1. Bitwise CIO: The idea of ​​banning stablecoins from paying interest is "like making a car slower than a horse"; 2. Greeks.live: Liquidity is weak at the end of the year, and the mainstream expectation in the options market is a slow decline; 3. ETF Store President: The US is still debating whether stablecoins can pay interest, and Tether will earn $15 billion in profits this year; 4. Trump Gold Card officially launched, requiring individuals to pay $1 million, and the "Platinum Card Program" is coming soon; 5. Ondo Finance: The platform's stock token liquidity comes from Nasdaq and NYSE, not AMM pools, and large-scale transactions have near-zero slippage; 6. Framework co-founder: Paradigm, a16z, and other VCs have all liquidated their SKY holdings, and we are the only ones still heavily invested; 7. The Hong Kong Securities and Futures Commission and the Securities and Futures Commission exchanged regulatory opinions on virtual assets and new financial products, and discussed clarifying the role of market makers; 8. Bitcoin spot ETFs saw a total net inflow of $224 million yesterday, with BlackRock IBIT leading the way with a net inflow of $193 million; 9. Ethereum spot ETFs Yesterday's total net inflow was US$57.5847 million, marking the third consecutive day of net inflows.

According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $224 million yesterday (December 10th, Eastern Time). The BlackRock ETF IBIT saw the largest single-day net inflow with $193 million, bringing its historical total net inflow to $62.604 billion. The Fidelity ETF FBTC followed with a net inflow of $30.5751 million, bringing its historical total net inflow to $12.281 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $122.431 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.63%, and a cumulative historical net inflow of $57.932 billion.

According to SoSoValue data, yesterday (December 10th, Eastern Time), Ethereum spot ETFs saw a total net inflow of $57.5847 million. The Ethereum spot ETF with the largest single-day net inflow was BlackRock ETF ETHA, with a net inflow of $56.4545 million, bringing its historical total net inflow to $13.207 billion. This was followed by Grayscale Ethereum Mini Trust ETF ETH, with a net inflow of $7.9137 million, bringing its historical total net inflow to $1.521 billion. The Ethereum spot ETF with the largest single-day net outflow was Fidelity ETF FETH, with a net outflow of $6.7835 million, bringing its historical total net inflow to $2.667 billion. As of press time, the total net asset value of the Ethereum spot ETF is $21.429 billion, with an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 5.29%, and a cumulative net inflow of $13.15 billion.

Global stablecoin capitalization has reached its highest level on record, climbing past $310 billion after expanding by more than $100 billion since the start of the year. The data, highlighted by Token Terminal, shows how quickly stablecoins have re-established themselves as one of crypto’s most important liquidity anchors following two years of consolidation. source: https://www.ethnews.com/global-stablecoin-market-cap-breaks-above-310b-to-set-new-all-time-high/

PLATO, a full-chain financial protocol with the vision of "connecting DeFi with the real economy," officially launched its governance token, PLATO, on December 9th. On-chain data shows the token's initial price was 0.002556 USDT, reaching a high of 0.019 USDT within 24 hours, a single-day increase of over 560%. The project's FDV is close to $80 million. The protocol employs a dual-token mechanism: the governance token PLATO, used for community governance, node rewards, and revenue distribution, and repurchased and burned through platform fees and RWA spreads to strengthen its value. The revenue rights token IHP, backed by revenue from real assets such as hydropower stations, aims to provide a stable cash flow for the ecosystem and reduce the risk of "air coins" (cryptocurrencies with no real value). Currently, the first phase of the Kyrgyzstan hydropower station, to which IHP is linked, is operational, and subsequent on-chain financing will be used for the second to fifth phase expansions, continuously injecting real-world revenue into the protocol.

The Federal Reserve announced overnight that it would begin purchasing short-term Treasury bonds as needed, and the New York Fed simultaneously announced plans to buy $40 billion in short-term Treasury bonds over the next 30 days. Although the RMP is not QE, the market did not care, and US Treasuries, US stocks, gold and crude oil all rose.

Polygon increases TPS by 40% with the Madhugiri upgrade, targeting further scalability advancements. source: https://coincu.com/news/polygon-madhugiri-increases-tps/

New insights from analytics platform Santiment show that while market sentiment has recently cooled, builders are quietly concentrating their efforts […] The post Chainlink Leads RWA Developer Race as Sector Holds Steady appeared first on Coindoo. source: https://coindoo.com/chainlink-leads-rwa-developer-race-as-sector-holds-steady/

Instead of describing October and November as failures, Coinbase frames them as a purge. source: https://coindoo.com/coinbase-institutional-says-market-reset-could-fuel-december-crypto-boom/

In this post: Bybit announced its strategic roadmap at the Bybit Institutional Gala event in Dubai, showcasing several advancements in regulation, institutional credit infrastructure, and execution technology.  Ben Zhou, Bybit Co-founder and CEO, delivered a keynote speech at the event, confirming that Bybit has received full authorization under the UAE’s VAPO framework. According to Zhou, the […] source: https://www.cryptopolitan.com/bybit-signals-regulated-institutional-future-with-new-licensing-milestone/

Bhutan has announced the issuance of TER, a sovereign-backed gold-pledged token, on the Solana blockchain. The issuance is spearheaded by the Gelephu Mindfulness City (GMC), with each token representing a physical gold reserve. While the token aims to serve specific use cases for GMC, industry insiders point out that this move further demonstrates Bhutan's long-term vision of integrating with the stablecoin ecosystem and using gold as a neutral asset-backed token. Decrypt's DK Bank (Bhutan's first central bank-regulated digital bank) will serve as the sole distributor and custodian of TER; the digital asset platform Matrixdock will provide the tokenization infrastructure. GMC stated that issuing the gold-pledged token is part of promoting "responsible innovation" and continuing Bhutan's transparent and sustainable values. TER will initially be available for subscription through DK Bank and will utilize institutional-grade custody. Analysts believe that gold may only be the beginning; Bhutan may explore tokenization paths for silver, rare stones, and even cultural and environmental assets in the future to realize resource value without actual mining. In recent years, Bhutan has been deepening its blockchain strategy: it began Bitcoin mining in 2019, supported by hydropower; it currently holds 5,984 BTC, ranking seventh among global sovereign institutions. GMC previously announced that it would include Bitcoin, Ethereum, and BNB in ​​its strategic reserves; Bhutan has also partnered with Binance Pay to expand encrypted payments and will integrate its national digital identity system with Ethereum this year, expecting to provide over 800,000 citizens with cryptographically verifiable identity credentials by 2026. (decrypt)

Ken realized that cryptocurrency was nothing more than a casino, not a revolution. But the real answer was: pragmatic optimism was the right attitude.

The gradual print begins.

The Federal Reserve ended the year with a 25 basis point rate cut, but why are internal divisions still intensifying? The dot plot and Powell's press conference were more dovish than the market expected; what are the reasons behind this, and how should we interpret them? Where will the market go from here?

In short: The 25bps rate cut was in line with expectations, but the dot plot and press conference information were more dovish than the market expected.

Powell, Federal Reserve, interest rate cuts, tariffs, inflation; Powell's underlying message: a carefully designed "scapegoating" and farewell. Golden Finance: Will there only be one interest rate cut next year?

美联储,降息,鲍威尔,货币政策,2025年12月美联储议息会议实录：RMP来了 金色财经,美联储RMP来了。

The UAE has a very clear macroeconomic strategy: to accelerate its transformation from a past oil-based economy to a future-oriented fintech hub. The crypto industry is a key sector for this leapfrog development, and it is currently in a relatively advantageous position.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2905, providing you with the latest and fastest news on the digital currency and blockchain industry.

SEC, Trump, Trump to hold "final interviews" for Fed Chair Hassett not yet a done deal, Golden Finance, Is Bessett still a potential successor?