1. Bloomberg: Hong Kong plans to introduce new regulations for insurance companies' investments in crypto assets and infrastructure;
2. Market News: Polymarket plans to launch Ethereum L2 services and migrate from Polygon;
3. Uniswap: The proposal to switch protocol fees has reached the threshold for approval and will take effect this week;
4. Five wallets deposited $8.2 million worth of LIGHT into Bitget, and the token's 24-hour liquidation volume reached $16.17 million;
5. The Federal Reserve seeks to solicit opinions on payment accounts, which could allow crypto companies direct access to the central bank system;
6. The Aave DAO community initiated the ARFC proposal, suggesting that token holders regain full control of the Aave brand assets;
7. Bitcoin Core Developer: Quantum computers will not disrupt Bitcoin in the short term; protocol modifications will take 5 to 10 years.
8. Bitcoin spot ETFs saw a net outflow of $497 million last week, with BlackRock's IBIT experiencing the largest net outflow at $240 million;
9. Ethereum spot ETFs saw a net outflow of $644 million last week, with BlackRock ETHA leading the way with a net outflow of $558 million.
According to Lookonchain, five addresses deposited 8.84 million LIGHT tokens, worth $8.2 million, into Bitget in the past seven hours.
The price of LIGHT surged from $1.35 to $4.75 in the past three days before falling below $1 in less than two hours. In the past 24 hours, LIGHT saw $16.17 million in liquidations, second only to BTC and ETH.
According to Odaily Planet Daily, the Uniswap protocol fee switch proposal, UNIndication, has reached the threshold of 40 million votes to pass and is expected to officially take effect later this week. As of Monday morning, it had nearly 62 million votes in favor, and voting will end on December 25th. Uniswap Labs CEO Hayden Adams stated that after the vote passes, there will be a two-day time lock phase, during which the Unichain mainnet's Uniswap v2 and v3 fee switches will be turned on, triggering the burning of UNI tokens. The proposal includes burning 100 million UNI tokens from the Uniswap Foundation treasury and implementing a protocol fee discount auction system to increase returns for liquidity providers. As a result, UNI rose by approximately 25% after the vote began, currently priced at $6.18.
Odaily Planet Daily reports that spot gold has broken through $4,400 per ounce for the first time, accumulating a gain of nearly 68% so far this year. (Golden Ten)
According to Odaily Planet Daily, the Federal Reserve is seeking public input on establishing a special-purpose payment account. This account aims to provide eligible financial institutions, including crypto and fintech companies, with direct access to the central bank's payment system for clearing and settlement operations.
Federal Reserve Governor Christopher J. Waller stated that the new payment account will support innovation and ensure the security of the payment system. Unlike traditional general-purpose master accounts, this account will not pay interest, will not have overdraft permissions, and will have a balance limit, but its approval process will be more streamlined. The 45-day public comment period aims to respond to the evolution of payment methods and improve system efficiency.
According to Odaily Planet Daily, Bruce, founder of MSX, posted on the X platform on December 22 that BTC selling pressure has recently encountered resistance, marginal selling pressure has dried up, and there is actual capital absorbing the chips below, rather than emotional buying. He is bullish on this.
According to Odaily Planet Daily, @polymarketbet posted on the X platform that Mustafa, a member of the Polymarket team, announced important information on the Discord community: Polymarket plans to migrate from Polygon and launch an Ethereum L2 service called POLY, which is currently the top priority.
Mustafa stated that Polymarket plans to abandon all third-party vendors, including GoldSky and Alchemy, and will complete the migration as soon as possible. Furthermore, Polymarket will launch a 5-minute marketplace this week.
According to an official announcement, Bitget has launched USDT-based IR and ZKP perpetual contracts, with a maximum leverage of 20x. Contract trading bots will also be available simultaneously.
According to data from SoSoValue, the XRP spot ETF saw a net inflow of $82.04 million last week (December 15-19, Eastern Time).
The XRP spot ETF with the largest net inflow last week was the 21Shares XRP ETF TOXR, with a weekly net inflow of $23.05 million and a historical total net inflow of $23.05 million; followed by the Franklin XRP ETF XRPZ, with a weekly net inflow of $17.17 million, and the current historical total net inflow of XRPZ is $202 million.
As of press time, the XRP spot ETF has a total net asset value of $1.21 billion, an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 0.98%, and a historical cumulative net inflow of $1.07 billion.
According to data from SoSoValue, the SOL spot ETF saw a net inflow of $66.55 million last week (December 15th to December 19th, Eastern Time), with none of the seven ETFs experiencing net outflows.
The SOL spot ETF with the largest net inflow last week was the Fidelity SOL ETF FSOL, with a weekly net inflow of $49.66 million and a historical total net inflow of $104 million; followed by the Bitwise Solana spot ETF BSOL, with a weekly net inflow of $8.33 million and a historical total net inflow of $617 million.
As of press time, the SOL spot ETF has a total net asset value of $947 million, an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 1.32%, and a historical cumulative net inflow of $743 million.
According to data from SoSoValue, Ethereum spot ETFs saw a net outflow of $644 million last week (December 15-19, Eastern Time), with none of the nine ETFs experiencing net inflows.
The Ethereum spot ETF with the largest net outflow last week was BlackRock ETF ETHA, with a weekly net outflow of $558 million. ETHA's historical total net inflow has reached $12.67 billion. The second largest was Grayscale Ethereum Trust ETF ETHE, with a weekly net outflow of $32.36 million. ETHE's historical total net outflow has reached $5.05 billion.
As of press time, the Ethereum spot ETF has a total net asset value of $18.21 billion, with an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 5.04%, and a cumulative net inflow of $12.44 billion.
According to data from SoSoValue, Bitcoin spot ETFs saw a net outflow of $497 million last week (December 15-19, Eastern Time).
The Bitcoin spot ETF with the largest net inflow last week was the Fidelity ETF FBTC, with a weekly net inflow of $33.15 million. The total historical net inflow of FBTC has now reached $12.21 billion.
The Bitcoin spot ETF with the largest net outflow last week was BlackRock ETF IBIT, with a weekly net outflow of $240 million. IBIT's historical total net inflow has reached $62.49 billion. The second largest was Bitwise ETF BITB, with a weekly net outflow of $115 million. BITB's historical total net inflow has reached $2.17 billion.
As of press time, the total net asset value of Bitcoin spot ETFs was $114.87 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.53%, and a cumulative net inflow of $57.41 billion.
Odaily reports that the Hong Kong Insurance Authority has proposed new regulations aimed at guiding insurance funds into the crypto asset and infrastructure sectors. According to a presentation document dated December 4th, the regulator plans to impose a 100% risk capital requirement on crypto assets, while the risk capital requirement for stablecoin investments will be determined based on the fiat currency pegged to the stablecoin under Hong Kong's regulatory framework.
The Hong Kong Insurance Authority stated that it initiated a review of the risk capital regime this year, with the primary objective of supporting the insurance industry and broader economic development. The proposal is expected to undergo public consultation from February to April next year, followed by legislation. Furthermore, the new regulations also address infrastructure investment incentives, proposing capital concessions for investments in infrastructure projects in Hong Kong, mainland China, or those linked to Hong Kong (such as new town developments in the Northern Metropolitan Area), to support the Hong Kong SAR government's local infrastructure development plans. As of 2024, the total premium income of the Hong Kong insurance industry is estimated at approximately HK$635 billion.
According to an official announcement, BitMart will launch ZKPUSDT, GUAUSDT, and IRUSDT perpetual contracts on December 22, 2025 at 15:00 (UTC+8), supporting leverage up to 40x.
According to Odaily Planet Daily, rnesto Boado has launched an ARFC proposal in the Aave DAO community, suggesting that AAVE token holders regain full control of Aave brand assets, including domain names, social media accounts, and naming rights.
The proposal requires any third parties currently controlling these assets, including Aave Labs and BGD Labs, to transfer ownership to a legal entity controlled by the DAO. This includes the aave.com domain, the aave account on the X platform, the GitHub organization, and the naming rights to products related to "Aave." This move aims to prevent third parties from using brand assets for private profit and ensure that asset use aligns with the DAO's interests. If any party refuses to cooperate, the DAO will pursue legal action. The asset transfer is intended to be carried out by a third-party entity independent of the service provider.
Odaily Planet Daily reports that the Guangzhou Municipal Committee of the Communist Party of China has released its recommendations on formulating the 15th Five-Year Plan for National Economic and Social Development of Guangzhou. The recommendations include accelerating the construction of a strong financial city. This involves building a modern financial service system that is more internationally competitive and commensurate with the core engine function of the Greater Bay Area. The recommendations also include intensifying financial sector reforms, constructing a comprehensive, full-chain technology financial service system, promoting the effective integration of green finance and transitional finance, improving the policy "toolbox" for financial support of micro and small enterprises, building a provincial-level demonstration model for elderly care finance, and expanding the application scenarios of the digital RMB. (Jinshi)
