This article is from: Aevo co-founder Ken Chan, translated by Odaily Planet Daily (@OdailyChina); translator: Azuma (@azuma_eth). Editor's note: This weekend, an article by Aevo co-founder and CTO Ken Chan (@kenchangh) went viral online, titled "I Wasted 8 Years of My Life in Crypto." Ken...

Next week's key forecast: The Stable mainnet will go live at 9 PM on December 8; Jupiter: The public sale of HumidiFi will restart on the evening of December 8, with anti-bot measures to be added; On December 11, the Federal Reserve will announce the new interest rate decision and economic outlook summary; Do Kwon faces a maximum of 25 years in prison, with sentencing expected to be announced on December 11; Others (specific time not yet determined): HashKey aims to raise at least $200 million, with plans to start IPO investor subscriptions as early as next week; Rainbow: The foundation...

In just over a month, eight altcoins such as SOL, XRP, and DOGE, which were once regarded as "speculative toys" by the mainstream financial sector, have successively been approved for spot ETFs, attracting over $700 million in total inflows. However, the prices of the related cryptocurrencies have generally dropped by more than 20%. Bitwise's XRP ETF even directly uses "XRP" as its trading code, a bold marketing strategy that has sparked controversy in the industry. By the end of November, the assets of six Solana funds...

The Dragonfly Fund, leveraging trading instincts and advantages in the secondary market, has made precise investments in crypto star projects like MegaETH and Ethena, becoming the biggest winner in this cycle. However, it faces competition from traditional giants and challenges across different fields.

Japan proposes to reduce Bitcoin taxes and approve ETFs; SEC chairman states that the future financial system will be based on Bitcoin; gold prices hit an all-time high; French banks support crypto trading; Franklin Templeton's XRP spot ETF holds over 63 million coins in its first week.

Congress continues to make progress on crypto issues but things are moving slowly.

The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.

The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.

In a country besieged by the Western financial system, the term "stablecoin," which originally appeared only in Silicon Valley white papers, has quietly transformed into an infrastructure that ordinary people and businesses genuinely rely on.

It is expected that the L1 sector will continue to lose market share in the future, being further squeezed by BTC.

Amid significant price corrections in Bitcoin and a gloomy market sentiment, how do institutional investors view this flagship crypto asset? Matthew Sigel, the portfolio manager of VanEck's on-chain economy ETF ($NODE), recently shared his insights. The current market signals are complex and intertwined; institutions remain highly research-oriented and attentive, but they appear more cautious when it comes to deploying capital. This caution stems from considerations of the macro environment, the internal structure of the market, and on-chain fundamentals.

Wall Street analyst Tom Lee predicted at the Binance Blockchain Week: the four-year cycle of Bitcoin has failed, with a target price of $300,000 by 2026, and Ethereum will reach $20,000. He emphasized that tokenization is the core narrative for 2025, and Ethereum is experiencing a "1971 moment," with its value being severely underestimated.

A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.