Project:
NFT brand Pudgy Penguins announces the issuance of PENGU tokens
DeFi L2 network Mode announces the launch of subnet Synth on Bittensor (TAO)
L2 project Blast community proposes using $36 million annual returns to repurchase BLAST tokens
Ethereum's market value surpasses Tencent, rising to 27th place in global asset market value ranking
M3M3 new mechanisms attract attention, Solana continues to showcase rapid actions
Vana mainnet and token economy are about to launch, reshaping the internet AI data trading model
Vitalik's ideal wallet vision: an all-encompassing upgrade from cross-chain experience to privacy protection
20 predictions for 2025: a panoramic view of Web3 from scalability to privacy
What projects have the appointed cryptocurrency leaders of the former president invested in?
In the DeAI boom, is EMC a value pit in this bull market?
Data:
U.S. Bitcoin spot ETF sees a cumulative net inflow of $2.7297 billion this week
Bitcoin quarterly options as of December 5 show a call option open interest of $5.03 billion and a put option open interest of $3.43 billion
U.S. Ethereum spot ETF sees a cumulative net inflow of $836.8 million this week
Big names:
Former president posts to celebrate Bitcoin breaking $100,000
Analysts: Ethereum's current trend is similar to 2016-2017 and may see explosive growth, with VentureFounder's ETH price target reaching $15,937 by May 2025;
Standard Chartered: Bitcoin reaching $200,000 by the end of 2025 is achievable
Glassnode co-founder predicts downturn in advance: BFI weakening is usually an early warning signal for BTC
DWF Labs co-founder: AI agents and DeSci may become the next market hotspots
The Salvadoran government invests in 1 BTC daily, with holdings now valued at over $600 million
Some U.S. states may lead in establishing Bitcoin reserves: Florida is taking steps to establish its reserves as early as Q1 2025. Pennsylvania is also drafting a strategic Bitcoin reserve bill proposed in November. The proposal may require the state to invest 10% of its general fund in Bitcoin. States like Michigan and Wisconsin are choosing to invest in Bitcoin-related ETFs and trusts.
A16Z releases the 2025 Big Idea list: the cryptocurrency industry enters a golden age, AI and biotechnology will disrupt traditional sectors
Next week's macro big nodes:
From December 9 to 10, the Middle East Abu Dhabi Bitcoin summit, where Middle Eastern tycoons may confirm their sovereign fund's allocation plans for crypto
Microsoft will vote on whether to invest in Bitcoin at the shareholder meeting on December 10 (Tuesday)
Wednesday (December 11):
U.S. November CPI data released
Thursday (December 12):
European Central Bank interest rate decision, European Central Bank Lagarde press conference
Shang believes that in the face of such potential large-scale buying, any guess based on indicators and data is path-dependent; rather than making arbitrary gestures, it is better to wait for events to unfold.
Geopolitics:
December 8, 19:35
[Russian Foreign Ministry: Syrian President Assad has resigned], the Russian Foreign Ministry announced that Syrian President Assad has resigned after negotiating with representatives of various parties in the Syrian conflict and instructed the Syrian government to peacefully transfer power; Russia did not participate in the negotiations. (CCTV)
Regulation:
Fox News: SEC rejects two applications for spot SOL ETFs, suspends approval of new crypto ETFs
Former president officially nominates Paul Atkins for SEC leadership
Former president appoints David Sacks as head of the cryptocurrency sector
Market situation:
Market sentiment indicates an increase to 91%, a significant rise from last week's 83%, with market sentiment in an extreme greed phase
Bitcoin breaks through $100,000, surging to $104,088, aligning with Shang's expectation of a boiling point near $105,000;
Different sectors of the market have rotated once; if the sector you hold hasn't risen, it's highly likely that it's garbage being stuffed into your pocket!
On December 8, Old Gold Dog once again seemed to be lacking in energy;
On-chain data and charts are both warning of Bitcoin's pullback, and it has reached the moment where everyone is shouting for a pullback; however, Bitcoin remains strong: high consolidation, simply not dropping;
Based on market supply and demand, we still need to wait for the sovereign funds of Middle Eastern tycoons to confirm their strategic allocation intentions for Bitcoin, as well as Microsoft's Bitcoin investment plans; certainly, this is a pricing factor that cannot be quantified in advance by any experience or indicators.
If a phased pullback occurs, 8.56 —9W has certain support and may become a stabilization point;
Altcoins:
U.S. principles, returns won't be bad;
Time machine rule: If you missed the first bite, a bunch of latecomers might have a chance.
Various pricing expectations around regulations and upgrades drive violent performances of numerous assets
The above information is for communication purposes only; invest at your own risk!
