Odaily Planet Daily reports that Japanese financial industry executives have expressed dissatisfaction with the progress of crypto tax reform. Tomoya Asakura, CEO of SBI Global Asset Management, posted on the X platform that the progress of Japan's crypto tax reform is "extremely slow," and cited political figures who said that the reform measures may be delayed again by another year, possibly not being implemented until 2028 at the earliest, but nothing has been finalized yet.

Tomoya Asakura stated that if reforms continue to be delayed, Japan will not only lag behind the United States in the development of crypto and financial innovation, but also behind Asia and the Middle East. SBI is one of Japan's major financial groups and a key partner of Ripple, operating the crypto trading platform SBI VC Exchange. The group has previously announced plans to launch a yen stablecoin in the first half of 2026.

Currently, Japanese cryptocurrency traders are required to declare cryptocurrency gains as "miscellaneous income," with a maximum tax rate of 55%, and losses cannot be carried forward or deducted. Japan's Financial Services Agency (FSA) has expressed its desire to reclassify cryptocurrency assets as investment instruments, subjecting them to the same approximately 20% separate taxation system as stocks and foreign exchange transactions. The relevant legal revisions are expected to be submitted to the Diet for deliberation in early 2026, but based on the usual implementation cycle, the official take-off date may be further delayed. (DL News)

According to Odaily Planet Daily, prediction market platform Kalshi stated that even though the company has sought regulatory approval, it currently has no plans to allow users to bet on whether top college athletes will enter the transfer window.

A Kalshi spokesperson told The Block, "We have no plans to launch these contracts immediately." He noted that Kalshi frequently certifies its marketplace (i.e., seeks permission to launch), but ultimately doesn't make them available to users. The spokesperson cited as an example several contracts Kalshi certified but never launched, including one that allowed users to bet on whether an animal would become extinct.

The news that Kalshi might be listing college athlete transfer contracts quickly drew criticism from the National Collegiate Athletic Association (NCAA). NCAA President Charlie Baker posted on the X platform, stating, "The NCAA strongly opposes the college sports prediction market."

Charlie Baker added: “It’s bad enough that student-athletes are already facing harassment and abuse for poor performance, but now Kalshi wants to put their transfer decisions and form on the line. This is absolutely unacceptable. It will put even more pressure on student-athletes and threaten the integrity of the competition and the recruitment process.”

When a college athlete enters the transfer portal, they formally indicate their interest in transferring to another school, which opens doors for other programs to contact them. According to ESPN, Kalshi stated in a filing with the Commodity Futures Trading Commission (CFTC) that transfer portal contracts would begin listing on Wednesday.

Charlie Baker said Wednesday that college athletes' "decisions and future should not be gambled on, especially in an unregulated market that does not follow the rules of any legitimate sports betting operator."

Kalshi refuted this claim. A spokesperson told The Block, "It's inaccurate to say we're unregulated. We are a federally regulated exchange, subject to the Commodity Exchange Act and its hundreds of regulations." According to Kalshi's website, the company is regulated as a Designated Contract Market, allowing trading in futures, swaps, and commodity options.

Kalshi and its main competitor Polymarket both offer event contracts that allow users to bet on the outcomes of college games, particularly football and basketball. (The Block)

According to a filing with the U.S. Securities and Exchange Commission (SEC), Bitwise Asset Management's Bitwise Sui ETF officially filed its Form S-1 registration statement on December 18, with document number 0001213900-25-123107, and was accepted by the SEC on the same day.

The S-1 filing, submitted by Bitwise Sui ETF as the applicant, includes 16 documents such as a registration statement, trust agreement, trust certificate, and related fee documents. The applicant is registered in Delaware but has its office in San Francisco, USA. This submission signifies that Bitwise has officially initiated the compliance registration process for Sui-related ETFs, and is still awaiting SEC review and approval.

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) this week released a new staff statement through its Division of Trading and Markets, providing operational guidance on regulated broker-dealers holding clients' crypto assets, and simultaneously released a frequently asked question document on crypto alternative trading systems (ATS).

Regarding custody, the SEC stated that as long as broker-dealers follow the informal standards outlined in the statement, including properly safeguarding client private keys and anticipating scenarios such as blockchain failures, 51% attacks, hard forks, or airdrops, regulatory action will not be taken. This guidance applies to crypto securities, including tokenized stocks and debt securities, but the definitions still require further clarification.

In addition, the SEC raised key regulatory concerns regarding trading and settlement activities on crypto ATSs. Hester Peirce, Commissioner and head of the SEC's Crypto Task Force, stated that trading platforms and market participants need to operate under clearly defined market structure rules to promote a fair and orderly market environment without imposing unnecessary burdens. (CoinDesk)

Odaily Planet Daily reports that Solana has officially announced that the NEAR Protocol token NEAR is now listed on Solana.

Odaily Planet Daily reports that decentralized broadband network protocol DAWN has announced the completion of a $13 million Series B funding round, led by Polychain Capital. The new funds will be used to expand the protocol's network coverage in the United States and to advance its international deployment.

DAWN, built on Solana, allows individuals and organizations to become network hosts by deploying wireless nodes, providing multi-gigabit broadband services to users and earning rewards based on coverage quality and actual demand. This model aims to break down the highly centralized infrastructure ownership structure of the traditional broadband industry, distributing network resources to the end-user side, and falls under the category of decentralized entity infrastructure (DePIN) applications.

Currently, DAWN's network covers over 4 million households in the United States and has launched an international pilot program in Accra, Ghana, focusing on areas where fiber optic deployment is costly and slow. The project has also launched a hardware device called Black Box, which functions as both a router and a decentralized infrastructure node, supporting multiple blockchain ecosystems and enabling home users to directly participate in broadband services and earn rewards. (CoinDesk)

According to Odaily Planet Daily, financial software company Intuit has signed a multi-year cooperation agreement with Circle to integrate USDC-based stablecoin payment functionality into its core products TurboTax and QuickBooks, in order to optimize the efficiency of fund transfers in tax refunds, corporate payments, and other financial services.

According to the agreement, Intuit will integrate with Circle's stablecoin infrastructure to achieve faster and lower-cost settlement processes. However, the official launch date has not yet been disclosed, nor has it been clarified whether users will directly hold USDC or use it only as a backend payment channel.

Intuit processes billions of dollars annually in tax refunds, payroll, invoicing, and small and medium-sized enterprise payments, serving over 100 million users. This partnership reflects the expanding use of stablecoins in the payments and financial software sectors. Previously, the U.S. passed the GENIUS Act, establishing the first federal regulatory framework for dollar-denominated stablecoins, further promoting the adoption of stablecoins like USDC in the mainstream financial system. (The Block)

Odaily Planet Daily reports that White House National Economic Council Director Hassett welcomed the November CPI report, stating that the US economy is showing signs of high growth and declining inflation. He said, "I'm not saying we're declaring victory on the price issue, but this is a surprisingly good CPI report." Hassett noted that wage growth is outpacing price growth, American taxpayers will see large tax refunds next year, and the government will help lower mortgage rates. He added, "The Fed has significant room to cut interest rates." Hassett, a leading candidate to succeed Powell as the next Fed chairman, also stated that the Fed should be more transparent in the future. "I think the Fed must double its transparency. Whoever leads the Fed should lay all the cards on the table so we can figure out what's really going on at that institution." (Jinshi)

According to Onchain Lens monitoring, a newly created wallet (0x1138...31C9) received 30,075 ETH from FalconX, worth $88.31 million. This wallet likely belongs to Bitmine.

According to Odaily, Canadian citizen Jarett Dunn has been sentenced to six years in prison by a London judge in connection with the $2 million Solana fraud case. He had previously pleaded guilty to charges of abuse of power fraud and transfer of criminal property.

The court stated that the former Pump.fun employee had been under electronic tagging for 308 days, 154 of which would count towards his sentence. He was also remanded in custody for approximately five months, which typically counts automatically towards his sentence.

This sentencing comes more than a year after Dunn stole approximately $2 million worth of Solana (SOL) from Pump.fun, a now-popular Meme coin platform where he was employed at the time. Instead of keeping the money for himself, Dunn distributed the funds to thousands of random addresses. He subsequently confessed to the crime on social media. As a result, the Canadian gained a large following, with fans calling him the "Crypto Robin Hood."

Dunn's path to sentencing was not smooth, with multiple postponements and recesses. This included Dunn's attempt to characterize the attack as a whistleblower action, claiming Pump.fun was a malicious website and that he was trying to warn people about it. However, with the verdict delivered, the judge appeared to disagree with this argument.

Pump.fun was a platform that allowed anyone to create cryptocurrency tokens in seconds after filling out a short form. Before the incident, Dunn had been a senior developer at Pump.fun for six weeks, during which time the platform, while gaining popularity, was still in its early stages. According to Dune data, Pump.fun's cumulative revenue at that time was $43.9 million, a figure that has since soared to $927.2 million.

Dunn's friend, Mark Kelly, who attended the trial, called the verdict "frustrating." Kelly told Decrypt that prosecutors dismissed the whistleblower's claims, calling them "post-arrest rhetoric." He added that while he thought Dunn's lawyers were "terrible," Dunn ultimately allowed the prosecution to "get away with it easily" due to his confessions on social media. "Everyone calm down, this is a robbery... I'm about to change history. Then go to jail and rot," Dunn wrote on X platform minutes after the attack. "Am I sane? No. Am I okay? Very bad." He then joined an X Spaces post saying he wanted to "kill" Pump.fun "because it's something to do." He further claimed, "It unintentionally hurt people for a long time." Kelly added that the judge "fully considered" this in the sentencing.

Four days after the attack, Dunn was arrested at a London hotel not far from the WeWork office operated by Pump.fun, where he was during the attack. Dunn was immediately deemed unfit for police questioning and spent two weeks in hospital to improve his mental health, after having stopped taking medication for several months.

Dunn subsequently pleaded guilty in August 2024, but attempted to withdraw his guilty plea at a sentencing hearing two months later. This abrupt change led to the resignation of his legal team.

The Canadian citizen then spent months under police surveillance searching for a new legal team. He was imprisoned in July 2025 for violating his bail conditions and subsequently pleaded guilty again in August. Since then, he has been awaiting sentencing at HMP Pentonville Jail and has been communicating with his followers through a so-called "intern" running his X account.

On Thursday, Dunn was sentenced to two six-year prison terms, to be served concurrently, for fraud and transferring criminal property.

He has not yet issued a statement through his "intern," but Dunn had previously stated that he wanted to be immediately deported back to Canada. However, this has not been the case, and Dunn remains in custody in London. (decrypt)

Odaily reports that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Danh C. Vo, founder and CEO of Bitcoin mining company VBit Technologies Corp., accusing him of misappropriating approximately $48.5 million in a fraudulent investment project. SEC filings show that Vo and VBit raised over $95.6 million from approximately 6,400 investors and misrepresented the Bitcoin mining business model and the intended use of funds in their promotional materials.

The SEC pointed out that Vo promoted so-called "custody agreements" to investors, claiming they offered ordinary investors a solution for passively earning mining rewards without managing equipment. However, the number of custody agreements sold far exceeded the actual scale of the mining machines the company operated. The regulator believes that Vo knowingly or disregarded the facts and continued to make misleading statements to investors.

In addition, the SEC disclosed that Vo transferred approximately $5 million to his family and former spouse and left the United States in November 2021. The SEC filed charges against him for unregistered securities offering and fraud. VBit was acquired in 2022, and its mining operations have ceased. (The Block)

According to The Data Nerd, as reported by Odaily, Resolv_Labs withdrew 4,658 ETH (approximately $13.35 million) from Binance one hour ago. In the past week, he has withdrawn a total of 13,269 ETH (approximately $39.4 million) from Binance.

According to data from msx.com, at the opening of the US stock market, the Dow Jones Industrial Average rose 0.67%, the S&P 500 rose 0.95%, and the Nasdaq Composite rose 1.49%. Cryptocurrency stocks generally rose, with Hut 8 up 8.98%, BitMine up 7.95%, ALTS 5 up 9.68%, and CRCL up 6.2%.

It is understood that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stock and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.