A certain PEPE whale sold 3.14 trillion PEPE tokens and bought ETH, EIGEN, PUMP, and XPL.

**Market Focus Shifts to U.S. Data Post-2025 FOMC Meeting** Following the conclusion of the Federal Reserve’s final 2025 FOMC meeting on December 15, the market has turned its full attention to U.S. economic data to gauge how much monetary easing next year could improve liquidity conditions. Key releases—retail sales, initial jobless claims, CPI, PCE—and speeches from multiple Fed officials will take center stage, raising the risk of a repricing of interest rate expectations. BRN Research Director Timothy Misir noted: “The macro agenda is now the market’s top focus.” He added the market is no longer directly trading last week’s rate cut, but instead eyeing data that could validate or challenge that decision. “Inflation data will be critical: any unexpected upward surprise could reinforce the ‘hawkish rate cut’ narrative, while softer readings could potentially reopen the upside path for risk assets before year-end.” On-chain data also signals easing selling pressure from large

December 15 — CoinShares released its latest weekly report today, showing digital asset investment products drew **$864 million in inflows** last week. This marks the third straight week of modest inflows, reflecting investors’ cautious yet shifting optimism. While the Fed recently cut interest rates, price performance has been relatively weak—with market sentiment and fund flows diverging on trading days following the cut. ### Regional Highlights - **U.S.**: Led weekly inflows with $796 million (most positive regional sentiment). - **Germany**: $68.6 million in inflows; **Canada**: $26.8 million in inflows. - These three nations have dominated 2025 year-to-date (YTD) flows, accounting for **98.6% of total inflows** this year. ### Asset-Specific Trends - **Bitcoin**: $522 million in weekly inflows; bearish Bitcoin products saw **$1.8 million in outflows** (second consecutive week)—confirming recovering market sentiment. - YTD inflows: $27.7 billion (well below 2024

December 15: Binance Alpha will list Magma Finance (MAGMA) on December 16, per official sources. Eligible users can claim the airdrop using Binance Alpha points by visiting the Alpha Events page once trading goes live. Additional details will be announced soon.

**December 15 –** The National Bureau of Statistics of China, Chongqing Municipal People’s Government, and Singapore’s Infocomm Media Development Authority (IMDA) have jointly signed a Memorandum of Understanding (MoU) on building the Digital Land-Sea New Channel. The agreement aims to deepen China-Singapore cooperation on strategic interconnection demonstration projects, use digital transformation to empower the Land-Sea New Channel’s development, and build a future-oriented smart economic corridor. Under the MoU, the three parties will focus on three key cooperation areas: - **Digital Interconnection**: Align with both countries’ digital rules frameworks to promote secure, orderly cross-border data flow via digital infrastructure connectivity and collaboration. Explore building an efficient, convenient, and secure digital channel. - **Digital Tech & Innovation**: Encourage and support enterprises and research institutions from both nations to conduct joint R&D and use case

December 15: Bitget announced that its TradFi offering has officially entered the public beta phase. This new section allows users to trade gold, forex, and other traditional financial assets with USDT. The first batch of assets includes forex pair EUR/USD, index AUS200, precious metal XAU/USD, and commodity USO/USD. Selected invited users will get early access to test the platform. Bitget provides robust safeguards across liquidity, costs, leverage, and security. Leveraging top-tier liquidity providers, it maintains stable order book conditions and avoids hidden fees. The platform also supports up to 500x leverage, boosting trading efficiency for forex and gold products. Compared to crypto markets, TradFi trading fees are more competitive—starting as low as $0.09 per lot. Additionally, Bitget is regulated by the Financial Services Commission (FSC), ensuring users a fair, secure, and stable trading environment.

As of December 15th, DefiLlama data shows that mainstream perpetual decentralized exchange (Perp DEX) trading volumes have declined sharply over the past 24 hours. Aster leads the pack in volume, while Pacifica has bucked the trend with a counter-trend increase. Open interest across most platforms has changed little, though Hyperliquid saw a slight uptick. Key metrics for select Perp DEXs are below: - Aster (https://asterdex.com/en-US/referral/aboter): 24h trading volume ~$49.5B; TVL ~$13.4B; open interest ~$25.7B - Lighter: 24h trading volume ~$48.3B; TVL ~$14.5B; open interest ~$17.4B - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): 24h trading volume ~$31.8B; TVL ~$44.4B; open interest ~$73.3B - EdgeX: 24h trading volume ~$28.7B; TVL ~$3.98B; open interest ~$7.96B - ApeX: 24h trading volume ~$24.3B; TVL ~$46.47M; open interest ~$87.94M - Variational: 24h trading volume ~$12B; TVL ~$66.18M; open interest ~$3.84B - Backpack: 24h trading volume ~$10.4B; TVL not discl