Digital asset investment products recorded $446 million in net outflows last week, extending a prolonged period of withdrawals and signaling that market sentiment has yet to fully recover following the sharp price shock in mid-October.According to the latest Digital Asset Fund Flows Weekly Report, cumulative outflows since the October 10 selloff have now reached $3.2 billion, underscoring continued caution among institutional investors despite relatively stable year-to-date (YTD) flow figures.Outflows Persist Despite Solid Year-to-Date InflowsWhile weekly flows remain negative, year-to-date inflows still stand at $46.3 billion, only slightly below the $48.7 billion recorded over the same period in 2024. This suggests that, on paper, capital allocation to digital assets remains historically strong.However, performance tells a different story. Total assets under management (AuM) are up just 10% YTD, indicating that once price declines and volatility are factored in, the average investor has seen little to no net benefit this year.This divergence between headline flows and realized outcomes highlights how persistent drawdowns have weighed on confidence, even as long-term capital commitments remain largely intact.U.S. Leads Outflows as Germany Emerges as a BuyerRegionally, outflows were broad-based, but the United States was the clear epicenter, recording $460 million in weekly withdrawals. Switzerland also posted modest outflows of $14.2 million.Germany stood out as the major exception.Germany attracted $35.7 million in inflows last weekTotal inflows into German-listed digital asset products now reach $248 million for the monthThe data suggests that German investors are selectively accumulating during periods of price weakness, contrasting with the more defensive posture seen among U.S. allocators.XRP and Solana ETFs Defy the TrendWhile most major digital assets continue to face selling pressure, XRP and Solana ETFs remain notable outliers.Last week:XRP products recorded $70.2 million in inflowsSolana products added $7.5 millionSince their mid-October ETF launches in the U.S., cumulative inflows have reached:$1.07 billion for XRP$1.34 billion for SolanaThese figures sharply contrast with the performance of more established assets and suggest investors are seeking differentiated exposure through newer ETF structures, rather than broad market beta.Bitcoin and Ethereum Continue to Bleed CapitalIn contrast, the two largest cryptocurrencies remain under pressure:Bitcoin products saw $443 million in weekly outflowsEthereum products lost $59.5 millionSince the launch of XRP and Solana ETFs:Bitcoin has recorded $2.8 billion in net outflowsEthereum has seen $1.6 billion in net outflowsThis pattern highlights a clear rotation within institutional crypto allocations, away from legacy assets and toward alternatives perceived to offer either structural growth or cleaner positioning.

Moneyfarm analyst Richard Flax said in a report that the U.S. economy is projected to experience robust growth through 2026. He stated that substantial investment in the artificial intelligence industry, the Federal Reserve's interest rate cuts, and government support are likely to fuel economic growth. This growth is expected to boost earnings for U.S. companies. Flax added, "The macroeconomic backdrop appears favorable, although this largely depends on the continued momentum of AI investment." (Jinshi)

According to CoinGecko's latest year-end review, "Gate 2025: From Top 3 Global Exchanges to All-In Web3 Vision," Gate continued to advance its "All-in Web3" strategy in 2025, accelerating its transformation from a traditional crypto asset exchange to a vertically integrated Web3 ecosystem. This year, Gate made significant compliance progress in Dubai, Europe, and Australia. In terms of infrastructure, Gate adopted a dual-track development path, simultaneously deploying centralized and non-custodial trading models. It launched Gate Layer, a Layer 2 network built on the OP Stack, and simultaneously launched the decentralized perpetual contract platform Gate Perp DEX, supplemented by new products such as Gate Vault, Gate Travel, and Gate Fun, continuously expanding the boundaries of Web3 applications. In terms of market performance, Gate's user base grew to over 47 million in 2025, with peak monthly spot trading volume of approximately $160 billion, and its global spot market share exceeding 6%. In CoinDesk's ratings, Gate received a "Top-Tier" rating, with its derivatives business receiving an AA rating and its spot business receiving an A rating. Furthermore, Gate's reserve ratio exceeds 120%, making it the first mainstream exchange in the industry to commit to 100% reserves. Meanwhile, the Gate-Red Bull F1 co-branded NFT has generated over 32 million tokens, demonstrating significant promotional impact. Overall, Gate is completing its transformation from an exchange to a comprehensive Web3 platform and infrastructure provider.

According to statistics, among Polymarket's 1,733,785 trading addresses, approximately 70% have incurred losses, while only about 30% are profitable. Only 0.0385% of the top-performing addresses account for over 70% of total profits, accumulating $3.7 billion. Nearly 25% of addresses are profitable, but only in the $0-$1,000 range, representing less than 1% of total profits. Over 63.5% of addresses have losses not exceeding $1,000, but 149 addresses have lost over $1 million. This data is based on realized profits and losses, excluding floating open positions.

The Korea Financial Intelligence Service (KFIS) held its first meeting on December 29th regarding the revision of the "Specified Financial Information (TF)" (Trust of Funds). The plan is to expand the current "Travel Rule," which applies to virtual asset transfers of 1 million won or more, to transactions below 1 million won, in order to strengthen anti-money laundering oversight. This move will enhance the obligation to track cryptocurrency transfers. Financial authorities will also promote the institutionalization of stablecoins and the introduction of account freezing mechanisms, and plan to propose improvements to the anti-money laundering system in the first half of 2026. (News1)

Real-world asset (RWA) protocols have surged to become one of decentralized finance’s fastest-growing sectors, overtaking decentralized exchanges (DEXs) to rank as the fifth-largest DeFi category by total value locked (TVL), according to data from DefiLlama.RWAs now account for approximately $17 billion in TVL, up from around $12 billion in the fourth quarter of 2024. The milestone marks a structural shift in DeFi, as tokenized US Treasurys, private credit, and commodities transition from experimental use cases into core onchain financial infrastructure.“At the start of this year, RWAs weren’t even in the top 10 DeFi categories,” DefiLlama noted — underscoring the speed at which onchain representations of real-world assets have gained traction.RWAs Move From Niche Experiments to DeFi’s Core PlumbingThe growth of RWAs reflects a broader change in how capital is flowing into crypto. Rather than chasing speculative yield, investors are increasingly deploying funds into onchain versions of familiar, yield-bearing financial instruments.Vincent Liu, chief investment officer at Kronos Research, said RWA expansion is being driven by “balance-sheet incentives rather than experimentation.”With interest rates remaining higher for longer, tokenized Treasurys and private credit offer predictable yield, while improving regulatory clarity has lowered friction for institutional allocators exploring onchain markets.Earlier in 2025, RWAs excluding stablecoins had already grown to roughly $24 billion, with private credit and tokenized government debt emerging as the primary growth engines.Ethereum Dominates, but Multichain RWAs Are ExpandingEthereum continues to dominate as the primary public settlement layer for RWAs, hosting the majority of onchain debt instruments, tokenized funds, and credit structures.That said, data from RWA.xyz shows a growing second tier of blockchains gaining traction, including:BNB ChainAvalancheSolanaPolygonArbitrumEach currently captures low-to-mid single-digit percentages of public-chain RWA value, but together they point to a more diversified, multichain future for tokenized assets.Alongside public blockchains, permissioned infrastructure has also emerged as a major force. The Canton Network now hosts over 90% of total institutional RWA market share, providing a regulated, privacy-preserving environment that can still interoperate with DeFi liquidity and data rails.Tokenized Treasurys Lead RWA AdoptionTokenized US Treasurys remain the gateway product pulling capital onchain.Platforms and funds driving this segment include:BlackRock’s BUIDLCircle’s USYCFranklin Templeton’s BENJIOndo’s OUSGTogether, these vehicles have pushed tokenized Treasury exposure into the multi-billion-dollar range, cementing government debt as a foundational onchain yield product.Liu noted that as the sector matures, the constraint is no longer tokenization itself, but rather liquidity, secondary markets, and integration with traditional finance systems.Looking into 2026, he expects focus to shift away from headline TVL figures toward deeper questions:who controls issuance, where RWAs are used as collateral, and which venues capture secondary-market flow.Gold, Silver and Commodities Add a New Growth LegRallies in gold and silver are adding fresh momentum to the RWA narrative, pulling new capital into tokenized commodities.Recent estimates place the tokenized commodities market near $4 billion in market capitalization, led by gold-backed products such as Tether Gold and Paxos Gold, which have expanded alongside rising spot prices.Liu said the recent metals rally is “elevating tokenized commodities from niche RWAs to macro-relevant assets,” as investors demand 24/7, onchain access and settlement during periods of heightened volatility.As prices rise, issuance attracts liquidity, which in turn reinforces adoption — creating what Liu described as “behavioral validation” beyond simple yield-seeking.What Comes Next for RWAs in DeFi?Looking ahead to 2026, several themes stand out:RWAs are now foundational DeFi building blocks, not side experimentsTreasurys and private credit anchor onchain yieldCommodities introduce macro relevance and volatility hedgingInteroperability will be key, especially as RWAs evolve into neutral collateral that can move seamlessly across chains and venuesAs RWAs continue climbing DeFi’s rankings, the sector is increasingly shaping the bridge between traditional finance balance sheets and blockchain-native liquidity — a shift that could define the next phase of onchain finance.

According to PANews, recent statistics from defioasis.eth indicate that among the 1,733,785 trading addresses on Polymarket, approximately 70% have incurred losses, while only about 30% are in profit. Notably, a mere 0.0385% of top profitable addresses account for over 70% of total profits, amounting to $3.7 billion. Nearly 25% of addresses are profitable but only within the $0–1,000 range, contributing less than 1% to total profits. Meanwhile, over 63.5% of addresses have losses not exceeding $1,000, though 149 addresses have losses exceeding $1 million. This data is based on realized gains and losses, excluding any floating open positions.

According to Coinglass data, $50.0533 million in positions were liquidated across the network in the past hour, including $49 million in long positions and $1.05 million in short positions. In addition, $20.69 million in BTC positions were liquidated and $8.46 million in ETH positions were liquidated.

On Dec 29, 2025, 12:12 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 87,000 USDT and is now trading at 86,982.21875 USDT, with a narrowed 0.96% decrease in 24 hours.