CZ has spoken out again recently, this time directly suggesting that countries consider allocating Bitcoin, and even throwing out a shocking prediction—that a single BTC could reach $50 million in the future. As soon as he said this, the market started to stir again.

Speaking of price, if BTC really breaks above the $100,000 mark, things won’t look good for the bears. Data shows that about $9.1 billion worth of short positions are at risk of liquidation. If this move really happens, the losses for short sellers could be substantial.

There are relatively optimistic economic signals coming from the US. National Economic Council Director Hassett recently stated that he expects economic growth to exceed 3% next year, provided there are no major unexpected events. He also mentioned that the Federal Reserve is likely to announce a rate cut next week, and the market has already started to react in advance.

The conflict between Musk and the European Union has escalated again. The EU has slapped a €120 million fine on the X platform. Musk responded by calling the decision utterly absurd and even said he would retaliate against the relevant officials, also calling for the abolition of EU institutions. It looks like this battle will continue.

On the regulatory front, there’s an interesting development: the US SEC is scheduled to hold a crypto privacy roundtable on December 15, with industry figures like the founder of Zcash participating. This meeting may discuss how to regulate privacy-focused crypto projects. If zero-knowledge proof technology is recognized and incorporated into the regulatory framework, that’s a positive sign; but if there are major disagreements, the tendency might still be toward strict monitoring, and privacy advocates may have to resort to legal avenues.

On the trading side, there’s a whale operation that’s quite impressive. According to Hyperbot data, one address opened short positions on BTC four times in a row using 20x leverage, and is now sitting on over $20 million in unrealized profit, still holding a position of 860 BTC waiting to be closed. This kind of precise targeting is truly remarkable.

Finally, some news on industry-academia collaboration: Hong Kong-listed company ZD Holdings has invested HK$1.7 million to jointly establish a stablecoin R&D center with the Hong Kong Polytechnic University. Collaboration between traditional enterprises and academic institutions in this field is becoming increasingly common.