rare

The founder of the Bitcoin and digital asset quantitative fund Capriole, Charles Edwards, stated that bullish signals for Bitcoin are emerging. The Bitcoin Mayer Multiple has rarely dropped to around 0.6. Although there is still a possibility for Bitcoin's price to decline further, historically, this range often corresponds to one of the most attractive buying points in Bitcoin's history.Note: The Bitcoin Mayer Multiple is a technical indicator used to analyze the state of the Bitcoin market, proposed by Trace Mayer. It assesses the relative valuation level of the market by comparing Bitcoin's current price to its 200-day moving average (200DMA). Historically, when the Mayer Multiple exceeds 2.4, it usually indicates that the market is overheated, and a correction or bear market may occur. When the Mayer Multiple is below 0.8, the market may be undervalued, potentially signaling a good buying opportunity.

Cryptocurrency KOL and former FTX community partner Benson Sun posted that Bitcoin experienced an extreme drop this morning. Calculating with a 200-day lookback period, BTC's decline reached -5.65 standard deviations (σ). The Six Sigma standard in manufacturing allows for only 3.4 defects per million occurrences, which defines "almost impossible" in human industrial civilization. Yesterday's BTC volatility was just 0.35 standard deviations away from this "industrial-grade impossibility."A -5.65σ occurrence has a theoretical probability of about one in ten million under normal distribution. Despite the fat tail effect in financial markets, this level of volatility has only occurred 4 times since BTC began trading in July 2010, accounting for about 0.07% of all trading days. Even during the deep bear phases of 2018 and 2022, such a rapid decline had not occurred within a rolling 200-day period. This poses a severe challenge to quantitative strategies.Currently, most quantitative models are built on data after 2015, and historical samples exceeding 5.65σ, apart from the anomalous "312" flash crash in 2020, occurred before 2015, leaving almost no reference precedent.CoinKarma's quantitative strategy has shown a paper loss in this round of market conditions, but due to maintaining low leverage (about 1.4 times) over the long term, it remains manageable, with a maximum drawdown of about 30%. While extreme market conditions are an expensive "tuition," contracts and on-chain data will become important nutrients for future risk control models.

The yen has recorded its largest increase in six months, sparking speculation about possible coordinated intervention by Japan and the Federal Reserve. After Japanese Prime Minister Fumio Kishida warned of abnormal fluctuations in the yen, the dollar fell from nearly 160 to 155.6 against the yen, marking the strongest single-day gain for the yen in 2026.The New York Fed has reportedly contacted major banks regarding the yen issue, which is often a precursor to coordinated currency intervention. Analysts point out that coordinated intervention could have effects similar to those in 2008, injecting significant liquidity into global markets. CFA Michael Gayed stated that a joint action by the U.S. and Japan could prevent the Bank of Japan from being forced to sell U.S. Treasuries while deliberately allowing the dollar to depreciate to support the yen.A weaker dollar could boost global asset prices, including stocks, commodities, and cryptocurrencies. Bitcoin has a strong positive correlation with the yen and a negative correlation with the dollar. Previously, a slight interest rate hike by the Bank of Japan in August 2024 triggered a $15 billion sell-off in cryptocurrencies, causing Bitcoin to drop from $64,000 to $49,000.

According to Binance spot data, the market has experienced significant fluctuations. ROSE has dropped by 11.25% in the last 24 hours, while RARE has risen by 14.74%, showing signs of a rebound.At the same time, GHST and SYRUP have also experienced a "high-to-low" situation, with 24-hour declines of 7.32% and 7.44%, respectively. Other tokens such as BIGTIME, RESOLV, and Binance Life have shown signs of a rebound, with increases of 8.18%, 12.39%, and 5.41%, respectively. SANTOS has reached a new high today, with an increase of 12.72%.Additionally, SENT has seen a slight decline within 5 minutes, with a drop of 3.04%.

A survey conducted by the Bitcoin mining company GoMining among 5,700 respondents shows that over 55% of cryptocurrency holders rarely or never spend Bitcoin, but nearly 80% support broader adoption and believe in BTC as a payment method.Respondents pointed out that the main factors limiting Bitcoin payments include limited merchant acceptance, high fees, and privacy and security concerns. GoMining CEO Mark Zalan stated: Users want to spend cryptocurrency frictionlessly and earn rewards while spending.However, Artemis data also shows that monthly transaction volume for crypto cards surged from $100 million at the beginning of 2023 to $1.5 billion by the end of 2025, indicating that payment infrastructure is improving.

Bitwise Chief Investment Officer Matt Hougan stated, "Morgan Stanley currently manages 20 ETFs, but most are launched under brands like Calvert / Parametric / Eaton Vance. The Bitcoin and Solana ETFs applied for this time will be the 3rd and 4th ETFs directly operated under the 'Morgan Stanley' brand, which is quite remarkable."

According to Forbes, since reaching an all-time high in October, Bitcoin and the overall cryptocurrency market have experienced a significant decline. The price of Bitcoin is currently hovering around $90,000, down from its historical peak of $126,000, while gold, silver, and U.S. stocks have accelerated upward as the year ends. The market has shown a rare "divergent trend," which is not solely driven by risk aversion but may be a "strategic response" from institutions and funds to the global monetary system.Ramnivas Mundada, Head of Economic Research and Corporate Research at GlobalData, predicts that the process of de-dollarization will accelerate against the backdrop of global central banks continuously adjusting their reserve structures and reducing reliance on dollar assets. By 2026, gold may further increase by 8%-15%, while silver could rise by 20%-35%.

According to Binance spot data, the market has experienced significant fluctuations. RARE has dropped by 11.94% in the last 24 hours, while DUSK has risen by 9.09% and reached a new high for the week.In addition, CELO has reached a new high today, with an increase of 5.42%. Both EPIC and VIRTUAL have shown a rebound from the bottom, with increases of 6.37% and 6.41%, respectively. The other tokens, API3 and RARE, have both shown a "high and then low" pattern, with decreases of 5.93% and 11.94%, respectively.

According to official news, MEXC has launched Infrared (IR) in the innovation zone and opened IR/USDT spot, contract, and swap trading.To celebrate the launch of Infrared (IR), MEXC has launched the Airdrop+ event, with a total prize pool of 55,000 USDT. The event is ongoing and will end on December 23, 2025, at 20:00 (UTC+8).

According to the official page, Binance Alpha has launched this TGE project Infrared (IR), with a current market cap of 55 million USD and a coin price currently reported at 0.271 USD.

According to the announcement from Huobi HTX, Huobi HTX will open the deposit service for IR on December 17 at 16:00 (GMT+8). The IR/USDT spot trading will open on December 17 at 20:00 (GMT+8). The withdrawal service for IR will open on December 19 at 20:00 (GMT+8). Meanwhile, Huobi leverage will introduce IR/USDT (10X) isolated margin trading on December 17 at 20:00 (GMT+8).It is reported that Infrared Finance is an application based on the liquidity proof consensus mechanism of Berachain, providing liquidity staking, validator infrastructure, and automated PoL vaults as its core infrastructure layer, which constitute the pillars of the chain's revenue and governance economy.

According to the official announcement, Binance Wallet will launch the Infrared (IR) exclusive TGE.Subscription Time: December 17, 2025, from 4 PM to 6 PM (UTC+8) Eligibility: Eligible users must participate using Binance Alpha points, an additional 5,000,000 IR will be used for future activities, and specific details will be announced separately. TGE details and the event page will be released soon.

According to the official announcement, the Berachain liquidity staking protocol Infrared has released details of the IR token airdrop. This airdrop aims to reward early community members who have continuously used Infrared during the points program, participants of the Boyco pre-deposit event, and users who actively engage in community activities (such as Discord interactions, user surveys, community events, testnet participation, etc.).The IR token has three main functions: staking to earn sIR for governance voting rights; participating in profit sharing through buybacks; and token issuance to optimize protocol efficiency and revenue. Users can pre-claim the airdrop through the CEX pre-deposit process, with the three centralized exchanges for pre-deposit being: Bitget, Gate, and KuCoin.Important dates are as follows: the centralized exchange pre-deposit window opens on December 16 at 1:00 (UTC+8), the centralized exchange pre-deposit window closes on December 17 at 16:00 (UTC+8), and the IR token officially launches. All claims will permanently close on January 12, 2026, at 08:00 (UTC+8).

According to Binance spot data, the market has experienced significant fluctuations. RARE has risen by 11.32% in 2 hours.In addition, ARDR has hit a new low today, with a decline of 7.15%; EGLD, LSK, PYR, CYBER, RED, RESOLV, and WAL have all shown a "pullback" state, with declines of 6.82%, 5.29%, 6.57%, 5.41%, 8.38%, and 6.81%, respectively.

Matrixport tweeted, "Bitcoin has entered an extreme panic zone, with market pessimism returning to a level rarely seen in nearly a decade. From an emotional standpoint alone, the current situation easily creates the illusion of 'panic bottoming and risk clearance.'However, beneath this surface, there are still many signals hidden in the data that traders have yet to notice. Several indicators that issued warnings before the drop in October have now moved to the opposite extreme, but this does not mean that the risks have been alleviated. Some key indicators are showing a clear divergence from prices, suggesting that a short-term market structure, which is almost unnoticed, is taking shape.Meanwhile, the macro pressures that triggered this round of sell-off have not eased, and the coming weeks will determine whether Bitcoin stabilizes or enters a deeper phase of correction."

According to Binance spot market data, there has been significant volatility in the market. IDEX has increased by 8.83% in 24 hours and has shown a rebound after hitting a low.At the same time, RARE has decreased by 15.99% in 24 hours, XNO has dropped by 14.22%, and WCT has fallen by 10.55%, all showing a peak and then a decline. NTRN, MORPHO, and LSK have each reached new lows today, with declines of 7.91%, 11.71%, and 8.93%, respectively. Additionally, TNSR has slightly decreased by 11.02% in 24 hours, while XAI has seen a slight increase of 3.3% within 5 minutes.

According to Binance spot market data, various dynamics have emerged. CHR increased by 6.92%, while reaching a bottom rebound state, and ONE increased by 6.49%, also reaching a bottom rebound state.On the other hand, FET experienced a "high pullback" state, with a decrease of 5.7%. FIS, ILV, and RARE also showed a "high pullback" state, with decreases of 10.61%, 10.53%, and 12.83%, respectively. PYR's decrease even reached 23.99%.

The BNB Chain ecological RWA card platform SuperSuperRare announced the launch of a card-drawing-based points leaderboard system. According to the official introduction, the current points mechanism of the SSR platform is calculated based on the FMV (Fair Market Value) of the cards obtained by users during each draw, and the ranking on the leaderboard will be determined by users' drawing records and the number of cards opened.SuperSuperRare stated that this project is a TCG (trading card game) combined with RWA on-chain drawing platform. The currently available Pokémon cards are all physical Pokémon cards certified by the rating agency PSA. Users can freely choose from three options: one-click buy back, trading in the NFT market, or redeeming physical cards for offline delivery.Currently, SSR has launched an unlimited blind box drawing function. Unlike most "black box" drawing mechanisms on the market, each draw will be determined by random numbers and algorithms to fairly draw cards of different rarity levels. In the future, a blockchain-based verifiable "lucky bag" limited drawing mechanism will also be launched.Previously, on November 12, the first user of the SuperSuperRare platform drew and chose to mint the "2021 Japan 25th Anniversary Edition Shiny Charizard" card, which was minted on-chain at BNB Chain block height 67930239, becoming the platform's first on-chain Pokémon card as a real RWA asset.