Core Insights - Solana's network activity has sharply declined, with trading volume on decentralized exchanges (DEXs) dropping by approximately 95% [1][2] - Despite the downturn, institutional investment and infrastructure development within the Solana ecosystem continue [4][7] Network Activity - The total value of Solana spot DEX trading volume has decreased from $38.4 billion in January to $1.7 billion, marking a 95% decline [2] - Active addresses interacting with Solana-based DEXs fell to around 2.85 million during the week of Dec. 8–14, the lowest level in a year [2][3] - Active addresses peaked at approximately 24 million in January, indicating a significant drop in participation [3] Revenue Impact - Solana application revenue has plummeted by 96%, decreasing from $40.6 million to under $1.4 million [3] Investment and Development - Continued investment and infrastructure development are evident, as Coinbase announced plans to integrate Solana-based tokens into its platform at the Solana Breakpoint 2025 conference [4] - This integration allows users to trade Solana-based tokens through Coinbase's standard interface, streamlining the trading process [5] Price Action - Solana's price remains under pressure, trading at around $132, down nearly 4% over the past week [8] - Technical indicators suggest downside risk, with the price trading within an ascending parallel channel since Nov. 21, which typically indicates corrective movements rather than a sustainable uptrend [8]

Core Insights - The TON Foundation has formed a strategic partnership with OpenPayd to enhance its global fiat infrastructure, which is crucial for supporting its operational capabilities and community initiatives [1][7] - This collaboration is particularly significant as TON expands its connections to traditional finance, aiming to serve over a billion monthly active users through Telegram's Mini Apps platform [2][5] Partnership Objectives - The partnership seeks to streamline financial processes amid TON's rapid growth, integrating OpenPayd's advanced universal financial platform to provide a single, robust API for international fiat payment connections [2][3] - Key operations being upgraded include the distribution of ecosystem grants, multi-currency treasury management, and payments to partners and contributors [3][4] OpenPayd's Role - OpenPayd offers a rails-agnostic platform that enables businesses to manage money globally across both fiat and digital assets, providing services such as embedded accounts, forex, and stablecoin on- and off-ramps [4][7] - The CEO of OpenPayd highlighted the strategic positioning of the TON ecosystem and the need for financial infrastructure that matches its global reach [3] TON's Future Initiatives - TON is actively pushing into traditional finance with initiatives like the $500 million Telegram Bond Fund, which has been tokenized on TON to facilitate access to debt instruments [6]

美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 12月16日，据Techinasia，日本区块链基础设施公司Startale Group与日本金融集团SBI Holdings计划于 2026年第二季度前推出一款受全面监管、与日元挂钩的稳定币，以支持全球结算。双方将根据一项新协 议合作开发这种数字货币。 Shinsei Trust & Banking将负责该稳定币的发行与赎回管理，而作为持牌加密交易所的SBI VC Trade将负 责其流通环节。这款日元稳定币将由一家信托银行发行，旨在用于全球结算和机构用途。Startale将负 责技术开发，SBI则将专注于合规监管与发行推广。 ...

TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 As filed with the Securities and Exchange Commission on December 15, 2025. Registration No. 333-291425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ AMENDMENT NO. 1 ____________________ Launchpad Cadenza Acquisition Corp I (Exact name of registrant as specified in its charter) ____________________ | Cayman Islands | 6770 | 98-1877330 | | --- | --- | --- | | (State or other jurisdiction of | (Pr ...

Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling approximately 0.4% on Monday. The Dow decreased by 0.27% to 48,328.47, while the S&P 500 dropped 0.11% to 6,819.62 [1] - In the commodities market, oil prices fell by 1.5% to $56.58, while gold decreased by 0.1% to $4,366.60. Conversely, silver rose by 2.2% to $63.395, and copper increased by 1.1% to $5.4175 [5] Sector Performance - Health care shares saw an increase of 0.9% on Monday, indicating a positive trend in that sector [1] - Energy stocks, however, experienced a decline of 1.5% [1] International Markets - European shares showed positive performance, with the eurozone's STOXX 600 gaining 0.74%. Spain's IBEX 35 Index rose by 1.11%, and London's FTSE 100 jumped by 1.06% [6] - In contrast, Asian markets closed lower, with Japan's Nikkei falling by 1.31% and Hong Kong's Hang Seng dipping by 1.34% [7] Economic Indicators - The NAHB/Wells Fargo Housing Market Index increased to 39 in December, marking the highest reading in eight months, up from 38 in November and exceeding market estimates of 38 [2][10] - The NY Empire State Manufacturing Index fell to -3.9 in December, a significant drop from the previous month's one-year high of 18.7, and below market expectations of 10 [8] Company News - 3 E Network Technology Group Ltd (NASDAQ:MASK) shares surged by 47% to $0.44 following a master services agreement for an AI data center in Finland [9] - Kyverna Therapeutics Inc (NASDAQ:KYTX) shares rose by 28% to $11.22 after announcing topline data from KYSA-8 [9] - Artiva Biotherapeutics Inc (NASDAQ:ARTV) shares increased by 50% to $4.94 after reporting positive initial safety data [9] - iRobot Corp (NASDAQ:IRBT) shares plummeted by 72% to $1.20 after filing for Chapter 11 bankruptcy [9] - Argo Blockchain PLC – ADR (NASDAQ:ARBK) shares fell by 22% to $5.35 amid volatility in the cryptocurrency market [9] - Momentus Inc (NASDAQ:MNTS) shares dropped by 43% to $0.48 following a 1-for-17.85 reverse split announcement [9]

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Core Insights - Kaspa (CRYPTO: KAS) has recently experienced a significant price decline of 17.5% over the past week, raising concerns among investors regarding its viability as a top-100 cryptocurrency project by market capitalization [1][8] Group 1: Technology and Infrastructure - Kaspa is a layer-1 network designed for scalability, utilizing the GHOSTDAG protocol to process over 100 blocks per second, which enhances its transaction capabilities [2] - The Crescendo upgrade implemented earlier this year improved transaction speed while maintaining stability, contributing to a more than 100% rally in Kaspa's native token in May [2] Group 2: Investor Concerns - The recent decline in Kaspa's price is attributed to the shutdown of the Kaspa Explorer, a key infrastructure tool funded by the project's solo developer, which has raised concerns about the project's stability and future development [5][6] - The abrupt announcement of the explorer's shutdown suggests potential financial troubles within the development team, leading to investor apprehension about the project's long-term viability [6][7] Group 3: Market Sentiment - The loss of a critical tool for tracking transaction flows and network metrics has left investors feeling uncertain, akin to the Federal Reserve operating without essential tools for effective monetary policy [6] - The significant weekly decline in Kaspa's price may indicate broader underlying issues that could lead to continued downside in the coming months [7]

Market Overview - Market capitalization for tokenized euros is analyzed across different blockchain networks [1] - Ethereum, Arbitrum, and Polygon are identified as leading chains in the tokenized euro market [1]

Group 1: Wallet Overview - Digital wallets serve as a bridge connecting users to blockchain technology, with a focus on asset security and management [1] - Wallets can be categorized into custodial and non-custodial types, with the former managed by third parties and the latter fully controlled by users [1] - The development cost of wallets is low, but the potential for malicious activities is even lower, highlighting the importance of open-source wallets [1] Group 2: RPC Protocol - The Remote Procedure Call (RPC) protocol is essential for enabling interaction between wallets and blockchains, allowing programs to call subroutines on other computers without additional programming [3] - RPC can be synchronous, requiring the client to wait for a response, or asynchronous, allowing for callback notifications [3] - JSON-RPC has become a mainstream choice due to its stateless and lightweight characteristics, facilitating a focus on business logic rather than protocol details [3] Group 3: Wallet Development Architecture - Reliable wallet construction requires solid underlying blockchain technology support, with developers needing to adapt to various blockchain protocols [3] - For Bitcoin wallets, understanding the UTXO (Unspent Transaction Output) model is crucial for handling transaction creation, signing, and broadcasting [3] - Mobile wallet development frameworks are critical, with iOS favoring Swift or Objective-C and Android preferring Java or Kotlin, while cross-platform frameworks like ReactNative and Flutter enhance code reuse and development efficiency [3] Group 4: Core Functionality - Asset storage and management are central to wallet functionality, necessitating secure storage solutions and encryption algorithms to protect private keys [5] - Transaction functionality must balance convenience and security, ensuring accurate transaction signing and broadcasting, including gas fee calculations for Ethereum transfers [5] - Multi-currency support is becoming a competitive advantage for wallets, requiring developers to understand the technical characteristics of different cryptocurrencies [5] Group 5: Security Practices for Payment Interfaces - Key security elements can be derived from established payment platforms like Alipay, including authorization password verification for sensitive operations and mandatory parameters for transactions [6] - A comprehensive exception handling mechanism is essential for traceability of issues [6] - The development of blockchain wallet interfaces must incorporate these security practices to ensure the wallet acts as a guardian of assets [6]

Core Insights - Solana has distinguished itself from other programmable cryptocurrencies, yet it still trails behind Ethereum in market leadership [1] - The platform's transaction speed and low costs are particularly attractive for developers in sectors like blockchain gaming and meme coins [1] Performance and Market Position - Solana needs to focus on long-term projects such as decentralized finance apps, stablecoins, and real-world asset tokenization to achieve significant growth [3] - Currently, Solana ranks second to Ethereum in the total amount of stablecoins and real-world assets issued on its network [3] Alpenglow Upgrade - The Alpenglow upgrade is anticipated to be a major enhancement for Solana, with developers labeling it as the blockchain's most significant upgrade [4] - This upgrade will replace the proof-of-history validation with a simplified process, aiming to enhance performance without compromising security [4] Transaction Improvements - Alpenglow is expected to reduce transaction finality time from 12.8 seconds to 100-150 milliseconds, significantly improving transaction speed compared to Bitcoin [5] - The new consensus mechanism will enhance security and reliability, making it harder for malicious actors to access the chain and reducing the risk of outages [6] Upgrade Timeline - Alpenglow is scheduled to go live in early 2026, with potential for an earlier launch [7] - The Solana community has shown strong support for the upgrade, having voted overwhelmingly in favor of it [7]