📅 December 23, 2025: Yueya's midday information compilation and analysis 📊 Market Overview: Liquidity Depletion Amid Extreme Panic Market Sentiment: Extreme Fear (Fear & Greed: 20-25) Key trend: BTC rebounded to $90,000 but encountered resistance, and is currently trading around $88,000. Approximately $200 million in liquidations occurred across the entire network in the past 24 hours. Macroeconomic pressures: Liquidity depletion during the Christmas holidays + Deribit's $28.5 billion in expiring options at year-end. 🔍 In-depth analysis of core trends 1️⃣ Regulatory "final shoe" accelerates: CFTC enters the Selig era Selig is officially sworn in as Chairman of the CFTC: Michael Selig, a supporter of crypto, has been appointed Chairman of the CFTC. His proposed Crypto Market Structure Act has reached the President's desk. This marks a substantial leap forward in market pricing power, moving from "vague regulation" to "legal protection." Trump's Treasury Narrative: Trump Media (TMTG) is suspected of spending $40 million to increase its BTC holdings. If presidential-affiliated companies follow MicroStrategy's lead, it could trigger a global corporate race to allocate BTC. 2️⃣ The "Comprehensive Penetration" of Traditional Finance (TradFi) JPMorgan: Finally launched its institutional-grade crypto spot/derivatives trading assessment. As a long-established financial bellwether, JPMorgan's entry indicates that institutional liquidity will experience exponential growth in 2026. The landscape of prediction markets is largely set: Coinbase's acquisition of The Clearing Company directly targets Polymarket. Prediction markets are transforming from a niche market into a battleground for compliant major companies. 3️⃣ The "paradigm shift" in blue-chip DeFi Uniswap ($UNI): Fee reform and the proposal to burn 100 million tokens have been passed. DeFi tokens have officially shifted from a "governance dummy" to a "value capture" model. Aave's internal brand war: A power struggle between the founder and the DAO led to a whale exiting with a $38 million sell-off. Governance risks have become the biggest short-term "black swan" event for blue-chip projects. 💹 Key Token Fluctuations and Risk Monitoring Token State Core Logic / Key Events $UNI🌟 Focus on the countdown to the implementation of fee reform. The expectation of burning 100 million tokens is a "certain positive" in an extremely panicked market. $SEI📈 Steadily expanding with the launch of OSL (Hong Kong licensed exchange) and a doubling of active addresses. Its compliant path is accelerating the absorption of Asian funds. $ETH⚠️ Selling pressure warning: ETHZilla, the treasury company, has sold over $100 million worth of ETH for two consecutive weeks to repay debts, indicating a significantly weak short-term trend. $ASTER💰 Strong market support: 80% of daily transaction fees are used for buybacks, with an average buyback price around $0.84, making it a stock with a "safety net" expectation. $LIT⚡ High volatility Hyperliquid pre-market perpetual contract is now available. Pre-market contracts amplify market sentiment; be wary of sharp reversals and market corrections. 🛡️ Safety Warning: A "Costly" $50 Million Lesson Case Recap: A whale suffered a heavy loss when it mistakenly transferred 50 million USDT by copying a similar address that had been corrupted in its "history". Prevention suggestions: > 1. Never just check the first and last digits: Attackers can generate addresses where the first 6 digits and the last 6 digits are completely identical. 2. Lock your contacts: Make sure to add frequently used addresses to the whitelist and prevent them from being copied directly from the transaction history. 3. Verify each digit: Randomly check at least 4-8 digits in the middle of the address. 💬 In-depth interaction: Which side are you on? Viewpoint 1: Will the success of Uniswap's burning model trigger a "burning involution" in the DeFi space? (Will Aave or MKR follow suit to grab liquidity?) Viewpoint 2: Gold ($XAU) broke through $4,400, setting a record, while BTC encountered resistance at $90,000. Is this a sign of safe-haven funds abandoning the market, or is it a final shakeout for crypto assets before the big test? Viewpoint 3: Will the Trump Media Group (TMTG) buying up cryptocurrency fundamentally change the balance sheet structure of US-listed companies?