Analysis: MicroStrategy's valuation has dropped to twice the market value of its BTC holdings, and the stock price may face downward pressure

[Gemini's Winning Probability on Kalshi Rises to 94%, Trading Volume Reaches $14.71 Million] In the prediction market on Kalshi for 'What will be the best AI by the end of 2025,' Google's Gemini's winning probability has risen to 94%, OpenAI's ChatGPT stands at 5%, and xAI's Grok is at 1%. The market's trading volume has reached $14.71 million and will be settled according to the LM Arena leaderboard. Additionally, a suspected Google insider, NCW, has locked the release date of Gemini 3.0 Flash to December 17. NCW previously profited nearly $4,000 by predicting Gemini's release date.

[IoTeX Achieves Full MiCA Compliance Across All 27 EU Member States] IoTeX announced today that it has achieved MiCA compliance across all 27 EU member states and released a regulatory-compliant IOTX whitepaper. IoTeX has become one of the few blockchain infrastructure platforms to gain regulatory clarity within the EU. Compliant exchanges and institutional users within the EU will be able to support IOTX assets and IoTeX ecosystem applications under a unified regulatory framework. This milestone enhances the global compliance credibility of IOTX and lays the foundation for IoTeX to advance the adoption of 'Machine Economy' and 'Real World AI' applications in Europe.

According to Nansen data monitoring, a newly built wallet extracted 775.11 BTC worth approximately $67.23 million from Binance, with a receiving address of bc1qzg4jrxppjflcwu4dy3hcdvqmz4n8vtpfcscmpp. （Onchain Lens）

[Approximately $260 million worth of 3,000 Bitcoins transferred to Binance] Whale Alert monitoring data shows that 3,000 BTC (approximately $260 million) were transferred from an unknown wallet to Binance.

[Matrixport Indicates Altcoin Rebound Did Not Sustain and Bitcoin's Short-Term Momentum Weakens] Matrixport analysis points out that although the decline in Bitcoin's market dominance once led to a temporary rebound in altcoins, the rebound failed to sustain as the overall crypto market capitalization weakened. Over the past year, altcoins have generally underperformed, with market preference still concentrated on Bitcoin. Currently, Bitcoin's short-term momentum is weakening, and risk appetite recovery remains limited, suggesting that altcoin trends may primarily feature structural divergence. At this stage, trading should focus on top-tier assets with better liquidity and trading depth, while strengthening risk control and position management. The market has gradually shifted from a 'long-term holding + dollar-cost averaging' approach to an environment emphasizing timing entry and active trading.