New on-chain data suggests Bitcoin miners are under pressure heading into year-end. source: https://ambcrypto.com/bitcoin-miners-face-growing-stress-as-reserves-drop-and-difficulty-remains-near-record-highs/

According to recent interviews, billionaire investor Ray Dalio has sharpened his caution about Bitcoin’s fit for official reserves while still recognizing its scarce nature. Related Reading: Before You Sell Bitcoin For Gold, Hear This Warning He said that Bitcoin carries money-like qualities because of its limited supply, but he drew a firm line over who should hold it on a balance sheet. Dalio said public transaction records and the risk of outside interference make it hard for reserve managers to treat Bitcoin the same way they treat gold. Dalio Flags Traceability Concerns Dalio warned that the open ledger that underpins Bitcoin creates vulnerabilities for large custodians source: https://www.newsbtc.com/news/bitcoin/bitcoin-may-stay-outside-central-bank-vaults-billionaire-says/

SOL's current market distress level was close to rivaling FTX-implosion era source: https://ambcrypto.com/upexi-seeks-1b-raise-to-scale-solana-dat-strategy-details/

Germany’s trade deficit with China is heading toward a record in 2025 as demand for German products keeps shrinking. Analysts tracking trade flows say the gap is widening fast and shows no sign of easing soon. If the trend holds, it could fuel protectionist pressure inside Europe’s largest economy at a time when political patience […] source: https://www.cryptopolitan.com/chinas-rising-exports-germany-widen-deficit/

稳定币发行商 Circle 在 X 平台发布数据，欧元稳定币 EURC 流通量现已超 3 亿枚，市场对符合 MiCA 标准、完全储备且可在全球使用的欧元稳定币需求日益增长。

The Council of the European Union has formally backed the European Central Bank’s proposal to impose caps on individual holdings of a future digital euro, marking a key step forward in shaping the legal framework for the central bank digital currency. source: https://www.ethnews.com/eu-backs-digital-euro-holding-caps-to-protect-banking-stability/

Cardano just drew 69% of Binance's top traders to the long side as "new ADA" Midnight ripped to a $1. 25 billion valuation, turning the network's quiet December into its loudest comeback signal in months. source: https://u.today/69-of-all-binance-top-traders-are-long-cardano-amid-125-billion-success-of-new-ada

Bybit introduces a new $8M insurance fund system to reduce liquidations and ADL risk by over 200% across USDT perpetual contracts. source: https://coincu.com/news/bybit-launches-8m-fund/

美股上市 Solana 加密财库（DAT）公司 Upexi 向美国证券交易委员会（SEC）Form S-3 拟申请 10 亿美元储架注册，以通过多种证券发行方式筹集资金。 Upexi 表示，此次调整将通过更灵活的时间和定价机制，提高公司筹资效率，并降低整体交易成本，从而支持其 Solana 资产管理战略，目前该公司持有约 200 万枚 SOL 代币，为上市公司中第四大 SOL 资产持有者。潜在所得资金可用于多种用途，包括营运资金、研发以及偿还债务，注册声明一旦生效，公司将根据管理层的判断，在有利于每股 Solana 调整价值的情况下使用该机制。（CoinDesk）

null source: https://x.com/reutersbiz/status/2003507265970819435

一名韩国男子因通过加密货币洗钱而试图获得从轻处罚，结果却适得其反，上诉法院推翻了对他的缓刑判决，将他送进监狱服刑四年。

特朗普媒体与技术集团又购买了 451 枚比特币，使其持有的比特币总数达到 11,542 枚，价值超过 10 亿美元。该公司将比特币作为长期储备，并正在向加密货币投资和相关金融服务领域拓展。

世界自由金融公司（World Liberty Financial）将他的钱包列入黑名单，冻结了他的 WLFI 代币，导致他损失了大约 6000 万美元。这次冻结使他无法访问或交易他持有的代币，而代币价格自 9 月份以来已经下跌了 40% 以上。

Web 3.0,支付,从开始到放弃 我为什么不做Web3支付了 金色财经,拿掉滤镜，看清支付的真实底色。

贝莱德、摩根大通、Visa、万事达等传统巨头们在2025年有哪些加密动作？

随着日本严格的监管框架不断将未注册的全球加密货币交易所挤出市场，Bybit 将从 2026 年开始逐步停止为日本居民提供服务。

强化学习 × Web3 的真正机会不在于复制一个去中心化版 OpenAI，而在于重写「智能生产关系」

特朗普政府上任一年来，美国加密货币政策发生根本性转向，核心目标是将加密货币行业纳入现有金融监管体系，使其与传统金融业以相同方式规范运作。

腾讯通过使用日本和澳大利亚的数据中心，而不是将硬件引入中国，获得了英伟达被禁的 Blackwell AI 芯片。这样的安排让腾讯可以继续训练先进的人工智能模型，同时不受美国出口规定的限制。

金融时报》称，即使 Binance 同意根据其具有里程碑意义的 43 亿美元美国刑事和解协议加强控制，它仍继续允许可疑的加密货币交易在其平台上流动。