The South Korean government's draft "Digital Asset Basic Law" (the second phase of legislation for crypto assets) proposes several investor protection measures, including introducing no-fault liability for digital asset service providers and establishing a bankruptcy risk isolation mechanism for stablecoin issuers. However, due to significant disagreements surrounding core issues such as the issuers of stablecoins, the government's submission of the draft is expected to be delayed until next year. Reports indicate that the draft law, currently under review by the Financial Services Commission, may require stablecoin issuers to allocate their assets to low-risk assets such as deposits and government bonds, and to deposit or entrust at least 100% of the outstanding balance to banks or other management institutions to prevent the risk of issuer bankruptcy from being passed on to investors. Simultaneously, the information disclosure obligations, terms, and advertising regulations for digital asset operators will be closer to those of traditional financial institutions. In the event of hacking attacks or system failures, no-fault liability may be applied in accordance with the "Electronic Financial Transactions Act." Furthermore, the draft law may allow the sale of digital assets within South Korea, provided that information disclosure is strengthened, to correct the previous practice of "overseas issuance, domestic circulation" established due to administrative restrictions on ICOs. Although a preliminary legislative framework has been established, disagreements remain between the Financial Services Commission (FSC) and the Bank of Korea, among other institutions, on key issues such as the eligibility of stablecoin issuers, approval mechanisms, minimum capital requirements, and whether exchanges can simultaneously perform issuance and circulation functions. The FSC stated that relevant departments are continuously working to narrow the gap in their positions and have not yet reached a final decision on the plan. (Yonhap News Agency)

On December 30th, US President Trump commented on the Federal Reserve, stating: "I'm considering suing Fed Chairman Powell. Powell should resign. I'd love to fire him, but his term is almost over. Maybe I will eventually fire him." The nominee for Fed Chairman is expected to be announced in January. (Jinshi)

According to ChainCatcher, data from Arkham indicates that at 07:11, a total of 6,800.29 ETH was transferred from Hyperunit to Galaxy Digital.

null source: https://x.com/angrycryptoshow/status/2005779353628533149

According to PANews, CoinGlass data reveals that the cryptocurrency derivatives market in 2025 experienced forced liquidations amounting to $150 billion. While this may appear as a crisis throughout the year, it is actually a structural norm in the marginal price market dominated by derivatives. Forced liquidation due to insufficient margin resembles a cyclical fee imposed on leverage. Within the context of an annual derivatives trading volume of $85.7 trillion (averaging $264.5 billion daily), liquidation is merely a byproduct of the price discovery mechanism led by perpetual swaps and basis trading. As derivatives trading volume increased, the open interest rebounded from the deleveraging trough of 2022-2023. On October 7, the nominal open interest in Bitcoin reached $235.9 billion, with Bitcoin prices touching $126,000 during the same period. However, record open interest, crowded long positions, and high leverage in small altcoins, combined with global risk aversion triggered by U.S. President Donald Trump's tariff policies, led to a market turning point. Between October 10-11, forced liquidations exceeded $19 billion, with 85%-90% being long positions. Open interest decreased by $70 billion within days, ending the year at $145.1 billion, still higher than at the beginning of the year. The core issue of this volatility lies in the risk amplification mechanism. Regular liquidation relies on insurance funds to absorb losses, while extreme market conditions trigger the automatic deleveraging (ADL) emergency mechanism, which inversely amplifies risk. During liquidity shortages, frequent ADL activation forces the reduction of profitable short and market maker positions, causing market-neutral strategies to fail. The long-tail market suffered the most, with Bitcoin and Ethereum plummeting 10%-15%, and most small asset perpetual contracts dropping 50%-80%, creating a vicious cycle of "liquidation - price drop - further liquidation." The concentration of exchanges exacerbated the spread of risk, with the top four platforms, including BN, accounting for 62% of global derivatives trading volume. In extreme conditions, synchronized risk reduction and similar liquidation logic led to concentrated sell-offs. Additionally, infrastructure such as cross-chain bridges and fiat channels faced pressure, hindering cross-exchange fund flows and rendering cross-exchange arbitrage strategies ineffective, further widening price disparities. Despite the $150 billion in liquidations throughout the year, it is not a symbol of chaos but rather a record of risk avoidance in the derivatives market. The 2025 crisis has not yet triggered a chain reaction of defaults but has exposed structural limitations reliant on a few exchanges, high leverage, and certain mechanisms, with the cost being concentrated losses. In the coming year, more positive mechanisms and rational trading are needed to prevent a recurrence of the October 10-11 events.

XRP is trading below critical technical levels after losing the $2 mark, a breakdown that has shifted market sentiment decisively toward fear. Bulls are struggling to find reliable support as price action weakens, and recent attempts at stabilization have failed to attract sustained demand. The loss of this psychological and structural level has left XRP vulnerable, with traders increasingly positioning defensively amid broader uncertainty across the altcoin market. Related Reading: Why $100,000 Is Bitcoin’s Most Important Resistance Level According to analysis shared by Darkfost, selling pressure on XRP has intensified materially over recent weeks source: https://www.newsbtc.com/xrp-news/xrp-selling-pressure-returns-investors-shift-from-holding-to-distribution/

null source: https://x.com/cointelegraph/status/2005776046461780135

The Cardano price is up about 13% since the December 25 low. It has now moved into a breakout zone inside a falling wedge structure. ADA is still down almost 10% this month, but this week is not only about a relief bounce. Three signals now suggest the trend might be preparing for a reversal if the price confirms the breakout source: https://beincrypto.com/cardano-price-79-percent-breakout/

ارتفع سعر كاردانو بحوالي 13٪ منذ أدنى مستوى في 25 ديسمبر. لقد تحرك الآن إلى منطقة اختراق داخل هيكل إسفين هابط. لا يزال ADA ينخفض بنسبة تقارب 10٪ هذا الشهر، لكن هذا الأسبوع ليس فقط عن ارتداد الإغاثة. تشير الآن إلى أن الاتجاه قد يستعد للانعكاس إذا أكد السعر الاختراق source: https://ar.beincrypto.com/cardano-price-79-percent-breakout/

null source: https://x.com/angrycryptoshow/status/2005775559180042423

Japan is moving forward with a major overhaul of its crypto taxation framework, proposing a flat 20% tax on profits from digital assets under its 2026 tax reform plan. While this marks a significant reduction from the current 55% rate, the new policy currently applies only to a limited set of “specified” crypto assets, leaving many to wonder what that means.

OpenAI is facing lawsuits after a 16-year-old died by suicide, with claims that ChatGPT repeatedly discussed hanging and may have worsened his distress. The company is now introducing stronger teen protections, including safety alerts, age-specific guidance, and parental controls, to prevent harm and ensure younger users have safer, age-appropriate interactions.

The Stellar Development Foundation (SDF) has partnered with LayerZero, a leading interoperability protocol, to enable native connectivity between Stellar and more than 150 blockchain networks. The integration allows assets—most notably USDC and other stablecoins—to move seamlessly across chains without relying on centralized bridges or intermediaries.

Hackers took control of Rainbow Six Siege, giving players billions of in-game credits and rare items, forcing Ubisoft to shut down the servers. The company is rolling back the affected accounts while allowing players to keep any items they used, and is gradually reopening the game.

Bitmine has made one of the most aggressive treasury moves in recent crypto history, committing hundreds of millions of dollars to Ethereum while simultaneously embracing staking as a long-term income strategy.

Mirae Asset Group is in talks to buy South Korea’s fourth-largest crypto exchange, Korbit, in a deal worth about 100 to 140 billion won ($70–$100 million).

Over $35 million in cryptocurrency stolen from LastPass users since 2022 has been traced to Russian cybercriminals using weak master passwords and laundering funds through mixers and Russian exchanges. TRM Labs found the thefts continued for years, showing that even encrypted vaults can be compromised if security practices are weak.

Coinbase has finally made its first arrest of one of the masterminds behind the exchange's customer data breach that exposed nearly 70,000 user accounts.

Global online interest in cryptocurrencies has fallen to its lowest levels as we approach the new year, with Google search data signaling a sharp pullback in retail attention as the market heads into 2026.

The Atlas memecoin, themed around US Vice President JD Vance’s pet dog, has nearly half of its supply controlled by 68 wallets showing signs of coordinated buying and potential insider activity. The token was heavily promoted by the influencer Whale Insider, raising concerns that retail investors could be at risk from price manipulation.