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according to Whale Alert monitoring, USDC Treasury newly minted 90 million USDC on the Ethereum network.

[The USDC Treasury minted 90 million new USDC tokens on the Ethereum network.]according to Whale Alert monitoring, USDC Treasury newly minted 90 million USDC on the Ethereum network.

The USDC Treasury minted 90 million new USDC tokens on the Ethereum network.

researchers and developers expect 2026 to be a key year for Ethereum to achieve exponential scaling based on zero-knowledge proofs (ZK). At that time, some Ethereum validators will no longer re-execute transactions but will directly verify ZK proofs, fundamentally changing the way the blockchain operates, with a scale comparable to Ethereum's 2022 transition from PoW to PoS known as "The Merge."Ethereum researcher Justin Drake stated that the first batch of validators will begin verifying the ZK proof of each block instead of re-executing all transactions, which will bring immediate scaling effects to Layer 1 and lay the foundation for 10,000 TPS in the future. Currently, the Ethereum mainnet throughput is about 30 TPS. During Devconnect, Drake demonstrated that ZK proof verification can be completed using an old laptop, and it is expected that by the end of 2026, about 10% of validators will switch to ZK verification mode (Lean Execution Phase 1). This shift will significantly reduce hardware requirements for validator nodes while maintaining network decentralization.Ethereum Besu client engineer Gary Schulte pointed out that in the future, computationally intensive tasks will mainly be undertaken by block builders and ZK provers, while ordinary validators will only need to perform lightweight verification, creating conditions for increasing the gas limit and overall throughput. In the roadmap, Ethereum is currently still in Phase 0 (voluntary validation), expected to enter Phase 1 (partial validator switch) in 2026, and move into Phase 2 in 2027, which will mandate block producers to generate ZK proofs, achieving full ZK execution.

[2026 will be a turning point for Ethereum's ZK scaling, with the verification mechanism undergoing a merge-like transformation.]researchers and developers expect 2026 to be a key year for Ethereum to achieve exponential scaling based on zero-knowledge proofs (ZK). At that time, some Ethereum validators will no longer re-execute transactions but will directly verify ZK proofs, fundamentally changing the way the blockchain operates, with a scale comparable to Ethereum's 2022 transition from PoW to PoS known as "The Merge."Ethereum researcher Justin Drake stated that the first batch of validators will begin verifying the ZK proof of each block instead of re-executing all transactions, which will bring immediate scaling effects to Layer 1 and lay the foundation for 10,000 TPS in the future. Currently, the Ethereum mainnet throughput is about 30 TPS. During Devconnect, Drake demonstrated that ZK proof verification can be completed using an old laptop, and it is expected that by the end of 2026, about 10% of validators will switch to ZK verification mode (Lean Execution Phase 1). This shift will significantly reduce hardware requirements for validator nodes while maintaining network decentralization.Ethereum Besu client engineer Gary Schulte pointed out that in the future, computationally intensive tasks will mainly be undertaken by block builders and ZK provers, while ordinary validators will only need to perform lightweight verification, creating conditions for increasing the gas limit and overall throughput. In the roadmap, Ethereum is currently still in Phase 0 (voluntary validation), expected to enter Phase 1 (partial validator switch) in 2026, and move into Phase 2 in 2027, which will mandate block producers to generate ZK proofs, achieving full ZK execution.

2026 will be a turning point for Ethereum's ZK scaling, with the verification mechanism undergoing a merge-like transformation.

Liberal Democratic Party of Japan and the Japan Innovation Party announced the tax reform outline for the fiscal year Reiwa 8 on December 19, proposing to classify cryptocurrencies as financial products that contribute to the formation of national assets and plan to introduce a separate taxation system.According to the plan, spot trading, derivatives trading, and ETFs of cryptocurrencies will be included in the scope of separate taxation, and trading losses will be allowed to be carried forward and deducted for three years, aligning the tax system with that of financial products such as stocks. It is worth noting that this reform plan does not cover all cryptocurrency transactions; income-generating transactions such as staking and lending may still be subject to the current tax system. At the same time, NFTs are not explicitly included in the reform scope and may continue to be comprehensively taxed as miscellaneous income. Exchanges will submit user trading reports to tax authorities, and higher tax compliance requirements will be imposed on investors in the future. Experts advise investors to organize their trading records in advance to smoothly cope with the implementation of the new tax system.

[Japan has announced a proposed reform plan for cryptocurrency taxation, suggesting the introduction of a separate tax system.]Liberal Democratic Party of Japan and the Japan Innovation Party announced the tax reform outline for the fiscal year Reiwa 8 on December 19, proposing to classify cryptocurrencies as financial products that contribute to the formation of national assets and plan to introduce a separate taxation system.According to the plan, spot trading, derivatives trading, and ETFs of cryptocurrencies will be included in the scope of separate taxation, and trading losses will be allowed to be carried forward and deducted for three years, aligning the tax system with that of financial products such as stocks. It is worth noting that this reform plan does not cover all cryptocurrency transactions; income-generating transactions such as staking and lending may still be subject to the current tax system. At the same time, NFTs are not explicitly included in the reform scope and may continue to be comprehensively taxed as miscellaneous income. Exchanges will submit user trading reports to tax authorities, and higher tax compliance requirements will be imposed on investors in the future. Experts advise investors to organize their trading records in advance to smoothly cope with the implementation of the new tax system.

Japan has announced a proposed reform plan for cryptocurrency taxation, suggesting the introduction of a separate tax system.

according to Coinglass data, if Ethereum falls below $2900, the cumulative long liquidation intensity on major CEXs will reach 802 million. Conversely, if Ethereum breaks above $3000, the cumulative short liquidation intensity on major CEXs will reach 228 million.The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to nearby clusters, that is, the intensity. Therefore, the liquidation chart shows the extent of impact when the underlying price reaches a certain level. Higher "liquidation bars" indicate a stronger reaction caused by a liquidity wave when the price reaches that point.

[If Ethereum falls below $2,900, the total liquidation intensity of long positions on major centralized exchanges will reach $802 million.]according to Coinglass data, if Ethereum falls below $2900, the cumulative long liquidation intensity on major CEXs will reach 802 million. Conversely, if Ethereum breaks above $3000, the cumulative short liquidation intensity on major CEXs will reach 228 million.The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to nearby clusters, that is, the intensity. Therefore, the liquidation chart shows the extent of impact when the underlying price reaches a certain level. Higher "liquidation bars" indicate a stronger reaction caused by a liquidity wave when the price reaches that point.

If Ethereum falls below $2,900, the total liquidation intensity of long positions on major centralized exchanges will reach $802 million.

&nbsp;according to CoinPost, Japan announced the tax reform outline for fiscal year 2026, which proposes different directions for the taxation system of virtual currencies and gradually positions crypto assets as "financial products that contribute to the formation of national assets."The tax reform outline lists "spot trading," "derivatives trading," and "ETFs" of virtual currencies as subjects for separate taxation, but not all crypto transactions are included in the new system; staking, lending income, and NFT transactions may still be subject to comprehensive taxation.

[Japan's proposed tax reform for fiscal year 2026 includes a separate tax on spot, derivatives, and ETF trading of cryptocurrencies.]&nbsp;according to CoinPost, Japan announced the tax reform outline for fiscal year 2026, which proposes different directions for the taxation system of virtual currencies and gradually positions crypto assets as "financial products that contribute to the formation of national assets."The tax reform outline lists "spot trading," "derivatives trading," and "ETFs" of virtual currencies as subjects for separate taxation, but not all crypto transactions are included in the new system; staking, lending income, and NFT transactions may still be subject to comprehensive taxation.

Japan's proposed tax reform for fiscal year 2026 includes a separate tax on spot, derivatives, and ETF trading of cryptocurrencies.

According to ChainCatcher news and monitoring by onchainschool.pro, the Everlyn (LYN) team has been frequently boosting the token price on DEX through small purchases from multiple newly created addresses, accumulating tokens worth 700,000 USD.It is reported that active buying activity accelerated 4 days ago, while the initial purchases started about a month ago. As of the time of writing, LYN is currently priced at 0.12187 USD, with a 24-hour increase of 22.1%.

[Analysts say the LYN team has been accumulating $700,000 worth of tokens by buying small amounts through multiple newly created addresses.]According to ChainCatcher news and monitoring by onchainschool.pro, the Everlyn (LYN) team has been frequently boosting the token price on DEX through small purchases from multiple newly created addresses, accumulating tokens worth 700,000 USD.It is reported that active buying activity accelerated 4 days ago, while the initial purchases started about a month ago. As of the time of writing, LYN is currently priced at 0.12187 USD, with a 24-hour increase of 22.1%.

Analysts say the LYN team has been accumulating $700,000 worth of tokens by buying small amounts through multiple newly created addresses.

&nbsp;spot silver surged short-term, rising 5.00% intraday, currently quoted at 75.47 USD/ounce, continuing to hit a record high.&nbsp;

[Spot silver prices surged in the short term, rising 5.00% intraday.]&nbsp;spot silver surged short-term, rising 5.00% intraday, currently quoted at 75.47 USD/ounce, continuing to hit a record high.&nbsp;

Spot silver prices surged in the short term, rising 5.00% intraday.

according to Coinglass data, if BTC falls below $84,367, the total long liquidation intensity on major CEXs will reach $1.398 billion. Conversely, if BTC breaks above $93,103, the total short liquidation intensity on major CEXs will reach $997 million.

[Data: If BTC falls below $84,367, the cumulative liquidation intensity of long positions on major CEXs will reach $1.398 billion.]according to Coinglass data, if BTC falls below $84,367, the total long liquidation intensity on major CEXs will reach $1.398 billion. Conversely, if BTC breaks above $93,103, the total short liquidation intensity on major CEXs will reach $997 million.

Data: If BTC falls below $84,367, the cumulative liquidation intensity of long positions on major CEXs will reach $1.398 billion.

according to Coinglass data, if ETH falls below $2,823, the total long liquidation intensity on major CEXs will reach $1.239 billion. Conversely, if ETH breaks above $3,111, the total short liquidation intensity on major CEXs will reach $768 million.

[Data: If ETH falls below $2,823, the total liquidation intensity of long positions on major CEXs will reach $1.239 billion.]according to Coinglass data, if ETH falls below $2,823, the total long liquidation intensity on major CEXs will reach $1.239 billion. Conversely, if ETH breaks above $3,111, the total short liquidation intensity on major CEXs will reach $768 million.

Data: If ETH falls below $2,823, the total liquidation intensity of long positions on major CEXs will reach $1.239 billion.

According to WSJ, FTX’s offshore status and its willingness to keep American traders off its Bahamas-based exchange in large part shielded the company from strict U.S. laws that govern trading and how investments can be sold to the public.
But FTX’s implosion last week and reports that it used customer funds to back an affiliate’s risky venture investments have exposed the company and its founder to potential criminal liability, according to attorneys who specialize in white-collar criminal law.

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【FTX, Sam Bankman-Fried sit in the crosshairs of U.S. Prosecutors】According to WSJ, FTX’s offshore status and its willingness to keep American traders off its Bahamas-based exchange in large part shielded the company from strict U.S. laws that govern trading and how investments can be sold to the public.
But FTX’s implosion last week and reports that it used customer funds to back an affiliate’s risky venture investments have exposed the company and its founder to potential criminal liability, according to attorneys who specialize in white-collar criminal law.

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FTX, Sam Bankman-Fried sit in the crosshairs of U.S. Prosecutors

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