Wintermute 在 X 平台发文表示，在更广泛的宏观风险容忍度正常化之际，市场正在震荡但更具韧性的区间内进行整合。加密活动正收窄至 BTC 和 ETH，散户和机构资金流显示出正向倾斜，且杠杆率相对较低。宏观不确定性主导两个月后，市场开始对负面输入表现出更大的容忍度。市场已进入整合阶段，价格行为在过去两周内大多处于区间波动。在加密领域，这转化为一个消化期，而非趋势形成期。BTC 已回升至 9.2 万美元左右，加密市场总市值已反弹至约 3.25 万亿美元。上周五 BTC 曾出现约 4000 美元的盘中急跌，由连锁清算引发，一个多小时内清算了约 20 亿美元。Nasdaq 动能减弱正推动资金流向优质资产，引发资金轮动至主流币，BTC 和 ETH 同时获得散户和机构资金流入。受美联储周三决议和日本央行下周会议的影响，市场正等待宏观明晰性，当前基差压缩，表明方向性杠杆敞口有限。

金融的未来属于链上，代币化存款和稳定币都是实现这一目标的必要基础设施。

Comptroller of the Currency Jonathan Gould warned that restricting national trust banks from digital assets would stifle innovation. source: https://decrypt.co/351598/occ-chief-banks-blocking-crypto-custody-is-recipe-for-irrelevance

The crypto market is down today. BTC decreased by 1. 1% to $90,480, and ETH is down by 0. 3% to $3,122. “All eyes are on Bitcoin’s $91,000 resistance level. ” source: https://cryptonews.com/news/why-is-crypto-down-today-december-9-2025/

null source: https://x.com/solidintel_x/status/1998366637565874237

null source: https://x.com/DaanCrypto/status/1998366534482141426

比特币价格走势在日线图上形成了看跌持续形态，这可能推动 BTC 跌至新低。现货购买量的急剧下降和 ETF 需求的减弱，暗示上行空间可能有限，熊旗形态的目标价格为 6.7 万美元。BTC/USD 货币对在日线图上形成了熊旗形态。自 11 月 11 日从 10.7 万美元高点下跌后，熊旗形态形成，近期反弹被旗形上边界 9.3 万美元附近拒绝。日线收盘价若跌破旗形下边界 9 万美元，可能为跌向该形态的测算目标 67,380 美元（约 2021 年价格顶部）打开通道，这意味着较当前价格下跌 25%。交易员 Roman 在 X 平台发文表示，指标处于超卖状态，当前盘整使指标得以降温，为继续下行趋势做准备。Glassnode 在最新报告中表示，比特币的现货累计成交量差值（CVD）从上周的-4080 万美元进一步减弱至-1.117 亿美元，表明潜在抛售压力增强，短期内看跌情绪倾斜。Glassnode 指出，上周现货比特币 ETF 需求放缓，从 1.342 亿美元的净流入转为 7.073 亿美元的净流出，这表明投资者在重新评估仓位时持更加谨慎的态度。根据 Farside Investors 数据，周一 ETF 再次流出 6000 万美元。（Cointelegraph）

XRP's network performance is certainly showing a specific level of dominance that occurred after the introduction of ETFs. source: https://u.today/xrp-prints-707000000-in-24-hours-is-this-enough

"Aster’s Hype Cycle Breaks Down – Here Is Why the Market Is Snapping Back to Fundamentals" The recent developments surrounding Aster’s Hype Cycle indicate a significant shift in the market's direction, prompting a reassessment of core principles and values. As the excitement and inflated expectations that often accompany emerging technologies begin to wane, investors and analysts are turning their attention back to the foundational elements that drive sustainable growth and success. This transition signals a critical moment in which the market is recalibrating itself, moving away from speculative trends and focusing on tangible performance metrics, sound financial practices, and the underlying realities of the economic landscape. Understanding the reasons behind this return to fundamentals is essential for making informed decisions in a rapidly evolving marketplace. source: https://blocknews.com/asters-hype-cycle-breaks-down-here-is-why-the-market-is-snapping-back-to-fundamentals/

Despite falling trading volumes, HashKey is pushing ahead with its IPO. source: https://cryptopotato.com/hashkey-seeks-historic-ipo-as-hong-kong-bets-big-on-regulated-crypto/

The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000. source: https://cointelegraph.com/news/bitcoin-bear-flag-pattern-targets-67k-btc-spot-demand-slumps?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

当美国还在纠结“谁管什么”，当欧洲 MiCA 还在磨合期，阿布扎比已经默默完成了基础设施的拼图。

美国经济正在发生一件极其可怕的事，几乎没人公开谈论。

About 40% of Canadian crypto users are failing to report taxes or are at high risk of non-compliance, making enforcement difficult. The CRA has recovered millions through audits but faces challenges due to anonymous transactions, while new laws and reporting rules are planned for 2026 to improve oversight.

从DeFi到RWA，再到今天的SEC结束调查，Ondo踩准了每一个市场机遇，这或许是Ondo发展至今依旧深受关注的秘诀。

当"恐惧与贪婪指数"长时间处于令人不安的低位区间时，市场往往被恐惧与不确定性笼罩。

A Binance employee was suspended for using insider information to promote a new token on the exchange’s official social media account. The token gained rapid attention and value, and Binance rewarded whistleblowers while promising stronger controls to prevent similar misconduct.

Jupiter,SOLANA,引发Solana“内战”？Kamino和Jupiter到底在争什么 金色财经,Kamino和Jupiter的争端

富达 CEOAbigail Johnson 分享比特币与早期挖矿、加密托管、稳定币、创新投资模式，以及「自建 vs 收购」等话题。

ChatGPT users saw prompts in their chats that looked like ads, causing confusion and concern. OpenAI said these were just experimental app suggestions, not paid advertisements, and has now removed the feature.