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The recent decline in bitcoin prices is primarily driven by expectations of a rate hike by the Bank of Japan, uncertainty regarding the US Federal Reserve's rate cut trajectory, and systemic de-risking by market participants. Japan's potential rate hike may trigger the unwinding of global arbitrage trades, leading to a sell-off in risk assets. At the same time, increased uncertainty over US rate cuts has intensified market volatility. In addition, selling by long-term holders, miners, and market makers has further amplified the price drop. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The crypto industry is replacing Wall Street's privileged status within the American right-wing camp.
The market is transitioning from an emotion-driven cycle of speculation to a phase of structural differentiation driven by regulatory channels, long-term capital, and fundamental-based pricing.
The market is down again, but this may not be a good buying opportunity this time.
SCOR announced today a major strategic partnership with creative director, cultural icon, and CLOT founder Edison Chen.
- 06:59Tom Lee: The crypto market has 200 times its current potential, and the best times are yet to comeJinse Finance reported, citing CNBC, that Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in an interview: "The best times in the cryptocurrency sector have yet to come. Currently, there are only 4 million bitcoin wallets holding more than $10,000 worth of BTC, while globally there are 900 million retirement and brokerage accounts, each with about $10,000. This means the market potential for cryptocurrency is 200 times what it is now. I think there were indeed some concerns about quantum computing in the past, and there was also a large-scale deleveraging event on October 11, but from a fundamental perspective, this year is ending at a very high level. The US government has already passed legislation and regulations favorable to cryptocurrency, and Wall Street has shown strong interest in building financial products on the blockchain, so the future direction and outlook are very clear, with high visibility, but token prices remain uncertain."
- 06:59Solana: Frequent DDoS Attacks in the Past Week, but No Impact on Network PerformanceJinse Finance reported that Solana officially stated that over the past week, Solana has been subjected to ongoing DDoS attacks, ranking as the fourth largest in the history of any distributed system. As of now, this attack has not caused any impact on Solana's network performance. Solana was designed with the goal of surviving even under such extreme circumstances.
- 06:52A whale closed an ETH long position at a loss, losing $4.86 million, and has withdrawn all remaining funds from the account.BlockBeats News, December 16, according to Onchain Lens monitoring, a whale who previously lost $3.34 million going long on ETH and then reopened an 8x leveraged long position on ETH has now fully closed out, incurring an additional loss of $1.23 million this time. Overall, this whale has accumulated a total loss of $4.86 million and has withdrawn all remaining funds from Hyperliquid.