英国金融行为监管局（FCA）已就一系列针对加密货币行业的拟议规则展开咨询。此前，英国政府曾宣布将从 2027 年 10 月起对该行业实施监管。FCA 同时发布的一项研究报告显示，过去一年持有加密货币的英国成年人比例从 12%降至 8%。FCA 的提案涵盖加密资产上市、内幕交易和市场操纵、交易平台标准及经纪商规则。此外，咨询内容还包括审慎要求、加密货币质押风险监管、加密货币借贷保护以及加密公司的风险管理措施。该提案的意见征求截止日期为 2026 年 2 月 12 日，FCA 计划于明年年底前最终确定监管制度。（路透社）

Matrixport 发布最新图表分析指出，稳定币供应仍在扩张，但近 12 个月的滚动增速已于 10 月下旬见顶回落，USDT 与 USDC 的同比增速均出现明显降温。这一变化表明，流入加密市场的新增流动性正在同步放缓。Matrixport 认为，结合近期市场回调走势，美联储政策预期转向更为审慎，是流动性边际走弱的重要触发因素之一。报告强调，即便稳定币绝对规模仍在增长，整体加密市场的流动性环境也可能弱于此前预期，从而对风险资产形成约束。

预测市场中押注 凯文·沃什成为下任美联储主席的概率已升至首位。Deutsche Bank 研报指出，若 Warsh 当选，其可能支持降息与缩减资产负债表（QT）并行，但前提是监管改革能够降低银行体系对储备金的需求。Warsh 认为“通胀是一种选择”，根源在于美联储的政策决策，而非供应链或地缘政治。他呼吁美联储回归维持价格稳定的核心使命，并看好 AI 和去监管化带来的生产力爆发。Warsh 曾于 2006 年至 2011 年担任美联储理事，长期批评量化宽松政策。他目前是 Duquesne 家族办公室合伙人、Hoover Institution 访问学者及 Stanford 商学院讲师。（华尔街见闻）

According to BlockBeats, the probability of Christopher Walsh becoming the next Federal Reserve Chair has surpassed that of Kevin Hassett, as predicted by market trends. This shift comes as U.S. President Donald Trump's allies advocate for Walsh's appointment. A recent report by Deutsche Bank's Matthew Luzzetti team suggests that if Walsh is appointed, he may support interest rate cuts while also advancing balance sheet reduction (QT). However, the feasibility of these actions depends on regulatory reforms that could reduce the banking system's reliance on reserves, a prospect that remains uncertain in the short term. Walsh, a prominent candidate to succeed Jerome Powell, has previously argued that inflation is a choice, attributing it not to supply chain or geopolitical factors but to the Federal Reserve's policy decisions. He has called for the Fed and the Treasury to focus on their respective roles in managing interest rates and fiscal accounts, emphasizing the need for the Fed to reform and return to its core mission of maintaining price stability. Despite his policy criticisms, Walsh is optimistic about the U.S. economic outlook, believing that AI and deregulation could lead to a productivity boom similar to that of the 1980s. Walsh, a lawyer by training, served as a Federal Reserve governor from 2006 to 2011, playing a crucial communication role during the global financial crisis. He has been a long-time critic of the Fed's aggressive balance sheet expansion over the past 15 years, arguing that quantitative easing deviates from the central bank's core functions. Currently, Walsh is a partner at the Duquesne Family Office and serves as a distinguished visiting fellow at the Hoover Institution and a lecturer at Stanford Business School. His extensive background across academia, regulation, and investment gives him significant influence in monetary policy and financial markets.

Ripple's Reece Merrick has revealed the company's strategy behind the Ripple USD (RLUSD) stablecoin. source: https://u.today/ripple-exec-reveals-ambitious-plans-for-rlusd

"By Christmas, Ethereum is more likely to challenge the upside than suffer a deep collapse," ChatGPT stated. source: https://cryptopotato.com/4k-rally-or-2k-crash-4-ais-speculate-what-is-more-likely-for-eth-by-christmas/

According to PANews, Matrixport's recent analysis indicates that while the supply of stablecoins continues to expand, the rolling growth rate over the past 12 months peaked in late October and has since declined. The inflow of stablecoins and the addition of new liquidity to the crypto market are cooling simultaneously. The institution suggests that the Federal Reserve's shift towards a more cautious stance is a significant trigger for the weakening liquidity. This implies that even though the absolute scale of new additions remains substantial, the overall liquidity environment may be weaker than previously anticipated.

1. glassnode：过去三个月几乎所有加密货币平均回报率均低于 BTC；2. Grayscale：比特币预计将在 2026 年上半年创下新高；3. Magic Eden：Ordinals 回购现已上线，将 15%费用用于永久收藏；4. SEC 主席 Paul Atkins 警告加密货币或成金融监控工具；5. 麻吉大哥 ETH 多单遭全部清算，账户余额仅剩 15919 美金；6. Cathie Wood 旗下 Ark Invest 继续买入 BitMine 等股票，总额达 5644 万美元；7. Moonrock 创始人评 Circle 收购 Axelar 团队：这是又一起变相 RUG；8. Monad 链上手续费收入连续 5 日低于 5000 美元，12 月 15 日仅 3824 美元；9. Bitwise CEO：12 个月内加密货币将融入金融服务的各个环节；10. 特朗普：将审查 Samourai Wallet 开发者的案件；11. 6MV 创始人：Circle 副总裁曾向 Axelar 联创直言“我才不在乎你的投资人”。

A newly discovered bug in React has the potential to drain all of your tokens, and this issue is currently affecting thousands of websites across the internet. source: https://www.coindesk.com/tech/2025/12/16/new-react-bug-that-can-drain-all-your-tokens-is-impacting-thousands-of-websites

2026年即将到来，ETH价格与基本面的关系比自NFT狂热以来的任何时候都更为清晰。通过MVRV指标及其在代币化资产中的主导地位来看，ETH似乎为配置者提供了一个长期投资标的。

据官方公告，韩国加密交易所 Bithumb 将在韩元市场上线 EDEN 代币。

最近吵的比较凶的Aave DAO vs Aave Labs，协议层和产品层的治理权力争议，背后是全行业的治理困境。梳理了一下这个问题。到底谁是Aave的主人？

Soulja Boy 为推广众多后来失败或诈骗的加密货币和 NFT 项目而道歉。由于他似乎参与了 Base 平台上新的高风险代币项目，批评家和分析师仍对此表示担忧。

过去推动四年周期的因素——比特币减半、利率周期以及加密货币杠杆驱动的繁荣与萧条——已经明显弱于以往的周期

Grayscale：加密资产类别正处于持续牛市之中，2026年将标志着四年周期的结束。比特币价格可能在2026年上半年超过此前最高点。

比特币网络刚刚遭受了一次突如其来的冲击，比特币的哈希率在 24 小时内急剧下降了 10%。但更令人惊讶的是，专家们把矛头指向了中国，声称是中国造成了比特币的突然下跌。

MoonPay 为 Solana Mobile 的 Seeker 手机推出了一款新的购物应用，让用户可以浏览商店并直接在设备上用加密货币支付。该应用的特色是精选商家和购物奖励，旨在让数字资产消费变得简单而安全。

对于交易所/协议来说，如果清算机制的目的是为了保证公平，那么ADL就是为了保命。

美国SEC主席Paul S. Atkins在加密货币工作组金融监控和隐私圆桌会议上表示，围绕区块链隐私与监管边界的讨论正成为监管核心议题。

AI泡沫已经成为支撑美国宏观经济的唯一支柱，本质上是富人资产负债表上的最后一道防线。