BlockBeats News, December 23rd, according to Coinbob Hot Address Monitor, in the past 5 hours, the 'Ultimate Short' has closed some BTC short positions again, realizing a profit of approximately $1.17 million, with this closing size around $4.35 million. Since November, this address has executed similar profit-taking operations at local lows five consecutive times, and has not replenished short positions. Compared to its peak position of $136 million at the end of October, its BTC short position size has now cumulatively decreased by about $93 million, with approximately $57 million closed this month, showing an accelerated profit-taking trend.Currently, this whale still holds BTC short positions of about $43.63 million, with floating profits reaching $12.20 million (558%), an average price of $111,500, and a liquidation price of $102,300. Additionally, it placed take-profit orders yesterday in the range of $67,200 to $76,200. Since establishing this round of BTC short positions on May 9th, this address has repeatedly conducted swing trading of selling high and buying low, with recent strategy clearly shifting to continuous reduction and locking in profits. Currently, funding rate settlements have yielded profits of about $9.61 million.

BlockBeats News, December 23, according to Coinglass data, after BTC briefly broke above $90,000 last night but ultimately fell back to around $87,000, funding rates on mainstream CEXs and DEXs indicate the market has shifted back to a bearish bias. Currently, only BTC and ETH perpetual contract pairs on Binance and Bitget maintain neutral rates, while rates on platforms like OKX and Bybit have dropped into bearish territory. Altcoins such as Ethereum continue to exhibit large negative funding rates, with specific major coin funding rates as shown in the attached chart.BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders; trading platforms do not charge this fee, using it to adjust the cost or profit of traders holding contracts to keep contract prices close to the underlying asset prices.When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

PANews reported on December 23 that Gate Charity held a Christmas charity event in Cotonou, Benin on December 20, distributing holiday toys to underprivileged children and organizing interactive activities. The event, co-organized by Gate Charity and JCI Abomey Calavi Sica, attracted approximately 200 children and their families. During the event, children, accompanied by their families, not only received Christmas toys suitable for different age groups but also participated in interactive activities such as fun games, creative crafts, and story sharing. The festive meal and Christmas-themed activities together created a warm and inclusive atmosphere, allowing participating families to truly feel the joy and love of Christmas. This charitable initiative not only reflects Gate Charity's consistent commitment to child welfare and community support, but also further solidifies its local partnerships and public trust. Gate Charity stated that it will continue to advance its global charitable projects in a pragmatic and sustainable manner to provide support to more vulnerable groups.

BlockBeats news, December 23, Chinese crypto analyst Banmu Xia posted at noon stating, "Bitcoin has reached a point where it is no longer a good opportunity to be bullish. The mid-term liquidity logic has also been weakened by the recent sustained ETF selling.This is not the best opportunity to be bullish, but it doesn't mean it won't rise later; it's just that the risk is increasing. During the adjustment phase, unless there is a highly probable opportunity, there's no need to participate; just continue to watch the market undergo complex consolidation.​​​"

BlockBeats news, December 23, Ghana announced on Monday that parliament has passed the Virtual Asset Service Provider Act. According to the act, individuals or institutions engaged in digital asset-related businesses must register with and be regulated by the Bank of Ghana or the Securities and Exchange Commission, depending on the nature of their operations.Bank of Ghana Governor Johnson Asiama stated that the act lays the foundation for licensing and regulation in the virtual asset industry, ensuring that emerging activities are incorporated into a clear, accountable, and well-governed framework. He previously noted in a speech that the passage of the act means individuals will no longer be arrested for trading cryptocurrencies, with the new framework aiming to effectively manage associated risks.Data shows that Ghana processed approximately $30 billion in cryptocurrency transactions between July 2023 and June 2024, with about 17% of the country's adults believed to have used crypto assets.Ghana plans to focus on promoting the application of crypto technology in areas such as payments, trade finance, foreign exchange settlement, and market infrastructure by 2026 to support cross-border commercial activities, including "targeted exploration" of asset-backed digital settlement tools like gold-backed stablecoins.

BlockBeats news, December 23, according to Coinglass data, over the past 24 hours, CEXs saw a cumulative net outflow of 15,200 Ethereum, with the top three CEXs by outflow as follows:· Binance, outflow of 26,300 ETH;· Bybit, outflow of 2,616.43 ETH;· Gate, outflow of 1,334.72 ETH.Additionally, Kraken had an inflow of 13,300 ETH, ranking first on the inflow list.

{"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 switch\" of global liquidity—has become the most anticipated year-end cliffhanger.\r\nMonths ago, when the benchmark rate ended its prolonged pause and saw its first cut, the market was once convinced that Christopher Waller was the chosen one (Recommended reading\"Academic Outsider Rises: Small-Town Professor Waller Becomes Hottest Candidate for Fed Chair\"). In October, the winds shifted, and Kevin Hassett surged ahead, with odds once nearing 85%. He was seen as \"the White House's mouthpiece\"; if he took office, policy might fully follow Trump's will, even jokingly called a \"human money printer.\"\r\nHowever, today, we will not discuss the \"frontrunner\" with higher odds but focus on the \"second in line\" with the greatest uncertainty—Kevin Warsh.\r\nIf Hassett represents the market's \"greedy expectations\" (lower rates, more liquidity), then Warsh embodies 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\"? If he were to helm the Fed, what seismic shifts would occur in the underlying logic of the crypto market? (Odaily note: The core views of this article are based on inferences from 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 entirely different from Bernanke or Yellen: to academics, a crisis is just a data anomaly in a model; but to Warsh, a crisis is the second a counterparty defaults, the life-or-death moment when liquidity instantly vanishes from \"present\" to \"absent.\"\r\nIn 2006, when the 35-year-old Warsh was appointed as a Federal Reserve governor, many questioned his lack of seniority. But history has a sense of humor—it was precisely this \"Wall Street insider\" practical experience that made him an indispensable player in the subsequent financial storm. In the darkest hours 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\nExcerpt from Warsh's 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, he had to translate the Fed's obscure rescue intentions to a panicked market. He personally witnessed the negotiations during that frantic weekend before Lehman's collapse, and this close-quarters combat gave him a physiological sensitivity to \"liquidity.\" He saw through the essence of quantitative easing (QE): central banks must indeed act as \"lenders of last resort\" during crises, but this is essentially a transaction that mortgages future credit to buy survival time in the present. He even pointedly noted that the prolonged post-crisis monetary easing was actually \"reverse Robin Hood,\" artificially inflating asset prices to rob the poor and feed the rich, which not only distorts market signals but also plants the seeds for a bigger crisis.\r\nIt was this keen sense of systemic fragility that became his core bargaining chip when Trump was selecting candidates for the next Fed chair. On Trump's list, Warsh and another hot contender, 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, with a simple, direct logic: as long as the economy is growing, low rates are justified. The market widely believes that if Hassett takes office, he would likely cater to Trump's desire for low rates, even cutting rates before inflation is fully under control. This also explains why long-term bond yields surged whenever Hassett's odds rose—because the market fears runaway inflation.\r\nIn contrast, Warsh's logic is far more complex; it's hard to simply label him as a \"hawk\" or a \"dove.\" While he also advocates for rate cuts, his reasoning is entirely different. Warsh believes that current inflationary pressures stem not from excessive buying but from supply constraints and the massive monetary overhang of the past decade. The Fed's bloated balance sheet is actually \"crowding out\" private credit and distorting capital allocation.\r\nThus, Warsh's prescription is an experimental combination: aggressive quantitative tightening (QT) coupled with moderate rate cuts. His intent is clear: to control inflation expectations by reducing the money supply, restoring the credibility of the dollar's purchasing power—essentially draining some liquidity—while lowering nominal rates to ease corporate financing costs. This is a hardcore attempt to restart the economy without flooding it with liquidity.\r\nButterfly Effect on the Crypto Market: Liquidity, Regulation, and Hawkish Underpinnings\r\nIf Powell is like a \"gentle stepfather\" in the crypto market, careful not to wake the children, then Warsh is more like a \"strict boarding school headmaster\" wielding a ruler. 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 QT\" is both a short-term nightmare and a long-term litmus test for Bitcoin.\r\nWarsh has explicitly stated: \"If you want to lower rates, you must first stop the money printer.\" For risk assets accustomed to the \"Fed put,\" this means the loss of a 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 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 long-term, then holding fiat and Treasuries will become profitable. This is starkly different from the negative-rate era of 2020, where \"everything rose except cash was trash,\" and Bitcoin's appeal as a \"zero-yield asset\" may face severe challenges.\r\nBut there are two sides to every coin. Warsh is someone who deeply believes in \"market discipline\" and would never rush to rescue the market like Powell did when stocks fell 10%. This \"no-bottom\" market environment might instead give Bitcoin a chance to prove its worth: when the traditional financial system cracks under deleveraging (like during 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, and it is not money. It is software.\"\r\n\r\nExcerpt from Kevin Warsh's column \""}

PANews reported on December 23 that, according to The Block, the Ghanaian Parliament passed the Virtual Asset Service Providers Act , officially legalizing cryptocurrency trading. Related practitioners must register with the central bank or securities regulator. The Central Bank of Ghana stated that in 2026 it will explore asset-backed digital settlement tools, including gold-backed stablecoins, to promote cross-border payments and market infrastructure development.

PANews reported on December 23 that, according to Onchain Lens , a whale / institution staked 1,173,615 SOL tokens through Helius , worth approximately $174.36 million.

BlockBeats News, December 23 – According to Coinglass data, if Ethereum falls below $2,900, the cumulative long liquidation intensity on major CEXs will reach $630 million.Conversely, if Ethereum breaks above $3,100, the cumulative short liquidation intensity on major CEXs will reach $918 million.BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, a stronger reaction will occur due to liquidity waves.