In the video, Chairman Tom Lee explains the rationale behind Proposal 2, which seeks shareholder approval to amend the Company's Amended and Restated Certificate of Incorporation to increase authorized shares from 500 million to 50 billion. There are three reasons the Company needs to increase authorized shares: It would allow Bitmine to conduct capital markets activities, including at-the-market offerings, convertibles, and warrants. It would provide flexibility to pursue opportunistic deals, including po ...

Core Insights - The discussion highlights the positive outlook for crypto markets and the broader industry by 2026, driven by upcoming market structure legislation [1] - Entrepreneurs are increasingly returning to the U.S. due to favorable regulatory conditions [1] - The success of Solana and XRP ETFs is noted as a significant development in the crypto space [1] - A roadmap for crypto IPOs in 2026 is being established, indicating a maturation of the market [1] - The strategic reserve narrative is influencing institutional portfolios, suggesting a shift in investment strategies [1] Market Developments - Market structure legislation is nearing completion, which is expected to enhance the regulatory framework for cryptocurrencies [1] - The return of entrepreneurs to the U.S. signifies a shift in the crypto landscape, potentially leading to increased innovation and investment [1] - The performance of Solana and XRP ETFs demonstrates growing institutional interest and acceptance of crypto assets [1] Future Outlook - The roadmap for crypto IPOs in 2026 indicates a potential influx of public offerings, which could attract more capital into the sector [1] - The strategic reserve narrative is reshaping how institutions allocate their portfolios, reflecting a broader acceptance of cryptocurrencies as a viable asset class [1]

（来源：吴说） 1.Coinbase CEO 披露 2026 年战略重点：交易所、稳定币与上链 Coinbase CEO Brian Armstrong 发推表示，Coinbase 在 2026 年的重点包括：在全球范围内拓展覆盖加密 资产、股票、大宗商品的一站式交易所，支持现货、期货和期权；扩大稳定币与支付业务；并通过 Coinbase 开发者平台、Base 链及 Base App 推动更多用户上链。他同时表示，公司将加大对产品质量和 底层自动化的投入。 2.土库曼斯坦合法化加密交易与挖矿 土库曼斯坦总统 Serdar Berdimuhamedow 于 2025 年 11 月下旬签署的新法律已于 1 月 1 日生效，正式允 许加密货币挖矿和加密交易所运营。法律规定，加密挖矿（包括矿池）在当地合法，非土库曼斯坦居民 在完成注册后亦可参与；在土库曼斯坦设立的加密交易所需取得许可，并落实 KYC/AML 要求及冷存 储规范。同时，新法明确，加密资产在土库曼斯坦不被视为法定货币、货币形式或证券。 3.金融时报：伊朗拟接受加密货币出售武器系统 据《金融时报》，伊朗国防出口中心（Mindex）表示，已在过去一年提出允许 ...

Core Viewpoint - The cryptocurrency market, particularly Bitcoin, is experiencing significant volatility, with predictions ranging from bullish forecasts of $200,000 to bearish outlooks suggesting potential drops to $10,000, reflecting a divided sentiment among analysts [1][3][4]. Price Movements - Bitcoin reached a peak of $126,000 in October but subsequently fell to around $89,450, only 6% above a recent low of $84,400 [2]. - The October flash crash resulted in $19 billion in leverage being liquidated, contributing to the price decline [2]. Bearish Outlooks - Citigroup projects a bear case for Bitcoin at $78,500 by 2026, influenced by potential global recession impacts [3]. - Charles Edwards warns of prices dropping below $50,000 by 2028 if quantum-resistant upgrades are not implemented [3]. - Bloomberg Intelligence's Mike McGlone suggests a severe reversion could see Bitcoin fall to $10,000 this year due to increased competition and a return to mean prices [3][4]. Historical Context and Risks - The bearish views align with historical corrections and emerging threats, with Citigroup's target reflecting macroeconomic pressures similar to past deleveraging events [4]. - Edwards' concerns about technical vulnerabilities highlight the need for community upgrades to mitigate risks [4]. Potential for Recovery - Bitcoin needs to achieve a modest 12% increase from its current level to reach $100,000, which is considered achievable under moderately bullish conditions [6]. - Citigroup's base case targets $143,000 by late 2026, with a bull scenario reaching $189,000, supported by ETF inflows and regulatory progress [6]. Institutional and Regulatory Support - The probability of higher Bitcoin prices is bolstered by favorable macroeconomic conditions, renewed ETF buying, and potential legislative clarity from the proposed Digital Asset Market Clarity Act of 2025 [7]. - Institutional adoption is deepening, with spot ETFs accumulating billions in inflows and corporate treasuries increasing their holdings [8]. Long-term Outlook - Bitcoin's long-term trajectory remains positive, supported by its capped supply of 21 million, which ensures inherent scarcity [8]. - Structural supports position Bitcoin as a maturing asset class within the evolving global finance environment, indicating a bright future regardless of short-term price fluctuations [9].

Core Viewpoint - Bitcoin-related stocks experienced a pre-market rally, with significant gains observed across various companies as Bitcoin price surged past $89,900, marking an increase of over 1.4% in a single day [1] Group 1: Company Performance - Strategy (MSTR.US) saw an increase of over 1.4% [1] - Circle (CRCL.US) rose by more than 1.9% [1] - Coinbase (COIN.US) experienced a gain of over 1.8% [1] - Mara Holdings (MARA.US) increased by more than 1.9% [1] Group 2: Bitcoin Price Movement - Bitcoin price briefly surpassed $89,900, reflecting a daily increase of over 1.4% [1]

Internet Computer (ICP) moved higher over the past 24 hours, gaining roughly 3% to trade around $3.013 after climbing as high as $3.03. The advance extended a short-term recovery that began from the upper $2.80s, with the price gradually building higher lows before clearing the psychological threshold of $3.00, according to CoinDesk Research's technical analysis data model. The move through $3.00 was accompanied by an increase in trading activity, suggesting renewed engagement as ICP challenged an area ...

Group 1: Core Insights - Russians are increasingly adopting cryptocurrency, supported by banks and regulators, to create an investment ecosystem that can bypass Western sanctions [1] - The future of finance in Russia is seen as digital, with expectations for tokenized securities, commodities, industrial Bitcoin mining, and crypto derivatives to gain traction by 2026 [1] Group 2: Digital Financial Assets (DFAs) - Digital financial assets (DFAs) in Russia have grown over a third, reaching a market size of $13 billion in 2025, according to the central bank [2] - DFAs are built on private blockchains and can only be traded on domestic platforms with central bank permits, positioning them at the center of Russia's blockchain-driven economic expansion [2] Group 3: DFA Market Growth - The total volume of Russian DFA placements increased by 33% in the first nine months of 2025, with yields on short-term DFAs surpassing short-term bond yields by an average of 1.7% [3] - The Russian government aims to achieve tax parity for DFA investors in 2026, aligning them with traditional bondholders, which is expected to significantly boost the DFA market [4] Group 4: Licensing and Market Expansion - Since the issuance of its first DFA by Atomyze, Moscow has granted operating licenses to 16 additional firms, primarily banks, with a startup named Madrigal also receiving a DFA-issuing license [5] - The Moscow Exchange (MOEX) and Russian banks are promoting crypto derivatives, launching their own funds as Russians are unable to invest in US-based Bitcoin and Ethereum ETFs [6]

Core Viewpoint - Coinbase is warning that restrictions on stablecoin interest in the U.S. could inadvertently benefit China, especially as China prepares to allow interest on its digital currency starting early next year [1][4]. Group 1: Current Regulations and Responses - The GENIUS Act prohibits U.S. stablecoin issuers from paying interest directly to users, but some platforms are using workarounds to offer rewards without violating the law [2]. - Banking groups are advocating for regulators to eliminate these workaround options, arguing that they could destabilize traditional banking systems by diverting funds from banks [2][6]. Group 2: Innovation and Market Impact - Crypto firms argue that the push for stricter regulations goes beyond lawmakers' original intentions and could stifle innovation within the industry [3]. - If U.S. regulators enforce a ban on yield from stablecoins, it may lead to a decrease in competitiveness for U.S. stablecoins, particularly as other countries, like China, offer more attractive digital currency options [8]. Group 3: Global Implications - Coinbase's policy team warns that tightening rules around stablecoin rewards could drive users and businesses to seek alternatives, potentially diminishing the global appeal of dollar-backed tokens [4][5]. - The anticipated interest on China's digital yuan could make it a more appealing option for both transactions and long-term investments compared to U.S. stablecoins that do not offer yields [5].

A federal judge has dismissed a lawsuit filed against billionaire entrepreneur Mark Cuban and his NBA team, the Dallas Mavericks, ahead of New Year's Day. The class-action lawsuit was filed by now-bankrupt crypto firm Voyager Digital investors over their partnership with the Dallas Mavericks. In a Dec. 30 filing from the United States District Court for the Southern District of Florida, Judge Roy Altman granted a motion to dismiss the complaint, citing that the plaintiffs “failed to establish personal ju ...

Market Overview - The total cryptocurrency market capitalization has decreased by 0.8% over the past 24 hours, now approximately $3.06 trillion, while maintaining above the $3 trillion mark [1][7] - Total crypto trading volume in the last day is around $87.6 billion [1] Major Cryptocurrencies Performance - Bitcoin (BTC) has declined by about 1.2%, trading near $87,735 [3] - Ethereum (ETH) has shown relative strength, down only 0.1% to around $2,981 [3] - Solana (SOL) has fallen roughly 1% to $124.87, while BNB is down close to 0.9% at $859.65 [4] - XRP has decreased by about 1% to $1.85, and Dogecoin (DOGE) has slid around 2.1% to $0.1205 [4] - Tron (TRX) is one of the few large-cap assets in positive territory, posting a 0.7% gain to trade at $0.2849 [4] Smaller Tokens and Market Sentiment - Bitlight is leading the gainers with a surge of more than 120%, while Collect on Fanable and Everlyn have also posted strong double-digit gains [5] - Lighter is the biggest loser among trending tokens, dropping more than 8% [5] - The Fear and Greed Index indicates cautious sentiment in the market, currently at 31 in the fear zone [7] ETF and Future Expectations - US BTC spot ETFs recorded net outflows of $348.1 million, while US ETH spot ETFs saw outflows of $72.1 million [7] - Analysts anticipate steadier Bitcoin gains in 2026, supported by easing Fed liquidity but tempered by high rates [7] - BTC is consolidating between approximately $85,000 and $88,000, with key support near $80,000 and resistance above $92,000 [7] - ETH is stabilizing above $2,900, with recovery possible above $3,100 and downside risk below $2,800 [7] Legal Developments - A US federal judge dismissed a crypto investor lawsuit against Mark Cuban and the Dallas Mavericks [7]