Must-watch next week | Encryption-related policies will officially take effect in multiple regions; Lighter expects TGE (December 29 - January 4) to come soon.
- 核心观点：下周市场面临密集监管与项目动态。
- 关键要素：
- Lighter项目TGE与空投细节公布。
- 多国将于2026年实施加密新法规。
- 美联储将公布会议纪要影响市场预期。
- 市场影响：短期关注项目动态，长期聚焦监管合规。
- 时效性标注：短期/长期影响。
Key Highlights for Next Week
December 29
Lighter is expected to conduct TGE on December 29th ;
December 30
December 31
January 1
Lithuania will begin cracking down on unlicensed encryption companies starting January 1, 2026 .
The following are details of other noteworthy events in the industry from December 29 to January 4.
December 29
Lighter is expected to hold a TGE on December 29th.
According to Odaily Planet Daily, on-chain analyst Andrew 10 GWEI stated on the X platform that MEXC has officially confirmed the Lighter's TGE date as December 29th through the Launchpad project LIT.
In addition, Pilla.eth, the marketing lead for the Lighter team, also shared some details about the Lighter TGE during an AMA event themed around it. These details included that the TGE and airdrops will take place in 2025, with the airdrops accounting for 25% of the total supply and having no lockout restrictions.
1. TGE and airdrops will take place in 2025, with airdrops accounting for 25% of the total, and there will be no lockout restrictions.
2. No claim is required for the airdrop; the points will be directly deposited into the Lighter wallet of the holder.
3. 50% of the token supply will be provided to the community. More details on the token economics will be released gradually. There will be token buybacks, but the specific amount is yet to be determined.
4. Initially, LIT tokens could only be traded on the Lighter platform. Coinbase and Bybit have added LIT to their roadmaps, and the team will not pay for listing.
5. There will be no official Lighter NFT, but some community NFTs (such as Fuego) will be recognized. The Meme coin airdrop is also a rumor.
Odaily Planet Daily reports that Hedong Financial issued an announcement from the Blue Sky Green case liquidation task force, stating that in order to protect the legitimate rights and interests of participants in the fundraising scheme, it will conduct verification and confirmation work for unregistered participants.
The verification and confirmation period is from October 31, 2025 to December 29, 2025. The verification targets include unregistered participants and those who have registered but not yet confirmed their participation. Participants who have already completed registration and confirmation are not included in this scope. The verification results will serve as the basis for the return of funds; failure to confirm within the specified period will result in adverse consequences for the participant.
December 30
According to Odaily Planet Daily, the Federal Reserve will release the minutes of its monetary policy meeting at 03:00 Beijing time on Tuesday, December 30.
With Christmas and New Year's Day just around the corner, no Federal Reserve officials will speak next week, as will other major central banks. However, the minutes of the Fed's December meeting will be closely watched, with investors hoping to find any clues about when the Fed will cut rates next and how concerned the policymakers who voted to keep rates unchanged are about inflation.
According to Odaily, the Italian Securities and Exchange Commission (OAM) has announced that Virtual Asset Service Providers (VASPs) registered in Italy must submit an application by December 30, 2025, to transform into regulated Crypto Asset Service Providers (CASPs) if they wish to continue operating.
Binance will remove FDUSD margin trading pairs such as EIGEN and ARB on December 30.
According to an official announcement, Binance Margin will remove several margin trading pairs on December 30, 2025 at 06:00 (UTC). This includes 10 cross-margin pairs such as EIGEN/FDUSD, ARB/FDUSD, and TRUMP/FDUSD, and 8 isolated margin pairs such as EIGEN/FDUSD, ARB/FDUSD, and POL/FDUSD. The platform will suspend lending and borrowing for these isolated margin pairs on December 24 at 06:00 (UTC) and will automatically close, settle, and cancel all pending orders on December 30 at 06:00 (UTC). Users must close their positions or transfer their assets before this time.
Web3 game studio ChronoForge plans to shut down operations on December 30.
Odaily reports that Web3 game studio ChronoForge has announced its closure on December 30th due to its inability to secure external funding or find an acquirer. The studio had previously developed a multiplayer action role-playing game based on Immutable and Raid, and received support from the RIFT Foundation. However, the project was ultimately shelved due to incomplete game development.
December 31
Odaily Planet Daily reports that Binance will cease its Binance Live platform service on December 31, 2025. Binance Square will continue to provide live streaming services afterward. The Binance Live web and app versions will become inaccessible from 07:59 (UTC+8) on January 1, 2026. Streamers who have created at least one Binance Live stream between the date of this announcement and 08:00 (UTC+8) on December 1, 2025 will automatically gain access to Binance Square live streaming at 08:00 (UTC+8) on December 1, 2025. All points, gifts, and vouchers on Binance Live will expire after 07:59 (UTC+8) on January 1, 2026.
Binance: Zero-fee offer for third-party custody services will continue until December 31, 2025.
Odaily Planet Daily reports that Binance has announced the official launch and full operation of Third-Party Custody, an institutional custody solution that holds fiat currency and traditional financial (TradFi) collateral in a regulated third-party bank while allowing users to trade on Binance. The latest version lowers the entry barrier, requiring no trading volume commitment and waiving service fees for staked funds until December 31, 2025.
Binance's third-party bank custody is a high-trust custody framework designed for institutions. It allows clients to hold more traditional collateralized assets (such as fiat currency and US Treasury bonds) in dedicated corporate accounts at regulated third-party banks without transferring these assets to the trading platform. Meanwhile, clients can still obtain equivalent trading volume on Binance to conduct transactions.
Karak has been renamed OpenGDP, and its K2 service will cease operation on December 31.
According to Odaily Planet Daily, Karak has been renamed OpenGDP, and its K2 service will officially cease operations on December 31, 2025.
Hats Finance will cease centralized hosting operations for its front-end and servers on December 31.
Odaily Planet Daily reports that decentralized security project Hats Finance announced on the X platform that it will be shutting down its custodial operations. This is because it believes continuing to operate the centralized user interface (UI) and servers is unsustainable, and there are currently no plans to adopt a new legal or operational framework to continue this custodial architecture. The current arrangements are as follows: the user front-end and back-end (UI and servers) hosted by Hats.finance are expected to be taken offline by December 31, 2025, and most of the functionality relying on this custodial architecture will be phased out; the Hats protocol will remain deployed on-chain and managed by the DAO, with core contracts designed to continue running as code.
January 1
According to Odaily Planet Daily, the Hong Kong Monetary Authority (HKMA) recently issued a circular confirming that new bank capital regulations based on the Basel Committee on Banking Supervision's (BBS) crypto asset regulatory standards will be fully implemented in Hong Kong from January 1, 2026. This includes not only Bitcoin and Ethereum, which are considered crypto assets under the BBS definition, but also RWAs and stablecoins. Industry insiders point out that Ethereum is a typical example of permissionless blockchain technology, and almost all mainstream stablecoins and an increasing number of RWAs are generally issued on public blockchains. With the new regulations expected to be implemented as scheduled, the willingness of Hong Kong banks to hold such stablecoins or RWAs will inevitably be affected.
However, both the Basel Committee and the Hong Kong Monetary Authority have clarified that the Basel crypto asset regulatory standards generally will not impose credit risk or market risk regulatory capital requirements on crypto assets held by banks for their clients, provided that the clients' crypto assets are segregated from the banks' own assets. (Caixin)
Odaily Planet Daily reports that the Vietnamese National Assembly approved the "Digital Technology Industry Law" on June 14, bringing digital assets under its regulatory purview. The law, which will take effect on January 1, 2026, recognizes crypto assets and lays the foundation for broader digital innovation across Vietnam. The law categorizes digital assets into two types: virtual assets and crypto assets. While both rely on encryption or digital technologies for verification and transfer, neither includes securities, digital fiat currencies, or other financial instruments. Currently, the regulatory body's task is to outline the specific business conditions, classification, and supervisory mechanisms for these asset types. (Cointelegraph)
Lithuania will begin cracking down on unlicensed encryption companies starting January 1, 2026.
Odaily Planet Daily reports that the Lithuanian central bank, Lietuvos Bankas, has warned that from January 1, 2026, all institutions providing cryptocurrency-related services in the country must hold a MiCA license, or they will be considered operating illegally. The transition period ends on December 31, 2025. Non-compliant platforms may face fines, website bans, and in serious cases, criminal prosecution, with a maximum penalty of four years imprisonment. The regulator requires businesses that do not intend to continue operating to exit the market in an orderly manner and properly handle user assets. To date, of the more than 370 registered cryptocurrency companies in Lithuania, only about 30 have submitted license applications. (Cryptopolitan)
According to Odaily, Turkmen President Serdar Berdimuhamedov has signed a new bill aimed at regulating the cryptocurrency industry, which will take effect in 2026. This move marks a significant policy shift in one of the world's most closed economies.
The law legalizes cryptocurrency trading, but also establishes strict requirements for cryptocurrency exchanges and custody services, including licensing, Know Your Customer (KYC), Anti-Money Laundering (AML), and cold storage, and prohibits credit institutions from providing crypto services. The state has the power to suspend, revoke, or force the return of token issuances. Furthermore, cryptocurrency mining and mining pool operations require registration, and clandestine operations are prohibited. The bill also states that the country's central bank can authorize distributed ledgers or run its own, potentially forcing citizens to use licensed and monitored infrastructure. The law explicitly states that cryptocurrencies are neither legal tender, currency, nor securities in Turkmenistan, and categorizes digital assets into backed and unbacked types. (Cointelegraph)
Odaily Planet Daily reports that cryptocurrency exchange Upbit has announced it will conduct a digital asset/deposit audit and server maintenance, and will cease operations on January 1, 2026.
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 Thursday, January 1, 2026.
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).
January 2
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.
January 3
None available
January 4
None available
