Market Scale & Money Laundering - Chinese-language crypto black-market ecosystem on Telegram has reached a record scale [1] - Platforms facilitate nearly $2 billion (20 亿美金) per month in money-laundering and scam-related transactions [1] - These markets have surpassed AlphaBay and Hydra, becoming the largest illegal online crypto markets to date [1] Key Platforms - "Tudou Guarantee" (土豆担保) and "New Coin Guarantee" (新币担保) are examples of platforms facilitating illicit transactions [1]

Regulatory Compliance - Bybit will gradually exit the Japanese market starting in 2026 due to regulatory disputes with Japan's Financial Services Agency [1] - Japan's Financial Services Agency has been pursuing Bybit over unlicensed operations since 2021 [1] - Apple and Google were required to remove Bybit's app this year [1] User Account Restrictions - Accounts held by Japanese residents will face phased restrictions from 2026 [1] - Users mistakenly flagged must submit additional documentation by January 22, 2026 [1]

Trading Volume & Market Expansion - OKX's trading volume in licensed and regulated markets increased 53-fold in 2025 [1] - The increase was mainly driven by OKX's entry into the U S market and expansion across the European Economic Area (EEA) [1] User Growth & Platform Activity - OKX's daily active wallets doubled over the past year [1] - Approximately 190,000 new wallets were added on average each day [1] - Global DEX trading volume on OKX grew by 262% [1] - CEX trading volume on OKX rose by 16% [1]

Economic Growth - U S real GDP grew at an annualized quarterly rate of 4 3% in Q3 [1] - This is above market expectations of 3 3% and the previous reading of 3 8% [1] Inflation - The initial annualized quarterly rate of core PCE inflation came in at 2 9% [1] - This is in line with expectations and higher than the prior 2 6% [1] Consumer Spending - The initial estimate of real personal consumption expenditures rose 3 5% quarter-on-quarter [1] - This significantly exceeds the expected 2 7% and the previous 2 5% [1]

Regulatory Framework - The Bank of Russia has released a concept framework for cryptocurrency regulation and submitted proposed legislative amendments to the government [1] - The plan aims to complete the legal groundwork by July 1, 2026 [1] - Liability for illegal crypto intermediary activities will be introduced starting July 1, 2027 [1] - The regulatory approach is similar to the framework used for unlawful banking activities [1]

Market Dynamics - Crypto com is hiring a quant trader to run an in-house market-making team on its sports prediction market [1] - The move is similar to Kalshi and Polymarket, raising conflict-of-interest concerns [1] Company Policy - Crypto com claims it doesn't rely on proprietary trading revenue [1] - Crypto com gives market makers a 3-second advantage window on sports markets [1]

Market Trends - Crypto users are concerned about market cycle positioning in 2025 [1] Investment Opportunities - Crypto users are focused on opportunity and sector selection [1] Risk Management - Crypto users are concerned about risk management around scams, regulation, and asset security [1] - The crypto industry suggests a common user decision pattern: judging the trend, seeking opportunities, and managing risk [1]

Eric Trump: DeFi is tearing apart the fee system that sustains the banks' "skyscrapers".During an interview on the "Money Talks" podcast (Nov 27), Eric Trump discussed how using Bitcoin as loan collateral is disrupting traditional finance. He highlighted the key benefit: a user with $1 million in Bitcoin can get a loan immediately, avoiding the banks' 120-day KYC and paperwork.Trump noted that traditional banks like JPMorgan oppose this because they lose fees. He added that blockchain ensures stable collate ...

According to James, Head of Ecosystem at the Ethereum Foundation, most stablecoin transactions on Ethereum are P2P by count (67%), but P2P accounts for only 24% of total transaction volume. Over the past 12 months, B2B stablecoin transaction volume on Ethereum has grown by 156%, with average transaction size up 45%, while P2B has been the fastest-growing category at 167%. Consumer-to-business payments are now the fastest-growing segment of stablecoin usage on Ethereum. https://t.co/C9zvCCcOND ...

ETF Flows - U.S spot Bitcoin ETFs experienced total net outflows of $142 million [1] - BlackRock's IBIT Bitcoin ETF saw the largest single-day net inflow among Bitcoin spot ETFs, amounting to $6 million [1] - Spot Ethereum ETFs recorded total net inflows of $8459 million [1] - Solana spot ETFs experienced net inflows of $747 million [1] - XRP spot ETFs saw net inflows of $4389 million [1]