Tom Lee, Chairman of BitMine, stated in an article on the X platform that many institutional investors typically exit the market during the final holiday trading period of the year, shifting market dominance to algorithmic and bot trading programs. This, coupled with year-end selling driven by tax avoidance needs, contributes to the market dynamics in the last few days of December. Previously, when BitMine disclosed its purchase of 44,463 ETH last week, Lee also pointed out that as the year-end holidays approach, overall market activity tends to decline, and tax-avoidance selling can exert temporary downward pressure on cryptocurrency and related stock prices. This impact is typically most pronounced between December 26th and December 30th, and BitMine is adjusting its market strategy based on this seasonal characteristic.

Trader CBB posted on the X platform that people spent months promoting a certain token, but the token's valuation failed to break $3 billion within 24 hours of its launch after being fully diluted, and he called the token a pure junk coin.

According to Onchain Lens monitoring, Bitmine (@BitMNR) has staked an additional 118,944 ETH, worth $352.16 million. Currently, Bitmine has staked a total of 461,504 ETH, with a total value of $1.37 billion. In addition, a newly created wallet received 32,938 ETH from FalconX, worth $97.8 million; this address likely belongs to Bitmine.

As 2026 approaches, crypto investors will face a drastically different tax environment. Several digital asset tax experts point out that new regulations and reporting rules will make the 2026 tax season (corresponding to 2025) a "high-difficulty hurdle," and investors may face compliance risks without advance planning. The report indicates that the most significant change is the implementation of Form 1099-DA. Starting in 2025, US brokers will be required to report crypto asset disposal information to the IRS, and this form will enter the taxpayers' field of vision on a large scale for the first time in 2026. Since initial reports will primarily focus on "total transaction amount" and may not include cost price, if investors fail to accurately declare costs, the system may default to "zero cost," triggering automatic inquiries. Furthermore, the tax approach will shift from the previous "uniform pool" accounting to calculating costs separately for each wallet and account. This means that assets from different exchanges and different self-custodied wallets can no longer be mixed for calculation, and the collation and reconstruction of historical transaction records will become a one-time but massively labor-intensive task. Users with multiple accounts and frequent participation in DeFi face particularly complex challenges. Forbes also summarized other key considerations, including: multi-platform users need to integrate various 1099-DAs with on-chain data themselves; tax professionals with crypto experience are scarce, so early appointments are advisable; current laws do not apply to stock "wash trading" rules for crypto assets, but related legislation may change this; de minimis tax exemption has not yet been legislated; the tax attributes of DeFi lending and tokenized instruments need to be determined on a case-by-case basis; large crypto asset donations typically still require compliance assessment reports. The report cites industry insiders as saying that 2025 will be a true "watershed" year for crypto tax rules, with their impact becoming most apparent in 2026. Preparing records and understanding new rules in advance, and collaborating with tax advisors familiar with digital assets, will be crucial for investors to avoid compliance risks. (Forbes)

According to Foresight News, Tom Lee, Chairman of BitMine, shared insights on social media regarding the typical market behavior during the holiday trading days at the end of the year. Lee noted that many institutional investors tend to temporarily exit the market during this period. The market is primarily influenced by quantitative programs and trading bots, as well as tax-related stop-loss selling. These elements characterize the market operations in the final days of December.

1. CBB: A certain token's market capitalization didn't reach $3 billion within 24 hours of listing, making it a worthless coin; 2. CZ: If the current pace continues, Pakistan could become a global crypto leader within 5 years; 3. Tom Lee: Year-end holidays see institutional withdrawals, algorithmic trading and tax-avoidance sell-offs dominate the market; 4. Coinbase will launch spot trading for Lighter (LIGHTER); 5. Market Analysis: The Fed meeting minutes release cautiously dovish signals; 6. Fed meeting minutes: Participants generally expect economic growth to accelerate in 2026; 7. Meta's acquisition of Manus AI may reach $2.5 billion; 8. US prosecutors oppose adopting the DeFi Education Fund's opinion, the Ethereum MEV case may be retried; 9. The UK plans to implement a comprehensive regulatory framework for crypto assets by October 2027; 10. Strategy executive: Increasing BTC holdings is beneficial to shareholders, seeking untapped capital to grow digital credit demand; 11. Stable 12. Data: Global institutional cryptocurrency treasury holdings surpass $185 billion, with corporate holdings accounting for 73%; 13. DeBot announces full compensation for $250,000 loss due to data breach at its Japanese data center; 14. Opinion: The Federal Reserve will release policy meeting minutes, market liquidity is low and sentiment is pessimistic; 15. Trust Wallet: Will voluntarily compensate users affected by wallet security incidents; 16. Mogo renames itself Orion Digital Corp. and expands its Bitcoin treasury reserves; 17. Federal Reserve meeting minutes: Most participants support a December rate cut; 18. Federal Reserve meeting minutes: Significant disagreement, most believe interest rates can fall as inflation declines; 19. Russian Ministry of Justice proposes penalties for illegal cryptocurrency mining, with a maximum of 5 years imprisonment; 20. ElizaOS founder Shaw's X account is unblocked, ELIZAOS rises over 150%; 21. WSJ: Institutions are bullish on Bitcoin. The prediction of an increase in 2025 did not come true.

Pakistan advances crypto regulation, licensing Binance and HTX to enhance foreign investment and blockchain integration. source: https://coincu.com/news/pakistan-licenses-binance-crypto-expansion/

Bitcoin faces a difficult start to 2026 after giving back most of its earlier gains in the past 3 months, as Cryptopolitan has been extensively reporting. The OG crypto had gone on a monster rally earlier this year making one all-time high after another, mostly thanks to Trump taking back the White House. But recent […] source: https://www.cryptopolitan.com/short-lived-rebound-for-bitcoin/

Netflix recently announced the production of a crypto-themed romantic comedy film, *One Attempt Remaining*, marking the first time cryptocurrency has entered the Hollywood production system as a mainstream commercial film. The report points out that in the past, crypto elements in film and television works have mostly appeared in independent films, crime dramas, or as a "futuristic" symbol, often associated with negative narratives such as fraud and money laundering. Industry insiders believe this is related to the public's limited understanding of crypto technology and its insufficient integration into daily life. With increased institutional participation and crypto gradually entering the mainstream financial system, filmmakers are beginning to explore more concrete mechanisms such as wallets and mnemonic phrases, and to explore narratives of conflict between decentralization and centralization. At the same time, the mismatch between market cycles and film production cycles has also resulted in fewer product placements of crypto companies in films and television. Interviewees generally believe that as the industry matures and narrative methods simplify, crypto themes may appear more frequently in commercial films in the future. (Decrypt)

On December 30, Bitwise filed applications with the U.S. Securities and Exchange Commission for 11 new cryptocurrency ETFs, including Bitwise AAVE Strategy ETF, Bitwise UNI Strategy ETF, Bitwise ZEC Strategy ETF, Bitwise CC Strategy ETF, Bitwise ENA Strategy ETF, Bitwise Hyperliquid Strategy ETF, Bitwise NEAR Strategy ETF, Bitwise STRK Strategy ETF, Bitwise SUI Strategy ETF, Bitwise TAO Strategy ETF, and Bitwise TRX Strategy ETF. The filings indicate that the trading tickers and management fees for these ETFs have not yet been disclosed. Their investment strategy involves allocating approximately 60% of assets directly to the underlying cryptocurrency and approximately 40% to ETP products investing in that cryptocurrency. They may also utilize derivatives to gain exposure to these assets.

Looking back at the end of 2025, the crypto industry has undergone a silent yet dramatic "supply-side reform".

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2925, providing you with the latest and fastest news on the digital currency and blockchain industry.

On December 17, 2025, the bell rang at the Hong Kong Stock Exchange, marking the listing of HashKey Group, Hong Kong's first licensed digital asset trading platform.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

What seems like a land of opportunity is actually fraught with peril, with the real hurdles lying in one's understanding. Rather than being led astray by narratives, it's better to safeguard your own circle of competence, lower your expectations, and patiently wait for the right opportunity.

With President Trump's return to the White House in January, the regulatory environment has begun to change, and many foresee new opportunities in 2025.

Looking back at 2025, the core characteristics of the crypto market are the externalization of pricing frameworks and the deepening of channel competition.

For the global stablecoin industry, 2025 can be described as a year of rise but also one of constant ups and downs. As 2026 approaches, let's take a look back at the development of the stablecoin market in 2025.

A16Z, Artificial Intelligence, Crypto Market, a16Z: These 21 Major Future Trends Are About to Explode (Golden Finance), a16Z's Key Trends for 2026

Recommended reading tonight: 1. Grayscale: Crypto growth stalled in Q4 2025, but privacy tokens shone; 2. Dragonfly Partner: 25 predictions across 6 categories for crypto trends in 2026; 3. What does the market look like in the eyes of major institutions?