Recent highlights in the cryptocurrency market include: The probability of the Federal Reserve maintaining interest rates in January reaching 95%, which directly impacts market stability expectations. At the same time, the Fed's independence faces challenges, with reports that Powell will testify in support of Cook, sparking new thoughts on monetary policy directions.

In the global Bitcoin mining landscape, Ethiopia's Prime Minister publicly stated that the government is seeking investment partners to mine Bitcoin, reflecting the growing interest of emerging markets in crypto assets. Meanwhile, the New York Stock Exchange is developing a tokenized trading and settlement platform for US stocks, marking a significant step towards traditional finance migrating onto the blockchain.

Another important development comes from Bermuda, which has partnered with a compliant platform and Circle to promote a "full on-chain" national economic pilot, becoming a leading case in exploring Web3 national-level applications.

However, there are also risk signals worth noting—analysts point out that artificial intelligence is encroaching on power grid resources, causing Bitcoin hash rate to drop to a four-month low, reflecting the impact of the AI boom on the crypto mining ecosystem.