The US government transfers 1933 WETH

The unrealized losses of the cryptocurrency ecosystem have recently climbed to approximately $350 billion. Among them, Bitcoin has unrealized losses of approximately $85 billion. With multiple on chain indicators showing a comprehensive contraction in liquidity, the market may enter a high volatility mechanism in the coming weeks. （glassnode）

[US SEC Chairman: Cryptocurrency Working Group to Hold Roundtable on December 15] Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced that the Cryptocurrency Working Group will hold a roundtable on Monday, December 15, to discuss policy issues related to financial monitoring and privacy. The event will be held in person and live-streamed on the SEC's official website.

'Machi' deposited $100,000 into Hyperliquid one hour ago to supplement margin, lowering the liquidation price to $3,130. Additionally, 'Machi' increased their Ethereum long position again, bringing the current position to 5,300 ETH, with a position value of approximately $16.756 million. Earlier tonight, 'Machi's Ethereum long position was partially liquidated again, with a liquidation size of 1,200 ETH.

[The U.S. Bureau of Labor Statistics to Release December PPI Data on January 30] The U.S. Bureau of Labor Statistics announced on December 12 that it will release the U.S. December PPI data on January 30.

[JPMorgan Issues $50 Million Short-Term Bond on Solana Network] JPMorgan arranged, created, distributed, and settled a short-term bond for Galaxy Digital Holdings LP on the Solana blockchain. The $50 million U.S. commercial paper was purchased by Coinbase and asset management firm Franklin Templeton, paid using Circle-issued USDC stablecoin, with redemption payments also to be made in USDC.