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Citigroup economists warn that the decline in unemployment claims during the holiday period may be affected by seasonal adjustments, and the actual signal will need to be confirmed by January data. Despite low layoffs, non-farm payrolls are expected to increase by 75,000 in December, with the unemployment rate rising to 4.7%. Market signals continue to be released, and attention should be paid to subsequent data.

【Blockchain Rhythms】On-chain data monitoring shows that on December 31st, a professional short seller increased their short position on LIT again within the past 2 hours. After the LIT price broke below their average holding price, this trader took the opportunity to add over 750,000 LIT (equivalent to approximately $2.07 million), bringing their total LIT holdings to $2.73 million, and they are still increasing their position.
This trader's actions on the Hyperliquid derivatives trading platform are particularly noteworthy. Data indicates that they are simultaneously the largest short holder in both UNI and ASTER. During December, this trader managed 22 short positions at the same time. After closing nearly half of these positions mid-month, they have recently established several new short positions. Currently, their total holdings amount to approximately $28.4 million.
In terms of trading style, this trader focuses on capturing volatility opportunities in altcoins.

【Blockchain Rhythm】 Bitcoin's price faces two major critical resistance points. According to trading data, if Bitcoin surges to the $90,000 mark, a wave of short liquidations on mainstream CEXs will be unleashed, with total liquidations reaching as high as $709 million. Conversely, if it drops below $87,000, long position bottom-fishers will face collective liquidations, with even more intense pressure—liquidations amounting to $823 million.
Why are these two price points so crucial? The underlying logic lies in the working principle of the liquidation heatmap. Many people misunderstand the liquidation bars as showing "how many contracts will be liquidated," but that's not correct. They actually reflect—once a certain price level is triggered, how strong the "liquidity shock" will be. The higher the liquidation bar, the more intense the chain reaction at that price level.
In other words, the liquidation chart is telling traders: when the price reaches a certain level, how much disturbance the market will experience. Tall liquidation bars indicate that the price

On-chain data shows that the TRUMP address has been frequently trading recently, transferring 94 million USDC to exchanges, with funds originating from unilateral liquidity sales of TRUMP tokens. The main cash-out methods for TRUMP and MELANIA tokens are similar, indicating that large holders intend to quickly convert to USD stablecoins.

A real estate investor plans to establish the world's largest corporate Bitcoin vault by 2026, funded by rental income rather than borrowing. He leverages rental income and tax depreciation to continuously accumulate Bitcoin, currently holding $300 million worth of Bitcoin and planning to continue investing. This model combines the advantages of traditional assets and crypto assets, demonstrating an innovative investment approach.

According to Solid Intel data, the large holder SharpLink owns approximately 863,020 ETH, accounting for 0.7% of the total Ethereum supply. By staking, they earn about 500 ETH in rewards weekly, demonstrating confidence in the long-term value of Ethereum and reflecting the market's underlying attitude.

Grayscale Capital has submitted an S-1 filing to the U.S. SEC, planning to launch a spot ETF tracking BitTensor (TAO). This marks an expansion in the cryptocurrency asset ETF market, reflecting market interest in AI computing networks, while also providing traditional investors with a convenient crypto asset allocation option.

Cypherpunk Technologies Inc. announces the purchase of 56,418.09 ZEC for $29 million, bringing the total holdings to 290,062.67 ZEC, accounting for 1.76% of the circulating supply. The CEO stated plans to increase this to 5%. This move indicates growing interest from traditional capital in privacy coins.

A female investor from Macau was lured by online users to invest in virtual currencies and was ultimately scammed out of 1.18 million yuan. The platform spread false profits and demanded payment of a "exchange rate difference fee," then disappeared without a trace. This case serves as a warning to investors to be cautious of high-yield promises from unknown sources.

The last quarter of 2025, although the overall crypto market experienced adjustments, privacy-related assets such as Zcash rose against the trend, indicating a continued market demand for privacy features. Future focus may be on legislation in the crypto market and the impact of quantum computing on blockchain.

Recently, a WCT token worth $420,000 was transferred from an exchange to an institutional wallet and then to a team-controlled address, indicating a change in institutional holding strategies. Such transfers are worth monitoring.

【Chain Wen】2025 may not become the golden age anticipated by the crypto industry, but it is very likely to be a necessary transitional phase for the entire industry.
Honestly, Meme coins, NFTs, and projects with low circulation and high FDV are already outdated. Consumer-driven narratives are also gradually losing effectiveness. The market is trimming down, which is a good thing.
Where are the real opportunities? Just look at 2026. Token supply will significantly shrink, and market attention will focus on mainstream assets like BTC and ETH. More importantly, institutional funds will accelerate into DeFi blue-chip projects that can effectively capture value—especially those protocols that stick to buybacks and good financial management. This buying pressure is likely to exceed everyone's expectations.
The future direction of the industry is actually quite clear: stablecoins, real-world assets (RWA), lending and capital market infrastructure, and asset management tools. These four areas are the focus. Solving the issue of

A leading institutional holder purchased 44,463 ETH in just 7 days, spending approximately $130 million. The total ETH position reached 4.41 million, with a book value exceeding $12 billion. Their continuous accumulation reflects market expectations, possibly optimistic about the medium-term trend or preparing chips for the next market cycle.

Recently, several small-cap cryptocurrencies have shown active performance. Midnight (NIGHT) is around $0.091, with a breakout above $0.100 potentially pushing it to $0.120; Rain (RAIN) has already surpassed $0.0079 and is aiming to hit the all-time high of $0.0086; Impossible Cloud Network Token (ICNT) has surged 38% to approach $0.500, and a breakthrough above $0.525 could see it rise to $0.601. The year-end market presents opportunities for small-cap tokens.

Intel sells 214.8 million shares to Nvidia, totaling $5 billion in a deal based on an agreement signed last year. Although Nvidia did not place a direct order to manufacture chips, both parties will jointly develop computer and data center chips. This deal could reshape the chip industry landscape, affecting Nvidia's contract manufacturing partners and competitors.

Silver prices reached a historic high at the end of December, fueling a surge in tokenized silver products, with SLV trading volume skyrocketing by 1200% and account holdings increasing by 300%. In 2024, silver prices have nearly tripled, attracting capital attention, and tokenized assets effectively connect traditional commodities with the Web3 market.