Author: TechFlow TechFlow
Yesterday's Market Dynamics
The number of Americans filing for initial jobless claims for the week ending December 20 was 214,000, compared to an expected 224,000.
The number of Americans filing for unemployment benefits for the week ending December 20 was 214,000, compared with expectations of 224,000 and the previous week's figure of 224,000.
BlackRock: Fed rate cuts in 2026 may be limited
In a report, BlackRock strategists Amanda Lynam and Dominique Bly noted that the Federal Reserve is expected to implement only limited rate cuts in 2026. With a cumulative rate cut of 175 basis points in this cycle, the Fed is approaching its neutral interest rate level. Unless there is a sharp deterioration in the labor market, the room for further rate cuts in 2026 is quite limited. According to LSEG data, the market currently expects the Fed to implement two rate cuts in 2026.
CNBC: Kraken plans to launch its prediction market service in 2026.
According to CNBC, cryptocurrency exchange Kraken plans to launch a prediction market service in 2026. Mark Greenberg, Kraken's global head of consumer business, revealed the plan on CNBC's Crypto World program.
Brevis announced its token economics model: a total supply of 1 billion tokens, with 32.20% allocated for community incentives.
According to official sources, Brevis, the ZK smart verifiable computing platform, has released details of its ecosystem native token, $BREV.
The total supply of $BREV is 1 billion, of which 37% is allocated to ecosystem development, 32.20% to community incentives, 20% to the team, and 10.80% to investors.
The ecosystem development and community incentive portions will be linearly released over 24 months after the initial unlock, with 14.50% and 10.50% of the tokens circulating on TGE, respectively. The team and investor allocation portions are fully locked in the first year with no initial unlock, and then linearly released over the following 24 months.
Previously, it was reported that Brevis Network completed a $7.5 million seed funding round, led by Polychain Capital and Binance Labs.
Sonic has adjusted its token airdrop model, with the remaining 92.2 million tokens in the vault to be used for future incentives.
According to the Sonic Labs official blog, Sonic is shifting from an early distribution phase to a value creation phase, adjusting its token incentive strategy. Since minting 190.5 million S tokens in June 2025, approximately 89.5 million have been distributed in the first quarter, approximately 6 million in the second quarter, and approximately 2.8 million through the Kaito campaign. The remaining approximately 92.2 million S tokens will be used for incentive programs in 2026 and 2027.
Sonic stated that while the "airdrop model" of the crypto industry in recent years can drive short-term data growth, it is also a double-edged sword. The successful airdrop in the first quarter brought Sonic over $1 billion in total value locked, but the large-scale incentives also attracted short-term participants and created selling pressure. Going forward, Sonic will no longer conduct additional airdrop minting; remaining tokens will be used for airdrops, incentives, or burning. At the same time, Sonic will reassess its token economic model to ensure that network activities create value for long-term participants.
Curve DAO has rejected a $6.2 million Swiss Stake grant proposal.
According to The Defiant, Curve DAO has rejected a governance proposal to allocate 17.4 million CRV tokens (approximately $6.2 million) to Swiss Stake AG, the core developer of the decentralized exchange Curve Finance.
The proposal, submitted by Curve Finance founder Michael Egorov, aimed to fund the Swiss Stake team, which he manages, for software development, infrastructure, security work, and ecosystem support. The vote showed that 54.46% of participants opposed the proposal, while 45.54% supported it.
Voting data shows that addresses associated with Yearn Finance and Convex Finance accounted for nearly 90% of the votes against the proposal. Community members commented on the forum that the proposal raised concerns about centralization, questioning whether Curve's governance relied too heavily on a small group. Some members also suggested that Swiss Stake should provide a better explanation of past fund usage before approving new funds.
Hyper Foundation: HYPE held by the aid fund has been officially designated for destruction.
The Hyper Foundation announced on social media that HYPE tokens in the aid fund address have been officially designated for burning. The governance vote, which used a weighted voting method based on staking, resulted in 85% of staking in favor of burning, 7% against, and 8% abstaining.
Polymarket has confirmed that user accounts were hacked due to a third-party authentication vulnerability.
According to The Block, on December 24th, cryptocurrency prediction market platform Polymarket confirmed that multiple user accounts were hacked due to a security vulnerability in a third-party authentication provider. Affected users reported on social media that their funds were still wiped out even with two-factor authentication enabled. The issue appears to be related to an email login service provided by Magic Labs, a common registration method for many first-time cryptocurrency users.
Polymarket stated that it has resolved the security issue and there is currently no ongoing risk, but did not disclose the number of affected users or the amount of loss.
Aave founder accused of manipulating governance votes after spending millions of dollars on cryptocurrency.
According to Cointelegraph, Aave founder Stani Kulechov recently sparked controversy in the community by purchasing $10 million worth of AAVE tokens. Critics point out that this move may be aimed at increasing his influence in key governance proposal votes. The current controversy centers on a proposal to regain control of the protocol's brand assets, which is accused of being rushed into the voting stage without sufficient discussion. Data shows that the top three voters in the Aave DAO control more than 58% of the voting power, raising questions about the fairness of the governance mechanism.
Yi Lihua: Trend Research will prepare another $1 billion to continue increasing its ETH holdings.
LD Capital founder Yi Lihua posted on social media, "I am announcing that Trend Research is preparing another $1 billion to continue buying ETH. We are consistent in our words and deeds. I strongly advise against short. This will undoubtedly be a historic opportunity."
According to previous reports, Trend Research, a subsidiary of Yi Lihua, increased its holdings of 46,000 ETH today, equivalent to approximately $137 million.
Metaplanet Board Approves Expanded Bitcoin Purchase Program
According to Dlnews, the board of directors of Japanese company Metaplanet has approved several equity proposals aimed at raising funds to achieve its goal of holding 210,000 bitcoins by the end of 2027. Based on the current bitcoin price (approximately $87,250 per coin), the total value of these bitcoins would exceed $18 billion. The company will issue Class A and Class B shares with floating interest rates and quarterly dividends, while also opening investment channels to overseas institutional investors.
Market Dynamics
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