According to an article published on the X platform by crypto KOL @pgreyy, based on DefiLlama funding data, a total of 73 projects raised over $10 million in the past three months. The list shows a significant decrease in venture capital interest in L1 public chains, with only Tempo, an L1 payment public chain, making the list. VCs are primarily focusing on the following five areas: - Prediction markets - Payment systems (+ banking) - RWA - Infrastructure linked to ordinary users or RWA - DeFi. Furthermore, only two AI-related companies met the $10 million funding requirement in the past three months; excluding the funding period, this number is nine.

Huoxun Finance reported on December 12th that Matrixport stated in its weekly report that the latest FOMC meeting results were largely in line with market expectations, but the dot plot did not provide clear guidance on the subsequent policy path, instead increasing market uncertainty about the future pace. However, judging from interest rate and asset price performance, these uncertainties are still relatively limited in the current price levels. Powell's cautious remarks, coupled with early signs of a weakening labor market, indicate that the current macroeconomic environment is different from that at the beginning of the year. The report points out that against this backdrop, Bitcoin broke below a key long-term trend level for the first time in this bull market, and its price movement is similar to the market rhythm before and after midterm elections in previous years. Although discussions about "the Fed restarting balance sheet expansion" have intensified recently, overall liquidity in the crypto market remains tight, retail transaction activity has not yet rebounded significantly, and the impact of political factors on market sentiment and trading behavior may not have been fully priced in. With multiple factors intertwined, the market is transitioning from a single-trend market to a more complex structure. In this stage, the importance of position management and risk control has significantly increased. The report maintains its previous assessment that even if the current market situation is not defined as a bear market, the current consolidation phase is still highly likely to continue.

According to Hyperbot data, the "whale that opened short positions after the flash crash on October 11th" has just added approximately 627 ETH to its long positions, bringing its total long ETH holdings to 151,094.52 ETH (approximately $492 million). The whale's total holdings currently stand at $614 million, with a total unrealized profit of $12.22 million.

Odaily Planet Daily reports that five prominent organizations—Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog—have jointly announced the formation of the Coalition for Prediction Markets (CPM). According to the official report, nearly half of Americans under the age of 45 have used prediction markets, and the market continues to expand rapidly. In October of this year, the prediction market industry was valued at $28 billion. Prediction markets outperform traditional polls by approximately 30%. Furthermore, over 70% of Americans agree on a key point: prediction markets should not be treated as gambling.

According to three sources, the Bank of Japan (BOJ) is likely to maintain its commitment to continue raising interest rates next week, but will emphasize that the pace of further rate hikes will depend on the economy's response to each increase. BOJ Governor Kazuo Ueda has essentially announced a December rate hike ahead of schedule, and the market has almost fully priced in the possibility of raising the rate from 0.5% to 0.75% in December. Market focus has shifted to the extent to which the BOJ can raise rates to a neutral level. Sources say that while the central bank may internally update its estimate of the policy rate's distance from what is considered neutral, it will not use this estimate as the primary communication tool for future rate hike paths due to the difficulty in making precise predictions. Instead, the sources indicate that the BOJ will explain that future rate hike decisions will be based on considerations of how past rate hikes have affected bank lending, corporate financing conditions, and other economic activity. One source stated, "Japan's real interest rates are very low, which allows the BOJ to continue raising rates in several phases," a view echoed by two other sources. (Jinshi)