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Ethereum Dips Below $2900, 24-hour Loss Extends to 5.4%

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On December 23rd, per HTX market data, Ethereum has fallen below $2,900, with its 24-hour decline widening to 5.4%.
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Wang Feng: Humanity is Seeking a Scarce Universal Consensus, Bitcoin's Price Breakthrough Is Inevitable

December 24 Wang Feng, founder of Linekong Interactive, weighed in on gold’s record high and Bitcoin’s future market trend on December 24, stating: “Gold has topped $4,400 per ounce—no need to lament missing the rally. The core reason humans are gravitating back to gold is to seek a scarce, universally accepted consensus. Compared to great-power cold wars and regional conflicts, the AI (including robotics) tech wave is pushing all sovereign currencies to the margins. No matter the monetary policy, amid the next wave of explosive productivity growth, all currencies—including the U.S. dollar—will inevitably face sharp devaluation. Bitcoin’s breakout to an unimaginable price is inevitable. Don’t rush—let the bullets fly for a bit.”

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Solana-based Treasury company Upexi files $1 billion shelf registration with the SEC

On December 24, Upexi—the U.S.-listed Solana (SOL) crypto treasury firm tied to DAT—filed a $1 billion shelf registration statement with the U.S. Securities and Exchange Commission (SEC) to raise capital via various securities offerings. The company currently holds roughly 2 million SOL tokens, ranking it as the fourth-largest listed company holder of SOL assets. Potential proceeds may be allocated to working capital, research and development (R&D), and debt repayment. Notably, Upexi’s stock has plummeted from a May peak of $22.57 to $1.825, with an additional 8.3% intraday drop today. Its market capitalization stands at $115 million.

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Atlanta Fed Releases US Q4 GDP Advance Estimate, Predicts 3% Growth

On December 24th, the Atlanta Fed released its initial forecast for U.S. fourth-quarter GDP, projecting a 3% growth rate.

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BitMine Once Again Increases its ETH Holdings by 6678 Coins, Worth $19.63 Million

On December 24th, per Onchain Lens data, an address affiliated with BitMine has again acquired 6,678 ETH via BitGo, valued at $19.63 million.

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U.S. Stocks Extend Rally, S&P 500 Nears All-Time Closing High

On December 24, market data shows U.S. stocks extended their upward momentum. The S&P 500 Index approached 6,900 points—just 10 points shy of its all-time closing high. Additionally, the Dow Jones Industrial Average (Dow) gained 0.18% intraday, while the Nasdaq Composite added 0.27%.

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Hassett: U.S. Economic Data Show AI Productivity Is Soaring

On December 24th, Brian Hassett, Chair of the U.S. National Economic Council, told CNBC in an interview that U.S. economic figures show AI-driven productivity is thriving. He noted that if GDP growth stays around 4%, monthly job gains would rebound to 100,000–150,000. The GDP data, he added, is a great Christmas gift to the American people.

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