Sophon, a modular blockchain based on ZKsync, said it has completed the mining migration and started the second phase (PHASE 2), and the mainnet mining is now open.

According to on-chain analyst Ember, a whale who received 200,000 ETH from the Ethereum Genesis Block in 2015 transferred 3,370 ETH (11.37 million USD) to Kraken 9 hours ago. He transferred 48,687 ETH (171.78 million USD) to Kraken this year, with an average transfer price of 3,528 USD. After 8 years of continuous sales, there are still 7,594 ETH (25.72 million USD) left.

CryptoSlam data shows that the NFT market has seen a sharp correction in the past week, with total trading volume plummeting 49.77% to $152.7 million. Despite the sharp drop in trading volume, market participation indicators show continued interest from new and old traders. The number of NFT buyers increased by 50.97% to 531,208, and the number of NFT sellers increased by 47.14% to 308,666.

According to El Salvador’s National Bitcoin Office portfolio tracker, the country’s bitcoin holdings have grown to 6,000.77 BTC, currently worth $569.3 million, as of December 29. The latest purchases have brought El Salvador’s bitcoin investment returns to 108.02%, with an average purchase price of $45,450.

PANews reported on December 28 that according to Jinshi, the Italian Parliament finally approved the 2025 budget a few days before the end of the year deadline, which was an important victory for Prime Minister Meroni. Meroni and his Finance Minister Giorgetti jointly developed a tax cut plan aimed at winning voter support while complying with EU fiscal rules.

PANews reported on December 28 that the decline of US stocks on Friday frustrated investors' expectations for the so-called "Santa Claus rebound". With the New Year's Day holiday approaching, global financial markets may also tend to remain calm in the coming week. The US ISM Manufacturing Purchasing Managers' Index (PMI) may be the only focus of economic data next week, but any policy-related headlines about Trump may also stimulate market volatility. The following are the key points that the market will focus on in the new week: Monday 23:30, US December Dallas Fed Business Activity Index Thursday 9:45, China December Caixin Manufacturing PMI Thursday 21:30, US initial jobless claims for the week ending December 28 Thursday 22:45, US December S&P Global Manufacturing PMI final value Friday 23:00, US December ISM Manufacturing PMI If the economic data slaps the Fed in the face, the US dollar's gains may fade. The number of initial jobless claims next week may also become a major driver of the US dollar's trend. Any data that shows that the Fed is too cautious about inflation and too optimistic about the labor market may cause the recent rise of the US dollar to collapse.

PANews reported on December 28 that Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform: “Throughout history, whenever the United States feels that its dominant position in the global economy is threatened, the price of gold will soar and the debate around the gold standard will gain attention. In the late 1990s, Peter Schiff advocated that gold is the true form of currency, just as Bitcoin extremists today advocate Bitcoin.

PANews reported on December 28 that according to Wall Street, Asian stock markets have experienced mixed performances this year amid a strong dollar. Some have achieved a bull market in stocks denominated in their own currencies at the expense of exchange rate depreciation, while others have sacrificed some of their stock market gains at the expense of relatively stable exchange rates. South Korea is the only exception. In terms of won, the South Korean Composite Index KSOPI has fallen 10.0% this year. After taking into account the fall in the won, the KSOPI in terms of dollars has fallen 18.9%, both of which are the weakest in Asia.

PANews reported on December 28 that according to Reuters, the Federal Reserve implemented its third interest rate cut this year this month and hinted at fewer rate cuts in 2025 due to the uncertain inflation outlook, which disappointed investors who expected the rate cut to boost corporate profits and valuations, causing the stock market to plummet. However, this may not hinder the rise of alternative assets such as cryptocurrencies.

The Blockchain Association, a US cryptocurrency lobbying group, tweeted that it had filed a lawsuit against the new "broker" regulations passed by the IRS and the Treasury Department. The IRS and Treasury Department have exceeded their statutory authority and expanded the definition of "broker" to include providers of DeFi trading front ends, even though they do not execute transactions. This not only violates the privacy rights of individuals using decentralized technology, but also pushes the entire booming technology overseas.

According to Lookonchain monitoring, two weeks ago, a whale spent 10 million USDC to buy 13.16 million ai16z, which is now worth $15.66 million, with unrealized profits of $5.66 million.

According to the monitoring of on-chain analyst @ai_9684xtpa, "smart money that has made a profit of $4.92 million through PEPE bands in the past six months" has increased its position of $2.79 million in PEPE in the early morning. The position of this round of bands has increased to 817.9 billion PEPE. In the past week, he has withdrawn a total of $14.25 million worth of PEPE from Kraken, with an average price of $0.00001742. It is currently the top asset held by this address, with a floating profit of $695,000.

Yesterday, Grayscale Ethereum Trust ETF ETHE had a daily net outflow of $0.00, and the current historical net outflow of ETHE is $3.617 billion. Grayscale Ethereum Mini Trust ETF ETH had a daily net outflow of $0.00, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $605 million. The Ethereum spot ETF with the largest daily net inflow yesterday was Fidelity ETF FETH, with a daily net inflow of $27.543 million, and the current historical total net inflow of FETH is $1.565 billion.

Yesterday, Grayscale ETF GBTC had a single-day net inflow of $3.7464 million, and the current historical net outflow of GBTC is $21.352 billion. Grayscale Bitcoin Mini Trust ETF BTC had a single-day net outflow of $0.00, and the current historical total net inflow of Grayscale Bitcoin Mini Trust BTC is $861 million. Fidelity Bitcoin ETF FBTC has the largest single-day net outflow since its launch of $208 million, and the current historical total net inflow of FBTC is $11.84 billion. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of $79.4378 million, and the current historical total net inflow of IBIT is $37.308 billion.