Ding Ding's Top 10 Cryptocurrency News in 24 hours

1. The UK's FCA has launched a major consultation on new crypto regulations, advancing rules on listing, trading platforms, anti-manipulation, and insider trading, with European regulatory narratives heating up again.

2. JPMorgan Asset Management has tokenized money market funds on the Ethereum blockchain, targeting qualified investors with MONY, accelerating the 'on-chain' transformation of U.S. Treasury yield assets.

3. PayPal has applied to establish a chartered bank in Utah, attempting to create a seamless process for payments, deposits, and the stablecoin PYUSD.

4. The U.S. FSOC's annual report has softened its tone on crypto, bringing clarity to the stablecoin regulatory framework and making bank participation clearer.

5. MicroStrategy has invested nearly $1 billion more in BTC, continuing the narrative of corporate treasury buying coins, but increasing leverage risks and volatility.

6. The weakening of BTC/ETH/XRP has triggered massive liquidations, with short-term risk appetite retreating and the market cooling on the 'year-end rally'.

7. BTC spot ETF saw a negative fund flow in one day, with short-term funds becoming more conservative, waiting for macro and price direction to re-establish.

8. Analysis indicates that ETF and institutional costs are rising under pressure; if key cost areas are breached, deleveraging may happen more quickly and fiercely.

9. CoinShares updates: Crypto-related stocks/vault stocks are increasingly correlated with coin prices, while on-chain issuance and public chain financialization continue to expand.

10. A licensed digital asset fund management company in Malaysia has completed financing, focusing on RWA tokenization, with an increasing penetration rate of traditional assets on-chain.

Trend Bull/Bear Judgment: Short-term bearish (deleveraging + ETF turning conservative), medium-term neutral to bullish (regulatory clarity and RWA/institutional on-chain still accelerating).

#Bitcoin #Ethereum #Stablecoins #CryptoRegulation #InstitutionalCrypto #RWA #DeFi #Tokenization #MarketLiquidity #Web3