【Crypto World】Regarding the future of Layer 1 blockchains, there are many voices in the industry predicting decline. Some even outright say that apart from the leading public chains Ethereum and Solana, other Layer 1s won't go far. It sounds quite alarming, but the reality might not be that absolute.
Take XRP for example. Despite facing bearish sentiment, its ecosystem is quietly heating up. Data shows that over 200 financial institutions are using RippleNet, and the latest Ripple Custody report reveals a 250% year-over-year increase in new clients. What does this mean? It indicates that some institutions are willing to invest on this chain.
Whether XRP can break through the competition depends largely on Ripple's ability to leverage its regulatory approval advantage to attract more mainstream players. From this perspective, different Layer 1s are taking completely different paths—some rely on a booming ecosystem,

Recently, a leading exchange is preparing to launch a prediction market feature, supported by Kalshi, with an official announcement expected next week. Although not an exclusive agreement, Kalshi will become the exchange's sole prediction market operational partner. Prediction markets have gained attention over the past two years, with major platforms experimenting, and their future development is worth looking forward to.

Bitcoin faces liquidity risk at key price levels. If it drops below $88,000, long positions will be concentrated on liquidation, with a liquidation strength of 1.071 billion; if it breaks through $92,000, shorts face risks, with a potential liquidation strength of 1.057 billion. These two price levels may trigger market volatility, and short-term traders should pay attention.

A big whale transferred 2.299 billion PUMP tokens to FalconX on-chain, valued at approximately $6.3 million. This whale has been accumulating at high levels for the past three months and is currently facing a loss of about $5 million. Future actions will influence market sentiment.

Bitcoin mining faces difficulties, with miners' weekly income decreasing by 11% to 502 BTC, while mining difficulty hits an all-time high, compressing profits. Short-term holders are experiencing approximately 12% losses, and market instability is intensifying. Miners' net holdings have turned negative, possibly considering selling, and future trends remain uncertain.

A wallet address sold 3,296 ETH in a short period during market panic, losing nearly $1 million in unrealized gains, reflecting that large holders' psychology at market bottoms often leads to panic withdrawals.

【Crypto World】SOL has shown a clear downward trend in the past 4 hours. Compared to 12:00 on December 12, 2025, the price has dropped significantly; whereas, relative to the same period the previous day (08:00 on December 11), there was a rebound, but from 04:00 on December 12 to now, it has been on a downward trend. Overall, this wave of market movement is dominated by a large bearish candlestick, with the latest K-line turning bullish, closing higher than the opening price, indicating that although the bears are still in control, they are showing signs of pause.
In terms of trading volume, recent transactions have markedly decreased — not only compared to a few hours ago but also showing a gradual decline overall. This reflects a decrease in market participation, with both bulls and bears holding back and observing.
From technical indicators, the MACD shows no clear direction, with the histogram remaining in negative territory and gradually lengthening, suggesting that the bearish momentum still dominates. The KDJ indicator is in overbought territory (value 88), and the current downward trend continues, with no golden or dead cross forming.

【BlockBeats】On December 13, U.S. stocks experienced a significant correction. The S&P 500 index fell by 1.07%, while the Nasdaq Composite declined by a larger margin, closing down by 1.69%. The Dow Jones Industrial Average initially rose before falling back, reaching a record high during the session, but ultimately closed down by 0.51%.
This correction affected the entire crypto asset ecosystem's listed company sector. From compliant platforms to mining companies, from game development to Bitcoin trusts, the declines ranged from shallow to deep.
Leading companies performed relatively better: a compliant platform (COIN) only dropped by 0.58%, stablecoin issuer Circle (CRCL) declined by 5.76%, Bitcoin accumulation company MSTR fell by 3.74%, and blockchain platform EOS's behind-the-scenes Bullish (BLSH) dropped by 4.05%. However, Gemini (GEMI) couldn't hold on, with a single-day decline of 11.81%, becoming

Citadel Securities submits regulatory recommendations to the SEC, requesting DeFi protocols to be regulated like traditional institutions, sparking strong opposition from the DeFi alliance, which believes that blockchain markets can self-regulate. This debate reflects the fundamental differences in regulatory standards between traditional finance and on-chain finance and could impact the future development of DeFi.

Recently, Fidelity Custody transferred 143.05 BTC to a major exchange in the early morning, approximately $129 million. This institutional-level transfer has attracted market attention and may reflect a change in institutional investors' attitudes. Subsequent trading behavior will determine the purpose of the transfer.

【Blockchain Rhythm】There is an interesting position movement worth paying attention to. This trader, known as the "BTC OG Insider Whale," has recently been continuously increasing their ETH long positions. Currently, the ETH long position with 5x leverage has reached $540 million, and the total value of long positions across BTC, ETH, and SOL has exceeded $660 million.
Specifically, the details behind this series of operations are quite intriguing. The entry price for the 5x leveraged ETH long position was $3,173.36, with an unrealized loss of about $20 million. Interestingly, there is also a $17 million limit buy order at the price range of $3,030 to $3,051.8, clearly waiting for a pullback to add to the position.
For BTC, the 5x leveraged long position size is $90 million, opened at $91,506.7, with an unrealized loss of $2 million, and the position remains relatively stable. The SOL position is the smallest, with a 5x leverage of 34

The market has recently experienced a significant short-term decline, impacting the position of a BTC whale. The whale's holdings of BTC, ETH, and SOL are all at a loss. The ETH long position is valued at over $500 million, with an unrealized loss of $9 million after opening the position, and plans to add another $64 million. The total position size exceeds $620 million. The current market trend has not yet presented an opportunity.

【Blockchain Movement】On December 12th, a leading exchange responded to claims by Korean media regarding its slow response to the hacker attack on Upbit. The exchange’s spokesperson stated: "Our security and investigation teams quickly identified the incident and immediately took action to help freeze the relevant transfers, preventing further loss of funds. Therefore, any claims questioning our prompt and effective handling are completely unfounded."
However, according to a previous report by Korean media outlet KBS, the development of the situation appears to be more complicated. After the Korea Police received news of the hacker theft on Upbit on November 27th, they requested the exchange to freeze approximately 470 million Korean Won worth of Solana tokens. But the exchange cited "the need for further verification of the facts" as an excuse, ultimately freezing only 17% of the requested amount (about 80 million Korean Won), and the entire process was delayed by about 15 hours before completion and notification to the relevant department.

The commercial operating entity of the decentralized GPU network Aethir has been renamed to Axe Compute and is listed on NASDAQ under the stock ticker AGPU. This marks the first time that decentralized GPU infrastructure has entered the mainstream enterprise market, with Axe Compute focusing on providing services to large-scale computing power demand enterprise clients, thereby boosting customer confidence.

【Blockchain Rhythm】Cookie DAO recently clarified the price performance of a certain token after TGE on Cookie Launchpad. According to the official statement, the market performance on and after the token launch day is entirely driven by the project team, including decisions on fundraising scale, tokenomics design, liquidity allocation, and other factors. Cookie's role in this is very clear – it is purely a technical tool platform, helping project operations with InfoFi activities, aiming to attract genuine users who generate attention, produce content, and build cognitive recognition for the project.
In response to recent market skepticism, Cookie admitted that liquidity is currently extremely tight, with significant selling pressure, and market fluctuations are completely unpredictable. Regarding claims such as "Cookie makes huge profits while retail investors lose everything," the official explicitly denies these are false information. Cookie has not chosen to remain silent; instead, it actively responds to community concerns.