Core Viewpoint - Goldman Sachs recently issued a report giving Robinhood (HOOD.US) a "Buy" rating with a target price of $167, highlighting strong customer engagement and a diversified revenue structure [1] Group 1: Business Performance - Management noted that the seasonal slowdown typically seen in the second half of the year may diminish due to business diversification [1] - The company expects to significantly increase crypto revenue through market share growth, as the increase in active traders will boost trading volume enough to offset potential pricing pressures [1] Group 2: Key Growth Areas - The prediction market is identified as a key focus area and growth driver for Robinhood, with management confident in its strong chances of success due to robust distribution channels [1] - The company is expanding its product range from sports and political events to other areas, with a recently announced joint venture in the prediction market expected to enhance revenue from this value chain [1] Group 3: Expansion Opportunities - Robinhood sees two expansion opportunities beyond its tokenization services already offered in Europe: 1) tokenizing private equity in the U.S. and 2) tokenizing stocks in Asia, contingent on regulatory changes [2] - Management believes that the cryptocurrency market structure bill will clarify regulatory authority and provide additional clarity on tokenization, supporting the adoption of digital assets, although there is uncertainty regarding the final draft of the bill [2]

伯恩斯坦分析师同样预测比特币将在明年年底达到15万美元，到2027年底接近20万美元。尽管最近的跌 势促使他们收回了此前关于今年将达到20万美元峰值的预测，但他们仍坚持认为比特币已经摆脱了其历 史性的四年周期模式，预示着更持久的增长轨迹。值得一提的是，比特币已从10月份超过126,000美元 的峰值下跌了近30%，机构购买已经逆转。 格隆汇12月10日｜在近期市场下跌后，华尔街最大的比特币多头们正在下调其短期预测，但他们的长期 信念并未动摇。长期的加密货币支持者渣打银行因企业司库需求崩溃和ETF资金流入疲软，将其比特币 价格预测砍半。该行目前预计，这种最初的加密货币将在2026年底前攀升至15万美元，低于此前30万美 元的预测，并将其长期目标价50万美元的实现时间从2028年推迟至2030年。 ...

Core Viewpoint - The cryptocurrency ETF market is experiencing a rise, with significant increases in the prices of various Ethereum and Bitcoin ETFs following the announcement of a pilot project by the CFTC regarding tokenized collateral in the derivatives market [1] Group 1: Market Performance - As of the report, the prices of various ETFs are as follows: - 嘉实以太币 (03179) increased by 6.06% to 7.875 HKD - 华夏以太币 (03046) rose by 6.03% to 7.83 HKD - 博时以太币 (03009) went up by 5.88% to 2.52 HKD - 嘉实比特币 (03439) climbed by 2.53% to 11.34 HKD [1] Group 2: Regulatory Developments - On December 8, the CFTC announced the initiation of a pilot project for tokenized collateral in the derivatives market, which includes guidelines for futures brokers, swap market participants, and clearinghouses [1] - The pilot project is based on two staff recommendations and a no-action letter sent to Coinbase, indicating a regulatory framework for tokenized assets [1] - The guidelines for collateral include tokenized versions of U.S. Treasury securities and money market funds, with clear requirements for asset segregation, reporting, and monitoring [1] Group 3: Tokenized Assets - Tokenized assets refer to the digital representation of real-world or financial assets on a blockchain, which, while not providing direct claims to the assets, are believed to enhance liquidity and support fractional ownership [1] - The process of tokenization may facilitate easier access for foreign investors to the U.S. market [1]

链上资金异动进一步印证价值。币界网数据显示，ADA巨鲸地址持仓调整活跃，大额转账频次增加， 资金多流向非托管钱包与DeFi质押协议，表明大户正长期布局。现货市场Taker CVD指标持续"买方主 导"，承接基础稳固。"巨鲸增持+散户跟进"的资金结构，为ADA回升提供动能，强化ADA币本位长期 逻辑。 币界网11月25日讯，加密货币市场震荡调整中，卡尔达诺（ADA）表现突出。截至发稿，ADA价格稳 定于0.42美元，较前一交易日上涨近5%，链上数据与衍生品信号共振，指向潜在回升空间。XBIT作为 链上服务专业平台，为投资者提供精准行情解读工具。对聚焦ADA币本位的投资者而言，此次反弹是 多维度数据积累的结果，如何借工具挖掘价值、把握机会成为核心命题。币界网报道，当前加密资金向 技术支撑明确的资产集中，ADA凭扎实链上数据成为重要配置标的。 一、ADA 币本位的多维度支撑逻辑 币界网报道，ADA币本位看涨逻辑闭环已形成。币界网数据显示，ADA现货与期货市场大宗订单集 中，市场降温背景下买方主导地位强化，这是价格复苏的前瞻信号。衍生品市场中，ADA未平仓合约 加权资金费率由负转正，周二报0.0014%，反映看涨力量 ...

Group 1 - The core viewpoint of the article is that GE Vernova anticipates higher revenue in 2026 driven by strong electricity demand, leading to an increase in its stock buyback authorization from $6 billion to $10 billion and a doubling of its quarterly dividend to $0.50 per share [1] Group 2 - The surge in electricity consumption from artificial intelligence and cryptocurrency data centers has increased the demand for grid equipment, as well as steam and gas turbines, benefiting companies like GE Vernova [1]

Group 1 - Major Bitcoin bulls on Wall Street are adjusting their short-term forecasts following recent market declines, but their long-term beliefs remain intact [1] - Standard Chartered has halved its Bitcoin price prediction for the end of 2026 to $150,000 from a previous forecast of $300,000, and pushed back its long-term target of $500,000 from 2028 to 2030 [1] - Bernstein analysts predict Bitcoin will reach $150,000 by the end of next year and approach $200,000 by the end of 2027, despite retracting their earlier forecast of a $200,000 peak this year [1] Group 2 - The demand from companies using Bitcoin as a treasury asset has diminished, leading to a shift in market dynamics, with ETF inflows becoming the primary support [2] - BlackRock's IBIT fund experienced approximately $2.3 billion in investor redemptions last month, marking its largest monthly outflow this year, raising concerns about the sustainability of Bitcoin's long-term holding strategies [2] - Bernstein analysts noted that despite a nearly one-third drop in Bitcoin prices, net outflows from existing Bitcoin ETFs accounted for less than 5% of their estimated total asset size, indicating a prolonged bull market cycle supported by institutional buying [2]

以太坊升破3300美元，日内涨5.71%。 ...

塞舌尔维多利亚, Dec. 09, 2025 (GLOBE NEWSWIRE) -- 全球最大的全景交易所 (UEX) Bitget 今日公布其 2025 年 10 月保护基金报告。数据显示，尽管数字资产市场经历充满挑战的一个月，但 Bitget 保护基金当月平均估值仍达到 741,435,710 美元。 该基金的估值于 10 月 6 日达到当月最高值，为 811,031,000 美元；于 10 月 17 日达到当月最低值，为 691,886,000 美元。即使在当月加密货币出现整体价格下跌的背景下仍保持了稳定。 今年 10 月被称为加密货币行业波动最剧烈的月份之一，主要资产面临大幅回调，并呈现出剧烈震荡态势。 在这样的背景下，Bitget 于 2022 年设立的保护基金（初始承诺资金为 3 亿美元）继续展现出强韧性与透明度。 该基金的十月平均估值仍较初始配置高出 147%，再次印证了该全景交易所有能力在不可预测的环境下保障用户资产的安全性。 该保护基金提供了一个可独立验证的安全保障机制，旨在保障用户免受异常市场事件的影响。 基金估值依据当前市场状况及持仓情况每日更新，确保用户能随时全面掌握可用的保障额度 ...

美国商品期货交易委员会（CFTC）将允许使用比特币、以太坊以及与USDC作为衍生品交易的抵押品，将加密货币更深入引入衍生品交易领域这一美国金融体系的关键环节。这个试点项目以两份工作人员咨询文件和一份发给 Coinbase的无异议函的形式发布，适用于期货经纪商、掉期市场参与者和清算机构。🗒️上周CFTC代理主席宣布，受CFTC监管的交易所能在衍生品交易所交易现货加密货币，突破了CFTC通常仅能监管衍生品产品而非基础资产的限制。 ...

Group 1 - The CFTC has decided to allow the use of Bitcoin, Ethereum, and USDC as collateral for derivatives trading, integrating cryptocurrencies deeper into the U.S. financial system [1] - This initiative is launched as a pilot program and includes guidelines for futures brokers, swap market participants, and clearinghouses, with specific requirements for asset segregation, reporting, and monitoring [1] - Tokenized assets, which represent real-world or financial assets on a blockchain, are expected to enhance liquidity and facilitate fractional ownership, potentially easing access for foreign investors to the U.S. market [1] Group 2 - The acting chair Caroline Pham announced that exchanges regulated by the CFTC can begin trading spot cryptocurrencies on derivatives exchanges, expanding the regulatory scope of the CFTC [2]