In the latest move, asset manager Canary Capital has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to bring a staked Injective ETF to the market. As a result, investors would get a regulated exposure to the INJ cryptocurrency along with the option to earn staking rewards. Canary Capital Submits S-1 to U.S. SEC for Injective ETF As per the latest regulatory filing, asset manager Canary submitted its S-1 registration statement with the U.S. Securities and Exchange Commission for ...

而在北京，中国人民银行（下称"央行"）牵头13个部门刚开完会，再次强调虚拟货币相关业务属于非法 金融活动，特别点名稳定币，提示其在反洗钱、跨境资金转移中的突出风险。 同一枚比特币，不同法域却给出了三种完全不同的"法律身份"界定，这并非简单的"谁更开放、谁更保 守"，而是一场关于数字时代如何重写货币与财产权边界的深层博弈。 同一种加密资产，不同的秩序想象。12月4日，比特币在9.3万美元一线来回震荡。 这一天，如果你站在伦敦，会看到英国刚刚通过一部名为《财产（数字资产等）法案2025》的新法，正 式将加密资产纳入"受法律保护的财产"范畴。在BitcoinPolicyUK首席政策官弗雷迪·纽看来，该法案可 能是"自中世纪以来英国财产法最大的变革"。 如果你转向纽约，华尔街正忙着给Circle、比特币ETF和一揽子"合规加密资产"重新定价，把它们纳入 美元金融体系的延长线；包括长期抗拒加密资产的Vanguard（先锋集团）也开始允许客户交易加密 ETF。这被海外资管圈视为过去48小时内（12月2日至3日）全球金融市场的重磅头条新闻。 伦敦：给加密资产发"房产证" 当地时间2025年12月2日，《财产（数字资产等）法 ...

Core Insights - The cryptocurrency market has experienced a dramatic decline, with leading companies like Strategy losing over $60 billion in market value, and significant volatility in assets like ETHZilla, which saw a 200% surge followed by a 29% drop [1][3] - The initial excitement around cryptocurrency investments, particularly through companies buying crypto assets, has been undermined by the explosive growth of cryptocurrency ETFs, which have reshaped market dynamics [3][5] - The collapse of crypto treasury companies is attributed to leverage effects and external policy shocks, with significant increases in borrowing and market volatility [5][7] Group 1: Market Dynamics - The approval of Bitcoin spot ETFs in the U.S. has led to a substantial increase in ETF assets, surpassing $122.39 billion by the end of 2024, while Hong Kong introduced related products worth $467 million [3] - The speed of fund flows into Bitcoin ETFs is 4.5 times that of gold ETFs, indicating a shift in investor preference towards crypto assets [5] - The market has seen a split among investors, with "whales" and institutional investors increasing their holdings, while retail investors are fleeing [9][10] Group 2: Company Performance - Companies with cash reserves are positioned to capitalize on market downturns, while those with high leverage are facing significant challenges [12] - The average cost of Bitcoin for some companies exceeds current market prices, leading to substantial stock price declines [12] - Regulatory scrutiny is increasing, with investigations into insider trading practices related to crypto treasury strategies expected to resume soon [12][14] Group 3: Technological Developments - Ethereum's upcoming upgrades, such as the Dencun upgrade reducing Layer 2 transaction costs and the planned Pectra upgrade introducing account abstraction, are seen as potential positive developments for the market [14] - Despite technological advancements, the ability of these breakthroughs to mitigate market bubbles and leverage risks remains uncertain [14]

Group 1 - The SEC has released a new disclosure guideline for digital asset-related exchange-traded products, indicating a potential shift in approval for crypto ETFs [2] - The guideline opens the door for ETF applications related to assets like SOL, XRP, DOGE, and even Trump-themed memecoins, suggesting that the era of altcoin ETFs may arrive sooner than expected [2] Group 2 - Dogecoin (DOGE) price has been on the rise, following the upward trends of Bitcoin and Ethereum, breaking through resistance levels of $0.1665 and $0.1680, and even surpassing the $0.170 mark [3] - Currently, DOGE is stabilizing above $0.1680 and the 100-hour simple moving average, with a bullish trend line forming on the hourly chart [5] - Short-term resistance levels for DOGE are at $0.1720 and $0.1730, with a potential to rise further to $0.180 or even $0.200 if it breaks the $0.1750 resistance [5]