Friends, the roller coaster of the 2025 cryptocurrency market: from a peak of 5 trillion yuan to a painful loss of 1 trillion yuan, BTC ATH 126k has exploded by 2 billion yuan, and the Bybit hacker tragedy of 150 million yuan. Ethereum Pectra upgrade, ETH 4955 ATH, DeFi TVL worth billions. Solana ETF goes live with 420 ATH, but hackers and inflation are holding back. Quick overview of major events: Meme frenzy: $TRUMP/$MELANIA crashes after a hundred times, Libra rug 90%。 Hacker Storm: Bybit 150 million, half year loss of 2.17 billion. Regulatory benefits: GENIUS/CLARITY Act, SEC settles with Ripple, XRP breaks 4. Meituan BTC/ETH, institutions increase their holdings. Narrative Rotation: AI/DeFi/ERP DEX/Privacy Prediction Market. Institutional harvest: ETF 50 billion, RWA 100 billion, with many retail investors experiencing overstocking. Lesson: Control risks, don't FOMO. 2026 deduction: Federal Reserve cuts interest rates, BTC 200k-350k，ETH 8k-18k， The total market value is 8-10 trillion yuan. Retail investors' career path: laying out regulatory friendly chains, DeFi robust protocols, AI agents+privacy coins. Manage leverage well and hold for the long term! Risk Warning: The above content is based solely on market information and does not constitute investment advice.

According to the popularity ranking, LIT's popularity has increased by 30000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① LIT （$9.65，14.07%） ② BEAT （$1.80，-37.50%） ③ ZEC （$447.73，9.28%） ④ ACT （$0.03945，1.89%） ⑤ ETH （$2928.76，0.19%） The buying power of LIT's main funds is average, with a net inflow of $363.10 within 24 hours and a transaction volume of $173500 within 24 hours, of which the main funds have a net inflow of $0.00.

[USDC Treasury Mints 60 Million USDC on Ethereum] According to Whale Alert data monitoring, USDC Treasury has minted 60 million USDC on the Ethereum blockchain.

[Trend Research Holds 645,000 ETH with an Unrealized Loss of $242 Million] On-chain data shows that the institution suspected to be under Yi Lihua, Trend Research, has started a new round of Ethereum accumulation since early November. It currently holds approximately 645,000 ETH (around $2.1 billion), making it the third-largest Ethereum holding entity after Bitmine and SharpLink. Its average purchase price is $3,299.43, with an unrealized loss of about $242 million. If the 'additional $1 billion purchase' plan is implemented, Trend Research is expected to become the second-largest Ethereum holding entity. The main accumulation occurred in November, accounting for over 88% and involving at least seven major addresses.

[Trump to Select New Federal Reserve Chair Early Next Year, Besent Pushes for Increased Treasury Influence] U.S. President Trump stated that the next Federal Reserve Chair will be selected in early January next year. U.S. Treasury Secretary Scott Besent organized and oversaw the candidate selection process and established an agenda that could bring comprehensive changes to the Federal Reserve while advocating for interest rate cuts. Besent may collaborate with the new Federal Reserve Chair, with the Treasury potentially gaining greater influence over the Federal Reserve's asset operations in quantitative easing and quantitative tightening.