HashBandit

【Crypto World】Recently, there has been an interesting phenomenon—Binance's presence in Bitcoin futures is becoming increasingly prominent. According to data, Binance has now become the largest trading platform for Bitcoin futures, with a position volume of 125,000 BTC, equivalent to approximately $11.2 billion.
In comparison, the traditional financial veteran CME (Chicago Mercantile Exchange) is not having such a good time. Their BTC holdings have fallen to 123,000 BTC, hitting a new low since February 2024. This change is quite intriguing—from a certain perspective, it reflects that the focus of the crypto market is gradually shifting towards leading exchanges, and Binance's advantages in market liquidity and trading depth are quite evident.
Of course, this may also indicate that traditional financial institutions are adjusting their participation in BTC futures. Market structure changes always come with opportunities and risks, so it’s still necessary to keep an eye on these data changes.

The latest data shows that on December 30th, both Bitcoin and Ethereum spot ETFs experienced net outflows of funds. Bitcoin saw a net outflow of $19.3 million, and Ethereum saw a net outflow of $9.6 million, reflecting selling pressure from institutional investors on these two major cryptocurrencies.

Recently, Bitcoin (BTC) has shown a clear bearish trend, with prices dropping significantly, trading volume decreasing, and the market remaining quiet. Technical indicators show the MACD forming a death cross, indicating that the bears are gaining momentum. It is recommended to monitor the key support level at 86417.0 and resistance level at 89248.0, and develop corresponding trading strategies.

【BlockBeats】The OTC trading circle has recently been discussing a question—will the New Year market rally start early? Wintermute's Head of Trading Jake O has given an answer: probably not.
His logic is very clear. Most institutional trading departments are in a wait-and-see mode this week, and the real shift will happen after January 1st. At that time, traders will re-enter the market with a "reset" mindset, and the market's attention will shift from the inertia of year-end actions to a series of upcoming events.
How important are these events? Just look at the schedule at the start of the year. The Federal Reserve Chair nominee will be announced soon, and the Supreme Court will also make a statement on tariffs. On the domestic policy front, the "Clarity Act" bill is entering the revision and review stage, and the supplementary leverage ratio (SLR) regulatory requirements will also be updated. There are also many crypto-related topics—MSCI will decide on the 15th whether to include crypto-related stocks in the index.

【Crypto World】 The US spot market has recently shown weak demand, with the premium of a leading compliant exchange even turning negative, indicating that buying pressure cannot effectively absorb selling pressure. In this situation, the derivatives market has become the main driver of short-term price fluctuations. Large traders have recently taken significant actions, heavily betting on leveraged short positions: Bitcoin added $119 million, Ethereum added $106 million, and Solana directly投入 $43 million. These transactions are all sizable, reflecting the market participants' strong pessimism about the future outlook.

Well-known crypto investment firm Trend Research recently increased its holdings by 11,520 ETH, indicating a bullish outlook on Ethereum. They expect a bull market to emerge by 2026 and have analyzed the impact of market structure and favorable policies, continuing to hold significant positions in ETH and other cryptocurrencies to prepare for future market changes.

Standard Chartered Bank (Hong Kong) in collaboration with Ant International has launched a blockchain-based tokenized deposit solution that allows real-time transfers of HKD, offshore RMB, and USD. The program leverages the regulatory framework of the Hong Kong Monetary Authority to enhance the efficiency of fund flows, provide secure channels for global business, and demonstrate traditional financial institutions' active adoption of blockchain technology.

Recently, Paxos issued a stablecoin PYUSD transfer of 810 million tokens, attracting market attention. This large transfer may impact liquidity and trading intentions and could reflect changes in market dynamics.

【Crypto World】Canton Token's recent performance has been truly astonishing — its market capitalization has surpassed Shiba Inu. Currently, Canton ranks 25th with a market cap of $4.6 billion, while SHIB has fallen behind with a market cap of $4.34 billion.
In terms of price performance, it’s also quite impressive. Canton’s trading price is around $0.1254, having surged 14.05% in the past 24 hours, with a weekly increase of 17.04%. In comparison, SHIB’s gains are much more modest.
What does this reversal reflect? Canton mainly targets institutional investors and is positioned as a platform in the RWA (Real World Asset Tokenization) sector. This track has indeed been gaining popularity recently. However, Cardano founder Charles

The article analyzes the misinterpretation of the market's expectations for Trump's policies in 2025, suggesting that crypto assets will face uncertainties related to tariffs and interest rates. By 2026, the industry is expected to shift from speculation to utility tokens, gradually establishing a regulatory framework, encouraging institutional entry, and emphasizing the importance of real-world use cases. This marks a turning point and repositioning for the crypto industry.