监管机构正在为银行在链上开展业务构建一个连贯的框架。

据 OnChainLens 检查，某巨鲸向 HyperLiquid 存入价值 246 万美元的 USDC，并以 3 倍杠杆开立了 568 万美元 ZEC 空头头寸。

日本比特币财库公司 Metaplanet CEO Simon Gerovich 发文称，Metaplanet 将于 12 月 22 日召开特别股东大会，本次股东大会将包含有关未来发行优先股的重要提案，对公司中长期战略至关重要。

According to Odaily, Markos Mom recently shared insights on the X platform regarding the nature of 24/7 Nasdaq contracts. He emphasized that these contracts do not represent a true index, as their prices are primarily influenced by positions, leverage, funding rates, and liquidation mechanisms rather than new information from underlying companies, options, or geopolitical events. When the actual market is closed, there is no ETF arbitrage, options market, or cash stock flow. Instead, it functions as a price, a liquidation engine, and traders' predictions for the opening. Mom pointed out that this scenario is no longer about price discovery but rather a stress test. This explains the sudden 4% drops during calm weekends, followed by almost immediate recoveries to previous ranges. Such abrupt fluctuations are not mean reversion but occur due to an open countdown until the reference market reopens, forcing the market to re-anchor. This distinction clarifies why the product sometimes experiences dramatic misalignments. Low volatility encourages leverage, which accumulates stop-loss orders, boosting liquidations and causing significant temporary fluctuations. The weekend volatility range of this product is not constrained by logic or fair value but by balance sheet and margin limitations. For most, it resembles a coin-flip gamble with a future convergence event and an extremely uncertain path.

According to BlockBeats, Ki Young Ju, founder and CEO of CryptoQuant, shared insights on social media regarding an analyst consensus index developed using Claude AI. This index was constructed from the perspectives of 246 selected analysts and has successfully predicted significant Bitcoin market movements, including the downturn in 2022, the upward trend in 2023, and the current market correction. In response to inquiries about future market directions, Ju emphasized the importance of maintaining one's own judgment and holding existing positions amid the current neutral and uncertain market conditions.

The U. S. Securities and Exchange Commission has released a new investor bulletin aimed at a simple but often overlooked question in crypto: where and how assets are held. The guidance focuses on custody choices, highlighting that storage decisions can introduce risks that have nothing to do with market prices source: https://www.ethnews.com/sec-warns-investors-how-you-store-crypto-can-matter-more-than-what-you-buy/

China’s offshore yuan bond issuance hit a record 870 billion yuan ($123 billion) this year, growing for the eighth year in a row. source: https://www.cryptopolitan.com/chinas-yuan-bonds-hit-record/

Privacy tokens are rallying, new infrastructure is gaining steam, and VCs are paying closer attention to this area. source: https://www.theblock.co/post/382465/why-privacy-hot-narrative-crypto?utm_source=rss&utm_medium=rss

根据 SoSoValue 数据，加密市场全线下跌，Layer2 板块领跌 3.59%，Celestia（TIA）下跌 4.83%，Mantle（MNT）下跌 5.67%，但 Movement（MOVE）逆势上涨 8.16%。此外，Bitcoin（BTC）下跌 1.36%，一度跌破 8.8 万美元，现回升至 8.9 万美元上方。Ethereum（ETH）下跌 0.31%，跌至 3000 美元后反弹至 3100 美元上方。其他板块方面，Layer1 板块 24 小时下跌 1.25%，但 TRON（TRX）上涨 2.38%；CeFi 板块 24 小时下跌 1.37%，Canton Network（CC）相对坚挺，上涨 1.64%；PayFi 板块下跌 1.52%，Trust Wallet（TWT）盘中冲高 1.84%；Meme 板块下跌 2.00%，PIPPIN（PIPPIN）上涨 2.21%；DeFi 板块下跌 2.39%，MYX Finance（MYX）逆势上涨 3.67%。反映板块历史行情的加密板块指数显示，ssiLayer1、ssiCeFi、ssiLayer2 指数分别下跌 0.75%、1.33%、3.93%。

على الرغم من احتفاظ شركة ستراتيجي الخزانة للبيتكوين (MSTR) بموقعها في مؤشر ناسداك 100، إلا أن المخاوف بشأن استدامة نموذج أعمالها تتزايد، حيث تشير تحليلات جديدة إلى أن عام 2028 سيكون العام الحاسم الذي سيحدد بقاء الشركة. تمتلك الشركة الآن مركزا في بيتكوين كبيرا بما يكفي للتأثير على السوق الأوسع. ممتلكاته تتجاوز بكثير حجم الحوت النموذجي. تايغر ريسيرش: "2028 هو الاختبار الحقيقي" حددت شركة أبحاث البلوك تشين تايغر ريسيرش عام 2028 كنقطة مخاطرة رئيسية في تحليلها للهيكل المالي للاستراتيجية source: https://ar.beincrypto.com/strategy-2028-critical-survival-test/

随着这一轮周期逐渐走向尾声，感觉以太坊似乎从未真正迎来过它的高光时刻。

SEC主席此次发言不仅是其全年总结性讲话，更是对美国资本市场未来发展路径的一次系统阐述。

x402的v2版本基于生产部署经验，代表着一次根本性的架构变革。

金色财经推出加密货币和区块链行业早报《金色早8点》2909期，为您提供最新、最快的数字货币和区块链行业新闻。

本文虽然短小，但信息量很密集，因为很多架构概览都是高度浓缩的，并且由于不少上文技术未完全开源，多数技术实现源于已公布信息分析。

以太坊正在崛起，成为一种通用的金融后端，它降低了构建金融服务的成本和复杂性，同时提高了速度和安全性。

没有哪个行业一路走来都是正确的，直到它们真的改变了世界。

被曝光的案例永远都是少数，不管交易所如何喊口号，区块链技术的内在特征决定了这会为内幕交易者提供了便利条件。

金色周刊是金色财经推出的一档每周区块链行业总结栏目，内容涵盖一周重点新闻、矿业信息、项目动态、技术进展等行业动态。