Morning News | The Flow network has now been fully restored to operation. PwC is currently intensify

This week, tokens worth over $1 billion will be released, including ONDO and TRUMP.

Market trends

Market conditions yesterday

● The probability of the Federal Reserve lowering interest rates by 25 basis points in January is 16.6%.

According to CME’s “Federal Reserve Watch” data, there is a 16.6% chance that the Fed will lower interest rates by 25 basis points in January, while the probability of keeping interest rates unchanged is 83.4%.

● Economists say that the unemployment crisis in the United States is approaching, which may force the Fed to cut interest rates five times this year.

According to Golden October data, David Rosenberg, who worked at Merrill Lynch and has been running his own company, Rosenberg Research, since 2020, said that the U.S. economy will face significant challenges in 2026. The job market is likely to shrink sharply, thereby weakening the economy and forcing the Fed to respond with significant rate cuts.

The unemployment rate in the United States has risen from 4% at the beginning of 2025 to 4.6% in November 2025. Rosenberg believes that the unemployment rate will soon exceed 5%, and “by the end of the year, it could reach 6%.” Rosenberg said that the collapse of the labor market and the resulting recession will force the Fed to cut interest rates by 125 basis points to 2.25%, or five cuts of 25 basis points each.

It is worth noting that Rosenberg’s views differ significantly from the general consensus among Wall Street economists. These economists expect the labor market to remain stable in 2026, and the Federal Reserve will likely cut interest rates once or twice. The median prediction from Federal Reserve officials is that interest rates will be cut once this year. However, the central bank emphasized that it sees potential risks associated with the labor market. The latest forecast by the Federal Reserve’s staff indicates that “weak labor market conditions and increasing economic uncertainty increase the risk of a slower economy than expected.”

● SpaceX, OpenAI, and Anthropic plan to launch an IPO in 2026, potentially becoming one of the most significant listing campaigns in history

According to a report by the Financial Times, three major unlisted tech companies in the United States—SpaceX, OpenAI, and Anthropic—are preparing to launch an IPO in 2026. It is estimated that the fundraising amount could reach several billion dollars. OpenAI’s valuation could reach $750 billion, while SpaceX’s valuation in the secondary market has reached $800 billion. Anthropic also seeks to raise funds worth over $300 billion.

If all three companies go public, the total size of IPOs in the U.S. market in 2025 will be surpassed. Investment banks and venture capital firms could enjoy unprecedented returns.

● Financial Times: PwC is increasing its investment in the cryptocurrency sector

According to the Financial Times, as the Trump administration embraces digital assets, PwC, one of the “big four” accounting firms, has decided to increase its investment in this field after maintaining a cautious approach to cryptocurrencies for many years.

Paul Griggs, the head of PwC in the United States, said in an interview that this strategic shift occurred last year. The background behind this was the appointment of regulatory officials who supported cryptocurrencies by the US government, along with several new laws passed by Congress to regulate digital assets such as stablecoins. Griggs stated, “The Genius Act and the regulations surrounding stablecoins will help boost market confidence in these products and asset classes. The tokenization of assets will continue to evolve, and PwC must be part of this ecosystem.” His remarks highlight the fact that the Trump administration’s actions regarding cryptocurrency policies have finally convinced leading companies to consider entering this long-neglected digital asset market. According to Semafor, a US media website, The New York Times and The Washington Post learned about the information before the secret operation against Venezuela began. However, they delayed publishing their reports at the request of the government to avoid compromising the safety of US military personnel. President Trump approved the operation at 10:46 p.m. on Friday, and the operation was successful in capturing the Venezuelan president. Despite the tense relationship between the Trump administration and mainstream American media, the media still maintained a traditional attitude of restraint during high-risk operations related to national security. The Washington Post’s editorial strongly supported this operation.Previously, it was reported that three suspected insider wallets placed bets in advance on the resignation of Venezuelan President Maduro, with a total profit of over $630,000. As a result, U.S. Congressman Ritchie Torres plans to introduce legislation to prohibit federal officials from using insider information to predict market movements.

● Data: Three suspected insider wallets beted in advance on the resignation of Venezuelan President Maduro, achieving a total profit of over $630,000

According to analysis by Lookonchain, three suspected “insider wallets” placed bets on Maduro’s resignation hours before his arrest. The total profit was $630,484.

These wallets were created and funded several days ago, with their bets focused solely on events related to Venezuela and Maduro. Among them, wallet 0x31a5 invested $34,000 and earned $400,900; wallet 0xa72D invested $5,800 and earned $75,000; wallet SBet365 invested $25,000 and earned $14,560.

● The number of ETH waiting to be withdrawn from the Ethereum PoS network has dropped to 80,000 units. There are now more than 1 million ETH waiting to be used for staking

Recently, according to analyst YuJing, during mid-September, the price of ETH reached its highest point this year, around $4,700 per unit. Approximately 2.66 million ETH chose to withdraw from their staking positions. After three and a half months of processing, most of the ETH waiting to be withdrawn have been utilized, leaving only 80,000 units available.

After digesting approximately 2.6 million ETH that were withdrawn from the pledge program, the price of ETH dropped by 34%. It fell from $4,700 in mid-October to currently $3,100. Now, the situation is completely reversed: the number of ETH waiting to be pledged is much higher than those withdrawn. This is because Bitmine (BMNR), the Ethereum treasury company, has recently pledged a large amount of ETH (593,152 coins in just 8 days). Currently, there are over 1 million ETH waiting to be pledged.

● Trump Media Enterprises’ short positions have increased significantly. If it merges with TAE, Trump’s personal stake will drop to around 20%.

According to Reuters, financial analysis firm S3 Partners reports that after Trump Media Technology announced its intention to merge with Google-backed nuclear fusion energy company TAE for a total value of $6 billion last month, Trump Media Enterprises’ short positions increased by 31%, reaching nearly 16 million shares. This is near the highest level since October. It is reported that Trump personally holds approximately 115 million shares of Trump Media Enterprises, accounting for about 40% of the company’s shares. Due to the dilution caused by the merger, if Trump merges with TAE, his shareholding will drop to around 20%.

● The WLFI community proposed using treasury funds to promote the adoption of USD1. The proposal received 77.75% support.

Trump’s crypto project, WLFI, announced on the X platform that it would use some of the unlocked treasury funds to accelerate the adoption of USD1. The proposal was approved with 77.75% support.

● Flow: The network has resumed operating normally. A detailed technical post-mortem report will be released within 48 hours.

According to the official announcement, the Flow network has now been fully restored. Currently, 99.9% of accounts have regained full operational rights in both execution environments. The Flow ecosystem is gradually recovering, and decentralized financial systems are beginning to operate again. Decentralized exchanges such as KittyPunch and IncrementFi have already resumed operations and are processing transactions. Bridge partners are actively working on recovery protocols, and it is expected that operations will resume after final verification.

Flow officials stated that they will release a detailed technical analysis report within 48 hours, including a comprehensive analysis of attack vectors, forensic findings, and repair methods. Currently, network security is intact, and transactions are being processed in both execution environments. It is expected that the entire ecosystem will be restored by this week.

● Ranger announced that its ICO will begin on January 7th

According to the official announcement, Solana’s decentralized exchange for crypto derivatives, Ranger, will launch an 4-day ICO on January 7th, 2026, at 00:00 UTC+8. The minimum fundraising target is $6 million. This ICO will be conducted through MetaDAO, with 10 million RNGR tokens allocated, accounting for 39.02% of the total supply. ICO participants’ tokens will be unlocked 100% at the time of the TGE, while team tokens will only be unlocked when certain price milestones are met.

● Vitalik: ZK-EVM and PeerDAS combined will lead Ethereum towards a new form of decentralized network

Vitalik Buterin stated that the ZK-EVM is now in the alpha stage, with production-level performance capabilities. The remaining work focuses on security issues. Meanwhile, PeerDAS has been officially launched on the Ethereum mainnet. Vitalik noted that this isn’t a gradual optimization process, but rather an effort to transform Ethereum into a new type of P2P network that combines decentralization, consensus mechanisms, and high throughput.

He recalled that BitTorrent offers high throughput but lacks consensus mechanisms, while Bitcoin features consensus but suffers from limited bandwidth due to full replication. Ethereum, with the introduction of PeerDAS and ZK-EVM, has the potential to achieve decentralization, consensus, and high throughput simultaneously. This dilemma has been resolved through “real-world code running on the mainnet.” PeerDAS is already operating on the mainnet, and ZK-EVM has reached production-level performance.

Vitalik expects that starting from 2026, with the implementation of mechanisms like BAL and ePBS, the gas limit will gradually increase, providing opportunities for nodes running ZK-EVM. From 2026 to 2028, gas pricing will be redefined, state structures will be adjusted, and computational tasks will be handled in blobs. By 2027–2030, ZK-EVM is expected to become the primary method for verifying blocks on the network, further increasing the gas limit. Additionally, he emphasized the importance of distributed block construction. The long-term goal is to avoid having blocks constructed in any single location, and to distribute the power of constructing blocks either within or outside the protocol, thereby reducing the risk of centralized interference and enhancing geographical fairness.

● Slow Fog: A serious vulnerability was discovered in the HitBTC exchange

According to official statements from Manifolge, the organization has identified a serious security vulnerability in the HitBTC exchange. Manifolge stated that they have already informed HitBTC of this issue via private messages, but they have not yet received any response.

It is known that HitBTC is a well-established cryptocurrency exchange, established in 2013. The exchange’s trading volume over the past 24 hours amounted to $111,487,461.

Market news: Jeff Bezos’ company, Blue Origin, now accepts Ethereum as a payment method for space travel

According to Solid Intel, Blue Origin, owned by Jeff Bezos, now accepts Ethereum as a means of payment for space travel.

● Michael Saylor once again released information regarding his Bitcoin holdings, possibly indicating further increases in his BTC holdings

Michael Saylor, the founder of Strategy, once again released information related to his Bitcoin holdings, saying, “Is it orange or green?”

Based on past patterns, Strategy usually reveals information about increased Bitcoin holdings the day after such news breaks.

● The Shanghai Procuratorate has uncovered a case of occupational crime involving the laundering of virtual currency, with an amount of up to 1.8 billion yuan involved

According to information from the Shanghai Procuratorate's official account, the Baoshan District Procuratorate in Shanghai successfully carried out case supervision involving 24 individuals in a corruption case. Through thorough financial scrutiny, they tracked the flow of funds and were able to bring charges against 24 individuals involved in this case. Prosecutors noted that there were numerous accounts belonging to the underground money laundering syndicates involved in this case, making the investigation extremely difficult. The scale of financial transactions involved was enormous, with illicit funds amounting to 1.8 billion yuan being laundered. Ultimately, through relentless pursuit and prosecution, efforts were made to curb the use of virtual currencies for transferring illicit funds across borders. In dealing with complex money laundering crimes involving underground money laundering networks and virtual currencies, the Baoshan District Procuratorate helped public security authorities identify the sources and destinations of funds, preserve electronic evidence, and make accurate and effective accusations. This ensured that cases of money laundering are handled with high efficiency and effectiveness.

● Next week, tokens worth over $1 billion will be released, including ONDO, TRUMP, etc.

According to monitoring by onchainschool.pro, tokens worth over $1 billion are expected to be released next week. These tokens include well-known projects such as ONDO, TRUMP, PUMP, APTOS, among others.