glassnode 在 X 平台发文表示，随着比特币价格重回 9 万美元上方，永续合约未平仓合约量从 30.4 万枚比特币增至 31 万枚比特币（约 2%），同时资金费率也从 0.04% 升至 0.09%。这一组合表明杠杆多头仓位正在重新积累，永续合约交易者正为潜在的年终行情波动布局。

布鲁金斯学会（Brookings Institution）高级经济学家、前高盛集团首席外汇策略师 Robin Brooks 表示，黄金创下历史新高，证明所谓的“货币贬值交易”已重新启动。2025 年以来，国际现货黄金回报率已达 68%；受诸多相同推动因素影响，国际现货白银周一也创下历史新高，年内涨幅现已接近 140%。Robin Brooks 指出黄金及更广泛贵金属的突破，是由美联储主席鲍威尔 8 月 22 日在杰克逊霍尔会议上的鸽派讲话以及 12 月 10 日 25 个基点的降息所引发的。大宗商品交易员还在预期美联储将进一步降息。美元表面上看起来相对稳定，不受“货币贬值交易”影响，但事实是其兑极度脆弱的日元的走强掩盖了其兑一篮子货币的广泛弱势。（金十）

According to Odaily, Strategy's founder and executive chairman, Michael Saylor, has announced an increase in the company's USD Reserve by $748 million, bringing the total to $2.19 billion. The firm now holds 671,268 bitcoins.

According to Cointelegraph, a recent governance vote at the decentralized finance (DeFi) lending protocol Aave has ignited controversy among key stakeholders. The proposal in question seeks to determine whether Aave (AAVE) token holders should regain control over the protocol’s brand assets, which include domains, social media handles, naming rights, and other intellectual property through a DAO-controlled legal vehicle. Aave founder Stani Kulechov announced that the proposal had been moved to a vote, citing community interest in making a decision. However, some community members argue that the proposal was pushed to a vote prematurely, bypassing established governance norms. Former Aave Labs chief technology officer Ernesto Boado, identified as the proposal’s author, expressed his disapproval, stating that the vote was escalated without his consent or knowledge. Boado emphasized that the escalation violated the community's trust, as he would not have approved the submission for a vote while discussions were still ongoing. Marc Zeller, leader of the Aave Chan Initiative (ACI), echoed these concerns, stating that the proposal was "unilaterally escalated" despite unresolved questions from delegates and token holders. Zeller criticized the timing and process, noting that it limited community participation and the ability of late-informed participants to mobilize or redelegate. Zeller further described the situation as a "hostile takeover attempt by Labs," highlighting that the decision to push the vote during a holiday period was flagged by large stakeholders, investors, and institutions as one of the "worst windows" for high-stakes governance votes. In response to the criticisms, Kulechov defended the decision, stating that the discussion had been ongoing for five days with numerous comments, and claimed that the vote complied with all requirements. He argued that moving to a vote was the best way to resolve the issue, emphasizing that governance is ultimately about decision-making. The dispute has brought to light deeper governance questions for Aave, one of the largest DeFi protocols in the space. While the proposal focuses on "soft" asset ownership, the backlash underscores the significant influence that can arise from control over escalation, timing, and information flow. This situation highlights the complexities and challenges inherent in decentralized governance, where the balance between community input and decision-making processes remains a delicate issue.

行情显示，现货黄金日内大涨 2.00%，现报 4425.71 美元/盎司。(金十)

According to a new disclosure shared by Michael Saylor, Strategy increased its USD reserve by $748 million, bringing total cash […] The post Michael Saylor’s Strategy Builds $2. source: https://coindoo.com/michael-saylors-strategy-builds-2-19-billion-cash-reserve-as-bitcoin-trades-above-90000/

Michael Saylor’s Strategy has disclosed a major balance-sheet update, revealing a sharp increase in both its dollar reserves and Bitcoin holdings. A newly filed Form 8-K dated December 22, 2025 shows the company boosted its U. S. dollar reserves by $748 million, lifting total cash and cash equivalents to $2 source: https://www.ethnews.com/strategy-expands-reserves-as-bitcoin-holdings-to-above-671260-btc/

الرؤى الرئيسية: في أخبار سوق العملات الرقمية اليوم، سجلت صناديق العملات الرقمية أول أسبوع من التدفقات السلبية خلال أربعة أسابيع. ويشير ذلك إلى توقعات المستثمرين المؤسسيين بشأن البيتكوين والإيثريوم وسط حالة من عدم اليقين والتقلبات. تشهد أفضل العملات الرقمية المشفرة مثل البيتكوين (BTC) والإيثريوم (ETH) وريبل (XRP) وسولانا (SOL) ارتفاعًا اليوم source: https://www.thecoinrepublic.com/ar/2025/12/22/%d8%b5%d9%86%d8%a7%d8%af%d9%8a%d9%82-%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d8%b9%d9%8f%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%b1%d9%82%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%84%d9%85%d9%8a%d8%a9/

PicWe 在 X 平台发文表示，随着吉尔吉斯斯坦国家稳定币 KGST 上线币安与 BNB Chain，PicWe 将全链支持 KGST 与吉尔吉斯斯坦国家水电站 IHP RWA 代币交易。据悉，KGST 是一种与吉尔吉斯斯坦索姆（KGS）1:1 挂钩的稳定币。PicWe.org 是由 Copariot Labs 打造的全链 IRO 平台，吉尔吉斯斯坦 Isfayram 一期小型水电站通过 PicWe 平台完成百万美元融资并发行 RWA 代币 IHP，市值一度突破千万美元。

WhiteBIT, one of Europe’s largest cryptocurrency exchanges by trading volume and traffic, has launched a new global promotion in collaboration with TradingView and Tether, the largest company in the digital asset industry.   The exchange, which processes close to $1 billion daily per day, is offering traders the opportunity to receive up to 30% cashback on […] source: https://www.cryptopolitan.com/whitebit-runs-30-traders-cashback-in-global-promotion-with-tradingview-tether/

Web3.0商业模式落地不及预期：Web3.0相关基础设施和项目处于发展初期，存在商业模式落地不及预期的风险。

这是一次市场结构的根本性转变，而大多数人还在用旧周期的逻辑看新时代。

今日晚间推荐阅读：1.回望2025：年内加密攻击大盘点 附朝鲜黑客年内“光辉战绩”；2.Coinbase：2026年加密市场展望；3.比特币2026年展望：从数据指标到三大情景预判；

美国商品期货交易委员会（CFTC）的声明不会让芝加哥商品交易所（CME）明天就变成一家成熟的现货加密货币交易所。

香港保险监管机构计划允许保险公司持有加密货币和稳定币，但有严格的资本规定。该提案还为投资当地基础设施项目的保险公司提供了激励措施。

马绍尔群岛已经开始测试一种基于加密货币的全民收入系统，通过一种建立在恒星区块链上的可产生收益的数字代币向公民发放款项。

当我们试图用文明的商业逻辑去解释埃塞俄比亚的铁幕与肯尼亚的深渊时，往往忽略了地表之下更深层、更令人不安的世界。

回顾 2025 年实际走势，价格点位预测普遍高估了上涨强度与持续性，而监管与产业结构相关的判断相对更容易兑现。

比特币开发者对量子计算日益逼近的风险表现出的异常冷漠。

从量子防御到内核重构，按影响力排序的十大技术变局。