Ethereum adds a record 8.7 million new smart contracts in the fourth quarter

1. The minutes of the Federal Reserve's December meeting will be released tonight 2. Trump says US will explore buying Bitcoin 3. UK plans to implement regulatory framework for cryptocurrency assets by 2027 4. BlackRock transfers 657.962 BTC to Coinbase 5. Tether Casting $1 Billion USDT on TRON Network 6. Cypherpunk increased its holdings of 56418.09 ZECs, with a total warehouse holding of 1.76% of the circulating volume 7. Russia plans to impose criminal penalties on illegal cryptocurrency miners

[Tom Lee Analyzes Holiday Trading Period Crypto Market Dynamics] Tom Lee, co-founder of Fundstrat and chairman of BitMine, posted on the X platform, pointing out that the final holiday trading period of the year is typically marked by many institutional investors exiting the market. Algorithmic trading programs and bot trading programs begin to dominate the market, while tax-loss selling also impacts the market. These factors collectively shape the market dynamics during the last few days of December. BitMine previously disclosed that it had increased its holdings by 44,463 Ethereum last week and mentioned that year-end tax-loss selling tends to depress the prices of cryptocurrencies and related stocks, with the impact being particularly significant between December 26 and 30. Today's news reveals that BitMine has once again staked Ethereum worth 118,944 ETH and increased its holdings by 32,938 ETH.

[Probability of the Federal Reserve keeping interest rates unchanged in January next year is 85.1%] According to CME 'FedWatch' data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 14.9%, while the probability of keeping interest rates unchanged is 85.1%. By March next year, the cumulative probability of a 25 basis point rate cut is 45.2%, the probability of keeping rates unchanged is 48.3%, and the cumulative probability of a 50 basis point rate cut is 6.5%.

[Bitmine Stakes 118,944 ETH and Adds 32,938 ETH] According to Onchain Lens data, Bitmine has newly staked 118,944 ETH, valued at approximately $352.16 million, bringing its total staked amount to 461,504 ETH, with a total value of approximately $1.37 billion. Meanwhile, a newly created wallet received 32,938 ETH from FalconX, valued at approximately $97.8 million, and the wallet is suspected to belong to Bitmine.

The current price is around 2970, approaching the important resistance zone of 2973-2977. The trading volume in this area is dense and the buy sell ratio is bullish, indicating heavy selling pressure above. Combined with the KDJ dead cross signal displayed by membership indicators and the weakened momentum of MACD bar chart, the short-term upward space may be limited. From the perspective of chip structure, the range of 2933-2937 below forms strong support, and the buy sell ratio is close to equilibrium, indicating a strong consensus in the market within this range. However, the current trading volume continues to shrink, with a daily volume decrease of 18% over the past 20 days, indicating a low willingness to participate in the market. Activate membership immediately and accurately grasp key buying and selling signals! The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.