1. Market Observation
Keywords: ETH, ETF, BTC
After Bitcoin climbed to $99,500, it has continued to retreat, currently falling below $94,500, facing challenges in the market, with nearly $300 million in outflows from U.S. Bitcoin ETFs.
Institutional attitudes are also polarized. While some companies continue to build Bitcoin reserves, tech giants like Microsoft take a stance against it. Notably, Nexo and 7RCC Global have taken a different approach by launching ESG-focused Bitcoin ETFs. In the face of market volatility, Pomp Investments founder Anthony Pompliano remains optimistic, expecting a strong performance for Bitcoin in 2025.
The Ethereum market also shows signs of recovery, with buying momentum gradually strengthening. Although prices still face significant downward pressure, interest from institutions, especially large investors, is rising. During this period, the entire crypto industry continues to develop rapidly, with Bitcoin maintaining its market dominance. However, Bitcoin's failure to stabilize above the $100,000 mark has raised concerns about a possible correction.
Meanwhile, investment enthusiasm in the crypto sector remains high. Halliburton invests in Bitcoin mining through its Austin subsidiary 360 Energy, and Chinese car dealer Cango plans to expand its crypto business. Bitcoin investments in the UAE have also reached a historical high of $40 billion. As author Robert Kiyosaki recognizes, despite the arrival of the digital age, traditional financial institutions still face numerous challenges.
Overall, Bitcoin and Ethereum market performance reflects the contradictory sentiments of investors, with expectations for new highs and concerns over correction risks.
2. Key Data (as of December 23, 10:25 HKT)
S&P 500: 5,930.85 points (Year-to-date +20.74%)
NASDAQ: 19,572.60 points (Year-to-date +30.55%)
10-year U.S. Treasury yield: 4.532% (Year-to-date +64 basis points)
U.S. Dollar Index: 107.73 (Year-to-date +6.26%)
Bitcoin: $95,487.38 (Year-to-date +119.0%), daily spot trading volume is $43.499 billion
Ethereum: $3,330.05 (Year-to-date +45.70%), daily spot trading volume is $22.795 billion
3. ETF Flows (December 20 EST)
Bitcoin ETF: -$277 million
Ethereum ETF: -$75.1159 million
4. Important Dates
As the Christmas holiday approaches, Hong Kong stocks and financial markets in several European countries will be closed for two and a half days starting Tuesday (the 24th), while U.S. markets will be closed for one and a half days.
5. Hot News
Weekly Preview | MicroStrategy officially joins the Nasdaq 100 index; Ethena (ENA), Cardano (ADA) will unlock tokens worth tens of millions of dollars
Japanese listed company Metaplanet increased its holdings by 619.7 Bitcoins
A suspected address of Sun Yuchen has redeemed 39,999 ETH from Lido and Etherfi in the past week and deposited it into HTX.
Pump.fun co-founder denies Christmas airdrop rumors
Trump nominates soon-to-depart a16z partner Krishnan as Senior Policy Advisor for AI at the White House Office of Technology Policy
Bezos clarifies $600 million wedding rumors, MicroStrategy founder seizes the opportunity to recommend Bitcoin investment
Arthur Hayes deposits 2 million ENA into Bybit, valued at $2.06 million
Securitize proposes adding BlackRock's BUIDL token as collateral for stablecoin Frax USD
Data: Tokens like MRS, ADA, ENA will see large unlocks next week, with MRS unlocking worth approximately $34.7 million
Wormhole DAO will launch in the first quarter of next year
At least 10 companies are considering adopting MicroStrategy's Bitcoin strategy
Decentralized liquidity protocol THORChain releases V3 version
Vitalik: Advocates building intelligent enhancement tools for humanity, rather than creating super-intelligent life
Analysis: The community is watching for a 'God candle' pattern in Bitcoin around Trump's inauguration day
This week's macro outlook: The Christmas season may be fraught with crisis; beware of liquidity shortages amplifying market volatility
Yuga Labs co-founder: Has sold some Fartcoin but remains one of the top ten holders
Uniswap L2 network Unichain mainnet will launch in early next year
Blind computing network Nillion mainnet will launch in February 2025
Tether CEO: Tether's AI platform website is expected to launch by the end of the first quarter of 2025
IOST releases new token economics: 97% of newly issued tokens will be used for the community
MANTRA's new proposal suggests updating OM token economics, including reducing on-chain inflation rate to 3%
Among the top 500 tokens by market cap, 10 tokens have seen a decline of over 50% in the past 30 days, 8 of which are meme coins
Supported by OSL - Hong Kong's largest over-the-counter trading platform, continuously providing regulated digital asset services since 2018.
