Odaily星球日报讯 惠誉评级表示，由于声誉、流动性和合规风险，Fitch Ratings 可能会重新评估涉及大量加密资产敞口的美国银行。

The latest survey shows that the main reason Japanese investors are exiting the cryptocurrency market is not market volatility, but rather the complex and burdensome tax system. Financial platform 400F conducted a survey in November of 894 investors, revealing that among those who previously held crypto assets but have since exited, 22.2% cited "tax complexity" as their reason for leaving, a higher proportion than the 19.4% who considered "price volatility" to be the main factor.
For investors who remain in the market, price volatility and tax challenges are nearly equally important. 61.4% of current holders view price volatility as the main challenge, while 60% say that tax filing is a key obstacle. In Japan, cryptocurrency gains are classified as "miscellaneous income" and can be taxed at rates up to 55%. Investors are also required to accurately record every transaction and convert it to yen, making the process daunting for many ordinary investors.

Bitcoin fell another 0.70% in the past 24 hours, continuing its recent volatility, and this trend is raising more and more concerns about “institutional manipulation.” Several analysts have pointed out that Bitcoin’s frequent sharp drops around the opening of the US market occur with too much regularity, suggesting the involvement of concentrated high-frequency trading institutions.
Currently, the core question in the market is whether Bitcoin’s weakness is caused by internal manipulation rather than natural market dynamics. Although the fourth quarter is usually a strong period for Bitcoin, since the market crash on October 10, Bitcoin has not only failed to recover but has continued to underperform US stocks. US stocks are up 8% with several stocks hitting new highs, while Bitcoin remains 29% below its pre-crash level.

Odaily Planet Daily News: According to a post by Ethereum community member Joseph Young on X, data from Artemis shows that over the past three months, Ethereum ranked first among public blockchains in terms of stablecoin net inflows, with approximately $12.5 billion worth of stablecoins flowing into the Ethereum network. There is no doubt that ETH is currently dominating the stablecoin market. Note: Solana and Plasma ranked second and third, respectively.

Bernstein, which manages approximately $800 billion in assets, has recently published a Bitcoin research report that has drawn significant attention from the market. The firm states that Bitcoin’s decade-long “four-year halving cycle” has officially ended, and a long-term bull market phase led by institutional capital is taking shape.
According to the report content shared by VanEck executive Matthew Sigel, Bernstein believes that Bitcoin’s current structural demand is being reshaped by institutional buying. Although Bitcoin’s price has recently corrected by nearly 30%, ETF outflows have remained under 5%, indicating that most institutional buyers view BTC as a strategic asset rather than a short-term trading tool. This sustained net ETF inflow is highly consistent with the long-term accumulation trend of large institutions and also reflects that the structure of the Bitcoin market is undergoing profound changes.

President Trump recently confirmed that he will sign an executive order seeking to replace state-level or planned AI regulatory laws with more relaxed federal policies. Trump stated on Truth Social that the United States must maintain “unified rules,” otherwise its leading position in the global AI race could be undermined. He said that if all 50 states set their own regulations, “artificial intelligence will be strangled in its infancy.”
This plan has quickly raised concerns among safety organizations, scholars, and bipartisan state legislators. In recent months, as AI technology penetrates everyday life—including healthcare, law enforcement, recruitment, content generation, and communications—states have gradually introduced laws to limit deepfakes and curb algorithmic discrimination. In the absence of comprehensive federal legislation, state-level regulation is seen as an important way to fill the gaps in AI safety.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, FHE (Mind Network) is currently priced at $0.05, up 47.23% in the past 24 hours, reaching a high of $0.05 and a low of $0.01. The 24-hour trading volume reached $47.4 million. The current market capitalization is about $18 million, an increase of $5.78 million compared to yesterday.
Mind Network is a pioneer in FHE (Fully Homomorphic Encryption) infrastructure, dedicated to providing foundational services for fully encrypted networks. Its core technology, FHE, is known as the "Holy Grail" of cryptography and is built on lattice cryptography. In 2024, it was recognized by the U.S. National Institute of Standards and Technology (NIST) as the post-quantum encryption standard.

A survey shows that among Japanese cryptocurrency holders, 22.2% exited due to tax complexity and 19.4% due to price volatility. Investors generally consider tax complexity and volatility as major challenges, and the need to track transactions and calculate gains and losses leads some to feel that the administrative burden outweighs the benefits.

Beijing X Art Museum has acquired the interactive artwork Self Checkout, created by Jack Butcher, founder of the NFT project Checks. The artwork will be exhibited at Art Basel Miami Beach from December 3 to 7, 2025, featuring self-service kiosks and online order kiosks. Receipts received can be traded and are linked to the corresponding NFTs.

Odaily Planet Daily News: According to official sources, Gate founder and CEO Dr. Han has been invited to attend the 2025 Entrepreneur Middle East Leadership Awards and will travel to Dubai to participate in the grand event on December 11. The selection is organized by the authoritative business media outlet Entrepreneur Middle East, which has for eleven consecutive years honored companies and leaders who have demonstrated outstanding leadership, innovation, and industry influence in the Middle East and the global business ecosystem. This year, the award has been officially upgraded to the Entrepreneur Middle East Leadership Awards, focusing from a broader perspective on outstanding representatives with vision, influence, and industry leadership. As a long-term deep...

Bitwise Chief Investment Officer Matt Hougan predicts that as investors' attention to digital assets deepens, cryptocurrency index funds will become popular in 2026. He believes that these types of funds are a good starting point for investment, even though the market is complex and it is difficult to predict the performance of individual tokens. In the next decade, the importance and market size of cryptocurrencies may grow significantly.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PLUME (Plume) is currently trading at $0.02, up 8.07% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. Its current market capitalization is approximately $68.8 million, an increase of $5.14 million compared to yesterday.
Plume is a public blockchain focused on the expansion of real-world assets (RWA), dedicated to transforming real assets into crypto-native global financial instruments. The platform has more than 200 ecosystem partners and an asset pipeline of $5 billion, covering diverse assets such as solar farms, Medicaid receivables, and mining rights. Plume has built a complete RWA ecosystem, including the Plume Chain mainnet, Arc cross-chain bridge, pUSD ecosystem stablecoin, p

21Shares is accelerating the rollout of its spot XRP ETF. According to the latest filing submitted to the U.S. Securities and Exchange Commission (SEC), the issuer has made a fifth amendment to the S-1 document, completing key pre-listing adjustments and reducing the management fee from 0.50% to 0.30% to enhance market competitiveness. The ETF is currently expected to be listed on the CBOE BZX Exchange under the ticker symbol "TOXR," but is still awaiting final approval.
The 21Shares XRP ETF will join an expanding lineup of XRP ETFs alongside institutions such as Canary, Grayscale, and Bitwise. As the total assets under management (AUM) of spot XRP ETFs approach $1 billion, market competition is intensifying. Bitwise, Franklin Templeton, and Grayscale have all introduced various management fee waivers, with Franklin Templeton’s XRPZ offering the lowest fee at just 0.19% and the longest waiver period. In comparison, 21Shares has yet to announce any fee waiver policy.