Key Market Information Discrepancy on December 25th - A Must-See! | Alpha Morning Report

Featured News

1.Bitcoin to See Largest-Ever Options Expiry this Friday, Potentially Fueling Price Surge

2.VC Review of 2025 Crypto Value Flows: Stablecoins, Prediction Markets, and 'Old Players' Emerge as Biggest Winners

3.Brevis Unveils Tokenomics: 1 Billion Total Supply with 32.2% Allocated to Community Incentives

4.US Stock Market Closed Higher Last Night: All Three Major Indexes Up, S&P 500 Hits New Record

5.$182 Million Liquidated Across the Board in the Last 24 Hours, Majority Longs Liquidated

Articles & Threads

1.《Are Those High-Funded Projects from 2021 Still Alive?》

According to Venture Capital analysis, crypto tech startups raised $25.2 billion that year, a 713% surge from 2020's $3.1 billion. However, four years later, looking back at the 400+ high-funded projects, only a very few still stand. Most have disappeared, either announcing shutdowns, pivoting to other projects, collapsing after being hacked, facing significant fallout post-FTX's demise, or becoming stagnant zombie projects.

2.《Faith in the Capital Market—The Essence and Core Value of Cryptocurrency》

For cryptocurrency players, 2025 was more of a disappointing year. As this year is coming to an end, we still have not been able to address the biggest issue the cryptocurrency market is facing — the breakdown of narrative, loss of faith. As an ordinary cryptocurrency industry practitioner, although the work I am involved in is very mundane, over these 4 years, I have seen some things, pondered some things, and I always vaguely felt that one day, I would systematically put these thoughts into writing. Now is the time.

Market Data

Daily Market Overall Funding Heat (as reflected by the funding rate) and Token Unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks