the 200-day moving average (DMA) slope (blue histogram) has turned positive for the first time in a month, indicating that short-term bullish momentum has returned. The current price has stood above the 50-day and 200-day moving averages, and the trend is confirmed. The 52-week high (orange line) forms a key resistance level – once breached, it will be a follow-up

Avalanche blockchain developer Ava Labs, the Blockchain Association, and the Digital Chamber of Commerce recently held a key meeting with the U.S. Securities and Exchange Commission's (SEC) Cryptocurrency Working Group to discuss the direction of U.S. regulation of protocol tokens and crypto assets. The meeting also included legal experts from Sidley Austin LLP, focusing on how the SEC and the Commodity Futures Trading Commission (CFTC) are aligning regulations. According to the memorandum issued by the SEC, the meeting focused on optimizing the regulatory structure for cryptocurrencies, enhancing industry transparency, and clarifying the regulatory ownership of protocol tokens across different lifecycles. The "two-phase regulatory framework" proposed by Ava Labs and Sidley Austin was one of the centers of the discussion. The proposal suggests: the first sale of protocol tokens before the launch is regulated by the SEC and treated as an investment contract; After the token is launched, it will be regulated by the CFTC and treated as a commodity. This initiative aims to provide a clearer and more enforceable regulatory environment for protocol tokens without relying on new legislation.

Zcash (ZEC) is trying to recover lost ground after the November plunge. After experiencing a significant decline of over 55%, ZEC has recently rebounded by approximately 40%, and market sentiment has recovered, but the full recovery still faces multiple uncertainties. In terms of technical indicators, the RSI has broken above the 50 neutral range for the first time in two weeks, indicating increased buying power and a short-term bullish bias is forming. In general, the RSI's return to positive range is often seen as an early signal of a trend reversal, but this does not mean that ZEC has established itself in an upward trend. The macro market remains highly sensitive to risk assets, and the slightest movement could weaken ZEC's new vitality, so sustained buying is key to short-term gains.

Solana (SOL) price is approaching the key resistance level of $140, and several on-chain and derivatives indicators suggest that it may be in a "deep cycle reset" phase, signaling a potential strong rally. On December 10, SOL was trading at $138, up 5% in 24 hours, but still down 17% over the past month. Over the past week, the price has traded sideways between $128 and $145, but it has been accompanied by a significant increase in volume. Yesterday's trading volume reached $6.97 billion, a year-on-year increase of 34%, indicating a rise in interest in the spot and futures markets. According to CoinGlass data, Solana derivatives volume increased by 23% to $18 billion, and open interest (OI) rose to $7.25 billion. An increase in OI during a sideways price movement usually means that traders are accumulating positions to lay out in advance for potential trend reversals.

Hyperliquid (HYPE) has recently seen large whale buying, with the two major wallets investing a total of more than $4.2 million, breaking the current bearish sentiment with strong capital inflows. These large holders are not only actively adding to their positions at the current price but also retaining large USDC reserves, hinting at the possibility of continued buying in the future. However, retail investors remain cautious, leaving the market divided between confidence and hesitation. Despite strong inflows, HYPE's technical structure remains weak. The price continues to move along a narrow descending channel, forming lower highs and lows. $35.48 emerged as a key resistance level that failed to break through multiple attempts. The MACD maintains a bearish stance with the line below the signal line and the momentum bar continues to be weak. The RSI is close to 34, which also indicates that sellers are dominant. However, the price is approaching a psychological support zone that has seen multiple rallies in history and could be a key area for bulls to watch in the short term.

Aave Labs has officially submitted a governance proposal, planning to deploy Aave V0 on Day 3 of the MegaETH mainnet launch to lock in early liquidity and meet strong lending demand. The proposal, released on December 8, restarted previous discussions about MegaETH deployment and updated the provisions with the participation of risk service providers. Aave said that MegaETH is completing the construction of key infrastructure such as oracles, and as the mainnet approaches, the team believes that V3 should be deployed as soon as it goes live to convert early network activity into protocol use. The first-mover advantage will help Aave prioritize attracting lending and asset supply demand before liquidity is dispersed across multiple protocols.