Plainspoken Blockchain Morning Report: Ethereum's contract trading volume hits a record high this year, excessive leveraged speculation has led to lower-than-expected coin prices

Ethereum’s contract trading volume this year hit a record high, with excessive leveraged speculation leading to a less-than-expected price;

Aave founder: DAO’s earnings this year exceeded the total of the past three years, reaching $140 million, with funds used to buy AAVE not for proposal voting;

Hyperliquid’s net inflow for 2025 reached $3.87 billion, with a trading volume close to $3 trillion;

The memecoin sector’s market cap dropped 65% in one year to $35 billion;

The tokenized commodities market size approaches $4 billion, with gold reaching new highs and boosting RWA attention;

Glassnode co-founder: Bitcoin derivatives trading pressure dissipates, US M2 money supply hits a record high of $22.3 trillion;

Clear Street lists Coinbase as one of the three major fintech targets for 2026;

Bitmine staked 74,880 ETH for the first time, SharpLink unstaked 35,627 ETH;

The US crypto regulatory landscape may see a turning point in 2026, with SEC and CFTC deepening collaboration.