According to a Gallup survey, Federal Reserve Chairman Powell received the highest approval among 13 American leaders, with a support rate of 44%, surpassing Trump's 36%. The survey shows that Trump's support is highly polarized along party lines, while Powell's support is comparatively broader. The survey reflects public dissatisfaction with national leadership.

null
Original author: Lawyer Shao Jiadian
Introduction
Many RWA projects, when consulting a lawyer for the first time, almost always say the same thing:
“We are not securities, just a functional RWA token.”
“We simply put real assets on the chain, without financing attributes.”
“We are a utility token, not a security token.”
Honestly, I’ve become numb to these statements.
But the problem is—regulation is never determined by how you “call yourself,” but by “what you are actually doing.”
And an extremely important point is:
The gray buffer zone of “functional RWA tokens” has been gradually squeezed out by real case law in major regulatory jurisdictions worldwide.
Today, I will do only one thing in this article:
No abstract legal provisions, no vague theories, only real

The Marshall Islands launched the National Basic Income (ENRA) program through Stellar, covering all citizens. The funding comes from trust fund investment income, with diversified distribution methods. The program aims to ensure fair wealth distribution without income or employment thresholds.

Polymarket platform has fixed a security vulnerability caused by third-party authentication, affecting a small number of users, leading to abnormal logins and stolen funds. The affected users are mainly those who log in via Magic Labs email. The platform has confirmed the vulnerability has been fixed and is contacting the affected users.

Mars Finance reports that on December 25, according to market data, BANANA has increased by over 28% in the past 24 hours, currently priced at $7.76, with a market capitalization rising to $31 million.

According to SoSoValue data, on December 24th, Solana spot ETF had a total net inflow of $1.48 million, of which Fidelity SOL ETF FSOL had a net inflow of $1.08 million. The total historical net inflow is $113 million. The total assets under management (AUM) are $931 million, with a cumulative net inflow of $752 million.

The article summarizes the author's 12 predictions for the 2026 crypto market, including capital-efficient consumer credit, the segmentation of prediction markets, the application of AI, the rise of tokenized gold, and a unified experience for privacy development. These predictions showcase the diversification and future development trends of the crypto industry.

Mars Finance reports that recently, on-chain analyst Ai Auntie (@ai\_9684xtpa) monitored that address 0x89B…A7358 added 1 million USDC margin to Hyperliquid four hours ago. Currently, this address holds a long position of 218 Bitcoin (approximately $19.17 million) and a short position of 5,294.36 Ethereum (approximately $15.6 million), forming a position against

火星财经消息，杭州云深处科技股份有限公司完成数亿元人民币 Pre-IPO 轮融资。本轮融资由国家人工智能产业基金领投，某互联网大厂跟投。

Mars Finance reports that in the past 24 hours, the total liquidation across the entire network reached $173 million, including long and short positions of Bitcoin and Ethereum. Among 87,329 liquidations, the largest single liquidation was $7.0072 million.

Coinbase CEO Brian Armstrong stated at the Goldman Sachs Summit that regulatory uncertainty has impacted innovation in the crypto industry, calling for the establishment of clear regulatory frameworks to protect consumers and promote development. He emphasized that cryptotechnology will reshape the global financial system.

For a long time, TGE (Token Generation Event) has been regarded as the "finish line" in Crypto. However, after a series of narrative collapses and liquidity shortages, this logic is undergoing a structural reversal.
With regulatory policies taking effect and institutional forces participating, we may see a larger wave of TGE.
As 2026 approaches, we are in a critical period of transformation in the Crypto market.
In this market context, TGE has become an "adulthood ceremony" filled with anticipation but also significant pain for each project.
In this cycle, when we observe and discuss the significance, quantity, frequency, and changes of TGE (Token Generation Event) occurrences, it becomes clear that Crypto is shifting from a phase of "valuation discovery" to "value discovery."