美股上链 & 资产代币化12 月信号集中爆发，过去市场还在讨论「股票上链是不是伪需求」而 华尔街已经开始讨论「如何把股票上链」
从 SEC → DTCC → 纳斯达克  → 贝莱德
资产代币化从概念，正式进入金融基础设施推进阶段
我整理了 10 条关键信号
2026 年 #美股上链 将成为一条确定性叙事🌟

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December saw a concentrated surge of signals regarding the blockchainization of US stocks and asset tokenization. While the market was previously debating whether blockchain-based stock trading was a false demand, Wall Street is now discussing how to implement it.

From the SEC → DTCC → Nasdaq → BlackRock, asset tokenization has officially moved from concept to the financial infrastructure implementation stage.

I've compiled 10 key signals.

Blockchainization of US stocks will become a definite narrative in 2026.🌟

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

This article is from Kyle Crypto Hunt.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
Editor's Note: Arthur Hayes, the legendary market predictor, co-founder of BitMEX, is at it again, offering his predictions. In today's episode of the Kyle Crypto Hunt podcast, Hayes discusses macroeconomic liquidity changes, market trends, his personal positions, and trading strategies...