SmartMoneyWallet

In 2026, the Bitcoin market shows signs of recovery, with prices rising to approximately $89,870. Market sentiment improves, and the fear index rebounds to around 40 points. Institutional funds are returning to the market, and Coinbase premium index also indicates a rebound. Although multiple indicators are improving, risks remain, and investors should cautiously accumulate rather than chase high prices. Overall, the market recovery is still in the early stages.

The Japanese Yen's interest rate hike and escalating geopolitical risks are affecting global asset allocation. The crypto market, as a high-volatility asset, is under institutional selling pressure, with BTC dropping from $95,000 to $91,000. Forced liquidation data shows rising market panic sentiment, and there are still risks ahead. BTC may test the $91,000 level again.

Bitcoin's price has been weak this week, breaking through multiple support levels, falling from $95,000 to $93,000, resulting in over $860 million in derivatives liquidations. The market is mainly driven by mechanical push-ups, with a lack of spot demand, which exacerbates its fragility. Institutional views on the future trend are divided; some see it as a recovery, while other signals indicate the market is building a bottom. Overall, Bitcoin's price remains highly sensitive to liquidity changes.

The MegaETH ecosystem is facing challenges. The early incubation project Noise chose to launch its mainnet on Base, reflecting insufficient ecosystem capacity. Noise secured $7.1 million in funding and demonstrated strong user demand, but its departure reveals a problem where MegaETH's incubation success lacks subsequent support. Liquidity and infrastructure must be improved to attract and retain quality projects.

On the 18th, Hong Kong police arrested crypto promoter Chen Yi on suspicion of promoting unlicensed trading platforms JPEX and conspiracy to commit fraud. Chen Yi was previously a lifestyle influencer and later turned to cryptocurrency, becoming the spokesperson for JPEX. The police investigation is ongoing and expanding, with the number of reported victims exceeding 1,000. The scale of the fraud has far exceeded expectations, and investors are advised to be cautious of market risks.

The cryptocurrency market has recently encountered difficulties, with Bitcoin prices experiencing sharp fluctuations, dropping from $95,000 to $90,050. The issue of long positions being concentrated has triggered forced liquidations, and market sentiment remains uncertain. Although short-term spot capital inflows have improved, caution is still advised to prevent potential bear market rebounds and liquidity crises.

BitMine Immersion (BMNR) recently disclosed that it holds over 4 million ETH, accounting for 3.37% of the total global supply. The company recently purchased an additional 98,852 ETH and holds approximately $1 billion in cash, demonstrating flexible market response capabilities. Despite facing an unrealized loss of $3.7 billion, Chairman Tom Lee remains optimistic that ETH will rise to $7,000 to $9,000 by the end of the year.

Predictive markets, as an emerging sector within the crypto ecosystem, are attracting a large influx of participants. However, behind the glamorous market narratives, the real challenges faced by short-term traders are often overlooked. According to official data from Polymarket obtained by PANews, this world's largest prediction market platform reveals a harsh truth: the lack of liquidity is becoming the biggest obstacle to arbitrage.
We conducted an in-depth analysis of the historical data from 295,000 markets on Polymarket. The results reveal several core characteristics of liquidity distribution in prediction markets, which are crucial for understanding the feasibility of short-term trading in this field.
Ultra-Short-Term Market Dilemmas: The "False Prosperity" of Short-Term Trading
The market structure on Polymarket exhibits extreme imbalance. Among the 295,000 markets, ultra-short-term markets with a cycle of less than 1 day account for 6.7

Bitmine Immersion Technologies announces a $200 million investment in MrBeast's Beast Industries. This initiative, built on decentralized finance technology to create a financial services platform, will help MrBeast expand his influence. This move not only brings cryptocurrency into the mainstream market but also strengthens the connection between Ethereum and the younger generation. As the largest holder of Ether, Bitmine is confident in this investment and expects to achieve substantial returns.

Tokyo-listed company Metaplanet increased its Bitcoin holdings by 4,279 BTC in Q4 2025, with a total holding of over 35,102 BTC, valued at $3 billion. The company innovatively launched Bitcoin income generation business, with revenue reaching ¥8.58 billion in 2025, showing significant growth. However, in the face of exchange rate fluctuations and regulatory challenges, cautious progress is still necessary. The community remains optimistic about its future potential for increased holdings.

Non-profit cybersecurity organization Security Alliance (SEAL) warns that North Korean hackers are exploiting fake Zoom meetings to conduct poisoning attacks, stealing over $300 million in cryptocurrency. The hackers send Zoom links impersonating acquaintances and create technical issues during meetings to induce victims to download malicious files. Victims should immediately isolate infected devices, rescue assets, reset passwords, and clear device data to prevent asset loss and protect their Telegram accounts.

The development of institutional-grade RWA tokenization over the past six months marks a critical point in the integration of traditional finance and blockchain infrastructure. With a market size of $19.7 billion, this is no longer a fringe experiment but a genuine deployment of institutional capital. In this large-scale transition, there is no single winner—instead, five protocols are each playing their part, jointly building a new landscape for institutional capital.
The Invisible Track Emerges: The Real Demand of $19.7 Billion
Three years ago, tokenized RWA was almost not considered a complete market category. Today, on-chain assets such as government bonds, private credit, and publicly traded stocks are approaching the $20 billion mark. Compared to $8.5 billion at the beginning of 2024, this growth rate reflects not hype but institutional capital seeking more efficient financial infrastructure.
According to the latest data provided by rwa.xyz in early 2026:
- Government bonds and money market funds: approximately 8

The Ethereum community is currently facing conflicts between technology and values, with discussions focusing on system stability and decentralization importance. Ethereum emphasizes the "luck test" to ensure the system can still operate under worst-case scenarios, making it a reliable choice. Critics often misunderstand its conservative strategy; however, steady development is at the core of Ethereum's long-term survival and reflects participants' continued trust in it.

On December 15, 2025, when Nasdaq submitted its reform application to the U.S. Securities and Exchange Commission (SEC), the global financial markets ushered in a turning point. This seemingly simple proposal to extend securities trading hours—from 16 hours a day, 5 days a week, to 23 hours a day, 5 days a week—signifies a systemic preparation within the traditional financial system, aiming to迎接 an era of "never closed" tokenized assets.
Once upon a time, trading US stocks meant staying up late. As the cryptocurrency market has long been accustomed to a 24/7, non-stop rhythm, Nasdaq, standing at the core of TradFi (Traditional Finance), has finally begun to proactively rewrite the rules of the game.
Not Just Extending Trading Hours: Understanding the True Needs Behind the Securities Trading Time Reform
On the surface, Nasdaq's extension of securities trading hours is to "meet the growing needs of Asian and European investors."

XREX Chief Blockchain Financial Crime Investigator Chen Mei-Hui died in a car accident, sparking widespread speculation. The prosecution determined it was a simple accident, and the driver involved was sentenced to 2 years and 4 months. Chen Mei-Hui specialized in money laundering investigations and had assisted in cracking multiple major financial crimes, contributing greatly to Taiwan's financial security. Her passing is deeply regrettable and once again highlights the safety responsibilities of professional drivers.

Recently, the cryptocurrency market has been independently strengthening, driven by the US core CPI data being lower than expected, encouraging investors to buy on dips. It is expected to influence the Federal Reserve's policy direction, leading to increased market volatility. At the same time, geopolitical risks are rising, which may affect short-term market trends but also provide opportunities for future rebounds. Investors should closely monitor the upcoming PPI data and statements from Federal Reserve officials.

In the wave of internet development, Web 2.0 and Web 3.0 represent two completely different organizational philosophies. The former centers on action, social interaction, and cloud computing, giving rise to tech giants like Google and Facebook; the latter is based on openness, decentralization, and permissionless systems, bringing innovative technologies such as blockchain, DeFi, and DAO. However, behind this seemingly simple technological evolution lies a deep struggle over power, data, and freedom. Which system better meets the future needs of human society? The answer is more complex than you might imagine.
Data is Power: The Monopoly Dilemma of Web 2.0
In July 2020, the U.S. Congress summoned four giants of the tech industry—Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Meta founder Mark Zuckerberg, and Google CEO Sundar Pichai—for a rare anti-

Arbitrage of contract funding rates in the crypto market is seen as an opportunity for stable returns, but institutions can achieve annualized profits of 15%-50%, while retail investors find it difficult to participate. This is mainly due to institutions having advantages in opportunity identification, trading costs, and risk control capabilities. Although there are various arbitrage strategies, retail investors often cannot implement them effectively due to technical and resource gaps. It is recommended that retail investors participate indirectly through professional institutional products to obtain stable returns and avoid high costs and risks.

The essence of the unfinished building problem seems to be a lack of funds, but in reality, it is a loss of trust by investors in the entire transaction system. When a landmark real estate project frequently fails to sell at judicial auctions, and a large-scale model company valued at billions gains market recognition on the Hong Kong Stock Exchange, these two events form a stark and ironic contrast: capital has a strong ability to price future cash flows, but trust in existing real estate assets has already collapsed.
The dilemma of China's real estate sector is not only about tight cash flows or policy fluctuations but also involves deeper issues: numerous unfinished buildings and halted projects suffer from critical flaws such as difficult ownership verification, easy misappropriation of funds, unverifiable cash flows, and unclear exit strategies. When investors face such assets, they are not making investment decisions but are instead taking on unlimited risks. For this reason, even if policies loosen and interest rates decline, capital remains cautious—because no one believes that the money invested will be fully recoverable afterward.
Unfinished Building Question

According to Alternative data monitoring, the cryptocurrency market's Fear and Greed Index has dropped to 20, indicating that extreme fear in the market continues to deepen. Multiple indicators such as volatility and trading volume reflect instability, while social media activity and market survey data also send negative signals. Investors' concerns about the future have increased, and market sentiment has shifted significantly.