Encryption Asset Overview
BTC (0.77% | Current price 88,919 USDT)
BTC quickly stabilized and rebounded after a rapid drop in the previous round, with the low point around 84,460 USD. Subsequently, the price rose continuously and reestablished itself above 88,000 USD, currently fluctuating in the 88,800–89,000 range. Overall, market sentiment is gradually recovering from panic, with short-term trends shifting from weak to strong. From a technical perspective, the short-cycle moving averages have gradually flattened and turned upwards, with MA5 and MA10 providing close support for the price, which is running above MA30, indicating that the rebound trend is still continuing. The previous rebound was accompanied by an increase in trading volume, showing a clear willingness for funds to enter at low levels, while recent volume has contracted, indicating that the market is entering a digestion phase. Currently, there is significant pressure in the 89,500–90,000 range above. If there is a subsequent increase in volume that breaks through and stabilizes in that area, the price may have the opportunity to test the previous high position of 90,360 again; conversely, if it repeatedly hits resistance at higher levels, the price may pull back to around 88,000 or even 87,500 for consolidation. Overall, the short-term pattern is relatively strong but the pace is slowing, making it more suitable to wait for a pullback confirmation or to follow the trend after a breakout.
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ETH (1.91% | Current Price 3,031 USDT)
ETH quickly stabilized and rebounded after dipping to around 2,775 USD during the previous sharp decline, subsequently raising its price level continuously, currently operating around 3,030 USD, and refreshing the stage high point near 3,060 USD. The overall trend shows a structure of deep pullback followed by a strong oscillation, with market sentiment clearly recovering. From a technical perspective, the short-term moving averages MA5 and MA10 have clearly turned upwards and are well aligned with the price, while MA30 has flattened out and started to rise, with prices stabilizing above the medium-term moving averages, maintaining a complete short-term bullish structure. The previous rebound phase was accompanied by increased volume, showing that capital was actively entering at lower levels, while recent trading volume has stabilized, with prices oscillating at higher levels to digest the gains. Currently, the area between 3,050 and 3,080 constitutes short-term resistance; if there is a subsequent breakout with increased volume and a stable hold, it is expected to further open up upward space; the 3,000 level below serves as important support, and if broken, it may pull back to the 2,960–2,980 range for technical consolidation. Overall, ETH's short-term trend is biased towards strength, but it is necessary to pay attention to the oscillation and retracement risks after the rise near the previous high.
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GT (0.48% | Current Price 10.34 USDT)
GT experienced a weak oscillation in the early stage, dipping to around 9.80 USD, before gradually stabilizing. Subsequently, the price showed a significant rebound, currently operating in the 10.30–10.35 range, presenting a strong oscillating structure after a low-level recovery. During the previous decline, bearish momentum was concentrated and released, while the quick recovery from the low indicates that this range has certain support strength. From a technical perspective, the short-term moving averages MA5 and MA10 have turned upward and formed close support, with the price back above MA30, indicating a shift from bearish to bullish in the moving average system. The EMA short-term golden cross has maintained upward divergence, reflecting that the rebound momentum is still ongoing, but the slope is not steep, showing more of a moderate recovery trend. Currently, the upper area of 10.40–10.50 serves as a pressure zone from previous highs, and there is a possibility of repeated testing in the short term; the lower level of 10.20 USD serves as near-term support, and if broken, it may retrace to the 10.00–9.90 area for consolidation. Overall, GT shows a strong short-term trend, but the pace is slow, making it more suitable to focus on continuation opportunities after confirming support during pullbacks, while also being cautious of the pullback risks brought by high-level oscillations.
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Daily Price Fluctuation Tokens
Most tokens have entered a bullish market, with high market sentiment and significantly increased capital activity compared to previous days. Mainstream coins generally rose, but tokens like XRP, ADA, and ZEC experienced slight declines. In addition, tokens such as ZKP, RAVE, and BEAT recorded increases of over 60% and even 80%, highlighting strong market enthusiasm and capital influx.
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RAVE RAVEDAO (+84.45%, circulating market cap 159 million USD)
According to Gate.io market data, the current price of RAVE token is $0.7129, having increased by 84.45% in the last 24 hours. RAVEDAO is a community driven by encryption. Since the tickets for the first event in Dubai in 2024 sold out, they have expanded their business to Europe, the Middle East, North America, and Asia, hosting world-class experiential events with a total participation of over 100,000 people, with more than 3,000 participants at each event. RaveDAO is redefining live entertainment in the Web3 era and has established positive partnerships with 1001Tracklists, AMF, and Warner Music. In addition to the dance floor, RaveDAO is also investing energy and focus into causes that make a positive impact. In 2025 alone, the proceeds from their events helped restore the sight of over 400 cataract patients in Nepal and funded over 150 meditation projects worldwide.
According to the latest market information, the recent increase of RAVE in the last 24 hours can be attributed to several reasons: the overall encryption market has shown a slight recovery against the backdrop of the Christmas season, making RAVE one of the hotspots for investors and driving up its short-term trading activity. The increase in RAVE's trading activity and the rotation of funds into small-cap assets have also contributed to the price rise. Although there have been multiple listings and contract support news that fueled the early upward trend, the latest increase in the last 24 hours more reflects an improvement in market sentiment and the short-term effect of trading activity concentrated on this token.
ZKP zkPass (+82.79%, circulating market cap 33.09 million USD)
According to market data from Gate, the current price of the ZKP token is $0.164, which has risen by approximately 82.79% in the last 24 hours. zkPass is a private data protocol based on zero-knowledge proof technology, aimed at building a verifiable internet; the project integrates a network architecture of MPC, zero-knowledge proofs, and 3P-TLS oracles, allowing users to generate encryption proofs from private web data to verify the authenticity of HTTPS data without compromising privacy. Its core product, TransGate SDK, offers low-code privacy verification solutions, mainly applied in decentralized identity, privacy KYC, and DeFi risk control scenarios.
Recently, the price of ZKP has surged significantly within 24 hours, mainly driven by a notable increase in trading enthusiasm and market attention. According to market data, both the trading volume and price increase of ZKP are among the top-ranking assets in terms of price. As one of the hot cryptocurrencies on Gate, it has attracted more attention from traders and has seen active buying, leading to a short-term price rise. At the same time, the amplification of transaction volumes in active trading pairs on the exchange has also boosted the upward momentum.
BEAT Audiera (+64.36%, circulating market value 534 million USD)
According to Gate.io market data, the current price of the BEAT token is $3.89, having risen approximately 64.36% in the last 24 hours. Audiera (BEAT) is the Web3 version of the globally popular dance music game IP, Audition, which has over 600 million users worldwide. It integrates artificial intelligence and blockchain technology to create an immersive, creation-driven experience. Users can interact with AI idols, create music, mint it as NFTs, and experience full-body gaming through smart fitness mats. The ecosystem includes a mobile game, a mini-app, and an AI-driven creative studio.
In the last 24 hours, the price of BEAT has risen mainly driven by the market's increased interest in Web3 gaming and AI-related tokens. Investor sentiment has been active in small-cap and conceptual tokens, leading to significant capital inflows and amplified trading volumes. As a Web3 gaming entertainment token, BEAT has shown a high level of market attention and growth in the number of holding addresses during this recent rise, which has, to some extent, attracted chasing buyers to participate in short-term trading. In addition, active trading on exchanges and exposure on mainstream platforms also helps enhance its short-term performance.
Hotspot Interpretation
Address poisoning scam reappears, encryption users stolen 50 million USDT
A cryptocurrency user recently fell victim to a typical “address poisoning” scam, mistakenly transferring about 50 million USD worth of USDT into a wallet controlled by the scammer in a short period. The scammer first created an address that is very similar to the target address and sent the victim a very small amount of a “dust transaction” to pollute their transaction history. After completing the small test transfer, the victim copied the address from the transaction history for a large transfer, ultimately mistakenly sending 49,999,950 USD worth of USDT to the attacker.
On-chain data shows that the stolen funds were subsequently exchanged for Ethereum and dispersed to multiple addresses, with some funds also interacting with mixing tools to cover their tracks. In response, the victims have posted public information on-chain, demanding that the attackers return 98% of the funds within 48 hours, and promising a reward of $1 million, while warning that legal and criminal measures will be taken if there is no cooperation. This incident serves as a reminder that address poisoning is not a technical vulnerability, but rather a social engineering attack that exploits users' habits of copying and pasting and relying on partial address matching.
Hilbert Group acquires Enigma Nordic for $25 million, strengthening its institutional-level encryption trading layout.
Swedish investment company Hilbert Group announced the completion of its acquisition of the high-frequency encryption currency trading platform Enigma Nordic, with a total deal value of up to $25 million. According to the transaction arrangement, Hilbert will pay $7.5 million at closing with newly issued shares, while the remaining $17.5 million is tied to future performance, provided that Enigma's quantitative trading strategy achieves a cumulative net profit of $40 million within the agreed period. This acquisition enables Hilbert to gain Enigma's proprietary systematic trading technology for executing market-neutral strategies on global digital asset exchanges.
This transaction further advanced Hilbert's institutional encryption investment strategy. The company plans to integrate Enigma's quantitative and high-frequency trading platform into its hedge fund and proprietary trading system, having previously launched an institutional-grade hedge fund product priced in Bitcoin. Although high-frequency trading faces risks of profit dilution and strategy failure, Hilbert's use of performance-linked acquisition structures for risk hedging also reflects the continued warming of M&A activity in the encryption industry against the backdrop of market maturity and a rebound in institutional demand.
Tether executives' affiliated company acquires Northern Data's Bitcoin mining business, attracting attention.
According to the Financial Times, Tether-supported German data center Northern Data has sold its Bitcoin mining subsidiary Peak Mining for a price of up to approximately $200 million this November. Company documents indicate that the buyers of the transaction include multiple entities directly related to Tether executives, which are effectively controlled by Tether co-founder Giancarlo Devasini and CEO Paolo Ardoino. Since Northern Data is only listed on the secondary market in Germany, this related party transaction was not required to be disclosed.
The timing and structure of this transaction have drawn external attention. The sale of Peak Mining occurred shortly before the announcement of a deal by Tether-backed Rumble to acquire Northern Data for approximately $767 million, while Tether is also a major shareholder and creditor of Northern Data. In the context of the transaction, Northern Data remains under the scrutiny of European regulatory authorities, involving tax treatment and historical operational disputes. Meanwhile, Tether is continuing to ramp up its Bitcoin mining layout, attempting to expand its industry control while ensuring the safety of its Bitcoin assets, but its executives' related party transactions and risk exposure issues are also being closely examined by the market and rating agencies.
Reference Material:
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