According to PANews, digital asset treasury (DAT) companies listed in the United States and Canada have seen their stock prices drop by a median of 43% this year, contrasting with Bitcoin's approximate 6% decline since the beginning of the year. SharpLink, an Ethereum treasury company, has experienced an 86% decrease in its stock value from its peak, with its market capitalization now lower than the value of its digital token holdings. The company's stock is currently valued at about 0.9 times its Ethereum holdings. SharpLink previously shifted from its gaming business to issuing stock and purchasing Ethereum, causing its stock to surge over 2600% within days. However, compared to Greenlane, SharpLink remains relatively fortunate; Greenlane's stock has plummeted over 99% this year despite holding approximately $48 million in BERA crypto tokens. Additionally, Alt5 Sigma, a DAT company once supported by U.S. President Donald Trump's two sons, has seen its stock fall about 86% since its peak in June. Some DAT companies have managed to maintain a market capitalization above their underlying holdings' value, but most investors who bought near peak levels have incurred losses, with 70% of company stocks likely to end the year below their initial levels. The worst performers are those that avoided Bitcoin in favor of smaller, more volatile tokens. The volatility of these stocks is partly attributed to companies borrowing heavily to acquire cryptocurrencies. Meanwhile, lesser-known small DAT companies face dwindling opportunities to raise funds as cryptocurrency prices decline and investor enthusiasm wanes.

この行動の13の省と7つの協会を通じて、毅然とした態度を示しているが、合理的な規制の知恵を考えている。

CRA collects $100 million from cryptocurrency audits while criminal cases are delayed. source: https://www.cryptopolitan.com/cra-pulls-in-100m-from-crypto-audits/

SHIB fans often joke about catching the next moonshot before breakfast, but here is a question worth asking. source: https://coindoo.com/moonbull-drives-the-next-1000x-crypto-presale-frenzy-while-shib-and-floki-power-up-their-ecosystems/

Treasury Secretary Scott Bessent stated that the U. S. economy is strong and holiday spending has been robust. source: https://www.cryptopolitan.com/bessent-says-u-s-economy-is-strong/

米国経済は悪循環の負債インフレに陥っており、2025年の数字がすでに警鐘を鳴らしている。2026年を展望すると、米国経済は「債務、インフレ、成長のトリレンマ」に直面している。

According to PANews, Japanese publicly traded company Metaplanet has not increased its Bitcoin holdings since September 30. The company's Bitcoin reserves remain at 30,823 units.

On December 5, two Bitcoin Casascius coins moved a total of 2,000. 0027811 BTC after being dormant since 2011–2012. source: https://www.cryptopolitan.com/two-bitcoin-casascius-move-13-2-years/

Seven major Chinese financial industry associations jointly issued a risk warning, marking the most comprehensive crypto crackdown since the 2021 ban that drove all crypto exchanges out of the country. The associations cover banking, securities, funds, futures, payment clearing, listed companies, and internet finance. They stated that all crypto-related business activities, including stablecoins, airdrops, mining, and, notably, real-world asset (RWA) tokenization, are illegal in China. RWA Tokenization Enters Regulatory Crosshairs The statement, which was issued on Dec 5, explicitly noted that Chinese financial regulators have “not approved any real-world asset tokenization activities,” marking the first official prohibition of RWA in the country source: https://beincrypto.com/china-escalates-anti-crypto-crackdown/

ゴールデンファイナンスは、暗号通貨とブロックチェーン業界の朝のニュースレター「ゴールデンモーニング8号2902」を創刊し、最新かつ最速のデジタル通貨とブロックチェーン業界のニュースをお届けします。

今後注目されるのは、プライバシーを重視し、決済に特化したブロックチェーンがどのように進化していくかだ。

JPモルガンのアナリストチーム（シニアストラテジスト、ニコラオス・パニギルツォグルー率いる）は12月4日、リサーチノートを発表した。

プロジェクト,エージェント,暗号エージェントは、次の大きなトレンドである ゴールデンファイナンス,AgentFiは、自動的にリターンを最適化し、取引戦略を簡素化します。

2025年11月，MS发布了「フィンテックによる金融包摂：デジタル決済からプラットフォーム投資まで」一文。

外国為替市場は、私が思っていたような「為替市場」ではまったくない。 より正確には、1日の取引高7兆5千億ドルの大半はまったく「交換」されていない。それは、ドルの貸し借りをめぐる広大で目に見えない世界的なネットワークなのだ。

金融は西欧では社会動員の手段であり、「国家と社会」の二項対立、あるいは拮抗関係においてのみ驚異的な効果を発揮するが、同質的な東洋の大国では、社会動員は水力工学と統治能力に依存する。

中国本土の政府と業界団体は、2週連続で金曜日に仮想通貨を厳しく取り締まり、特にステーブルコインとRWAの特徴を明らかにし、業界を震撼させた。何が禁止され、何が取り残され、この扉を閉めればまた新たな窓が開かれるのだろうか。