24-Hour Hot Cryptocurrencies and News | Fed's Williams: Slowing Job Growth and Easing Inflation Risks Support Fed Rate Cuts; Fed Governor Milan: May Remain in Office After Term Expiries at the End of January Until Successor is Confirmed (December 16)
- 核心观点：加密市场整体疲软，但机构布局与监管发展持续推进。
- 关键要素：
- 主流币种普跌，比特币跌破8.7万美元。
- 摩根大通、HashKey等机构积极布局代币化资产。
- 日本、不丹等国推进稳定币及数字资产战略。
- 市场影响：短期承压，长期机构化与合规化趋势不变。
- 时效性标注：短期影响。
1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: -2.82%
- ETH: -3.88%
- SOL: -3.01%
- MET: -0.59%
- BNB: -3.11%
- ASTER: -14.99%
- DOGE: -4.21%
- XRP: -4.64%
- ZEC: -1.98%
- XPL: -14.19%
24-hour gainers list (data source: OKX):
- DGB: +15.1%
- NFT: +10.27%
- PARTI: +8.22%
- RIO: +5.19%
- 2Z: +3.92%
- KITE: +3.49%
- NIGHT: +3.4%
- AAVE: +3.33%
- ALLO: +3.2%
- IOTA: +2.12%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- GME: +3.96%
- LLY: +3.55%
- TSLA: +2.75%
- SQQQ: +2.54%
- PFE: +2.05%
- RTX: +1.99%
- ABBV: +1.85%
- BRK: +1.34%
- AMAT: +0.73%
- NVDA: +0.43%
2. Top 5 trending on-chain memes (data source: GMGN ):
- pippin
- jellyjelly
- BARRON
- SLOP
- ELON
Headlines
Fed's Williams: Slowing job growth and easing inflation risks support Fed rate cuts
Federal Reserve Bank of New York's John Williams stated that a cooling labor market and easing inflation risks justified the Fed's decision to cut interest rates last week. This was Williams' first public comment on last week's rate cut. He said he is increasingly convinced that price increases will continue to slow. Williams stated that inflation is "temporarily hovering" above the Fed's target, but he believes it is likely to continue to decline as the effects of tariffs are absorbed by the broader economy next year. At the same time, he noted that while the employment situation has not deteriorated sharply, it is gradually cooling, as reflected in official data and consumer and business surveys. Williams stated that, taken together, these changes in pressure on the Fed's two main economic goals supported last week's rate cut decision.
Federal Reserve Governor Jerome Milan indicated he is likely to remain in his post after his term expires at the end of January, until a new governor is confirmed to fill his vacancy. Milan's plan to remain on the board comes as President Trump considers candidates to succeed Fed Chair Jerome Powell, who will step down in May. Since Powell has not yet indicated whether he will resign after his term ends, Trump is expected to use Milan's seat to place his nominee on the board. Trump has hinted at a possible decision on the chair by early next year and has made it clear he will only choose someone who supports his stance on significant interest rate cuts. "I expect to continue in this role until someone else is confirmed to succeed me," Milan said on Monday. However, Milan stated that whether he will continue to dissent on interest rate decisions in the future will depend on subsequent policy actions by officials.
According to Kalshi Markets data, Kevin Warsh's probability of being elected Federal Reserve Chairman has surpassed that of Kevin Hassett, with Warsh currently holding a 49% chance and Hassett a 48% chance. Another candidate, Christopher Waller, has a 4% approval rating. Previously, Hassett's Fed candidacy faced obstacles due to his relationship with Trump, raising concerns about the Fed's independence. Against this backdrop of concerns, Warsh's support has risen, and the market has reacted quickly.
BitMine's average cost was $3,906, and it currently has a paper loss of $3.019 billion.
According to on-chain analyst Ember, Ethereum treasury company BitMine (BMNR) increased its holdings by 102,259 ETH ($325 million) last week at a price of approximately $3,182. They now hold a total of 3,967,210 ETH ($12.476 billion), with an average cost of $3,906, resulting in a paper loss of $3.019 billion.
Bitcoin treasury firm Strategy (MSTR) added 10,645 BTC ($980 million) last week at a price of $92,098. They now hold a total of 671,268 BTC ($59.944 billion), with an average cost of $74,972 and a paper profit of $9.618 billion.
Industry News
HashKey Holdings Ltd., Hong Kong’s largest licensed cryptocurrency exchange operator, has priced its initial public offering (IPO) at the high end of its market-promoted price range.
HashKey Holdings Ltd. sold 240.6 million shares at HK$6.68 per share, raising HK$1.6 billion (approximately US$206 million) in its Hong Kong IPO. The offering price range for the shares was HK$5.95 to HK$6.95 per share. HashKey did not exercise its option to increase the size of the transaction. The top 20 institutional entities received approximately 80% of the shares allocated to institutional investors (excluding cornerstone investors). HashKey's shares are scheduled to debut on Wednesday, with JPMorgan Chase & Co. and Guotai Junan Securities acting as joint sponsors for the IPO.
SBI Holdings and Startale plan to launch a regulated yen stablecoin in the second quarter of 2026.
Japanese financial group SBI Holdings and Web3 infrastructure company Startale Group have signed a memorandum of understanding (MoU) to develop a fully regulated yen-denominated stablecoin, targeting the tokenized asset market and global settlement.
According to the memorandum of understanding, the project will be issued and redeemed by Shinsei Trust & Banking, a wholly-owned subsidiary of SBI Shinsei Bank, while the circulation of the stablecoin will be supported by SBI VC Trade, a licensed cryptocurrency trading service provider.
Yoshitaka Kitao, Representative Director, Chairman and President of SBI Holdings, stated that issuing a yen stablecoin with Startale will serve as the foundation for Japan's transition to a token economy.
The stablecoin is expected to launch in the second quarter of 2026, with the exact timing depending on regulatory approvals and the completion of the compliance framework. This move comes as Japan accelerates the issuance of stablecoins under a clear regulatory framework, placing trust banks and licensed entities at the center of the on-chain settlement infrastructure.
According to Lookonchain monitoring, since the market crash on October 11, Machi Dage's account has been liquidated 200 times, with total losses exceeding $22.88 million. His current account balance is only $53,178.
Anchorage Digital acquires cryptocurrency platform Securitize For Advisors
Crypto bank Anchorage Digital announced it has acquired Securitize For Advisors, a cryptocurrency platform for Registered Investment Advisors (RIAs), from Securitize. Specific details of the transaction were not disclosed. Anchorage Digital Bank currently manages 99% of Securitize For Advisors' client assets.
Crypto fund C1 Fund discloses it has purchased shares in Consensys.
Crypto fund C1 Fund announced that it has acquired a stake in Consensys, an Ethereum ecosystem infrastructure provider and the parent company of the self-custodied crypto wallet MetaMask. However, it has not yet disclosed the specific purchase amount or stake percentage. It is understood that C1 Fund previously announced a $60 million IPO to increase its investment in the digital asset technology sector and has also acquired stakes in Ripple and Chainalysis.
According to the Wall Street Journal, JPMorgan Chase will launch its first tokenized money market fund, a private equity fund that will run on the Ethereum blockchain and be open to accredited investors. JPMorgan Chase will inject $100 million of its own capital into the fund as seed funding.
Project News
CIRCLE acquires Interop Labs, including the Axelar development team.
Circle announced on its X platform that it has signed an agreement to bring the Interop Labs team—the initial developers of the leading interoperability stack Axelar—into Circle to accelerate a new chapter in multi-chain infrastructure for Arc and CCTP. Circle looks forward to welcoming the new team members after the transaction is completed.
Axelar Network, Axelar Foundation, and AXL tokens are not included in this acquisition and will continue to operate independently under community governance, with CommonPrefix leading network development.
Sky Protocol spent 1.9 million USDS last week to buy back 34.1 million SKY tokens.
According to official sources, Sky Protocol disclosed that it spent 1.9 million USDS last week to repurchase 34.1 million SKY tokens, averaging 270,000 USDS per day for token buybacks. Since the buyback program began in February 2025, Sky Protocol has spent over 92 million USDS on token buybacks, representing 5.55% of the total supply.
Following the rejection of stablecoin issuer Tether's €1.1 billion takeover bid, Juventus' stock price rose 14%, but the price of Juventus' fan coin JUV initially fell by more than 13%. Coingecko data shows that JUV is currently trading at approximately $0.73, with the 24-hour decline temporarily narrowing to 9.7%. It is understood that despite the rejection of Tether's takeover offer, it remains Juventus' second-largest shareholder, holding 11.53% of the club's shares.
CME Group launches XRP and SOL futures contracts based on spot prices.
CME Group announced the launch of XRP and SOL futures contracts based on spot prices, complementing existing spot-priced Bitcoin and Ethereum futures contracts. Both contracts are available for cross-market trading with the four major U.S. stock index futures, including the S&P 500, Nasdaq 100, Russell 2000, and Dow Jones Industrial Average.
MANTRA plans to split its tokens and change its code on January 19th next year.
Layer 1 blockchain MANTRA announced on the X platform that it plans to change the token code of OM token to MANTRA token and perform a 1:4 token split on January 19, 2026. The target block is 11,888,888, and the split ratio is 1 OM to 4 MANTRA. OM holders on the MANTRA chain do not need to take any action.
Investment and Financing
MetYa completes latest round of $50 million in joint financing.
MetYa announced the completion of its latest $50 million syndicated financing round. Investors in this round included United Century United Holdings Limited Group (1959.HK), Castrum Capital, and other institutions such as Alpha Capital, M2M Capital, and Vertex Capital. According to the disclosed information, the investment structure was as follows: United Century United Holdings Limited Group $40 million, Castrum Capital $5 million, Alpha Capital $1 million, M2M Capital $1 million, and Vertex Capital $3 million. The funds will be used to advance MetYa's product development and ecosystem building as a global asset servicing platform, with a focus on social networking, payments, AI-powered quantitative investment, and global asset liquidity connectivity.
Regulatory Trends
Bhutan has signed a multi-year memorandum of understanding with cryptocurrency market maker Cumberland DRW to collaborate on building digital asset infrastructure in Gelephu Mindfulness City.
Under the cooperation agreement, Cumberland will support Bitcoin reserve management in Bhutan, establishing an office in Greppu and employing local talent. The two parties will also explore building a national-level digital asset ecosystem, including a modern financial framework, sustainable mining, AI computing, yield generation, and stablecoin infrastructure.
Character voices
Grayscale: Quantum computing is unlikely to impact cryptocurrency prices in 2026.
In its latest "Digital Asset Outlook 2026" report, Grayscale stated that while quantum computing presents long-term security challenges, it will have little impact on cryptocurrency market prices in 2026, calling it a "false alarm" for the coming year. The asset management firm believes the quantum threat is real, but unlikely to affect the cryptocurrency market or valuations in the short term. The report cites estimates that quantum systems capable of breaking Bitcoin's cryptography could emerge as early as 2030. Grayscale analysts noted that research and preparation for post-quantum cryptography will continue, but this issue is unlikely to affect valuations in the coming year.
A recent report from Bitfinex Alpha indicates that 2026 will be the year of liquidity, with Bitcoin's price movements increasingly influenced by demand-side factors and macroeconomic conditions, rather than solely by its mechanical scarcity—a shift particularly evident in 2025. The significantly smaller declines in Bitcoin since 2024 reflect a market now dominated by patient, long-term capital rather than speculative retail funds. Liquidity will increasingly become a major driver of Bitcoin's performance in 2026, and institutional investor acceptance of cryptocurrencies continues to deepen, with cryptocurrency ETP assets under management (AUM) projected to exceed $400 billion by the end of 2026.
Analysis: Bitcoin falls below $87,000, exacerbating the weakness in the crypto market.
The cryptocurrency market started the week lower, with weakness intensifying. Bitcoin fell back to the $86,800 range, and Ethereum dropped to $3,000. Price action continued a clear pattern: cryptocurrencies underperformed significantly during US trading hours compared to other times of the day. Cryptocurrency-related stocks were also hit, with Strategy and Circle both down 7%. Coinbase fell over 5%, while cryptocurrency mining companies CLSK, HUT, and WULF saw their shares plummet by more than 10%. As the US government gradually resumes operations after a prolonged shutdown, the Bureau of Labor Statistics will release its October and November employment reports this week. These data will be closely watched to help determine whether the Federal Reserve will continue cutting interest rates in early 2026.
10x Research published an article on its X platform stating that Bitcoin has undoubtedly entered a bear market. The firm stated that it has been writing analysis reports on this bear market since October 22nd.
On-chain metrics, capital flows, and market structure all point to the early stages of a broader downtrend. 10x Research notes that while some investors struggle to profit in bull markets, others are able to capitalize on bear markets by adjusting their strategies. Every bear market eventually gives way to a new bull market cycle, during which cyclical opportunities emerge that are worth exploiting.
