As the cryptocurrency market continues to be sluggish, the huge gap between the actual market value of many blockchain projects and their early venture capital valuations has been thoroughly exposed. CryptoRank summary data shows that many crypto startups once favored by venture capital firms and valued near or even reaching unicorn levels now have a market value in the secondary market that is only a small fraction of their previous valuation, reflecting a systemic valuation reset amid tightening liquidity. Data shows that Humanity Protocol was once valued at nearly $1 billion in venture capital funding, but its current market value is about $285 million. Fuel Network was also valued close to $1 billion during its funding stage, but its current market value is only about $11 million. Bubblemaps has a similar situation; its venture capital valuation was once high, but now its market value is only about $6 million.

The US Treasury is facing unprecedented pressure. In the fiscal year 2025, the interest payments on the US federal government debt will exceed $1 trillion for the first time, surpassing defense spending and also exceeding Medicare expenditures, setting a record high. This change has sparked widespread discussions about the sustainability of US finances and has also brought significant attention to the role of stablecoins in the macro financial system. Data shows that in the fiscal year 2020, the US net interest expense was only $345 billion, but by 2025, it has approached $970 billion; including all public debt interest, the total officially exceeds $1 trillion. The Congressional Budget Office estimates that over the next ten years, cumulative interest payments will reach $13.8 trillion, nearly double the amount of the past twenty years. Some institutions even warn that in a more pessimistic scenario, annual interest expenses could rise to $2.2 trillion by 2035.

As the large-scale Bitcoin options expiration approaches, the derivatives market structure is changing. Market participants believe that Bitcoin's price is expected to break out of the sideways trading range of $85,000 to $90,000 since December and make a push towards higher levels. Previously, amid a strong US stock market and gold reaching record highs, Bitcoin was confined to a range-bound oscillation for a long time, disappointing many investors. The key reason behind this was the hedging mechanism in the options market. Near the current price, a large number of options are expiring. Options give traders the right to buy or sell Bitcoin at a specific price, while option sellers typically hedge dynamically through spot and futures markets. Their behavior is influenced by "Delta" and "Gamma." When the price approaches the high Gamma zone, traders need to buy and sell frequently to hedge risks, which suppresses price volatility.

The debate over whether airdropped tokens should be held long-term or sold as soon as possible has once again become the focus of the crypto market. A recent on-chain and market data analysis shows that most airdropped tokens perform far below expectations after issuance, with rapid price declines becoming the norm. This has led to the view that "cash out immediately" is increasingly seen as a more rational strategy. Crypto trader Didi shared his airdrop records over the past year on the X platform, with quite a harsh result: out of 30 received airdrops, only 1 token is currently trading above its issuance price (TGE). Among them, M3M3 has dropped 99.64%, Elixir 99.50%, USUAL 97.67%; even well-known projects like Magic Eden have fallen 96.6%, Jupiter 75.9%, and Monad over 39%. The only token with a positive return is Avantis, which has increased by 30.4%.

Gate News Bot Message, December 24th, according to CoinMarketCap data, as of press time, XMR (Monero) is trading at $434.88, up 0.09% in the past 24 hours, with a high of $497.16 and a low of $407.63. The current market capitalization is approximately $8.022 billion, ranking 14th. Monero is a private, decentralized cryptocurrency dedicated to protecting users' financial privacy and security. As a true currency, XMR can be used to privately exchange goods, services, and other currencies, with extremely low transaction fees. Users can acquire Monero through various methods, including mining, providing services in exchange, or trading on exchanges. The Monero project is driven by a decentralized community of hundreds of volunteers from around the world, including the Monero Research Laboratory (MRL), composed of researchers and cryptographers, dedicated to continuously improving and enhancing the project.

As the end of the year approaches, the performance of Bitcoin and gold in terms of gains and losses has once again become a core topic in the cryptocurrency market and the macro investment circle. As two widely regarded "store of value" assets, Bitcoin and gold have shown very different price trends over the past two years, but their final returns are surprisingly close. This phenomenon has sparked a rethinking among investors about risk structures and asset attributes. Data shows that although Bitcoin and gold have had markedly different market rhythms over the past two years, their cumulative returns are almost the same. However, based on this year's performance, gold has clearly outperformed Bitcoin, with a significantly higher increase within the year. Market forecasts indicate that if current trends continue, by 2025, gold prices may outperform Bitcoin by approximately 79%, highlighting the appeal of safe-haven assets in uncertain environments.

In the past 6 hours, the whale address "20 million wave hunter" has been continuously closing short positions in ETH, HYPE, and others. Currently, the holdings amount to approximately $111 million, mainly focused on ETH and HYPE, with profits exceeding $104 million.

Gate News Bot Message, December 24th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.20, up 1.17% in the past 24 hours, with a high of $0.22 and a low of $0.20. The current market capitalization is approximately $1.708 billion, ranking 41st. Pi is the first digital currency that can be mined on mobile phones, achieving mobile mining without draining battery through breakthrough technology. PI features decentralization, mobile-first design, energy efficiency, and environmental friendliness, aiming to make cryptocurrency mining simple and accessible, providing ordinary users with the opportunity to participate in the cryptocurrency revolution. Users can start mining through a free mobile app, and can join simply by an invitation from existing trusted members in the network.

Spot gold first broke through $4,500 per ounce, with an increase of over 70% year-to-date, marking the best annual performance since 1979. Central banks around the world have increased gold reserves due to geopolitical risks and dependence on the US dollar, with Russia and China holding the largest reserves.

Gate News bot message, the cryptocurrency market experienced a decline as traders reduced risk exposure following macro news developments. Open Interest decreased by 5%. $ETH and $BTC ETFs recorded outflows last week, totaling nearly $1 billion, demonstrating institutional investor caution. $BTC tra

Recently, legendary trader Arthur Hayes has once again attracted market attention. According to on-chain data monitoring, he recently transferred 682 ETH into a mainstream CEX, which is worth approximately 2 million USD at current prices. This move is widely interpreted by the market as a potential sell signal and further reinforces the market expectation that “Arthur Hayes is betting on DeFi and is temporarily bearish on ETH.” The on-chain analysis platform Lookonchain revealed that Arthur Hayes has been systematically reducing his ETH holdings and shifting funds into yield-oriented DeFi tokens. Data shows that he has previously sold about 1,871 ETH, valued at approximately 5.53 million USD, and allocated the proceeds into DeFi project tokens such as ENA, PENDLE, and ETHFI. In the past week, Hayes has invested several million dollars into Ethena, Pendle, and ether.fi ecosystems, demonstrating a high level of confidence in DeFi yield models and protocol tokens.

Despite the overall easing macro environment, Bitcoin has not experienced a "Christmas rally" this year. Since reaching a record high in October, BTC prices have retreated by about 30%, significantly underperforming traditional risk assets such as stocks and gold. Analysts believe that the issue is not a deterioration in fundamentals, but rather multiple structural factors exerting short-term pressure on Bitcoin prices. First, there is the persistent "mechanical" supply pressure. Several analysts point out that early investors holding Bitcoin long-term are choosing to take profits in stages near the key psychological threshold of $100,000. Such selling behavior is not sensitive to price, and even if Bitcoin's fundamentals remain solid, it can create continuous selling pressure in phases, dragging down BTC's trend.

The latest regulatory documents show that Berkshire Hathaway, led by Warren Buffett, significantly adjusted its technology stock holdings in the third quarter, drastically reducing its Apple shares while increasing its Alphabet stock holdings, signaling a clear shift in investment focus toward artificial intelligence, cloud computing, and digital advertising. The documents disclose that Berkshire sold approximately 41.7 million Apple shares during the quarter, reducing Apple's share of its portfolio to about 21%. Compared to the peak of its holdings two years ago, Berkshire's cumulative reduction in Apple shares has reached approximately 74%. Although Apple remains one of its key core holdings, this change is interpreted by the market as Buffett beginning a structural rebalancing within the technology sector.

Foresight News 消息，据 Lookonchain 监测，可能有人正在操控 TST 价格。某巨鲸创建了 3 个钱包并向 Hyperliquid 存入了 247 万 USDC，以 1-2 倍杠杆做多 1.274 亿枚 TST（价值约 220 万美元）。该巨鲸仍在继续累积 TST 做多仓位。

As the market continues to be sluggish, Bitcoin is facing an unusual situation. The latest data shows that Bitcoin's current price has fallen below its opening price at the beginning of the year, which means it may experience its fourth annual decline since inception. Previously, Bitcoin only experienced annual declines in 2014, 2018, and 2022, and all three years were considered typical bear market cycles. Unlike in the past, the market environment in 2025 does not fully exhibit traditional bear market characteristics, which has also raised doubts among investors about the current trend. Analysts generally focus on the dramatic event on October 10th, known as "Black October." On that day, the crypto market experienced historically significant leverage liquidations, liquidity sharply contracted, and Bitcoin along with most altcoins suffered simultaneous heavy declines.

After the US GDP growth rate in Q3 2025 significantly exceeded expectations, the direction of monetary policy has once again become the market's focus. The latest data shows that the US Q3 GDP annualized growth rate reached 4.3%, significantly higher than the market consensus of 3.3%. Against this backdrop, President Trump publicly urged the Federal Reserve to start cutting interest rates as soon as possible to support economic expansion and unleash stronger growth momentum. In a public statement, Trump said that such strong economic performance itself proves that inflation risks are not out of control, and the Federal Reserve should adopt a more accommodative monetary policy. He criticized the current high interest rate levels, believing that maintaining high rates during an economic acceleration would instead suppress corporate investment and consumer demand, weakening the long-term potential of the US economy. This stance clearly diverges from the Federal Reserve's current policy approach, which centers on "anti-inflation priority."

Gate News Bot Message, December 24th, according to CoinMarketCap data, as of press time, PIPPIN (pippin) is reported at $0.48, up 25.03% in the past 24 hours, with a high of $0.50 and a low of $0.30. The 24-hour trading volume reached $82.6 million. The current market capitalization is approximately $479 million, an increase of $95.8 million from yesterday. Pippin is a project dedicated to building a gentle and inclusive community. The project is themed "Wobbly Worlds," emphasizing kindness interactions and organic connections, with infrastructure based on BabyAGI framework technology. The project includes the Pippin unicorn character design and its related storytelling philosophy, supported by a token mechanism for the community. ## Important recent news about PIPPIN: 1️⃣ **Sol

Japanese Bitcoin asset management company Metaplanet recently disclosed its capital and Bitcoin reserve plans, continuously strengthening market bullish expectations. Several analysts in the Bitcoin fund management field believe that if macro and crypto market conditions align, a significant rise in Metaplanet's stock before 2027 is not just wishful thinking. Bitcoin fund management analyst Hermes Lux predicts that Metaplanet's US OTC stock MPJPY could increase by approximately 1500% by the end of 2027, with a potential phased increase of 402% in 2026. This judgment is based on two key assumptions: first, that Bitcoin prices will maintain an average annual compound growth of about 40% over the next few years; second, that Metaplanet plans to increase its Bitcoin holdings to 100,000 BTC by 2026, and further to approximately 210,000 BTC in 2027.

Under the dual influence of year-end holidays and tightening liquidity, US spot Bitcoin and Ethereum ETFs experienced significant net fund outflows on the eve of Christmas, and market risk aversion sentiment has increased. Data shows that this round of capital withdrawal mainly reflects phased rebalancing and seasonal factors, rather than a fundamental change in institutional outlook on the long-term prospects of cryptocurrencies. According to SoSoValue data, the US spot Bitcoin ETF recorded approximately $188.6 million in net outflows on Tuesday, marking the fourth consecutive trading day of capital outflow. Among them, BlackRock's IBIT was the largest outflow product, with a single-day net outflow of up to $157.3 million. Meanwhile, Fidelity's FBTC, Grayscale's GBTC, and Bitwise's BITB also experienced varying degrees of capital outflows. Overall, the spot Bitcoin ETFs saw a total net outflow of about $497.1 million last week, contrasting sharply with the nearly $287 million net inflow in the previous week.

Gate News Bot message, December 24th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is currently trading at $2927.89, down 1.16% in the past 24 hours, with a high of $3073.35 and a low of $2777.12. The 24-hour trading volume reached $19.497 billion. The current market capitalization is approximately $353.381 billion. Ethereum is a decentralized open-source blockchain network and software development platform powered by the cryptocurrency Ether (ETH). As a next-generation permissionless global infrastructure for applications, the Ethereum network is open to everyone, with no permission requirements, built and maintained collectively by thousands of individuals, organizations, and users worldwide.

Curve DAO (CRV) has been in a downward channel since August, with an overall bearish trend. After the price broke below $0.37, the market generally expected it to further decline to the long-term key support level of $0.243. However, CRV only briefly touched a low of $0.331 before quickly rebounding to $0.385, rising about 16% in just over four days, sparking discussions about a "trend reversal." From a structural perspective, this rebound is more of a technical correction rather than a trend reversal signal. Previously, AMBCrypto's analysis of CRV indicated that it remains in a clear bear market pattern. This rally just filled the imbalance area on the 6-hour chart and also absorbed some short-term selling pressure. Despite the presence of capitulation sentiment and whale sell-offs in the market, these factors did not prevent the occurrence of a short-term rebound.

The privacy blockchain project Midnight (NIGHT) based on zero-knowledge proofs has recently experienced a noticeable correction, sparking market discussions about whether the trend is reversing. According to the latest data, this correction appears more like a technical breather after a cooling of derivatives rather than a clear signal of an overall market weakening. In the past 24 hours, NIGHT's trading volume has dropped sharply by about 50%, down to $3.97 billion, reflecting short-term capital withdrawal. However, it is worth noting that this is more indicative of capital rotation rather than a collective exit by investors. On-chain data shows that the number of investors briefly fell to 6,110 on December 20 but quickly rebounded to 6,500, indicating that market participation remains resilient. During the same period, NIGHT's market capitalization increased by approximately $430 million, despite a short-term decline from its high to $1.52 billion, with no signs of structural collapse.

Over the past week, Ethereum (ETH) prices have generally remained sideways with fluctuations. On the surface, the market appears calm, but technical charts and on-chain data reveal clear signals of structural changes. Several indicators show that Ethereum is building a potential medium-term reversal pattern, while the selling pressure from long-term holders has significantly decreased. This combination is relatively rare in history. From a technical perspective, on the daily chart, Ethereum is forming a classic inverse head and shoulders pattern, which is one of the more reliable bullish reversal structures in the crypto market. The current neckline of the pattern is around $3,400 and appears relatively flat. Historical experience suggests that once a flat neckline is effectively broken, it is often accompanied by a stronger trend of upward movement. Based on this pattern, once ETH breaks above the neckline with increased volume, its theoretical target price could reach the $4,400 area.

Pudgy Penguins (PENGU) has recently continued to weaken, attracting widespread market attention. Data shows that over the past five months, the price of PENGU has fallen approximately 73.5%, making it one of the weakest-performing projects in the recent NFT and meme coin sectors. Meanwhile, the overall heat of the NFT market continues to cool down, exerting significant pressure on the Pudgy Penguins ecosystem. According to NFT Price Floor data, the monthly sales volume of Pudgy Penguins NFTs has decreased by 31.4% month-on-month, reflecting a clear contraction in market demand. As the native token of the Pudgy Penguins ecosystem, PENGU is categorized as a meme coin but still carries certain ecosystem and trading attributes. However, since August, its price has been declining steadily, from $0.032 to the current approximately $0.0086, and has yet to form an effective rebound.

Under the ongoing sanctions in the West, Russia is accelerating the adjustment of its cryptocurrency regulatory stance. The Central Bank of Russia recently formulated a new cryptocurrency regulatory blueprint, planning to cautiously open the domestic crypto asset market to retail and professional investors under certain conditions. This move is seen as an important signal that Russia is re-evaluating its digital asset strategy amid the sanctions environment. According to Bloomberg, citing sources from the Central Bank of Russia, the new framework will implement tiered management of investors. Non-qualified investors, after passing a basic knowledge exam, can purchase the most liquid cryptocurrencies in the market, but must operate through a single intermediary and are limited to an annual trading cap of 300,000 rubles, approximately $3,800. In contrast, qualified investors, after completing a risk awareness test, can trade most cryptocurrencies without limits, but anonymous tokens are still excluded.

Despite the US stock market hitting new highs repeatedly this year, Bitcoin (BTC) has significantly underperformed the stock market. However, on-chain data reveals an intriguing signal: in the context of sideways price movement and weak sentiment, Bitcoin whales are still continuously buying, making the market structure appear less pessimistic than it seems on the surface. First, a key change comes from exchange data. Recently, the monthly reserve changes of Bitcoin exchanges have turned negative, indicating that the amount of BTC withdrawn from exchanges exceeds the amount deposited. Typically, Bitcoin flowing out of exchanges is seen as a signal that investors are choosing to hold long-term rather than trade short-term. While this phenomenon can occur in both bull and bear markets, sustained outflows reduce immediate selling pressure and reinforce confidence in Bitcoin’s long-term value.

Gnosis Chain officially launched a hard fork recently, successfully recovering approximately $9.4 million that was frozen during a major security vulnerability in the Balancer protocol in early November. As a key infrastructure within the Balancer ecosystem, this move by Gnosis Chain quickly sparked widespread discussion in the crypto community, focusing on the trade-offs between fund security, on-chain governance, and the principle of blockchain "immutability." According to an official announcement, the hard fork was executed on December 22, and the related funds have been completely removed from the attacker's control and transferred to a recovery address managed by Gnosis DAO. Gnosis also urged all node operators to upgrade their clients as soon as possible to avoid penalties for not following the new chain.

ChainCatcher Message, crypto trader @DaanCrypto posted on X platform stating that the market has been very calm this month, with no major events or significant fluctuations. Altcoins have plummeted, while Bitcoin and Ethereum remain relatively stable. Daan mentioned that the first quarter of 2026 will be a critical period for everyone to closely watch Bitcoin's performance, as it will have the opportunity to prove its strength. Obviously, altcoins have already experienced a bear market lasting one to two years, depending on the coin, with most altcoins peaking in early 2024.

Social media influencer and WWE star Logan Paul recently confirmed that he will auction one of the rarest Pokémon cards in history—the Pikachu Illustrator Card. This card was part of his collection, which he purchased in 2021 for approximately $5.3 million, setting a Guinness World Record as the highest-selling Pokémon trading card in a private transaction. This sale is seen as a significant liquidity event for Logan Paul during a high cycle in the collectibles market. The Pokémon card will be auctioned through the globally renowned sports memorabilia and collectibles auction house Goldin Auctions. As part of the deal, Logan Paul has received a $2.5 million advance from Goldin Auctions founder and CEO Ken Goldin, demonstrating the auction house's strong confidence in the market value of this collectible.

Gate News Bot Message, December 24th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $121.29, down 2.53% in the past 24 hours, with a high of $133.44 and a low of $117.32. The 24-hour trading volume reached $3 billion. The current market capitalization is approximately $68.231 billion, down $1.774 billion from yesterday. Solana is a leading high-performance network powering internet capital markets, payments, and crypto applications. To date, the Solana network has processed over 472 million transactions, with a throughput of 2,635 transactions per second, 50 million monthly active addresses, 3.5 billion monthly transactions, a total transaction volume of $3.3 trillion, and application revenue of $3.4 billion.

Against the backdrop of a significantly improved regulatory environment, the cryptocurrency industry in 2025 has experienced the most active year in history. With Washington's policy stance on digital assets shifting, cryptocurrency companies have been active in mergers and acquisitions, strategic investments, and industry consolidation, with total transaction volume reaching $8.6 billion, setting a record. According to relevant data, in 2025, the crypto industry completed a total of 267 transactions, including exchange acquisitions, infrastructure integrations, and institutional-level business deployments, representing an 18% increase in transaction count year-over-year. The overall transaction scale is approximately four times that of 2024, indicating a significant rebound in capital confidence in the long-term prospects of the crypto industry.

BlockBeats News, December 24 — China Property Investment Holdings Limited (736 HK) announced that the board has resolved to advance an asset allocation plan: under the premise of complying with relevant laws, regulations, and risk control, it intends to use its own funds to purchase and hold BNB and other suitable digital assets in the open market as strategic reserve assets.

Pi Network prices have recently been under continuous pressure. Against a backdrop of technical weakness, a key token unlock event is approaching. According to on-chain data, approximately 8.7 million PI tokens will be unlocked on December 25, with a current value of about 1.76 million USD. This event is seen by the market as a significant short-term risk factor that could trigger selling. Looking back at the market trend, Pi Network briefly reached a high of $0.279 in November, but then quickly retreated, with a total decline of about 31% last week, hitting a low of $0.192. Although there was some buying on dips over the weekend, the price temporarily rebounded to $0.214, but overall demand remains weak. Before macroeconomic data is released, market sentiment is cautious, and PI has fallen back to around $0.203.

PANews December 24 News, Trump signed an executive order, and U.S. federal government agencies will be on a three-day holiday from December 24 to December 26. As a result, the U.S. Energy Information Administration (EIA) will postpone the release of this week's crude oil and natural gas inventory data to December 29 (next Monday) at 23:30 and December 30 (next Tuesday) at 01:00, respectively. Additionally, U.S. initial jobless claims data will be released early due to the Christmas holiday on December 24 (today) at 21:30. Investors are advised to stay alert.

Gate News Bot message, December 24th, according to CoinMarketCap data, as of press time, MOVE (Movement) is currently trading at $0.03, up 7.99% in the past 24 hours, with a high of $0.04 and a low of $0.03. The 24-hour trading volume reached $28.9 million. The current market capitalization is approximately $96.8 million, an increase of $7.16 million compared to yesterday. Movement is a first-layer blockchain built on MoveVM, designed to provide developers with a powerful, efficient, scalable, and secure platform. Movement creates an ecosystem through the Move programming language, dedicated to creating a safe and efficient application development environment for talented developers worldwide. The network has already attracted several DeFi applications such as BRKT, Canopy, Meridian, and MovePosit.

The international precious metals market has recently strengthened, with gold, silver, and platinum prices reaching all-time highs. Spot gold broke through the $4,500 mark, with an annual increase of over 70%. This round of market movement is related to geopolitical uncertainties and expectations of interest rate cuts, while gold tokenized assets have attracted attention, showcasing new investment options.

In the global cryptocurrency regulation race, Spain is rapidly emerging. The country plans to fully implement the European Union's Markets in Crypto-Assets Regulation (MiCA) and the Administrative Cooperation Directive (DAC8) by early 2026, clearly leading the United States in the pace and enforcement of cryptocurrency legislation. These measures are expected to make Spain a key benchmark for crypto asset regulation in Europe and worldwide. According to local media reports, Spain plans to fully implement the MiCA framework by mid-2026 and simultaneously advance the implementation of DAC8. DAC8 will officially come into effect on January 1, 2026, focusing on cryptocurrency taxation and information disclosure systems, requiring exchanges and crypto service providers to automatically report user transaction records, account balances, and fund flows to EU tax authorities. This means the anonymity of crypto asset transactions will be significantly reduced, and sales, exchanges, and transfers will become more transparent, helping to improve compliance and tax enforcement efficiency.

Due to the Christmas holiday, Hong Kong stocks and several European stock markets have recently closed, while U.S. stocks closed early, and some futures contracts on CME and ICE also ended trading early.

BlockBeats 消息，12 月 24 日，据 CryptoRank 统计，今年发币的部分加密项目已远远跌破其发币前最后一轮风投融资估值。项目代币市值与上述风投估值相差最多的甚至超过百倍。如：Bubblemaps 代币 BMT 当前流通市值约为 600 万美元（FDV 也仅为 2292 万美元），类似的还有 Fuel Network。

Galaxy Research Director Alex Thorn pointed out that although Bitcoin hit a record high in October, considering inflation, the actual price did not break through $100,000. He mentioned that since 2020, the purchasing power of the Consumer Price Index has declined.

Odaily Planet Daily reports that Matrixport released a chart today stating that, based on pricing logic, the main driving force behind cryptocurrency asset prices remains the inflow of incremental capital, rather than changes in user numbers or application scenarios. This is especially evident in the Ethereum ETF: during the nearly $10 billion influx of funds, ETH prices rose from about $2,600 to $4,500; when the capital inflow slowed, prices quickly retraced previous gains. In an environment with relatively limited new real demand, Ethereum and the broader crypto market remain highly sensitive to marginal changes in capital flow. Compared to the previous bull market, where the main narrative centered around "adoption, revenue, and network growth," and investors were willing to pay a premium for these expectations; in this cycle, price performance is more largely dependent on where the capital flows.

ChainCatcher reports that, according to Santiment data, the number of wallets holding at least 1 Bitcoin has decreased by 2.2% since the yearly high on March 3rd of last year. However, the slightly smaller group of wallets holding >1 BTC collectively increased their Bitcoin holdings by over 136,000 coins during the same period.

On December 24th, BlockBeats reported that due to whale selling and community controversy, the AAVE token price experienced volatility. A certain address opened a new 7x leveraged short position with a size of $2.42 million, with an unrealized profit of 17%. The address also has a $780,000 limit short order with set take-profit and stop-loss.

ChainCatcher reports that, according to Investing.com, Bitcoin treasury company B HODL Plc (AQSE:HODL | OTCQB: HODLF | FRA: F5S) has approved a strategic Bitcoin collateralized loan framework that will utilize CoinCorner Ltd's lending products as part of its funding management strategy. The framework allows B HODL to obtain loans collateralized by its Bitcoin holdings under certain conditions, including a 50% loan-to-value ratio, interest-only terms, a maximum term of four years, and a total loan exposure cap of 20% of the company's Bitcoin reserves. B HODL plans to use the borrowed funds to purchase more Bitcoin. B HODL CEO Freddie

Gate News Bot Message, December 24th, according to CoinMarketCap data, as of press time, ZKC (Boundless) is currently trading at $0.11, up 10.11% in the past 24 hours, with a high of $0.11 and a low of $0.09. The current market cap is approximately $24.3 million, an increase of $2.23 million compared to yesterday. Boundless is a protocol for accessing any on-chain verifiable computation, providing rewards to nodes that contribute useful work through a Proof of Verifiable Work mechanism. The protocol offers a flexible rollup framework that can upgrade to Zero-Knowledge (ZK) Rollup within hours, enabling faster transaction finality and stronger security. Boundless has officially launched its mainnet and supports staking functionality, now

Famous trader Peter Brandt stated that Bitcoin has experienced multiple parabolic rises and significant declines, and the current cycle has not yet ended. He is studying the bottoming timing of Bitcoin and predicts that the next bull market peak will occur in September 2029.

BlockBeats News, December 24 — The Solana Foundation announced the launch of a new SDK, ConnectorKit. This SDK is designed to add wallet connection and management features to products, compatible with web3js and kit. ConnectorKit is a headless wallet connection component that comes with a framework-agnostic client and many composable elements, as well as some user-friendly hooks functions. ConnectorKit is coming soon, with native integration planned.

BlockBeats News, December 24 — According to Onchain Lens monitoring, the whale "0x0e4" holds a SOL (20x) long position, facing a loss of $5.78 million; its combined BTC (20x) and HYPE (10x) long positions have a total loss of approximately $8.5 million. Profits have plummeted from over $18 million to $3 million. The whale "0x35d" holds a SOL (20x) short position with a profit of about $11 million and is gradually closing it. It also holds BTC (40x) and

Sonic Labs has updated its airdrop economics strategy. Starting from 2025, 190 million S tokens have been issued through governance voting. Multiple airdrops have been completed, and approximately 92.2 million S tokens remain. The plan is to continue using them for airdrop incentives between 2026 and 2027.

Bitcoin is currently in a bear market, with weak demand leading to the disappearance of price support factors. After experiencing three rounds of spot demand in 2023, growth has fallen below the long-term trend since October 2025, with holdings decreasing, similar to historical bear markets.

Despite the continued strength and new highs in global stock markets, the weakness in the cryptocurrency market persists. On Wednesday, Bitcoin and several mainstream digital assets collectively declined, with the total cryptocurrency market cap dropping about 1.4% to $2.97 trillion, once again falling below the critical $3 trillion mark, indicating insufficient market rebound momentum. Bitcoin price hovered around $86,900, failing to effectively break through the $90,000 psychological barrier for the third consecutive day. Ethereum declined about 1.5%, trading around $2,927. Meanwhile, Solana, XRP, and Dogecoin experienced more significant declines, with SOL dropping nearly 3% in a single day, reflecting the clear pressure on high-beta assets. This trend indicates that, against a backdrop of increasingly cautious macroeconomic conditions, investors' willingness to allocate to high-risk crypto assets is decreasing.

Curve DAO has rejected the proposal to allocate 17.4 million CRV tokens to Swiss Stake AG due to community concerns over centralization and governance over-reliance on a small group. Voting data shows that the opposition mainly comes from addresses associated with Yearn Finance and Convex Finance.

Cryptocurrency asset management giant Grayscale recently submitted an updated S-1 filing for the Avalanche ETF to the U.S. Securities and Exchange Commission (SEC), marking a significant step closer to listing on Nasdaq. As market expectations for approval of the Avalanche spot ETF heat up, AVAX surged over 9% in the past week, becoming one of the market's recent focal points. According to the latest disclosed regulatory documents, Grayscale has made a second revision to its Avalanche Trust's S-1 filing for conversion into a spot Avalanche ETF. This update did not disclose management fees, pledge costs, or related exemption clauses, but focused on adjusting the physical subscription and redemption mechanisms, risk and tax disclosure content, and some financial data. Additionally, the document clarifies that Grayscale Investments Sponsors LLC is the sole sponsor of the trust. These modifications are interpreted by the market as responses to compliance feedback from the SEC during the review process, which may help increase the likelihood of ETF approval.