Selected News
1. Bitcoin breaks $88,000, with a 24-hour decline narrowing to 1.88%.
2. The US stock market continues to rise, with the S&P 500 approaching its historical closing record.
3. US crypto stocks closed lower on Tuesday, with ETHZ down 15.08% and BMNR down 4.21%.
4. Solana treasury company Upexi submits a $1 billion shelf registration application to the US SEC.
5. The surge in US GDP growth raises concerns that interest rate cuts may become 'a mirage,' with the probability of a 25 basis point cut in January dropping to 13.3%.
Article & Threads
1. (How Twitter Creates 'Fake Traffic')
At the beginning of this month, CZ had an interesting debate on 'Bitcoin vs Gold' with Peter Schiff at the Binance Blockchain Week. After watching the video of this debate, I browsed related discussion tweets on X, and suddenly realized a problem... On YouTube, Binance's official account has 1.22 million subscribers, but the debate video only garnered 160,000 views and 5,358 likes.
2. (Faith in Capital Markets - The Essence and Core Value of Cryptocurrency)
For cryptocurrency players, 2025 is more likely to be a disappointing year. This year is about to pass, and we still haven't been able to solve the biggest problem facing the current cryptocurrency market - narrative failure and loss of faith. As an ordinary practitioner in the cryptocurrency industry, despite my work being quite mundane, over the past 4 years, I've seen and thought about some things, and I've always had a feeling that one day, I would systematically write these thoughts into an article. The time has come.
Market Data
Daily overall market capital heat (reflected by funding rates) and token unlocks.
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocks
