According to PANews, Garrett Jin, known as the '1011 Insider Whale,' recently shared insights on the X platform regarding the Ethereum (ETH) and Nasdaq 100 index ratio. Jin noted that the ratio has repeatedly hit a low near 0.11, suggesting that ETH is in a bottom range. He predicts that ETH has a higher chance of outperforming the Nasdaq 100 in the coming months, with a target ratio between 0.16 and 0.22, indicating a potential increase of 50% to 100%. Given the strong correlation between Ethereum and the Nasdaq 100 index, significant deviations are unlikely to persist. Mean reversion is expected, especially in the context of broader policy developments such as the potential restart of quantitative easing in the U.S., direct cash stimulus to households, and U.S. Securities and Exchange Commission Chairman Paul Atkins accelerating the migration of U.S. stocks onto the Ethereum blockchain.

According to PANews, the tokenization of U.S. stocks has sparked debate regarding its impact on the cryptocurrency market. Some believe that the influx of funds into tokenized stocks could detract from crypto investments. However, this perspective only considers one side of the coin. The tokenization of assets such as the U.S. dollar, Treasury bonds, stocks, and physical gold is expected to significantly increase on-chain asset volume. The financial composability inherent in the crypto sector could lead to a surge in on-chain transactions, especially if Ethereum successfully addresses scalability and privacy issues. This could attract funds from traditional stock markets into the crypto space, enhancing overall liquidity. Moreover, the circulation of U.S. stocks on the blockchain is not a one-way street; it could be reciprocal. Concerns about the revenue potential of crypto projects are valid, but the wealth effect is not solely dependent on income. There are industries with low market value despite having revenue. The era of widespread altcoin seasons may be over, but demand for quality altcoins and blockchain infrastructure, including public chains like Ethereum, DeFi, oracles, privacy technologies, digital identities, and wallets, remains. The potential for new innovations, such as crypto AI agents and asset tokenization, could lead to the emergence of new sectors akin to prediction markets or perpetual contracts. The key takeaway is that the tokenization of U.S. stocks does not spell doom for the crypto market. Once tokenized assets are on-chain, they will not remain idle; liquidity will be activated, leveraging crypto's composability. With compelling narratives and projects, both crypto and non-crypto funds could flow into the market. High-quality crypto projects, once they establish a narrative, may offer returns comparable to U.S. stocks. The next cycle is likely to see projects with unique crypto characteristics, similar to prediction markets or perpetual contracts, which are absent in traditional finance. The potential for increased liquidity and composability on-chain is significant. The previous cycles of widespread altcoin seasons are unlikely to return, even without the tokenization of U.S. stocks. However, select quality crypto projects, particularly those supporting tokenized stocks, still have opportunities. Each cycle brings its own standout projects, and the next cycle will be no different. The crypto sector is transitioning from its golden era to a phase of financial innovation, driven by institutional involvement. Opportunities for substantial returns still exist, albeit with lower probabilities than during the golden era. The standout projects of the next cycle may currently be in development or recovering from losses, waiting for their moment to shine.

Tether's AI data center company, Northern Data, sold its Bitcoin mining business, Peak Mining, for up to $200 million to companies controlled by Tether founder Giancarlo Devasini and CEO Paolo Ardoino (including Highland Group Mining and Alberta ULC, 2750418). Days after the deal was announced, Rumble, a conservative social platform in which Tether holds a nearly 50% stake, agreed to acquire Northern Data for approximately $767 million. Northern Data was previously under intense scrutiny from the European Union this year, accused of large-scale tax fraud, which the company denied and stated it was cooperating with the investigation. (FT)

According to BlockBeats, Northern Data, an AI data center company under Tether, has sold its Bitcoin mining business, Peak Mining, for up to $200 million. The buyer is a company controlled by Tether's founder Giancarlo Devasini and CEO Paolo Ardoino, including Highland Group Mining and 2750418 Alberta ULC. Following the announcement of this transaction, Tether, which holds nearly 50% of shares in the conservative social platform Rumble, agreed to acquire Northern Data for approximately $767 million. Earlier this year, Northern Data was subject to a surprise investigation by the European Union over allegations of large-scale tax fraud, which the company has denied, stating that it is cooperating with the investigation.

According to Odaily, Yi Lihua has expressed that Japan's recent interest rate hike marks the last significant downturn. The fluctuations observed in recent days are primarily driven by contracts, with short positions making their final efforts. However, these are considered short-term actions in the face of a future bull market trend. For investors, rather than traders, the current period remains an optimal spot investment opportunity. Next year is expected to bring substantial benefits to the crypto industry, particularly in terms of crypto policies, interest rate cuts, liquidity easing, and financial blockchain integration. To achieve substantial returns, investors must endure market volatility, overcoming human weaknesses to succeed in the financial market.

Binance Alpha will list RateX (RTX), with Alpha trading officially commencing on December 19, 2025 at 9:00 AM UTC. Users with at least 226 Binance Alpha Points can claim an airdrop of 25 RTX tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, they will be considered to have forfeited their claim.

Yi Lihua stated in an article that the Japanese interest rate hike represents the final major negative factor being fully priced in. The recent volatility is primarily driven by contracts, especially with short sellers making a final push. However, given the future bullish trend, these are all short-term behaviors. For investment rather than trading, now remains the best time for spot investment. Next year will be a major boon for the crypto industry, especially with the three decisive factors: crypto policies, interest rate cuts, quantitative easing, and the move to blockchain finance. If you want to earn thousands of dollars in returns, you must endure hundreds of dollars in volatility. Winners in the financial markets must first overcome human weaknesses.

The U. S. Senate has appointed Mike Selig as Chairman of the Commodity Futures Trading Commission, succeeding Caroline Pham. source: https://www.cryptopolitan.com/michael-selig-as-cftc-chair-apprioved/

Arthur Hayes posted on X that his family investment office, Maelstrom, is aggressively buying up high-quality altcoins.

null source: https://x.com/cointelegraph/status/2001889155689615437

Taiwan’s authorities are holding 210.45 Bitcoin and other cryptocurrencies seized from criminal cases. The assets remain under judicial control, with no plans yet announced for sale, conversion, or use in national reserves.

For many, Magic Eden is the leading NFT trading platform on Solana. However, Magic Eden has long since transcended the realm of a trading platform, evolving into a crypto entertainment platform.

The improvement of regulations is not the end of the industry's development, but the new beginning of the "golden decade".

The real crisis of AI infrastructure lies in the deep-seated financial structural mismatch—when highly depreciated computing power assets, highly volatile miner collateral, and rigid infrastructure debt are forcibly tied together, a hidden chain of default transmission has already formed.

Trump Media is embarking on one of the most ambitious moves in its history, signaling a shift far beyond social media with a landmark partnership aimed at building a utility-scale fusion power plant by 2026.

PayPal is partnering with USD.AI to offer PYUSD stablecoin loans to AI companies, helping them fund GPUs, data centres, and other infrastructure. The programme also includes a one-year incentive offering 4.5% yield to attract institutional investors and support the growth of AI projects.

Messari, Cryptocurrency: From Asset Class to Technology Sector - Jinse Finance, Cryptocurrency Evolves from Transactional Asset Class to Underlying Technology Track

Cryptocurrency remains an emerging and rapidly evolving experiment. To navigate the present, we must find a balance between data and belief, macroeconomic understanding and technological optimism.

Meta is developing two proprietary AI models, Mango for image and video generation and Avocado for text and reasoning, expected to launch in the first half of 2026. The company created Meta Superintelligence Labs, hired over 50 AI specialists, and shifted away from its Llama open-source models to compete with Google’s Gemini and OpenAI’s AI tools.

How accurate is the US November CPI? To what extent does the "carry forward" factor affect government data statistics?