Daily insights
Daily market dynamics
Start a new day with the pulse of the market
December 14, 2025, Sunday
Current meta direction
Institutional investors' views on Bitcoin are gaining unprecedented support.
The CEO of BlackRock has publicly stated that cryptocurrencies will replace traditional finance, marking a significant shift for the world's largest asset management company. A Federal Reserve board member also confirmed that Bitcoin has now become a part of the 'financial system architecture.'
The big rotation from Bitcoin to Ethereum is underway.
Bitmine has accumulated 4% of Ethereum's total supply (12 billion USD), with whales exchanging 181 million USD worth of Bitcoin for Ethereum in three weeks. Despite a 54% drop in trading volume, Ethereum ETFs are still shifting towards Bitcoin in the net flow over 10 days.
The dominance of Solana's infrastructure is reinforced
Solana's annual revenue reached $657 million, leading all blockchains; hosted the largest online hackathon in history (receiving over 1,500 submissions); stablecoin supply hit an all-time high of $16.44 billion. JPMorgan backs Solana's entry into the internet capital market.
The AI agent economy enters the mainstream phase
Circle promises to launch a billion-dollar AI agent roadmap based on stablecoin micropayments in the next 3-5 years. Neukoai ($GBOY) quietly raised $45 million in 15 minutes, showcasing market speculation enthusiasm.
Opportunities and catalysts
High liquidity ecosystem stocks are still undervalued compared to growth stocks.
HyENA's trading volume exceeded $130 million in 4 days, with a $10 million vault instantly replenished. Total stablecoin supply hits an all-time high of $152.4 million. The portfolio margin feature on the testnet goes live to facilitate efficient arbitrage trading.
Operability: Monitor the market release of HIP-3 and new derivatives for early positioning.
The window for DEX accumulation is short before Coinbase goes public
Raised $70 million and included in Coinbase's development roadmap. Points can be traded OTC with a buy price of $88 and a sell price of $100, with transactions confirmed. The venture capital allocation has a 1-year lock-up period, leading to supply tightness after token issuance.
Operability: The OTC trading point market can provide price discovery before token issuance.
The wave of tokenized equity is coming
Coinbase launched tokenized stocks on December 17, with the market also starting on December 17. Speculation around the $BASE token issuance began on December 18. Standard Chartered Bank discusses Malaysian stablecoin with AirAsia.
The SOL mobile protocol stack expands to 2 billion Android phones
MediaTek's collaborative projects cover 46-50% of the global Android market share. Baxus announces the launch of Solana Mobile's unique decentralized RWA pricing mapping layer.
Poland's approval of Bitcoin regulation indicates a European domino effect
The cabinet has approved, awaiting the president's signature. The Czech Republic has purchased $1 million worth of Bitcoin. Coinbase stated this 'may encourage other Eurozone countries to follow suit.'
Market overview
Despite significant buying from institutional investors, call option sellers still limit Bitcoin's upside potential.
Investors holding large amounts of Bitcoin are selling covered calls to hedge against price volatility, creating a price cap. The behavior of Bitcoin veterans protecting against downside risk contradicts ETF inflows and government-level purchases. This is a typical loss aversion behavior in the yield space.
Ethereum's price faced rejection while whales were actively buying.
Despite Bitmine increasing the total supply by 4% and whales shifting from Bitcoin to Ethereum, ETH still faces resistance in daily order blocks, potentially testing $2800 again. The technical weakness contradicts the fundamental rise.
Memecoins plummeted, Solana DEX trading volume reached 15%.
As attention shifts to decentralized exchanges (DEX), tokenized assets, and AI agents, the infrastructure rotation is accelerating. This is typical end-of-cycle behavior, with speculative activity gradually shifting upstream on the risk curve.
The fragmentation of the plasma ecosystem indicates its reflexive collapse
The total market capitalization of XPL, MON, and STABLE reached $1 billion, while XPL's market cap was only $1.3 billion before. It's said that the team's distance from token holders has caused a vicious cycle.
During market downturns, highly liquid stablecoin investors are buying large amounts of stablecoins.
Stablecoin supply hits an all-time high of $152.4 million, while overall cryptocurrency trading volume plummets by 61%. Funds are concentrated on high-confidence platforms, indicating savvy investors are positioning themselves.
