Core Insights - The crypto derivatives market reached nearly $86 trillion in total volume in 2025, driven by institutional adoption and significant stress tests [1] - Daily average turnover was approximately $265 billion, establishing derivatives as the main venue for price discovery [1] Market Leadership - Binance led the market with $25.09 trillion, accounting for 29.3% of global volume, while the top four exchanges, including OKX, Bybit, and Bitget, held a combined market share of about 62.3% [2] - The market has shifted from a retail-driven model to one dominated by institutional hedging, basis trading, and ETF-related flows [2] Market Fragility - The market faced severe stress tests, with total forced liquidations estimated at $150 billion for the year [3] - An October deleveraging event, triggered by President Trump's announcement of 100% tariffs on Chinese imports, resulted in over $19 billion in liquidations within two days [4] Institutional Capital Impact - The influx of institutional capital, facilitated by spot ETFs, has permanently changed the market structure [5] - The Chicago Mercantile Exchange (CME) has gained dominance in BTC derivatives, surpassing Binance in futures open interest during significant periods [5] Structural Shifts - While Binance continues to command volume, the CME's leadership in open interest indicates a structural shift in the market [6] - The market is now highly sensitive to macroeconomic shocks, with leverage chains capable of causing cascading liquidations, as evidenced during the October tariff-driven selloff [6]

编辑：许沥心 该玩法通过 AI 对用户行为特征与市场节奏的解读，融合文化与数据元素，提供一份更具参与感的年 度"加密运势参考"。趣味预测内容涵盖年度关键词、开运指南、4 步财富法、财富模式画像等模块，帮 助用户从另一种视角回顾自身交易风格，并对新一年的市场心态与节奏进行自我校准。 Bitget 智能交易助手 GetAgent 近日上线一项隐藏趣味功能，结合东西方命理视角与加密市场趋势，以 轻松互动的方式，为用户生成 2026 年加密财运预测。 ...

Core Insights - The popularity of P2P crypto trading is increasing as users seek more control, lower fees, and diverse payment options, with projections indicating that by 2026, exchanges with the lowest fees will excel in P2P trading [1][2] - The distinction between P2P platforms and traditional margin trading exchanges is diminishing, allowing users to seamlessly transition between P2P and other trading products without incurring excessive fees [2] P2P Trading Platforms Overview - Best Wallet is highlighted as the overall best P2P crypto experience, offering a mobile-first approach with various local payment methods and no KYC for basic use [3][8] - MEXC is recognized for having no trading fees for P2P transactions and a wide array of payment options, although it may lack global recognition compared to larger exchanges [10][12] - OKX stands out for its variety of payment methods and low fees, supporting over 900 payment options, but may face regulatory challenges in certain countries [19][13] - Binance is noted as the largest P2P crypto exchange by user base, providing deep liquidity and a vast selection of payment methods, although some regions report support issues [20][26] - Bybit is praised for fast trades and strong escrow protection, with most P2P trades being free, but KYC is required for most features [27][31] - BingX combines P2P trading with social trading features, offering a robust platform but with fewer coin options compared to Binance [32][36] - KuCoin is recognized for its extensive payment options and user-friendly interface, although it primarily supports USDT in P2P trading [37][41] - Bitget is noted for its 24/7 customer support and free P2P trading, but may have lower trading volumes compared to larger exchanges [42][46] - CoinEx is highlighted for its vast crypto support and user-friendly interface, though it may lag in liquidity compared to top exchanges [47][49] - Uniswap is identified as the best P2P exchange for ERC-20 tokens, allowing users to swap tokens directly from their wallets without fees [51][53] P2P Trading Conditions - P2P trading typically incurs no fees, with users only responsible for network costs or spreads, and offers a wide range of payment methods including bank transfers and e-wallets [9][64] - Dispute resolution speeds vary by platform, with some providing moderate support while others may take longer to resolve issues [9][10] - Supported coins on P2P platforms can exceed 1,000, with merchant verification relying on reputation scores rather than strict checks [9][12] Benefits of P2P Trading - P2P exchanges offer no KYC requirements, decentralization, and a wide range of tokens, making them appealing for users prioritizing privacy and flexibility [61][63] - Lower fees are a significant advantage, with many platforms operating on zero or near-zero trading fees, benefiting high-frequency and arbitrage traders [65][66] - Fast transaction speeds are achievable, especially with efficient payment methods, allowing for quick crypto releases [66][67] Risks and Challenges - P2P trading is not without risks, including potential fraud and scams, which can occur through tactics like fake payment confirmations [69][70] - Counterparty risk is inherent in P2P systems, as transactions depend on the honesty of the other party, and dispute resolutions may not always be guaranteed [71][72] - Security vulnerabilities exist, including phishing scams and compromised accounts, emphasizing the need for users to implement strong security measures [73][74]

Core Viewpoint - Bybit will cease operations for Japanese residents in January due to regulatory pressure from Japan's Financial Services Agency (FSA) [1][2][4] Group 1: Regulatory Actions - The FSA has been pressuring Bybit since May 2021, issuing multiple warnings and ultimately leading to the exchange's decision to terminate services for Japanese customers [2][4] - Bybit's withdrawal follows a pattern of regulatory actions against overseas exchanges that provide services to Japanese residents, with the FSA actively enforcing compliance since 2017 [4] Group 2: User Impact - Bybit claims to have over 70 million users globally, and its exit from the Japanese market is expected to significantly impact many domestic users [6] - Users identified as Japanese residents will face account restrictions starting in 2026 unless they complete proof of address checks by January 22, 2026 [3] Group 3: Market Dynamics - Analysts speculate that Bybit's recent actions may be a strategic move towards officially entering the Japanese market, similar to Binance's approach in the past [5] - The FSA's regulatory environment has led to other exchanges, like Binance, adapting their strategies to comply, including acquiring local exchanges [5]

Bitget(@bitget)'s #Bitcoin reserves have been growing and now stand at 34,055 $BTC(~$3B) — up 114% year-over-year. https://t.co/39ZsuUzUPt ...

Core Insights - Bitget's tokenized stocks have achieved a cumulative trading volume exceeding $500 million, with significant activity centered around popular stocks such as Tesla, Nvidia, Apple, and Meta [1] - In the first week of December, trading volume for Ondo tokenized stocks on Bitget surpassed $88 million, capturing a 73% market share [1] - To lower participation barriers and enhance trading flexibility, Bitget has extended its zero-fee trading plan for tokenized stocks until January 16, 2026, waiving trading and Gas fees for specified products [1]

Base Ecosystem Development - Base App is now available in over 140 countries, aiming to be an all-in-one app for social, trading, and payments, with built-in earning mechanisms [1] - A Base Chain capacity upgrade increased the block gas limit to 375 million gas per block, enhancing burst capacity and throughput [2] - The Creator-Fi Accelerator, funded by Base, is open for applications, targeting the first 100 creators to help them learn, build, and earn onchain [3] - LiveFrame received investment from CB Ventures' Base Ecosystem Fund to develop creator capital markets software [3] New Launches and Integrations on Base - Banana Gun launched Banana Pro support for Base, offering swaps, limit orders, DCA, wallet tracking, and cross-chain views in a unified trading terminal [3] - Bitget Wallet rolled out a new Base token list, allowing users to hold assets like BTC, XRP, and LTC alongside Base-native tokens [4] - KuCoin Web3 added support for Coinbase-wrapped assets on Base, including cbBTC, cbETH, cbXRP, cbDOGE, cbADA, and cbLTC [5] - UpscaleTrade went live, providing an onchain proprietary trading platform with Base wallet login, onchain payments, and a verified vault contract [4] - Blox Malaysia launched a 1:1 Malaysian Ringgit stablecoin on Base [4] Mini App Ecosystem - Spend Permissions are live for all mini apps in the Base App, enabling smooth transaction UX without unlimited token approvals [2] - Upshot Cards is now live inside Base App, bringing its high-stakes prediction card platform to all users [9] - Wowmax Exchange launched its mini app, offering best-price swaps, cross-chain swaps across 20+ networks, and copy trading [9]

再说说币圈情绪管理 + 公开形象的顶级优秀案例吧…以及对应需要什么样的特征 + 品质能够做到这样的专业度家印哥 @xiejiayinBitget 的敬业程度夸张到什么程度，之前大晚上群里讨论到这个案例的时候聊到他的情绪管理是顶级的正面案例，就给他发了入群邀请，结果还没切出屏幕他就进群 + 回应了消息按家印哥的要求，顶级的 BD + PR 人才需要符合这几点素质：1、年轻、有激情、想赚钱 ❤️‍🔥2、BD圣体：天生让人有好感、渠道信息秒回、不推诿不拖拉不逃避，认真解决问题我补充一下第 3 点，就是情绪稳定，不把情绪带到工作里，并且有非常强的课题分离能力crypto 公司都是 startup，需要完成的工作都是那么多，想有特别好的 wlb 几乎是不可能的。顶级人才的综合素质都很高，这些特点都需要被反复打磨。这三点应该是所有想在 crypto 精益求精的人才都需要具备的Yuyue (@yuyue_chris):观 $ASTER $HUMA $PARTI 甚至 BNBChain 公关事件中，大户被骂的情况，有感而发别太把公司当家，能有效改善工作中的情绪。跟基层工作人员吵架的大户手里往往有着远比他们多的 share，就 ...

Social Media Activity - Bitget Wallet is engaging with its audience on Twitter (now X) [1] - Bitget Wallet is using an elf-related image in its header [1]

Over the past 7 hours, 5 wallets deposited 8.84M $LIGHT($8.2M) into #Bitget.$LIGHT surged from $1.35 to $4.75 over nearly 3 days, then crashed below $1 in less than 2 hours.In the past 24 hours, $LIGHT liquidations reached $16.17M, second only to BTC and ETH. https://t.co/bSuBGGqhTl ...