Morning Briefing | BlackRock BUIDL Fund Cumulative Dividends Surpass $100 Million, ETH Staking Demand Hits 6-Month High

Source: TokenPost Original Title: [Morning News Briefing] BlackRock BUIDL Fund Surpasses $100 Million in Cumulative Dividends and More Original Link:

BlackRock BUIDL Fund Cumulative Dividends Surpass $100 Million

BlackRock’s tokenized US Treasury bond fund BUIDL has distributed over $100 million in cumulative dividends. This is the first case among tokenized treasury products and has attracted significant attention in the tokenized asset market.

Cango Raises $10.5 Million

Bitcoin mining company Cango, listed on the New York Stock Exchange, plans to raise $10.5 million from major shareholder Enduring Wells Capital. The round will be conducted through the subscription of 7 million Class B common shares. As of December 25, Cango holds 7,419 BTC.

Leading Institution Adds $39.31 Million ETH

The research department of a leading capital firm added 13,462 ETH (worth $39.31 million) from an exchange. The address has withdrawn a total of 46,036 ETH in the past 24 hours and currently holds approximately 626,071 ETH (worth $1.83 billion), with an estimated unrealized loss of about $110 million.

ETH Staking Demand Surpasses Unstaking Demand for the First Time

Ethereum staking waitlist has exceeded the unstaking waitlist for the first time in six months. Currently, the staking waitlist is about 745,619 ETH, while the unstaking waitlist is about 360,528 ETH. Historically, such phenomena often precede price increases, leading to increased attention on ETH’s bullish potential.

Growth Continues in Crypto Derivatives Market

Decentralized perpetual futures exchanges have seen trading volumes surpass $1.2 trillion, becoming mainstream financial products. A research director at a compliant platform noted that perpetual futures are evolving into a key component within DeFi, integrating with other protocols to enable diversified strategies. Future expansion into the stock market is expected, making it a tool for retail traders.

Sky Protocol Completes $29.3 Million SKY Buyback

Sky Protocol, renamed from MKR, completed a buyback of 29.3 million SKY tokens within 7 days, totaling $1.9 million USDS. Since the planned launch in February 2025, Sky has invested over $96 million in SKY buybacks.

Institutional Outlook: Crypto Market to Stabilize by 2026

A financial services firm predicts that although Bitcoin may enter a downtrend, the cryptocurrency industry will enter a regime driven by institutional stability. The firm believes the market is in the early stages of a four-year halving cycle decline but expects no large-scale liquidations or structural failures. Institutional investors continue to enter, with growth in asset tokenization and decentralized exchanges. Improved US regulatory environment also supports market health. By 2026, crypto asset prices may not have risen significantly, but infrastructure will be more mature, and institutional adoption will further solidify.

Recent Bitcoin Volatility May Be Due to Tax Optimization Trades

An ETF analyst suggests that recent Bitcoin price fluctuations are part of unconventional trading patterns unrelated to actual investor sentiment. These trades aim for short-term tax optimization, with volatility resembling a heartbeat. Such transactions are typically conducted by fund managers during asset rebalancing to avoid capital gains taxes.

Industry Outlook: Bitcoin Performance Expected to Improve by 2026

A CEO of a digital asset firm believes Bitcoin’s performance this year was poor but expects positive results by 2026. He stated that Bitcoin underperformed relative to expectations, despite its narrative as digital gold, but has not yet triggered a rally. He personally believes Bitcoin has upward momentum but has not yet started. Negative public opinion on cryptocurrencies actually makes him optimistic. 2026 is expected to be a great year for crypto, but a break above $100,000 is needed to generate upward momentum.

Comment: Limited Performance of a Strategy Company’s BTC Investment

A gold advocate commented that a certain strategy company’s average purchase price for BTC was $75,000, with an unrealized gain of about 16%. The company has been buying BTC consistently over the past five years, with an annual return of only around 3%. Investing in other assets at that time might have yielded better results.

Silver Prices Drop Significantly

Spot silver prices fell over 10%, breaking below $71 per ounce. After reaching a record high of $83.75 on the morning of the 29th, silver prices declined sharply, currently down 10.53% from the previous close, at $70.96.