Author: Deep Tide TechFlow
Yesterday's Market Dynamics
BTC Drops Below $86,000 This Morning, ETH Falls Below $2,800
HTX market data shows that BTC dropped below $86,000 this morning and is currently trading at $86,132; ETH fell below $2,800 and is now at $2,831.
Waller: Job Market Indicates Fed Should Continue Cutting Rates
According to a report by Jinshi, Federal Reserve Governor Waller stated that inflation is above target but should decline in the coming months, and inflation expectations are well anchored. The current job market is very weak, and the existing job growth is not ideal; the job market indicates that the Fed should continue to cut interest rates.
Waller also mentioned that 2026 could be a better year for economic performance.
Coinbase Launches Stock Trading and Prediction Market Services
According to a report by CoinDesk, U.S.-listed cryptocurrency exchange Coinbase announced a major expansion of its platform's asset range during its System Update event on December 18th. The new services include stock trading, prediction markets, new cryptocurrencies, and perpetual futures, among others, aiming to solidify its market position as an "all-in-one exchange."
Coinbase will initially launch stock trading services for hundreds of stocks based on market capitalization and trading volume, with plans to add thousands more stocks and ETFs in the coming months. Users can enjoy zero-commission trading without the constraints of traditional market hours, trading 24 hours a day, five days a week. Additionally, Coinbase has partnered with prediction market provider Kalshi, valued at $11 billion, allowing users to trade on the outcomes of real-world events such as elections, sports, collectibles, and economic indicators.
Simultaneously, Coinbase also launched the AI-driven wealth management tool Coinbase Advisor and the business service Coinbase Business for startups, further expanding its business scope. Company executives stated that these new features will be supported by the Coinbase Tokenize platform, an end-to-end institutional-grade platform designed for tokenizing real-world assets.
Bloomberg: Binance Exploring Relaunch of Binance.US
According to a report by Bloomberg, Binance founder CZ is reasserting his influence in the crypto industry. As U.S. President Trump's stance on crypto assets becomes more friendly, CZ has frequently publicly affirmed related policies and signaled a positive outlook for the U.S. market.
Informed sources indicated that Binance has been exploring plans to relaunch Binance.US, including a possible recapitalization that would reduce CZ's controlling stake. The sources also mentioned that if Binance acquires part or all of CZ's shares, it could appoint new leadership, implement growth-oriented business strategies, and leverage its political connections in Washington.
Separately, informed sources revealed that Binance has been seeking closer cooperation with the world's largest asset management company, BlackRock.
Tether Launches Peer-to-Peer Password Manager PearPass
According to an official announcement, stable币 giant Tether has officially launched PearPass, a peer-to-peer (P2P) password manager designed to eliminate the risk of users' encrypted information being leaked via the cloud.
Tether stated that existing password management tools generally rely on cloud storage, and once cloud services are breached, users' sensitive data could be exposed. PearPass adopts a decentralized peer-to-peer architecture, not storing passwords in the cloud, thereby enhancing security and privacy. The official announcement noted that the product will first support mainstream browsers, with plans to expand to mobile and more platforms. This move reflects the crypto industry's continued focus on innovating user security tools.
SBI Ripple Asia to Launch XRP-Based Yield Product
According to a report by CoinDesk, Ripple's Asian venture SBI Ripple Asia announced the signing of a memorandum of understanding with Doppler Finance to launch an XRP-based yield product and explore real-world asset tokenization on the XRP Ledger. It is reported that SBI Digital Markets, regulated by the Monetary Authority of Singapore, has been designated as the institutional custodian for related products and will provide segregated custody services for client assets.
Hyper Foundation Proposes Permanent Burn of HYPE Tokens in Assistance Fund
Hyper Foundation has formally proposed a validator vote to confirm that the HYPE tokens in the Assistance Fund are considered burned, permanently removing these tokens from circulation and the total supply. The Assistance Fund, as part of the L1 execution, automatically converts transaction fees into HYPE through the system address 0xfefefefefefefefefefefefefefefefefefefefe. This address is similar to a zero address and has never had a private key; the funds within it cannot be retrieved without a hard fork.
A "Yes" vote means validators agree to treat the HYPE in the Assistance Fund as burned and commit to never authorizing any protocol upgrade that could access this address. Voting will take place on the governance forum before 04:00 UTC on December 21st. Users can stake to support validators aligned with their views before 04:00 UTC on December 24th. The final result will be based on the staking-weighted consensus as of that time.
Binance Wallet Introduces Web3 Loan On-Chain Lending Feature
According to an official announcement, Binance Wallet has launched a new Web3 Loan on-chain lending feature, allowing users to directly use existing assets as collateral within the Binance Wallet to borrow crypto assets, expanding the on-chain lending experience. This feature is implemented by integrating with the Venus protocol on the BNB Chain, enabling multi-asset collateral and borrowing. It currently supports collateral in mainstream assets including BTCB, ETH, USDT, USDC, FDUSD, WETH, and allows borrowing of USDT, USDC, and BNB. Binance Wallet stated that it will launch an exclusive Venus reward activity based on this lending feature. Users borrowing eligible assets can share a 400,000 USDT reward pool and enjoy preferential interest rates, aiming to enhance liquidity and yield potential for on-chain wealth management and lending services within the wallet.
He Yi: Offering Reward for Criminal Evidence Related to 'Listing Agent' Fraudsters
Binance Co-CEO He Yi posted a message offering a reward for criminal evidence related to fraudsters involved in 'listing agent' schemes.
Norwegian Sovereign Wealth Fund Supports All Management Proposals at Metaplanet Shareholder Meeting
According to Bitcoin Magazine citing a Bloomberg Automation summary, the Norwegian sovereign wealth fund management agency Norges Bank Investment Management (NBIM) has expressed support for several management proposals from Bitcoin treasury company Metaplanet and will exercise its voting rights at the shareholder meeting on December 22nd. Data shows that as of the end of June 2025, NBIM holds approximately 0.3% of Metaplanet's shares. The Norwegian sovereign fund's series of moves to increase its Bitcoin exposure through public market asset allocation reflects sovereign-level long-term capital's recognition of the company's strategic direction.
Informed Sources: Crypto VC Firm Shima Capital Quietly Winding Down Operations
According to informed sources disclosed by Kate Irwin, cryptocurrency venture capital firm Shima Capital is quietly winding down its business operations. Three weeks ago, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the company and its founder, Yida Gao, accusing them of "participating in a fraudulent scheme" to deceive investors. According to an email sent to portfolio company founders, Yida Gao is resigning and closing the fund. In the email, he stated: "I deeply regret my poor decisions and apologize for letting everyone down."
Shima Capital was founded in 2021 with $200 million in capital and had invested in several crypto projects including Berachain, Monad, and Pudgy Penguins. The SEC accused Yida Gao of exaggerating investment returns in promotional materials, claiming a 90x return on an investment that actually only yielded 2.8x. Furthermore, Fortune magazine reported that Yida Gao transferred investment funds to offshore entities wholly owned by himself without disclosing this to investors.
The day after the SEC filed the lawsuit, Yida Gao agreed to pay a settlement of approximately $4 million.
Miner Hut 8 Signs $7 Billion Data Center Lease Agreement
Bitcoin miner Hut 8 announced on platform X that it has signed a 15-year data center lease agreement worth $7 billion with Fluidstack for its 245-megawatt data center at the River Bend campus. Additionally, Fluidstack can add up to an additional 1,000 megawatts of capacity in future expansion phases of the campus, with specific terms dependent on the campus's installed capacity.
Market Dynamics
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