Organized by: Cora, Techub News
**TinTinLand
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Fear and Greed Index: 32 (Fear)
Bitcoin Price: $88,488
BTC/ETH Spot ETF Fund Flow (12.30)
BTC Net Inflow: $132.68 M
ETH Net Inflow: $64.14 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (12.30)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 0 ETH
[
]( Selected Activities in Hong Kong for December
We have specially compiled noteworthy activities in the crypto space in Hong Kong for December, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[Regulation/Macro]( Selected Activities in Hong Kong for December
We have specially compiled noteworthy activities in the crypto space in Hong Kong for December, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[](
The government is currently formulating the "Fundamental Law on Digital Assets" (Phase Two of the Virtual Asset Bill), which is expected to include investor protection measures, such as strict liability for damages against digital asset operators and protections for stablecoin issuers from bankruptcy risks. However, due to significant disagreements with relevant organizations, including stablecoin issuers, the submission of the proposal has been delayed and may be postponed until next year. The bill is currently under review by the Financial Services Commission.
<div class=)[U.S. Senator Cynthia Lummis posted on X that the "Responsible Financial Innovation Act of 2026" will clearly distinguish between securities and commodities. "This distinction allows legitimate projects to develop while protecting investor rights. Clear definitions drive innovation."
]( Cynthia Lummis: "The Responsible Financial Innovation Act of 2026" will clearly distinguish between securities and commodities
[]( Billion-Dollar Acquisition of Manus Developer Butterfly Effect, Founder Xiao Hong Becomes Meta Vice President
Meta has acquired the AI application developer Manus for billions of dollars. After the acquisition, Butterfly Effect will continue to operate independently, and founder Xiao Hong will serve as Vice President at Meta. Manus is an Agent product capable of scheduling different tools to solve complex problems, and it announced in mid-December that its annual recurring revenue has surpassed $100 million.
Lighter has launched its native token LIT. The official statement indicates that all value created by Lighter products and services will belong to LIT holders. The team is currently building in the U.S., and the token is directly issued by its C-class company, which will continue to operate the protocol at cost. Revenue from the core DEX product and future product services can be tracked on-chain in real-time and will be allocated to growth and buybacks based on market conditions.
<div class=)[]( Launch of Native Token LIT, 25% of Tokens to be Used for Future Points Season Activities
Lighter has launched its native token LIT. The official statement indicates that all value created by Lighter products and services will belong to LIT holders. The team is currently building in the U.S., and the token is directly issued by its C-class company, which will continue to operate the protocol at cost. Revenue from the core DEX product and future product services can be tracked on-chain in real-time and will be allocated to growth and buybacks based on market conditions.
<div class=)[Bitmine is currently collaborating with three staking providers and plans to launch its commercial Ethereum validator network MAVAN in 2026. Additionally, Bitmine's annual shareholder meeting will be held on January 15, 2026, to vote on four key proposals, including: 1. Election of eight directors for the next year; 2. Approval of amendments to the company's articles of incorporation to increase the authorized shares of common stock; 3. Approval of the 2025 comprehensive incentive plan; 4. Approval of special, performance-based compensation arrangements for the executive chairman in a non-binding advisory capacity.]( Planning to launch its commercial Ethereum validator network MAVAN in 2026<p class=)
[]( Planning to launch its commercial Ethereum validator network MAVAN in 2026<p class=)[According to monitoring by ZachXBT, a Canadian hacker named Haby (Havard) has stolen over $2 million in crypto assets over the past year by impersonating Coinbase customer service in social engineering scams. The hacker squandered the funds on rare social media usernames, nightclub expenses, and gambling. Investigations show that Haby has recently been purchasing expensive Telegram usernames frequently and deleted his recent accounts two days ago. Through open-source intelligence analysis of his social media story posts, investigators determined that Haby is located in Abbotsford, near Vancouver, Canada. ZachXBT stated that while Canadian law enforcement may be aware of Haby's existence, such cyber threat actors are rarely prosecuted in the region.
]( Coinbase Customer Service, Stole Over $2 Million in a Year<p class=)
[]( Coinbase Customer Service, Stole Over $2 Million in a Year<p class=)[The size of the Ethereum validator entry queue has surged to nearly double that of the exit queue for the first time in six months. This growth indicates a rebound in staking demand, primarily driven by digital asset treasury companies like BitMine, and may be supported by the Pectra upgrade.
]( First surge in six months to about double the exit queue, staking demand rebounds<p class=)
[]( First surge in six months to about double the exit queue, staking demand rebounds
The board of directors of WLD treasury public company Eightco Holdings has approved a stock buyback plan of up to $125 million. Eightco holds over 10% of the current circulating supply of WLD (Worldcoin), with strategic and institutional supporters including: BitMine (BMNR), MOZAYYX, World Foundation, Wedbush, Coinfund, Discovery Capital, FalconX, Kraken, Pantera, GSR, Brevan Howard, and others.
NASDAQ-listed Tron Inc. (TRON) has received an $18 million strategic equity investment from TRON blockchain founder Justin Sun. The investment was made through Black Anthem Limited at a price of $1.3775 per share for the company's restricted common stock. Tron Inc. stated that the funds will primarily be used to significantly expand TRX treasury reserves, further solidifying its position as one of the most representative publicly listed companies in the TRON ecosystem and a major holder of TRX globally.
The Australian Federal Court has ruled that mining companies NGS Group, NGS Crypto, and NGS Digital operated without a license and ran an unregistered investment scheme involving over 450 investors and approximately AUD 59 million in funds. The court has ordered forced liquidation and permanently banned them from conducting financial services. The court noted that the companies severely violated the Corporations Act and lacked credibility in managing investor assets, with some funds coming from self-managed superannuation funds (SMSF), increasing the risk. ASIC has filed for liquidation against the companies and their unregistered investment schemes, believing that the liquidation process and the appointment of a liquidator are the best ways to facilitate an orderly resolution of the companies' affairs in Australia and return recoverable assets (including assets held by the receiver) to investors.
<div class=)[](The South Korean Supreme Court has learned that North Korean hackers paid an employee of an exchange $487,000 in Bitcoin with the aim of "recruiting" a South Korean officer to steal military secrets. According to South Korean media outlet Daily News, the officer also received $33,500 in Bitcoin as a reward. The officer was sentenced to 10 years in prison and fined $35,000 for violating the Military Secrets Protection Act. Meanwhile, the exchange employee was found guilty of violating the National Security Act.
<div class=)[In-Depth & Outlook]( Voting on the merger proposal between Scientific and Strive has begun, and post-merger they will hold nearly 13,000 Bitcoins
Shareholder voting for Semler Scientific has begun, with a special meeting scheduled for January 13, 2026, to approve the merger proposal with Strive. According to the merger terms, SMLR shareholders will receive ASST shares at a conversion ratio of 21.05. After the merger, the two companies will jointly hold nearly 13,000 Bitcoins.
<h3 dir=)[]( Voting on the merger proposal between Scientific and Strive has begun, and post-merger they will hold nearly 13,000 Bitcoins
Shareholder voting for Semler Scientific has begun, with a special meeting scheduled for January 13, 2026, to approve the merger proposal with Strive. According to the merger terms, SMLR shareholders will receive ASST shares at a conversion ratio of 21.05. After the merger, the two companies will jointly hold nearly 13,000 Bitcoins.
<h3 dir=)]( Institutions Bet on the New Crypto Landscape of 2026
If the cycle of 2021-2022 was driven by retail speculation, high leverage, and narrative bubbles, institutions generally believe that 2026 will be a year of substantial growth built on regulatory clarity, macro hedging demand, and the realization of technological utility. This phase has a professional name — "Industrialization Phase."
<p class=)[]( Institutions Bet on the New Crypto Landscape of 2026
If the cycle of 2021-2022 was driven by retail speculation, high leverage, and narrative bubbles, institutions generally believe that 2026 will be a year of substantial growth built on regulatory clarity, macro hedging demand, and the realization of technological utility. This phase has a professional name — "Industrialization Phase."
<p class=)[The issue with the digital yuan has never been about "choosing the wrong path," but rather being locked into the application space by the positioning of M0. While adhering to the fundamental path of central bank issuance and sovereign endorsement, DC/EP has previously resembled a project that is "institutionally correct but productively restrained."Perspective
]( Strategic Significance and Market Challenges of the Digital Yuan's Positioning Switch to M1<p dir=)
[]( Strategic Significance and Market Challenges of the Digital Yuan's Positioning Switch to M1
As DeFi leverage is cleared, the market is gradually cleaning up risks. The fluctuating range in December may also indicate that the market is entering a transitional phase, waiting for new catalysts. As the new year approaches, what trends will the crypto market of 2026 exhibit during this hopeful yet uncertain time? What potential positive factors exist?
<div class=)[]( What Potential "Catalysts" Exist in the Market This Year?
As DeFi leverage is cleared, the market is gradually cleaning up risks. The fluctuating range in December may also indicate that the market is entering a transitional phase, waiting for new catalysts. As the new year approaches, what trends will the crypto market of 2026 exhibit during this hopeful yet uncertain time? What potential positive factors exist?
<div class=)[]( What Potential "Catalysts" Exist in the Market This Year?
As DeFi leverage is cleared, the market is gradually cleaning up risks. The fluctuating range in December may also indicate that the market is entering a transitional phase, waiting for new catalysts. As the new year approaches, what trends will the crypto market of 2026 exhibit during this hopeful yet uncertain time? What potential positive factors exist?
<div class=)[]( What Potential "Catalysts" Exist in the Market This Year?
As DeFi leverage is cleared, the market is gradually cleaning up risks. The fluctuating range in December may also indicate that the market is entering a transitional phase, waiting for new catalysts. As the new year approaches, what trends will the crypto market of 2026 exhibit during this hopeful yet uncertain time? What potential positive factors exist?
<div class=)[As we close out 2025, looking back at the past 12 months of the U.S. stock market and global financial markets, it is difficult to summarize the year with linear terms like "up" or "pullback." Instead, it resembles a series of intense, mutually compressing structural changes — technological acceleration, capital expansion, political polarization, and institutional loosening occurring simultaneously and amplifying each other within the same cycle.]( U.S. Stock Market Yearbook: New Walls Erected, Fences Collapsed, How Will 2026 Find New Anchors of Order?<p class=)
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