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BlockBeats News, December 23, according to The Block, bitcoin treasury company Strategy announced on Monday that it has raised approximately $748 million through the sale of common stock, increasing its US dollar cash reserves to $2.19 billion. TD Securities, a subsidiary of investment bank TD Cowen, pointed out that the expanded cash reserves are sufficient to cover about 32 months of the company's interest and dividend payments, helping Strategy maintain stable operations in a more challenging market environment. TD Securities analyst Lance Vitanza stated: "This move highlights the strength of the company's balance sheet, and even in a prolonged 'crypto winter' scenario, it should alleviate concerns about its ability to continue as a going concern. We believe that enhancing liquidity during periods of stress is always a wise decision, and all stakeholders of Strategy will significantly benefit from these actions." TD Securities reiterated its "Buy" rating on Strategy and maintained its 12-month target price of $500. Strategy's current share price is around $165, having fallen more than 43% year-to-date.

BlockBeats news, on December 23, according to statistics from Ash (@ahboyash), among the 118 new tokens with TGE in 2025, 84.7% (100/118) have a FDV lower than at the time of TGE. This means that for every 5 newly issued tokens, about 4 currently have a FDV below their initial valuation at issuance. The median FDV of these tokens has dropped by 71% compared to the time of issuance (the median market cap has dropped by 67%). Only 15% of the tokens have seen an increase in FDV compared to the time of TGE. Among the worst performers, there are 15 tokens that have dropped by more than 90%, including some high-profile projects such as Berachain (-93%), Animecoin (-94%), and Bio Protocol (-93%). Overall, the total FDV of this batch of tokens has shrunk from $139 billion at listing to the current $54 billion, which means that about $87 billion (59%) of the "on-paper" FDV has evaporated (this calculation does not include projects that have gone to zero). There are also outstanding performers, most of which were issued in the second half of 2025 with relatively low initial valuations, including Aster (+745%), Yooldo Games (+538%), and Humanity (+323%).

BlockBeats News, December 23, according to CNBC, sources familiar with the matter revealed that U.S. President Trump may appoint a new Federal Reserve Chair in the first week of January next year.