Ethereum is shifting towards L1 scaling and privacy, and the US stock market's back-end engine, DTCC, with its $100 trillion holdings, is beginning to migrate on-chain, seemingly signaling the arrival of a promising new wave in crypto.

President Donald Trump’s Crypto Czar David Sacks, a prominent Silicon Valley investor and venture capitalist, is putting in overtime defending his boss’s push for federal AI oversight. Sacks argues that the administration is only focused on pushing back on the “most onerous examples of state regulation” while listing reasons such a move is needed for […] source: https://www.cryptopolitan.com/trump-ai-czar-defends-federal-ai-oversight/

null source: https://x.com/CoinMarketCap/status/1999699322464604415

null source: https://x.com/lookonchain/status/1999694935679992071

According to ChainCatcher, an analysis by Glassnode reveals the distribution of Bitcoin holdings among major institutional types. Public companies hold approximately 1.07 million Bitcoins, government agencies possess around 620,000 Bitcoins, U.S. spot ETFs have about 1.31 million Bitcoins, and exchanges account for roughly 2.94 million Bitcoins. Collectively, these entities hold approximately 5.94 million Bitcoins, representing about 29.8% of the circulating supply. This data underscores the growing trend of liquidity concentration among institutions and custodians.

BTC, Technology, When Issuing Cryptocurrencies Becomes an Assembly Line, Someone Is Paying Salaries to Bitcoin Developers - Jinse Finance, People Paying Salaries to the Bitcoin "Operating System".

Some of the best-performing "altcoins" in this cycle aren't even tokens—they're crypto-asset-related stocks. Robinhood is undoubtedly the one with the most dramatic rise.

Moody's unveils a framework for rating stablecoins, examining market value and operational risks. source: https://coincu.com/news/moodys-stablecoin-rating-framework/

According to PANews, a newly established wallet has received a substantial transfer of 14,959 ETH from BitGo, valued at $48.42 million. This wallet is likely associated with Bitmine.

According to Odaily, the Hong Kong Financial Development Council has released a concept report titled "Hong Kong Capital Market Leadership: Super Connector - Global Capital Hub in the Digital Era." The report outlines a strategic framework with a clear timeline for implementation, aiming to expand tokenized assets. In the medium term, over the next 2-5 years, the focus will be on developing tokenized physical assets and related tools. The long-term vision, spanning 5-10 years, includes enhancing capabilities for tokenized issuance and post-trade operations, while promoting the coordination and unification of data and compliance standards to improve trading efficiency and market transparency. Additionally, the report emphasizes accelerating the development of digital financial infrastructure, including tokenization platforms, smart contract applications, and near-instant settlement systems. These initiatives aim to position Hong Kong as a pioneer and model for next-generation capital market solutions.

The Hong Kong Financial Services Development Council (FSDC) released a concept report entitled "Hong Kong's Leading Path in Capital Markets: Super-Connector - A Global Capital Hub in the Digital Age," which proposes a strategic framework with various initiatives planned along a clear timeline. The report provides a pragmatic and actionable implementation path for the orderly expansion of tokenized assets, including: a medium-term direction of developing tools such as tokenized physical assets within 2-5 years; a long-term vision of gradually enhancing support for tokenized issuance and post-trade operations within 5-10 years; and promoting the harmonization and unification of data and compliance standards on a larger scale to further improve trading efficiency and market transparency. Simultaneously, the report will accelerate the development of digital financial infrastructure, including tokenized platforms, smart contract applications, and near-instant settlement systems, making Hong Kong a pioneer and demonstrator of next-generation capital market solutions.

Jason, an analyst at Delphi Digital, is cautiously optimistic about the year-end market. He believes, "We are breaking through the $90,000 to $110,000 range that we've been in for quite some time. If BTC can hold this level and continue to break through before the end of the year, I think there's a great chance that Bitcoin will see a rebound."

Key Insights Barclays cut its Coinbase price target to $291 from $357 on December 12 while keeping an Equal Weight rating. It cited a “more mixed” outlook for exchanges versus alternative asset managers in its 2026 sector reset. COIN traded at $270. 20 as of press time, down from November highs above $400 source: https://www.thecoinrepublic.com/2025/12/12/barclays-cuts-coin-price-target-to-291-as-coinbase-builds-everything-exchange/

A financial tycoon sold his Nvidia shares too early, reflecting on valuation and personnel, missing out on the AI ​​wave, and realizing the true meaning of long-term holding.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2907, providing you with the latest and fastest news on the digital currency and blockchain industry.

Remittances have always been reliable and fast across the Atlantic. This may be one reason why Americans are happy to accept "stablecoins" as an alternative to the banking system.

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.

For platforms with a large user base, stablecoins are not just cross-border payment tools, but a fundamental financial track that can reshape revenue structures and user relationships.

RWA's Hong Kong pilot program sparks heated discussion: How can RWA be transformed from a concept into a real asset? Jinse Finance explores how Hong Kong is building a practical path for the implementation of RWA through pilot programs.

Coinbase-incubated open-source payment protocol x402 has released version 2. This is the first major version iteration since its mainnet launch in May 2025.