Nasdaq has recently gained greater approval authority for IPOs, allowing it to reject listing applications that pose manipulation risks. This new regulation is primarily aimed at addressing the poor performance of small-scale IPOs, intending to strengthen market scrutiny, protect investors' interests, and make it more difficult for non-compliant financing projects to go public.

【Blockchain Rhythm】On December 12th, U.S. stocks opened with mixed performances. The Dow Jones Industrial Average rose slightly by 0.2%, the S&P 500 declined by 0.17%, and the Nasdaq Composite fell further by 0.46%.
Interestingly, the crypto sector defied the trend and strengthened. Coinbase(COIN) increased by 1.8%, Strategy(MSTR) rose by 0.42%, Riot Platforms(RIOT) gained 1.76%, MARA Holdings(MARA) increased by 1.7%. Circle(CRCL) performed the best with a gain of 2.6%. Additionally, BitMine Immersion(BMNR) increased by 0.69%, SharpLink

At the Solana Breakpoint conference, the launch of Asia's first tokenized money market fund was announced, supporting three currencies: HKD, USD, and RMB. Investors can access it directly on the blockchain, with real-time settlement and high transparency. This project will start in Hong Kong and gradually expand across Asia, marking an innovative exploration of traditional asset tokenization.

【Chain News】Interesting on-chain activity. Two recently registered wallet addresses (0x98DF and 0xEb2c) withdrew a total of 300,000 USDT from a major exchange. More importantly, the funds didn't sit idle—they've already投入 200,000 USD into RAVE tokens, quickly sweeping approximately 950,000 tokens in a short period. The remaining 100,000 USD is still sitting in the account, but given this pace, it's very likely that they will continue increasing their RAVE holdings. New wallets, large withdrawals, rapid position building—these patterns usually indicate someone is planning something or has a clear view on RAVE's future market. On-chain data is so straightforward that all transactions are openly displayed.

USDC officially burned $78.9 million worth of USDC on the Ethereum network, involving 78,904,497 tokens. This rare move may reflect changes in market demand and strategic adjustments. Adjustments in stablecoin supply will directly impact market liquidity, and future market reactions should be closely monitored.

Tether is exploring ways to better ensure investor liquidity and actively intervene in shareholder reductions to maintain confidence in the stablecoin ecosystem. This indicates its effort to balance liquidity needs with share stability, reflecting a focus on trust in the Web3 market.

【Crypto World】Phantom Wallet has just announced an interesting update. This leading Solana wallet with over 20 million users has now partnered with regulated prediction market platform Kalshi, integrating prediction market functionality directly within the wallet.
How does it work? Essentially, users can trade tokenized positions on various real-world events directly inside the Phantom wallet—covering politics, cryptocurrency markets, sports events, and cultural hotspots. Users can place orders using Solana or CASH tokens without the need to register a separate account, eliminating the hassle of switching platforms.
The feature also includes real-time odds display, community chat, and message notifications, creating a seamless ecosystem. In other words, Phantom is gradually evolving into a comprehensive platform for DeFi and event trading, expanding the wallet's role. For Solana users

【Crypto World】The data from the past week is quite interesting—AI meme coins on the Solana and BSC chains have skyrocketed in popularity, with a very strong growth momentum. Meanwhile, the Terra ecosystem also suddenly experienced a rebound, which was somewhat unexpected.
The latest report released by exchanges covers the period from December 1 to 7, providing a detailed account of the most outstanding asset performances during that time. From on-chain data, the activity and trading volume of meme coins are indeed on the rise, and the recovery momentum of ecosystem tokens is also quite good. If you want to know which assets performed the fastest this week, this data is definitely worth a quick look.

The Metaplex team announces the official launch of Genesis SDK, bringing new opportunities to the Solana ecosystem. This toolkit allows developers to quickly build applications, simplify token issuance processes, lower development barriers, accelerate ecosystem application iterations, and expand innovation space.

【比推】Solana联合创始人Raj Gokal在Breakpoint大会上透露了一组有趣的数据：最近达到1亿美元营收的20家公司中，大多数来自加密领域，其中绝大部分都在Solana上构建。这正是Solana团队从一开始就想要实现的愿景。
他认为要达成这个目标，本质上需要成千上万的创业者源源不断地带来创新——不停地尝试各种新颖的区块空间价值应用。而现在的Solana生态已经初具这种势能了。从Colosseum黑客松的规模就能看出端倪，这个活动一届接一届地扩大，每场都能吸引超过1700支队伍参加。这种创新密度和参与度，正在验证着生态的蓬勃生命力。

Circle CEO Jeremy Allaire shared the latest data on the tokenized fund USYC, which has reached a market value of $1.3 billion, with a monthly growth rate of 737.7%, leading the market in growth. This reflects an increased demand for compliant stable products and Circle's successful positioning in the field, but whether this growth can be sustained in the future remains to be seen.

【Blockchain Rhythms】 Recently, the data on Polymarket, this prediction market platform, exploded — weekly trading volume skyrocketed to $1.3 billion, setting a new record. What's even more astonishing is that this figure is actually higher than the trading peak during the US election period.
Looking at the performance across various categories, almost all areas saw a surge: sports betting soared 320%, leading the pack; culture and entertainment categories more than tripled, increasing by 6.7 times. Political predictions increased by 139%, cryptocurrency-related transactions rose 195%, and financial market forecasts doubled by 200%. Even relatively niche sectors like science and technology saw a 90% increase.
The platform’s liquidity pool is also expanding rapidly — now, the total of open contracts plus USDC balances is locked at $517 million, nearly tripling in size since the beginning of the year. In November, website visits reached 19.9 million, hitting a new high for the year. Their beta US version app once hit