On December 11th, according to SoSoValue data, the crypto market saw a general pullback across all sectors, with the DePIN sector leading the decline at 4.28% in the past 24 hours. Within the sector, Filecoin (FIL) fell 7.50%, and Render (RENDER) fell 5.52%. Additionally, Bitcoin (BTC) fell 1.41%, dropping below $91,000, and Ethereum (ETH) fell 1.02%, dropping below $3,300. In other sectors, the CeFi sector fell 1.00% in the last 24 hours, with Cronos (CRO) down 3.39%; the Layer 2 sector fell 2.15%, but Mantle (MNT) remained relatively strong, rising 1.12%; the DeFi sector fell 2.35%, with Hyperliquid (HYPE) bucking the trend and rising 2.95%; the Layer 1 sector fell 2.54%, with Zcash (ZEC), which had previously seen significant gains, falling 10.78%; the PayFi sector fell 2.92%, with Ultima (ULTIMA) surging 6.63% intraday; the AI ​​sector fell 3.85%, but Pieverse (PIEVERSE) surged 28.38%; and the Meme sector fell 3.88%, with PIPPIN (PIPPIN) rising again by 6.67%. The crypto sector indices, which reflect the historical performance of the sector, show that the ssiAI, ssiNFT, and ssiDePIN indices fell by 5.55%, 5.32%, and 5.16%, respectively.

The Meteora team released a new token economics update, stating that MET remains the core asset of the protocol. The team will maintain long-term flexibility and will not make any restrictive adjustments to the token in the early stages. The official statement indicates that they will focus on expanding revenue, optimizing costs, and transparently disclosing financial information to the community to create value for token holders. According to the disclosure, Meteora invested 10 million USDC in buybacks in Q4 2025, cumulatively recovering approximately 2.3% of MET. The total supply will continue to be repurchased from the same buyback address. Simultaneously, the protocol launched the new Meteora Economy and the "Comet Points" system. Users can earn Comet Points by staking MET or using products, which can be used to redeem airdrop/pre-sale qualifications, offline exchanges, LP guidance services, etc. The official statement indicates that the economic model will be continuously adjusted based on community feedback.

On Dec 11, 2025, 02:17 AM(UTC). According to Binance Market Data, BNB has dropped below 870 USDT and is now trading at 868.169983 USDT, with a narrowed 2.60% decrease in 24 hours.

According to ChainCatcher, on-chain analyst @EmberCN has reported that a significant whale has converted 1,469 BTC into 43,647 ETH through THORChain over the past two weeks. The total value of the transaction is approximately $131 million, with an average exchange rate of $3,000 per ETH. The ETH obtained from this conversion was consolidated and transferred to multiple wallet addresses 11 hours ago.

According to AI's monitoring, a whale deposited 3373.1 ETH, worth $11.467 million, into Binance in the past 7 hours. This whale had previously withdrawn 3593.21 ETH on October 14 at an average price of $4051. If it sells all of this deposited ETH, it will incur a loss of $2.196 million.

21Shares XRP ETF listing on Cboe lacks verified approval, causing speculations. source: https://coincu.com/news/21shares-xrp-etf-cboe-listing/

According to a blog post by a16z Crypto, the fund is accelerating its expansion in the Asian market, opening an office in Seoul, South Korea. The focus will be on supporting local entrepreneurs, expanding partnerships, strengthening distribution channels, and driving regional community growth. a16z Crypto stated that South Korea has become the world's second-largest crypto market, demonstrating strong on-chain activity, user engagement, and a vibrant developer ecosystem. In addition to South Korea, on-chain engagement in Singapore, Hong Kong, and Japan is also continuously increasing. a16z Crypto claims that compared to traditional financial centers, South Korea is a "true crypto product development center," and the choice of Seoul as its Asian hub is based on its strong local developer ecosystem and market vitality. Data shows that nearly one-third of adults in South Korea hold crypto assets. The new head, Sungmo Park, previously served as the Asia-Pacific head of the Monad Foundation and was responsible for ecosystem development and GTM work in East Asia, Greater China, Southeast Asia, and India at Polygon Labs. In the future, he will collaborate with early-stage teams and established companies to accelerate the development of the regional crypto ecosystem. (CoinDesk)

Dragonfly managing partner Haseeb Qureshi has sharpened his defense of Ethereum’s valuation, arguing that critics are using the wrong financial framework and that ETH should be analyzed more like an early-stage Amazon than a mature “value” stock. Speaking on the Milk Road Show on 9 December 2025, Qureshi revisited his now-viral valuation clash with investor Santiago “Santi” Santos, hosted by ThreadGuy, which reignited the debate over how to price layer 1 blockchains. At the core of Qureshi’s thesis is a simple but controversial claim: fee revenue on Ethereum is effectively pure margin and should be treated as profit, not as “revenue” in the traditional corporate sense. “Blockchains don’t have revenue source: https://www.newsbtc.com/news/ethereum/ethereum-valued-like-amazon-dragonfly-qureshi/

DeepMind will open its first UK lab to research new materials for batteries, semiconductors, medical imaging, and solar panels. source: https://www.cryptopolitan.com/deepmind-opens-first-automated-lab-in-uk/

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?

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.

On the eve of Do Kwon's trial, Terra Do Kwon is gambling $1.8 billion on his sentence. Golden Finance: Dead fundamentals, vibrant speculation.

Recommended reading tonight: 1. Multicoin: Stablecoins and Fintech 4.0; 2. Why are crypto giants like Binance, Tether, and Circle flocking to Abu Dhabi?; 3. Four reasons to be bearish on US stocks in 2026.

This article will share perspectives from the infrastructure, growth, bio + health, and Speedrun teams.