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Galaxy Research: Tether is now the largest CeFi lender in the crypto sector, with loans exceeding $14 billion
Jinse Finance reported that Alex Thorn, Head of Research at Galaxy Research, wrote an article titled "Don’t Underestimate Tether," pointing out that Tether has established a vast range of investments and business operations. In addition to a circulating supply of over 185 billions USDT, the company has also invested in agricultural and robotics companies, operates bitcoin mining and high-performance computing (HPC) data centers, and is developing an AI health application (QVAC) as well as a private communication application (Keet). Furthermore, Alex Thorn disclosed in the latest report that Tether is now the largest centralized finance (CeFi) lending institution in the cryptocurrency sector, with loan volumes exceeding 14 billions USD, and has paid out over 10 billions USD in dividends to shareholders in the first nine months of this year.
Jinse Finance reported that Alex Thorn, Head of Research at Galaxy Research, wrote an article titled "Don’t Underestimate Tether," pointing out that Tether has established a vast range of investments and business operations. In addition to a circulating supply of over 185 billions USDT, the company has also invested in agricultural and robotics companies, operates bitcoin mining and high-performance computing (HPC) data centers, and is developing an AI health application (QVAC) as well as a private communication application (Keet). Furthermore, Alex Thorn disclosed in the latest report that Tether is now the largest centralized finance (CeFi) lending institution in the cryptocurrency sector, with loan volumes exceeding 14 billions USD, and has paid out over 10 billions USD in dividends to shareholders in the first nine months of this year.
Data: A newly created address withdrew 1,614 ETH from CEX about 3 hours ago, worth approximately $5.03 million.
ChainCatcher News, according to on-chain analyst @ai_9684xtpa, a new address 0x1f1...E0336 may be accumulating ETH. Three hours ago, this address withdrew 1,614 ETH from an exchange, worth $5.03 million, at a withdrawal price of $3,115.79.
ChainCatcher News, according to on-chain analyst @ai_9684xtpa, a new address 0x1f1...E0336 may be accumulating ETH. Three hours ago, this address withdrew 1,614 ETH from an exchange, worth $5.03 million, at a withdrawal price of $3,115.79.
Data: 38.02 WBTC transferred from Julian Tanner, worth approximately $3.4254 million
According to ChainCatcher, Arkham data shows that at 21:22, 38.02 WBTC (worth approximately $3.4254 million) were transferred from Julian Tanner to an anonymous address (starting with 0x7103A...).
According to ChainCatcher, Arkham data shows that at 21:22, 38.02 WBTC (worth approximately $3.4254 million) were transferred from Julian Tanner to an anonymous address (starting with 0x7103A...).
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
BlockBeats News, December 13, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market remains broadly bearish. The specific funding rates for major cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, ensuring that contract prices stay close to the underlying asset prices.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
BlockBeats News, December 13, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market remains broadly bearish. The specific funding rates for major cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, ensuring that contract prices stay close to the underlying asset prices.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
Reuters: Strategy stocks will remain in the Nasdaq 100 Index
BlockBeats News, December 13, according to Reuters, the listed Bitcoin treasury company Strategy will remain in the Nasdaq 100 Index, retaining its position in the benchmark index and extending its year-long status as a constituent stock. This move comes amid analysts raising questions about its business model.
Some market observers believe that Strategy's pioneering business model—centered on "buying and holding Bitcoin for the long term," which has inspired dozens of imitators—is closer to an investment fund rather than a traditional operating company. Meanwhile, concerns about the sustainability of "crypto asset treasury companies" continue to rise in the market. The share prices of such companies have proven to be extremely sensitive to Bitcoin price fluctuations.
Global index provider MSCI (MSCI.N) has also expressed concerns about including digital asset treasury companies in its index system. MSCI is expected to decide in January next year whether to remove Strategy and similar companies from its indices.
BlockBeats News, December 13, according to Reuters, the listed Bitcoin treasury company Strategy will remain in the Nasdaq 100 Index, retaining its position in the benchmark index and extending its year-long status as a constituent stock. This move comes amid analysts raising questions about its business model.
Some market observers believe that Strategy's pioneering business model—centered on "buying and holding Bitcoin for the long term," which has inspired dozens of imitators—is closer to an investment fund rather than a traditional operating company. Meanwhile, concerns about the sustainability of "crypto asset treasury companies" continue to rise in the market. The share prices of such companies have proven to be extremely sensitive to Bitcoin price fluctuations.
Global index provider MSCI (MSCI.N) has also expressed concerns about including digital asset treasury companies in its index system. MSCI is expected to decide in January next year whether to remove Strategy and similar companies from its indices.
If bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $1.071 billions.
BlockBeats News, December 13, according to Coinglass data, if bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $1.071 billions.
Conversely, if bitcoin breaks above $92,000, the cumulative short liquidation intensity on major CEXs will reach $1.057 billions.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
BlockBeats News, December 13, according to Coinglass data, if bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $1.071 billions.
Conversely, if bitcoin breaks above $92,000, the cumulative short liquidation intensity on major CEXs will reach $1.057 billions.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
This week, the net inflow of US Bitcoin spot ETFs reached $286.6 million.
BlockBeats News, December 13, according to monitoring by Farside Investors, the net inflow of US spot bitcoin ETFs this week was $286.6 million, including:
BlackRock IBIT: + $214.1 million
Fidelity FBTC: + $84.5 million
Bitwise BITB: + $24.6 million
ARK ARKB: - $11.1 million
Invesco BTCO: + $6.5 million
Franklin EZBC: + $8.1 million
VanEck HODL: - $25.2 million
WisdomTree BTCW: + $1 million
Grayscale GBTC: - $38.7 million
Grayscale BTC: + $22.8 million
BlockBeats News, December 13, according to monitoring by Farside Investors, the net inflow of US spot bitcoin ETFs this week was $286.6 million, including:
BlackRock IBIT: + $214.1 million
Fidelity FBTC: + $84.5 million
Bitwise BITB: + $24.6 million
ARK ARKB: - $11.1 million
Invesco BTCO: + $6.5 million
Franklin EZBC: + $8.1 million
VanEck HODL: - $25.2 million
WisdomTree BTCW: + $1 million
Grayscale GBTC: - $38.7 million
Grayscale BTC: + $22.8 million
Prediction markets show Kevin Warsh's probability of becoming the next Federal Reserve Chair has surged, now at 39%.
Jinse Finance reported that U.S. President Trump has narrowed the race for Federal Reserve Chair down to the "two Kevins." He previously indicated a preference for either former Federal Reserve Governor Kevin Warsh or National Economic Council Director Kevin Hassett to lead the Fed next year. According to the latest data from prediction market Kalshi, the probability of Kevin Warsh being elected as the next Fed Chair has surged by 25 basis points to 39%, while Kevin Hassett's probability has dropped by 18 basis points to 54%. The probability for another candidate, Christopher Waller, is only 5%. After a recent meeting, Trump stated that Warsh is currently his top choice, but he gave high praise to both candidates. Both support lowering interest rates and believe rates should be at 1% or below. The market has now factored in the prospect of a more dovish Fed policy.
Jinse Finance reported that U.S. President Trump has narrowed the race for Federal Reserve Chair down to the "two Kevins." He previously indicated a preference for either former Federal Reserve Governor Kevin Warsh or National Economic Council Director Kevin Hassett to lead the Fed next year. According to the latest data from prediction market Kalshi, the probability of Kevin Warsh being elected as the next Fed Chair has surged by 25 basis points to 39%, while Kevin Hassett's probability has dropped by 18 basis points to 54%. The probability for another candidate, Christopher Waller, is only 5%. After a recent meeting, Trump stated that Warsh is currently his top choice, but he gave high praise to both candidates. Both support lowering interest rates and believe rates should be at 1% or below. The market has now factored in the prospect of a more dovish Fed policy.
Negotiations on the US crypto market structure bill continue and may be postponed until next year
ChainCatcher news, according to CoinDesk, negotiations in the U.S. Senate regarding the crypto market structure bill may be delayed until next year due to several unresolved points of disagreement.
The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, which was chaired by U.S. President Donald Trump’s crypto advisor Patrick Witt. The negotiations involve Senate Democrats, Republicans, the White House, and the crypto industry, with four major points of contention still needing to be resolved.
These disagreements include ethical standards for government officials participating in digital assets, particularly the involvement of U.S. President Donald Trump, whether stablecoins should be yield-bearing, and the U.S. Securities and Exchange Commission’s (SEC) jurisdiction over tokens and its authority in handling decentralized finance (DeFi).
Patrick Witt posted on X that the White House and Senate Republicans “are aligned on the need to protect software developers and DeFi.” Despite the differences, the intensity and pace of the negotiations remain high. Cody Carbone, CEO of Digital Chamber, stated that all parties have a genuine desire and motivation to complete the legislation, and substantial progress is expected early next year.
ChainCatcher news, according to CoinDesk, negotiations in the U.S. Senate regarding the crypto market structure bill may be delayed until next year due to several unresolved points of disagreement.
The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, which was chaired by U.S. President Donald Trump’s crypto advisor Patrick Witt. The negotiations involve Senate Democrats, Republicans, the White House, and the crypto industry, with four major points of contention still needing to be resolved.
These disagreements include ethical standards for government officials participating in digital assets, particularly the involvement of U.S. President Donald Trump, whether stablecoins should be yield-bearing, and the U.S. Securities and Exchange Commission’s (SEC) jurisdiction over tokens and its authority in handling decentralized finance (DeFi).
Patrick Witt posted on X that the White House and Senate Republicans “are aligned on the need to protect software developers and DeFi.” Despite the differences, the intensity and pace of the negotiations remain high. Cody Carbone, CEO of Digital Chamber, stated that all parties have a genuine desire and motivation to complete the legislation, and substantial progress is expected early next year.
The U.S. Senate Banking Committee may postpone the review of the "Cryptocurrency Market Structure Bill" until 2026.
ChainCatcher reported that crypto journalist Eleanor Terrett posted on X that bipartisan U.S. senators have once again held talks on the "Cryptocurrency Market Structure Bill." After the meeting, Senator Mark Warner revealed that, given the current status of the bill, it would be "very difficult" to review it next week. This view was echoed by other senators. It now appears that the U.S. Senate Banking Committee is likely to wait until the new year to review the bill.
ChainCatcher reported that crypto journalist Eleanor Terrett posted on X that bipartisan U.S. senators have once again held talks on the "Cryptocurrency Market Structure Bill." After the meeting, Senator Mark Warner revealed that, given the current status of the bill, it would be "very difficult" to review it next week. This view was echoed by other senators. It now appears that the U.S. Senate Banking Committee is likely to wait until the new year to review the bill.