Hot News: The Final Week of Tax-Loss Harvesting
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Affected by the holiday period and the expiration of major options last Friday, market volatility intensified, but there is a lack of clear directional conviction. Bitcoin closed basically flat this week, with a slight increase of 0.55%, setting the lowest weekly trading volume since July. The market expects trading activity and liquidity to return to normal after the New Year.
Macro Outlook: Strategic Conflict in Commodities
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Starting from January 1, 2026, the Chinese government will require special permits for silver exports. This move is expected to have a significant impact on the global metal supply chain.
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U.S. durable goods orders in October fell by 2.2%, lower than the market expectation of -1.5%. However, U.S. third-quarter GDP grew by 4.3%, significantly higher than the market expectation of 3.3%, indicating resilience in consumer spending, exports, and government expenditure.
Upcoming Economic Calendar Includes:
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Wednesday, December 31, 3:00 AM: FOMC Meeting Minutes
Weekly Cryptocurrency Overview: Aave DAO vs. Aave Labs
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According to reports, Morgan Stanley is exploring the provision of cryptocurrency trading services for its institutional client base, including spot and derivative markets.
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Russian banking giant Sberbank executed the country's first cryptocurrency-collateralized loan, providing funding to Bitcoin miner Intelion Data.
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Coinbase announced the acquisition of The Clearing Company to strengthen its predictive market products. The transaction is expected to be completed in January 2026.
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Kraken announced plans to enter the predictive market space, aiming to launch the service in 2026.
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Travel giant Ctrip has integrated stablecoin payments, allowing global users to book travel services using digital assets.
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Strategy increased its reserves by $748 million, bringing its total cash holdings to $2.19 billion, in addition to holding 671,268 BTC.
Layer 1 and Layer 2 Networks
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The Solana Foundation launched Kora, an audited fee intermediary and signature node designed to enable gas-free transactions and secure remote signing.
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Polygon announced that major payment processor Shift4 has launched stablecoin settlement on its network, providing 24/7 payment services to tens of thousands of merchants.
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Spire Labs deployed the first Base-based application chain on Celo, utilizing Self Protocol's privacy-preserving "human proof" to resist Sybil attacks.
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Flow Network suffered an attack due to a layer vulnerability, resulting in a loss of $3.9 million.
Dapps
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Hyperliquid launched an investment portfolio margin feature on its mainnet, with initial conservative limits and added a BLP yield feature on its Earn page.
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The Polymarket team has indicated that developing and launching its dedicated layer 2 network is now the platform's primary task.
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Kamino Finance launched PRIME, a new yield primitive on Solana offering an 8% low-correlation APY, backed by real-world HELOC credit provided by Figure.
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GMX is now live on the Ethereum mainnet, allowing users to trade over 100 perpetual contract markets, trade on 23 spot markets, and provide liquidity through GM or GLV.
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Maple Finance facilitated its largest single loan of 500 million USDC.
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Resolv announced the expansion of its arbitrage market assets to HYPE on Hyperliquid and SOL on Binance Exchange, with an initial allocation of 10%.
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Hinkal Protocol partnered with Resolv Labs to provide private trading for USR and RLP.
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Mellow Protocol will integrate Fluid and Resolv on Plasma into its stRATEGY vault, allowing for modular institutional vault access without the need for custom engineering.
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F(x) Protocol launched FX100 Perp, a new decentralized perpetual contract trading platform featuring non-liquidatable positions (positions will be rebalanced to reduce leverage) and leverage of up to 100x.
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The ZK processor protocol Brevis released the tokenomics of its BREV token, which will serve as the payment, collateral, and governance token for the ProverNet market.
Governance and Upcoming Alpha
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The governance proposal for Aave DAO to take control of the Aave brand assets has been rejected.
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The Uniswap community passed the Unification proposal and burned 1 billion UNI, and will activate the fee switch and implement other protocol changes after the timelock.
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LayerZero's third fee switch public vote failed to reach quorum, meaning the protocol fees will remain closed for at least another six months.
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The Bitcoin community is engaged in intense debate over the potential threat of quantum computing to the Bitcoin network. Among them, BIP-360 was introduced into the discussion to implement an anti-quantum signature solution.
Token Unlocks
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IO tokens will unlock on December 31, accounting for 6.09% of the supply.
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KMNO tokens will unlock on December 31, accounting for 6.92% of the supply.
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EIGEN tokens will unlock on January 1, accounting for 7.52% of the supply.
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LA tokens will unlock on January 5, accounting for 5.94% of the supply.
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MOVE tokens will unlock on January 10, accounting for 5.78% of the supply.
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LINEA tokens will unlock on January 10, accounting for 6% of the supply.
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HOME tokens will unlock on January 10, accounting for 4.16% of the supply.
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RAIN tokens will unlock on January 10, accounting for 11% of the supply.
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US tokens will unlock on January 10, accounting for 6.32% of the supply.
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BB tokens will unlock on January 13, accounting for 10.9% of the supply.
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ZKC tokens will unlock on January 15, accounting for 6.71% of the supply.
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