24-Hour Hot Cryptocurrencies and News | Caixin: Issuance and Use of U-cards in China Face Special Legal Risks; Bank of Japan Governor: Inflation Target Approaching, Further Interest Rate Hikes to Be Seek (December 26)
- 核心观点：市场呈现分化，监管与技术动态并存。
- 关键要素：
- 主流币种涨跌互现，NFT市场估值大跌72%。
- 俄罗斯交易所计划开展加密交易，香港拟增设监管牌照。
- 多个项目与平台出现安全事件及代币估值调整。
- 市场影响：短期市场情绪谨慎，长期监管框架逐步成型。
- 时效性标注：短期影响
1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: +1.47%
- ETH: +1.28%
- BNB: -0.52%
- DOGE: -1.58%
- SOL: +0.65%
- ADA: -0.98%
- FIL: -2.50%
- SUI: -0.23%
- XRP: +0.19%
- ASTER: +0.43%
24-hour gainers list (data source: OKX):
- ULTI: +13.68%
- AIXBT: +8.64%
- 2Z: +7.19%
- ACT: +6.01%
- WLFI: +5.91%
- TNSR: +4.21%
- SPK: +4.17%
- SD: +3.68%
- API3: +3.64%
- MET: +3.36%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- QNTM.M: +18.11%
- HUT.M: +15.28%
- RGTI.M: +14.65%
- FLY.M: +14.08%
- QUBT.M: +13.04%
- FFAI.M: +12.5%
- ABTC.M: +11.24%
- HYPD.M: +11.17%
- ABTS.M: +11.11%
- IONQ.M: +10.95%
2. Top 5 most popular on-chain memes (data source: GMGN ):
- Beat
- RLS
- LAB
- GUA
- XPIN
Headlines
Elon Musk posted on the X platform that the US economy could achieve double-digit growth within 12-18 months, and if applied intelligence can be used as an indicator of economic growth, it could even achieve triple-digit growth within five years. This signal has attracted attention from the crypto community, including ProCap Chairman Anthony Pompliano. Bitcoin holders typically pay attention to macroeconomic signals, such as economic growth forecasts and central bank policies, to judge how broad economic trends will affect Bitcoin price movements. This year, the Federal Reserve's interest rate cuts have been one of the catalysts closely watched by investors, as a loose financial environment could push up the prices of risky assets.
Caixin: Issuance and use of U-cards in China carries unique legal risks.
On December 25th, Caixin published an article titled "The Secret and Fatal Risks of the U-Card Popularity on Xiaohongshu." The article points out that users can use bank cards bearing the Visa logo to make payments such as ChatGPT Plus subscription fees, with the deductions completed through USDT in their cryptocurrency wallets. These overseas bank cards, commonly known as "U-cards," are a type of overseas bank card that uses USD stablecoins for payments. The Caixin article points out that issuing and using U-cards within China carries a unique layer of legal risks.
Bank of Japan Governor Kazuo Ueda said on Thursday that the central bank is gradually approaching its 2% inflation target and reiterated its stance of seeking further interest rate hikes. In his speech, he stated, "Against the backdrop of a tightening labor market, corporate wage and pricing behavior has changed significantly in recent years, and the 2% price stability target, which accompanies wage growth, is steadily approaching." He expressed confidence in Japan's wage-price dynamics, noting that "the possibility of the Japanese economy returning to a so-called zero-normal state (i.e., wages and prices remaining almost unchanged) seems to have decreased significantly." Ueda stated that if economic and price forecasts meet expectations, the central bank will further adjust monetary policy. He added that adjusting monetary policy at an appropriate pace will help the central bank smoothly achieve its inflation target while promoting long-term growth and laying the foundation for businesses to build confidence in their operations.
Synthetix and Infinex founder Kain Warwick announced on the X platform that Infinex has lowered the valuation of its Sonar token sale on Echo from the initial $300 million to $99.99 million to better adapt to the current market environment. He pointed out that the original FDV was considered too high by the market, and the adjustment will help improve the project's attractiveness and prepare for the subsequent TGE. Kain also stated that the early exit mechanism was originally designed as an incentive, but due to the high pricing feedback, the relevant exit price will be gradually reduced from $300 million at TGE to approximately $100 million, while the lock-up period will remain unchanged at one year. Due to the reduced FDV, the overall allocation of the Sonar sale has decreased, making it impossible to guarantee the original priority allocation arrangement for Patron NFT holders. Kain emphasized that this adjustment aims to attract more new participants, rather than just targeting existing holders. Infinex plans to open registration for the INX token sale on December 27 and officially launch the sale on January 3. The target valuation is $99.99 million, and it plans to sell 5% of the total supply, aiming to raise $5 million. The tokens will be locked for one year. After the sale ends, another 2% of the tokens will be sold through Uniswap at a valuation of approximately $100 million.
WSJ: The Trump era has spawned a "pardon trade" industry, and CZ is one of the beneficiaries.
According to lobbyists close to Trump, the market price for lobbying for a presidential pardon is $1 million, and CZ was one of the beneficiaries of the informal presidential pardon path during Trump's second term. It is understood that some wealthy lobbyists or those with political connections can bypass the traditional pardon process through this route. Lobbyist Ches McDowell stated that Donald Trump Jr. did not help him seek a pardon for CZ, but a week later Trump officially signed the pardon order, causing a huge uproar in Washington. CZ's lawyer, Teresa Goody Guillén, stated that the pardon was unrelated to any business decision and was entirely based on impartiality. A Binance representative stated that the company's involvement in World Liberty Financial's related products was "limited," confined to "contractual terms that also apply to other projects."
CryptoQuant analyst Darkfost released analysis data showing that in December, the inflow of Bitcoin from whales on the Binance platform dropped from approximately $7.88 billion to $3.86 billion, a decrease of half in just a few weeks. This sharp contraction indicates that the largest holders are significantly slowing down the pace of depositing Bitcoin into Binance. Given their strong influence on market dynamics, this is an important signal, usually meaning that their selling pressure is also decreasing.
Industry News
According to CoinGecko data, the NFT market fell to its lowest point in 2025 in December, with a total valuation of only $2.5 billion, a sharp decline of 72% from its January peak of $9.2 billion. Market participation shrank significantly, with CryptoSlam data showing a continued decrease in the number of buyers and the number of sellers falling below 100,000 for the first time since April 2021.
Mainstream blue-chip NFT projects such as CryptoPunks and Bored Ape Yacht Club have seen prices fall by 12%-28% over the past 30 days. Notably, art-related NFTs have performed relatively steadily, with the newcomer Sports Rollbots successfully entering the top ten by market capitalization, with a starting price of $5,800 and a total valuation exceeding $58 million, replacing Mutant Ape Yacht Club.
Over the past week, whales have purchased a total of 220,000 ETH, worth approximately $660 million.
According to analyst Ali Charts, whales bought 220,000 ETH in the past week, worth approximately $660 million.
Bitcoin mining difficulty increased by 0.04% to 148.26 T.
Bitcoin mining difficulty will be adjusted at block height 929,376 (11:48:06 Beijing time today), increasing by 0.04% to 148.26 T. The average hashrate of the entire network over the past seven days is currently 1.08 ZH/s.
Two Russian stock exchanges, the Moscow Exchange (MOEX) and the St. Petersburg Exchange (SPB), have expressed their support for the Central Bank of Russia's cryptocurrency regulatory plan and are prepared to launch cryptocurrency trading once the relevant regulations take effect in 2026. It is understood that qualified investors will be able to purchase any cryptocurrency except privacy coins without limit, while ordinary investors will be capped at 300,000 rubles (approximately $4,000) per year. Both exchanges have confirmed that they possess the appropriate technological infrastructure to launch crypto asset trading immediately once the regulatory framework is established. Under the new regulatory concept proposed by the Central Bank of Russia, cryptocurrencies will be defined as "monetary assets," and trading will be conducted through Russia's existing financial infrastructure.
Sifang Jingchuang announced that it has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CMB International and Guosen Securities (Hong Kong) acting as joint sponsors. According to the prospectus, its services cover three main areas: financial technology software development services, consulting services, and system integration services. These include financial infrastructure services supporting payment and settlement systems, and financial technology innovation services utilizing blockchain and artificial intelligence to design and deploy new digital financial systems. (Aastocks)
Trip.com, the overseas version of Ctrip, has launched stablecoin payment functionality, currently supporting hotel and flight bookings using USDT and USDC. This payment feature is powered by Triple-A, a licensed crypto payment institution in Singapore, covering multiple public blockchains including Ethereum, Tron, Polygon, Solana, Arbitrum One, and TON. Users booking hotels with USDT only need their name and email address to complete the order, without needing to fill in detailed personal information; however, purchasing flights still requires providing passport information and other details as required by aviation industry regulations. (Foresight News)
Cryptocurrency exchange Upbit announced that it plans to conduct a digital asset/deposit audit and server maintenance on January 1, 2026, and will then cease operations.
Server maintenance time: January 1, 2026 (Thursday) 02:00～08:00
Korean Won deposits and withdrawals will be suspended from 02:00 to 08:00 on January 1, 2026 (Thursday).
Digital asset deposit and withdrawal services will be suspended from 20:00 on December 31, 2025 (Wednesday) to 08:00 on January 1, 2026 (Thursday).
Project News
ZachXBT: Hundreds of Trust Wallet users have had at least $6 million stolen.
According to blockchain detective ZachXBT, hundreds of Trust Wallet users have had their assets stolen, with losses amounting to at least $6 million. Multiple addresses involved in the theft have been identified, spanning the EVM, Bitcoin, and Solana chains. ZachXBT stated that if Trust Wallet is determined to be responsible for the incident, he hopes they will provide compensation to all affected users.
Uniswap's "Proposal to Activate Fee Switch" has passed its final governance vote. After a two-day lock-up period, the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering the burning of UNI tokens. The proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase returns for liquidity providers.
Polymarket has detected and resolved a security issue affecting a "small number of users" caused by a vulnerability introduced by a third-party authentication provider. Previously, multiple Polymarket users reported on Reddit and the X platform that their accounts experienced unauthorized logins, funds were wiped out, and trading positions were forcibly closed.
The affected users were primarily those who logged in via email through Magic Labs. Some victims reported that despite enabling two-factor authentication (2FA) and their devices not being illegally accessed, their accounts were still stolen after multiple abnormal login attempts. Polymarket has confirmed that the vulnerability has been fixed and there is currently no persistent risk. The platform is directly contacting affected users. Previously, in late 2024, the platform also experienced a similar incident where some users logging in via Google had their assets stolen due to a third-party plugin vulnerability.
Evernorth, backed by Ripple, faces a paper loss of approximately $220 million on its XRP holdings.
Evernorth, the Ripple-backed XRP treasury entity, has purchased approximately 389 million XRP, investing about $947 million. Based on the current XRP price of $1.86, its holdings are worth approximately $724 million, resulting in an unrealized loss of about $220 million. The price of XRP has fallen by about 16% in the past 30 days, despite continuous net inflows into US-listed XRP ETFs since their launch, absorbing over $1 billion in total.
HaLLu: Trading will officially begin on January 2, 2026.
According to the latest official announcement, HaLLu will officially launch trading on January 2, 2026, supporting major exchanges to open trading pairs.
Meanwhile, the team stated that any tokens not sold during the pre-sale phase will be transferred to a black hole address and permanently destroyed after the listing, thus ceasing circulation. This is intended to further reduce the circulating supply and protect the interests of holders.
Investment and Financing
On December 25, according to an announcement from the Hong Kong Stock Exchange, Tianji Holdings, a Hong Kong-listed company, issued a supplementary announcement regarding a financing agreement. The announcement disclosed that Tianji Holdings intends to use 16.6% (approximately HK$10 million) of the net proceeds from the subscription of warrant shares, amounting to approximately HK$60 million, to expand its sports intellectual property projects based on Web3 and AI, including the development and design of physical and digital intellectual property products related to La Liga clubs. Tianji Holdings stated that it will apply Web3 blockchain technology to put intellectual property on the blockchain and create a tamper-proof and traceable digital identity for each intellectual property product.
Regulatory Trends
Hong Kong proposes to adjust its virtual asset licensing system and add two new types of licenses.
The Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission (SFC) jointly announced that, in addition to issuing licenses to regulate "virtual asset trading" and "virtual asset custody" under the Anti-Money Laundering Ordinance (AMLO) as per the existing regulatory framework, they are also preparing to establish two additional types of licenses. The new licenses will respectively regulate "providing advice on virtual assets" and "virtual asset management," and a one-month public consultation will begin immediately. According to public consultation suggestions, the establishment of new licenses for "providing advice on virtual assets" and "virtual asset management" effectively separates the regulation of these two activities from the original "virtual asset trading" license. (Caixin)
Hong Kong Legislative Council member Ng Kit-chung posted on the X platform, stating: "We welcome the Hong Kong SAR Government's Financial Services and the Treasury Bureau's formal consultation on legislative proposals to promote new developments in digital asset trading and digital asset trading and custody services. This represents a further clarification of relevant digital asset regulatory activities and responds to market demands and ideas. In the past, consultations with the industry regarding the future of related over-the-counter trading and custody services have yielded many opinions. This proposed legislation will not only establish the legitimacy of crypto and digital asset over-the-counter trading and custody services, allowing the industry to conduct business in a more compliant manner, but also combat suspected fraudulent activities under the guise of related activities."
Character voices
Wintermute founder: Will vote against the Aave "governance control" proposal.
Wintermute founder Evgeny Gaevoy stated in an article on X that AAVE accounts for a significant portion of Wintermute's investment portfolio, and that neither he nor Wintermute holds any equity in Aave Labs.
Regarding the currently hotly debated "brand control" vote, Evgeny stated that there is a significant misalignment in expectations between AAVE Labs and a considerable number of AAVE token holders regarding "who should capture what value," and if this misalignment is not resolved, the token will struggle to continue its development. However, the current escalation of the conflict is both unnecessary and highly destructive. Choosing a course of action before clarifying specific implementation details is meaningless, and much politicization has occurred surrounding this vote. While Stani's communication was indeed inadequate, he believes the other side's criticism is clearly excessive and directly harms the token price; this is not something that should be rushed into.
For the reasons mentioned above, Wintermute will vote against this proposal, but we do hope that AAVE Labs will take this issue seriously and seriously consider how to solve the problem of token value capture in the long term.
AllianceDAO co-founder QwQiao published an article on the X platform stating that some believe new payment channels such as stablecoins have the potential to replace card organizations like Visa and Mastercard, arguing that merchants bear approximately 3% of transaction costs. However, this assessment overlooks the fee distribution structure. He points out that in a $100 transaction with approximately $3 in fees, about $1.80 returns to the consumer as cashback or points, about $0.45 goes to the issuing bank, about $0.60 goes to the acquiring bank, and the card organization receives only about $0.15. QwQiao argues that this structure creates a stable incentive relationship between consumers, banks, and card organizations within the same network, while the associated costs are primarily borne by merchants with relatively weaker bargaining power. This is one of the key reasons why traditional card payment networks have maintained economies of scale for so long.
Dragonfly Partner: Can Solana and Ethereum coexist in the tokenization race?
In a recent interview with CNBC's "Squawk Box," Dragonfly partner Rob Hadick stated that Solana and Ethereum can coexist in the tokenization race. He pointed out that most stablecoins and the majority of on-chain economic activity currently reside on Ethereum, but Solana handles the majority of transaction volume. He argued that it is now unlikely that a single, definitive blockchain will emerge, as no single chain can scale large enough to fulfill this role. He added that cryptocurrency platforms will switch between Solana and Ethereum blockchains as business needs change to adapt to different application scenarios.
Liquid Capital founder Yi Lihua posted on the X platform: "Floating losses are short-term; the long-term trend is a bull market. First, from buying the dip this year, to selling the top before 1011, and now buying the dip again, we have always been transparent and consistent in our words and actions. Second, we are not blindly confident in large-scale bottom-fishing because our previous operations were correct. The team's daily research results all indicate that we are currently in the bottom range, and 2026 will be a major bull market. Finally, as I said before, we don't want to miss the opportunity for thousands of dollars in gains due to fluctuations of a few hundred dollars. We will continue to buy ETH on dips with $1 billion."
Nano Labs founder: Bitcoin bear market bottoms often appear around Christmas.
Jack Kong, founder of Nano Labs, stated in an article on the X platform that Bitcoin's price has increased nearly 400,000 times in 14 years, from $0.25 in 2010 to $98,200 in 2024. Historical data shows that Bitcoin bear market bottoms often occur around Christmas, such as $319 in 2014, $3,815 in 2018, and $16,831 in 2022. The predicted $88,000 in 2025 represents a pullback compared to 2024, which may reflect market expectations of a cyclical adjustment. From a macro perspective, this volatility is precisely a characteristic of the growth of digital assets as emerging stores of value.
On-chain analyst: MEXC confirms Lighter will conduct TGE on December 29th.
On-chain analyst Andrew 10 GWEI posted on the X platform that MEXC has officially confirmed through the Launchpad project LIT that the Lighter TGE date is December 29th. He also pointed out that in Polymarket-related betting events, the probability of Lighter reaching $1 billion FDV within one day of launch and the airdrop before December 31st has not yet risen to 99%. The MEXC TGE allocation is 17,500 tokens, and the token airdrop will be distributed to spot accounts within 30 minutes after allocation ends, but the start date for trading has not been specified.
Odaily Planet Daily reminds readers that specific criteria for predicting market trends may influence the outcome of betting events. The above information is for sharing opinions only and does not constitute investment advice.
