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The Federal Reserve meeting minutes show that policymakers have a balanced view on interest rate cuts, reflecting internal discussion space on monetary policy. This subtle change could influence capital flows and sentiment in the crypto market, and traders should pay attention to actual policy actions.

Zama mainnet officially launched, marking the practical application of privacy computing technology. The privacy stablecoin cUSDT based on the Zama network completed its first cross-chain transfer on Ethereum, demonstrating new possibilities for privacy financial applications. Fully homomorphic encryption technology is also gradually entering the stage of actual transactions.

HTX Huobi launched the LIT/USDT perpetual contract on December 30th, supporting up to 20x leverage. At the same time, a one-week contract trading party was launched, with a prize pool of $10,000. Participants need to reach a total trading volume of 10,000 USDT. New users can also enjoy exclusive platform benefits.

【Crypto World】An interesting perspective: Harvard University's admissions system looks like Bitcoin—rules are clear and the total supply is fixed—but its underlying operational logic is actually more similar to Ethereum governance.
It sounds a bit convoluted, but think about it—Harvard packages its admission quotas tightly, as if they are rules engraved in stone. But in reality? There is a lot of room for human adjustment, with various social consensus and layered policies constantly at play, which is somewhat like how the Ethereum community adjusts protocols through governance.
What’s most ironic? Harvard desperately claims "we just follow the quotas," using this number as a shield, but in fact, it’s hiding a truth—the entire admissions decision process is fully programmable and entirely mutable. The real issue isn’t the total number limit itself, but who holds the decision-making power behind these limits, and whether that power is accountable.
This kind of "excuse mechanism" to evade transparency is actually rare in Web3. Or

Unleash Protocol experienced a major security incident, where an external address gained management rights through a multi-signature governance mechanism, leading to unauthorized smart contract upgrades, resulting in large-scale withdrawals and transfers of assets such as WIP and USDC. Unleash has suspended all operations and acknowledged that the issue stems from its own governance and permission design.

【Crypto World】Recently, there has been an interesting phenomenon—Binance's presence in Bitcoin futures is becoming increasingly prominent. According to data, Binance has now become the largest trading platform for Bitcoin futures, with a position volume of 125,000 BTC, equivalent to approximately $11.2 billion.
In comparison, the traditional financial veteran CME (Chicago Mercantile Exchange) is not having such a good time. Their BTC holdings have fallen to 123,000 BTC, hitting a new low since February 2024. This change is quite intriguing—from a certain perspective, it reflects that the focus of the crypto market is gradually shifting towards leading exchanges, and Binance's advantages in market liquidity and trading depth are quite evident.
Of course, this may also indicate that traditional financial institutions are adjusting their participation in BTC futures. Market structure changes always come with opportunities and risks, so it’s still necessary to keep an eye on these data changes.

The latest data shows that on December 30th, both Bitcoin and Ethereum spot ETFs experienced net outflows of funds. Bitcoin saw a net outflow of $19.3 million, and Ethereum saw a net outflow of $9.6 million, reflecting selling pressure from institutional investors on these two major cryptocurrencies.

Recently, Bitcoin (BTC) has shown a clear bearish trend, with prices dropping significantly, trading volume decreasing, and the market remaining quiet. Technical indicators show the MACD forming a death cross, indicating that the bears are gaining momentum. It is recommended to monitor the key support level at 86417.0 and resistance level at 89248.0, and develop corresponding trading strategies.

【BlockBeats】The OTC trading circle has recently been discussing a question—will the New Year market rally start early? Wintermute's Head of Trading Jake O has given an answer: probably not.
His logic is very clear. Most institutional trading departments are in a wait-and-see mode this week, and the real shift will happen after January 1st. At that time, traders will re-enter the market with a "reset" mindset, and the market's attention will shift from the inertia of year-end actions to a series of upcoming events.
How important are these events? Just look at the schedule at the start of the year. The Federal Reserve Chair nominee will be announced soon, and the Supreme Court will also make a statement on tariffs. On the domestic policy front, the "Clarity Act" bill is entering the revision and review stage, and the supplementary leverage ratio (SLR) regulatory requirements will also be updated. There are also many crypto-related topics—MSCI will decide on the 15th whether to include crypto-related stocks in the index.

【Crypto World】 The US spot market has recently shown weak demand, with the premium of a leading compliant exchange even turning negative, indicating that buying pressure cannot effectively absorb selling pressure. In this situation, the derivatives market has become the main driver of short-term price fluctuations. Large traders have recently taken significant actions, heavily betting on leveraged short positions: Bitcoin added $119 million, Ethereum added $106 million, and Solana directly投入 $43 million. These transactions are all sizable, reflecting the market participants' strong pessimism about the future outlook.

Well-known crypto investment firm Trend Research recently increased its holdings by 11,520 ETH, indicating a bullish outlook on Ethereum. They expect a bull market to emerge by 2026 and have analyzed the impact of market structure and favorable policies, continuing to hold significant positions in ETH and other cryptocurrencies to prepare for future market changes.