#加密市场回调

Today, the overall cryptocurrency market is down, affected by the uncertainty from the Federal Reserve (expectations of interest rate cuts at the FOMC meeting on December 10) and leveraged liquidations ($4.3B). BTC/ETH/SOL all tested their monthly lows, but ETF inflows provided support.

#SECCrypto Regulatory progress: The SEC launched the "Project Crypto 2026" roadmap, covering token classification and airdrop exemptions; the CFTC accelerated spot trading regulation, and the Bitnomial platform went live. Vanguard reversed its stance, allowing customers to trade BTC/ETH/XRP/SOL ETFs.

#预测 Grayscale predicts new highs in 2026; ETF net inflows of +$71.4M, but high leverage (200x) exacerbates volatility. Miner reactivation increases supply pressure.

ETH dynamics: The Fusaka upgrade goes live tomorrow, improving L2 fees by 95% reduction; futures trading volume surpasses BTC (11.20%), ETF inflows +$76.6M. Whales accumulate 450K ETH, but short-term resistance is at $3,100.

#solana Dynamics: Upbit exchange suffered a $37M hack (SOL/USDC/Bonk), deposits have recovered but require new addresses; Kalshi launched a tokenized prediction market on Solana. ETF assets reached $2B, network trading volume +16% MoM, but Pump.fun sold 264K SOL adding pressure.

Macroeconomic impact: PCE inflation data (December 5) and China's real estate crisis (Vanke default) may trigger risk aversion. Stablecoin issuance +$18.5B, but USDT rating downgraded.

Summary: Be cautious of short-term declines (maintaining support or rebound), bullish in the long term (clear regulation + institutional inflows). It is advisable to diversify risks and pay attention to December events.