Bitcoin is concluding the year with sluggish performance instead of a 'Santa rally,' driven by four key factors, according to an analysis by DL News. The report identifies these factors as mechanical ...

Bitcoin is concluding the year with sluggish performance instead of a 'Santa rally,' driven by four key factors, according to an analysis by DL News. The report identifies these factors as mechanical selling pressure from long-term holders who have held their assets for over 155 days, selling activity influenced by the four-year halving cycle, weakened investor sentiment amid concerns of a potential bubble in the artificial intelligence sector, and the fallout from the largest-ever forced liquidation event, which occurred in October.

Analysis: Bitcoin ending year on a sluggish note

Offchain Labs – the research and development team behind Arbitrum – recently announced a further increase in its ARB Token holdings, further reinforcing its long-term investment commitment to the company...

The Arbitrum team announces the purchase of additional ARB Token , increasing its investment in the project's core operations.

CEO ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality currencies, however, he believes that the ultimate form of a superior currency in the future...

CEO ether.fi: Neither Bitcoin nor Ethereum are high-quality cryptocurrencies yet.

This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...