Fear and Greed Index: 30 (Fear)
Bitcoin Price: $87,861
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Outflow: $782 M
ETH Net Outflow: $102.34 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 293.15 ETH
[
]( Selected Events in Hong Kong for December
We have specially compiled noteworthy events in the crypto space 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 space in Hong Kong for December, which will open a window to the future of Web3 for you.
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[]( Japan will elevate the cryptocurrency regulatory department to a "section" level, with the supervisory bureau divided into two offices
The Japanese Financial Services Agency has confirmed that it will elevate the department responsible for crypto assets (virtual currencies) to a "section" level by July 2026. This move aims to strengthen the regulatory framework for related companies, given the increasing popularity of crypto assets as investment objects. The supervisory bureau responsible for financial institution regulation will be divided into two departments: "Asset Management and Insurance Supervisory Bureau" and "Banking and Securities Supervisory Bureau."
The National Cyber Crime Investigation Agency (NCCIA) of Pakistan launched a joint operation in Karachi, dismantling a crypto investment scam group referred to by authorities as an "international cartel," involving approximately $60 million. During the operation, police arrested 34 individuals, including 15 foreign nationals and 19 Pakistani citizens.
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[]( $60 million
The National Cyber Crime Investigation Agency (NCCIA) of Pakistan launched a joint operation in Karachi, dismantling a crypto investment scam group referred to by authorities as an "international cartel," involving approximately $60 million. During the operation, police arrested 34 individuals, including 15 foreign nationals and 19 Pakistani citizens.
<h3 dir=)
[
]( $60 million
The National Cyber Crime Investigation Agency (NCCIA) of Pakistan launched a joint operation in Karachi, dismantling a crypto investment scam group referred to by authorities as an "international cartel," involving approximately $60 million. During the operation, police arrested 34 individuals, including 15 foreign nationals and 19 Pakistani citizens.
<h3 dir=)
[]( $60 million
The National Cyber Crime Investigation Agency (NCCIA) of Pakistan launched a joint operation in Karachi, dismantling a crypto investment scam group referred to by authorities as an "international cartel," involving approximately $60 million. During the operation, police arrested 34 individuals, including 15 foreign nationals and 19 Pakistani citizens.
<h3 dir=)
[]( $60 million
The National Cyber Crime Investigation Agency (NCCIA) of Pakistan launched a joint operation in Karachi, dismantling a crypto investment scam group referred to by authorities as an "international cartel," involving approximately $60 million. During the operation, police arrested 34 individuals, including 15 foreign nationals and 19 Pakistani citizens.
Trust Wallet CEO Eowync.eth released a security incident update, stating that Trust Wallet has received over 2,630 compensation claims, with amounts ranging from $1.05 million to $3.5 million, and the customer support team is doing its best to process the claims as quickly as possible.
The protocol repair proposal (Mainnet-28) put forward by the Flow Foundation has been unanimously agreed upon by network validators and successfully deployed. Current network status: The network is online and producing blocks but is in idle/read-only mode, and regular transaction submissions (ingestion) are still suspended.
Strategy is accelerating its shift to liquidity management, having established a $2.2 billion cash reserve to pay preferred stock dividends and debt interest without selling Bitcoin. As the valuation premium relative to its Bitcoin holdings gradually declines, this cash buffer is seen as a key measure to stabilize the financial structure and reduce the risk of forced selling.
100 million UNI tokens from the Uniswap Foundation treasury were burned this morning, valued at approximately $596 million. Techub News previously reported that the "Proposal to Activate Fee Switch" for Uniswap was passed in the final governance vote, which will burn 100 million UNI tokens from the treasury and, after activating the fee switch, the fees collected by the protocol will be used for programmatic burning of UNI, achieving deflation.
The cryptocurrency trading platform Bit.com announced an orderly reduction of existing business and the initiation of a user asset migration plan due to business restructuring. New user registrations will be stopped immediately, contracts will only allow for closing positions, spot trading will cease on January 31, 2026, and from late January, cloud computing, wealth management, GoRich, and other businesses will be gradually terminated and settled. Assets not withdrawn in time will be transferred to a backup site for continued support of withdrawals starting February 1, with final services ending on March 31. The platform promises a normal withdrawal processing time of 0.5–24 hours and reminds users to be wary of impersonation scams. Matrixport will provide optional migration channels for related users.
BAYC co-founder Garga.eth announced that Yuga Labs has acquired Improbable's Unreal Engine creation platform and reached a permanent licensing agreement with Improbable for Otherside's high concurrency technology. Additionally, relevant engineers and developers from the platform will join Yuga Labs, with the specific acquisition amount not disclosed.
JPMorgan has frozen accounts used by at least two rapidly growing stablecoin startups in recent months. These startups operate in Venezuela and other countries with legal risks.
Trip.com, the overseas version of Ctrip, has opened stablecoin payment functionality to global users, currently supporting USDT and USDC stablecoins.
Aave founder Stani Kulechov tweeted that the recent DAO vote on brand asset ownership has concluded, and he is committed to aligning the economic interests between Aave Labs and AAVE holders more clearly. Stani pointed out that Aave DAO has generated $140 million in revenue this year, exceeding the total of the past three years, and AAVE holders have control over this treasury.
<div class=)[In-depth & Outlook
]( CEO: Former customer service personnel involved in May data breach arrested in India
Coinbase CEO Brian Armstrong stated that former customer service personnel involved in the May data breach have been arrested in India.
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[]( CEO: Former customer service personnel involved in May data breach arrested in India
Coinbase CEO Brian Armstrong stated that former customer service personnel involved in the May data breach have been arrested in India.
<h3 dir=)[This year, we witnessed the dramatic start of "presidential coin issuance" and experienced the pain brought by the "10.11" liquidation storm. These moments, whether absurd or cruel, have been like high fevers, allowing the industry to build a stronger safety and governance immune system through pain.
]( Crypto Memories of 2025: Ups and Downs, Tempering and Integration<p class=)
[]( Crypto Memories of 2025: Ups and Downs, Tempering and Integration<p class=)[
Views
]( Labs hastily initiated governance proposal voting, internal strife escalates, controversy may evolve into a "revolution"
The governance storm of Aave has lasted over two weeks and is escalating, becoming a highly watched governance event in DeFi and the entire crypto industry. The dispute over who can control Aave's sovereignty between Aave Labs and DAO is no longer limited to fees and branding but has sparked deep reflections on the limits of decentralized governance in the industry. To what extent has this governance dispute progressed?
<p class=)
[]( Labs hastily initiated governance proposal voting, internal strife escalates, controversy may evolve into a "revolution"
The governance storm of Aave has lasted over two weeks and is escalating, becoming a highly watched governance event in DeFi and the entire crypto industry. The dispute over who can control Aave's sovereignty between Aave Labs and DAO is no longer limited to fees and branding but has sparked deep reflections on the limits of decentralized governance in the industry. To what extent has this governance dispute progressed?
<p class=)
[]( Labs hastily initiated governance proposal voting, internal strife escalates, controversy may evolve into a "revolution"
The governance storm of Aave has lasted over two weeks and is escalating, becoming a highly watched governance event in DeFi and the entire crypto industry. The dispute over who can control Aave's sovereignty between Aave Labs and DAO is no longer limited to fees and branding but has sparked deep reflections on the limits of decentralized governance in the industry. To what extent has this governance dispute progressed?
<p class=)
And the attitudes of more guests are relatively neutral to bullish. They believe that now may not be the time for "aggressive bottom fishing," but it is a window period to start building positions gradually and allocating step by step. There is only one consensus: do not use leverage, do not trade frequently, and discipline is far more important than judgment.