[Jefferies Suggests Trump's Tariff Policies May Accelerate De-Dollarization and Benefit Gold] Jefferies analysts pointed out in their 2026 outlook report that the U.S. dollar's dominance in global foreign exchange reserves may face gradual weakening, partly due to U.S. President Trump's tariff policies imposed on trade partners. The report states that the recent trade wars have undermined the dollar's status as the primary reserve currency. Although it will maintain its core role in the short term, a slow and persistent trend of de-dollarization may emerge. As geopolitical and trade tensions intensify, central banks and investors may begin to question the risks of concentrating all reserves in the dollar and seek diversified allocations, turning to other assets. Jefferies believes that in this de-dollarization process, gold will become the primary beneficiary.

According to AiCoin's real-time on chain monitoring, at 22:36 (UTC+8) today, the "hardcore short whale" continuously reduced its BTC short positions by 20 BTC, valued at $1.82 million. Accumulated profit of $408000. As of press time, the value of its BTC short position is $74.66 million, with a floating profit of $16.8469 million. In addition, the giant whale has pending orders worth approximately $87.6 million that have not yet been executed. Whale address: 0x5d2f4460ac3514ada79f5d9838916e508ab39bb7

[MANTRA CEO: OKX Announcement Migration Timeline Differs from Proposal, Users Advised to Migrate Independently] Mantra CEO JP Mullin stated that certain timelines in the recent OM token migration announcement by OKX differ from the official governance proposal. According to Governance Proposal 26, the migration is planned to occur after the complete deprecation of ERC-20 OM tokens on January 15, 2026, rather than the end of December 2025 as mentioned in the announcement. Mantra has not yet announced a specific date and advises users to migrate independently through official channels.

[U.S. stock market opens with broad gains in crypto-related stocks, MSTR up 2.61%, Bitmine up 4.9%] At the opening of the U.S. stock market, the Dow Jones fell 0.06%, the S&P 500 rose 0.09%, and the Nasdaq rose 0.32%. Crypto-related stocks saw broad gains: Coinbase rose 1.52%, Circle (CRCL) rose 1.72%, Strategy (MSTR) rose 2.61%, Bullish rose 1.57%, Bitmine rose 4.9%, SharpLink Gaming rose 4.34%, BTCS rose 1.65%, and American Bitcoin rose 1.79%. BNB Network Company fell 1.47%, and ALT5 Sigma fell 0.7%.

Bernstein, which manages assets worth $800 billion, stated that Bitcoin's four-year cycle has ended and it is currently in an extended bull market cycle. （The Bitcoin Historian）