（来源：吴说） 来源：市场资讯 据行业倡议组织 BitcoinForCorporations 测算，若 MSCI 将资产负债表中加密资产占比较高的"加密资产 金库型公司"剔除出其指数体系，受影响的 39 家公司或面临约 100–150 亿美元的被动资金流出，自由流 通市值合计约 1130 亿美元。摩根大通估计，Strategy 单一公司可能面临约 28 亿美元流出，其占受影响 市值约 74.5%。MSCI 表示正就该规则征求意见，最终结论将于 2026 年 1 月 15 日公布，并可能纳入 2026 年 2 月指数评审。（Cointelegraph） ...

（来源：吴说） 医疗健康及比特币金库公司 KindlyMD（NAKA）表示，其股价已连续 30 个交易日低于 1 美元，纳斯 达克已发出退市风险通知。公司需在 6 月 8 日前使股价连续 10 个交易日收于或高于 1 美元，以恢复合 规。KindlyMD 于 8 月通过反向并购完成重组，目前持有 5,398 枚比特币。该股在交易宣布后曾大幅上 涨，但此后回落，周一收于 0.38 美元。（CoinDesk） 来源：市场资讯 ...

此外，市场上也出现了更多熊市投资者的退场迹象。例如，Standard Chartered的分析师Geoff Kendrick 近期下调了对未来几年比特币价格的预期，这与部分投资者提前获利了结的操作一致。Easy Markets易 汇认为，这类市场结构调整虽然短期内可能带来波动，但长期来看，为比特币提供了健康的价格修正空 间。 展望未来，美联储预计将在周三结束的两天会议上下调基准利率25个基点。尽管市场普遍预期此次降 息，但在美国经济依然稳健的背景下，宽松的金融条件有望进一步提振风险偏好。Easy Markets易汇认 为，这种政策环境将为比特币及其他数字资产提供持续支撑，同时也为投资者在价格回调后的入场创造 机会。整体来看，当前市场正在经历从卖方到买方的情绪转换，短期内仍可能伴随波动，但对长期投资 者而言，这是观察和布局数字资产的有利时机。 新浪合作大平台期货开户 安全快捷有保障 12月10日，比特币BTC在周二美市早盘强势回升至94000美元以上，这一反弹恰逢美联储预计将降息的 一天前。Easy Markets易汇认为，此前持续的下跌行情出现转折，显示市场卖压可能正在减弱。早盘比 特币价格一度徘徊在9000 ...

Core Viewpoint - The article discusses the divergent legal statuses of cryptocurrencies in different jurisdictions, highlighting the recent legislative changes in the UK, the regulatory environment in the US, and the strict stance taken by China towards virtual currencies [2][9][10]. Group 1: UK Developments - The UK has enacted the "Property (Digital Assets etc.) Act 2025," which recognizes digital assets like Bitcoin and NFTs as personal property under the law, allowing for inheritance, mortgage, and legal claims [3][4]. - This legislation is seen as a significant shift in property law, providing a legal framework for ownership and recovery of stolen digital assets, and is a response to a 2023 report by the UK Law Commission [3][4]. - The UK aims to establish a clear legal basis for digital assets to ensure they can be managed and enforced in civil and criminal disputes [4]. Group 2: US Developments - In the US, the focus is on "compliance domestication and market pricing," with significant movements in the cryptocurrency market, particularly regarding Circle's IPO and the establishment of a regulatory framework for stablecoins [5][6]. - Circle's stock has seen substantial growth, reflecting the market's positive reception to regulatory clarity around stablecoins, which are increasingly viewed as compliant extensions of the US dollar [6][7]. - The US approach emphasizes the financialization of cryptocurrencies, particularly those that can meet regulatory requirements, rather than simply legitimizing all crypto assets [6][8]. Group 3: China Developments - China maintains a strict stance against virtual currencies, categorizing them as illegal financial activities and emphasizing that they do not hold legal tender status [9][10]. - Recent meetings led by the People's Bank of China have reiterated the risks associated with stablecoins, particularly in terms of anti-money laundering and capital control [10]. - The Chinese regulatory framework aims to isolate risks associated with cryptocurrencies while promoting the digital yuan as a controlled alternative [10][13]. Group 4: Global Implications - The article highlights a growing divergence in global digital asset governance, with the UK, US, and China adopting fundamentally different approaches to cryptocurrencies [11][12]. - The UK focuses on property rights and legal recognition, the US on compliance and market integration, while China emphasizes strict control and risk isolation [12][13]. - This divergence suggests that the future of digital asset regulation will involve navigating complex legal landscapes across different jurisdictions, impacting market participants significantly [11][16].

Core Viewpoint - The article discusses the rapid establishment of a $10 billion cryptocurrency business by the Trump family within a year after Donald Trump's presidential election victory, highlighting potential risks of political corruption associated with this accumulation of wealth [4]. Group 1: Cryptocurrency Business Overview - The Trump family's cryptocurrency business is represented by "World Liberty Financial (WLF)," which was established in September 2024 and applied to the SEC for "selling digital assets" in October 2024, with Donald J. Trump as its representative [6]. - WLF issued up to 100 billion digital tokens (WLFI), with 27 billion tokens in circulation valued at approximately $3.39 billion as of September 2025 [6]. - The Trump family holds a total of 22.5 billion WLFI tokens, translating to a market value of $2.8 billion within a year [6]. Group 2: Investment and Market Manipulation - Notable investors in WLFI include DWF Labs, which purchased $25 million worth of tokens, and Aqua1 from the UAE, which invested $100 million, although the actual investors remain unclear [7]. - Justin Sun, founder of TRON, purchased $75 million in WLFI tokens, coinciding with the Trump administration dropping a lawsuit against him [7][8]. - WLF generated $550 million in revenue from token sales, with 75% directed to Trump family enterprises, resulting in Trump personally earning $57.35 million in 2024 [11]. Group 3: Political Influence and Market Impact - The Trump family's shift to cryptocurrency was partly driven by being denied loans by banks post-presidency, leading them to explore alternative financial avenues [13]. - Trump's public statements on cryptocurrencies, particularly Bitcoin and Ethereum, have been shown to influence market prices significantly, with a 10% increase observed shortly after his comments [14]. - WLF is using funds from token sales to invest in Bitcoin and Ethereum, potentially increasing the family's business profits through market influence [15]. Group 4: Regulatory Environment and Risks - Following Trump's presidency, there was a significant reduction in regulatory oversight of cryptocurrencies, facilitating the rapid expansion of the Trump family's crypto business [18]. - The article raises concerns about potential foreign influence in the WLF token purchases, with allegations of involvement from entities linked to North Korea, Iran, and Russia [21]. - The intertwining of government and industry interests could lead to a loss of support for Trump, especially if the Democratic Party increases its influence in future elections [21].

Core Insights - Bit Digital has completed the acquisition of a controlling stake in Financière Marjos, a company listed on Euronext, by taking over the general partner Financière Louis David (holding 15.9%) and directly acquiring 9.1% of shares, totaling 25% ownership [1] - The company plans to focus on a digital asset treasury strategy centered around Ethereum, direct investments, and expansion into AI infrastructure, and intends to rebrand as Bit Digital Europe [1] - Management believes this move will attract major U.S. cryptocurrency treasury participants to the Paris market, enhancing the European digital asset ecosystem [1]

文 | 新浪财经北美站站长 康路 当华尔街开始重新定价美国未来的利率路径时，一个名字频繁出现在市场的推演之中：凯文 ·哈塞特（Kevin Hassett）。从学术派经济学者，到白宫经济顾问委员会主席，再到特朗 普第二任期的国家经济委员会（NEC）主任，他在过去十年里逐步从"温和的右倾经济学 者"成长为"特朗普最可信任的经济盟友"。 而当美联储面临数十年来最受关注的主席更替时，哈塞特的政治忠诚、政策理念与市场立 场，使他成为能够深刻重塑全球利率周期、美元方向与加密货币等风险资产的关键人物。 哈塞特在11月12日在华盛顿经济俱乐部演讲为关税等经济政策辩护 谜底预计将在圣诞节揭晓。 美国博彩网站Kalshi上，特朗普提名哈塞特为美联储主席的概率已飙升至80%，高于一周 前的40%。上周末，美国总统特朗普在空军一号上对媒体表示，已经决定了谁将接替美联 储主席杰罗姆·鲍威尔。"我知道我会选谁，是的。" 美国博彩网站显示，押注哈塞特被提名的概率大幅上升 特朗普的政治盟友 凯文·哈塞特在过去十年里完成了显著的身份转变。他最初被认为是一位温和的右倾经济学 者，专注研究税收、资本市场和长期增长。他曾在美联储任职，也曾在哥伦比亚 ...

Core Viewpoint - HashKey Holdings Limited has successfully passed the hearing by the Hong Kong Stock Exchange, indicating a significant step towards its public listing and expansion in the digital asset space [3]. Company Summary - HashKey Holdings Limited offers a licensed digital asset platform that provides trading facilitation services, on-chain services, and asset management services [3]. - The platform has the capability to issue and circulate tokenized real-world assets, showcasing its innovative approach in the digital finance sector [3]. - HashKey has launched HashKey Chain, a scalable and interoperable Layer 2 infrastructure designed to support on-chain migration, enhancing its service offerings [3]. Industry Summary - The digital asset industry is witnessing increased interest and regulatory scrutiny, as evidenced by HashKey's engagement with the Hong Kong Stock Exchange [3]. - The development of tokenized assets and Layer 2 solutions is becoming a focal point for companies in the digital finance sector, reflecting a trend towards greater efficiency and interoperability [3].

Group 1: Solana ETF and Market Dynamics - The Solana ETF experienced its first net outflow, with a total of $8.1 million withdrawn, including $34 million from the 21Shares Solana ETF [1][5] - The outflow indicates a significant shift in institutional investment strategies towards Solana, contrasting with the inflow seen in other ETFs like XRP [5] - The SOL price has dropped below the $140 mark, triggering stop-loss orders among leveraged long positions, exacerbating selling pressure [5][6] Group 2: Federal Reserve Policy Expectations - The probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 86.9%, with a 13.1% chance of maintaining the current rate [3] - This shift in monetary policy expectations is reshaping global capital market liquidity, leading to a mixed performance in Asian and global stock markets [3] - The strengthening of the US dollar, driven by hedge funds shorting it, poses a risk to cryptocurrencies, including Solana, as the negative correlation between the dollar and crypto assets has intensified [3] Group 3: Technical Analysis of SOL - Technical indicators show a bearish trend for SOL, with MACD signaling a strong downward momentum and KDJ indicating overbought conditions [6][7] - Key price levels for SOL include support at $133 and resistance at $145, with significant trading activity noted between $128.86 and $143.99 [6] - If the support level at $133 is breached, the potential for further liquidation of long positions increases, with the next target being the stop-loss area at $128.22 [6][10] Group 4: Geopolitical and Macro Risks - Geopolitical tensions, particularly involving Russia and the US, are contributing to market volatility and risk re-evaluation across various asset classes [9] - The current environment is characterized by a mix of macroeconomic risks, technical pressures, and expectations of monetary easing, leading to a conservative and short-term focus among investors [9][10] - The ongoing geopolitical developments will likely influence market behavior, particularly in the cryptocurrency sector, where volatility is expected to persist [10]

Core Viewpoint - The California Public Employees' Retirement System (CalPERS) has significantly invested in MicroStrategy (MSTR), but the value of this investment has drastically decreased due to recent market volatility in crypto assets and tech stocks [1] Investment Details - CalPERS purchased 448,157 shares of MicroStrategy in the third quarter, with a total investment cost exceeding $144 million [1] - The current value of this holding has dropped to approximately $80 million, reflecting a loss of over 40% in just a few months [1]