According to PANews, a16z has submitted its opinions to the Commodity Futures Trading Commission (CFTC) regarding the Presidential Working Group's digital asset report. The venture capital firm proposes several measures to enhance regulatory clarity. Firstly, it suggests issuing no-action letters or interpretive guidance to clarify that qualifying 'Protocols'—blockchain and smart contracts—do not require registration. Secondly, a16z recommends providing no-action letters or guidance for 'Apps'—front-end interfaces—that meet specific functional and user qualification criteria, ensuring they are not subject to registration obligations such as FCM, IB, DCM, SEF, and clarifying compliance practices for ECP and domestic/foreign user certification. Lastly, the firm calls for rulemaking or exemptions to offer innovative exemptions or customized registration paths for Apps that do not meet the second condition. a16z highlights previous enforcement actions that have confused Protocol and App functions, leading to uncertainty that hampers innovation in the United States.

According to Odaily, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, has indicated that preliminary PMI data for December shows a deceleration in recent economic growth. Although survey data suggests an annualized GDP growth rate of approximately 2.5% for the fourth quarter, growth has slowed for two consecutive months. As new sales growth sharply declines ahead of the holiday season, economic activity may further decelerate entering 2026. Signs of economic weakness are widespread, with the influx of new orders in the large service sector nearly stagnant and factory orders experiencing their first decline in nearly a year. While manufacturers continue to report output growth, the drop in sales suggests that current production levels are unsustainable unless demand recovers in the new year. Service providers have reported that December's sales growth is among the slowest since 2023.

Coinbase turns to prediction markets, but has the Monad episode changed how users react? source: https://cryptonews.com/exclusives/big-plans-ahead-for-coinbase-some-expect-disappointment-after-monad/

Bitget 本期 Launchpool 项目 Theoriq（THQ）现已开放投入，锁仓 BGB 或 THQ 解锁 2,333,300 枚 THQ，锁仓通道时间截止 12 月 19 日 23:00（UTC+8）。本轮 Launchpool 共开放两个锁仓池，其中：BGB 锁仓池空投总量：2,133,300 THQVIP 用户锁仓上限：50,000 BGB普通用户锁仓上限：5,000 BGBTHQ 锁仓池空投总量：200,000 THQ个人锁仓上限：3,333,000 THQ此外，THQ 上线 Bitget 创新区及 AI 区，交易通道现已开放，提现通道将于 12 月 18 日 00:00（UTC+8）开放。

万事达卡宣布与阿布扎比 ADI 基金会达成战略联盟，扩展中东地区的稳定币结算和代币化资产应用场景，以将为银行、金融科技公司、商户和消费者提供更快的结算速度、更清晰的交易可见性和更具韧性的支付流程，此外还将通过稳定币结算支持国内外跨境交易、推出稳定币关联支付卡，并探索代币化现实世界资产用例，同时为汇款和 B2B 贸易流程提供数字资产支持。（Coinedition）

null source: https://x.com/CoinMarketCap/status/2000944152054521909

Stablecoin expansion started feeding demand for U. S. government debt. source: https://ambcrypto.com/how-stablecoin-growth-is-feeding-demand-for-u-s-govt-debt/

US jobs grew slightly more than expected to 64,000 in November, the Bureau of Labor Statistics reported Tuesday in numbers delayed by the government shutdown. source: https://catenaa.com/markets/special-reports/us-jobs-grew-by-64000-in-november-beating-estimates/

Ripple (XRP) is finding footing above $1. 90 at the time of writing on Tuesday after a bearish wave swept across the broader cryptocurrency market, building on persistent negative sentiment. source: https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-xrp-extends-losses-below-200-even-as-etf-inflows-exceed-1-billion-202512161315

With a solid spike in selling pressure, we might see the normalization of volatility in the next few days. source: https://u.today/crypto-market-prediction-this-is-what-saves-xrp-from-crashing-to-zero-three-ethereum-levels-to

RWA,RWA爆火背后：是机遇还是骗局？ 金色财经,RWA为什么突然火了？

自从加密货币诞生以来，隐私币一直是个大赛道。如果能做到”隐私+Web3社交“一站式的集成应用，无疑其将具备加密行业杀手级产品潜质。

今日晚间推荐阅读：1.回望2025：全球加密监管政策取得了哪些进展？；2.2026年加密牛市持续；3.Bitwise 2026年预测：比特币将打破四年周期 创下历史新高；

MetaMask 是世界知名的加密货币钱包，最初是为以太坊设计的，在首次暗示支持比特币近 10 个月后，MetaMask 正式增加了对比特币的支持。

x402协议,机器的经济秩序：智能体商业的全栈路径 金色财经,从协议栈到支付生态的 Agent 投资图谱。

HashKey Holdings 在首次公开募股（IPO）中募集资金 16 亿港元，尽管加密货币市场波动剧烈，其股票定价仍接近市场区间的顶端。此次发行吸引了机构和散户投资者的强劲需求，彰显了对该公司受监管加密货币平台的信心。

萨莫拉钱包（Samourai Wallet）开发者基奥内-罗德里格斯（Keonne Rodriguez）被判刑已经成为加密货币隐私权倡导者与美国监管机构之间不断升级的斗争中的一个决定性时刻--而现在，唐纳德-特朗普总统提出的潜在赦免建议可能标志着该行业一个罕见的转折点。

PayPal 申请了美国银行特许，为小企业提供直接贷款和计息储蓄账户。公司还向联邦存款保险公司（FDIC）提交了申请，以确保存款得到联邦保险。

保守估计，每年约有 20 亿加密资产因无人继承退出流通。

2025年，全球加密监管格局迎来全新变化，各地的监管不再依赖于执法行动塑造行业格局，而是制定了不同的监管框架。本文回顾加密行业2025年在全球主要地区取得的监管成果。