Key News Preview:
- Hyperliquid (HYPE) will unlock approximately 9.92 million tokens at 3:30 PM Beijing Time on December 29, representing about 2.87% of the circulating supply, valued at approximately $256 million;
- The EU's Digital Asset Tax Transparency Act will take effect on January 1, requiring crypto service providers to collect and report user transaction information;
- Upbit will perform server maintenance and routine asset audits on January 1, suspending all services during this period;
- The Hong Kong Monetary Authority (HKMA) will implement the new Basel crypto asset capital rules on January 1, 2026;
- Sui (SUI) will unlock approximately 43.69 million tokens at 8:00 AM Beijing Time on January 1, representing about 1.17% of the circulating supply, valued at approximately $63.4 million
December 29
Exchanges:
SDIC Silver LOF: To Limit Regular Fixed-Amount Investments in Class A Fund Shares to 100 Yuan Starting December 29
The SDIC Silver LOF announced a cap of 100 yuan for regular fixed-amount investments in Class A fund shares, effective December 29, 2025. Previously, the subscription limit for Class A shares was 500 yuan. Recent surges in silver prices to $69 per ounce have attracted significant capital inflows, driving the on-market premium for SDIC Silver LOF to as high as 68.19% and sparking arbitrage activity. However, the fund manager has frequently issued risk warnings and implemented trading halts to cool the market, emphasizing that the high premium is unsustainable and warning investors of risks from premium convergence and silver price volatility. On December 25, the fund opened limit-down after a trading halt, with the premium falling to 45.45%. Experts caution that silver prices may face a technical correction in the short term, advising careful investment.
Token Unlocks:
Hyperliquid (HYPE) will unlock approximately 9.92 million tokens at 3:30 PM Beijing Time on December 29, representing about 2.87% of the circulating supply, valued at approximately $256 million;
December 30
Exchanges:
Binance to Delist EIGEN/FDUSD, ARB/FDUSD, and Other FDUSD Margin Trading Pairs on December 30
According to a Binance announcement, the platform will delist cross and isolated margin trading pairs denominated in FDUSD, including EIGEN/FDUSD, ARB/FDUSD, and TRUMP/FDUSD, at 14:00 (UTC+8) on December 30, 2025. Lending for these isolated margin pairs will be suspended starting December 24. Users are advised to close positions and transfer assets to their spot accounts before the delisting to avoid potential losses.
Project Updates:
Web3 Game Studio ChronoForge to Shut Down on December 30 Due to Funding Shortage
Web3 game studio ChronoForge is shutting down after operating for months with a significantly reduced team. This closure highlights the severe financial pressures facing the Web3 gaming industry during the current market downturn. On Wednesday, the studio announced that all services would cease by December 30, citing "numerous adverse factors," including a funding shortage. Since July, the shortage has forced founders to support development with personal funds, and the team size has been reduced by 80%. The team stated that despite immense financial pressure, they continued operations, releasing patches and new features, "despite having no marketing budget, revenue below sustenance levels, losing co-developers, and abysmal Web3 gaming market sentiment."
ChronoForge was developed by Minted Loot Studios. Its affiliated entity, the Rift Foundation, oversaw the game's token and ecosystem. The foundation raised over $3 million through the sale of RIFT tokens to support game development. The project launched in 2022 with its first NFT series and began early community building.
Padre: PADRE Holders to Receive PUMP Proportional to Their Holdings; Wallet Address Submission Required by December 30
Following its acquisition by Pump.fun, trading terminal Padre announced that, based on a snapshot taken on October 24, PADRE token holders will receive PUMP tokens proportional to their holdings. Holders must submit their Solana wallet addresses to claim the tokens by December 30. Previously, Pump.fun's acquisition announcement tweet stated that PADRE tokens would "no longer have utility" on the platform, which sparked strong backlash and led to the current measure.
Token Unlocks:
Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 PM Beijing Time on December 30, representing about 5.35% of the circulating supply, valued at approximately $11.8 million;
Slash Vision Labs (SVL) will unlock approximately 234 million tokens at 8:00 AM Beijing Time on December 30, representing about 2.96% of the circulating supply, valued at approximately $6.8 million;
Zora (ZORA) will unlock approximately 166 million tokens at 8:00 AM Beijing Time on December 30, representing about 4.17% of the circulating supply, valued at approximately $6.7 million;
December 31
Macroeconomics:
Federal Reserve releases Monetary Policy Meeting Minutes at 3:00 AM on December 31
Exchanges:
Binance to Cease Binance Live Platform Services on December 31; Binance Square to Continue Offering Live Services
Binance will discontinue its Binance Live platform services on December 31, 2025. Thereafter, Binance Square will continue to provide live streaming services for users. Access to the Binance Live web and app platforms will cease starting at 07:59 (UTC+8) on January 1, 2026. Hosts who created at least one Binance Live session between the announcement date and 08:00 (UTC+8) on December 1, 2025, will automatically gain access to Binance Square Live streaming at 08:00 (UTC+8) on December 1, 2025. All points, gifts, and vouchers on Binance Live will expire after 07:59 (UTC+8) on January 1, 2026.
Coinbase: PARSIQ (PRQ) Migration Deadline is December 31, 2025
Coinbase Markets tweeted that the migration deadline for PARSIQ (PRQ) is December 31, 2025. Users holding PRQ who wish to convert to REACT must initiate the conversion using a compatible self-custody wallet on the official migration portal.
Project Updates:
Hats Finance to Cease Operations of Its Centrally Hosted Frontend and Servers on December 31
Decentralized security project Hats Finance announced on platform X that Hats.finance will finalize the shutdown of its custodial operations, as it deems continuing to run the centralized user interface (UI) and servers unsustainable and currently has no plans to adopt new legal or operational frameworks to continue this custodial structure. The current arrangements are as follows: The user frontend and backend (UI and servers) hosted by Hats.finance are scheduled to go offline on December 31, 2025, with most functionalities relying on this architecture being phased out; The Hats protocol remains deployed on-chain and is managed by the DAO, with core contracts designed to operate as coded; Currently, an IPFS-based version of the user frontend is available, which users may access via public gateways as long as it remains served. However, as payments to the current fixed service provider (e.g., Pinata) will cease, continued availability and performance cannot be guaranteed. Users can submit withdrawal requests via the hosted UI before December 17; thereafter, withdrawals must be completed by interacting directly with the contracts.
Token Unlocks:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 AM Beijing Time on December 31, representing about 1.65% of the circulating supply, valued at approximately $8.6 million;
January 1
Policy & Regulation:
UK Requires Crypto Exchanges to Collect and Report Transaction Records of UK Customers Starting January 1, 2026
HM Revenue & Customs (HMRC) in the UK has issued new regulations requiring cryptocurrency exchanges operating in the UK to begin collecting complete transaction records for all their UK customers starting January 1, 2026, and to share this data with HMRC the following year. HMRC will use the collected data to verify tax returns, ensure compliance, and impose penalties for violations. The new HMRC guidelines align the UK with the OECD's Crypto-Asset Reporting Framework (CARF), which aims to increase transparency in the rapidly growing digital asset market and has been adopted in regions including the EU, Canada, Australia, Japan, and South Korea.
EU Digital Asset Tax Transparency Act Effective January 1, Requires Crypto Service Providers to Collect and Report User Transaction Information
The EU's latest Digital Asset Tax Transparency Act comes into effect on January 1. This directive, known as DAC8, extends the EU's long-standing framework for administrative cooperation in taxation to crypto assets and related service providers. It requires crypto asset service providers, including exchanges and brokers, to collect and report detailed user and transaction information to national tax authorities. Subsequently, these authorities will share the data among EU member states.
The DAC8 directive operates alongside, but independently from, the EU's Markets in Crypto-Assets (MiCA) regulation. MiCA regulates market conduct, while DAC8 governs tax flows. The directive takes effect from January 1, but crypto companies are granted a transition period. Service providers must achieve full compliance of their reporting systems, customer due diligence processes, and internal controls by July 1. Failure to report by the deadline will result in penalties under national law.
Hong Kong Monetary Authority to Implement New Basel Crypto Asset Capital Rules on January 1, 2026
The Hong Kong Monetary Authority (HKMA) recently issued a circular confirming the full implementation of new bank capital rules based on the Basel Committee on Banking Supervision's regulatory standards for crypto assets in Hong Kong, effective January 1, 2026. Fei Si, Hong Kong Partner at King & Wood Mallesons and Lecturer at the University of Hong Kong Faculty of Law, stated in an interview with Caixin that the new rules set the highest risk weight for exposures to crypto assets using permissionless blockchain technology at 1250%. This means banks must hold capital against these exposures at a ratio of at least 1:1. Such high regulatory capital requirements may deter many banks from holding these types of crypto assets.
Turkmenistan Cryptocurrency Regulation Law to Take Effect on January 1, 2026
According to Reuters, the President of Turkmenistan signed a new law on November 28, formally establishing a licensing mechanism for cryptocurrency mining and exchange. The law will take effect on January 1, 2026. The new regulations clarify the legal and economic status of virtual assets, aiming to promote digitalization and attract foreign investment.
Lithuanian Central Bank Warns: Crypto Services Without MiCA License Illegal from January 1
The Bank of Lithuania (Lietuvos Bankas) announced that following the incorporation of the EU's MiCA into national law, all crypto service providers must submit license applications by December 31. Providing relevant services without a license from January 1 will be illegal. Regulatory measures include fines, website blocking, and, in severe cases, criminal offenses punishable by up to 4 years imprisonment. The central bank requires entities not continuing operations to promptly notify customers and complete asset returns and migrations. It was disclosed that out of approximately 370 registered entities, only about 30 have applied, with around 120 actually active. Lithuania aims to serve as a "gateway" for MiCA entry.
Exchanges:
Upbit to Conduct Server Maintenance and Routine Asset Audit on January 1; All Services Suspended During Period
According to an Upbit official announcement, the exchange will perform server maintenance and routine audits of digital assets and KRW deposits/withdrawals from 2:00 AM to 8:00 AM (local time) on January 1, 2026. Deposits and withdrawals for all digital assets will be suspended starting at 20:00 on December 31, 2025. All platform services will be unavailable during the maintenance period. Some limit orders with abnormal prices will be canceled. Users are advised to check their open orders and scheduled trades in advance. The maintenance end time may be adjusted depending on the situation.
Token Unlocks:
Sui (SUI) will unlock approximately 43.69 million tokens at 8:00 AM Beijing Time on January 1, 2026, representing about 1.17% of the circulating supply, valued at approximately $63.4 million;
EigenCloud (formerly EigenLayer, EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing Time on January 1, 2026, representing about 9.74% of the circulating supply, valued at approximately $14.4 million;
January 2
Macroeconomics:
US S&P Global Manufacturing PMI Final for December released at 22:45 on January 2
Token Unlocks:
Ethena (ENA) will unlock approximately 40.63 million tokens at 3:00 PM Beijing Time on January 2, 2026, representing about 0.56% of the circulating supply, valued at approximately $8.6 million;
January 3
Project Updates:
Infinex: INX Token Sale Scheduled for January 3-6; Registration Now Open
Infinex posted on platform X that registration for the INX token sale is now open. The token sale will take place on the Sonar platform from January 3 to 6, 2026, offering 5% of the INX supply with a final FDV of $99.99 million. Tokens are locked for one year with an option for early unlocking. The sale has a minimum allocation of $200 and a maximum of $2500, allocated randomly but with bonus opportunities.
January 4
None
