December 13th, according to HTX market data, Bitcoin briefly dropped below $90,000, with a 24-hour decrease of 2.17%.

December 13th: Despite the Federal Reserve's interest rate cut as scheduled this week and the release of a more dovish signal than expected, the reality challenge faced by the artificial intelligence field has led to a complex and divergent trend in the US stock and bond markets. This week, long-term US Treasury yields rose across the board, with the 10-year Treasury yield rising by about 5 basis points during the "Fed Rate Cut Week." The macro outlook for next week is as follows:Monday 22:30: Federal Reserve Governor Milan speaks;Monday 23:30: FOMC Permanent Voter and New York Fed President Williams speaks on the economic outlook;Thursday 01:30: 2027 FOMC Voter and Atlanta Fed President Bostic speaks on the economic outlook;Thursday 21:30: US November Unadjusted CPI YoY/Core CPI YoY, US November Seasonally Adjusted CPI MoM/Core CPI MoM;Thursday 21:30: US Initial Jobless Claims for the week ending December 13th;Friday 23:00: US December University of Michigan Consumer Sentiment Index final, US December 1-year Inflation Rate Expectation final.Next week's release of US CPI data will be a key turning point for the US dollar. If the CPI data is lower than expected (the latest data is 3%, still above the Fed's 2% target), it will further confirm the rationale of the Fed's rate cuts, and the US dollar may face further downward pressure; otherwise, it may reverse this trend.

December 13th, according to The Wall Street Journal, on Friday, U.S. President Trump stated that Kevin Warsh has risen to the top of his next Federal Reserve Chair candidate list, but other candidates are still in the running. Previously seen as a candidate on Trump's list but not the frontrunner, Warsh, who himself served as a Fed governor, apparently gained further favor after meeting with Trump on Wednesday."Yes, I do. I think he is," according to interview content released Friday afternoon, when asked if Warsh is at the top, Trump told the media so. Referring to the frontrunner widely favored by the previously predicted market, National Economic Council Director Kevin Hassett, Trump said, "I think both Kevins are great." "I think there are several other excellent candidates," he added.Hassett had previously emerged as the frontrunner. In public, when asked about the possibility of taking over the position, he has always been cautious, only stating that he would accept if invited. Democratic Senator Elizabeth Warren of Massachusetts expressed on Thursday on the NBC financial channel her concern that Trump would appoint a "puppet" as Fed chair to carry out his wishes.In addition to emphasizing Warsh's potential appointment to the position, Trump once again reiterated his past view that the Fed Chair should consult with the President on interest rate decisions. This move would overturn the tradition of the Fed maintaining independence.

December 13th. Informed sources revealed that due to several key unresolved disputes, negotiations in the U.S. Senate regarding the cryptocurrency "Market Structure Bill" may be delayed until January next year. This bill is currently the most critical lobbying target in the crypto industry, but as the holidays approach, a multi-party game among Democrats, Republicans, the White House, and the crypto industry has yet to reach a consensus.The core issues still to be finalized include: government officials' involvement in the ethical standards of digital assets (especially involving former President Trump), whether stablecoins can be linked to yields, the U.S. Securities and Exchange Commission's (SEC) scope of authority in token regulation, and the regulatory boundaries of Decentralized Finance (DeFi). Despite the differences, the pace and intensity of the Senate negotiations remain high, and industry lobbyists are hopeful that the bill will enter formal committee consideration in the coming weeks.

December 13, in the past 24 hours, the cumulative net outflow of Ethereum from CEX was 69,300 ETH, with the top three outflow amounts from CEX as follows:· Coinbase Pro, outflow of 72,900 ETH;· Gate, outflow of 265.93 ETH;· Gemini, outflow of 25.75 ETH.In addition, Bybit saw an inflow of 2,031.03 ETH, ranking first in the inflow list.

December 13th, Tokenization platform Huma Finance, blockchain debt provider Obligate, and TradeFlow Capital announced at the Solana Breakpoint conference that the three parties have reached a partnership to collaborate on providing Solana-based stablecoin liquidity for global rare earth mineral trading.

December 13, according to Farside Investors, this week saw a net inflow of $209.1 million into the US-based Ethereum spot ETF.

December 13th, according to Reuters, the publicly traded Bitcoin treasury company Strategy will continue to stay in the Nasdaq 100 Index, retaining its position in the Nasdaq 100 Index, extending its one-year tenure as a constituent stock in the benchmark index. This move comes amid analyst questions about its business model.Some market observers believe that Strategy's pioneering business model, based on "buying and holding Bitcoin" and having spawned dozens of imitators, is closer to an investment fund rather than a traditionally operated company. At the same time, concerns about the sustainability of "crypto asset treasury companies" in the market continue to escalate. The stock prices of such companies have been proven to be highly sensitive to Bitcoin price fluctuations.Global index provider MSCI (MSCI.N) also expressed concerns about including digital asset treasury companies in its index system. MSCI is expected to decide in January next year whether to exclude Strategy and similar companies from its index.

December 13th, according to Coinglass data, if Ethereum breaks through $3200, the cumulative short liquidation intensity of mainstream CEXs will reach 868 million.Conversely, if Ethereum falls below $3000, the cumulative long liquidation intensity of mainstream CEXs will reach 1.289 billion.BlockBeats Note: The liquidation chart does not accurately display the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, that is, the intensity.Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense reaction due to a liquidity surge.

December 12, OpenAI released GPT-5.2 (Instant/Thinking/Pro) after an internal acceleration in "code red." The new version focuses on enhancing capabilities in tables, PPTs, code, long contexts, and tool invocation, making it closer to real-world workflows. It is stated that some benchmarks have caught up with or even surpassed Google's Gemini 3. BiyaPay analysts pointed out that GPT-5.2 demonstrates a more prominent efficiency value in scenarios such as investment research material organization, operational automation, and customer service ticket summarization. However, when it comes to content involving key decision-making and compliance requirements, manual review, permission isolation, and result verification should still be performed to prevent misuse and biases. BiyaPay supports USDT trading for US stocks, Hong Kong stocks, and futures, and provides zero-fee trading for digital currency spot contracts. Users can follow and participate in AI industry-related market opportunities through BiyaPay.