Solana Policy Institute、Superstate Inc. 和 Orca Creative 向美国证券交易委员会提交提案“Project Open”，建议利用公共区块链基础设施实现证券发行与交易，以提高效率并支持现有监管目标。包括注册为 Token Shares 的数字股权、经 KYC 和教育培训白名单认证的钱包地址、由区块链记录的股东名册、非托管或合规托管的钱包结构、即时结算机制，以及基于智能合约的点对点交易。

<div>Solana Policy Institute、Superstate Inc. 和 Orca Creative 向美国证券交易委员会提交提案“Project Open”，建议利用公共区块链基础设施实现证券发行与交易，以提高效率并支持现有监管目标。包括注册为 Token Shares 的数字股权、经 KYC 和教育培训白名单认证的钱包地址、由区块链记录的股东名册、非托管或合规托管的钱包结构、即时结算机制，以及基于智能合约的点对点交易。<br><br></div>

Solana 等机构向 SEC 提交 “Project Open” 提案，倡议在公链上发行和交易证券

Solana Policy Institute, Superstate Inc. and Orca Creative submitted a proposal "Project Open" to the U.S. Securities and Exchange Commission, proposing to use public blockchain infrastructure to enable securities issuance and trading to improve efficiency and support existing regulatory goals. Including digital equity registered as Token Shares, wallet addresses certified by KYC and education and training whitelists, shareholder registers recorded by blockchain, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and peer-to-peer transactions based on smart contracts.

<div>The Solana Policy Institute, Superstate Inc., and Orca Creative submitted a proposal called "Project Open" to the U.S. Securities and Exchange Commission, suggesting the use of public blockchain infrastructure to enable securities issuance and trading, aiming to improve efficiency and support existing regulatory objectives. This includes digital equity registered as Token Shares, wallet addresses whitelisted through KYC and educational training, a shareholder registry recorded on the blockchain, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and peer-to-peer trading based on smart contracts.<br><br></div>

Solana and other institutions submitted a "Project Open" proposal to the SEC, advocating the issuance and trading of securities on the public chain

Following the controversy surrounding Fundstrat's Bitcoin views, co-founder Tom Lee responded, stating that the "contradictory predictions" seen by outsiders were actually research conclusions from different positions and timelines, not internal disagreements. Previously, Sean Farrell, head of digital asset strategy at Fundstrat, suggested that Bitcoin might retrace to the $60,000-$65,000 range in the first half of 2026; while Tom Lee believed Bitcoin could reach new highs, even surging to $200,000 as early as the beginning of 2026. A Fundstrat...

Tom Lee responds to Fundstrat's "contradictory" views on Bitcoin: Different positions, different timelines, not internal disagreements.

Source: Galaxy Research
Translation: Jinse Finance
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 breakout 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 liquidations, and the actions of whale...

Galaxy: 26 Predictions for the Crypto Market in 2026

Next Week's Key Preview

December 22nd

Aster: Phase 5 airdrop will begin on December 22nd and last for 6 weeks;

Espresso will open airdrop registration on December 22nd;

December 23rd

The U.S. Bureau of Economic Analysis will release third-quarter GDP data on December 23rd;

December 24th
U.S. and European stock markets will be closed for Christmas, and whether a "Christmas rally" will materialize remains uncertain;

The U.S. will release initial jobless claims for the week ending December 20th;...