[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%.

[US SEC Chairman Atkins Plans to Launch Crypto Innovation Exemption Framework and Advance Regulatory Agenda by Late January] Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated when discussing the key focus of cryptocurrency policy for the new year that 'the best is yet to come,' and the preparations made by the agency will yield results at that time. Atkins revealed that one of the top priorities for the new year is the 'innovation exemption' for crypto and fintech projects, a conditional regulatory relief framework aimed at reducing compliance costs, which is planned to be officially launched around late January. Regarding token classification and the jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission (CFTC), he mentioned that attention will be given to legislative outcomes from Congress. Currently, the Senate is pushing related bills through the Banking Committee for review, but progress in negotiations has been hindered.

[Tom Lee and Bitmine Hold $12.83 Billion Worth of ETH] Treasury Edge data shows that Tom Lee and Bitmine currently hold $12.83 billion worth of ETH.

[Ethena Labs withdraws 1.59 billion ENA worth approximately $443 million from Coinbase Prime] Ethena Labs withdrew 1.59 billion ENA from Coinbase Prime, valued at $443.33 million.