1. Grayscale Related Data
According to Farside Investors data:
- Yesterday, Grayscale GBTC had a net inflow of $20.1 million, with BTC net inflow of $15.7 million.
- Grayscale ETHE had a net outflow of $2.3 million, with ETH net inflow of $13.4 million.

2. Tesla and U.S. Tech Stocks Dynamics
- Tesla (TSLA.O) stock price broke through the peak of $414.49 reached in November 2021, setting a new historical high, with an intraday increase of about 3.4%. Musk became the world's first person with a net worth exceeding $400 billion, an impressive achievement.
- The Nasdaq continued to rise, first reaching 20,000 points, setting a new historical high, with a cumulative increase of over 33% this year. U.S. tech stocks showed a broad increase, with Tesla, Google, Apple, Amazon, Meta, and Netflix all reaching intra-day historical highs.

3. Microstrategy Related Analysis
CryptoQuant CEO Ki Young Ju posted on X platform stating: Microstrategy (MSTR) does not have a bubble. As the company continues to accumulate BTC, its Bitcoin holding premium has dropped from 240% to 99% within four weeks. If NAV (net asset value) and BTC premium are balanced at the time of purchase, both MSTR and BTC prices can steadily rise.

4. Market Highlights
December 12, according to HTX market data:
- #BB briefly broke through $0.42, with a 24-hour increase of 25%.
- #SCR rose and broke through $1.2, with a 24-hour increase of 29.4%.

5. Web3 Game News
According to Gamebeat reports:
- Arbitrum Foundation and Ubisoft announced that a Web3 shooting game (Captain Laserhawk: The GAME) will debut on December 18.
- To prepare for the game's release, the two teams collaborated with Magic Eden to launch the Niji Warrior series NFTs for the game, which went live today as free mints. This dynamic NFT grants exclusive game privileges, including early access rights, and empowers players to influence game development.

6. On-chain Data Statistics
- Since November 6, Tether has minted a total of 20 billion USDT on the Tron and Ethereum networks.
- According to Onchain Lens monitoring, an Alameda Research affiliated address transferred 3.36 million FTT to Binance on the 11th, worth approximately $11 million. Among them, 1 million were transferred to a Binance deposit address suspected to belong to Mirana Ventures.
- According to OnchainLens monitoring, a whale fell victim to a scam, losing 80.71 SolvBTC, worth about $7.8 million, stemming from a fraudulent transaction.
- According to Spot on Chain monitoring, the price of TAI has risen 24% in the past 15 hours, reaching a historic high of $0.428. Amid the sharp price surge, two new addresses accumulated 9.09 million #TAI (approximately $3.62 million).

7. Liquidation Data
Coinglass data shows: In the past 24 hours, the total liquidation across the network was $254 million, including $99.57 million in long positions and $154 million in short positions. Bitcoin liquidations amounted to $59.50 million, while Ethereum liquidations were $37.69 million.

8. USDC Minting Situation
According to Whale Alert monitoring, starting from 1:11 PM today, the USDC Treasury minted USDC in four transactions on the Ethereum chain, totaling 56,200,647 USDC, 53,000,000 USDC, 50,000,000 USDC, and 54,195,574 USDC, amounting to a total of 213,396,221 USDC.

9. Related Events with the U.S. SEC
Due to the digital asset industry's opposition to U.S. SEC Commissioner Caroline Crenshaw's anti-cryptocurrency stance, the vote for her renomination is currently pending. A person familiar with the Crenshaw nomination process stated that the voting results are 'to be determined.' The vote was originally scheduled for Wednesday as part of the U.S. Senate Banking Committee hearing.

10. Coinbase Market Analysis
According to CryptoQuant analyst mignolet: Based on current market data, Coinbase's BTC spot market performance is sluggish. Before the BTC price surged in September and October, Coinbase's dominance in the BTC spot market actually declined, and there hasn't been a significant increase even now.

11. Google Technology Progress
On the evening of December 11, Google, which just released its quantum chip, officially announced its latest large model Gemini 2.0 series. Google stated that this is their most powerful artificial intelligence model to date, 'designed for the era of agents,' and introduced several AI agent applications. For the Gemini 2.0 model, Google indicated that it would first be opened to developers and trusted testers, and will be integrated into products. Gemini 2.0 is built on Google's custom sixth-generation TPU Trillium hardware. Google stated that the TPU provides 100% computing power support for the training and inference of Gemini 2.0.