Trump family-supported World Liberty Financial (WLFI) proposes to allocate 5% of the national treasury funds (about $120 million) to promote its own stablecoin USD1 in response to fierce market competition. However, community voting results are divided, with opposition voices prevailing. WLFI hopes to attract liquidity through subsidy strategies, but concerns about its long-term effectiveness and regulatory risks still exist. This proposal will test its political influence and trustworthiness.

OpenAI is reportedly planning to raise funds at a valuation of $750 billion, with Amazon potentially investing over $10 billion to deepen collaboration on Trainium chips.
(Background: The third anniversary of ChatGPT: The end of the large model war, where is the true moat?)
(Additional context: ChatGPT launches group chat: up to 20 people can chat simultaneously, Taiwan gets early access (two-step activation))
According to The Information, OpenAI is in talks with Amazon for a new round of hundreds of millions of dollars in funding, with a valuation reaching $750 billion (about NT$24 trillion). If the deal is finalized, this company will remain one of the highest-valued private companies globally.
Valuation jumps three levels
Just two months ago, OpenAI was valued at $5,000

Hyperliquid launches a combined margin mechanism, a major upgrade in the on-chain derivatives market. This mechanism has previously brought an incremental scale of over 7 trillion USD to traditional finance. Now transplanted on-chain, it could become a turning point for attracting institutional funds and improving capital efficiency. This article is based on an article by Jaleel and Liu.
(Previous context: From on-chain pricing of unlisted giants: Hyperliquid opens a new battlefield for Pre-IPO contracts)
(Additional background: Hyperliquid faced a "suicide attack" causing the vault to evaporate 5 million MGB, and a bigger disaster may be quietly approaching?)
Table of Contents
Hyperliquid's Portfolio

The probability of the Bank of Japan raising interest rates to 0.75% reaches 95%, potentially hitting the highest level in 30 years due to inflation and rising wages pressures. Bitcoin briefly surged past $90,000 before falling back, and the overall Crypto market generally declined. Investors should pay attention to future interest rate trends.

Despite the uncertainty, Pump remains one of the most resilient consumer applications in this cycle. This article is based on a piece by Simon, compiled, translated, and written by Deep潮 TechFlow.
(Background: The most profitable applications in the crypto world are starting to slack off, is there still hope for Pump.fun?)
(Additional context: Pump.fun's $170 million buyback and "chaos mode" still struggle to dominate the entire Meme market)
The following content is excerpted from Delphi's upcoming "2026 Application Outlook Report," focusing on Pump (.) fun — one of the consumer applications we are most interested in next year.
Since we released the initial Pump report (before its funding), many things have changed. Many of the dynamics we predicted have been validated, but some areas have not yet reached

Bitcoin experienced a "pump and dump" pattern late at night on December 17: First around 22:45, Bitcoin started a rapid rally, briefly breaking through $90,000; however, selling pressure soon emerged, causing Bitcoin to give back its gains and even fall below $87,000. Ethereum's movement was similar, initially breaking through $3,000, then quickly retreating, currently reported at $2,850.
(Background: Is the selling pressure on Bitcoin about to end? K33: Long-term holders are exiting, and institutional demand in 2026 may present a turning point)
(Additional context: Bloomberg analyst: Bitcoin's bullish momentum will "drop to $10,000," community mockery: "Always wrong prophets")

Crypto research and brokerage firm K33 Research pointed out that after two years of large-scale selling, Bitcoin long-term holders (LTH) are approaching a saturation point of selling pressure. As early investors' profit-taking pressure gradually diminishes, on-chain selling pressure is expected to ease significantly, potentially bringing a market turnaround.
(Background: Glassnode: Bitcoin weak volatility, is a major wave coming?)
(Additional context: 2025 Bitcoin forecast collective crash, why are institutions all wrong?)
Crypto research and brokerage firm K33 Research released a new report on December 16, stating that Bitcoin long-term holders (LTH) have nearly exhausted their selling pressure after two years of large-scale selling. As early investors' profit-taking pressure gradually diminishes, on-chain sell

Asset tokenization platform Securitize announces that it will launch a product called "Stocks on Securitize" in the first quarter of 2026. The company claims this is the world's first fully compliant, fully on-chain trading platform for real listed company stocks, aiming to bring traditional financial markets closer to Web3 infrastructure, allowing investors to directly own and trade shares of truly public listed companies via blockchain.
(Background: What are the future and risks of financial asset tokenization? An in-depth analysis of RWA in a 73-page report by global securities regulators)
(Additional background: Huili Securities partners with Securitize Japan to issue tokenized securities! Allowing retail investors to participate in Sony's film "The Island")
Asset tokenization platform Securitize announced today (17) via the X platform that it will launch in 20

Bitcoin mining company Hut 8 Corp. (HUT) announced today (17th) that it has signed a 15-year lease agreement valued at $7 billion with AI cloud platform Fluidstack, leasing 245 MW of IT computing capacity at the River Bend data center campus in Louisiana.
(Background: Breaking News » Bitcoin miner Hut 8 collaborates with Trump's son to establish a new mining company "American Bitcoin")
(Additional context: AI is killing miners: "Energy squeeze" opens a new cycle, what kind of fate do mining companies stand at the crossroads of?)
Table of Contents
Agreement details
What is Fluidstack?
Hut 8 stock price surges

Ethereum founder Vitalik Buterin expressed a different view regarding the AI data center suspension order proposed by U.S. Senator Bernie Sanders: Instead of simply banning the construction of new large-scale facilities, a global "pause button" mechanism should be established. This would allow for a rapid reduction of 90-99% of hashrate at critical moments, giving humanity valuable preparation time and promoting a more decentralized AI development.
(Background summary: Vitalik responded to the "Prysm client" vulnerability incident: Ethereum occasionally losing finality is okay! Just don't finalize errors.)
(Additional background: Vitalik: The market should adopt a "distributed oracle" + multiple decision mechanisms to prevent malicious manipulation.)
U.S. Senator Bernie Sanders, an independent member of the Senate, on the 17th

The Solana ecosystem's prediction market project Space officially launches its native token $SPACE for public sale.
(Background: A quick overview of Solana Breakpoint 2025 Hackathon's 33 award-winning projects)
(Additional context: The first Bitcoin municipal reserve in the US is born! Rosedale, New Mexico's "UFO Capital," leads the way with a public BTC donation address)
Table of Contents
Core Features of Space
Funding Background
$SPACE Public Sale Details
Fair Price Discovery Mechanism
Tiers and Benefits
Token Economics and Flywheel Mechanism
Future Plans
How to Participate
_(This article is a sponsored piece, written and provided by Space. It does not represent the stance of Dongqu Li, nor is it investment, purchase, or sale advice. See the end of the article for more details.)

On December 15, Bitcoin dropped from $90,000 to $85,616, a single-day decline of over 5%. There was no major crash event, but gold hardly moved on the same day. The answer might need to be sought in Tokyo, as yen arbitrage position unwinding is changing Bitcoin's pricing logic.
(Background: Yen bottom signal? Morgan Stanley warns: The Japanese yen will appreciate by 10% in early 2026, and US Treasury yields have stabilized and declined)
(Additional context: Japanese bond yields soared to 1.86%, a 17-year high, "causing Bitcoin to crash," revealing the danger of 600 trillion yen in arbitrage unwinding)
Table of Contents
The Butterfly Effect in Tokyo
Is Bitcoin Still Digital Gold?
What Will Happen on December 19?
Accepted by People, Influenced by People
The answer might need to be sought in Tokyo. On December 15, Bitcoin dropped from 90,0

The King of Bhutan announces the use of 10,000 Bitcoins to establish the "Gleup Mindfulness City," using digital assets to combat talent outflow and reshape the economy
(Background summary: Sovereign endorsement! Bhutan partners with Solana to launch the gold token "TER," officially launched on 12/17 National Day)
(Additional background: Bhutan will migrate 800,000 citizens' "national digital identities" to Ethereum, Vitalik: Let the people confidently have control over their data)
Table of Contents
Bitcoin emerges from hydro power
GMC: The firewall of special economic zones
Capital operations on a tightrope
Insights for emerging markets
U.S. President Trump’s return to the White House has driven deregulation, boosting the cryptocurrency market sentiment. On the National Day of the 17th, Bhutan’s King Jigme Khesar Namgyel Wangchuck announced that 10,000 Bitcoins (approximately ) will be allocated from the national reserves.