Summary: 1. Market Data: Fear and Greed Index at 23, BTC dominance at 59.73%. 2. On December 25th, stablecoin outflows totaled $240M: USDT outflows $26M, USDC outflows $341M. USD1 increased by $213M due to Binance's 20% annualized activity, bringing the current total to $27.0152B. 3. ETF Data: On December 24th, without BlackRock data, BTC ETF outflows were $31M, and ETH ETF outflows were $80M. 4. Trend Research, a secondary investment institution under Easylife, purchased approximately 580,000 ETH in total, valued at around $1.72B, with an average cost of $3,208 per ETH. The current position is estimated to have an unrealized loss of approximately $141M. 5. Some project VC valuations have completely collapsed: - Fuel (@fuel_network), previously VC-valued at $1B, now has an FDV of $17M. - Bubblemaps (@bubblemaps), previously VC-valued at $1B, now has an FDV market cap of $2.4B.