chris

According to Bloomberg, the cryptocurrency market is experiencing a tug-of-war between bulls and bears, with analysts still leaning bullish, but the speculative market is shifting towards defense, putting pressure on risk appetite. Bitcoin briefly fell below $80,000 for the first time in nearly a month; affected by the sell-off in the U.S. stock market's AI sector, risk assets retreated, and the bullish sentiment that the cryptocurrency market was trying to rebuild was once again thwarted.Jeff Anderson, head of STS Digital in the U.S., stated that inflation data will "severely impact risk appetite," and the market is entering a quiet period before the Federal Reserve's interest rate meeting, with interest rate expectations still uncertain. Nick Forster, founder of Derive.xyz, mentioned that in the past 24 hours, the market's pricing of Bitcoin's probability of rising to $100,000 before Christmas has decreased by 2.8 percentage points to 9.7%; long-term bullish bets have quickly retreated, short-term hedging demand has surged, and institutions are reassessing macro risk exposure as the interest rate outlook becomes unclear again.

Chris Larsen, co-founder of Ripple and crypto billionaire, is increasing his investment in the U.S. political arena. Disclosure data shows that during this midterm election cycle, Larsen has directly donated at least $22.5 million to federal candidates and super political action committees (super PACs), and plans to further increase his contributions.Currently, Larsen has become one of the important donors in U.S. federal politics, with areas of focus including artificial intelligence, clean energy, cryptocurrency, and wealth taxes. He has previously been an active political donor in the U.S. technology and cryptocurrency sectors.

According to on-chain analyst Ai Yi's monitoring, Donut AI CEO and founder Chris recently disclosed his on-chain investment portfolio and trading strategies, involving multiple tokens such as PUMP, PONS, AI, BONER, and STONK.Chris has held PUMP for several months, with total profits exceeding $936,000; in the past 30 days, he participated in trading popular tokens on Robinhood Chain, earning over $130,000, during which he exited when PONS had a market cap of about $600 million.In addition, Chris established a position in STONK when its market cap was around $89 million, currently showing an unrealized profit of about $180,000, with a return rate exceeding 170%. Regarding the differences between Robinhood Chain and Solana, Chris believes that the former currently relies more on the influx of new retail investor funds, while Solana has a much larger amount of on-chain capital, thus he is more optimistic about the long-term development of Solana's tokenized stock ecosystem.

According to GlobeNewswire, ENA Treasury Company StablecoinX has appointed Christopher Jensen as Chief Executive Officer, effective immediately. At the same time, Jensen has also been appointed as a member of the company's board of directors.After taking office, Jensen will be responsible for the daily management of the company's three major business lines, which are infrastructure services, infrastructure software, and distribution services. In addition, he will also be responsible for StablecoinX's capital management strategy. The company currently holds approximately 3.03 billion ENA tokens, accounting for about 20% of the total supply of ENA, making it the largest corporate holder of Ethena governance tokens.

According to YNetNews, the first Israeli star to enter the NBA, Omri Casspi, announced that his venture capital firm Swish Ventures has completed a $250 million fundraising for its third fund, increasing the firm's assets under management to approximately $800 million.The new fund is expected to invest in about 12 startups, with an average single investment of around $20 million, focusing on areas such as cybersecurity, artificial intelligence, and infrastructure, primarily targeting seed and Series A financing. Swish Ventures has currently invested in 20 companies, including Cognition AI, Applied Compute, EON, Wonderful, Upwind, etc., of which 8 have reached unicorn valuations, with a total valuation of its portfolio companies exceeding $60 billion.

According to Jinshi reports, ING analyst Chris Turner stated that expectations for the European Central Bank to possibly raise interest rates again in September are supporting the euro. He pointed out that tensions between the U.S. and Iran have led to a surge in oil prices, but the euro has shown resilience as the yield spread has narrowed in favor of the euro.However, he also mentioned that the prospect of the Federal Reserve raising interest rates is a "more dominant theme," which could lead to the euro falling below 1.14 against the dollar.

Ripple co-founder and executive chairman Chris Larsen has been reported to be involved in investing in the derivatives trading platform American Perpetuals Exchange Corp. (APEC), founded by New York Senator Kirsten Gillibrand's son, Theodore Gillibrand. The platform has raised $30 million, with most investors contributing between $5,000 and $10,000. The amount invested by Chris Larsen is unknown. Previously, Kirsten Gillibrand publicly stated that "members of Congress and government officials should not profit from the industry due to their insider status," but her spokesperson responded that Gillibrand has "no involvement" in her son's business.

According to the Financial Times, Christopher Harborne, a billionaire in the crypto industry and a shareholder of the stablecoin issuer Tether, provided approximately £5 million in funding support to UK Member of Parliament Nigel Farage before the 2024 UK elections. Following this, Farage decided to resume his role as the leader of the right-wing UK Reform Party.The report states that Harborne has long been active in the crypto industry and conservative political donations, and he has previously been linked to the Brexit political movement. This large donation has once again brought attention to the influence of crypto capital on UK politics.

According to The Block, Nasdaq-listed tokenization company Streamex Corp. (stock code: STEX) has announced the appointment of Christine Plummer as Chief Financial Officer.Plummer has worked at Morgan Stanley for over twenty years and then served as the Global Financial Director at cryptocurrency exchange Coinbase. Streamex stated that Plummer will be responsible for overseeing the company's financial operations and driving the expansion of its institutional platform.Streamex primarily focuses on the tokenization of physical assets such as gold. In February of this year, the company launched the tokenized securities product GLDY, aimed at providing investors with exposure to gold and generating returns. The company believes that gold tokenization has the potential to surpass Bitcoin in terms of trading volume, market capitalization, and institutional adoption rate.

According to Jinshi News, Christopher Hodge from Natixis stated that the Federal Reserve may face calls for interest rate cuts at the March meeting. He mentioned that if the data for February is weak and the data for January is revised down, the rationale for the Federal Reserve to hold steady will be questioned. This will strengthen the dovish view that the recent labor data may just be "fool's gold."

According to Jinshi News, Chris Grisanti, Chief Market Strategist at New York MAI Capital Management, stated that today's Federal Reserve statement and press conference are clearly hawkish. The description of economic activity was upgraded from "moderate" to "robust," while the wording regarding downside risks to employment was removed. Powell indicated that the labor market has "stabilized," and although inflation is stabilizing, it remains "slightly elevated." He believes that there will be no rate cuts in the short term, and under continued economic strength, there may not be any rate cuts even in 2026.

Data shows that during the Christmas week, U.S. listed spot Bitcoin ETFs experienced a massive outflow of funds, with a cumulative net outflow of approximately $782 million. Among them, the single-day net outflow on Friday reached $276 million, marking the peak outflow during the holiday.Specifically, BlackRock's IBIT saw a single-day outflow of nearly $193 million, Fidelity's FBTC had an outflow of about $74 million, while Grayscale's GBTC continued to experience small but persistent fund redemptions. As a result, the total asset size of Bitcoin spot ETFs dropped to about $113.5 billion, down from over $120 billion earlier in December.It is noteworthy that despite the outflow of funds, the price of Bitcoin remained around $87,000, indicating that this withdrawal of funds is more likely due to year-end asset rebalancing and decreased holiday liquidity, rather than market panic.Analysis indicates that this marks the sixth consecutive trading day of net outflows for spot Bitcoin ETFs, with a cumulative outflow exceeding $1.1 billion, representing the longest outflow period since this fall. However, institutional insiders believe that holiday outflows are not uncommon, and as trading resumes in January, institutional funds may flow back in, making the direction of ETF funds more meaningful at that time.

Nano Labs founder Jack Kong posted on X platform that the price of Bitcoin has increased nearly 400,000 times from $0.25 in 2010 to $98,200 in 2024.Historical data shows that Bitcoin bear market bottoms often occur around Christmas, such as $319 in 2014, $3,815 in 2018, and $16,831 in 2022. The predicted $88,000 for 2025 represents a pullback compared to 2024, which may reflect the market's expectation of cyclical adjustments. From a macro perspective, this volatility is precisely the growth characteristic of digital assets as emerging store of value tools.

According to Bloomberg. While traditional financial markets are experiencing a wave of seasonal optimism at the end of the year, Bitcoin's trading price hovers around $87,370, fluctuating within the range of $85,000 to $90,000, with almost no signs of recovery.Analysts believe that this asset, built on speculation, volatility, and disruptive factors, has ended the year in stagnation. On-chain data shows that the supply of BTC held for at least two years has decreased by 1.6 million since the beginning of 2023, worth approximately $14 billion, indicating that early holders are cashing out at the fastest rate in recent years.

Cryptanalysis expert Michaël van de Poppe posted on the X platform that Bitcoin has been hovering between $85,000 and $90,000 for several weeks, and now it's a waiting game, with capital only likely to flow back into the cryptocurrency market after U.S. stocks reach local highs.Market analysis suggests that historically, Bitcoin tends to experience fluctuations of 5% to 7% during the Christmas period, a pattern usually related to year-end options expirations rather than new fundamental catalysts. Data shows that approximately 300,000 Bitcoin options contracts (worth $23.7 billion) and 446,000 IBIT options contracts are set to expire this Friday.

Due to the Christmas holiday, the Hong Kong stock market will begin a holiday this afternoon and will be closed for the next two days; the U.S. stock market will close early today at 02:00 Beijing time on the 25th and will be closed tomorrow; the German and Italian stock markets will be closed starting today, while the French, British, and Spanish stock markets will close early today and will be closed for the next two days.Today, trading for precious metals, energy, and foreign exchange futures contracts under the Chicago Mercantile Exchange (CME) will end early at 02:45 Beijing time on the 25th, and stock index futures trading will end early at 02:15 Beijing time on the 25th; trading for Brent crude oil futures contracts under the Intercontinental Exchange (ICE) will end early at 03:00 Beijing time on the 25th.