According to ChainCatcher, Grayscale has indicated that the Bitcoin pricing model driven by halving events, which shaped the cryptocurrency's early history, is losing its influence. As more Bitcoin enters circulation, the relative impact of each halving is diminishing. Grayscale notes that the current Bitcoin market is increasingly dominated by institutional capital, rather than the retail speculation that characterized previous cycles. Unlike the explosive surges seen in 2013 and 2017, Bitcoin's recent rally is more controlled. Grayscale believes the subsequent 30% correction resembles a typical bull market adjustment. Factors such as interest rate expectations, bipartisan efforts in the U.S. to advance crypto regulation, and the integration of Bitcoin into institutional investment portfolios are increasingly influencing market trends.

Since 2021, time has not been kind to ETH, and its status as a medium of exchange has been largely replaced by stablecoins.

According to Odaily, cryptocurrency analyst Ai Yi has reported that the address '0x968…0F305' has purchased 2,226 ETH on the blockchain over the past three hours. The total value of this transaction is $6.95 million, with an average purchase price of $3,121.52 per ETH.

According to BlockBeats, Lookonchain monitoring has revealed that a newly created wallet received 900 BTC from Galaxy Digital two hours ago. The transaction is valued at $81.59 million. This transfer highlights the ongoing movement of significant cryptocurrency assets within the digital finance sector.

Bitcoin held near $90,000 as Asian stocks slipped and traders grew uncertain about how quickly the Fed will ease after this week’s expected rate cut. source: https://cryptonews.com/news/bitcoin-price-anxiety-fed-next-moves-hits-stocks-asia-market-open/

An online romance led a Bay Area woman to drain her retirement accounts, only for an AI assistant to later warn her it was a scam. source: https://decrypt.co/351568/chatgpt-helps-expose-1-million-crypto-pig-butchering-scam

null source: https://x.com/lookonchain/status/1998216309889548430

Bitcoin failed to build on recent gains on Monday, as investors awaited the Federal Reserve’s decision on interest rates. source: https://www.benzinga.com/crypto/cryptocurrency/25/12/49272615/bitcoin-ethereum-xrp-hold-steady-dogecoin-gains-amid-focus-on-feds-interest-rate-moves-analyst-sees-classic-sell-the-news-type-of-correction?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

According to ChainCatcher, the U.S. Department of Justice announced that Evan Tangeman, a 22-year-old from California, has pleaded guilty to laundering over $3.5 million for a crypto fraud group involved in a $263 million scheme. Tangeman is the ninth defendant to plead guilty in this investigation. The fraudulent activities took place between October 2023 and May 2025, during which the group stole approximately 4,100 bitcoins, valued at $263 million at the time. The current value of these bitcoins is estimated at $371 million. The group comprised hackers, organizers, target identifiers, phone scammers, and burglars specializing in stealing hardware wallets. They used stolen databases to select their targets, with hackers infiltrating websites and servers to obtain cryptocurrency-related data. Target identifiers then used this information to pinpoint the most valuable victims.

Wang Yongli's explanation is an important reminder, but the Chinese story about stablecoins may require a broader narrative.

December 2025 is not the starting point for the "yen carrying transactions to ignite the world", but rather the starting point for the "turnaround of US monetary policy from tightening to excessive looseness". The real risks will be in 2026-2027.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2903, providing you with the latest and fastest news on the digital currency and blockchain industry.

Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of affairs and individualistic selfishness has overshadowed the industry's growth itself.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The decision to release $1.4 billion in reserves may be a concession based on the strategy of not selling Bitcoin, but in the face of reality, Strategy also simultaneously lowered its full-year financial forecast and key performance indicators.

Bitcoin holders want to use their Bitcoin, but the infrastructure has never provided a secure and native way to do so.

Predictions, Crypto Markets, Shorting the Prediction Market (Golden Finance), Mean Reversion in the Super Speculative Cycle.

If a more stringent, fully punitive approach is adopted towards $BTC, the capital shortfall could be between $12.5 billion and $25 billion.