PANews

Today's News Highlights:
1. Hong Kong JPEX case update: Internet celebrity "Master Zhu" faces three additional charges of money laundering, involving over HKD 18.8 million.
2. Trust Wallet browser extension has been re-listed on the Chrome Web Store.
3. Aave plans to explore sharing protocol external revenue with token holders, supporting the team to independently build products on the protocol.
4. Helium founder: Due to lukewarm market response, the team will cease repurchasing HNT tokens.
5. Data: In 2025, Solana's on-chain fee revenue surpasses $600 million, exceeding Ethereum and TRON.
6. Cryptocurrency phishing attack losses in 2025 plummeted by 83% to $83.85 million, with victims decreasing by 68%.
Macro
Hong Kong JPEX case update: Internet celebrity "Master Zhu" faces three additional charges of money laundering, involving over HKD 18.8 million.
According to Hong Kong media Ming Pao report

Future Asset Group plans to acquire Korea's fourth-largest cryptocurrency exchange Korbit, with an involved valuation of approximately $70 million to $100 million. This move reflects traditional financial institutions' active entry into the digital asset market, but Korbit faces shrinking market share and regulatory pressures, making the acquisition prospects uncertain. Whether Future Asset's acquisition can proceed will impact the landscape of Korea's crypto market.

Author: Aleks Gilbert, DL News
Translation: Wu Shuo
The past year, the United States experienced a crypto policy revolution.
In less than a year of his second term, President Donald Trump appointed industry-friendly regulators who ended investigations into crypto companies, made it easier for banks to hold crypto assets, and also facilitated asset management firms in launching crypto-related ETFs.
Under Trump's push, lawmakers passed landmark legislation on stablecoins and made significant progress in market structure legislation.
After these victories became facts, it’s natural to wonder whether 2026 will still be an important year for crypto policy.
The short answer is: yes.
So, without further ado, here are some key dates for US crypto policy in 2026.
January
January is destined to be a month of events

Huang Renxun pointed out in a 2007 interview that the key to future computing lies in mobile devices, rather than traditional computers or servers. He emphasized the importance of a broad strategic vision for the technology industry. Today, with the rise of AI and mobile platforms, NVIDIA has taken early steps, demonstrating his foresight.

Digital Renminbi 2.0 will start accruing interest from 2026, marking its transition from "Digital Cash 1.0" to "Digital Deposit Currency 2.0." This model incorporates Digital Renminbi into the banking system, addressing concerns of the traditional financial system while enhancing users' credit appeal. It has a profound impact on Hong Kong's financial ecosystem, promoting the development of cross-border payments and asset tokenization.

Canza Finance announces that its native USDT's cumulative trading volume has surpassed $131 million, demonstrating a huge demand for efficient cross-border financial services. Despite the high costs and delays associated with traditional payment systems, Canza has launched the world's first autonomous payment protocol CAPP, aimed at reducing costs, increasing settlement speed, and connecting multiple mobile payment systems to promote the development of Africa's digital economy.

Author: @intern\_cc, Crypto KOL
Translation: Felix, PANews
Crypto options are expected to become a flagship financial instrument by 2026, thanks to the convergence of three major trends: traditional DeFi yields are being squeezed by the "yield apocalypse," a new generation of simplified "entry-level products" abstracts options into a one-click trading interface, and Coinbase's $2.9 billion acquisition of Deribit has gained institutional recognition.
Although on-chain options currently account for only a small portion of crypto derivatives trading volume, perpetual contracts still dominate the market. This gap is similar to the relationship between TradFi options on Robinhood

Today's News Highlights:
1. International gold and silver both saw their largest annual gains since 1979, with gold increasing over 64% and silver over 147% cumulatively.
2. NEO co-founder Zhang Zhengwen announced the NEO governance structure and account status, and decided to return to mainnet management.
3. A certain Binance account was suspected of being hacked; the hacker attempted to pump up BROCCOLI714 to transfer funds, and trader Vida precisely intercepted and profited by millions of dollars.
4. Binance released its 2025 year-end letter: platform's annual trading volume reached $34 trillion.
5. Trump Media Group: will distribute digital tokens based on the Cronos blockchain to DJT stockholders.
6. Tether's BTC reserves reached 96,185 coins, with an unrealized profit of $3.524 billion, making it the fifth-largest BTC wallet.
Macro
Six major state-owned banks announced: starting tomorrow, interest will be accrued on digital renminbi real-name wallet balances, with the current savings account interest rate at 0.05%.

Author: Nancy, PANews
2025 is about to come to an end. Looking back on this year, Bitcoin has not only left a deep mark on the price chart but has also become a central narrative stage in great power games and asset allocation.
Bitcoin.com News recently summarized the top ten most关注ed Bitcoin hot posts on Twitter in 2025. These posts clearly record Bitcoin's official entry into mainstream society, earning a "ticket" to the mainstream world, from debates over value logic, to policy implementation battles, to the reaching of mainstream consensus. They have attracted hundreds of millions of clicks, involving industry giants, political figures, crypto leaders, and investment tycoons.
Elon Musk: Bitcoin relies on unforgeable energy
Page views: 8.3 million
October 14, US financial blog Zerohedge published an article stating, "Artificial intelligence has become the new global arms race, capital support..."

Author: Changan, Amelia I Biteye Content Team
Over the past year, a fascinating phenomenon has repeatedly emerged:
U.S. stocks and precious metals have hit new highs driven by productivity dividends and AI narratives, while the crypto market has fallen into cyclical liquidity droughts.
Many investors lament that "the end of the crypto world is the US stock market," and some have even chosen to exit completely.
But what if I told you that these two seemingly opposing wealth paths are converging historically through tokenization? Would you still choose to leave?
Why do top global institutions, from BlackRock to Coinbase, all have an optimistic outlook on asset tokenization in their 2025 annual forecasts?
This is not just simple "stock transfer." Starting from the underlying logic, this article comprehensively dissects the fundamental principles behind the tokenization of the US stock market and reviews the current trading platforms and leading KO involved in stock tokenization.

Author: Jae, PANews
The final airdrop suspense of this year came to an end last night (December 30). Perp DEX (Decentralized Perpetual Contract Exchange) Lighter announced the completion of its airdrop distribution, with a total of $675 million worth of tokens airdropped to early participants, bringing a touch of warmth to the cold market at the end of 2025.
Although the winter market is somewhat bleak, the competition for liquidity and trading experience on the Perp DEX battlefield is becoming increasingly fierce. The industry is witnessing the gradual replacement of early automated market makers (AMMs) by high-performance centralized limit order books (CLOBs). Based on zk-rollup technology, Lighter has quickly stood out, leveraging its zero-fee strategy and customized ZK circuits to attempt to redefine the standards of on-chain derivatives trading.
Since ancient times, airdrops have been difficult to balance, and Lighter undoubtedly faces competition from other airdrop projects.

Today's News Highlights:
Trump Mobile, a subsidiary of the Trump Group, delays the launch of the gold-colored smart phone originally scheduled for this year.
Delin Holdings: Delin Securities approved to provide virtual asset trading services, upgraded to a Category 1 license.
Bitcoin spot ETF saw a total net inflow of $355 million yesterday, switching from seven consecutive days of net outflows to net inflows.
NEO's two founders publicly split: Da Hongfei and Zhang Zhengwen accuse each other of monopolizing financial control and lacking transparency.
Bitwise submits applications to the US SEC for 11 new cryptocurrency ETFs, including tokens like AAVE and UNI.
Macro
Trump Mobile, a subsidiary of the Trump Group, delays the launch of the gold-colored smart phone originally scheduled for this year.
According to Jin10 citing the Financial Times, Trump Mobile, a mobile phone company launched by the Trump Group, has postponed its plan to deliver the gold-colored smart phone originally scheduled for the end of this year. The company

After shifting consensus from PoW to PoS, $ETH now has staking yields, creating an "maturity mismatch" arbitrage opportunity between one's own LST liquid staking tokens and LRT liquidity re-mortgage tokens.
As a result, leveraging, cyclic lending, and maturity arbitrage of ETH staking yields have become the largest application scenarios for lending protocols like Aave, and also form one of the foundations of current on-chain DeFi.
That's right, the biggest application scenario for DeFi today is "arbitrage."
But don't panic, and don't be discouraged; traditional finance is the same.
The problem is, ETH's maturity mismatch hasn't brought additional liquidity or other value to the blockchain industry, or even to the Ethereum ecosystem itself, but only ongoing selling pressure. After all, institutions earning ETH staking yields will eventually cash out.
The selling pressure, ETH buying, and deflation form a micro

> From Concept Validation to Scalable Breakthroughs
Decentralized Physical Infrastructure Networks (DePIN) are an innovative network architecture that combines blockchain technology with physical infrastructure. By leveraging blockchain's token incentive mechanisms, it attracts individuals and enterprises to contribute physical resources such as storage space, computing power, and network bandwidth, building a distributed shared infrastructure network. Its application scenarios broadly cover fields like distributed storage, wireless networks, and AI computing support. Unlike traditional centralized infrastructure models, DePIN offers low-cost, scalable advantages, breaking the monopoly of giants over core physical resources and forming a unique "co-construction and sharing" industrial ecosystem.
The concept of DePIN has gradually taken shape alongside the penetration of blockchain technology into the real economy. The early milestone was marked by Helium in 2013, which began deployment and gradually launched distributed wireless network projects. This project through

Along the Atlantic coast of North Africa, Morocco is staging a unique financial experiment. It once had the world's strictest cryptocurrency ban, but at the same time, it is also the country with the highest cryptocurrency adoption rate in North Africa.
When the official gates are closed, the grassroots doors are already wide open. From office buildings in Casablanca to markets in Marrakech, digital assets are becoming an invisible weapon for millions of Moroccans to fight inflation and break through foreign exchange controls. By 2025, with regulatory laws easing, it is necessary to reassess this blue ocean with enormous potential.
(The author personally traveled to Morocco this month, gathering firsthand information through casual conversations with passersby and shop owners on the streets of Casablanca, Marrakech, Fes, Chefchaouen, and other places.)
If you only look at the legal texts, Morocco seems like a cryptocurrency desert. As early as 2017, the Office des Changes (Foreign Exchange Office) and the Central