Gate Research Daily Report: On December 16, the price of BTC rose by 2.85% in the past 24 hours, with the current price reaching $104,615.7, continuing to set new historical highs. Ethereum ETFs saw a net inflow of $855 million last week, marking a new record for weekly inflows. The Hyperliquid network's TVL (Total Value Locked) reached $4.401 billion, surpassing the Base network. Pump.fun has accumulated over $300 million in revenue, with a total token issuance of approximately 4.67 million. The FASB's fair value accounting rules have come into effect, accelerating the arrival of the era of corporate Bitcoin reserves. DWF Labs, in collaboration with the Abu Dhabi Blockchain Center, is driving the development of the Web3 ecosystem in the MENA region.