A certain whale cleared its inventory of ALON, which it invested 1.53 million US dollars to purchase, resulting in a loss of 93.2 US dollars

[A whale bought 5,104 ETH 30 minutes ago] According to monitoring by Lookonchain, a whale bought 5,104 ETH 30 minutes ago, worth $16.09 million. Since December 3, the whale has accumulated a total purchase of 51,374 ETH, with a total value of approximately $159.76 million and an average price of $3,110.

US Senator Cynthia Loomis urges Congress to pass legislation on the structure of the cryptocurrency market as soon as possible to regulate the development of the cryptocurrency industry. （Watcher.Guru）

[JPMorgan: Growing Appeal of Stablecoins as Investors Seek Friendly Regulatory Environments] JPMorgan stated in its '2026 Outlook' that the cryptocurrency market capitalization has exceeded $4 trillion, compared to just $2 trillion at the beginning of 2024. Investors are seeking more favorable regulatory environments, particularly in the United States. Stablecoins are gaining appeal in the financial services industry. Despite rapid growth in transaction volumes, approximately $70 billion in payments have been completed through stablecoin systems. JPMorgan believes that digital assets are receiving increased attention, partly due to the exploration of alternatives to the U.S. dollar.

[Fidelity Outlook 2026: More Countries May Include Bitcoin in Reserves] Chris Kuiper, Vice President of Research at Fidelity Digital Assets, stated in the '2026 Crypto Market Outlook' that, based on game theory principles, more countries may purchase Bitcoin and include it in their foreign exchange reserves in the future, potentially increasing pressure for other countries to follow suit. Corporate purchases of crypto assets may boost prices, but the risk of sell-offs during bear markets should be monitored. Kuiper believes the four-year cycle has not completely disappeared, and cycle predictions may only become clear by late 2026. He noted that the crypto market is entering a new paradigm, with the trend of traditional fund managers and investors entering the space likely to continue.

**[Coinbase Predicts the Crypto Market Will Enter the DAT 2.0 Model by 2026]** David Duong, Head of Research at Coinbase, stated in the "2026 Market Outlook Report" that the resilience of the U.S. economy and improvements in labor productivity will help cushion the slowdown in economic growth. He predicts that the crypto market in the first half of 2026 will resemble "1996" more than "1999." The report forecasts that DAT will enter the 2.0 model in 2026, focusing on professional trading and storage in sovereign blockchain spaces, with token economies shifting toward revenue-linked models. Zero-knowledge proofs and fully homomorphic encryption technologies will continue to develop, leading to a significant increase in on-chain privacy usage. The report also anticipates an expansion in prediction market trading volume by 2026, with changes in U.S. tax policies potentially driving users toward the derivatives market. The total market capitalization of stablecoins is expected to reach $1.2 trillion by the end of 2028, with more application scenarios emerging in areas such as cross-border transaction settlements.