The main force lacks confidence in the future market

[Flow Abandons Network Rollback, Adopts Isolation Recovery Plan] Flow's official account updated the handling plan for the attack incident on Platform X, announcing the abandonment of network rollback in favor of an isolation recovery plan. The new plan includes: retaining all legitimate user activities, no need for partners to replay transactions, over 99.9% of accounts unaffected and operating normally, and temporarily restricting accounts that received illegally minted tokens during the restart. Network recovery will proceed in four phases: Cadence environment launch, Cadence fixes (approximately 24-48 hours), EVM fixes and restart, and restoration of cross-chain bridges and exchanges. The specific timeline will be determined after the operator confirms stability.

[Jeffrey Huang Increases $24 Million ETH Long Position, Opening Price $2,973.44] On December 29, according to HyperInsight monitoring, Jeffrey Huang closed his HYPE long position within the past hour, earning only $3,000 in profit, and increased his ETH long position to $24 million within the past 10 minutes, with an opening price of $2,973.44 and a liquidation price of $2,813.72.

[UK Financial Institutions: Stablecoin Regulation and Payment Integration to Become Core Topics by 2026] UK financial institutions have reviewed the progress of crypto regulation in 2025 and outlined policy directions for 2026. UK Finance pointed out that the UK is shifting its regulatory focus from unbacked crypto assets to stablecoins backed by real-world assets, viewing stablecoins as payment and monetary tools rather than investment assets. This will impact redemption timelines, KYC requirements, and compliance costs for issuers. UK Finance warned that if the regulatory burden on GBP stablecoins is higher than that on non-GBP stablecoins issued overseas, it could lead to issuers relocating abroad, weakening the UK's control over stablecoins and monetary policy. Core challenges for 2026 include systemic stablecoin redemption rules, multi-currency design, and integration with payment scenarios. The UK Financial Conduct Authority has already launched a regulatory sandbox for non-systemic stablecoins, and the implementation of these policies will influence London's status as an international financial center.

[The Rollup Founder Says Lighter's Data May Shrink After Token Issuance but Still Plans to Buy] The Rollup founder Andy posted on platform X, stating that Lighter's open interest might drop by more than 20% and trading volume could decrease by over 30% after token issuance. Despite the current market environment being sideways and slightly bearish, he still plans to buy if LIT's fully diluted valuation is around $2 billion.

OKX-ETH/USDT is currently trading at $2997.24, with a 5-minute increase of 0.11%. Please be aware of market fluctuations.