Recently, the price of LINK was blocked near $14.9 and has retraced to $13.63. Although large holders are actively buying, intense selling pressure from retail investors has resulted in sell orders far exceeding buys. The current situation is delicate; if large holders continue to increase their positions, a breakout above $14 is possible. Otherwise, the support level may be near $12.7, and the outcome of the contest between both sides remains unpredictable.

After its listing on the US stock market, Soluna Holdings successfully raised $32 million, planning to use the funds for daily operations, project investments, and the continued development of its Bitcoin mining and generative AI businesses, further increasing its investment in the high-performance computing sector.

[Chain News] A leading exchange is about to list NIGHT spot trading.
NIGHT is the native token of Midnight Network, combining governance and utility functions. This project is quite interesting—Midnight Network is Charles

DOGE has experienced significant price fluctuations recently, forming a bullish engulfing pattern after a pullback. Although the market remains quiet and trading volume has declined, technical indicators show weakening bearish momentum. The KDJ golden cross and price-volume divergence suggest a potential rebound. Key support is at 0.13328, with resistance at 0.1548. Investment strategies should be approached with caution.

[BlockBeats] Observing the market on December 6th, I noticed something interesting—after checking Coinglass data, both centralized exchanges and on-chain DEXs are currently showing funding rates that signal bearish sentiment.
Let me briefly explain what this funding rate is: it's actually the fee paid between longs and shorts in perpetual contracts, with the platform taking no cut. The purpose of this mechanism is to prevent contract prices from deviating too far from spot prices. You can think of it as a thermometer for market sentiment.
How do you read this thermometer? There's an industry-accepted standard: 0.01% is considered neutral. If the funding rate is higher than this, it means longs are dominant and willing to pay shorts, indicating market optimism. But if the rate drops below 0.005%, it's the opposite—shorts are dominant, and the overall atmosphere is rather pessimistic.
Looking at the current funding rates of major coins, the numbers are indeed not looking good, and the market is obviously being dominated by the bears at the moment. This

The U.S. Securities and Exchange Commission will hold a roundtable discussion on cryptocurrencies, financial monitoring, and privacy on December 15. The event features a strong lineup of industry experts from various sectors, reflecting the regulators' new attitude toward privacy coins and crypto regulation.

On December 6, the crypto market showed a clear divergence in gains and losses. CORE rose 3.01% to $0.129, and ICP increased 2.44% to $3.571. On the downside, TIA fell 6.13% to $0.571, and SUI dropped 5.21% to $1.550. Overall, the market performance varied significantly.

Grayscale has submitted an S-1 registration filing to the U.S. Securities and Exchange Commission, planning to launch an ETF for the Sui Trust Fund, marking its expansion into more altcoin sectors. As a representative of high-performance public blockchains, SUI would become a significant crypto asset if approved, but the review process may face challenges.

【区块律动】12月6日消息，某合规平台官方宣布，ImmuneFi (IMU) 和 Sentient (SENT) 两个项目已被纳入上币路线图。这意味着这两个代币后续可能会在该平台正式开放交易，值得关注这两个项目的用户可以提前做好准备。

[Crypto World] On-chain data shows that just now, 4,950 Bitcoins were transferred between two unknown addresses, with a current value of up to $441 million. Such large transfers often spark market speculation about whale movements.

[BlockBeats] James Butterfill, Head of Research at a leading crypto asset management firm, recently released a report and didn’t mince words: companies that rely on hoarding tokens and telling stories—their bubble has pretty much burst.
Digital asset reserve companies that were riding high this summer once saw their valuations soar to 3 to 10 times their net asset value—put simply, they held $1 worth of tokens, but the market valued them at $3 or even $10. What about now? They’ve been brought back down to earth, with valuations dropping to 1x or even lower. This game of making token treasuries the core growth story has now faced a harsh reality check.
What’s next? Butterfill sees two paths: either prices keep falling, triggering panic selling; or these companies grit their teeth and hold on, waiting for the market to recover. He personally is more optimistic about the latter, citing improving macro conditions and the possibility of a rate cut in December, which would support the crypto market.
But

[Crypto World] An analyst from a leading brokerage firm has slashed the target price for that company that's been aggressively hoarding coins from $560 to $229—the reason is pretty straightforward: if the coin price fluctuates, their financing strategy stalls. However, the rating remains "Outperform," since at the current price of $180, there’s still nearly 30% upside.
Interestingly, the company's price-to-book ratio premium has dropped to 1.18x. Simply put, the stock price is too close to book value, so raising money by issuing new shares isn’t as effective anymore. Another institution calculated that the $1.44 billion they recently raised can last them 21 months, so they don’t need to sell coins for cash in the short term.
Their CFO also commented—they’ll focus on preferred shares going forward. Common shares? They’ll only consider issuing them if the price-to-book premium goes back above 1x. This move is essentially a gamble: buying time in hopes the coin price will recover and the equity financing flywheel can spin up again. But the problem now is, with the financing engine stalled, relying solely on cash reserves...

[Crypto World] Cybersecurity company Hudson Rock recently did something quite interesting—they stumbled upon some big news while analyzing a malware log.
Here’s what happened: While researchers were reviewing records from the LummaC2 info-stealer, they noticed something odd about one infected computer. The owner of this device? It’s very likely the programmer who writes malicious code for North Korea’s official hacker group. Even more shocking, this machine was previously used to set up the attack infrastructure for that major $1.4 billion theft from a leading exchange back in February.
Digging deeper, they found that the login credentials stored on this computer matched the fake exchange domains registered before the attack. The hardware setup was pretty high-end—equipped with professional development tools like Visual Studio and Enigma Protector, as well as Astrill VPN and Slack.