Bitget Daily Briefing (December 16) | In the past 24 hours, $508 million in long positions were liquidated in the cryptocurrency market; CME launched XRP and SOL futures contracts quoted in spot prices; The competition for the Federal Reserve chairmanship intensifies, with Hassett facing opposition from senior officials close to Trump

Today's Outlook

1. Strategy invested $980.3 million last week to increase its holdings by 10,645 Bitcoin, while Bitmine increased its holdings by 102,259 ETH, worth $321 million. Currently, Strategy's Bitcoin holdings have an unrealized profit of $9.618 billion, and Bitmine's Ethereum holdings have an unrealized loss of $3.019 billion. Bitmine currently holds over 3.2% of the ETH token supply, with total assets reaching $13.3 billion.

2. The U.S. Senate has postponed the consideration of the cryptocurrency market structure bill until next year.

3. The New York Times: The U.S. SEC has dropped 60% of the cryptocurrency cases inherited from the Biden administration, most of which involve business dealings with the Trump family.

Macroeconomic Highlights

1. Federal Reserve's Williams stated that the cooling labor market and easing inflation risks provided a basis for the Fed's decision to cut interest rates last week.

2. According to insiders, the market once viewed the candidacy of White House National Economic Council Director Hassett for Fed Chair as almost certain, but now it faces opposition from some high-level individuals closely associated with Trump.

3. Last week, global listed companies net purchased $980 million in BTC, with Strategy buying 10,645 Bitcoins.

Market Trends

1. In the past 24 hours, the cryptocurrency market experienced a total liquidation of $594 million, with long positions accounting for $508 million. The liquidation amount for BTC was $179 million, and for ETH, it was $193 million.

2. U.S. stocks: Dow Jones -0.09%, S&P 500 -0.16%, Nasdaq Composite -0.59%. Additionally, Nvidia (NVDA) rose 0.73%, Circle (CRCL) fell 9.6%, and Strategy (MSTR) dropped 8.14%.

3. Bitget's BTC/USDT liquidation map shows: the current BTC price is around 85,998, with long liquidations around 85k having been mostly released, while short liquidations in the 87k--92k range are rapidly accumulating leverage, indicating significant "short squeeze" potential. If the price breaks upward and stabilizes above 87k, it may trigger continuous short liquidations, accelerating the rise; conversely, if it falls back below 85k, short-term momentum will significantly weaken.

4. In the past 24 hours, BTC spot inflows were approximately $127 million, outflows were about $149 million, resulting in a net outflow of $22 million.

News Updates

1. Grayscale report: Quantum computing is unlikely to impact cryptocurrency prices by 2026.

2. Citizens: Revenue from prediction markets could grow fivefold by 2030, surpassing $10 billion.

3. Nasdaq plans to file documents with the U.S. Securities and Exchange Commission on Monday to launch all-weather stock trading services.

4. Japan's Startale and SBI will launch a regulated yen stablecoin.

Project Progress

1. The Avalanche Foundation has established a distributed ledger technology entity in Abu Dhabi.

2. Ripple stablecoin RLUSD expands to L2 networks, adopting Wormhole's NTT standard.

3. a16z crypto transferred 276,000 COMP to Coinbase Prime.

4. Circle will acquire the Interop Labs team and intellectual property, while Axelar will remain independently operated.

5. MetaMask has added native support for Bitcoin, continuing its multi-chain progress.

6. The Block: Bitcoin network activity has dropped to its lowest level in 12 months, with the 7-day moving average of active addresses falling to 660,000. While a seasonal slowdown is expected, several network indicators are showing signs of weakness.

7. CME launched XRP and SOL futures contracts quoted in spot prices.

8. Bittensor completed its first halving, reducing the daily issuance of TAO to 3,600.

9. Charles Schwab has added Solana and Micro Solana futures products.

10. Ondo Finance plans to launch its tokenized stock and ETF platform on the Solana chain in early 2026.

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