[2/2] 3. Price and Key Levels: BTC experienced significant intraday volatility, with the key levels to watch being around 85,000 and 88,000. Resistance levels are indicated at 98,600-107,000 and 112,500. Multiple news sources indicate that BTC briefly rebounded above 88,000 and also dipped below 85,000; the market is suggesting a higher resistance level. (BlockBeats | TechFlow | BlockBeats) 4. On-chain/Derivatives: Large leveraged short positions and hedging operations observed on platforms such as Hyperliquid: Whale were detected opening BTC/ETH short positions on Hyperliquid (various cases including 10x and 40x leverage), and there were also suspected hedging strategies involving "buying spot ETH while simultaneously adding to high-leverage ETH short positions." (Foresight News | BlockBeats | BlockBeats) 5. CryptoQuant: Bitcoin Valuation "Reset" in Progress: The NVT golden cross indicates that short-term NVT is below the long-term trend, and the price is trading at a discount relative to on-chain activity; the indicator has rebounded from the low of this cycle but is still deviating. (PANews) ━━ Project Updates ━━ 1. Bitfinex announces the complete elimination of transaction fees: covering spot, leveraged, perpetual, security, and OTC trading, with Maker/Taker fees at 0; however, lending fees, funding rates, and withdrawal fees will remain unchanged. (PANews) 2. Solana's early DeFi protocol Lifinity will gradually shut down and plans to distribute approximately $42 million in treasury funds: The governance proposal is nearing unanimous approval, proposing to exchange the treasury funds and remaining development funds for USDC and distribute them proportionally to LFNTY holders; the community estimates each LFNTY coin at approximately $0.90–$1.10. (BlockBeats | PANews) 3. Base Chain Capacity Upgrade + Base App Open Data: Base has increased the block gas limit to 375 million/block and raised the minimum base fee to 0.0005 gwei; the Base App added over 12,000 new users on its first day of operation, bringing the total number of users to approximately 176,000. (PANews | BlockBeats) 4. Synthetix returns to the Ethereum mainnet and launches a perpetual contract DEX (hybrid CLOB): on-chain custody + off-chain matching, initially supporting BTC/ETH/SOL perpetual contracts with a maximum leverage of 50x, and plans to launch incentives in Q1 next year. (BlockBeats | Odaily) 5. Aptos Proposal AIP-137: Proposes to introduce an "optional post-quantum signature scheme": adding an optional quantum-resistant signature type at the account level without affecting existing accounts. (AIP-137 | TechFlow) 6. RateX (RTX) Related: Binance Alpha Launch/Airdrop Threshold + Token Economics Disclosure: Airdrop threshold is 226 Alpha Points, claiming costs 15 Alpha Points; total token supply is 100 million, with 44.18% allocated to the ecosystem and community, 20% to the team, 20% to the treasury, and 15.82% to investors (the airdrop is part of the ecosystem and community, released quarterly). (TechFlow | PANews) 7. Metaplanet ADRs begin trading in the US (MPJPY): The ADRs are traded 1:1 with ordinary shares on the US over-the-counter market; the company emphasizes that this ADR program is not for financing purposes. (BlockBeats | Foresight News) ━━ Other ━━ 1. Regulation/Compliance: Hong Kong Studies Regulatory Framework for Tokenized Bond Issuance and Trading: The Hong Kong Financial Services and the Treasury Bureau stated that it is studying the relevant legal regulatory framework and promoting the adoption of tokenization technology in the bond market; the Hong Kong Monetary Authority is simultaneously advancing projects such as digital currencies and tokenized deposits. (PANews) 2. Law Enforcement and Criminal Liability: IcomTech Crypto Ponzi Scheme Promoter Sentenced to 71 Months: Ordered to Pay Nearly $790,000 in Restitution and Forfeit Approximately $1.5 Million in Assets; Case Deceived Investors to Lose Millions of Dollars Under the Guise of "Mining/Trading Fixed Returns." (Decrypt | TechFlow) 3. Cryptocurrency Mining Crackdown: Libya Intensifies Crackdown on Illegal Crypto Mining: Under low electricity prices, mining is estimated to consume approximately 2% of the country's electricity output; in November, some individuals involved were sentenced to three years in prison. (Foresight News | PANews) 4. Tokenization/US Stocks on-chain: 500 stock tokens deployed in a single day on Arbitrum's "Robinhood: Deployer": Arbiscan data shows a record-breaking single-day deployment on December 17th, with a cumulative total of 1,997 tokens deployed. (WuBlockchain)