Cryptocurrency Daily Report (December 15)

1. Global Market Dynamics: The total market capitalization of cryptocurrencies reached $3.13 trillion, with a 24-hour increase of 1.1%, and a trading volume of $8.53 billion, Bitcoin dominance is 56.7%.

2. Mainstream Coin Price Trends: Bitcoin fell below $88,000 during trading, currently priced at $87,967.8, down 2.48% in 24 hours; mainstream coins like Ethereum, SOL, and XRP are also experiencing a decline, with a drop of 1.99%-3.72%.

3. Network Liquidation Data: In the past 24 hours, the total liquidation on the network reached $270 million, affecting 115,700 people, with over 85% of long positions liquidated, and the largest single ETH liquidation reached $4.8542 million.

4. Institutional Forecast Adjustments: Standard Chartered has significantly lowered its Bitcoin price target, expecting it to reach $100,000 by the end of 2025 (originally $200,000), and $150,000 by 2026 (originally $300,000), due to weakened buying power from large holders.

5. China Regulatory Position: The central bank has clarified that stablecoins are classified as virtual currencies, strictly investigating money laundering and illegal cross-border fund transfers, with many regions already ruling on related illegal currency exchange cases.

6. US Regulatory Developments: Binance was fined $4.3 billion for violating anti-money laundering laws, founder Zhao Changpeng pleaded guilty and resigned, with Richard Teng appointed as the new CEO, who will be subject to three years of compliance monitoring.

7. International Regulatory Progress: The US SEC plans to issue an "innovation exemption" for the cryptocurrency industry within a month, and the UK's "Digital Assets and Other Property Bill" has come into effect, offering legal protection for cryptocurrencies.

8. Traditional Finance Involvement: Starting January 2026, Bank of America plans to recommend wealth management clients allocate 1%-4% of their assets to cryptocurrencies, marking the first time a major bank includes it in mainstream asset allocation.

9. Technology Upgrade Developments: The Ethereum mainnet has completed the "Fusaka" upgrade, and developers are concurrently testing the ZK privacy protocol, which can be applied to scenarios such as anonymous voting.

10. Institutional Position Changes: Harvard University’s Bitcoin ETF holdings have surpassed its Google stock holdings, and some sovereign wealth funds continue to increase their positions during Bitcoin price declines.