A few pieces of news this morning are worth paying attention to:

Traditional financial institutions' expectations for currency prices have begun to cool. An international bank lowered its BTC target price for next year to $100,000 from its previous higher expectations, and it seems that institutions are also reassessing the market rhythm.

There is a new way to play in the stablecoin track - Circle and the privacy public chain Aleo have a joint USDCX to stuff anonymity directly into stablecoins. This combination is very interesting, whether privacy + compliance can be both depends on the landing effect.

In addition, data disclosed by a platform shows that more than half of institutional customers are now eyeing the prediction market. It seems that traditional capital's interest in on-chain prediction is not just talk.

In terms of regulation, a Central Asian country directly characterized electricity theft mining as a criminal offense. Miners have to weigh the cost of compliance, and the era of barbaric growth is really over.