Core Viewpoint - Binance Futures is launching silver perpetual contracts, allowing crypto traders to leverage bets on silver prices, reflecting a growing interest in precious metals among crypto traders [1][4]. Group 1: Product Details - The silver perpetual contracts will offer up to 50x leverage, allowing traders to control positions significantly larger than their deposited margin [3]. - The contracts will be margined and settled in tether (USDT), with a minimum notional value of 5 USDT, and will incur a funding fee capped at ±2% every four hours [3]. - The launch of silver contracts follows the introduction of gold perpetuals, indicating a trend of diversification into precious metals within the crypto trading space [4][6]. Group 2: Market Performance - Silver experienced a remarkable 147% rally in 2025, reaching a peak price of $83.75 per ounce, while currently trading at $79.84 [5]. - Gold also saw significant gains, increasing by over 64% to $4,317, contrasting with Bitcoin's decline of more than 5% during the same period [5]. - The performance of precious metals has been bolstered by fiscal and inflation concerns, with silver benefiting from rising demand in solar panels and electronics [5]. Group 3: Trading Features - The silver contract will be available for futures copy trading within 24 hours of its launch, enhancing trading flexibility [6]. - A multi-assets mode will allow traders to use cryptocurrencies like BTC as margin collateral, accommodating for price volatility through haircuts [6]. - Binance is the first major exchange to offer perpetual contracts tied to silver, following smaller exchanges like MEXC and BTCC [6].

Core Viewpoint - Coinbase's stock (COIN) experienced an 8% increase following an upgrade from Goldman Sachs, which highlighted growth in tokenization, crypto infrastructure, and prediction markets as key factors for its positive outlook [1][3]. Group 1: Stock Performance - After a negative performance in 2025, COIN stock attracted new buying interest, closing at $254 on January 5, with a year-to-date gain of 10.56% [2]. - Goldman Sachs set a price target of $303 for COIN, indicating a potential upside of approximately 34% from recent lows around $225 [4]. Group 2: Revenue Growth and Product Expansion - Recent product launches and increased revenue from infrastructure-related services have bolstered Coinbase's long-term growth outlook [3]. - The bank estimates that new trading offerings, including US equities, prediction markets, derivatives, and enhanced banking services, now account for about 40% of Coinbase's revenue, a significant increase from less than 5% five years ago [4]. Group 3: Strategic Developments - Coinbase has initiated trading of its native COIN stock on its own exchange, marking a significant step in its operational strategy [5]. - CEO Brian Armstrong emphasized the company's goal of providing a comprehensive platform for users to access a wide range of financial products, including lower-rate loans and enhanced rewards credit cards [6][7].

Core Insights - Bitget's CEO Gracy Chen outlines the company's strategic direction for 2026, emphasizing the UEX concept that originated from a team brainstorming session and is now being implemented [1] - Bitget has achieved significant milestones, becoming the first crypto exchange to surpass $10 billion in stock futures trading volume and also exceeding $10 billion in cumulative trading volume during the TradFi testing phase [1] - The long-term goal for Bitget is to become a publicly listed company with a market capitalization of $100 billion [1] Strategic Directions - The company will focus on three main strategic areas: UEX, AI, and compliance, to expand its global asset coverage, enhance trading experiences, and strengthen regulatory frameworks [1] - 2026 marks the first full year of Gracy Chen as CEO, with the crypto industry entering a "golden age" that diverges from traditional structures, presenting opportunities for those willing to embrace uncertainty [1] - The opportunities in the current landscape are seen as rooted in code, consensus, and traffic, contrasting with previous generations' focus on land, licenses, and resources [1]

Market Performance - The Dow Jones Industrial Average rose 0.7% in December, marking its eighth consecutive winning month, the longest streak since 2018 [1] - The S&P 500 slipped about 0.06% for the month, while the Nasdaq Composite finished down about 1% [1] - The final five trading sessions of December were downbeat, with the Nasdaq losing 1.6%, the S&P 500 retreating 1.3%, and the Dow Jones falling 1.4% [2] Seasonal Trends - Historically, stocks tend to rise during the final five trading days of the year and the first two sessions of the new year, a pattern now under threat [3] S&P 500 Performance - The S&P 500 rallied 24% in 2023, 23% in 2024, and 16% in 2025, resulting in an almost 80% gain over three years, marking the strongest return over a three-year win streak since 2019-2021 [4] - The S&P 500 has not posted four consecutive annual gains since the five-year run from 2003 to 2007 [5] Economic Indicators - The Federal Reserve has issued hawkish guidance for 2026, with a cooling U.S. labor market and persistent inflation [5] - Developed-market central banks are unlikely to cut rates at the beginning of 2026 [5] Sector Highlights - Overvaluation and payoff concerns are prevalent in the artificial intelligence sector, which has driven the market over the past three years [6] Notable ETFs and Stocks - Defiance Daily Target 2X Long RKLB ETF (RKLX) rose 115.4%, with Rocket Lab Corp (RKLB) gaining about 73% in December due to increased investor interest in the space economy [7] - ProShares Ultra Silver (AGQ) increased by 44.5%, driven by strong industrial demand and tight supply dynamics [8] - AST SpaceMobile Inc (ASTS) stock gained 27.7% in December, benefiting from the space investing boom [11] - Micron Technology Inc (MU) stock rose 19.2% after reporting better-than-expected fiscal results [12] - Coinbase Global Inc (COIN) shares fell 14.1% due to increased regulatory scrutiny and skepticism towards stablecoin revenue [13] Currency Impact - The U.S. dollar slumped about 4.2% in December, which is favorable for commodity prices as they are priced in U.S. dollars [10]

Core Insights - Cryptocurrency exchange Coinbase is temporarily halting its operations in Argentina to reassess and strengthen its market approach [2][3] - This decision follows less than a year after Coinbase's launch in Argentina, indicating a continuous evaluation of its product offerings [2] Company Strategy - Coinbase aims to return to the Argentine market with a stronger and more sustainable product offering, emphasizing its commitment to enhancing customer experience [2][3] - The company views Argentina as a strategically important market for crypto innovation and intends to maintain its mission of increasing economic freedom through blockchain technology [3] Industry Context - The cryptocurrency sector is transitioning from a phase of regulatory ambiguity to a more compliance-focused environment, which has significant operational implications for crypto companies [4] - The rising cost of doing business due to increased compliance requirements may lead to higher barriers to entry, potentially reducing the number of unreliable operators in the industry [5] Regulatory Developments - The House passed the Clarity Act in July, aimed at providing regulatory structure to the crypto market, although a companion measure is stalled in the Senate due to partisan differences [6]

Core Insights - Coinbase CEO Brian Armstrong announced an "everything exchange" strategy for 2026, aiming to integrate crypto, equities, prediction markets, and commodities across various product types [1] - The strategy positions Coinbase to compete with traditional brokerages and expand into tokenized securities and event-based markets, which have seen significant trading volume [1] - Armstrong emphasized the goal of making Coinbase the leading financial app globally, with major investments in product quality and automation [1] Prediction Markets and Tokenized Stocks - Coinbase has entered the prediction markets space by partnering with Kalshi, a regulated platform approved by the US Commodity Futures Trading Commission [2] - The prediction interface will support trading in various categories, including economics, politics, sports, and technology, using USDC or USD [2] - The product will operate under Coinbase Financial Markets, utilizing Kalshi's regulatory framework for event contracts structured as yes-or-no questions [3] Tokenized Equities Growth - Coinbase plans to issue tokenized equities in-house, differentiating itself from competitors like Robinhood and Kraken, which rely on third-party providers [3] - Monthly transfer volumes for tokenized equities have increased by approximately 76% over the past 30 days, reaching about $2.46 billion, as platforms explore bringing traditional assets on-chain [4] Industry Trends - Prediction markets have gained traction over the past year, attracting interest from both traditional exchanges and crypto-native firms as a new monetization avenue [5] - Other companies, such as Gemini and Crypto.com, are also entering the prediction market space, indicating a growing trend in the industry [5] Global Expansion Plans - Coinbase aims to scale stablecoins and payment solutions while bringing users on-chain through its developer tools, Base blockchain, and consumer app [6]

Core Insights - Web3 is becoming more tangible and is entering real-world applications, with improvements in technology and user experience leading to broader market validation [1][6] - Gate has achieved significant milestones, ranking second globally in spot trading volume and liquidity, with total reserves reaching $11.676 billion and a reserve ratio of 124% [2][5] - The crypto market is evolving, with a shift towards platform resilience and asset transparency, as well as increased on-chain activity indicating a move away from speculative trading [5][14] Company Achievements - Gate has established itself as a leader in the crypto space, maintaining a top-three position in derivatives trading volume and security measures [2][3] - The company has enhanced its brand visibility through partnerships with Oracle Red Bull Racing and FC Internazionale Milano, aiming to present a professional image of the crypto industry [2][8] - Gate's 12th anniversary marks a pivotal moment in its journey, preparing for a more ambitious future [4] Market Trends - Bitcoin's price increases have attracted long-term capital back into the crypto market, shifting focus from short-term gains to long-term ecosystem vitality [5][17] - The integration of Web3 with AI and other technologies is becoming more pronounced, enhancing trading, data analysis, and risk management capabilities [6][19] Strategic Focus - Gate's commitment to the "All in Web3" strategy emphasizes building a solid infrastructure and user-friendly experiences to facilitate broader adoption [12][16] - The company aims to connect on-chain and off-chain worlds, enhancing security, performance, and compliance as it expands globally [8][15] - Future plans include further investment in talent acquisition and development, ensuring a strong organizational foundation for sustainable growth [21][25] Vision for the Future - The goal is to make Web3 seamlessly integrate into everyday life, transforming how users manage investments, payments, and asset management [18][19] - Gate envisions a mature Web3 that simplifies life rather than complicating it, providing individuals with greater freedom [20][22] - The company is focused on gradual, steady progress towards a more open and expansive Web3 era, emphasizing long-term commitment and collaboration within the industry [25][26]

Core Viewpoint - LBank Exchange is set to list HEXK, the native utility and governance token of HEX-CHAIN, with trading for the HEXK/USDT pair commencing on December 30, 2025 [1][3]. Group 1: HEX-CHAIN Overview - HEXK serves as a utility and governance token within HEX-CHAIN, which is a distributed computing and key verification network focused on large-scale cryptographic computation [3]. - The project aims to unify idle global compute power for blockchain key space analysis, emphasizing computational execution over traditional mining [4]. - HEX-CHAIN employs a multi-layer system that separates computation, verification, coordination, and reward settlement, allowing for horizontal scalability and low latency synchronization [5]. Group 2: Tokenomics and Utility - The total supply of HEXK is fixed at 10,000,000 tokens, and it operates as a non-mutable SPL token within the Solana ecosystem [6][7]. - Users can stake HEXK to access the HEXK Pool, participate in distributed computation tasks, and become eligible for scan rewards and discovery incentives [7]. - HEXK is distributed to contributors based on their verified workload and successful discoveries, incentivizing participation in the network [8]. Group 3: Governance and Validator Participation - Holding sufficient HEXK allows participants to register as validators, contributing to the verification of scan data and maintaining network integrity [9]. - HEXK operates on a one token one vote model, enabling holders to propose and vote on protocol parameters, upgrades, and ecosystem expansion [11]. Group 4: Allocation Breakdown - The allocation of HEXK is structured as follows: 60% for HEXK Pool Reward Deposit, 20% for Development Team Pre-sale, and 20% for Institutional Investors [12]. Group 5: Roadmap - The roadmap includes phases for completing a CPU-based computation system, deploying the initial HEXK Pool, launching the core protocol, and developing GPU acceleration and multi-node synchronization [14]. Group 6: About LBank - LBank, founded in 2015, is a leading global cryptocurrency exchange with over 20 million registered users and a daily trading volume exceeding $10.5 billion [15]. - The platform has a history of zero security incidents and offers innovative trading solutions, achieving average returns of over 130% on newly listed assets [15][16].

Mirae Asset, a Seoul-based financial group, is considering buying South Korean cryptocurrency exchange Korbit, the Korea Times reported on Monday. The company is in talks to acquire 92% oof Korbit for as much as 140 billion won ($97 million), according to the report, which cited industry officials. Mirae Asset, which offers asset management, wealth management, investment banking and insurance, is a prominent company in traditional finance (TradFi) in South Korea. The acquisition would be its first involv ...

Group 1: IPO Market Overview - The total number of IPOs in 2025 surpassed 200, significantly up from 150 in the previous year, indicating a healthy environment for equities [1] - 2026 is expected to be prosperous for IPOs, with high-profile companies like SpaceX and Kraken planning to enter the market [2] Group 2: SpaceX Company Insights - SpaceX, founded by Elon Musk, is currently the leading space-launch business globally and plans to IPO in 2026 [4] - The company is projected to generate $15.5 billion in revenue in 2025, with estimates for 2026 revenue reaching between $22 billion to $24 billion, indicating a growth rate of at least 42% [5][6] - SpaceX aims to build AI-capable data centers in space, leveraging the advantages of the vacuum of space for cooling [7] Group 3: Valuation and Market Position - SpaceX is valued at approximately $800 billion, with speculation that its IPO could be valued at $30 billion or more [9]