早报 | Coinbase发布2026年展望报告，朝鲜黑客2025年窃取20.2亿美元加密货币

Spot gold prices broke through $4350 per ounce, with a daily increase of 0.26%.

Market updates

Market trends yesterday

● U.S. Senator Cynthia Lummis has decided not to run for re-election. This decision has caused a lot of reactions in the cryptocurrency industry. Lummis has been considered a key figure who supports Bitcoin and other digital assets in Congress. Many in the industry expressed their gratitude for her efforts, believing that her policies have had a positive impact on the development of the industry.

Collin McCune (Head of Government Affairs at a16z): Without Lummis’ efforts in Congress, the cryptocurrency industry would not have reached where it is today.

David Sacks (Head of AI and Cryptocurrency Affairs at the White House / “Cryptocurrency Tsar”): Described Lummis as a “great ally in the field of cryptocurrencies,” and expressed “great regret” over her departure.

Greg Xethalis (Partner at Multicoin Capital): Praised Cynthia Lummis for her significant contributions to the development of the cryptocurrency industry.

Kyle Samani (Partner at Multicoin Capital): “The work isn’t over yet. We still have legislation to pass by 2026.”

Natalie Brunell (Bitcoin advocate, host of “Coin Stories”): Expressed gratitude to Lummis for her “services and efforts in promoting Bitcoin,” and wished her a successful new chapter in her career.

It was previously reported that U.S. Senator Cynthia Lummis will finish her term in January 2027, and she has announced that she will not run for re-election.

● Coinbase releases 2026 outlook report: Privacy, AI, application-specific chains, and tokenized stocks will be key areas of focus

. Coinbase Institutional also released a report on the crypto market trends for 2026, providing an in-depth analysis of the future development of the crypto economy.

The report indicates that Coinbase is cautiously optimistic about the crypto market in the first half of 2026. It believes that the U.S. economy will remain resilient, and the market conditions will be more similar to those in 1996 rather than 1999. In terms of institutional participation, Coinbase proposes a “DAT 2.0” model, suggesting that institutions will shift from simply asset allocation to more specialized trading, custody services, and block space acquisition.

In terms of technological developments, the report predicts that growing demand for privacy technologies will drive the development of zero-knowledge proofs and fully homomorphic encryption. Additionally, autonomous trading agents will emerge in the field of AI and cryptocurrencies. Application-specific chains will reshape the competitive landscape of the crypto infrastructure, while tokenized stocks are expected to grow rapidly due to their atomic composability advantages.

In terms of market opportunities, the composability of cryptocurrency derivatives, prediction markets, and stablecoin payments are among the key areas of interest. The report predicts that the total market value of stablecoins could reach $1.2 trillion by the end of 2028.

● Federal Reserve Chairman Haramak: There is no need for interest rate cuts in the coming months. He is more concerned about persistent inflation.

According to Golden Ten reports, Federal Reserve Chairman Haramak stated that after three consecutive rate cuts at past meetings, there is no need to adjust interest rates in the coming months. Haramak opposes the recent rate cuts, as she is more concerned about high inflation rather than potential vulnerabilities in the labor market. Haramak is not a voting member of the interest rate setting committee this year, but she will become one next year.

“My basic expectation is that interest rates can remain at current levels for some time, at least until spring. Only when we have clearer evidence that either inflation is declining towards target levels or there is a significant weakening in the job market,” she said during an interview with The Wall Street Journal’s Take On the Week podcast on Thursday.

● Galaxy Research released its forecast for 2026: BTC is expected to reach $250,000 by the end of 2027

Galaxy Research has released its forecast for the cryptocurrency market in 2026.

The report predicts that Bitcoin will reach $250,000 by the end of 2027, but it also notes that the market was too chaotic in 2026 to make accurate predictions. Currently, the options market considers both scenarios equally likely: Bitcoin prices could be around $70,000 or $130,000 by the end of June 2026, while prices could also be around $50,000 or $250,000 by the end of the year.

Other important predictions include: At least one Layer-1 blockchain will incorporate revenue-generating applications, allowing users to directly earn value in their native tokens; the volume of stablecoin transactions will exceed that of the ACH system; decentralized exchanges will account for over 25% of the spot trading volume; the total market value of privacy tokens will exceed $100 billion; more than 50 spot cryptocurrency ETFs and another 50 cryptocurrency ETFs (excluding products focused on individual cryptocurrencies) will be launched in the United States.

● North Korean hackers will steal $2.02 billion in cryptocurrencies in 2025

According to Chainalysis data, North Korean hackers stole $2.02 billion in cryptocurrencies in 2025, an increase of $681 million compared to 2024.

● F2Pool co-founder Wang Chun: He tried transferring 500 BTC to a suspicious address, but the hackers only took away 490 BTC

Wang Chun, co-founder of F2Pool, commented on the recent incident where 50 million USDT were lost due to phishing attacks on the X platform: “Last year, I suspected that my private key had been leaked. To confirm whether the address was indeed hacked, I transferred 500 BTC there. To my surprise, the hackers were ‘generous’ and only took away 490 BTC, leaving me with 10 BTC to keep me going.”

Hacker address: 14H12PpQNzrS1y1ipjF4mPuVgQEpgfGA79.

● Federal Reserve Governor Hammar: The neutral interest rate may be higher than expected

The Federal Reserve’s Hamark stated that the positive inflation data in November may be due to distortions in data collection caused by the government shutdown in October and the first half of November, which led to an underestimation of price increases. Although the Bureau of Labor Statistics reported a 2.7% increase in CPI in November, the adjusted estimate is closer to 2.9% or 3.0%. Hamark is concerned about interest rate cuts, believing that the neutral interest rate level is higher than generally expected, and that the economy will continue to grow steadily next year.

● Tether’s mobile encrypted wallet will integrate AI capabilities, supporting only BTC, USDT, USAT, and XAUT

According to Tether CEO Paolo Ardoino, Tether is developing a mobile cryptocurrency wallet with AI capabilities. This wallet will only support Bitcoin, USDT, its new stablecoin USAT, and tokenized gold tokens XAUT. The wallet will also utilize QVAC for local private AI processing. This wallet will be supported by WDK and QVAC, two open-source wallet development tools and decentralized AI platforms respectively launched by Tether.

It was previously reported that Tether is recruiting the head software engineer for its mobile encrypted wallet.

● Haskett: Trump seeks a Fed chairman who relies on data

Haskett, director of the White House National Economic Council, said that the average core inflation rate over the past three months is 1.6%. Trump is looking for a data-dependent candidate as the Fed chairman.

● Ethereum Community Foundation responds to the “50 million USDT phishing attack”: Addresses should no longer use dot truncation

针对“5000万枚USDT钓鱼攻击”事件，以太坊社区基金会在X平台发文回应表示，应该立即停止使用点号截断地址的做法(比如0xbaf4b1aF...B6495F8b5)，地址信息需要被完整的展示出来，隐藏地址中间部分会造成不必要的风险。不仅如此，目前部分钱包和区块浏览器提供的一部分UI选项也存在安全问题，这些问题其实都可以解决。据悉，该事件钓鱼者此前生成了一个首尾3位相同的地址，受害者未仔细检查复制地址后将5000万枚USDT转入钓鱼者生成的相似地址。

● Michael Saylor再次发布比特币Tracker信息，或暗示将再次增持BTC

Strategy创始人Michael Saylor再次发布比特币Tracker相关信息。

根据此前规律，Strategy总是在相关消息发布之后的第二天披露增持比特币信息。

● Point72斥资约6500万美元购入390665股MSTR

Point72资产管理公司以约6500万美元的价格购买了390665股MicroStrategy(MSTR)股票。

● 美国议员提议对小额稳定币支付和质押奖励实行税收减免

American legislators have proposed a draft legislation that aims to reduce the tax burden on ordinary cryptocurrency users. The draft proposes exempting transactions involving stablecoins from capital gains taxes, offering a tax exemption of up to $200 for such transactions. It also introduces new options for delaying the payment of rewards related to staking and mining activities. According to the draft, if a stablecoin is issued by an issuer authorized under the GENIUS Act, and it is pegged to the US dollar, with its exchange rate remaining within a narrow range of around $1, then users do not need to report any gains or losses when their transactions exceed $200.

● Douyin: It is prohibited to create content related to blockchain and digital assets, or to publish illegal financial content.

According to reports from the Securities Times, Douyin has issued the “Douyin Community Financial Industry Code of Conduct (Trial Version)”. This code of conduct states that it is prohibited to create content using concepts related to blockchain and digital assets, or to publish illegal financial content related to virtual currency trading, providing information intermediaries or pricing services for virtual currency transactions. It is also prohibited to analyze or predict stock prices, promote future trends, or provide investment advice under the guise of popular science.

● Northern Data has sold its Bitcoin mining business to a company operated by Tether executives.

According to the British “Financial Times”, Northern Data, a company backed by Tether, has sold its Bitcoin mining business to a company operated by Tether’s management team. The buyers of Peak Mining—Highland Group Mining Inc., Appalachian Energy LLC, and 2750418 Alberta ULC—are all directly affiliated with Tether’s leadership. Records from the British Virgin Islands indicate that Highland Group Mining is controlled by Giancarlo Devasini, co-founder and chairman of Tether, along with Paolo Ardoino, the company’s CEO. Canadian documents show that Devasini is the only director of Alberta ULC. The ownership structure of Appalachian Energy LLC, which is registered in Delaware, remains unclear, as there are no publicly listed directors.

Point72 purchased 390,665 shares of MSTR for approximately $65 million.

The renowned multi-strategy hedge fund Point72 Asset Management purchased 390,665 shares of MicroStrategy (MSTR) for around $65 million.

This week, tokens such as H, XPL, and JUP will experience significant unlocking periods, with a total value exceeding $70 million.

According to Token Unlocks data, this week H, XPL, and JUP will experience significant unlocking periods, with a total value of over $70 million.

On December 25, H will unlock 10.536 million tokens, valued at approximately $15.62 million, accounting for 4.79% of the total supply;

XPL will unlock 88.89 million tokens on December 25, worth approximately $11.5 million, accounting for 4.52% of the total supply;

JUP will unlock 53.47 million tokens on December 28, worth approximately $10.28 million, accounting for 1.73% of the total supply;

SOON will unlock 21.88 million tokens on December 23, worth approximately $8.82 million, accounting for 5.97% of the total supply;

MBG将于12月22日解锁1584万枚代币，价值约804万美元，占流通量8.42%;

UDS将于12月23日解锁215万枚代币，价值约517万美元，占流通量1.46%;

SAHARA将于12月26日解锁1.3293亿枚代币，价值约357万美元，占流通量5.30%;

ALT将于12月25日解锁2.401亿枚代币，价值约278万美元，占流通量4.85%;

VENOM将于12月25日解锁5926万枚代币，价值约257万美元，占流通量2.14%;

SOSO将于12月24日解锁416万枚代币，价值约231万美元，占流通量1.59%;

W将于12月26日解锁5041万枚代币，价值约175万美元，占流通量0.99%;

IOTA将于12月24日解锁1237万枚代币，价值约109万美元，占流通量0.33%。