Pantera Capital Research Director Jay Yu released the 12 major predictions for the crypto industry in 2026, covering capital-efficient consumer credit, forecast market segmentation, AI applications in crypto, tokenized gold, quantum threats to BTC, privacy service unification, and more, offering insights into future market trends and technological innovations.

Odaily星球日报讯 摩根士丹利策略师指出，美国经济可能出现“无就业生产力繁荣”（jobless productivity boom），将抑制通胀并为美联储更多降息打开大门。美国劳工部数据显示，第二季度所有非农企业工人的每小时产出同比增长3.3%，较上一季度1.8%的同比下降大幅改善。投资者对美联储明年降息节奏的预期比官方预测更为激进。据芝商所美联储观察工具（CME FedWatch tool）显示，美联储官员预计2026年仅降息一次，但投资者认为年底利率下降的概率达72%。（金十）

Offshore RMB against the US dollar breaks through the 7 mark, reaching a new high since 2024. Onshore RMB against the US dollar also surpasses 7.01, influenced by a weakening US dollar and China's strong economy. The RMB exchange rate is expected to remain strong, but whether it can stabilize above the 7.0 mark will still need to be watched.

This article summarizes cryptocurrency news as of December 25, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. The stablecoin market cap surpasses $310 billion, reaching a record high, with Bitwise aiming for $500 billion by 2026; 2. Bitcoin ETFs have experienced outflows of $825 million over five days, with the US being the largest seller; 3. Two major Russian stock exchanges are ready to launch cryptocurrency trading.

Guotou Silver LOF will be suspended from trading until 10:30 on December 26, and investors are reminded to pay attention to the risk of high premiums. Recently, silver prices have surged significantly, with London Silver prices breaking through $71.81 per ounce, and some funds have also been suspended due to high premiums.

On-chain analysis shows that Yili Hua's Trend Research began accumulating Ethereum in early November, holding approximately 645,000 ETH, making it the third-largest holding entity. Currently, there is an unrealized loss of about $242 million. If an additional $1 billion is reinvested, it could potentially rise to the second-largest holding entity.

Despite the recent continuous pressure on SOL prices, on-chain data from the Solana network presents a completely different picture. The latest data shows that the staked amount of Solana has risen to 409 million SOL, reaching a new all-time high, indicating that network security and long-term participation are still strengthening. This change has attracted market attention: in the context of declining prices, are investors ignoring the important signals released by Solana's fundamentals?
From a network perspective, a high staking rate means more SOL is locked up to maintain the network's consensus mechanism, which helps enhance the resistance to attacks and overall stability of the Solana blockchain. For long-term holders, the continuously increasing staked SOL is often seen as a sign of confidence in the ecosystem and is also one of the important indicators of the health of the public chain.

Recently, Bitcoin prices have been volatile, reflecting that the global macro environment and risk sentiment remain unstable. In the context of an unclear short-term direction, the continued strength of gold prices is being viewed by the market as a potential catalyst for the next wave of Bitcoin growth. Historical data shows that as long as the correlation logic holds, rising gold prices often serve as an important reference for Bitcoin price movements.
Over the past year, the correlation between Bitcoin and gold has significantly strengthened. As institutional investors regard Bitcoin as "digital gold" and a macro hedge asset, its price trend has gradually synchronized with gold prices. Historically, there have been multiple instances where gold led the rally, followed by Bitcoin catching up. The underlying logic is that after risk appetite warms, funds gradually shift from defensive assets to high-elasticity assets, benefiting Bitcoin. Since 2024, this "gold rising—Bitcoin following" pattern has been repeatedly validated in both spot and derivatives markets.

During the overall crypto market's quiet Christmas season, XRP's price has begun to show some noteworthy signals of change. Although XRP has declined approximately 16.8% over the past 30 days and the short-term trend remains weak, momentum, capital flow, and whale activity are all improving in tandem, and market discussions about a “XRP Christmas rally” are gradually heating up.
Firstly, from a technical perspective, XRP's price has been declining continuously from early November to late December, but the Relative Strength Index (RSI) has formed higher lows, indicating a classic bullish divergence. This suggests that while the price is falling, the downward momentum is weakening, often an early sign of a trend reversal. Additionally, the Money Flow Index (MFI) has shown similar signals. From late November to mid-December, XRP's price was declining while the MFI continued to rise, indicating that funds are flowing back in on dips. Recently, the MFI has moved out of the oversold region, implying that buying interest is recovering.

ChainCatcher Message, AMLBot's latest report shows that between 2023 and 2025, Tether has frozen a total of 7,268 addresses through its freezing mechanism, involving $3.29 billion USDT, of which over 53% of the frozen USDT is located on Tron.

Amid the overall sluggish performance of the cryptocurrency market during Christmas, the PENGU price has shown an opposite upward trend. As the Pudgy Penguins brand advertisement was launched on the Las Vegas Sphere, a globally renowned landmark, market sentiment was quickly ignited, driving the PENGU token to short-term strength and making it one of the focal points in the recent NFT and meme coin sectors.
Market data shows that since December 10, the PENGU price has been under continuous pressure, with a decline of over 18% in the month. However, around December 24, as the Pudgy Penguins advertisement officially appeared on the Las Vegas Sphere, the PENGU price quickly stabilized and rebounded, rising about 7.5% from the stage low. As of press time, although PENGU has pulled back slightly, it still maintained an increase of over 6% within 24 hours, significantly outperforming the sideways movement of mainstream cryptocurrencies such as Ethereum (ETH), BNB, Ripple (XRP), and Solana (SOL) during the same period.

ChainCatcher News, Ethena Labs announces that Anchorage Digital Bank has officially become one of the custodians supporting the assets behind USDe, joining the ranks of Copper and Ceffu custodians. Anchorage Digital Bank is the first federally licensed crypto-native bank in the United States, strictly regulated by the Office of the Comptroller of the Currency (OCC).
The protocol currently uses addresses starting with 0xAFBb and 0xF270 (both storing Ethereum) as isolated wallets, and includes them in the weekly published reserve proofs. Starting from January 2026, Anchorage will provide monthly signed and publicly available custody proofs. Additionally, this custody scheme will be integrated into the USDe minting and burning smart contracts to support users.

President Trump plans to select a new Federal Reserve Chair in January next year, and Treasury Secretary Scott Bessent may gain new powers to push for reforms and interest rate cuts at the Federal Reserve. He will work with a cooperative Chair to expand the Treasury Department's influence over the Fed's asset operations.

Zcash (ZEC) price recently stabilized above the key support level of $400 and rebounded about 10% on Wednesday, indicating that the bullish forces are regaining control. Currently, Zcash is in a typical bullish triangle consolidation pattern, with the market watching whether it can effectively break through the upper resistance to open up a new upward space.
Market data shows that Zcash price previously retreated nearly 10% from the high of $454, but after the bulls successfully held the $400 support, they quickly launched a counterattack. As of now, ZEC is around $446, a roughly 45% rebound from the December low. However, compared to the intra-year high of $723 set in November, there is still about 38% room for correction, which means that once the trend reversal is confirmed, there is still ample upward potential.

ChainCatcher News reports, according to Glonghui, HS Dent Investment Company founder Harry Dent recently warned that the most severe market crash in history will occur in 2026. Dent predicts that the current market bubble, which has lasted nearly 17 years, will burst, leading to a 90% decline in the stock market.
He describes it as the worst market environment since the Great Depression, with stocks, real estate, and digital assets all trapped in a debt-driven "super bubble."
Dent stated that early 2026—especially January—will be a critical period to determine whether the bubble will finally burst or if it will be extended for another year. The reason is that, based on historical experience, the strong performance of the stock market in the first week and month of January often indicates a bullish trend for the entire year; however, if January performs weakly, it will further confirm his bearish outlook.
He summarized that the only assets that might "survive" are U.S. government bonds.

For years, online black markets for drugs, weapons, and illicit services operated in the shadows of the dark web, relying on Tor and complex anonymity tools. By 2025, that model has largely been replaced. Today, some of the world’s largest crypto black markets operate openly on Telegram, generating historic levels of illegal revenue with little more than messaging channels, stablecoins, and persistent account rebuilding.
According to a recent analysis by blockchain intelligence firm Ellip

BlockBeats News, December 25th, according to The Data Nerd monitoring, 3 hours ago, a whale transferred 2000 ETH (worth approximately $5.88 million) to a Thai cryptocurrency exchange. In the past week, this address has transferred a total of 9700 ETH (worth approximately $28.85 million) to the exchange, with an average cost basis of about $2327, and realized profits of approximately $6.28 million.

Greeks.live macro researcher Adam posted on the X platform that more than half of the options will expire this Friday, which will lead to increased market signal noise. It is not advisable to rely on options data as trading signals in the near term. Although the trading volume of Put options accounts for 30%, this is not a bearish signal, as institutions will reposition in advance to hedge risks.

Recently, XRP prices have remained weak, attracting widespread market attention. As one of the largest institutional holders of XRP, the asset management firm Evernorth is under significant on-paper pressure. According to on-chain data analysis, Evernorth's unrealized losses on XRP holdings have exceeded $200 million, making it a typical case among institutional investors during this round of market correction.
Evernorth is headquartered in Nevada, USA, and is an important player in the field of XRP institutional applications and fund management. In late October 2025, the company announced a plan to raise $1 billion to create what it calls the "world's largest public XRP fund management company." Subsequently, on November 4th, Evernorth purchased approximately 84.36 million XRP at an average price of $2.54, increasing its total XRP holdings to about 473 million.