[Deribit Block Trade: User Bets on BTC Dropping in January and Rebounding to $90,000 in February] According to Deribit data, today's largest BTC block options trade involved a user buying $90,000 put options expiring at the end of January and selling $90,000 put options expiring at the end of February, with 375 BTC on each side. Deribit officials stated that the user is betting on BTC dropping by the end of January and rebounding above $90,000 in February. Currently, the market's positive factors have largely been priced in, and some users are betting on a decline due to the risk of being removed from index components in early January as part of a strategy. However, there is also a clear optimism about the market recovering after February.

[Stripe Launches Stablecoin Payments, Supporting Ethereum, Base, and Polygon Networks] Payment giant Stripe has enabled stablecoin payment functionality for user accounts, supporting payments with stablecoins like USDC on Ethereum, Base, and Polygon networks. This feature has been integrated into Stripe's optimized checkout suite, and no code changes are required for existing integrations. A fee of 1.5% of the transaction amount (calculated in USD) will be charged, with no fixed fees, and all transactions will be settled in USD to the user's existing payment balance.

[Hong Kong Plans to Automatically Exchange Tax Information on Crypto Assets Starting from 2028] The Hong Kong Special Administrative Region Government has launched a public consultation on implementing a reporting framework for crypto assets. Christopher Hui, Secretary for Financial Services and the Treasury, stated that the government will amend the Inland Revenue Ordinance to implement the reporting framework and the newly revised Common Reporting Standard. The government aims to complete the legislative amendments within next year, with the goal of automatically exchanging tax information related to crypto asset transactions with relevant partner tax jurisdictions starting from 2028, and implementing the newly revised Common Reporting Standard from 2029.

[Australian Securities and Investments Commission Grants Class Exemption Licenses to Stablecoin and Wrapped Token Distribution Intermediaries] The Australian Securities and Investments Commission stated that it has granted class exemption licenses to intermediaries engaged in the secondary distribution of certain stablecoins and wrapped tokens.

[Russell Investments: Fed Expected to Slow or End Easing Cycle in Early 2026] Paul Eitelman, Chief Investment Strategist at Russell Investments, stated that the Federal Reserve faces a tough decision on Wednesday, likely implementing a 'hawkish' 25 basis point rate cut while maintaining cautious wording on the future path of interest rates. Eitelman expects the Fed to slow or end the easing cycle in early 2026, with a terminal rate of 3.25% to 3.5%. The current 10-year U.S. Treasury yield stands at 4.1%, higher than Russell Investments' fair value estimate, supporting a strategic allocation to duration risk.