Fear and Greed Index: 27 (Extreme Fear)
Bitcoin Price: $87,621
BTC/ETH Spot ETF Fund Flow (12.23)
BTC Net Outflow: $16 M
ETH Net Outflow: $70.48 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (12.23)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 293.15 ETH
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Derin Holdings voted on the special authorization issuance arrangement related to the acquisition of Bitcoin mining machines, with the resolution passing with 670,409,478 votes in favor (99.97%) and 235,000 votes against (0.03%). The content includes the issuance of convertible bonds, warrants, and the allocation of convertible shares, warrant shares, and profit shares.
The Hong Kong police disclosed details about a knife robbery that occurred last week at a virtual currency exchange shop in Sheung Wan, stating that 15 people have been arrested, of which 7 have been charged with "conspiracy to commit robbery." The case involves two Japanese company employees carrying 4 suitcases, intending to exchange 1 billion yen (approximately 50 million HKD) for virtual currency and HKD when they were robbed. The police stated they are tracking the whereabouts of the funds. The investigation is ongoing, and more arrests may follow.
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[]( 1 billion yen robbery case, 15 people arrested
The Hong Kong police disclosed details about a knife robbery that occurred last week at a virtual currency exchange shop in Sheung Wan, stating that 15 people have been arrested, of which 7 have been charged with "conspiracy to commit robbery." The case involves two Japanese company employees carrying 4 suitcases, intending to exchange 1 billion yen (approximately 50 million HKD) for virtual currency and HKD when they were robbed. The police stated they are tracking the whereabouts of the funds. The investigation is ongoing, and more arrests may follow.
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]( Selected Events in Hong Kong for December
We have specially compiled noteworthy events in the crypto field in Hong Kong for December, which will open a window to the future of Web3 for you.
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[Regulation/Macro]( Selected Events in Hong Kong for December
We have specially compiled noteworthy events in the crypto field in Hong Kong for December, which will open a window to the future of Web3 for you.
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[]( Submission to Congress in 2026
The Japanese government has determined a policy to promote the issuance of local bonds by local governments in the form of digital securities (Security Tokens) and plans to submit relevant legislation to the regular session of Congress in 2026. Reports indicate that the government will finalize specific measures after hearing the needs of local governments this month; digital local bonds can leverage blockchain for faster issuance and settlement, and are expected to support real-time tracking of investor information.
Elvira Nabiullina, the Governor of the Central Bank of Russia, stated in an interview with RBC that the value inflow from Bitcoin mining has become an "auxiliary factor" supporting the ruble exchange rate. She also noted that since a considerable part of the industry remains in a legal gray area, it is currently difficult to accurately quantify its impact, but the central bank has regarded it as one of the observable macro variables.
The U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Wolf Capital Crypto and its founder Travis Ford in the U.S. District Court for the Northern District of Oklahoma, accusing them of operating in a Ponzi-like structure and promising investors a "daily 3.5%" return without real trading activity to support it, raising over $10 million from investors. Previously, Travis Ford was sentenced to 5 years in prison for the related Ponzi scheme and ordered to pay over $1 million in forfeiture and over $170,000 in restitution.
The Ghanaian Parliament has passed the Virtual Asset Service Provider Bill in response to concerns about the expansion of cryptocurrency use locally without regulatory oversight. Johnson Asiama, the Governor of the Bank of Ghana, stated that the bill will facilitate the licensing of cryptocurrency platforms and the regulation of related activities.
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The Ghanaian Parliament has passed the Virtual Asset Service Provider Bill in response to concerns about the expansion of cryptocurrency use locally without regulatory oversight. Johnson Asiama, the Governor of the Bank of Ghana, stated that the bill will facilitate the licensing of cryptocurrency platforms and the regulation of related activities.
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The Ghanaian Parliament has passed the Virtual Asset Service Provider Bill in response to concerns about the expansion of cryptocurrency use locally without regulatory oversight. Johnson Asiama, the Governor of the Bank of Ghana, stated that the bill will facilitate the licensing of cryptocurrency platforms and the regulation of related activities.
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The Ghanaian Parliament has passed the Virtual Asset Service Provider Bill in response to concerns about the expansion of cryptocurrency use locally without regulatory oversight. Johnson Asiama, the Governor of the Bank of Ghana, stated that the bill will facilitate the licensing of cryptocurrency platforms and the regulation of related activities.
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The Ghanaian Parliament has passed the Virtual Asset Service Provider Bill in response to concerns about the expansion of cryptocurrency use locally without regulatory oversight. Johnson Asiama, the Governor of the Bank of Ghana, stated that the bill will facilitate the licensing of cryptocurrency platforms and the regulation of related activities.
Canadian listed company Matador Technologies (MATA) plans to raise approximately $58 million to purchase more Bitcoin. The company's disclosed goal is to accumulate 1,000 Bitcoins by the end of 2026.
The Solana Foundation has launched the fee relay and signing node Kora, which supports "full sponsorship of transaction fees" for users and allows payment of fees in any token. Kora can also transfer signing operations to a more secure execution environment, supporting up to 6 remote signers and providing reliable indicators to alert users of insufficient funds.
Slow Mist's Chief Information Security Officer 23pds tweeted that a new variant of the MacSync malware has emerged, capable of bypassing macOS Gatekeeper security protection, affecting user assets. It evades detection through file inflation, network verification, and self-destruct scripts after execution, capable of stealing sensitive data such as iCloud keychains, browser passwords, and cryptocurrency wallets. 23pds warns Mac users to avoid downloading software and plugins from unknown sources and to be vigilant against related phishing and trojan risks.
Hyperliquid has listed Lighter alongside Binance and Aster as direct competitors, stating that these platforms are all controlled by centralized orderers managing trading states, emphasizing its own architecture as "fully on-chain," operated by 24 validators, and "without hidden states." Meanwhile, Lighter focuses on "verifiable execution," generating auditable proofs for operations such as matching and clearing through proof mechanisms.
El Salvador and the IMF have made "significant progress" in negotiations regarding the sale of the government electronic wallet Chivo, and continue discussions on the Bitcoin project, focusing on enhancing transparency, safeguarding public resources, and reducing risks. The IMF stated that the El Salvador government has agreed at the policy level to no longer actively increase Bitcoin holdings and is required to fully comply by the end of 2025 at the latest. However, the official Bitcoin office in El Salvador still claims to "purchase 1 Bitcoin daily," and stated on December 22 that its holdings have increased to 7,509 Bitcoins.
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DWF Labs partner Andrei Grachev tweeted that DWF Labs has completed its first physical gold transaction. This was a test transaction of a 25-kilogram gold bar, and everything went smoothly. DWF Labs is expanding its business scale and plans to trade physical silver, platinum, and cotton in the future, aiming to occupy a significant share in the RWA market.
]( Erebor completes $350 million financing, led by Lux Capital
The cryptocurrency bank startup Erebor has completed a new round of financing of $350 million after receiving approval from the Federal Deposit Insurance Corporation (FDIC) for its deposit insurance application, with a post-investment valuation of approximately $4.35 billion, led by Lux Capital. Existing institutional investors include Founders Fund, 8VC, and Haun Ventures, with individual investors including Peter Thiel. Erebor was founded in 2025 by Anduril CEO Palmer Luckey and Joe Lonsdale, and its bank license application documents indicate that the company plans to offer both traditional banking services and crypto-related products and services.
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[In-Depth & Outlook]( Erebor completes $350 million financing, led by Lux Capital
The cryptocurrency bank startup Erebor has completed a new round of financing of $350 million after receiving approval from the Federal Deposit Insurance Corporation (FDIC) for its deposit insurance application, with a post-investment valuation of approximately $4.35 billion, led by Lux Capital. Existing institutional investors include Founders Fund, 8VC, and Haun Ventures, with individual investors including Peter Thiel. Erebor was founded in 2025 by Anduril CEO Palmer Luckey and Joe Lonsdale, and its bank license application documents indicate that the company plans to offer both traditional banking services and crypto-related products and services.
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]( Annual Review of Lawsuits: Mysterious Informants, Internal Records, and Unrevealed Answers
In January 2025, the meme coin market was at the peak of its frenzy. With U.S. President Trump launching the TRUMP coin, an unprecedented speculative frenzy swept through, and the myth of "hundredfold coins" captured the market's attention. At the same time, a lawsuit against the Pump.fun platform was quietly initiated.
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[]( Annual Review of Lawsuits: Mysterious Informants, Internal Records, and Unrevealed Answers
In January 2025, the meme coin market was at the peak of its frenzy. With U.S. President Trump launching the TRUMP coin, an unprecedented speculative frenzy swept through, and the myth of "hundredfold coins" captured the market's attention. At the same time, a lawsuit against the Pump.fun platform was quietly initiated.
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[]( Annual Review of Lawsuits: Mysterious Informants, Internal Records, and Unrevealed Answers
In January 2025, the meme coin market was at the peak of its frenzy. With U.S. President Trump launching the TRUMP coin, an unprecedented speculative frenzy swept through, and the myth of "hundredfold coins" captured the market's attention. At the same time, a lawsuit against the Pump.fun platform was quietly initiated.
<p class=)[This research report will systematically dismantle the principles of AI training paradigms and reinforcement learning technology, demonstrating the structural advantages of reinforcement learning × Web3, and analyze projects such as Prime Intellect, Gensyn, Nous Research, Gradient, Grail, and Fraction AI.
Perspective
]( AI Investment Map<p class=)
[]( AI Investment Map<p class=)
[]( AI Investment Map<p class=)
[]( AI Investment Map
When "zkEVM achieves real-time verification, proving delay drops from 16 minutes to 16 seconds" is repeatedly mentioned, it is often understood as a mere performance enhancement. However, in the zk system, time is not a neutral metric. The magnitude change in proving delay directly determines whether zkEVM can enter the system's timing critical path, thereby altering its role in the architecture.
<div class=)[Prediction markets are entering a highlight moment. I agree with its core concept, but I am deeply skeptical about whether it is suitable for platforms like Robinhood, which are financial super applications. I have always believed that user reach is the most challenging aspect of building consumer finance businesses. Once this barrier is broken, business expansion should follow suit. However, the key to successful expansion lies in strengthening rather than diluting the core value proposition.
]( Is "us" making prediction markets an increment or a poison?<p class=)
