Crypto Circle Insights December 13

- Congress pushes SEC to update rules to include cryptocurrencies in 401(k) retirement plans, continuing the policy direction of Trump's August executive order to expand alternative asset investment scope.

- Standard Chartered Bank expects gold to hit new highs in 2026, with an average annual price reaching $4488 per ounce.

Now let's look at market hotspots:

- Yesterday, the net outflow of the U.S. Bitcoin spot ETF was $77.5 million, and the net outflow of the Ethereum spot ETF was $42.3 million. The fear and greed index yesterday was 29.

- The director of "Ronin 47" was ruled to have misappropriated $11 million in production funds from Netflix for cryptocurrency speculation and luxury consumption, facing a maximum sentence of 90 years.

- Tom Lee pointed out that Strategy's $1.4 billion cash reserve can maintain dividends and avoid forced selling during BTC declines, compensating for past instances of its stock price being below net asset value.

- The total position value of the "BTC OG insider whale" exceeds $620 million, with an unrealized loss of $9 million.

Finally, let's look at industry dynamics:

- Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog have jointly formed a prediction market alliance to promote the standardization of prediction markets.

- Fortune reports that YouTube has allowed U.S. creators to receive payments via PayPal's PYUSD stablecoin.

- Binance announces it has obtained AML registration in Pakistan, taking a key step towards local full licensing and operations, and will gradually advance its VASP license application.

Today's summary:

Bitcoin continues to fluctuate around the $90,000 range, currently focused on observation, with plans to gradually position itself once it breaks below $80,000.