ME News, on December 7 (UTC+8), the U.S. Securities and Exchange Commission (SEC) will hold a roundtable on cryptocurrencies, financial surveillance, and privacy on December 15. Zcash founder and privacy advocate Zooko Wilcox and others will participate. Analysts believe the SEC may use this meeting to assess how much regulatory weight it can give to crypto privacy projects during its rulemaking process. If a consensus is reached that zero-knowledge proofs can meet compliance obligations, such flexibility could be incorporated into broker-dealer, alternative trading system, and custody rules for digital assets. However, if the meeting splits into two camps—“privacy is a right” and “privacy enables crime”—the existing surveillance-focused framework may remain in use, potentially pushing privacy advocates toward legal challenges. (Source: ME)

The article discusses the changes brought by multiple Ethereum upgrades, especially how the Fusaka upgrade improves data availability and supports the scaling of Rollups. Celestia’s modular blockchain concept competes with Ethereum; however, thanks to its improvements, Ethereum has successfully attracted the majority of Rollups. The upgrades have significantly reduced transaction costs and increased network capacity, demonstrating Ethereum’s potential to move toward a “Rollup-centric” future.

The article discusses the structural issues in the crypto industry, pointing out that its incentive mechanisms lead to value destruction and the gamblification of the market. The author explores the evolution of ideology, incentive corruption, cognitive distortion, gamblification, and post hoc rationalization, arguing that when tokens become the main business model, the casino-like phenomenon is inevitable, reflecting inherent problems in the incentive structure.

Web3 project MiniDoge exhibited NFT works at Art Basel Miami Beach, exploring the integration of Web3 and contemporary art. The event attracted 283 top galleries and over 80,000 art collectors and industry leaders, becoming an important platform for cross-industry exchange.

Vitalik called on social media for the establishment of a "trustless on-chain gas futures market" to address users' uncertainty about future transaction fees. He believes that although current on-chain fees are relatively low, they may still increase in the future. Creating such a tool could provide the market with clear price expectations and help users lock in their transaction fee expenditures.

OpenAI and Anthropic are accelerating preparations for IPOs, with Anthropic having hired a law firm to prepare for an IPO launch next year, and its valuation is expected to exceed $300 billion. Analysts point out that the AI industry is still in the early stages of growth and may drive related market trends in the future. Investors can participate in the U.S. and Hong Kong AI industry chain layout through BiyaPay.

On December 5, the total net outflow from Ethereum spot ETFs was $75.2065 million. The BlackRock ETF ETHA accounted for the largest outflow. The historical total net inflow reached $13.091 billion, and the current total net asset value is $18.936 billion.

Bitcoin has been fluctuating recently, with whales increasing their holdings in multiple sectors such as payments, DeFi, and AI. Notably, XRP and ADA have performed exceptionally well. However, whale accumulation does not necessarily indicate an upward trend, as there is still uncertainty in the market. It is important to invest cautiously and manage risks.

On December 19th, decisions from the Bank of Japan and the Federal Reserve on interest rate cuts will be announced one after another. The overlap of these two major events will make global capital "take sides" again. For us, rather than getting caught up in short-term fluctuations, it's better to focus on the core logic of assets: be cautious with high-valuation assets that rely on low-cost capital, while assets with solid fundamentals and low valuations may find opportunities amid this major capital shift.
Author: Xiuhu
Source: MarsBit
The global financial market in December has been pushed to the forefront by three "major monetary policy events." Apart from the Federal Reserve's highly anticipated rate cut (markets are betting on a 25 basis point cut in December), and the Bank of Japan's "hawkish tone" (BofA warns of a December rate hike to 0.75%, the highest since 1995), there's another key change that many have overlooked: starting from December 1st, the Federal Reserve has officially stopped quantitative tightening.

The Italian market regulator has set a strict deadline for crypto asset regulation (MiCA), requiring virtual asset service providers to apply for authorization or exit the market by December 30, 2025, while also reminding investors to check the compliance status of service providers. Those who do not apply must cease activities and return client assets.

FINRA research shows that between 2021 and 2024, the proportion of U.S. cryptocurrency investors remained stable, but the number of those considering increasing their holdings or investing for the first time has decreased. The proportion of high-risk takers has declined, while the influx of new investors has slowed, indicating a more cautious overall investment attitude.

The new self-custodial smart account is designed to address the security issues of seed phrases, introducing card-based spending and reducing users' fear of losing access to their crypto assets. This programmable account enables users to securely manage digital assets, becoming a new type of decentralized bank that offers a streamlined user experience and lending features.

SpaceX is in talks to sell internal shares, which, if successful, would raise its valuation to $800 billion, making it the world's most valuable startup. The company plans to go public with an initial public offering (IPO) in the second half of next year.

Maji went long on ETH with $500,000, and after making an early profit of $3.34 million, the position was liquidated twice as ETH pulled back to $3,000. The current value is only $730,000, with nearly all profits wiped out, and just $42 away from the liquidation price.