The Federal Reserve purchases $40 billion in US Treasuries every month, and the market is calling for a return of quantitative easing (QE). However, Powell's move is not to stimulate the economy, but to prevent issues in the financial system's operation. This is the Reserve Management Purchase Program (RMP), which differs fundamentally from traditional QE in terms of mechanism, purpose, and effect. Although technically RMP meets the definition of QE, its role is stabilizing rather than stimulating. Understanding the difference between the two is key to judging market trends.

NVIDIA's GPU shipments reached 6 million units last year, with a single Blackwell server priced at up to $3 million and weekly shipments of 1,000 units, dominating the AI chip market. However, this chip war is shifting, as customized chips like Google TPU, AWS Tranium, and Broadcom ASIC are emerging. Analysts estimate that Broadcom's market share in the customized ASIC chip market could reach 70-80%.

A prediction that XRP will reach $100 by 2029 is spreading wildly on the X forum, with YoungHoon Kim, who made this claim, claiming an IQ of 276. However, independent research has debunked this claim, and high-IQ organizations do not recognize such IQ scores. A report published by VICE in July 2025 shows that Kim's credentials have not been verified.

Matrixport's latest report reveals a fatal paradox in the crypto market: the total supply of stablecoins has surpassed $260 billion, reaching a record high. However, the inflow of new funds has peaked and slowed down, causing Bitcoin to lose a key moving average and drop below $86,000. The core issue lies in the Federal Reserve's cautious stance on interest rate cuts, which suppresses risk appetite, turning the massive stablecoin reserves into "dead weight" rather than market-driving fuel.

World App is a biometric verification application co-founded by OpenAI CEO Sam Altman, positioned as a super app for the AI era. It establishes a digital identity called World ID through Orb iris scanning, integrating crypto wallets, encrypted messaging, and more. In September 2025, the Philippines issued a cease and desist order to developer Tools for Humanity, accusing them of collecting personal data in violation of privacy laws.

Bitcoin plummeted to $85,000, triggering a全面崩跌 in crypto concept stocks. Ark Invest, through its funds, aggressively bought BMNR, COIN, CRCL, XYZ, BLSH, SLMT, and ARKB, while also adjusting Tesla (TSLA) shares on rallies. Tesla's stock price approached its all-time high, and Ark took profits by selling 124,867 shares valued at $59 million.

Since President Trump’s return to the White House, the enforcement actions of the U.S. Securities and Exchange Commission (SEC) against the Crypto industry have taken a dramatic turn. According to The New York Times, the SEC has dismissed or suspended nearly 60% of Crypto-related cases, while enforcement activities in traditional markets continue. More controversially, the regulatory agency "is no longer actively pursuing any cases involving companies with known connections to Trump."

Pi Network has enabled smart contracts on the testnet, supporting decentralized application (dApp) development. Over 17.5 million users have completed KYC checks, making it one of the largest verified communities in the Web3 space. The number of mainnet nodes is expected to increase nearly tenfold by 2025, indicating high network engagement and an increasing level of decentralization. After the smart contracts go live, developers can test payments, logic, and on-chain interactions in a real environment.

Bitcoin trading prices are approaching $86,000, but the market is facing the most unfavorable situation since 2022. According to the "System Stress" report released by Checkonchain, investors are currently facing approximately $100 billion in unrealized losses, with about 60% of spot Bitcoin ETF inflows in a loss position. More seriously, miners are reducing hash power, further pushing the Bitcoin ETF house of cards to the brink of collapse.

Eastern Time December 15, Nasdaq announced it has submitted documents to the SEC to request extending US stock trading hours from 16 hours per week to 23 hours. Nasdaq aims to officially launch in the second half of 2026, and the NYSE and CBOE are also promoting similar plans. Foreign investors hold a total market value of US$17 trillion in US stocks, so investors in Asia and Europe no longer need to stay up late to trade.

Recently, diplomatic negotiations aimed at ending the Russia-Ukraine conflict have made the most substantial progress since the outbreak of the war, with US and European officials reaching broad consensus on a possible ceasefire and post-war security framework. This significant geopolitical risk easing signal is prompting global investors to reassess asset allocations. For the cryptocurrency market, which has recently experienced sharp declines due to global risk aversion, a credible ceasefire agreement is expected to inject key positive sentiment into the market by improving risk appetite, stabilizing energy prices, and inflation expectations. However, the long-term trend of cryptocurrencies will still be fundamentally constrained by macroeconomic liquidity and major central bank policies.

Taiwan's Central Bank responded to legislator Ge Rujun's inquiry about whether Bitcoin should be used as a central bank reserve asset by officially submitting a written assessment document. The conclusion is clear: Bitcoin is not suitable as a central bank reserve asset. The Taiwan Central Bank pointed out four core risks associated with Bitcoin: extreme price volatility, liquidity risk, cybersecurity custody risk, and an immature regulatory framework. These risks do not meet the three main principles of reserve assets: "safety, liquidity, and profitability."

The UK's "2025 Property (Digital Assets etc.) Act" was approved in early December, clearly recognizing cryptocurrencies as a form of personal property. However, the Bank of England's reserve requirements for systemic stablecoins have caused industry upheaval: issuers must support at least 40% of their liabilities with deposits free of charge at the Bank of England, with the remainder secured by short-term UK government debt. This conservative model compresses the interest rate spread that USD-pegged stablecoins rely on to survive, potentially discouraging potential GBP stablecoin issuers.

Recently, the new generation artificial intelligence GPT-5.2 has made bidirectional price forecasts for the three major popular cryptocurrencies XRP, Dogecoin, and Shiba Inu up to 2026, sparking widespread market attention. According to its analysis, XRP is expected to break through the $3 to $5 range in an optimistic scenario, while Dogecoin and Shiba Inu may lead a new Meme coin cycle, with targets of $0.35 and $0.00005 respectively. These predictions were released at a critical turning point in the crypto market: on one hand, gold prices are approaching historical highs, and Bitcoin has pulled back from its high; on the other hand, institutions represented by Grayscale believe that 2026 will mark the dawn of the "institutionalization era" of cryptocurrencies, with fundamental changes occurring in market driving logic. While AI predictions are not market truths, they offer a novel perspective for observing the interaction between retail sentiment and macro trends.

Recently, traditional safe-haven assets like gold and digital assets like Bitcoin have exhibited a rare and extreme divergence. Gold prices have climbed to $4,305 per ounce, just one step away from the all-time high, with an annual increase of up to 64%; meanwhile, Bitcoin hovers around $86,000, roughly 30% below its October peak. Renowned asset management firm Grayscale, in its latest "Digital Asset Outlook 2026," interprets the current market as the pain point of the "institutionalization era," and predicts that Bitcoin will hit a new all-time high in the first half of 2026. This judgment is based on structural changes such as global debt expansion, clearer regulatory frameworks, and continuous institutional capital inflows.

The crypto market continued its decline in mid-December, with Bitcoin falling to around $85,800 during Asian trading hours, along with Ethereum and XRP which each declined over 5% for the week. The total market cap of crypto assets slightly decreased to approximately $3.06 trillion, a decline of over 2% this week. This sell-off occurred as investors awaited the release of key US economic data, with the crypto fear and greed index dropping to 16, the lowest level in nearly three weeks.

As a leading protocol focused on liquidity infrastructure on the Sui blockchain, Magma Finance successfully launched its flagship innovative product—the Adaptive Liquidity Market Maker (ALMM)—in September 2025, marking a new phase of high capital efficiency in the DeFi ecosystem. ALMM introduces discrete price ranges and dynamic fee mechanisms, aiming to fundamentally optimize liquidity providers (LPs) returns and trader experience. The project has secured $6 million in funding, completed multiple security audits, and its native token MAGMA has been listed on major trading platforms, demonstrating a solid development trajectory.

The US stock market's "Santa Claus Rally" is about to begin, referring specifically to the 7-day window period that includes the last 5 trading days of each year plus the first 2 trading days of the new year. Since 1929, the S&P 500 has a 79% chance of rising, with an average return of 1.6%, and has only declined once in the past 8 years. Currently, the S&P is around 6830 points, just one step away from 7000 points. Coupled with rate cuts and AI demand, it is very reasonable for the S&P to surge to 7000 points.

The U.S. Senate Banking Committee confirmed on Monday that the legislative hearing on the structure of the Crypto market, originally scheduled for this week, has been officially postponed until early 2026. A spokesperson for Committee Chairman Tim Scott stated in a release that although significant progress has been made bipartisan on digital asset market structure legislation, Chairman Scott insists that this work should be a bipartisan effort, and therefore the hearing has been delayed to ensure strong bipartisan consensus.

Five licensed digital banks in Malaysia will be fully launched by 2025, marking the country's transition toward a more inclusive and technology-driven financial ecosystem, offering high-yield savings accounts with an annual interest rate of 3% to 4%. Prime Minister Anwar stated that the government is considering policy measures to officially recognize Crypto and blockchain technology, emphasizing the rapid development of digital finance. Malaysia must accelerate its pace, paving the way for the legalization of Crypto in 2026.