XXI CEO Jack Mallers stated that JP Morgan has closed his bank account due to his public opposition to cryptocurrency corruption. （The Bitcoin Historian）
[UK Financial Conduct Authority Launches Consultation on New Cryptocurrency Rules Covering Listing and Trading Standards] The UK Financial Conduct Authority (FCA) on Tuesday launched a broad consultation on proposed rules for the cryptocurrency industry, following the UK government's announcement that regulation will take effect starting October 2027. A report released simultaneously by the FCA shows that the proportion of UK adults holding cryptocurrencies has dropped from 12% to 8% over the past year. The proposed rules cover asset listing, prevention of insider trading and manipulation, standards for trading platforms and brokers, as well as prudential requirements, staking risks, lending protections, and risk mitigation measures. The consultation period will end on February 12, 2026, with the final framework expected to be finalized by the end of next year.
[Tom Lee Says Crypto Market Potential is 200x the Current Level and the Best Times Are Yet to Come] Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated that the best times for the cryptocurrency sector are yet to come. Currently, only 4 million Bitcoin wallets hold more than $10,000 worth of BTC, while there are 900 million retirement and brokerage accounts globally. This indicates that the market potential for cryptocurrencies is 200 times the current level. Despite concerns about quantum computing and a major deleveraging event on October 11, the fundamentals suggest an excellent year-end performance. With the U.S. government passing favorable legislation and regulations, and Wall Street showing interest in building blockchain financial products, the future outlook is clear, though token prices remain uncertain.
According to on chain data monitoring, a certain whale address cleared multiple AI Agent tokens purchased at the beginning of the year this morning. The giant whale had previously invested 31.12 million US dollars, but only recovered 2.57 million US dollars from this sale. The total loss of the giant whale reached 28.54 million US dollars (92% range), of which AIXBT lost 15.89 million US dollars, and MAICRO and BOTTO fell 48% and 32% respectively due to the sell-off. (Ashes)
[The Kobeissi Letter: A New Wave of Liquidity Has Arrived, $78 Billion Injected into TGA in One Week] The Kobeissi Letter stated that a new wave of liquidity has arrived. Last week, the U.S. Treasury General Account (TGA) decreased by $78 billion, marking the largest single-week liquidity injection since June and the fourth-largest weekly decrease this year. When the TGA balance declines, funds flow directly into the financial system, thereby boosting liquidity. In addition, the Federal Reserve plans to purchase approximately $40 billion in Treasury securities through its reserve management purchase program between December 12 and January 14, and will use approximately $14.4 billion in principal payments from mortgage-backed securities (MBS) to purchase Treasury securities during the same period.
Cathie Wood’s ARK Invest added to Coinbase, Bullish, Circle, and crypto miners during a continued drawdown that pushed listed crypto equities deeper into the red. What to know : Cathie Wood's ARK Invest purchased nearly $60 million in crypto equities, including significant investments in Coinbase, Bullish, and Circle. ARK's strategy involves buying during market drawdowns, as evidenced by their recent purchases amid a multi-day slide in crypto stocks. Crypto stocks have been declining, with Bitmine, Circle, CoreWeave, Coinbase, and Bullish all experiencing notable drops.