Tom Lee, Chairman of BitMine, stated in an article on the X platform that many institutional investors typically exit the market during the final holiday trading period of the year, shifting market dominance to algorithmic and bot trading programs. This, coupled with year-end selling driven by tax avoidance needs, contributes to the market dynamics in the last few days of December. Previously, when BitMine disclosed its purchase of 44,463 ETH last week, Lee also pointed out that as the year-end holidays approach, overall market activity tends to decline, and tax-avoidance selling can exert temporary downward pressure on cryptocurrency and related stock prices. This impact is typically most pronounced between December 26th and December 30th, and BitMine is adjusting its market strategy based on this seasonal characteristic.

Trader CBB posted on the X platform that people spent months promoting a certain token, but the token's valuation failed to break $3 billion within 24 hours of its launch after being fully diluted, and he called the token a pure junk coin.

According to Onchain Lens monitoring, Bitmine (@BitMNR) has staked an additional 118,944 ETH, worth $352.16 million. Currently, Bitmine has staked a total of 461,504 ETH, with a total value of $1.37 billion. In addition, a newly created wallet received 32,938 ETH from FalconX, worth $97.8 million; this address likely belongs to Bitmine.

According to Foresight News, Onchain Lens has reported that a major cryptocurrency holder has deposited 4.03 million USDC into Lighter. The whale then spent 3.8 million dollars to acquire 1.63 million LIT at a price of 2.33 dollars per token. The wallet still holds 227,099 USDC, indicating potential for further purchases.

According to Odaily, Ethereum co-founder Vitalik Buterin recently published an article titled "Balance of Power," focusing on the themes of power and checks and balances. Buterin highlights that many crypto projects tend to concentrate on their business models, which involve securing resources to sustain team operations, while neglecting the equally crucial aspect of decentralization. This oversight can lead to excessive power concentration within the projects, posing systemic risks. Buterin argues that decentralization is naturally achievable in certain scenarios, such as the English language system or open protocols like TCP, IP, and HTTP, where there are no clear central control points, making it difficult for a single entity to dominate. However, in other use cases, decentralization does not occur naturally and requires deliberate institutional and architectural design by the project teams. He emphasizes that the crypto industry faces a significant challenge in balancing the benefits of centralization, such as flexibility and efficiency, without suffering from the drawbacks of concentrated power. Buterin urges project teams to critically evaluate their power structures and consider decentralization as an equally important design goal alongside their business models.

According to SoSoValue data, XRP spot ETFs saw a total net inflow of $15.55 million yesterday (December 30th, Eastern Time). The XRP spot ETF with the largest single-day net inflow was the Bitwise XRP ETF (XRP), with a net inflow of $10.47 million, bringing its historical total net inflow to $263 million. This was followed by the Franklin XRP ETF (XRPZ), with a single-day net inflow of $5.08 million, bringing its historical total net inflow to $239 million. As of press time, the total net asset value of XRP spot ETFs was $1.27 billion, with an XRP net asset ratio of 0.98%, and a historical cumulative net inflow of $1.16 billion.

Ethereum co-founder Vitalik Buterin recently published an article titled "Balance of Power," discussing the core theme of "power" and "checks and balances." Vitalik points out that many crypto projects, during their development, often focus solely on their "business model"—how to continuously acquire resources to support team operations—while neglecting the equally crucial "decentralized model"—how to avoid excessive concentration of power within the project itself and the potential systemic risks. He argues that in some scenarios, decentralization is naturally easier to achieve. For example, in language systems like English, or open protocols such as TCP, IP, and HTTP, the lack of a clear centralized control point makes it difficult for a single entity to monopolize dominance. However, in other use cases, decentralization does not occur naturally but requires conscious institutional and architectural design by the project team. Vitalik emphasizes that how to achieve the flexibility and efficiency of centralization without incurring the drawbacks of power concentration will be a significant challenge that the crypto industry must confront for a considerable period. He urges project teams to positively consider their power structures and make "decentralization" a design goal of equal importance to their business model.

Bitget Wallet's 2025 data review shows that the application scenarios of cryptocurrency wallets are expanding from primarily transactions to payments, stablecoin usage, and on-chain yield management. Despite a slight decline in market sentiment at the end of the year, stablecoin payments and on-chain yield activities continued to grow, indicating that some crypto usage is gradually becoming independent of short-term market fluctuations. In terms of transactions, Bitget Wallet's monthly swap transaction volume exceeded $900 million in 2025, a year-on-year increase of 232%; monthly perpetual contract transaction volume approached $5 billion, a year-on-year increase of 291%. During the same period, decentralized perpetual contracts accounted for 18.7% of perpetual transactions, approximately three times the figure at the beginning of the year, reflecting a trend of users migrating to the on-chain derivatives market. Payment scenarios have become a new growth driver for wallet usage. Since its launch in July, Bitget Wallet's crypto card has seen a more than six-fold increase in monthly spending. The wallet currently supports various payment methods, including card payments, national QR code payments, local bank transfers, and in-app purchases, adapting to the global stablecoin annual trading volume of approximately $46 trillion. Regarding yield management, Bitget Wallet Earn saw quarterly subscriptions approaching $200 million, more than ten times the beginning of the year, primarily driven by stablecoin wealth management products and collaborations with leading DeFi protocols. Amidst a cautious overall market, user demand for on-chain yields with predictable returns continues to rise.

IRS mandates new crypto tax reporting with Form 1099-DA, affecting U. S. investors. source: https://coincu.com/news/irs-form-1099-da-crypto-reporting/

According to Ember Monitoring, the Trump deployment address (5e2qR...r5G7) transferred 94 million USDC to Coinbase over the past three weeks. This USDC originated from a sale of Trump liquidity on Meteora. Both Trump and MELANIA tokens primarily cash out through one-way liquidity sales, ultimately converting into USDC and flowing into Coinbase.

Looking back at the end of 2025, the crypto industry has undergone a silent yet dramatic "supply-side reform".

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2925, providing you with the latest and fastest news on the digital currency and blockchain industry.

On December 17, 2025, the bell rang at the Hong Kong Stock Exchange, marking the listing of HashKey Group, Hong Kong's first licensed digital asset trading platform.

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.

What seems like a land of opportunity is actually fraught with peril, with the real hurdles lying in one's understanding. Rather than being led astray by narratives, it's better to safeguard your own circle of competence, lower your expectations, and patiently wait for the right opportunity.

With President Trump's return to the White House in January, the regulatory environment has begun to change, and many foresee new opportunities in 2025.

Looking back at 2025, the core characteristics of the crypto market are the externalization of pricing frameworks and the deepening of channel competition.

For the global stablecoin industry, 2025 can be described as a year of rise but also one of constant ups and downs. As 2026 approaches, let's take a look back at the development of the stablecoin market in 2025.

A16Z, Artificial Intelligence, Crypto Market, a16Z: These 21 Major Future Trends Are About to Explode (Golden Finance), a16Z's Key Trends for 2026

Recommended reading tonight: 1. Grayscale: Crypto growth stalled in Q4 2025, but privacy tokens shone; 2. Dragonfly Partner: 25 predictions across 6 categories for crypto trends in 2026; 3. What does the market look like in the eyes of major institutions?