Note: This tweet is published by AI, primarily summarizing cryptocurrency news scripts from over 30 TG channels I frequently watch every 8 hours, usually including important news, market analysis, project updates, and other four sections, open for everyone to read:

━━ Important News ━━

1. The Central Bank of Russia is preparing to launch a regulatory framework for the domestic cryptocurrency market.
Non-qualified investors can only purchase the "most liquid" cryptocurrency assets after passing a knowledge test, with an annual transaction limit of approximately $3,800; qualified investors can purchase unlimited amounts of cryptocurrency assets except for anonymous tokens after passing a risk awareness test; relevant legislative changes are planned to be completed next year.

2. The EU Council supports the ECB in advancing the digital euro: Proposes a personal holding limit and provides online/offline versions.
The EU Council supports the European Central Bank in advancing the digital euro scheme and proposes to set a limit on individual holdings of the digital euro to prevent CBDC from 'siphoning' traditional bank deposits, ensuring it is primarily used for payments; the scheme also includes an online version and a more privacy-focused offline version.

3. Solana Treasury company Upexi submits Form S-3: aims for a maximum shelf registration of $1 billion, holding approximately 2 million SOL.
Upexi submits Form S-3 to the SEC, aiming for a maximum shelf registration of $1 billion (funding through various securities options); the company currently holds approximately 2 million SOL (the fourth largest holder of SOL among listed companies). Reports mention that its stock price has fallen from a peak of $22.57 in May to $1.825, with an intraday drop of 8.3%, and a market cap of about $115 million.

4. Spot gold breaks through $4,500 per ounce for the first time, setting a historical high.
Multiple news outlets report that it has risen over $1,870 this year, with some quotes showing a current price of about $4,508 per ounce.

5. U.S. stocks continue to set new highs: The S&P 500 closes above 6,909/6,910 for the first time.

WatcherGuru/Kobeissi states that the S&P 500 closed above 6,909/6,910 for the first time and set a historical closing high; DB data indicates the S&P rose by 0.4%, and the Nasdaq rose by 0.6%; BlockBeats also notes that the S&P approached 6,900 points intraday, just shy of the historical closing record by less than 10 points.

━━ Market Analysis ━━

1. PANews (2025 TGE Annual Report): Over 80% of 118 projects have fallen below their offering price, with higher FDV leading to larger declines.

Statistics show that over 80% of 118 projects have 'broken below their offering price,' and highlight that projects with higher FDV experience worse declines; it is noted that TGE projects in 2025 are primarily concentrated in the infrastructure and AI sectors, becoming a heavy loss area.

2. VanEck manager: If gold reaches $5,000 in 2026, Bitcoin is expected to 'rebound significantly.'
VanEck manager David Schassler states that as investor demand for hard assets rises, if gold reaches $5,000 in 2026, Bitcoin is expected to 'rebound significantly.'

━━ Project Updates ━━

1. Aave governance and brand control disputes heat up: The relationship between DAO and Aave Labs is once again being scrutinized.

2. Bybit will restrict access for Japanese users, regulatory pressure intensifies.

3. Hyperliquid ecosystem: TradeXYZ launches EURUSD, becoming the second FX trading pair (HIP-3).