Headline
▌Do Kwon will be extradited to the United States.
According to market news, Montenegrin Justice Minister Božović has signed a decision for Do Kwon to be extradited to the United States.
▌Bloomberg: 'Tokenization' is becoming a new favorite on Wall Street, focusing this wave on the digitization of financial assets.
On December 27, news reported by Bloomberg indicated that with Bitcoin prices reaching new historical highs, asset tokenization has once again become a hot topic in both traditional finance and the cryptocurrency sector. This technology, which digitalizes physical assets and records them on the blockchain, is favored by Wall Street institutions, including BlackRock. Industry insiders believe its potential could surpass that of the internet. This wave of asset tokenization is driven by the Bitcoin bull market and Trump's election victory, focusing more on the digitization of financial assets like real estate and bonds, unlike previous attempts at blockchain technology in scenarios like Walmart's supply chain tracking.
Market
As of the time of publication, according to data from Coingecko:
The recent transaction price of BTC is $94,171.78, with a daily fluctuation of -1.7%;
The recent transaction price of ETH is $3,331.44, with a daily fluctuation of -0.5%;
The recent transaction price of BNB is $692.87, with a daily fluctuation of +0.8%;
The recent transaction price of SOL is $184.50, with a daily fluctuation of -2.3%;
The recent transaction price of DOGE is 0.3125 yuan, with a daily fluctuation of -0.1%;
The recent transaction price of XPR is $2.14, with a daily fluctuation of -0.8%.
Policy
▌The State Administration of Foreign Exchange issues management measures for reporting high-risk transactions involving illegal cross-border financial activities related to virtual currencies.
On December 27, news from the State Administration of Foreign Exchange announced that the 'Regulations on Reporting of Foreign Exchange Risk Transactions by Banks (Trial)' have been published and are effective immediately. These regulations are supporting documents for the 'Regulations on Foreign Exchange Business Management by Banks (Trial)' and aim to strengthen banks' foreign exchange risk management, early identification, early warning, and early handling of high-risk transactions involving false trade, underground banks, and illegal cross-border financial activities related to virtual currencies. Main contents include: clarifying the reporting responsibilities for banks' foreign exchange risk transactions, requiring the establishment of monitoring systems and submission of reports; defining the scope of information reporting, including activities involving illegal cross-border capital flows; clarifying reporting content, such as basic information and proposed measures; and enhancing internal management measures, including internal controls and information confidentiality management.
▌The Central Bank of Cambodia approves compliant stablecoin services but still prohibits Bitcoin.
On December 27, news from Phnom Penh Post reported that the National Bank of Cambodia (NBC) announced it would allow commercial banks and payment institutions to provide services related to stablecoins and asset-backed cryptocurrencies, but unsupported assets like Bitcoin remain prohibited. The new regulations require institutions to obtain approval before engaging in cryptocurrency exchange, transfer, and custody services while prohibiting the use of customer assets. Previously, Cambodia blocked 16 unlicensed cryptocurrency trading websites to strengthen the regulation of the digital asset market.
▌The IRS requires 'DeFi brokers' to collect user transaction information.
According to rules published on Friday (Federal Register), the IRS requires 'DeFi brokers' to collect user transaction information. It is reported that 'DeFi brokers' will act like traditional brokers handling securities and are required to collect information about their users' transactions and send them 1099 forms. Brokers must send these 1099 forms to clients. Moreover, some 'participants in the decentralized finance industry' must submit tax returns disclosing 'the name and address of each client.' The U.S. Department of the Treasury noted that the final rules apply to 'front-end service providers' who interact directly with customers, meaning entities that operate primary websites for accessing decentralized protocols, rather than the protocols themselves. According to the document, the rules are expected to take effect on or after January 1, 2027.
Blockchain Applications
▌The founder of ai16z joins the Eliza project as an advisor.
AVA posted on platform X that ai16z founder Shaw has joined the Eliza project as an advisor. Meanwhile, Eliza Studios director, ai16z creative Jeff, Nous Research researcher Ropirito, and Ryze Labs founder Matthew also announced they have become advisors for the Eliza project.
▌OKX will launch GRIFFAIN and ZEREBRO perpetual contracts.
On December 27, according to an official announcement, OKX will launch GRIFFAINUSDT contract trading at 3:00 PM (UTC+8) on December 27; and will open ZEREBROUSDT contract trading at 3:15 PM (UTC+8) the same day. It is reported that Griffain is an AI agent platform that converts user intent into actions through interaction with AI agents on Griffain. Users can create personal AI agents and utilize its unique AI agent network. ZEREBRO is a self-governing AI system designed to create, distribute, and analyze content across multiple decentralized and social platforms.
Cryptocurrency
▌Jito validators' tip income reached approximately $210 million in November, a record level.
According to a report by cryptocurrency research firm Kairos Research, Jito's monthly revenue from priority fees and tips exceeded $100 million in November and December. Kairos stated that in 2024, Jito's validators saw an average monthly tip income increase of 32%. In November, the monthly revenue peaked at approximately $210 million. The growth in Jito's tip income reflects the increasing popularity of the Solana network and highlights the trend among validators to enhance income by prioritizing certain transactions, a practice known as Maximum Extractable Value (MEV).
▌The cryptocurrency market has seen a decline for two consecutive days, while the CeFi and Hyperliquid sectors have risen against the trend.
On December 27, news reported by SoSoValue indicated that the cryptocurrency market has seen a decline for two consecutive days, while the CeFi sector has risen against the trend, with a 24H increase of 0.36%. Tokens related to CEX that saw significant increases yesterday continue to rise, with BGB up 28.86% in 24 hours, a nearly 7-day increase of 72.8%, and a 1-month increase of 367.69%. Additionally, Huobi (HT) increased by 11.64%, OKB (OKB) by 7.01%, and Gate (GT) by 6.69%. HYPE, which fell more than 10% yesterday, rose by 6.64% today. In the Hypeliquid sector, PURR and Hypurr Fun (HFUN) increased by 5.43% and 7.52%, respectively. In other sectors, the DeFi sector saw a decline of 2.78%, while Layer 1 and Layer 2 sectors declined by 3.05% and 3.88%, respectively, and the Meme sector fell by 4.71%. The AI Agents sector, which had the highest increase yesterday, saw a noticeable decline today, with a 24H decrease of 7.7%, while Fartcoin (FARTCOIN) declined by 17.05%, and Virtual ecosystem coins VIRTUAL, LUNA, and AIXBT declined by 9.64%, 7.02%, and 9.25%, respectively.
▌The U.S. cryptocurrency industry calls on Congress to block new regulations for DeFi brokers.
On December 27, the IRS announced new regulations defining some decentralized finance (DeFi) protocols as brokers and requiring them to fulfill customer identity verification (KYC) obligations, triggering strong opposition from the cryptocurrency industry. This regulation is expected to affect up to 875 DeFi brokers and 2.6 million taxpayers. Legal experts criticize the rule as overstepping authority and potentially violating constitutional rights. Alexander Grieve, Vice President of Paradigm, called on the newly formed 'crypto-friendly Congress' to pass the Congressional Review Act (CRA) to repeal this regulation. The Blockchain Association stated that this rule is 'the last-ditch effort to push the U.S. cryptocurrency industry overseas' and indicated it would take action against it. Previously reported, the IRS required 'DeFi brokers' to collect user transaction information.
▌Analysts: Cryptocurrency venture capital may exceed $18 billion in 2025.
According to PitchBook analyst Robert Le's forecast, venture capital in the cryptocurrency industry may exceed $18 billion in 2025, with multiple quarters seeing investments reach $5 billion. The total amount of cryptocurrency venture capital in 2023 is approximately $9 billion, expected to reach $11 billion in 2024, with average quarterly investments of about $2 billion to $2.5 billion. Although investment activities slowed this summer, there has been a rebound after the elections, and general venture capital firms are expected to refocus on the crypto sector next year. Le also pointed out that the investment theme of 'crypto and artificial intelligence (AI)' will continue to heat up, as crypto technology may provide innovative solutions to certain core issues during AI expansion, or become a new growth point.
Important Economic Dynamics
▌The offshore RMB against the US dollar rose 29 points compared to Thursday's New York close.
The offshore RMB (CNH) against the US dollar was reported at 7.3001 yuan at 05:59 Beijing time, rising 29 points compared to Thursday's New York close, trading within the range of 7.3098-7.2948 yuan throughout the day.
▌Today's Fear and Greed Index remains at 74.
Today's Fear and Greed Index remains at 74. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market survey (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%).
Golden Encyclopedia
▌What is Ripple Labs' RLUSD stablecoin?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.
Disclaimer: Golden Finance, as a blockchain information platform, provides articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment concept and enhance risk awareness.
