Recently, the cryptocurrency market has shown a diversified development trend. Curve Finance's monthly revenue has increased by over 20% due to the DeFi boom, reflecting the continued rise in activity within the decentralized finance sector. In addition, lawmakers have expressed concern about the impact of artificial intelligence on financial services, highlighting the importance of emerging technologies at the policy level. In terms of legislation, a bill to establish Bitcoin reserves has sparked public debate, but has received little attention in Congress, indicating a gap between market expectations and the reality of policy making. Meanwhile, the SEC chair nominee planned by Trump is particularly noteworthy and may affect the regulatory environment of the cryptocurrency industry. Furthermore, the Wormhole staking reward program launching on December 4 and the Memecoin launched by Coinbase mark a step forward in market innovation. Additionally, the South Korean central bank is discussing market stabilization measures, reflecting a vigilance towards market volatility. Overall, the cryptocurrency market is undergoing rapid capital flow and policy adaptation, creating new growth opportunities. The current overall market trend remains primarily focused on adjustments, with regulation and technology developing in parallel.