Author: Tia, Techub News
The Solana Annual Developer Conference Breakpoint is usually seen as a window for new projects to "issue" tokens. This year, the project that received the pass is the liquidity staking protocol Toby. The team announced the issuance of a governance token, TOBY, with a core selling point: directly incorporating the additional profits that validators earn from MEV into the tobySOL holdings, so that stakers no longer only receive on-chain inflation rewards, but also share in the arbitrage, liquidation, and tip income generated by block ordering.
This narrative has gained attention because Solana's MEV value chain has been essentially monopolized by Jito over the past two years. Jito-Solana client share exceeds 94%, and in 2024

Author: Collectibles.com
Compiled by: Tim, PANews
From Loose Cards to Internet Hot Topic
In a collector circle obsessed with Charizard, high-value modern rare cards, and top vintage cards, an unexpected hero emerged from a pile of loose cards and became a global sensation: Fossil Oshawott.
This obscure common card from the 1999 Pokémon Fossil series should have gone unnoticed, but due to an anonymous collector's nearly obsessive collecting behavior, Fossil Oshawott sparked a viral internet meme, boosted the issuance of the Meme token $KABUTO on Solana, and most importantly, triggered a comprehensive and sustained price surge across major card trading platforms.
This is an example of how personal collections have evolved into mainstream attention, demonstrating how community enthusiasm and internet culture can fundamentally rewrite the value logic of asset collection. Let’s take a closer look at this phenomenon, and explore

Today's Top News Highlights:
New York State Pension Fund increases its stake in Strategy to $50 million
TikTok: Bans non-finance certified accounts from posting financial professional content
UK regulators initiate consultation on new cryptocurrency regulations
14 out of the 25 largest US banks are developing Bitcoin products
Nasdaq will formally apply for 5X23-hour trading
Grayscale: Bitcoin is expected to hit a new all-time high in the first half of 2026
Analysis: Among the top 100 cryptocurrencies by market cap, 75 have fallen below their 50-day and 200-day moving averages
Macro
TikTok: Bans non-finance certified accounts from posting financial professional content
According to Cailian Press, TikTok released the "TikTok Community Financial Industry Convention (Trial)" on December 16, clarifying core governance norms such as account qualification, content management, marketing behavior, and violation handling and accountability mechanisms to standardize the dissemination of financial-related content. 《Public

The left shows Polish Prime Minister Donald Tusk, and the right shows President Karol Nawrocki (AI generated)
Author: Zen, PANews
As the year comes to an end, Poland has begun a fierce battle over the cryptocurrency regulation bill.
On December 9, the Polish government resubmitted the cryptocurrency bill and again sent it to the Sejm on December 10. The content of the bill is exactly the same as the version recently vetoed by the president, with not a single word changed.
This move has caused a huge uproar in Polish politics: the government of the liberal Prime Minister Donald Tusk insists that the bill concerns national security and cannot be delayed, while the nationalist President Karol Nawrocki strongly opposes it, citing the need to protect citizens' freedoms and market vitality.

This article does not constitute investment advice. Readers should strictly comply with local laws and regulations.
CoinShares has released its annual digital asset outlook report. The following are several key points in the "Conclusion: Emerging Trends and New Frontiers" section worth noting:
1. Strong Recovery of Crypto VC Financing: In 2025, crypto VC financing has surpassed last year, confirming that crypto investments exhibit a "high beta" performance relative to macro liquidity. In a broadly accommodative macro environment, capital inflows are expected to continue, supporting growth in 2026.
2. VC Investment Focus on "Large Deals" and Utility: Investment styles are shifting from diversification to concentration on "large deals," with capital favoring a few leading projects. There is also increased emphasis on actual utility and cash flow rather than hollow hype or meme coins.
3. Four Major Investment Tracks in 2026: Looking ahead to next year, VC is focusing on RWA (with stablecoins as the core), AI integration with crypto, and the emergence of...

On November 18, 2025, ENS founder Nick Johnson wrote the following on the forum:
> "Political struggles within the working group have already taken a toll on the ENS DAO, driving away many dedicated contributors—and even more will leave by the end of this term. As things stand, we are heading toward a situation where all serious, focused, and capable people are either pushed out or prevented from participating, resulting in the DAO's leadership falling into the hands of those who are either inexperienced, too stubborn to leave, or have external incentives that conflict with the protocol."
He then added:
> "If you're worried I'm talking about you, no, of course not—you are one of the good ones."
This statement seems to be a reassurance, but in fact, it is the most biting sarcasm. In an organization that claims to be "decentralized,"

In the fireside chat at Breakpoint 2025, JPMorgan's Scott Lucas reviewed the key moments in the shift in institutional attitudes. He frankly stated that if we rewind a year, executing similar transactions on public chains was almost a "zero probability event" in his view.
Scott said that over the past year, multiple factors have changed: on one hand, adjustments in rules and regulatory environments; on the other hand, changes in overall market dynamics and institutional risk appetite. Previously, in the U.S. market, opportunities for institutional participation in public chains had long been constrained, and many issues could not even be seriously raised and discussed. Now, this space is being reopened.
Scott emphasized that this change is positive in itself because it has, for the first time, allowed institutions to calmly consider a more fundamental question: including blockchain and a whole set of new technologies, in the future

Author: Azuma
From December 11 to December 13, the fifth Breakpoint was successfully held in Abu Dhabi. As the largest and most influential ecosystem conference in the Solana ecosystem, Breakpoint often carries the entire Solana community's expectations for value judgment, future direction, and wealth secrets.
During the Breakpoint cycle, the Solana Cypherpunk Hackathon, organized by the Solana Foundation and hosted by Colosseum, received significant exposure and attention. This year's hackathon brought together entrepreneurs and developers from over 150 countries, with more than 9,000 participants forming teams to submit 1576

Interview: The Round Trip
Compiled & Edited by: Yuliya, PANews
Against the complex backdrop of Bitcoin spot ETF approval, accelerating institutional capital inflows, and the still-high global macro interest rate environment, the traditional investment paradigm in the crypto market is facing profound challenges. When the old map of the "four-year cycle" may no longer be applicable, investors are urgently in need of a brand-new navigation chart to cut through the fog and find certainty through bull and bear markets. NextGen Digital Ventures

In the crypto world, a single click mistake can trigger a "digital disaster." One of the most common nightmares is sending assets to the wrong blockchain. For example, intending to send ETH to an address on the Ethereum Sepolia testnet, but accidentally sending it to an address on the Ethereum mainnet. In such cases, is it still possible to recover the mistakenly transferred funds from the Ethereum mainnet? Whether assets can be recovered depends crucially on the type of the recipient address. This article will analyze different scenarios.
1. Scenario 1: The recipient address is an EOA
EOA (Externally Owned Account) is the common wallet address controlled directly by a private key or mnemonic phrase.
Prerequisites for asset recovery:
- You transferred assets to an EOA address.
- You possess the private key or mnemonic phrase for this target EOA address.

Author: BlockWeeks
Between the crypto market and traditional financial markets (TradFi), there has long been an invisible wall: the friction costs of fiat channels.
Recently, the globally renowned electronic broker Interactive Brokers (IBKR) announced a milestone update: officially supporting clients to deposit funds using stablecoins (mainly USDC) for trading stocks, futures, and forex, among other traditional assets.
If not examined carefully, this might seem like a simple payment feature update. But in the eyes of observers well-versed in financial infrastructure transformation, this is a substantial acknowledgment by Wall Street’s top broker of the “on-chain settlement network.” When the US Dollar becomes USDC, and SWIFT becomes the

Author: @BlazingKevin\_ , Researcher at Movemaker
Introduction: A Historic Turning Point in Regulation
The crypto industry experienced a historic turning point in the US regulatory environment in 2025. After a long period of "enforcement as regulation" leading to significant legal uncertainties, SEC Chair Paul Atkins introduced the "Crypto Initiative" in July 2025, aimed at modernizing securities regulation and supporting the administration's vision to position the United States as the "Global Crypto Capital."
One of the core measures of this new regulatory paradigm is the introduction of the "Innovation Exemption" policy. This exemption is designed as a time-limited regulatory relief to allow emerging projects to operate until the SEC finalizes permanent rules for digital assets.

At the beginning of 2025, the Bitcoin (BTC) market was filled with rampant optimism, with institutions and analysts collectively betting that the year-end price would surge to over $150,000, or even head towards $200,000+ or higher. However, reality unfolded a different story: BTC plummeted more than 33% from its peak of approximately $126,000 in early October, entered a "bloodbath" mode in November (a monthly decline of 28%), and as of December 10th, the current price stabilized in the $92,000 range.
This collective crash warrants an in-depth review: Why was the early-year prediction so unanimously optimistic? Why did almost all mainstream institutions get it wrong?
1. Early-Year Predictions vs. Current Situation Comparison
1.1 The Three Pillars of Market Consensus
At the beginning of 2025, the Bitcoin market was engulfed in unprecedented optimism. Almost all mainstream institutions set a year-end target price of over $150,000, with some...

Author: Anita
On December 10, 2025, a16z Crypto announced the opening of an office in Seoul. The press release described it as an "offensive," but upon closer inspection, seeing a16z's heavy reliance on liquidity exits and the surge in regulatory liabilities, it becomes clear that this might be a form of "escape" for a16z.
U.S. long-arm jurisdiction has cornered the Crypto industry.

Author: BlockBeats
Solana Breakpoint 2025 will be held from December 11 to 13 in Abu Dhabi, United Arab Emirates. Over 6,000 developers and project teams from more than 100 countries will gather to focus on the latest developments and future prospects of the Solana ecosystem.
Real Vision co-founder and CEO Raoul Pal, Solana co-founder Anatoly Yakovenko, Solana Foundation Chair Lily Liu, Galaxy founder and CEO Mike Novogratz, and other industry leaders will attend and deliver speeches. BlockBeats will provide real-time updates and coverage of the event. The latest content is as follows:
December 12