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Spot gold breaks through $4,500 for the first time.
Spot gold broke through the $4,500/ounce mark for the first time, with a cumulative increase of over $1,870 this year.
Russia plans to liberalize domestic cryptocurrency trading, allowing limited participation from retail investors.
The Central Bank of Russia has developed a regulatory framework for the domestic cryptocurrency market, proposing to allow retail investors to participate in trading after passing a knowledge test. Non-qualified investors can only purchase the most liquid cryptocurrencies, and must operate through a single intermediary, with an annual trading cap of 300,000 rubles (approximately $3,800). Qualified investors, after passing a risk awareness test, can purchase various cryptocurrencies without limit, except for anonymous tokens. This move is seen as the latest signal of a shift in Russia's attitude towards crypto assets amidst sanctions.
The probability of the Federal Reserve keeping interest rates unchanged in January is 86.7%.
According to CME's "FedWatch": the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 13.3%, and the probability of keeping interest rates unchanged is 86.7%. By March next year, the probability of a cumulative rate cut of 25 basis points is 40.7%, the probability of keeping interest rates unchanged is 54.4%, and the probability of a cumulative rate cut of 50 basis points is 5.0%.
[Trump: Anyone who disagrees with me will never become the Federal Reserve Chairman ]
US President Trump praised the third-quarter GDP data on social media, noting that GDP growth reached 4.2%, far exceeding the expected 2.5%. However, the market reaction is now unusual: in the past, good news boosted the market, but now good news often leads to flat or declining stock markets—because Wall Street is always worried that good news will immediately trigger interest rate hikes to prevent "potential" inflation. Trump stated, "This makes it difficult for us to recreate the prosperous markets of our nation's rise. Strong markets themselves do not cause inflation; wrong policies do. I want the new Fed chairman to cut interest rates when the market is doing well, not to suppress it unnecessarily. I want to see a market that hasn't been seen in decades: a market that rises when it should rise and falls when it should fall, a market that should be, and has always been." Trump also stated, "Inflation will naturally subside, and we can raise interest rates when necessary, but never to suppress the rise. If we let those 'nerds' do everything they can to destroy the upward trend, the nation will never be strong." Trump concluded bluntly, "Anyone who disagrees with me will never be the Fed chairman."
[ Institution: Strong US Q3 GDP Data Confirms Persistent "K-Shaped Consumption Divergence"]
In a report, Michael Pearce, chief economist at Oxford Economics, noted that the U.S. real GDP annualized growth rate in the third quarter exceeded the expected 4.3%, indicating that "the K-type consumer group remains active and significantly differentiated." He stated that he is more focused on final sales data reflecting U.S. domestic private purchasing power, pointing out that this data showed robust growth, reflecting strong momentum in consumer spending, particularly in services. This growth is mainly due to the recent wealth accumulation effect, while real disposable income remained largely flat. Pearce wrote, "This reflects the characteristics of a K-type consumer recovery—spending growth driven by older, wealthier households, while low- and middle-income groups continue to face difficulties."
[Data: In 2025, spot Bitcoin and Ethereum ETFs recorded nearly $31 billion in inflows.]
According to data from The Block, in 2025, spot Bitcoin and Ethereum ETFs recorded a combined inflow of $31 billion, indicating strong institutional demand.
Bitcoin held a dominant position, maintaining a market share of 70-85% throughout the year. This indicates that institutions still regard it as the primary entry point for cryptocurrency allocation and a macro hedging tool. In contrast, Ethereum, as the second largest allocation, had a share between 15-30%, showing a gradual increase throughout the year, reflecting a slow but increasing acceptance of mainstream Altcoin by institutions.
One notable phenomenon is that despite recent market volatility, the total amount of Ethereum held by publicly traded companies increased significantly in December, rising from 4.5 million to 5.09 million, driven by continued buying from a single institution (BitMine Immersion). Meanwhile, trading volume in Bitcoin ETFs slowed at the end of the year.
Solana treasury company Upexi files $1 billion shelf registration application with the U.S. SEC.
Upexi, the US-listed cryptocurrency treasury company Solana (DAT), has filed for a $1 billion shelf registration with the US Securities and Exchange Commission (SEC) to raise funds through various securities offerings. The company currently holds approximately 2 million SOL tokens, making it the fourth-largest holder of SOL assets among publicly traded companies. The potential proceeds could be used for various purposes, including working capital, research and development, and debt repayment.
It is worth noting that Upexi's stock price has fallen from its May peak of $22.57 to $1.825, and has fallen another 8.3% during trading today, with a market capitalization of $115 million.
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