According to ChainCatcher, a survey conducted by Bank of America among global fund managers reveals that cash levels have dropped to a record low of 3.3%, down from the previous 3.7%. Meanwhile, allocations in stocks and commodities have increased to their highest levels since February 2022.

新加坡贸易金融平台 Olea Global 宣布完成 3000 万美元 A 轮融资，本轮由西班牙对外银行 BBVA 领投，XDC Network、theDOCK 及渣打银行创投部门 SC Ventures 等参投。Olea 表示，本轮融资将用于加速 AI 驱动的数据分析能力建设、推进 Web3 相关技术布局，并在高增长市场拓展嵌入式金融等解决方案。同时，公司计划借助全球合作伙伴网络，扩大在欧洲、美国、拉美及亚洲等贸易走廊的业务覆盖。公开信息显示，Olea 持有新加坡金融管理局（MAS）颁发的资本市场服务牌照，自 2022 年成立以来，已联合 30 余家机构资金方，在 70 多条贸易通道中为超过 1000 家供应商与买方提供累计约 30 亿美元的贸易融资支持。

The growth rate of USDT’s market cap has plunged by two-thirds since November, signaling a major contraction in crypto market liquidity. source: https://decrypt.co/352522/crypto-market-liquidity-shrinks-ahead-of-holidays

Bitget 宣布已集成 Monad 网络，成为支持 Monad 生态链上交易的中心化交易平台。用户可直接通过 Bitget 现货账户，使用 USDC 交易基于 Monad 的链上资产。此次集成在现有基础上拓展了 Bitget 链上交易 Onchain 对多链生态的支持范围，使用户能够在统一账户体系下参与不同生态的链上资产交易。通过减少平台切换与外部钱包操作，该模式在一定程度上简化了多链环境下的交易流程与资产管理方式，为用户提供更高效的链上交易入口。

Price has stopped trending aggressively in either direction, suggesting that speculation has given way to evaluation. source: https://coindoo.com/pi-network-price-consolidates-while-analysts-watch-the-next-move/

null source: https://x.com/CoinMarketCap/status/2000883694001942564

Solana faces declining liquidity and profitability, with analysts warning the network is undergoing a full liquidity reset, leaving it exposed to near-term volatility. source: https://catenaa.com/markets/cryptocurrencies/solana-faces-liquidity-pressure-as-profitability-weakens-analysts-warn/

Ten months after the initial announcement, users can now buy, swap, and transfer Bitcoin directly from the wallet. source: https://atlas21.com/metamask-integrates-bitcoin-multi-chain-expansion-continues/?utm_source=rss&utm_medium=rss&utm_campaign=metamask-integrates-bitcoin-multi-chain-expansion-continues

永续合约 DEX 聚合器 vooi 官方于 X 平台发文表示，即将于北京时间 12 月 18 日晚上 8 点开放空投领取。此前空投快照时间为北京时间 12 月 8 日 8 时，空投领取开放限时 30 天。空投领取关键资格包括：1. 交易积分持有者：按积分、交易量及活跃度分配；2. V1 老用户：需在 V2 完成交易并通过反女巫审查；3. Cookie 活动赢家：Top 300 cSnappers、Top 500 Snappers 等专属配额。领取方式：• 仅限官网注册账户，需通过反女巫验证（行为分析+人工审核）。• 代币释放规则因分配池而异，部分存在锁定期。 注：未通过反女巫检查（如批量注册、虚假交易）将取消空投领取资格。此前消息，官方代币经济模型信息如下：总量为 10 亿枚，其中空投与社区销售占 10.53%；社区发展与营销（包含第二季空投）占 27.82%；社区贡献者占 17%；私募轮与战略投资者占 13.65%；项目基金会占 31%。

According to PANews, despite the Federal Reserve's anticipated interest rate cut and dovish signals exceeding market expectations, the U.S. financial markets have not uniformly shifted towards risk appetite. Instead, ongoing challenges in the artificial intelligence sector, such as valuation pressures, extended capital expenditure return cycles, and increased uncertainty in profit realization, are influencing market sentiment. This has resulted in a complex divergence in the performance of U.S. stocks and bonds. In the bond market, long-term U.S. Treasury yields have risen this week, with the 10-year yield increasing by about 5 basis points during the typical 'Fed rate cut week.' This counterintuitive trend suggests that the market is not simply pricing the rate cut as the start of comprehensive easing. Instead, it is reassessing inflation persistence, the pressure of U.S. debt supply amid fiscal deficits, and the marginal impact of rate cuts on the real economy and corporate profits. From a pricing perspective, this appears to be an early discounting of the 'effectiveness of easing policies.' The key determinant of market direction remains inflation data. The U.S. November CPI annual rate, core CPI annual rate, month-on-month data, and weekly initial jobless claims, released on Thursday evening, will serve as the core pricing anchors for the dollar and risk assets. With the current CPI still around 3%, significantly above the 2% target, market focus has shifted from 'whether to cut rates' to 'whether rate cuts are reasonable and sustainable.' If CPI data falls significantly below expectations, it will further validate the Fed's current shift towards easing, potentially exerting downward pressure on the dollar and providing some recovery space for risk assets. Conversely, if inflation remains strong or stubborn, the market will reassess the risks of 'premature easing,' possibly leading to a dollar rebound and increased volatility in interest rates and the stock market. Overall, while the Federal Reserve has completed its policy shift, the market is still waiting to see if this shift can truly translate into growth improvement and profit recovery. In the context of cooling AI narratives and high long-term interest rate fluctuations, the market is more likely to repeatedly price around inflation data and policy expectations in the short term, rather than entering a clear unilateral trend.

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。

如果 Crypto × Fintech 在未来 10 年真的创造了增益，那 biggest winners 会是谁？

既然稳定币——法币的代币化形式，能够在现实世界高效运转，那么股票的代币化形式呢？

在加密行业越来越主流化之际，华人创业者离舞台中央却似乎越来越远了。