Null
The Federal Reserve has cut interest rates, but the market is in panic.
On December 10, 2025, the Federal Reserve announced a 25 basis point rate cut and purchased $40 billion worth of Treasury securities within 30 days. Traditionally, this is a major positive signal, but the market reaction was unexpected: short-term interest rates fell, while long-term Treasury yields rose instead of falling.
Behind this abnormal phenomenon lies a more dangerous signal: investors are pricing in a structural risk of “loss of Federal Reserve independence.” For crypto investors, this is a critical moment to reevaluate asset allocations.
Rate Cuts Are Not Simple
On the surface, a 25 basis point rate cut is a routine response to an economic slowdown. From an economics textbook perspective, lowering interest rates is usually seen as a standard tool to stimulate the economy, reduce corporate financing costs, and boost market confidence.
But the timing is too “coincidental.”
Before the announcement, Trump’s economic aides, and Federal Reserve Chair heat

Mars Finance reports that crypto analyst Murphy pointed out traders' views on the market: funds are using an 85,000 Call contract to go long and selling Puts, implying that 85,000 is seen as a buying point for a pullback; large-scale selling of Puts indicates that around 90,000 is a short-term support level; at the same time, heavy buying of Calls and Puts shows that funds are preparing for a major fluctuation.

null
Author: Nancy, PANews
On December 11, 2025, 1314 days after the Terra collapse, Do Kwon finally faced justice and was sentenced to 15 years in prison.
Although this epic scam has come to an end, more than one million victims and $40 billion evaporated, undoubtedly serve as a costly and painful lesson in the history of cryptocurrency development.
Dreams shattered Luna, sentenced to 15 years in prison
On December 11, wearing a yellow prison uniform from Essex County Jail in New Jersey, Do Kwon sat in the defense seat accompanied by four lawyers. This once prominent crypto tycoon faced his final trial.
At the hearing, Kwon’s defense team attempted an emotional appeal, requesting the judge to limit the sentence to within 5 years. They argued that Kwon’s criminal behavior was more driven by arrogance and despair rather than personal extremity

Mars Finance reports that Story has partnered with EigenCloud to create a verifiable intelligent system, enabling a fully verifiable AI data, model, execution, and payment chain. This promotes AI from a black box to an auditable open network, supporting AI agents to autonomously utilize on-chain skills and fostering the development of a verifiable AI economy.

Original Title: "What Are the Highlights of x402 V2? Unified Payment Interface, Identity Authentication, etc."
Author: KarenZ
Source:
Reprint: Mars Finance
The x402 protocol, led by Coinbase, was launched in May this year with a surprisingly simple core idea: to reactivate the long-idle HTTP 402 status code and embed payment logic directly into network requests.
Although the tokens related to x402 experienced a fleeting surge, over the past six months, x402 has processed over 100 million payments, covering diverse scenarios such as API paid calls, AI proxy on-demand computing resource purchases, and more.
While the architecture of V1 was straightforward, it revealed some limitations in practical applications. Especially in areas like cross-chain support, scalability, identity authentication, and duplicate payments, the original design was unable to

null
Today, predictions about when "quantum computers related to cryptography (CRQC)" will be born tend to be overly aggressive and exaggerated—leading to calls for an immediate, comprehensive migration to post-quantum cryptography.
However, these calls often overlook the costs and risks of migrating too early, and ignore the vastly different risk profiles among various cryptographic primitives:
Post-quantum encryption indeed needs to be deployed immediately, despite high costs: "HNDL" (Hold, No Decrypt, Leave) attacks are already happening. Sensitive data encrypted today may still be valuable decades later when quantum computers emerge. While implementing post-quantum encryption incurs performance overhead and execution risks, there is no alternative for those data that require long-term confidentiality in the face of HNDL attacks.
Post-quantum signatures

Mars Finance News: The Japanese National Tax Agency announced today that the 2024 tax investigation results show a total of 613 on-site investigations into individual cryptocurrency transactions, recovering approximately 4.6 billion yen in taxes, a 31.4% increase compared to 3.5 billion yen in the previous year. The number of investigations also increased by approximately 14.6% year-on-year. The National Tax Agency pointed out that cases related to cryptocurrencies significantly exceed the overall average levels of income tax on-site investigations in terms of single recovery amounts and undeclared income. Current focus areas of tax investigations include the accuracy of profit and loss calculations, the completeness of transaction records, and the declaration handling of special transactions such as DeFi, airdrops, mining, and staking; if multiple domestic and foreign exchanges are involved, all profits and losses must be consolidated in the declaration, otherwise it may be deemed as an omission. Additionally, the National Tax Agency stated that it has continued to strengthen data collection and analysis of internet transactions and has introduced AI technology to assist in screening investigation targets.

Breaking news from Mars Finance: According to Bloomberg, a cross-party group of UK parliamentarians is urging Chancellor Rachel Reeves to oppose the Bank of England's proposal to set a cap on stablecoin holdings in the country, stating that the policy would undermine the government's efforts to position the UK as a leader in digital assets. In a letter to Reeves, members of the House of Lords, including Peter Cruddas, CEO of trading platform CMC Markets Plc, said that the Bank of England's plan to limit the amount of stablecoins individuals can hold would not reduce risks but rather drive capital overseas. The group wrote: “We are deeply concerned that the UK is gradually moving toward a fragmented and restrictive approach, which will hinder innovation, limit adoption, and push activity abroad.” The Bank of England announced its proposed stablecoin rules last month, stating that it would temporarily...

null
Troy Kirwin, partner at A16z Investor, proposed in the latest video that venture capital and private equity have long been like living on two planets: VC in San Francisco, betting on technology, high growth and huge TAM; PE in New York, preferring stable cash flow and labor-intensive service industries.

Bitcoin Layer2 Network Stacks Collaborates with Talent Protocol to Launch Weekly Builder Challenges, with the first week's theme focused on developing Bitcoin applications and a reward of 5000 $STX. Clarity 4 introduces new features such as asset protection and contract verification, encouraging active community participation.

Title: "JPMorgan Turns Against Wall Street: Accumulating Silver, Positioning in Gold, Shorting the US Dollar Credit"
Author: sleepy.txt
Source:
Repost: Mars Finance
JPMorgan, the most loyal "gatekeeper" of the old US dollar order, is personally dismantling the fortress it once swore to defend.
According to market rumors, by the end of November 2025, JPMorgan will relocate its core precious metals trading team to Singapore. If this geographic move is merely superficial, then its core signifies an open rebellion against the Western gold power system.
Looking back over the past half-century, Wall Street has been responsible for constructing a massive credit illusion using the US dollar, while London, as the "heart" of Wall Street's gold empire across the Atlantic, maintains its pricing dignity through underground vaults. Both are interconnected, jointly weaving the Western world's absolute control over precious metals. And JPMorgan, which should be the last and most