Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 89,667.0 | +1.88% |
| Ethereum (ETH) | 3,016.16 | +2.28% |
| Bitcoin Spot ETF | -83.30M | Net Outflow |
| Ethereum Spot ETF | -16.60M | Net Outflow |
| Nasdaq (NAS100) | 25,593.8 | -0.17% |
| S&P 500 (SPX) | 6,929.95 | -0.03% |
| Russell 2000 (RUT) | 2,534.7 | -0.06% |
| U.S. Dollar Index (DXY) | 97.641 | -0.03% |
| VIX Volatility Index | 13.60 | +0.97% |
| U.S. 10-Year Yield | 4.13139 | -0.06% |
| Brent Crude Oil (BRENT) | 61.351 | +0.15% |
| LBMA Gold (XAU) | 4,476.62 | -1.22% |
| LBMA Silver (XAG) | 75.96 | -3.86% |
“Prepared at UTC 07.42 am”
Today’s Key Events
- No Events on Trump’s Calendar
- US Home Sales to Be Monitored
- Hyperliquid Token Unlock
Highlights from the Trump–Zelenskyy Meeting in Florida
US President Donald Trump said after the meeting in Florida that a peace agreement with Ukraine was “closer,” but emphasized that there were still difficult issues to resolve. Trump avoided giving a concrete timeline, pointing to the complexity of the process. It is noted that Russian President Vladimir Putin’s approval is required for a possible agreement to take effect; Trump announced that he had spoken with Putin by phone and that a new meeting was planned. Zelensky said US and Ukrainian delegations could meet again next week to clarify the remaining points. The talks took place immediately after Russia launched one of its longest and most intense attacks on Kyiv this year; at least two people were killed, dozens were injured, and many areas experienced heating problems in the freezing cold.
UK Orders China-Linked Firm to Sell FTDI Stake
The UK government has ordered China-linked Jianguang Asset Management to divest its 80.2% stake in British chipmaker FTDI by the end of December on national security grounds. The decision was upheld by the High Court, which rejected the company’s appeal. FTDI holds a global market share of approximately 20% in USB bridge solutions, which are widely used in automotive, industrial control, medical devices, and consumer electronics. The company’s strength in analog and mixed-signal technologies fills a strategic gap for China’s semiconductor sector. Jianguang’s acquisition, completed in 2021, was deemed a “triggering event” under the National Security and Investment Act.
Symbolic Sanctions from China Against US Defense Companies
China’s Foreign Ministry announced that it had taken measures against US defense industry companies and senior executives in response to US arms sales to Taiwan. Under this framework, the assets of 20 entities, including Northrop Grumman, L3Harris, Boeing’s St. Louis unit, and Red Cat Holdings, have been frozen in China. According to Bloomberg, the fact that most of the targeted companies have limited presence in China reduces the impact of the sanctions. The fact that some companies are already on China’s “unreliable entities” list has reinforced the view that the decision is largely symbolic.
Japan Continues Expansionary Fiscal Policy with Record Budget
The Japanese government is preparing a record budget of 122 trillion yen for the new fiscal year, an increase of 6.3%. This increase, which exceeds inflation, was driven by social security expenditures related to the aging population and rising defense spending. To finance the plan, the government is expected to issue approximately 29.6 trillion yen in new government bonds. Despite this, the debt dependency ratio is projected to decline to 24.2%. Tokyo aims to maintain economic stability with strong fiscal support.
Bank of Japan: Interest Rate Hikes Should Be Gradual
The Bank of Japan emphasized in its meeting summary that interest rate hikes should be gradual and spread out over months. One member stated that it would be appropriate to proceed with interest rate hikes every few months. It was stated that even if the policy rate rises to 0.75%, real interest rates will remain negative. This indicates that monetary policy remains accommodative. The BoJ aims to normalize without jeopardizing economic stability.
6 Major Crypto IPOs Expected in 2026
According to Dlnews, the crypto sector raised $3.4 billion through IPOs in 2025, and much larger public offerings are expected in 2026. Among the prominent candidates is US-based Kraken, which is targeting a $20 billion valuation. Consensys, the developer of MetaMask, is continuing its IPO preparations with JP Morgan and Goldman Sachs. Giants in different areas of the sector, such as Animoca Brands, Ledger, and BitGo, are also planning to go public. South Korea-based Bithumb is aiming to be listed on the local market.
Brazil Approves Cultural Project That Turns Bitcoin into Live Music
Brazil’s Ministry of Culture has officially approved an innovative cultural project called “Música do Bitcoin.” The project aims to convert Bitcoin price fluctuations into live music in real time. The algorithm used instantly translates market data into playing instructions for an orchestra. Musicians perform according to market movements instead of fixed notes. Thanks to this approval, the project will be able to benefit from state-supported cultural funds.
Stablecoins at the Center of 2026 Crypto Regulation in the UK
Financial institutions in the UK indicate that stablecoins will be at the center of crypto regulations in 2026. The legal status of stablecoins and their integration with payment systems will be a priority. Clarification of the regulatory framework could encourage financial institutions to become more active in this area. The UK aims to become one of the global crypto finance centers. Stablecoins are seen as a key element of this strategy.
Polkadot’s Annual Issuance to Decrease for the First Time in March 2026
Polkadot’s annual token issuance will decrease for the first time as of March 14, 2026. With this change, the annual inflation rate will fall to approximately 3.11%. The new economic model includes a total supply limit of 2.1 billion DOT and a biennial decreasing issuance structure. Polkadot will thus transition to a more predictable and transparent monetary policy in the long term. This step is expected to reduce supply pressure.
dYdX Community Approves Extension of Surge Reward Program
The dYdX community approved the extension of the Surge Reward Program with a 76.68% vote. The program aims to encourage sustainable and organic trading volume on the platform. The new period will run for 6 months starting January 1, 2026. The simplified fee rebate model that was effective in previous seasons will be maintained. The program’s operations will be managed by CryptoLearningClub.
RWA Surpasses DEXs in TVL in DeFi
According to DefiLlama data, real-world assets (RWA) have surpassed DEXs in terms of total value locked (TVL), becoming the fifth largest category in DeFi. This development reflects institutional and individual interest in RWA projects. Notably, RWA was not even in the top 10 at the beginning of 2025. This rapid rise indicates that the integration of real assets on-chain is accelerating. The balance of power in the DeFi ecosystem continues to shift.
Flow Switches to Isolated Recovery Plan Instead of Rollback
The Flow network announced that it has abandoned its rollback plan following the attack. With the new “isolated recovery” approach, all legitimate user transactions will be protected. Partners will not need to replay transactions, and 99.9% of accounts will return to normal operation without being affected. Accounts that received illegally minted tokens during the restart will be temporarily restricted. The network aims for minimal disruption with this method.
Major Unlocking Expected for HYPE, SUI, and EIGEN Tokens
This week, one-time major unlockings will occur for HYPE, SUI, and EIGEN tokens. Over $200 million worth of tokens will be released into the market. The unlockings are expected to increase price volatility in the short term. Investors are closely monitoring the impact of the increased supply on the market. Pressure may arise, especially for tokens with low liquidity.
