BlockBeats-Nachrichten, 23. Dezember: Laut Coinglass-Daten gab es in den letzten 24 Stunden einen kumulativen Nettoabfluss von 15.200 Ethereum von CEX. Die CEX mit den höchsten Abflüssen waren:· Binance: Abfluss von 26.300 ETH· Bybit: Abfluss von 2.616,43 ETH· Gate: Abfluss von 1.334,72 ETHZudem verzeichnete Kraken einen Zufluss von 13.300 ETH und belegte damit den ersten Platz in der Zuflussliste.

{"translated_text": "{"1": "Original | Odaily Planet Daily Ethan\r\n \r\nAs the year draws to a close, the suspense over who will wield the scepter of the Federal Reserve Chair, the \"master valve\" of global liquidity, has become the most watched year-end cliffhanger.\r\nMonths ago, when the benchmark interest rate ended its long pause and saw its first cut, the market was once convinced that Christopher Waller was the chosen one (Recommended reading\"Academic Upset: Small-Town Professor Waller Becomes Hottest Candidate for Fed Chair\"). In October, the winds shifted, and Kevin Hassett surged ahead, with odds once approaching 85%. He is seen as \"the White House's mouthpiece\"; if he takes office, policy might completely follow Trump's will, even jokingly called a \"human money printer.\"\r\nHowever, today, we will not discuss the \"frontrunner\" with higher odds, but instead focus on the \"second in line\" with the most variables—Kevin Warsh.\r\nIf Hassett represents the market's \"greedy expectations\" (lower rates, more liquidity), then Warsh represents the market's \"fear and awe\" (harder money, stricter rules). Why is the market re-examining this outsider once hailed as the \"Wall Street Golden Boy\" at this moment? If he were to truly lead the Fed, what seismic shifts would occur in the underlying logic of the crypto market? (Odaily note: The core viewpoints of this article are based on deductions and summaries of Warsh's recent speeches and interviews.)\r\nWarsh's Evolution: From Wall Street Golden Boy to Fed Outsider\r\nKevin Warsh does not hold a Ph.D. in macroeconomics, and his career did not start in an ivory tower, but in Morgan Stanley's mergers and acquisitions department. This experience gave him a mindset completely different from Bernanke or Yellen: in the eyes of academics, a crisis is just a data anomaly in a model; but in Warsh's eyes, a crisis is the second a counterparty defaults, the life-or-death moment when liquidity instantly goes from \"available\" to \"nonexistent.\"\r\nIn 2006, when the 35-year-old Warsh was appointed as a Federal Reserve Governor, many questioned his lack of seniority. But history is humorous; it was precisely this \"Wall Street insider\" practical experience that made him an indispensable player in the subsequent financial storm. In the darkest moments of 2008, Warsh's role had already transcended that of a regulator; he became the sole \"translator\" between the Fed and Wall Street.\r\n\r\nClip of Warsh participating in an interview at Stanford University's Hoover Institution\r\nOn one hand, he had to translate Bear Stearns' toxic assets, which went to zero overnight, into language that academic officials could understand; on the other hand, he had to translate the Fed's obscure rescue intentions to the panicked market. He personally experienced the negotiations during that frantic weekend before Lehman's collapse. This close-quarters combat gave him a physiological sensitivity to \"liquidity.\" He saw through the essence of quantitative easing (QE): central banks indeed need to act as \"lenders of last resort\" during crises, but this is essentially a transaction of mortgaging future credit to buy survival time in the present. He even pointed out sharply that the long-term blood transfusions after the crisis were actually \"reverse Robin Hood,\" artificially inflating asset prices to rob the poor and give to the rich. This not only distorted market signals but also planted bigger landmines.\r\nIt was precisely this keen sense of systemic fragility that became his core bargaining chip when Trump was selecting candidates for the new Federal Reserve Chair. On Trump's list, Warsh and another hot candidate, Kevin Hassett, formed a stark contrast, a contest dubbed by the media as the \"Battle of the Two Kevins.\"\r\n\r\nFed Chair Candidates: Hassett VS Warsh, Image Source Odaily Original\r\nHassett is a typical \"growth-first\" advocate. His logic is simple and direct: as long as the economy is growing, low interest rates are justified. The market generally believes that if Hassett takes office, he would likely cater to Trump's desire for low rates, even starting to cut rates before inflation is fully under control. This also explains why long-term bond yields surged whenever Hassett's odds rose, as the market feared runaway inflation.\r\nIn contrast, Warsh's logic is much more complex; it's hard to simply label him as a \"hawk\" or a \"dove.\" Although he also advocates for rate cuts, his reasons are completely different. Warsh believes that current inflationary pressures are not because people are buying too much, but due to supply constraints and the excessive monetary expansion of the past decade. The Fed's bloated balance sheet is actually \"crowding out\" private credit and distorting capital allocation.\r\nTherefore, the prescription Warsh offers is a highly experimental combination: aggressive quantitative tightening (QT) coupled with moderate rate cuts. His intention is clear: control inflation expectations by reducing the money supply and restore the credibility of the dollar's purchasing power—essentially, draining some water out. At the same time, lower nominal interest rates to ease corporate financing costs. This is a hardcore attempt to get the economy moving again without turning on the liquidity taps.\r\nButterfly Effect on the Crypto Market: Liquidity, Regulation, and Hawkish Underpinnings\r\nIf Powell is like a \"gentle stepfather\" to the crypto market, cautiously trying not to wake the children, then Warsh is more like a \"strict boarding school headmaster\" with a ruler in hand. The storm stirred by this butterfly's wings might be more violent than we anticipate.\r\nThis \"strictness\" first manifests in his obsession with liquidity. The crypto market, especially Bitcoin, has been somewhat a derivative of the global dollar glut over the past decade. Warsh's policy core is a \"strategic reset,\" returning to the sound monetary principles of the Volcker era. His aforementioned \"aggressive quantitative tightening\" is both short-term bad news and a long-term litmus test for Bitcoin.\r\nWarsh has explicitly stated: \"If you want to lower interest rates, you must first stop the money printing press.\" For risk assets accustomed to the \"Fed put,\" this means the disappearance of the safety net. If he takes office and firmly implements his \"strategic reset,\" guiding monetary policy back to more prudent principles, global liquidity tightening will be the first domino to fall. As a \"frontier risk asset\" highly sensitive to liquidity, the cryptocurrency market will undoubtedly face valuation pressure in the short term.\r\n\r\nKevin Warsh discusses Fed Chair Jerome Powell's interest rate strategy on \"Kudlow,\" source Fox Business\r\nMore importantly, if he truly achieves \"inflation-free growth\" through supply-side reforms, keeping real yields positive in the long term, then holding fiat currency and government bonds will become profitable. This is completely different from the negative interest rate era of 2020, where \"everything went up, only cash was trash.\" Bitcoin's appeal as a \"zero-yield asset\" may face a severe test.\r\nBut there are always two sides to a coin. Warsh is someone who deeply believes in \"market discipline.\" He would never rush to rescue the market like Powell did when stocks fell 10%. This \"no-bottom\" market environment might ironically give Bitcoin a chance to prove its worth: when the traditional financial system develops credit fissures due to deleveraging (like the Silicon Valley Bank crisis), can Bitcoin break free from the gravitational pull of U.S. stocks and truly become a Noah's Ark for safe-haven capital? This is the ultimate test Warsh poses to the crypto market.\r\nBehind this test lies Warsh's unique definition of cryptocurrency. He left a famous quote in The Wall Street Journal: \"Cryptocurrency is a misnomer. It is not mysterious, nor is it money. It is software.\"\r\n\r\nExcerpt from"}

PANews berichtete am 23. Dezember, dass laut The Block das ghanaische Parlament das Gesetz über virtuelle Vermögensdienstleister verabschiedet hat, wodurch der Kryptowährungshandel offiziell legalisiert wurde. Zugehörige Marktteilnehmer müssen sich bei der Zentralbank oder der Wertpapieraufsicht registrieren. Die Zentralbank von Ghana erklärte, dass sie 2026 asset-basierte digitale Abwicklungswerkzeuge, einschließlich goldgedeckter Stablecoins, erforschen wird, um grenzüberschreitende Zahlungen und die Entwicklung der Marktinfrastruktur zu fördern.

PANews berichtete am 23. Dezember, dass laut Onchain Lens ein Wal/Institution über Helius 1.173.615 SOL-Token stakete, was einem Wert von etwa 174,36 Millionen US-Dollar entspricht.

BlockBeats-Nachricht, 23. Dezember: Laut Coinglass-Daten wird die kumulative Liquidationsstärke der Long-Positionen auf den führenden CEX 630 Millionen US-Dollar erreichen, sollte Ethereum unter 2.900 US-Dollar fallen.Umgekehrt wird die kumulative Liquidationsstärke der Short-Positionen auf den führenden CEX 918 Millionen US-Dollar betragen, sollte Ethereum über 3.100 US-Dollar steigen.BlockBeats Anmerkung: Das Liquidationsdiagramm zeigt nicht die genaue Anzahl der zu liquidierenden Kontrakte oder den genauen Wert der zu liquidierenden Kontrakte an. Die Balken im Liquidationsdiagramm stellen vielmehr die relative Bedeutung jedes Liquidationsclusters im Vergleich zu benachbarten Clustern dar, also deren Stärke.Daher zeigt das Liquidationsdiagramm, in welchem Ausmaß der Basispreis bei Erreichen einer bestimmten Position beeinflusst würde. Ein höherer „Liquidationsbalken“ zeigt an, dass nach Erreichen dieses Preises eine stärkere Reaktion aufgrund von Liquiditätswellen zu erwarten ist.

BlockBeats-Nachricht, 23. Dezember: Laut On-Chain-Daten hat die Adresse von BlackRock vor 9 Stunden 4.534 ETH und 45,379 BTC nachgekauft.Der Gesamtwert der Krypto-Assets auf dieser Adresse beläuft sich derzeit auf 79,127 Milliarden US-Dollar.

Deepwave TechFlow Nachricht, 23. Dezember, laut Cointelegraph-Bericht sagte Keith Grossman, Präsident des Krypto-Zahlungsunternehmens MoonPay, dass Tokenisierung die Finanzbranche schneller umgestalten wird, als die digitale Technologie die traditionellen Medien erschüttert hat. Er wies darauf hin, dass RWA traditionelle Finanzinstitutionen zur Anpassung zwingen wird, was keine theoretische Überlegung mehr ist; Institutionen wie BlackRock und Franklin Templeton bieten bereits tokenisierte Fonds auf der Blockchain an. Derzeit beträgt die Marktkapitalisierung im RWA-Bereich (ohne Stablecoins) fast 190 Milliarden US-Dollar, wobei die überwiegende Mehrheit der tokenisierten Vermögenswerte bereits im Ethereum-Netzwerk angesiedelt ist. Die Vorteile tokenisierter Vermögenswerte umfassen den Zugang zu rund um die Uhr geöffneten Märkten, die Globalisierung von Vermögenswerten, niedrigere Transaktionskosten und kürzere Abwicklungszeiten. Frühere Nachrichten: Die Depository Trust & Clearing Corporation (DTCC) hat von der US-Börsenaufsichtsbehörde SEC die Genehmigung erhalten, mit der Bereitstellung tokenisierter Finanzinstrumente zu beginnen. Geplant ist die Einführung der ersten tokenisierten Vermögenswerte, einschließlich US-Staatsanleihen und Aktienindizes, in der zweiten Hälfte des Jahres 2026.

ChainCatcher Nachricht: Laut Überwachung durch On-Chain-Analysten Murphy (@Murphychen888) hat die Konzentration der Chips im Bereich von 5% um den BTC-Spotpreis bereits 13,3% erreicht und damit die Warnschwelle überschritten. Daten zeigen, dass, wenn dieser Indikator 13% überschreitet, der Bitcoin-Preis größeren Schwankungen unterliegen kann, insbesondere wenn der Indikator über 15% steigt und in den Hochrisikobereich eintritt.

PANews berichtete am 23. Dezember, dass laut einer Ankündigung von Binance die Plattform am 30. Dezember 2025 um 14:00 Uhr (UTC+8) 10 FDUSD-denominierte Cross- und Isolated-Margin-Handelspaare auslistet, darunter EIGEN/FDUSD, ARB/FDUSD und TRUMP/FDUSD. Die Kredit- und Leihfunktionen für diese Isolated-Margin-Handelspaare werden ab dem 24. Dezember ausgesetzt. Die Plattform rät Nutzern offiziell, ihre Positionen zu schließen und Vermögenswerte vor der Auslistung auf ihre Spot-Konten zu übertragen, um mögliche Verluste zu vermeiden.

PANews berichtete am 23. Dezember, dass laut einer Ankündigung von Binance die Plattform am 30. Dezember 2025 um 14:00 Uhr (UTC+8) 10 FDUSD-denominierte Cross- und Isolierte-Margin-Handelspaare aus dem Listing nehmen wird, darunter EIGEN/FDUSD, ARB/FDUSD und TRUMP/FDUSD. Die Kreditaufnahme- und Verleihfunktionen für diese isolierten Margin-Handelspaare werden ab dem 24. Dezember eingestellt. Die Plattform rät Nutzern offiziell, ihre Positionen zu schließen und Vermögenswerte vor dem Delisting auf ihre Spot-Konten zu transferieren, um mögliche Verluste zu vermeiden.