Bitget Daily Briefing (December 12) | World launches a "super app" covering payment and chat functions; U.S. initial jobless claims recorded at 236,000 this week; Satoshi Nakamoto statue installed at the New York Stock Exchange

Today's Outlook

1. According to Techcrunch, the biometric authentication project World, co-founded by Sam Altman, has released the latest version of its application today, introducing several new features, including encrypted chat integration and an expanded cryptocurrency sending and requesting feature similar to Venmo.

2. The U.S. CFTC has issued a no-action letter to Polymarket and three other prediction market operators regarding data rules; the U.S. SEC has allowed DTCC to custody and recognize tokenized stocks and other RWA assets on the blockchain.

3. Cointelegraph reports that the New York Stock Exchange (NYSE) has just become the sixth location for the statue of Satoshi Nakamoto, designed by artist Valentina Picozzi, contrasting sharply with a few years ago when Wall Street viewed cryptocurrency as taboo.

Macro & Hotspots

1. Jin10: The number of initial jobless claims in the U.S. for the week ending December 6 recorded 236,000, the highest since the week of September 6, 2025. The expectation was 220,000, with the previous value revised from 191,000 to 192,000.

2. FxPro analyst Alex Kuptsikevich stated yesterday that since November 21, BTC has shown a trend of gradually rising local highs and lows, but to confirm that the rebound marks the beginning of capitalized growth, the total market cap needs to break through $3.32 trillion. Currently, the global cryptocurrency market cap is about $3.16 trillion, up 2.5% from the beginning of this week, but still below the previous high of $3.21 trillion.

3. The Block: After discussions between U.S. senators and bank executives, there is "substantial progress" in pushing a large-scale cryptocurrency bill into law. The bill aims to establish rules for the entire digital asset industry and grant corresponding powers to regulatory agencies such as the SEC and CFTC.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw liquidations totaling $375 million, with $226 million in long liquidations. The liquidation amount for BTC was $140 million, and for ETH, it was $110 million.

2. U.S. stocks: The Dow Jones rose 1.34%, the S&P 500 increased by 0.21%, and the Nasdaq Composite fell by 0.25%. Additionally, Nvidia (NVDA) fell by 1.55%, Circle (CRCL) rose by 0.18%, and Strategy (MSTR) fell by 0.73%.

3. Bitget BTC/USDT liquidation map shows: A large number of short leveraged positions have accumulated above the current BTC price (around $92,000); once broken, it will trigger further short squeezes; the accumulation area for long liquidations below is relatively dense, indicating that if the price falls back to the $88,000–$90,000 range, it will trigger significant long liquidation risks.

4. In the past 24 hours, BTC spot inflows were approximately $138 million, outflows were about $197 million, resulting in a net outflow of $59 million.

News Updates

1. Do Kwon, founder of Terraform Labs, has been sentenced to 15 years in prison by a U.S. judge.

2. A chart shared by analyst Eric Balchunas shows that as of the end of 2025, there are a total of 124 cryptocurrency-related ETP (exchange-traded product) registration applications in the U.S., including: Bitcoin-related products account for the highest share, with 21 items (18 of which are based on the 1940 Act derivative structure), followed by basket-type products (15 items), and mainstream tokens such as XRP (10 items), Solana (9 items), and Ethereum (7 items). There are already 42 applications under the 1933 Act for spot products, while the rest are derivatives or structured funds.

3. PANews cites DL News reporting that in a revised paper released on December 5, Blockstream researchers Mikhail Kudinov and Jonas Nick explored various methods to upgrade the Bitcoin blockchain to possess quantum resistance.

Project Progress

1. Aptos (APT) unlocked approximately 11.31 million tokens today at midnight (UTC+8), with a circulation ratio of 0.83%, valued at about $19.3 million.

2. Hex Trust plans to issue and custody a wrapped version of XRP called "wXRP" to expand DeFi applications across multiple chains.

3. Glassnode: Ethereum spot ETFs show signs of recovery, with moderate inflows indicating a relief in redemption pressure.

4. JPMorgan has created a Solana-based USCP token to assist Galaxy Digital in debt issuance.

5. Bitcoin mining difficulty has decreased by 0.74% to 148.20 T.

6. xAI collaborates with the Salvadoran government to launch the world's first national AI education program.

7. Cross-chain protocol LI.FI has completed a $29 million funding round, led by Multicoin Capital and CoinFund.

8. Talus Foundation: The US airdrop claim portal is now open, closing on December 14.

9. PANews reported yesterday that a new proposal from Reserve Rights aims to burn approximately 30 billion RSR tokens.

10. According to SolanaFloor data, since the start of the Pump.fun repurchase plan, 13.8% of the circulating supply of PUMP tokens has been repurchased.

**Disclaimer: This report is generated by AI, with human verification for information only, and does not constitute any investment advice.