24-Hour Hot Cryptocurrencies and News | BlackRock: Fed Rate Cuts in 2026 May Be Limited; Aave Founder Faces Investigation for Purchasing $10 Million in AAVE Tokens (December 25)
1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: +1.12%
- ETH: +0.84%
- BNB: +0.72%
- SOL: +0.94%
- BIFI: +119.08%
- DOGE: +1.11%
- ZEC: +9.81%
- FARM: +8.83%
- BAR: -0.18%
- ZBT: +25.51%
24-hour gainers list (data source: OKX):
- BANANA: +25.76%
- METIS: +19.44%
- ULTI: +14.40%
- AVNT: +9.56%
- LAYER: +9.33%
- MEW: +9.09%
- PARTI: +7.34%
- DASH: +6.53%
- CFX: +6.44%
- GHST: +6.27%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- QNTM.M: +18.11%
- HUT.M: +15.28%
- RGTI.M: +14.65%
- FLY.M: +14.08%
- QUBT.M: +13.04%
- FFAI.M: +12.5%
- ABTC.M: +11.24%
- HYPD.M: +11.17%
- ABTS.M: +11.11%
- IONQ.M: +10.95%
2. Top 5 trending on-chain memes (data source: GMGN ):
- Beat
- VELO
- RLS
- GUA
- LAB
Headlines
BlackRock: Fed rate cuts in 2026 may be limited
In a report, BlackRock strategists Amanda Lynam and Dominique Bly noted that the Federal Reserve is expected to implement only limited rate cuts in 2026. With a cumulative rate cut of 175 basis points in this cycle, the Fed is approaching its neutral interest rate level. Unless there is a sharp deterioration in the labor market, the room for further rate cuts in 2026 is quite limited. According to LSEG data, the market currently expects the Fed to implement two rate cuts in 2026.
Aave founder faces scrutiny for purchasing $10 million worth of AAVE tokens.
Aave founder Stani Kulechov recently sparked controversy in the community by purchasing $10 million worth of AAVE tokens. DeFi strategist and liquidity expert Robert Mullins wrote that the purchase was intended to increase Kulechov’s voting power in order to support a proposal that directly harms the best interests of token holders in an upcoming vote. Prominent crypto KOL Sisyphus also expressed similar concerns, stating that Kulechov may have sold millions of dollars worth of AAVE tokens between 2021 and 2025, and questioning the economic motives behind this buyback. This controversy comes as Aave token holders are debating how governance power is exercised in this DeFi protocol. Critics point out that large token purchases could materially influence voting results in high-risk governance proposals. Data shows that the top three voters in the Aave DAO control over 58% of the voting power, raising questions about the fairness of the governance mechanism.
The Philippines begins banning Coinbase and Gemini.
The Philippines has begun banning cryptocurrency exchanges Coinbase and Gemini because the two exchanges are operating Virtual Asset Service Providers (VASPs) without a license.
Analysts: Gold’s medium- to long-term outlook remains optimistic.
Gold prices climbed again, continuing their upward trend after hitting a record high in the previous trading session. Swissquote senior analyst Ipek Ozkardeskaya pointed out that gold prices have broken historical highs more than 50 times this year, and the core factors driving the current price increase have not subsided. She stated, “Theoretically, the medium- to long-term outlook for gold remains optimistic.”
Matrixport released a chart today stating that, from a pricing logic perspective, the main driver of crypto asset prices remains the inflow of new funds, rather than changes in the number of users or application scenarios themselves. This is particularly evident in the Ethereum ETF: during a period of sustained inflows of nearly $10 billion, the price of ETH rose from approximately $2,600 to $4,500; however, when the inflows slowed, the price quickly gave back those gains.
In an environment where new real demand is relatively limited, Ethereum, and the broader crypto market, remains highly sensitive to marginal changes in fund flows. Compared to the previous bull market, where the main themes revolved around narratives such as “adoption, revenue, and network growth,” and funds were willing to pay a premium for these expectations, in this cycle, price performance depends more on where funds flow, how fast they enter the market, and when funds suddenly stop flowing.
Understanding and proactively grasping these types of capital flows will be one of the core focuses of our subsequent research, and also a key area to track as we move towards 2026.
Industry News
Barclays raises its forecast for US fourth-quarter GDP growth to 2%.
In a research note, Barclays economists pointed out that the Federal Reserve is likely to view the unexpected acceleration in US GDP in the third quarter as a sign that underlying demand remains strong. While volatile components such as net exports may have exaggerated the overall growth momentum, the continued expansion of consumer spending demonstrates fundamental resilience. Economists noted that although economic performance may fluctuate in the first half of 2025, aggregate demand has accumulated significant momentum by year-end. Based on this, Barclays slightly raised its forecast for fourth-quarter GDP year-on-year growth by about 0.3 percentage points to 2.0%.
U.S. initial jobless claims unexpectedly fell last week, but the unemployment rate is likely to remain high in December due to sluggish employment. The Labor Department reported Wednesday that seasonally adjusted initial jobless claims fell by 10,000 to 214,000 in the week ending December 20. Economists polled by Reuters had expected 224,000. Recent data has been volatile due to challenges in seasonal adjustments ahead of the holiday season. The labor market remains in what economists and policymakers call a “no hiring, no laying off” pattern. While the U.S. economy remains resilient, the labor market is virtually at a standstill. Continuing jobless claims rose by 38,000 to a seasonally adjusted 1.923 million in the week ending December 13. This increase is consistent with a survey released Tuesday by the Conference Board, which showed that consumer sentiment toward the labor market deteriorated this month to levels not seen since early 2021. The unemployment rate rose to a four-year high of 4.6% in November, though this was partly due to technical factors related to the government shutdown.
China Properties Investment Holdings Limited (736 HK) announced that its board of directors has resolved to proceed with its asset allocation plan: subject to compliance with relevant laws and regulations and risk management, it intends to use its own funds to purchase and hold BNB and other suitable digital assets in the open market as strategic reserve assets for the company.
This Friday, approximately $23.6 billion worth of Bitcoin options will expire, marking the largest options expiration date in Bitcoin’s history.
Analysis indicates that the expiration date is exceptionally large, and the overall trend is bullish. The biggest pain point (the price level at which option buyers suffer the greatest loss and sellers the greatest profit at expiration) is $96,000, which will reinforce the upward price trend.
Etherscan published data on the X platform, revealing that Ethereum L1 processed 1,913,481 transactions on December 23, setting a new record for the highest single-day transaction volume in 2025, with an average transaction fee of $0.16.
Project News
The Drift Foundation has published the DIP-9 proposal in its governance forum. This proposal aims to establish a sustainable fee allocation framework to fund the continued development and growth of protocols.
According to the proposal, DIP-9 intends to allocate $1.5 million per month from its existing agreement fees to Drift Labs to support its operating expenses, including engineering infrastructure, subscriptions, and gas fees. If the proposal is approved, $9 million will be paid upfront to cover operating costs for the first half of 2026. Subsequent allocations will be made monthly over 18 months.
Currently, the Drift protocol ecosystem is performing robustly, with cumulative transaction fee revenue reaching $42 million. Voting on the proposal will begin on December 24, 2025, with an initial implementation period of two years.
PaperImperium published an article on its X platform stating that Uniswap Foundation (UF) executive compensation levels are unusual. Financial statements show that Uniswap Foundation disbursed $9.9929 million in grants, while employee compensation expenses reached $4.7943 million, of which $3.8711 million was used to pay executive compensation. In 2024, 22% of Uniswap Foundation’s total expenditures were used to pay executive salaries.
In comparison, the Optimism Grants Council had a total grant budget of $63.5 million during the same period, while paying only $2.1393 million to review and follow-up staff. Even with the $500,000 KYC service fee included, the total compensation of the three Uniswap Foundation executives was equivalent to the entire operating costs of the Optimism Grants Council, while the amount of funds they contributed was only 20% of the latter.
Hyper Foundation: The HYPE address listed in the aid fund address has been officially destroyed.
The Hyper Foundation announced on the X platform that the HYPE token in the aid fund system address (0xfefefefefefefefefefefefefefefefefefefefe) has been officially confirmed as destroyed. This governance vote was based on stake-weighted consensus, with 85% of stakeholders voting in favor of destruction, 7% against, and 8% abstaining.
Mark Greenberg, Kraken’s Global Head of Consumer Affairs, stated that the company plans to launch a prediction market product in 2026. Furthermore, following Kraken’s recent acquisition of Backed Finance, which spearheaded the issuance of xStocks, Greenberg shared his vision for future tokenized stocks.
Investment and Financing
Crypto Life, a next-generation decentralized social ecosystem, announced the completion of a $20 million institutional funding round. This round was led by multiple investment institutions, including Bluemount Foundation, VEGA-Ventures, Infinite Alliance, ChainPulse Capital, and UZ Capital.
Crypto Life aims to build a global, decentralized social network centered on user privacy through blockchain technology, breaking the monopoly and control of user data by traditional social media giants and reshaping the social trust system and value distribution model.
Regulatory Trends
The EU’s digital asset tax transparency law will come into effect in January 2026.
The EU’s latest digital asset tax transparency law came into effect on January 1. It aims to extend the EU’s long-standing administrative cooperation framework on taxation to crypto asset and related service providers. It requires crypto asset service providers, including exchanges and brokers, to collect and report detailed user and transaction information to national tax authorities.
According to official sources, the Hong Kong Securities and Futures Commission (SFC) has added “Coying Cola” and “Globiance X Limited / Globiance HK Limited” to its list of suspicious virtual asset trading platforms. The SFC stated that both “Coying Cola” and “Globiance X / Globiance HK” advertised and operated virtual asset trading platforms, suspected of engaging in unlicensed activities. In addition, some investors have reported difficulties in withdrawing assets from “Globiance X / Globiance HK”.
The Hong Kong Securities and Futures Commission (SFC) announced today that it has listed “VSFOLT” and “VSFOLT RWA tokens” as suspicious investment products. These products reportedly claim to represent certain physical assets of baijiu (Chinese liquor) and shares of a Hong Kong-listed company, and investors can share profits upon maturity. The SFC reminds investors to exercise extreme caution, as they may suffer significant or even total losses in these investments.
On December 24, the Financial Services and the Treasury Bureau (FSB) and the Securities and Futures Commission (SFC) of Hong Kong jointly published a consultation conclusion on the legislative proposal to establish a licensing regime for virtual asset trading and custody service providers. The FSB and SFC also launched a one-month public consultation today on establishing a separate licensing regime for service providers offering advice on virtual assets and virtual asset management service providers.
Character voices
CZ posted on Binance Square, stating, “The cryptocurrency industry should be able to completely eradicate address poisoning attacks and protect users. All wallets should simply check if the receiving address is a poisoned address and block the user. This is a blockchain query. Wallets shouldn’t even display these spam transactions anywhere. If the transaction’s value is small, filter it out. Security alliances in the industry should maintain a real-time blacklist of these addresses so that wallets can check them before sending transactions. Binance wallets already do this. If a user tries to send to a malicious address, they will receive a warning.”
Tom Lee: Bitcoin’s rally will be even stronger after gold’s initial rise.
Tom Lee shared his opinion on the X platform, stating that he believes gold will rise first, followed by a stronger surge in Bitcoin.
Vitalik predicts that bug-free code may appear within the next 15 years.
Vitalik Buterin stated on the X platform that the notion that “bugs are inevitable and you can’t write bug-free code” will no longer hold true in the 2030s. Vitalik believes that while many software programs will still contain bugs (because functional improvements are more important in specific use cases), if developers truly desire bug-free code, this goal will be achievable in the 2030s.
Yi Lihua: Will prepare $1 billion to continue increasing ETH holdings
2025-12-24 12:31
Odaily Planet Daily reports that Yi Lihua stated in an article on the X platform that Trend Research is preparing to increase its funding by $1 billion and will continue to increase its holdings of ETH. Yi Lihua advised against shorting, stating that this would be a historic opportunity.
Jake, head of Wintermute OTC, wrote on the X platform, “Most traders naturally become trend followers, especially those who are solely driven by profit. Currently, BTC, ETH, and SOL are all trading below their respective moving averages, which is enough to make short-term speculators lose interest. But conversely, the same logic applies: once they regain their footing above key moving averages, funds will systematically flow back in, and market momentum will recover.”
Spark’s strategy lead, monetsupply.eth, posted on X that many people lack the necessary background understanding of the Aave incident.
Over the past few years, Avara and Aave Labs have been advancing the development of Aave v4 (a project funded by a $15 million grant from the DAO); meanwhile, ACI, BGD, TokenLogic, LlamaRisk, and other service providers (SPs) and the DAO have focused their efforts on expanding and growing Aave v3.
During this period, Aave v3 grew into the largest on-chain lending protocol and also became a significant cash cow (generating tens of millions of dollars in net annual revenue). From any perspective, the efforts made by the DAO and service providers around v3 can be considered a huge success. In contrast, during the development of Avara v4, a considerable amount of its energy was devoted to projects or acquisitions that were not directly related to the Aave ecosystem, and these attempts ultimately failed to bring incremental value to the Aave ecosystem.
This has led to some disagreement regarding the future direction of the Aave protocol, primarily concerning two paths: one is a full-fledged focus on migrating to v4 and effectively beginning to phase out v3; the other is to allow v3 and v4 to run in parallel for a long period, while continuing to support v3 for an extended time. Aave Labs leans towards the first option, while ACI, BGD, and other service providers generally prefer the second.
Against this backdrop, control over the Aave brand and IP, especially the aave.com front-end, becomes particularly crucial. This front-end is currently the most important and widely used entry point for users to access the Aave protocol. This is not only about the fees generated by the front-end redemption function, but also about who controls the “traffic entrance” of the Aave ecosystem and what v3/v4 development roadmap will ultimately be adopted.
This article is sourced from the internet: 24-Hour Hot Cryptocurrencies and News | BlackRock: Fed Rate Cuts in 2026 May Be Limited; Aave Founder Faces Investigation for Purchasing $10 Million in AAVE Tokens (December 25)
Related: Miners Amidst the Bitcoin Crash: Who’s Profiting? Who’s Holding On?
Original translation by Chopper The financial logic of Bitcoin miners is quite simple: they survive on fixed protocol revenue but face fluctuating real-world expenses. When markets are volatile, they are the first to feel the pressure on their balance sheets. Miners’ revenue comes from selling the Bitcoins they mine, while their operating costs are primarily the electricity bills for the heavy computers needed to run mining. This week, I tracked some key data for Bitcoin miners: the network pays them, the cost of earning that revenue, the remaining profit after deducting cash outlays, and the final net profit after accounting. With Bitcoin prices currently below $90,000, miners are facing difficulties. Over the past two months, miners’ average 7-day revenue has dropped 35% from $60 million to $40 million. Let me…
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