【Crypto World】December 13th, the US crypto policy circle is once again buzzing. Hedge fund giant Citadel Securities submitted a 13-page letter to the SEC, with a straightforward core demand: if DeFi protocols want to handle tokenized securities, they must be regulated and registered like traditional exchanges or brokerages.
As soon as the news broke, industry leaders in DeFi couldn't sit still. The DeFi Education Fund, a16z, Uniswap Foundation, Digital Chamber of Commerce, and lawyer J.W. Verret, among others, jointly responded, directly countering Citadel's argument as "baseless."
Where are the focuses of both sides? Citadel believes that if DeFi protocols handle tokenized securities trading, they essentially act as exchanges or brokerages and must comply with the same regulatory requirements—this logic seems sound. However, the industry’s response

The article discusses the dual nature of Bitcoin: on one hand, it is viewed as a speculative asset, while on the other hand, it may have practical value in extreme situations. There is disagreement within the industry regarding Bitcoin; some are skeptical, while others recognize its potential uses.

The Office of the Comptroller of the Currency (OCC) approved BitGo to upgrade to a national bank, allowing it to directly provide digital asset services to customers under federal law and simplify interstate compliance processes. This breakthrough marks a positive shift in U.S. regulatory authorities' attitude toward the digital asset industry, promoting official recognition of institutionalized and compliant services.

ADA's recent performance has drawn attention, with large investors continuing to accumulate while retail investors reduce their holdings. Analysts believe this is a bullish signal. Technical analysis shows solid support at $0.40, and with a market capitalization reaching $18 billion, the new ecosystem project Midnight is about to launch, providing momentum for a medium-term rebound.

【Crypto World】 Recently, the Office of the Comptroller of the Currency (OCC) in the United States granted conditional approval to Ripple, allowing it to establish a national trust bank. This is no small matter — it marks an important regulatory milestone for the entire industry.
Interestingly, Ripple CEO Brad Garlinghouse openly pointed out that traditional banks have been trying every means to delay the entry of cryptocurrencies into the regulated financial system. Obtaining this banking charter is equivalent to Ripple receiving a formal "ticket" to enter the U.S. banking industry.
More importantly, this means that Ripple's stablecoin RLUSD will be subject to dual regulation by the OCC and the New York State Department of Financial Services (NYDFS). This clarification of the regulatory framework will actually accelerate the promotion and application of stablecoins in the market.
This time, the OCC didn't approve just Ripple; in total

December 13th, the total liquidation amount across the entire network reached $184 million, with longs losing $182 million and shorts losing $3.27 million. In the past 24 hours, over 110,000 traders were forcibly liquidated, with total losses amounting to $395 million, indicating a sharp change in market sentiment, increased leverage risk, and the need for investors to pay attention to stop-losses.

【Crypto World】MNT recently performed brilliantly, with the price soaring over 10%. After successfully breaking below the $1.20 resistance level, it is now hovering around $1.26. This rebound is not without foundation — 24-hour trading volume has increased by 5% to $170 million, indicating a clear rise in market enthusiasm. More notably, the project's fundamentals are steadily improving, with total value locked (TVL) jumping from $385 million to over $430 million. This level of growth is enough to attract capital inflows.
The main factors supporting this rally include continued institutional interest, rising expectations for related ETFs, and recent ecological collaborations between MNT and a leading exchange and AI platform Almanak. These signals reflect a positive attitude towards the project's development.
However, while bulls are betting on the price potentially reaching $1.50 or even $2.00, market volatility and macroeconomic risks should not be overlooked.

【Bitcoin Push】Recent remarks by Fed Chair Powell have sent several important signals to the market.
What is her core concern? The labor market. In her own words: "My concerns about a softening labor market still outweigh the risks of inflation rising." In other words, wage pressures keep her more awake than inflation risks.
But this doesn't mean she will rush to cut interest rates further. Powell emphasized that current monetary policy remains somewhat restrictive. This is key — she is implying that the existing interest rate level, combined with the cumulative effects of past tightening, should be sufficient to help inflation gradually return to the 2% target.
Why is she relatively optimistic about inflation prospects next year? Mainly because the impact of tariffs will gradually subside. Her logic is: over time, the inflationary effects of tariffs will diminish, and inflation is likely to gradually decline.
Looking back, the Federal Reserve has already cut interest rates by 75 basis points.

[Blockchain Rhythm] Recently, I came across something quite interesting. A major crypto exchange platform's education initiative made a big move in remote islands of the Philippines — deploying satellite networks to connect 6 schools in Surigao Norte, Siquijor, and Davao del Norte with high-speed, stable internet.
The numbers may seem small, but the impact is truly profound. Over 7,300 students and more than 100 teachers finally say goodbye to days of relying on paper textbooks or intermittent internet connections. From another perspective, what does this mean for children in mountainous areas? It means they can access information at the same speed as urban students, online courses are no longer a luxury, and they can even access global educational resources.
Honestly, such initiatives are rare to see — it's not just PR stunts by big companies, nor empty talk about visions. They are real infrastructure deployments that genuinely change the learning environment for a group of children. This is

【ChainWen】The Federal Reserve announced a rate cut as expected, but the forward guidance hints that future policies are full of uncertainties, and market pricing has not yet fully reflected this. Meanwhile, signals of worsening the labor market and the Fed Chair's ambiguous statements indicate that the macro environment has undergone a fundamental change since the beginning of this year.
What is more noteworthy is the technical aspect. Bitcoin, since launching a new bull market, has fallen below a key long-term trend line for the first time—this often correlates with market volatility around mid-term elections in history. Interestingly, even as the Federal Reserve pushes for balance sheet expansion, liquidity in the crypto market has become tight, with retail trading activity noticeably insufficient. This suggests that political factors may have a greater influence on the market than investors had anticipated.
In the current environment, the importance of tactical deployment and risk control has been greatly elevated. According to market analysis at the end of October, a consolidation or even bear market could continue for a longer period, and investors need to prepare psychologically and...

Solana officially announces that the 2026 Breakpoint Summit will be held in London, UK for the first time, from November 15 to 17, with limited-time ticket discounts. This is the first time the event is held in Europe, attracting developers and investment institutions to focus on the latest developments in the Solana ecosystem.

A mysterious giant whale has increased its holdings of ETH and SOL after the flash crash in October, with a total value exceeding $600 million and an unrealized profit of over $13 million. The market is filled with speculation about its true intentions.