BitMEX co-founder Arthur Hayes recently withdrew 1.22 million ENA tokens, valued at approximately $257,600, from an exchange. This move has attracted market attention and speculation, possibly hinting at new investment strategies or asset reallocation.

【Chain Wen】In a recent policy discussion in South Korea, a legislator strongly recommended that the government should collaborate with traditional financial institutions to accelerate the legal recognition and practical application of stablecoins. He specifically warned that missing this window could, as the global payment landscape continues to evolve, easily leave South Korea behind.
The core view of this legislator is quite straightforward—stablecoins have become an inevitable trend in the financial system, leaving no room for debate. He stated, "The question of whether to launch stablecoins is now outdated. The only question now is: how quickly and in what manner we should promote them."
He summarized the role of stablecoins into three dimensions. First, cross-border payments, directly connecting the flow between countries. Second, trade settlement, making commercial transactions more efficient. Third, remittance services, making transfers for ordinary people more convenient. All these scenarios point to the same conclusion: stablecoins have already become

A well-known crypto market analyst has maintained a long-term bullish stance, with a sentiment ratio of 10 to 0, almost no bearish voices. When market correction risks emerge, he briefly acknowledges the downside risk, adjusting to a 9 to 1 ratio. This reflects the awkward balance that sell-side research analysts maintain between keeping market enthusiasm and demonstrating professional caution.

【比推】有趣的是，最近有位大户在链上动作频繁。据链上数据平台监测，这位鲸鱼投资者在近10分钟内密集开仓，同时做多比特币、ZEC以及HYPE三个币种。按最新数据统计，其多头头寸总规模已经达到1700万美元的水位。这样的大额持仓变动往往吸引市场关注，也许能从中窥见机构或大户对后市的看法。

Well-known analyst Tom Lee holds contradictory views on Bitcoin and Ethereum, believing that both will reach new highs in January next year, but expects a deep correction in the crypto market in the first half of 2026. He estimates Bitcoin will pull back to $60,000 to $65,000, while Ethereum will drop to $1,800 to $2,000. Despite the short-term bearish outlook, he remains optimistic about the market trend in the long term.

AGM Group announces the completion of a $2 million convertible note settlement, with plans to raise a total of $6 million through three funding rounds. This financing reflects hardware manufacturers' ongoing investment in technology research and development and capacity expansion. The importance of ASIC chips to the blockchain ecosystem makes its financing dynamics an indicator of industry prosperity.

The Museum of Modern Art (MoMA) in New York officially adds 8 CryptoPunks NFTs to its permanent collection, marking the breaking of boundaries between digital art and traditional art, and also demonstrating the legitimate status of NFTs as an art medium. This is a significant victory for CryptoPunks and NFT artworks.

The Museum of Modern Art (MoMA) in New York recently acquired 8 CryptoPunks avatar NFTs, marking further recognition of digital assets by traditional art and elevating the status of CryptoPunks and NFTs in the art world.

Ethena Labs recently deposited 18.36 million ENA, worth $3.75 million, into exchanges, demonstrating funds cycling and adjustments across different pools. Two years ago, they withdrew 34.65 million ENA and staking rewards from Gate, and currently, there are still 20.118 million ENA in liquidity pools, warranting attention to future strategic changes.

Republican Senator Cynthia Lummis announced she will not seek re-election after her term ends in 2027. She has played a key role in advocating for regulation of the cryptocurrency industry, working alongside Democratic Senator Gillibrand to advance important legislation aimed at clarifying the responsibilities of multiple regulatory agencies. The bill is still subject to revisions and coordination, and it will take time to reach final form.

Last Friday, the US stock market performed well, with the Dow Jones up 0.38%, the S&P 500 index up 0.88%, and the Nasdaq up 1.31%. Chip stocks like Nvidia rose nearly 4%, and the overall market is optimistic about the chip industry. Chinese concept stocks also performed well, with the Nasdaq Golden Dragon China Index rising 0.86%.

A data center operator focused on Bitcoin and AI computing power is raising $50 million, mainly for Bitcoin accumulation and Michigan data center construction, reflecting how Bitcoin mining and AI computing power demand are changing traditional data center business models.

Internal discussions at the Federal Reserve about interest rate cuts are becoming more active. Board member Milan pointed out that easing inflation and a slowdown in the labor market should lead to policy adjustments. He advocates for a rate cut to address potential economic risks, reflecting clear divisions within the Federal Reserve, which the market is paying close attention to.

【Crypto World】In the past two years, the tax issues surrounding cryptocurrency staking have caused quite a stir. The regulation from the IRS has been quite troublesome—staking rewards are taxed as income as soon as they are received, which has left many participants complaining.
Recently, a group of Republican lawmakers couldn’t stay silent anymore. They directly approached the government and demanded that this regulation be repealed. Their reasoning is straightforward and blunt: the administrative burden is too heavy, and the taxation is unreasonable. If this continues, who will dare to participate in network security validation?
What are their ideas? To redefine staking rewards as new property, only taxing them when sold. This way, fairness is maintained, and the US’s competitiveness in the crypto field can be preserved. Time is tight, and they want to resolve this issue before the 2025 tax filing season, especially since industry insiders expect more significant tax legislation actions in 2025.
In short, this is a contest between the industry and policymakers over staking mechanisms and the tax framework.

The White House and the U.S. Department of Energy have teamed up with several top AI companies to sign agreements to launch the "Genesis Project," aimed at applying AI to scientific research and energy development, promoting American technological advancement. Participating companies include Microsoft, Google, Nvidia, and others. The market response has been positive, with related stock prices generally rising.

[Crypto World] Amid the overall market pressure, Zcash(ZEC) surged against the trend by 12.49%, with the latest price at $429.95. Behind this rally, the rekindled demand for privacy protection has become a key driver—facing increasing regulatory uncertainty, traders are shifting to privacy coins to seek safe havens.
Technical signals reveal some subtle hints. The RSI indicator is at 44.83, indicating that short-term upward momentum is brewing, but trading volume has shrunk by 14.58% to $704.47 million. This divergence between price and volume suggests that market participants are still on the sidelines, hesitant to fully commit.
Interestingly, institutional investors are becoming more perceptive. Grayscale has submitted an application to convert its trust into a spot ZEC ETF, a move that clearly indicates institutional recognition of ZEC's long-term value. Even more exciting data comes from a leading platform—ZEC has become one of the most searched assets.