Author: TechFlow TechFlow
Yesterday's Market Dynamics
Both onshore and offshore yuan exchange rates against the US dollar hit a 14-month high.
According to Jiemian News, both onshore and offshore RMB exchange rates against the US dollar hit a 14-month high. On December 15, the spot exchange rate of the RMB against the US dollar rose to a high of 7.0500 during trading, the first time it has touched the 7.05 mark since October 9, 2024.
In the offshore market, the offshore yuan exchange rate against the US dollar, which better reflects the expectations of international investors, rose to a high of 7.046 on December 15, a new high since early October 2024.
Fed's Williams: Slowing job growth and easing inflation risks support Fed rate cuts
According to Jinshi Data, Federal Reserve official Williams stated that a cooling labor market and easing inflation risks provided a basis for the Fed's decision to cut interest rates last week. This was Williams' first public comment on last week's rate cut. He stated that he is increasingly convinced that price increases will continue to slow. Williams said that inflation is "temporarily hovering" above the Fed's target, but he believes that inflation may continue to decline as the effects of tariffs are absorbed by the broader economic system next year. At the same time, he stated that while the employment situation has not deteriorated sharply, it is gradually cooling, as reflected in official data and consumer and business surveys. Williams stated that, taken together, these changes in pressure on the Fed's two main economic goals supported last week's rate cut decision.
He Yi responds to rumors of Binance Alpha shutting down: I haven't heard of it.
In response to rumors circulating in the community that "Binance Alpha is about to shut down and make way for Aster, and several projects scheduled to be listed on Binance Alpha have been refunded," Binance Co-CEO He Yi stated on the X platform, "I haven't heard of that."
Bittensor has completed its first halving, with TAO daily production decreasing from 7200 to 3600.
According to the official announcement, Bittensor has completed its first-ever halving event, reducing daily token production from 7,200 TAO to 3,600 TAO.
Aster has announced that the third phase of the airdrop is now open for claims for one month.
According to official sources, the third phase of the Aster airdrop for decentralized exchange is now officially open for applications.
The application period is from 12:00 UTC on December 15, 2025 to 12:00 UTC on January 15, 2026, lasting one month. Users need to go to the official Aster platform and connect their wallets to apply.
Ripple will expand its stablecoin RLUSD to the Ethereum Layer 2 network.
According to CoinDesk, Ripple announced that it will expand its USD stablecoin RLUSD to Ethereum Layer 2 networks, including Optimism, Coinbase's Base, Kraken's Ink, and Uniswap's Unichain.
The company stated that it is currently in the testing phase and expects to roll out more widely next year after receiving regulatory approval from the New York State Department of Financial Services (NYDFS). This expansion utilizes Wormhole's Native Token Transfer (NTT) standard, enabling RLUSD to move natively between different chains without the need for wrapping or synthesizing assets.
Ondo Finance: The largest “tokenized stock and ETF platform” will launch on Solana in early 2026.
According to an official announcement, Ondo Finance announced that the largest tokenized stock and ETF platform will be launched on the Solana chain in early 2026.
Grayscale releases its 2026 digital asset outlook, predicting Bitcoin will reach new highs.
Grayscale Investments' latest report, "Digital Asset Outlook 2026: The Dawn of the Institutional Era," predicts that Bitcoin prices will reach a new all-time high in the first half of 2026, while the "four-year cycle" theory may come to an end. The report points out that macroeconomic demand for alternative stores of value and an improved regulatory environment will be the two main pillars driving the digital asset market.
The research team predicts that the US will pass bipartisan legislation on the crypto market structure in 2026, deepening the integration of blockchain with traditional finance. The report emphasizes that continued institutional capital inflows into crypto ETFs, along with the rapid development of stablecoins, asset tokenization, and DeFi applications, will jointly drive the market upward.
Grayscale also listed the top ten crypto investment themes for 2026, including growing demand for currency alternatives, improved regulatory clarity, stablecoin expansion, asset tokenization, demand for privacy solutions, and the integration of AI and blockchain. It also noted that quantum computing and digital asset treasuries will have a limited impact on the market in 2026.
Hashdex Releases 2026 Crypto Market Theme and Predictions: Crypto Dollar Begins to Replace Petrodollar, Stablecoin Market Cap to Double
Nate Geraci, co-founder of The ETF Institut, shared Hashdex's 2026 crypto market themes and predictions on the X platform, noting that:
1. The themes for 2026 include: the crypto dollar begins to replace the petrodollar, the tokenization flywheel effect drives the booming development of global applications, and artificial intelligence provides a more sufficient argument for the investment value of cryptocurrencies;
2. The 2026 forecast includes: stablecoin market capitalization will double, tokenized real-world assets will grow tenfold, and the "AI crypto" market size will grow to $10 billion. In addition, Hashdex also recommends that most investors allocate 5-10% of their funds to cryptocurrencies.
3. Key beneficiary market sectors include: smart contracts, platforms (Ethereum, Solana, etc.), Bitcoin, and decentralized finance applications.
JPMorgan Chase will launch its first tokenized money market fund on Ethereum , injecting $100 million as seed funding.
According to the Wall Street Journal, JPMorgan Chase will launch its first tokenized money market fund, marking a significant step for the banking giant in the application of blockchain technology.
The private equity fund will operate on the Ethereum blockchain and will be open to accredited investors. JPMorgan Chase will inject $100 million of its own capital into the fund as seed funding.
Visa has launched a stablecoin consulting service and already has dozens of clients.
According to Fortune, Visa has launched a Stablecoins Advisory Practice, which aims to provide stablecoin strategy development and implementation services for fintech companies, banks, and other businesses.
Carl Rutstein, Visa's Global Head of Consulting and Analytics, stated that the service currently serves dozens of clients, including Navy Federal Credit Union, VyStar Credit Union, and Pathward Financial Institution. The service will help businesses develop stablecoin strategies, technical operations, and implementation plans, primarily for cross-border payments and inter-business transactions.
Market Dynamics
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