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![]() 1 Bitcoin's fall signals a weak year-end performance for risk assets, but there may be growth momentum in 2026 ![]() Bloomberg Intelligence's latest report pointed out that the recent decline of Bitcoin and falling below important support levels seems to indicate a weak performance of risk assets at the end of the year. This indicator is currently inversely related to the volatility of the S&P 500 index, but momentum may increase in 2026, because the current market decline may have bottomed out, and as Wall Street's position adjustment ends, there will be greater room for subsequent gains. 2 Bitcoin ETF Remains Net Gains, Cost Base Not Damaged ![]() Glassnode Lianchuang Negentropic issued an article on the X platform and pointed out that what is happening in Bitcoin now is not a narrative change, but a mechanical "buffer". Currently, the ETF still maintains net income and the cost basis has not been damaged. Although some long-term holders are selling, the Solana ETF has stable capital inflows, and altcoins have performed better relative to BTC and ETH. Not only that, the overall cycle structure is still intact, ETF and spot demand is strong, and the macro economy basically maintains a neutral to bullish trend. The market has not capitulated, and the trend has not been broken. When the decline is finally exhausted, the magnitude of the rebound may be much greater than the previous decline. 3 RateX, Solana’s ecological revenue trading protocol, completed US$7 million in new financing, with participation from Animoca Ventures and others ![]() According to Techinasia reports, Solana ecological revenue trading protocol RateX has completed a total of US$10.4 million in financing in the past two years. The latest round of financing raised US$7 million, with investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital and Summer Capital. According to reports, the protocol helps users trade and manage profits through tokenized financial products. The recently launched Mooncake upgrade supports liquidation-free leveraged token transactions. In June this year, US-listed company DeFi Development Corp. strategically integrated its pledged tokens with the RateX ecosystem for additional revenue strategies. 4 Meta sued for concealing “causal” evidence that social media harms mental health ![]() According to Zhitong Finance, in the class action lawsuit filed by multiple school districts in the United States against Meta and other social media platforms, the complete lawsuit documents exposed show that the company stopped related internal research after discovering causal evidence that its two products, Facebook and Instagram, would have an adverse impact on users’ mental health. Meta internal documents obtained through investigation show that in a 2020 research project code-named "Project Mercury," Meta researchers collaborated with Nielsen research company to assess the impact of deactivating Facebook and Instagram. Internal documents pointed out that the company was quite dissatisfied with the results: “Users who stopped using Facebook for a week reported that their depression, anxiety, loneliness, and social comparison mentality were reduced. ”The lawsuit documents that although Meta's own research has confirmed a causal link between its products and users' mental health impairment, the company claimed to the U.S. Congress that it could not quantify whether its products would cause harm to teenage girls. 5 Kalshi completes US$1 billion in financing at US$11 billion valuation, led by Sequoia and CapitalG ![]() According to TechCrunch, citing people familiar with the matter, the prediction market platform Kalshi has completed US$1 billion in financing, with a new valuation of US$11 billion, led by Sequoia and CapitalG. This round of financing comes less than two months after its previous round of financing of US$300 million at a valuation of US$5 billion. Kalshi allows users to place bets on various events and operates within legal boundaries. The annual transaction volume has exceeded 50 billion US dollars. Its main competitor Polymarket has also recently been rumored to be planning to raise funds at a valuation of US$12-15 billion. Australian Financial News Video Account Hot Video Recommendations↓↓↓ Recommended reading 23 11-2025 The Australian county is taking over 600,000 middle-class refugees! 22 11-2025 collapse! Never buy a house in Melbourne! I regret it so much! 21 11-2025 100,000 people evacuate Sydney urgently! House prices are about to collapse? ! promotion ![]() Thank you all for reading. If you like our article, you can like and recommend it directly below. |