The AI ​​investment boom reached a turning point at the end of 2025, with the market shifting from a "buy and ask questions" approach to a "return-first" approach. Demand is genuine, but tight fiscal conditions and macroeconomic weaknesses amplify risks. If profitability is not achieved by 2026, valuation adjustments are inevitable.

According to on-chain analyst Ember, a whale holding a total of $700 million in long positions has not added to its holdings in the past two days. With the market decline, its long positions are currently showing a floating loss of $73.18 million. This whale holds 191,000 ETH ($540 million) in long positions, opened at $3,167, with a floating loss of $64.28 million and a liquidation price of $2,083; 1,000 BTC ($86.15 million) in long positions, opened at $91,506, with a floating loss of $5.35 million; and 250,000 SOL ($30.83 million) in long positions, opened at $137.5, with a floating loss of $3.55 million.

According to BlockBeats, U.S. SEC Commissioner Hester Peirce released a statement on December 17, inviting public feedback on issues related to the trading of crypto assets on national securities exchanges (NSE) and alternative trading systems (ATS). This follows the release of a new set of FAQs by the Division of Trading and Markets. The statement emphasizes the need for clear trading and clearing arrangements for crypto asset securities and the trading pairs of securities and non-securities crypto assets. Peirce highlighted the SEC's readiness to collaborate with market participants to facilitate compliant trading on regulated platforms. Peirce noted the urgent need for clearer market structure rules to protect investors and maintain market order while avoiding unnecessary regulatory burdens on innovation. She expressed particular interest in whether Regulation ATS, introduced in 1998, and Regulation NMS are outdated in the context of crypto assets and blockchain technology. Key topics for public input include reducing entry barriers for crypto asset securities and trading platforms, encouraging innovation, assessing whether current Reg NMS and Reg ATS impose disproportionate compliance costs on crypto trading, and whether a specific Form ATS should be established for crypto ATS or if existing disclosure requirements should be adjusted. Other considerations include whether crypto ATS information disclosures should remain non-public or be subject to SEC review or public mechanisms, the necessity of retaining Form ATS-R quarterly reporting in the context of blockchain and on-chain data traceability, and the need for clear compliance methods for converting non-dollar assets to dollars. Additionally, the statement seeks input on handling trade information confidentiality, system risk controls (Rule 15c3-5), and system compliance (Reg SCI), as well as how to avoid regulatory obstacles to individual software development and the use of automated or decentralized trading methods. Peirce emphasized that these issues will be crucial for the SEC's crypto working group in future policy development. The regulatory body is open to broader suggestions to improve the regulatory framework for NSE and ATS. The statement is seen as another indication of the SEC's relatively open stance towards reforming the market structure for crypto asset trading.

Polygon Foundation resolves RPC node failure swiftly, restoring full network functionality with timely patches and synchronization. source: https://coincu.com/news/polygon-positively-recovers-node-incident-service-restores/

Ethereum may be entering a decisive phase against Bitcoin, as long-term technical indicators suggest a shift in relative strength after an extended period of underperformance. source: https://www.ethnews.com/ethereum-vs-bitcoin-technical-signals-point-to-a-major-trend-reversal/

Caroline Pham is set to leave the Commodity Futures Trading Commission (CFTC) after four years of employment. She will now work with MoonPay as its Chief Legal and Administrative Officer. With Caroline Pham’s exit from the CFTC to join the crypto payment company, MoonPay, Mike Selig, a crypto lawyer will fill her role. She follows […] source: https://www.cryptopolitan.com/cftc-caroline-pham-transitions-to-moonpay/

الرؤى الرئيسية أعلنت شركة Hut 8 لتعدين البيتكوين عن شراكة بنية تحتية للذكاء الاصطناعي مع شركتي Anthropic و Fluidstack. وقد وقعت عقد إيجار مركز بيانات للذكاء الاصطناعي في حرم ريفر بيند الجامعي، مع توفير جوجل دعماً مالياً يغطي الالتزامات. source: https://www.thecoinrepublic.com/ar/2025/12/17/%d8%b4%d8%b1%d9%83%d8%a9-hut-8-%d9%84%d8%aa%d8%b9%d8%af%d9%8a%d9%86-%d8%a7%d9%84%d8%a8%d9%8a%d8%aa%d9%83%d9%88%d9%8a%d9%86-%d8%aa%d8%aa%d8%b9%d8%a7%d9%88%d9%86-%d9%85%d8%b9-%d8%b4%d8%b1%d9%83%d8%a7/

Key Insights Bitcoin mining firm Hut 8 announced an AI infrastructure partnership with Anthropic and Fluidstack. It has signed an AI data center lease at Riverbend Campus, with Google providing a financial backstop covering obligations. The massive AI partnership news triggered an almost 18% surge in HUT stock on Wednesday, regaining confidence among investors source: https://www.thecoinrepublic.com/2025/12/17/hut-8-bitcoin-mining-firm-partners-anthropic-fluidstack-stock-soars-25/

The Fed dropped its old 2023 rule and replaced it with a new policy that gives state member banks room to use innovative tools without being stuck under the limits created two years ago. The Board said the financial system changed enough to make the earlier rule useless. The new move applies to both insured […] source: https://www.cryptopolitan.com/fed-backs-off-2023-bank-crypto-restrictions/

According to Onchain Lens monitoring, whales are accumulating HYPE from HyperLiquid. A newly created wallet, “0x23A,” deposited $7.1 million in USDC and purchased 277,420 HYPE at $25.59. Whale “0xE86” deposited $10 million in USDC, accumulating $15 million in deposits over two days, increasing its HYPE holdings by 414,997 (worth $10.19 million). This whale currently holds $5.7 million in USDC for further purchases and has staked 501,494 HYPE (worth $12.3 million). Whale “0x5Ae” deposited $20 million in USDC and placed an order to buy HYPE at $15.

The market is seeing real recovery potential, but it can only happen if bears become exhausted enough. source: https://u.today/crypto-market-prediction-bitcoins-perfect-recovery-picture-ethereums-eth-time-to-recover-is-now-is

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2912, providing you with the latest and fastest news on the digital currency and blockchain industry.

Private lending is gaining momentum on tokenized real-world assets (RWA) platforms.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The payment industry may seem "old," but it has always been the earliest and most easily restructured part of the financial system by technology.

Recently, a dispute has surfaced between Aave DAO and Aave Labs. The former is responsible for the governance protocol, while the latter is the developer of Aave products.

HashKey, RWA, Reshaping the Asian Crypto Narrative Through the Narrow Gate Between Compliance and Innovation: Five Key Takeaways from HashKey's IPO (Jinse Finance) - HashKey's IPO is at a historical crossroads.

Cryptocurrency: Bitcoin Crash, Institutional Bottom-Fishing, Regulatory Breakthroughs: Three Major Storms Await the Crypto Market at the End of 2025. (Jinse Finance) At the end of 2025, the cryptocurrency market enters a "stormy mode."

Since 2023, JPMorgan Chase has withdrawn nearly $350 billion in cash from its Federal Reserve accounts and invested most of it in U.S. government bonds.

The market is almost universally bearish, with sentiment extremely low. The fear index has been at its lowest level for a month.