The majority of Bitcoin treasury companies—73%—carry debt, with 39% having liabilities exceeding the total value of their Bitcoin holdings.
According to a report by Jinse Finance, the latest dataset released by CoinTab shows that most publicly tracked Bitcoin-holding companies are not simply sitting on large amounts of (digital) gold; they also carry considerable debt while holding Bitcoin. In many cases, the total amount of these liabilities even exceeds the value of the Bitcoin itself. Among companies holding Bitcoin on their balance sheets, 73% are in debt, and 39% have liabilities that sur

US SEC Updates Cryptocurrency and Privacy Roundtable Agenda, Zcash Founder Zooko Wilcox to Deliver Keynote
According to Jinse Finance, the US Securities and Exchange Commission ((SEC)) will hold a roundtable on December 15 focused on cryptocurrency, financial surveillance, and privacy. The event will be opened by SEC senior officials, including Crypto Task Force Director Richard B. Gabbert, Chairman Paul S. Atkins, and several commissioners.
Conference highlights include:
- Keynote speech by Zcash founder Zooko Wilcox
- Speech by Aleo Network Foundation CEO Koh
- Panel discussion moderated by

Court Orders OpenAI to Submit 20 Million ChatGPT User Logs to The New York Times
According to Jinse Finance, citing Decrypt, U.S. Federal Judge Ona T. Wang has rejected OpenAI’s request to limit evidence disclosure and ordered the company to provide The New York Times with approximately 20 million de-identified ChatGPT user conversation records. The court found that this data is crucial to determining whether ChatGPT has reproduced content protected by The New York Times’ copyrights and is “proportional to the needs of the case.” While OpenAI expressed concerns about user privacy, the judge no

Today, the Fear & Greed Index dropped to 26, still at the "Fear" level
According to Jinse Finance, the Fear & Greed Index dropped to 26 today (down from 28 yesterday), remaining at the "Fear" level. Note: The Fear & Greed Index ranges from 0-100 and includes the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Activity (15%) + Market Surveys (15%) + Bitcoin's Market Share (10%) + Google Trends Analysis (10%).

Since November 21, an address with a 100% win rate in 7 trades cut losses on a short position, losing $448,000.
According to Jinse Finance, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a certain whale's streak of 7 consecutive winning trades since November 21 was interrupted by the latest market rebound. The trader had just closed a short position of 205 BTC yesterday, making a profit of $1,046,000. However, at 3 a.m. that day, the trader opened another short position of 500 BTC when Bitcoin saw a slight decline. Unexpectedly, the market rebounded one hour after opening the position,

The chairman of the SEC will give a speech at the New York Stock Exchange tonight at 10:15, outlining the future vision of the American Capital Market.
According to a report by Golden Finance, the Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins will ring the opening bell at the New York Stock Exchange at 10:15 PM Beijing time on December 2 (9:15 AM Eastern Time) and will give an important speech titled "Revitalizing the American Capital Market on the 250th Anniversary" at 11 PM. In his speech, he will elaborate on his overall vision for strengthening the American Capi

Musk predicts: Future energy will be hard currency, and Bitcoin is formed based on energy.
Golden Finance reported that Musk recently stated in a podcast that in the future, human material needs will be greatly met, thus currency will no longer be a necessity for humanity, and the concept of currency may even disappear. At that time, energy will become the real currency, and "that is why I say Bitcoin is based on energy; you cannot control energy through legislation. You cannot suddenly have a large amount of energy just by a law."

The head of Nasdaq's encryption business has promised to "accelerate" the process of stock tokenization.
According to a report from Jinse Finance, the head of Nasdaq's cryptocurrency business revealed that the Nasdaq stock exchange is prioritizing obtaining approval from the U.S. Securities and Exchange Commission (SEC) for its proposal to "provide tokenized versions of listed stocks." In an interview on Thursday, when asked if the SEC might approve the proposal this year, Nasdaq's head of digital asset strategy, Matt Savarese, stated, "We will move forward on this matter as quickl

CME "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in December is 86.4%.
According to a report by Jinse Finance and the CME "Fed Watch": the probability of the Fed lowering interest rates by 25 basis points in December is 86.4%, while the probability of keeping rates unchanged is 13.6%. The probability of the Fed cumulatively lowering rates by 25 basis points by January next year is 67.1%, with a 10% probability of keeping rates unchanged, and a 23% probability of cumulatively lowering rates by 50 basis points.

A Whale who bought ETH in 2017 deposited 18,000 ETH into Bitstamp, currently realizing a profit of about 270 million USD.
According to Jinse Finance, monitoring by Lookonchain shows that an Ethereum OG deposited 18,000 ETH (worth $54.78 million) into Bitstamp 8 hours ago. Since 2017, this OG has accumulated 154,076 ETH at an average price of $517 (worth $79.7 million), and subsequently sold 87,824 ETH at an average price of $1,694 (worth $148.8 million). Currently, they still hold 66,252 ETH (worth $201 million), with total profits of approximately $270 million.

Musk: GrokImagine has supported text-to-video functionality.
Golden Finance reports that Musk tweeted that GrokImagine has supported the text-to-video feature. The upgraded audio and 10-second video generation features are expected to be released this weekend.

South Korean listed company Bitplanet increased its holdings by 17 Bitcoins, now holding a total of 245.5 BTC.
Golden Finance reports that, according to market news: South Korean listed company Bitplanet (stock code: 049470.KQ) has increased its holdings by 17 Bitcoins, currently holding a total of 245.5 BTC. 🔸Bitcoin top 100 holding ranking: 83rd place 🪜🔸

Bitwise Consultant: The four-year cycle of Bitcoin has ended, and a new "two-year cycle" will begin.
According to a report from Jinse Finance, market news indicates that Bitwise advisor Jeff Park believes that the previous four-year halving cycle of Bitcoin has ended and is now replaced by a two-year cycle driven by the economic behavior of institutional fund managers and ETF capital flows.

Trump said he will visit China in April next year.
Golden Finance reported that Trump posted on social media that he will visit China in April next year. "The situation will only get better, and our relationship with China is very strong!" he wrote. This call is a further communication following the "very successful" meeting held between both sides in South Korea. Since that meeting, both China and the U.S. have made "significant progress" in ensuring the relevance and accuracy of the bilateral agreements.

A whale spent 14.26 million USD to buy 5,042 ETH.
According to a report by Golden Finance, monitoring by Onchain Lens shows that a certain Whale is shifting from perpetual contracts to spot trading and buying ETH. This Whale has spent 14.26 million dollars to purchase 5,042 ETH. Previously, this Whale had lost over 8 million dollars on perpetual contracts and currently still holds 7 million dollars.

Musk: The AI5 chip is about to complete tape-out, and development of the AI6 chip has already begun
According to Jinse Finance, Musk stated: The AI5 chip is about to complete tape-out, and development work on the AI6 chip has already started. Our goal is to put a new AI chip design into mass production every 12 months. We expect the total number of chips we ultimately produce will exceed the combined total of all other AI chips.

A newly created address opened a 20x long position with 104 BTC at an entry price of $84,400.4
According to Jinse Finance, OnchainLens monitoring shows that a newly created wallet address deposited 1.7 million USDC into HyperLiquid and opened a 20x leveraged BTC long position at an entry price of $84,400.4, with a position size of 104.36 BTC. The unrealized profit has reached $43,000. On-chain data shows that another wallet address belonging to this whale has already made $705,000 in profit.

Republican lawmakers have a reserved attitude towards Trump's "tariff dividend" plan.
According to Jinse Finance, despite Trump repeatedly mentioning the idea of distributing $2,000 to low- and middle-income families and claiming that the funds would come from the tariffs he imposes, his colleagues in the party are generally lukewarm to the plan, questioning whether it can receive congressional approval to fulfill the promise. Several Republican lawmakers have stated that they prefer to use tariff revenues to reduce the budget deficit rather than directly distributing cash. Currently, U.S.

U.S. Senators Urge IRS to Revisit Crypto Assets Stake Rewards Tax Policy
According to Jincai Finance, Indiana Republican Senator Todd Young sent a letter to Treasury Secretary Scott Betsey urging the IRS( to reconsider and review its guidance on the tax treatment of Crypto Assets stake rewards for 2023. As a member of the Senate Finance Committee, Senator Young questioned the reasonableness of the current regulation that requires Crypto Assets holders to pay taxes upon "receiving" stake rewards rather than when they "sell" them. Staking refers to the process by which Crypto Assets holders lock

Goldman Sachs: The Fed may cut interest rates twice in 2026
According to a report by Golden Finance, Goldman Sachs Asset Management has released its 2026 investment outlook report. It mentions that the central bank policies in major markets may diverge. Given the weak labor market, Goldman Sachs Asset Management expects the Fed to potentially cut interest rates twice in 2026. The European Central Bank is likely to maintain interest rates unchanged in the foreseeable future, while the Bank of England may resume rate cuts in December amid improving inflation, a relatively weak labor market, and