Strategy faces multiple pressures, including a significant narrowing of the mNAV premium, reduced coin hoarding, executive stock sales, and the risk of being delisted from the index, severely testing market confidence.

A major clash between bullish and bearish views on ZEC.

Risk assets are expected to perform strongly in 2026, and Bitcoin will also strengthen accordingly.

“When sentiment hits rock bottom, it often creates a window for a rebound, but what truly determines the direction of the market is still ETF funds and changes in macroeconomic policies.”

Some people chase trends, some shout slogans, while others choose to become believers in time.

The financial system is now entering a more fragile phase than the market anticipated, with risks shifting from simple market fluctuations to systemic pressures intertwined with policy, credit, and political risks.

Risk management is not just a buzzword; it is the single most important skill for survival in the cryptocurrency market.

Have a clear understanding of the privacy sector: from established players to low-market-cap projects, and to potential projects that haven't yet issued tokens but are worth interacting with.

This is the first non-farm payroll report released by the US government since its reopening, and the only one before the Federal Reserve's December decision.

A "prompt word proof" mechanism is introduced to achieve on-chain rights confirmation for AI agents.

"Bitcoin is insurance against fiat currency; ZCash (ZEC) is insurance against Bitcoin."

Vitalik Buterin warned Wall Street institutions that Ethereum poses a threat.

From anti-fraud tools to creator OS, Luffa wants to redefine what it means to "have fans".

As long as people keep digging, the shovel sellers will never lose money.

How should we view this celebrity coin from Base?

Overall, the misalignment between the crypto market and the US stock market in the third quarter of 2025 translated into a concentrated exposure of structural risks and a comprehensive increase in liquidity pressure in the fourth quarter.