On December 31, 2025, the cryptocurrency market is experiencing a year-end climax. Despite global stock market fluctuations, the correlation between cryptocurrencies and stocks is evident: the overall price of crypto assets has risen by over 2%, thanks to ETF inflows and a surge in altcoins, with mainstream currencies like Bitcoin leading the charge. Meanwhile, token unlock events are frequent, posing potential supply pressure on the market; from a regulatory perspective, many countries are advancing the integration of cryptocurrencies into traditional financial frameworks. This article outlines today's key developments, including the upcoming Binance Alpha airdrop, significant unlocking information, and trends in cryptocurrency-stock interactions.

1. Binance Alpha Airdrop Set to Launch: First Come, First Served Opportunity

Binance will officially launch the Alpha airdrop collection event today at 15:00. Users must hold at least 240 Binance Alpha points to participate, and the event will operate on a first-come, first-served basis until the airdrop pool is exhausted or the event ends. Specific details about the airdrop tokens will be announced through Binance's official channels. This low entry threshold may attract a large number of retail investors, boosting short-term market activity. Recent trends indicate that similar airdrop events are often linked to token listings, stimulating trading volume in the secondary market.

2. Token Unlock Wave: December Unlocking Scale Exceeds $5 Billion, Supply Shock to be Cautioned

December, as the last month of 2025, has become a peak period for token unlocks, with a total unlocking scale exceeding $5 billion, involving multiple popular projects. Among them, Jito (JTO) unlocked approximately $498 million, Sui (SUI) unlocked $221 million, and Aptos (APT) unlocked $113 million. Additionally, the total unlocking amount in the second week reached $237 million, covering several altcoins. In the latter half of the month, high-impact unlocks include HYPE, XPL, and JUP, totaling over $566 million, which may exacerbate market volatility. Investors should pay attention to the selling pressure post-unlock, especially in a low liquidity environment at year-end. WuBlockChain's news on the top ten projects of 2025 also mentioned a proposal for the WLFI token unlock, using up to 5% of the unlocked funds for new expenditures.

3. Strengthening Cryptocurrency-Stock Correlation: Coinbase Expands Stock Trading and Tokenized Assets

The correlation between cryptocurrencies and stocks has become a hot topic in the crypto industry recently. Coinbase announced the expansion of its business, including the launch of prediction markets, stock trading tools, stablecoins, and new features for enterprises and developers. Furthermore, the platform plans to introduce tokenized stocks and prediction market products, which will deeply integrate crypto with traditional stock markets. This move reflects the trend of cryptocurrency penetrating mainstream finance, and the unlocking of altcoins like SUI and APT may also impact the performance of related stocks. Year-end market data shows that the surge in crypto prices is partly due to expectations of altcoin pumps, with five major altcoins anticipated to rebound in December. This correlation may pave the way for a bull market in 2026.

4. Global Regulatory Dynamics: Accelerating Integration of Crypto into Traditional Frameworks

Regulatory news dominates today's headlines, with many countries advancing the standardization of crypto assets.

• United Kingdom: Plans to incorporate cryptocurrencies into the financial services category by October 2027, moving towards structured regulation. The Financial Conduct Authority has initiated consultations, with final rules expected in 2026. The new framework shifts from anti-money laundering registration to a detailed licensing system and initiates reviews of foreign financial interventions, which may restrict the use of crypto for political donations.

• Russia: The Ministry of Justice has proposed amendments to the Criminal Code, imposing fines of up to 1.5 million rubles (approximately $19,000) and two years of compulsory labor for unregistered crypto miners. Illegal mining on a large scale could result in five years of imprisonment. Currently, only 30% of miners are registered legally, and this move aims to combat underground mining.

• China: The Industrial and Commercial Bank of China and Agricultural Bank of China announced that starting January 1, 2026, interest will be paid on the balances of real-name digital yuan wallets at the same rate as demand deposits, aligning the rules with those of demand deposits. This policy enhances the attractiveness of the digital yuan and promotes its integration with the traditional banking system.

• Florida, USA: Legislator Joe Gruters submitted bills SB 1038 and SB 1040, proposing the establishment of a strategic cryptocurrency reserve and trust fund, with funding sources including the state budget. The effective date is July 1, 2026, marking an exploration of state-level crypto reserves.

• Hong Kong: Derlin Holdings (01709.HK) subsidiary Derlin Securities has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, upgrading to a Type 1 license. The company is advancing its upgrade to a Type 4 license, which is expected to be approved soon. This move enhances Hong Kong's status as a crypto hub.

These regulatory advancements, while potentially increasing compliance costs in the short term, are beneficial for the long-term maturation of the industry, especially in the context of cryptocurrency-stock interactions, helping to attract institutional funds.

5. Market Outlook: Opportunities and Risks at Year-End

As 2025 comes to a close, the Alpha airdrop, token unlocks, and cryptocurrency-stock expansions provide short-term trading opportunities, but tightening regulations and supply pressures should be approached with caution. Investors are advised to pay attention to the launch dynamics of Coinbase's new products and the price performance of unlocked tokens like SUI and APT. Looking ahead to 2026, the integration of crypto with traditional finance will deepen further.

(Note: This article is based on publicly available information and does not constitute investment advice.)

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