The Christmas Eve crypto market remains lively. BTC, ETH, and SOL, the three major mainstream coins, continue to fluctuate. The new highs in the US stock market highlight the relatively lagging performance of crypto assets this year, and the community's pessimistic sentiment has noticeably increased. Exhausted trading volume has become the main theme, and seasoned traders advise to watch more and act less.

The well-known BTC OG whale in the market is still struggling to hold positions, with the total unrealized loss reaching $53.23 million. Among them, the most severe loss is from long ETH positions, with an unrealized loss of $45.03 million, which is also the main source of unrealized losses.

From the perspective of spot trading, there has been an outflow of 3,000 ETH again. Analysts point out that traditional investors' enthusiasm for cryptocurrencies is indeed waning, and no clear turnaround signals are visible in the short term.

At the project level, ZK smart verifiable computing platform Brevis announced its token economic model, with a total supply set at 1 billion tokens. It seems the new coin issuance schedule has been finalized. Currently, the platform has launched a daily check-in points mechanism, allowing early participants to accumulate chips.

Interestingly, Aave founder recently invested $10 million heavily into AAVE, but was questioned by netizens about whether this was an attempt to influence community votes through large purchases. Ironically, whether buying or selling tokens, this founder can't avoid being criticized, which is somewhat helpless.

The former exchange leader frequently mentioned topics such as prediction markets, stablecoins, AI Agents, and RWA during the year-end AMA, which seem to be becoming new focal points in the industry.

Japanese listed company Metaplanet, a leader in BTC holdings locally, just approved a plan to further increase its Bitcoin holdings. However, the stock price has fallen from a historical high of 1895 yen to the current 450 yen, and investors holding this stock have indeed experienced a "hell mode."

Actions from exchanges are also frequent. A major platform launched a 20% annualized activity with USD1, attracting capital participation. A maximum of 50,000 USD can earn 800 USD in one month. The total circulation of USD1 has already exceeded 2.779 billion, with 68.33% of liquidity distributed on the BSC chain. In comparison, WLFI's price fluctuations are minimal.

The MEME track's PIPPIN token performed exaggeratedly, soaring to 0.76 yesterday before retracing to 0.45. The daily contract trading volume exceeded 1 billion. According to community feedback, many short sellers suffered significant losses in this wave of market movements.