The US government currently holds $17.8 billion worth of cryptocurrency, and the specific asset types and sources have not been disclosed. （Cointelegraph）

[AAVE Whale Purchases 80,900 AAVE in Half a Month, Total Holdings Reach 333,000 AAVE] Analyst Yu Jin's monitoring shows that an AAVE whale was liquidated for 32,000 AAVE at a price of $101 during the market crash. Since November 24, the investor has re-entered the market. Over the course of half a month, the investor spent $14 million USDC to purchase 80,900 AAVE at an average price of $173. Currently, the whale holds a total of 333,000 AAVE (valued at approximately $62.59 million) through a cyclical loan strategy, with an average cost of $167 and a liquidation price of $117.7. Over the past two years, this whale has consistently accumulated AAVE tokens using a cyclical loan strategy.

Visa, a credit card giant with a market value of $16 trillion, has stated that every institution worldwide needs to develop a cryptocurrency strategy. （The Bitcoin Historian）

[Bitcoin Profitability Metric Drops to Two-Year Low, SOPR Ratio Falls to 1.35] On-chain analytics platform CryptoQuant pointed out that the Bitcoin SOPR ratio (LTH-SOPR / STH-SOPR) has dropped to 1.35, marking its lowest level since early 2024. This change coincides with Bitcoin's price retracing to the $89,700 level. A higher ratio typically indicates that long-term holders (LTH) are profiting more actively than short-term holders (STH). However, the current sharp drop in the ratio to 1.35 suggests a significant reduction in the large-scale distribution phase of older coins, narrowing the actual profit gap between seasoned holders and new entrants. Historical data shows that when the SOPR ratio falls to similar levels during a bull market cycle, it often signals that the sell-off is nearing its end.

[European Commission Proposes Expanding ESMA's Powers for Direct Regulation of Key Markets] The European Commission on Thursday unveiled a package of proposals to implement direct regulation over key market infrastructures, including crypto asset service providers, trading venues, and central counterparties under the European Securities and Markets Authority (ESMA). If the proposal is approved, ESMA's regulatory role in EU capital markets will become closer to the centralized framework of the U.S. Securities and Exchange Commission. This concept was proposed by European Central Bank President Christine Lagarde in 2023.