The EU's DAC8 directive came into effect on January 1, requiring crypto asset service providers to report user transaction information, forming a cross-border tax information exchange system. This directive runs in parallel with the MiCA regulation, and compliance is required separately. Service providers have a transition period until July 1 to achieve compliance; otherwise, they will face penalties. This will promote the standardization of the Web3 industry.

The AlphaNet testnet of XRP Ledger is launched, using the Dilithium algorithm to counter quantum computing threats and provide security for transactions and account data. Although it increases transaction data size and may impact performance, this move is highly attractive to large institutional users, enhancing competitiveness.

Grayscale has submitted updated registration documents for the spot Avalanche ETF, emphasizing optimization mechanisms and risk disclosures. Another institution is also pushing forward with the AVAX ETF application, making the competition fierce. Although the market once showed enthusiasm for ETF filings, recent investor sentiment has cooled, and AVAX prices have adjusted, reflecting increased market volatility.

【BlockBeats】Recent policy developments have brought many positive signals. Eight departments jointly issued a document clarifying the acceleration of the international cooperation framework for digital finance. Among them, the most noteworthy is the cross-border application of central bank digital currency (CBDC) — this is not a new concept, but the implementation speed is indeed accelerating.
Specifically, multiple provinces and cities along the route are encouraged to participate in the multilateral central bank digital currency bridge project, which essentially means using central bank digital currency for cross-border payments. Countries and regions such as Thailand, Hong Kong, the United Arab Emirates, and Saudi Arabia have become cooperation partners, with official endorsement for the cross-border use of digital renminbi in these areas. Especially, the digital renminbi cross-border payment pilot with Singapore has moved from the exploration stage to a more substantive advancement phase.
In addition to payments, cross-border e-commerce is also moving towards digitalization. Regions with conditions along the route are building cross-border e-commerce digital service platforms to connect with trade platforms in Singapore and other countries. From another perspective, this is laying the groundwork for digital assets, blockchain

[Block Rhythm] The merger and acquisition market in the encryption industry exploded in 2025. The total transaction volume soared to $8.6 billion, more than quadrupling from $2.17 billion in 2024, with a total of 267 transactions this year, a year-on-year rise of 18%. Behind these numbers, the shift in attitude of the U.S. government played a key role.
The Trump administration has prioritized digital assets as a national priority, taking swift action: appointing industry-friendly regulators, dismissing a slew of lawsuits against encryption companies, and launching a national-level encryption reserve program. These measures have directly sent market signals, prompting global capital to rush in for opportunities. Charles Kerrigan, a partner at law firm CMS, stated that with the implementation of new regulatory rules in the U.S., traditional financial institutions will accelerate their entry, while encryption companies will also engage in mergers and acquisitions to seize market positions.
Just look at those big transactions in 2025 and you'll know. A leading exchange.

On December 24, there are considerable disagreements in the prediction market regarding the recent trends of Bitcoin. Data shows that market participants who believe Bitcoin will fall below $80,000 in December account for a minority, with a probability of about 16%. If looking at a more pessimistic scenario—falling below $75,000, this probability is only about 5%. However, on the other hand, the voices optimistic about breaking above $100,000 are also similar, with roughly a 5% probability. Overall, the market's expectations for Bitcoin are still relatively cautious, as most seem to believe that extreme market conditions will not occur in the short term.

The Web3 security situation is severe, with losses reaching $3.35 billion in 2025 and over 700 attack incidents. Hacker attacks are more professional, with average profits rising to $5.32 million. Supply chain attacks incur the largest losses, while phishing attacks are the most frequent. Ethereum has suffered 310 attacks, resulting in a loss of $1.698 billion. Vulnerabilities in Private Key management and identification are frequently exploited, emphasizing the importance of security awareness.

[Block Rhythm] The U.S. Securities and Exchange Commission recently filed a lawsuit against a large-scale encryption investment fraud case, involving at least $14 million. This action targets three so-called encryption trading platforms and four investment clubs, which are accused of coordinating fraud aimed at American retail investors.
The accused platforms include Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., while the associated investment clubs are AI Wealth Inc. and Lane Wealth.

At the Web3 annual conference held in Seoul, a well-known exchange lab released an interesting piece of news - it plans to launch a virtual asset payment card in 2026.
It sounds simple, but thinking about it, it's quite bold: directly connecting your crypto asset wallet with a card, allowing you to buy coffee or take the subway without complicated conversions, just swipe the card and it's done.
The Chief Strategy Officer stated the core goal at the meeting - to make the cryptocurrency payment experience as smooth as traditional bank cards. This is not a pipe dream; they have already begun testing on a small scale, and the next plan is to gradually expand the scale.
In simple terms, this is trying to bridge the last mile between Web3 assets and real-world consumption. If it can truly be implemented, it would have significant implications for the entire ecosystem. The shift of crypto payments from "high-end" to "everyday option" may really be coming.

On December 23, on-chain data shows that USDC Treasury burned 50 million USDC on the Ethereum network. This burn operation means that the total supply of USDC in circulation has been reduced accordingly, which typically reflects adjustments in the reserve management strategy of the stablecoin issuer. Such on-chain actions are worth following for users holding and trading USDC, as large burn events often impact market liquidity and the market expectations for the stablecoin.

The 2025 Web3 Security Report shows that although the total number of security incidents has decreased to 630, the average loss per attack has surged to $5.322 million, revealing more organized attacks. The market recovery has not alleviated security threats, and the project party needs to prioritize security from the root, throughout the entire process from design to operation.

As the mainstream token market slows down, investors are starting to follow early projects. Mutuum Finance (MUTM) has gained attention with its DeFi lending protocol, having raised $19.4 million in the presale stage, boasting a high security rating, and is expected to launch in 2025. Investors should be cautious in selecting projects, as the fundamentals are key.

[Bitpush] Azuki has reached a partnership with the Web3 gaming platform GAMEE to jointly launch a Telegram skateboarding parkour game called "Azuki Alley Escape." This game fully integrates Azuki's unique art style and story background, allowing players to collect rewards while avoiding various obstacles and competing for the top position on the global leaderboard. This collaboration showcases new explorations of NFT IP in the casual gaming field and marks the continuous extension of the Azuki ecosystem. By combining well-known NFT characters with gamified experiences, the project party is not only expanding community engagement and IP value but also bringing attractive content growth points to the Web3 gaming platform.

[Coin World] SHIB holders should be cautious. According to on-chain data, the burn activities have come to a complete halt in the past day, which means no tokens have been removed from circulation, and Shiba Inu is suddenly facing supply pressure. The result is a price drop of 2.05%, falling to $0.000007144, underperforming the market. Even more concerning is that there are still 815 trillion SHIB sitting in exchange accounts, and this pile could get dumped at any moment. Analysts are very clear: without a burn mechanism to balance supply, combined with such a large circulating supply hanging on exchanges, the price could easily break the $0.0000070 support level. In the short term, the lack of deflationary momentum has become the biggest uncertainty.

[Coin World] Bitcoin has once again broken through the $90,000 mark. According to the latest monitoring from an on-chain data tracking platform, the open positions of perpetual futures have increased from 304,000 BTC to 310,000 BTC, a rise of about 2%. At the same time, the funding rate has skyrocketed from 0.04% to 0.09%, and this upward trend is evident — leveraged long positions are regrouping. Industry analysts believe that traders are increasing their long positions in preparation for the upcoming year-end market. From the dual signals of increased holdings and rising rates, market participants' confidence in the subsequent trend is clearly rebounding.

[coin world] Holo(HOT) has shown some interesting performance recently - although it fell by 2.5% today, priced around $0.000469, the 24-hour volume surged over 35%, with a transaction amount reaching $4.22 million. This divergence between volume and price often indicates that the market is brewing a Reverse operation.
From a technical perspective, analysts believe that HOT is expected to rebound to around 0.00059 USD before January 2026. Although the magnitude is not particularly large, it is still decent for such small coins. More specific predictive data shows that the activity range for HOT in 2026 may fluctuate between 0.00034 USD and 0.00140 USD, with a central price of 0.00085 USD.
Looking further ahead, if Holochain's decentralized application hosting infrastructure can be successfully advanced, HOT may reach 0.01050 dollars by 2030. But

In the past 24 hours, the BTC capital flows of mainstream exchanges have shown significant differentiation. CEX had a net inflow of 1,596.23 BTC, while Kraken led with 2,045.55 BTC. Meanwhile, a certain top exchange experienced a net outflow of 873.88 BTC, reflecting market participants' risk assessment and strategic adjustments towards different platforms.

[Chain News] In the recent trading days, the fundraising capability of the Spot ETF market has indeed been impressive. Looking at the performance on December 22, the XRP Spot ETF attracted 43.89 million USD in a single day, with Bitwise XRP ETF dominating by contributing a net inflow of 19.12 million USD.
The momentum of SOL is also not bad—total net inflow of $7.47 million on that day, with the Fidelity FSOL fund performing the best, taking in $5.85 million.
In terms of cumulative scale, the XRP Spot ETF has currently accumulated an asset scale of $1.25 billion, while the SOL Spot ETF has accumulated $938 million. These two cryptocurrencies' Spot ETF products are gradually becoming standard allocation tools for institutional and retail investors. The continuous inflow of funds reflects the market's ongoing optimism for these two ecosystems.