Author: 行政
The euro finally has a substantial stablecoin market, and for once, it’s not just a niche corner of DeFi. When MiCA’s stablecoin rules kicked in June 2024, they turned euro-pegged stablecoins into a regulated product category with paperwork, reserve rules, and an actual licensing lane.Under MiCA, stablecoins that reference a single fiat currency sit in the “e-money token” bucket, while tokens tied to a basket fall under “asset-referenced tokens.” This means that if an issuer and an exchange want to keep a euro stablecoin available to EU users, the compliance burden is now explicit, and it shows up in listings,…
On-chain security researcher ZachXBT flagged hundreds of wallets across multiple EVM chains getting drained for small amounts, typically under $2,000 per victim, funneling into a single suspicious address.The theft total climbed past $107,000 and kept rising. The root cause is still unknown, but users reported receiving a phishing email disguised as a mandatory MetaMask upgrade, complete with a party-hat fox logo and a “Happy New Year!” subject line.This attack arrived when developers were on holiday, support channels were running skeleton crews, and users were scrolling through inboxes cluttered with New Year promotions.Attackers exploit that window. The small per-victim amounts suggest…
Bitcoin has a talent for looking calm right up until it isn’t.In the first trading days of 2026, the tape has had that familiar, coiled feel: enough headline noise to keep traders alert, not enough conviction to force a real move.When crypto behaves like that, the next decisive push often doesn’t come from inside the industry at all.It comes from the bond market, the dollar, and the set of economic releases that reprice the cost of money in minutes.That’s why Monday, Jan. 5, matters.At 10:00 a.m. ET, the Institute for Supply Management will publish its Manufacturing PMI, a single report…
If 2024 was the year crypto reentered the mainstream through TV tickers and glossy ETF commercials, then 2025 was the year the market learned to live with that attention.It absorbed it, metabolized it, and let it shape how liquidity moved day to day.Some stories were loud and obvious. Spot Bitcoin ETFs pulled in capital, and price charts arced and dipped with the cadence of macro prints.The more useful stories were quieter and lived in the market plumbing: who actually bought, who was underwater, which networks absorbed activity at tolerable cost, and which signals separated excitable rallies from robust advances.A thousand…
Bitcoin ended 2025 with a realized daily volatility of 2.24%, the lowest annual reading in the asset’s recorded history.K33 Research’s volatility chart stretches back to 2012, when Bitcoin saw daily moves of 7.58%, and shows steady compression through each cycle: 3.34% in 2022, 2.80% in 2024, and now 2.24% in 2025.Yet, the narrative doesn’t match the numbers. October’s drawdown from $126,000 to $80,500 felt brutal, and the tariff-driven liquidation on Oct. 10 wiped $19 billion in leveraged longs in a single day.The paradox: Bitcoin became less volatile by traditional measures while attracting larger capital flows and delivering larger absolute price…
XRP spot ETFs have crossed $1 billion in assets under management, with about $1.14 billion spread across five issuers. Net inflows since Nov. 14 sit near $423.27 million.On the same CoinGlass dashboard, XRP itself sits around $1.88, with a market cap of $114.11 billion and about $382.14 million of 24-hour spot volume.If your mental model is the Bitcoin ETF era, where “wrapper demand” and “price repricing” felt welded together, that combination can read like a punchline.But it isn’t.It’s a reminder that ETFs don’t magically lift prices. They route demand through a fairly specific set of pipes.Unless those pipes are pulling…
Bitcoin traded in the $80,000s on Dec. 31 just as U.S. inflation cooled and investors priced Federal Reserve rate cuts.The lack of follow-through has left traders leaning less on macro headlines and more on a mix of real yields, money-market plumbing, and spot ETF flows. That shift is keeping price action pinned to defined levels even when “cuts are coming” dominates the narrative.Macro without the Boom: Why “Good News” isn’t moving BitcoinThe latest inflation data reinforced that narrative on paper.Headline CPI rose 2.7% from a year earlier in November, and core CPI rose 2.6%.But the print also arrived with a…
Tether bought 8,888 Bitcoin in Q4 2025, lifting its holdings above 96,000 BTC, according to a post by CEO Paolo Ardoino.The purchase extends a strategy Tether has tied to operating results: allocating 15% of quarterly profits to Bitcoin.If USDT liabilities keep expanding and short-term rates remain high enough to keep interest income elevated, that policy can translate stablecoin earnings into recurring spot demand for BTC.The same choice also expands mark-to-market exposure inside a reserve stack built to meet redemptions.That issue has become more central to ratings and regulatory scrutiny.How Tether’s reserve strategy turns stablecoin growth into systemic exposureThe most recent…
Cardano price was up 10% to above $0.38 as Bitcoin crossed $90,200. ADA is eyeing a potential breakout to $2. Bulls will look to ride key catalysts in 2026. Cardano’s ADA token rose more than 10% to trade above $0.38, after buyers pushed the price back above the closely watched $0.35 level that analysts have long identified as a key support zone. The move comes alongside a broader upswing in the cryptocurrency market. Bitcoin advanced about 2% to trade above $90,000, providing a supportive backdrop for risk appetite across digital assets. Major altcoins also recorded strong gains, with Ethereum climbing…
On the last day of 2025, while most traders were half watching fireworks and half pretending they were not checking charts, the quietest corner of the financial system started making a lot of noise.Banks pulled a record amount of cash from the Federal Reserve’s SRF, about $74.6 billion, on December 31. That number matters because the Standing Repo Facility is the Fed’s pressure valve, banks swap high-quality collateral for overnight cash, and they usually tap it hardest when private funding markets get tight. Related ReadingA $74B emergency overnight bank loan on NYE just revived a dark 2019 secret bailout theoryWall…