Compiled by: Fairy, ChainCatcher.
Important information:
Turkey has introduced stricter anti-money laundering regulations for cryptocurrencies.
Deribit data: options with a nominal value of approximately $18.447 billion in BTC and ETH will expire on Friday.
Data: Sun Yuchen transferred 70,182 ETH to HTX on Christmas Eve, worth approximately $245 million.
Data: 30 newly created wallets withdrew 1.371 million LINK from Binance, approximately $34.1 million.
In November, the average daily trading volume of cryptocurrency in South Korea was on par with the stock market, and the total number of investors exceeded 15 million.
Six mutual funds tracking Bitcoin prices will be listed in Israel on December 31.
Russian Finance Minister: Russia is using Bitcoin in foreign trade.
What important events have occurred in the past 24 hours?
Russian Finance Minister: Russia is using Bitcoin in foreign trade.
According to Jin10 News, the Russian Finance Minister stated that Russia is using Bitcoin in foreign trade.
Six mutual funds tracking Bitcoin prices will be listed in Israel on December 31.
After receiving approval from the Israeli Securities Authority (ISA), six mutual funds tracking Bitcoin (BTC) prices will be listed in Israel next week.
These six companies will start operating on December 31, the same day, which is a condition set by regulators. Executives at the investment company said: 'The investment company has been pleading for ETF approval for more than a year and began sending out prospectuses for Bitcoin funds in the middle of the year. But regulators have acted independently. They need to check the details.'
Turkey has introduced stricter anti-money laundering regulations for cryptocurrencies.
Turkey introduced new cryptocurrency regulatory legislation in the last week of 2024, inspired by the proactive regulatory developments in major jurisdictions globally, including Europe.
According to the published documents, the new regulations require users conducting transactions exceeding 15,000 Turkish lira (approximately $425) to provide their identity information to the country's cryptocurrency service providers.
This new anti-money laundering (AML) regulation aims to prevent money laundering and the financing of terrorist activities through cryptocurrency transactions, and it will take effect on February 25, 2025.
Deribit data: options with a nominal value of approximately $18.447 billion in BTC and ETH will expire on Friday.
Deribit data shows that options contracts with a nominal value of approximately $14.515 billion in BTC and $3.932 billion in ETH will expire on Friday (December 27); among them, the maximum pain price for BTC is $84,000, and for ETH, it is $3,000.
Data: Sun Yuchen transferred 70,182 ETH to HTX on Christmas Eve, worth approximately $245 million.
According to Spot On Chain monitoring, Sun Yuchen transferred 70,182 ETH to HTX on Christmas Eve, with a total value of approximately $245 million. This includes 42,905 ETH unstaked from Lido Finance and 27,277 ETH transferred from Etherfi.
Since November 10, Sun Yuchen has deposited a total of 179,101 ETH (approximately $645 million) into HTX, with an average price of $3,601, most transfers occurring near price peaks.
Currently, Sun Yuchen still holds 106,905 stETH (approximately $37.2 million) and 56,277 eETH (approximately $19.6 million), of which 25,000 ETH (approximately $87 million) is being unstaked from Etherfi.
Data: 30 newly created wallets withdrew 1.371 million LINK from Binance, approximately $34.1 million.
According to Lookonchain monitoring, in the past 5 days, 30 newly created wallets have withdrawn 1.371 million LINK (approximately $34.1 million) from Binance.
Mocaverse operating expenses and liquidity wallets transferred 24.5 million MOCA to CEX, suspected to be for market making.
According to Lookonchain monitoring, in the past two hours, the Mocaverse operating expenses and liquidity wallets transferred a total of 24.5 million MOCA (approximately $10 million) to the four major exchanges: Gate.io, KuCoin, Bybit, and Bitget, suspected to be for market making.
In November, the average daily trading volume of cryptocurrency in South Korea was on par with the stock market, and the total number of investors exceeded 15 million.
Data from the Bank of Korea shows that as of the end of November, the number of cryptocurrency investors in South Korea has reached 15.59 million, an increase of 610,000 from October. This figure accounts for over 30% of the country's total population, reflecting increased market activity following U.S. President Trump's commitment to support the cryptocurrency industry. The rise in Bitcoin prices has also fueled this trend.
As of the end of November, the total cryptocurrency holdings of South Korean investors amounted to 1,026 trillion won (approximately $70.8 billion), compared to 580 trillion won (approximately $40 billion) in October. The average daily trading volume in November reached 149 trillion won (approximately $10.288 billion), equivalent to the total daily trading volumes of the KOSPI and KOSDAQ markets in the same month.
Glassnode: The severity of market pullbacks during Bitcoin bull market uptrends is gradually decreasing.
On-chain analytics company Glassnode disclosed that although Bitcoin bull markets typically see significant price increases accompanied by extreme selling pressure, the severity of market pullbacks during each bull market is gradually diminishing as the market size expands.
The deepest pullback of this cycle occurred on August 5, 2024, with a drop of 32%. During most pullbacks, the price of Bitcoin only fell 25% below local highs, indicating that the volatility of this cycle is among the lowest so far.
This may reflect that the launch of a spot ETF has opened a huge demand window, while institutional investor interest is also on the rise, with the vast majority of short-term holders' supply (calculated by coin number) operating 'underwater' relative to their cost price, but they have not incurred extreme unrealized losses associated with market deterioration.
What exciting articles are worth reading in the past 24 hours?
Gavin Wood's handwritten: Polkadot 2024 Annual Review
It's that time again... I temporarily set aside the text editor I've been writing in for a whole year and opened Medium. The nights are getting colder, and the days are getting shorter; the fire is lit, making it a great time to reflect on our ecosystem. How are we doing now? What achievements have we made in the past 12 months? What will happen next? Buckle up, as this year's content will be lengthy because we've been busy and eager to make more progress.
2024 Bitcoin Year-End Review: Coin price increased by 131%, less than last year, TVL surged 21 times to exceed $6.7 billion.
In 2024, Bitcoin broke through the $100,000 mark in an upward trend, establishing a new milestone for the development of digital assets. Keywords like 'ETF approval', 'halving', and 'U.S. election' drove market changes for Bitcoin throughout the year. In this overall picture, what specific changes in the trading market, on-chain fundamentals, and application layers of Bitcoin are worth noting? What potential impacts do these changes have on development in 2025?
An overview of the seven major DeFi staking platforms in 2025: How to maximize returns?
As the cryptocurrency industry has developed, staking has become an indispensable cornerstone, playing an important role in network security and investor participation. By participating in staking, individuals can not only contribute to the stable operation of the blockchain network but also unlock opportunities for passive income. Specifically, the benefits of participating in staking include:
1. Strengthening the security of the crypto economy: Staking essentially involves locking a certain amount of cryptocurrency to support the operation of the blockchain network. This process is particularly critical for proof-of-stake (PoS) blockchains, where validators confirm transactions based on the amount of cryptocurrency they have staked. This mechanism ensures the security of the network and closely aligns the interests of participants with the healthy development of the blockchain.
2. Earn passive income: In addition to enhancing network security, staking also offers attractive economic incentives. By staking assets, investors can earn rewards, typically issued in the form of additional cryptocurrency tokens. This method of income generation meets the needs of both novice and seasoned investors seeking to maximize returns without actively trading. In some projects, staking may also involve airdrop activities, providing stakers with additional asset appreciation opportunities.
3. Launch new projects through restaking: A recent innovation in the staking field is 'restaking', which allows staked assets to be reused across multiple protocols. This approach enables new projects to leverage the security and capital of existing networks, effectively guiding their development. For example, platforms like EigenLayer facilitate restaking by allowing users to stake their ETH or liquid staking tokens and extend crypto-economic security to other applications on the network, providing investors with further returns.
Meme Popular Rankings.
According to the Meme token tracking and analysis platform GMGN market data, as of December 25, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: MYSTERY, PEPU, HOODRAT, STARS, TOKI.
The top five popular tokens in the past 24 hours on Solana are: GUZUTA, MEOWMAS, LPENGU, DINO, $VITA.
The top five popular tokens in the last 24 hours on Base are: VIRTUAL, INNIT, CLOD, OGA, KEVIN.
