Organizer: Cora, Techub News
**TinTinLand
**
Fear and Greed Index: 40 (Neutral)
Bitcoin Price: $91,086
BTC/ETH Spot ETF Fund Flow (1.2)
BTC Net Inflow: $471.14 M
ETH Net Inflow: $174.42 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (1.3)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 0 ETH
[](JPEX Case Progress Update: Influencer "Zhu Gongzi" Added 3 Money Laundering Charges, Involved Amount Exceeds 18.8 Million HKD
According to Ming Pao, the unlicensed virtual asset trading platform JPEX was revealed to be involved in fraud in 2023, with multiple artists and influencers implicated in deceiving investors into investing in JPEX and losing their assets. A total of 16 people have been prosecuted in this case. One of them is the influencer "Zhu Gongzi" Zhu Jiahui, who was originally charged with one count commonly known as "money laundering." The case was heard again today at the Eastern Magistrates' Court, where the prosecution applied to amend the initial charge and added 3 new "money laundering" charges, with a total amount involved exceeding 18.8 million HKD. The magistrate approved the prosecution's application and adjourned the case until March 27 for further proceedings, pending the prosecution's preparation of documents for referral to the District Court, during which the defendant remains on bail.
[](JPEX Case Progress Update: Influencer "Zhu Gongzi" Added 3 Money Laundering Charges, Involved Amount Exceeds 18.8 Million HKD
According to Ming Pao, the unlicensed virtual asset trading platform JPEX was revealed to be involved in fraud in 2023, with multiple artists and influencers implicated in deceiving investors into investing in JPEX and losing their assets. A total of 16 people have been prosecuted in this case. One of them is the influencer "Zhu Gongzi" Zhu Jiahui, who was originally charged with one count commonly known as "money laundering." The case was heard again today at the Eastern Magistrates' Court, where the prosecution applied to amend the initial charge and added 3 new "money laundering" charges, with a total amount involved exceeding 18.8 million HKD. The magistrate approved the prosecution's application and adjourned the case until March 27 for further proceedings, pending the prosecution's preparation of documents for referral to the District Court, during which the defendant remains on bail.
](Selected Activities in Hong Kong for December
We have specially compiled noteworthy activities in the crypto field in Hong Kong for December, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[Regulation/Macro](Selected Activities in Hong Kong for December
We have specially compiled noteworthy activities in the crypto field in Hong Kong for December, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[By 2025, South Korean investors will transfer over 160 trillion KRW (approximately 110 billion USD) of cryptocurrency assets from domestic exchanges to overseas platforms. The outflow of funds is mainly related to the limitations of domestic exchanges, which can only provide spot and retail-oriented derivative services, leading some trading demand to shift to overseas platforms like Binance and Bybit. The report also mentioned that the Digital Asset Basic Law (DABA) has been postponed again due to disagreements among regulators regarding stablecoin issuance, resulting in continued regulatory uncertainty.
](By 2025, approximately 110 billion USD of cryptocurrency assets will be transferred to overseas platforms, mainly due to derivative restrictions<p class=)
[](By 2025, approximately 110 billion USD of cryptocurrency assets will be transferred to overseas platforms, mainly due to derivative restrictions<p class=)[The Salvadoran government announced that it will advance a national development strategy centered on Bitcoin and artificial intelligence (AI) in 2026. As of early 2026, the country holds 7,517 Bitcoins, valued at approximately 660 million USD. Previously, El Salvador revised the Bitcoin Law at the end of 2025, removing the requirement for the private sector to accept Bitcoin, transforming Bitcoin into a voluntary currency still supported by the state, and reached an agreement with the IMF to obtain 1.4 billion USD in financing support.
](Advancing a national development strategy centered on Bitcoin and artificial intelligence in 2026<p class=)
[](Advancing a national development strategy centered on Bitcoin and artificial intelligence in 2026<p class=)[The cryptocurrency regulatory bill signed by the President of Turkmenistan at the end of November has come into effect, marking the official legalization of cryptocurrency mining and trading in Turkmenistan. According to the law, non-Turkmen residents can also mine cryptocurrency in the country after registration. Cryptocurrency mining pools are also allowed to be established. The law stipulates that cryptocurrency exchanges established in Turkmenistan must obtain licenses, establish KYC and anti-money laundering mechanisms, and meet certain cold storage requirements.
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[](
The Iranian Ministry of Defense's Export Center Mindex stated in official documents and payment terms that the agency is prepared to negotiate military contracts, allowing foreign governments to use cryptocurrency, barter trade, or Iranian rials for payments. Mindex, responsible for Iran's overseas defense sales, has listed advanced weapons for export, including Emad ballistic missiles, Shahed drones, Suleimani-class warships, and short-range air defense systems.
<h3 dir=)[](
The Iranian Ministry of Defense's Export Center Mindex stated in official documents and payment terms that the agency is prepared to negotiate military contracts, allowing foreign governments to use cryptocurrency, barter trade, or Iranian rials for payments. Mindex, responsible for Iran's overseas defense sales, has listed advanced weapons for export, including Emad ballistic missiles, Shahed drones, Suleimani-class warships, and short-range air defense systems.
<h3 dir=)[
](
The Iranian Ministry of Defense's Export Center Mindex stated in official documents and payment terms that the agency is prepared to negotiate military contracts, allowing foreign governments to use cryptocurrency, barter trade, or Iranian rials for payments. Mindex, responsible for Iran's overseas defense sales, has listed advanced weapons for export, including Emad ballistic missiles, Shahed drones, Suleimani-class warships, and short-range air defense systems.
<h3 dir=)[](
The Iranian Ministry of Defense's Export Center Mindex stated in official documents and payment terms that the agency is prepared to negotiate military contracts, allowing foreign governments to use cryptocurrency, barter trade, or Iranian rials for payments. Mindex, responsible for Iran's overseas defense sales, has listed advanced weapons for export, including Emad ballistic missiles, Shahed drones, Suleimani-class warships, and short-range air defense systems.
<h3 dir=)[](
The Iranian Ministry of Defense's Export Center Mindex stated in official documents and payment terms that the agency is prepared to negotiate military contracts, allowing foreign governments to use cryptocurrency, barter trade, or Iranian rials for payments. Mindex, responsible for Iran's overseas defense sales, has listed advanced weapons for export, including Emad ballistic missiles, Shahed drones, Suleimani-class warships, and short-range air defense systems.
BitMine has added 82,560 ETH (approximately $259 million) to the Ethereum staking system, bringing its total staking size to 544,064 Ethereum (valued at approximately $1.62 billion). Due to its recent acceleration in staking, the number of Ethereum validators entering the queue has risen to about 977,000, with new validators expected to wait nearly 17 days. Meanwhile, the amount of Ethereum exiting the queue for withdrawal slightly exceeds 113,000. Data from the Ethereum network shows that over 35.5 million Ethereum have been staked (approximately 29% of the total supply), with an annualized staking yield close to 2.54%.
Flow tweeted that its network has resumed operation, and Cadence and EVM have been synchronized online. Flow stated that ecosystem recovery work is still ongoing, with full recovery expected this week. Flow also mentioned that a detailed technical post-mortem report will be released within 48 hours.
Stablecoin issuer Tether has disclosed its investment in the real-time cross-border QR code "scan payment" platform SQRIL, with the specific investment amount not yet disclosed. The announcement stated that SQRIL primarily targets markets in Asia, Africa, and Latin America and can integrate with APIs from traditional banks and digital financial services like Venmo, Revolut, and Cash App. Tether indicated that the new funds will be used to explore more efficient stablecoin and QR code cross-border payment solutions.
OSL has completed a strategic acquisition of Web3 payment service provider Banxa Holdings Inc. After fully integrating Banxa's international payment network, OSL stated that its compliance network will expand to regions including the US, Canada, the EU, the UK, and Australia, obtaining over 40 trading and payment licenses and registrations in total. OSL also mentioned that this integration will accelerate the expansion and business advancement of its global compliant payment network.
NASDAQ-listed Bitcoin mining company Bitfarms announced that it has signed a final purchase agreement with Singapore's Hawksburn Capital-managed cryptocurrency infrastructure fund Sympatheia Power Fund (SPF) to sell its Paso Pe mine for $30 million, officially exiting the Latin American market. It is expected to receive $9 million in cash in the first quarter of this year, with the remaining $21 million to be received within 10 months after closing.
The Korea Exchange (KRX) plans to launch more new investment products, including cryptocurrency exchange-traded funds (ETFs) and derivatives, as part of its efforts to modernize the capital market. At the ceremony on the first trading day of the new year, KRX Chairman Jeong Eun-bo stated that even though regulators are still reviewing whether existing securities regulations can approve such products, the exchange is ready to support cryptocurrency ETFs. Jeong Eun-bo also mentioned the gradual implementation of 24-hour trading and the promotion of digital financial readiness.
NASDAQ-listed XRP treasury company VivoPower announced that it will acquire a data center infrastructure in Norway powered by "100% renewable hydropower" with over 40 MW capacity, as part of its artificial intelligence infrastructure strategy. The facility is currently powered and operational.
<div class=)[In-depth & Outlook](The SEC submits Bittensor ETF application
Grayscale recently submitted a Bittensor ETF application to the US SEC. The proposed trust fund will trade under the stock code GTAO, aiming to provide investors with direct access to Bittensor's native token TAO through regulated financial instruments.
<h3 dir=)[](The SEC submits Bittensor ETF application
Grayscale recently submitted a Bittensor ETF application to the US SEC. The proposed trust fund will trade under the stock code GTAO, aiming to provide investors with direct access to Bittensor's native token TAO through regulated financial instruments.
<h3 dir=)[](
The digital renminbi began pilot testing in 2019. After six years, the figures look quite impressive: 230 million personal wallets, a total of 3.48 billion transactions, amounting to 16.7 trillion yuan. But if you ask people around you how many use it in their daily lives, the answer is likely: received a red envelope, tried it once, and then never used it again.
<p dir=)[](
The digital renminbi began pilot testing in 2019. After six years, the figures look quite impressive: 230 million personal wallets, a total of 3.48 billion transactions, amounting to 16.7 trillion yuan. But if you ask people around you how many use it in their daily lives, the answer is likely: received a red envelope, tried it once, and then never used it again.
<p dir=)[Views
](Review of the death of crypto projects this year: nearly $700 million in financing, former star projects are closing down
This year, the market accelerated the concentrated clearing of financing illusions and narrative bubbles, shifting from speculation-driven false prosperity to a stock clearing based on effectiveness. The illusion of liquidity has dissipated, and once-prominent pioneers have fallen one after another, while the industry, in the painful process of dying and being reborn, forces every practitioner to re-examine the survival rules here.
<p class=)[](Review of the death of crypto projects this year: nearly $700 million in financing, former star projects are closing down
This year, the market accelerated the concentrated clearing of financing illusions and narrative bubbles, shifting from speculation-driven false prosperity to a stock clearing based on effectiveness. The illusion of liquidity has dissipated, and once-prominent pioneers have fallen one after another, while the industry, in the painful process of dying and being reborn, forces every practitioner to re-examine the survival rules here.
<p class=)[](Review of the death of crypto projects this year: nearly $700 million in financing, former star projects are closing down
This year, the market accelerated the concentrated clearing of financing illusions and narrative bubbles, shifting from speculation-driven false prosperity to a stock clearing based on effectiveness. The illusion of liquidity has dissipated, and once-prominent pioneers have fallen one after another, while the industry, in the painful process of dying and being reborn, forces every practitioner to re-examine the survival rules here.
<p class=)[](Review of the death of crypto projects this year: nearly $700 million in financing, former star projects are closing down
This year, the market accelerated the concentrated clearing of financing illusions and narrative bubbles, shifting from speculation-driven false prosperity to a stock clearing based on effectiveness. The illusion of liquidity has dissipated, and once-prominent pioneers have fallen one after another, while the industry, in the painful process of dying and being reborn, forces every practitioner to re-examine the survival rules here.
<p class=)[](The past month in the crypto market has been characterized by repeated "door-closing" market conditions. Multiple attempts to break through $90,000 have ended in failure, oscillating back and forth in the $80,000 range; meanwhile, the total market capitalization of the entire cryptocurrency market has shrunk from $4.4 trillion in October to today's $3.11 trillion.
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In the past year, an intriguing phenomenon has repeatedly emerged: US stocks and precious metals have reached new highs driven by productivity dividends and AI narratives, while the crypto market has fallen into periodic liquidity droughts. Many investors lament that "the end of the crypto circle is the US stock market," and some even choose to exit completely. But if I told you that these two seemingly opposing paths to wealth are undergoing a historic convergence through tokenization, would you still choose to leave?
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