Paris Saint Germain: Buying and holding Bitcoin

SEC Chairman Paul Atkins elaborated on which types of token sales do not fall within the scope of securities issuance. （Decrypt）

Solana's realized profit to loss ratio (30D-SMA) has been below 1 since mid November. This data means that the realized losses currently exceed the realized profits. This indicates that liquidity has shrunk back to the levels typically seen in deep bear markets. （glassnode）

[RWA Tokenization Network Real Finance Secures $29 Million in Private Round Financing] RWA tokenization network Real Finance announced it has secured $29 million in private round financing to build the RWA infrastructure layer. Digital asset investment firm Nimbus Capital has committed $25 million, with Magnus Capital and Frekaz Group also participating. The funds will be used to expand compliance and operational infrastructure to develop a full-stack RWA platform. The company's short-term goal is to tokenize $500 million worth of RWA assets. Currently, the RWA market is primarily dominated by U.S. Treasury products and private credit. Industry experts predict that as the regulatory environment becomes clearer, the market could see stronger growth in the coming year.

[JPMorgan: Bitcoin Pullback is Significant but Not Bearish, Bull Market Cycle Not Over] JPMorgan analysts stated that although Bitcoin briefly dropped to $81,000 last month, this does not indicate structural deterioration, and the market has not entered a 'crypto winter.' The overall bull market cycle is still ongoing. As of Tuesday, Bitcoin was trading around $93,000. The team believes that the over 20% decline in market value and weakening trading volume after the election are normal adjustments, and the scale of stablecoins has been growing for 17 consecutive months. ETF investors are bringing a more stable funding structure, making an 80% level deep retracement increasingly unlikely. Standard Chartered Bank also stated that 'crypto winter may already be a thing of the past.'

[U.S. Stock Market Closes with Nasdaq Slightly Up, Crypto Concept Stock BNC Rises Over 10.6%] At the close of the U.S. stock market, the Dow Jones Industrial Average fell 0.38%, the S&P 500 Index fell 0.09%, and the Nasdaq rose 0.13%. Crypto concept stocks were mixed, with BNC up over 10.6%, BMNR up over 9.4%, and ALTS up over 7.9%.