Bitcoin reverses early gains, drops below $88,000 as Nasdaq futures wilt

On chain data shows that Trend Research further purchased 16078 ETH from Binance, worth approximately $48.12 million. Currently, its total holdings reach 607828 ETH, with a total value of approximately 1.78 billion US dollars. （Onchain Lens）

[Trump Criticizes Federal Reserve and FOMC Members, Cook Denies Allegations and Appeals to Supreme Court] Trump has publicly criticized Federal Reserve Chairman Powell and members of the Federal Open Market Committee (FOMC), calling Powell 'Too Late Powell' and a 'stubborn mule,' while attempting to accuse Federal Reserve Governor Cook of mortgage application fraud via social media. Cook has denied the allegations and has taken the case to the Supreme Court, with hearings expected to begin in January next year.

[Suspected Movement Network Address Deposits 50 Million MOVE to Binance] According to Arkham monitoring, a suspected Movement Network address deposited 50 million MOVE to Binance, valued at $1.78 million.

[Trend Research Adds 6,748 ETH, Total Holdings Reach $1.77 Billion] According to monitoring by @ai_9684xtpa, Trend Research extracted $19.77 million worth of ETH from Binance 5 minutes ago and deposited it into Aave as collateral. Over the past 7 hours, the address has accumulated a total of 27,598 ETH (approximately $83.05 million), increasing its on-chain holdings to 607,598 ETH, with a total value of approximately $1.77 billion. The average cost is around $3,111.07 per ETH, with a current unrealized loss of approximately $117 million.

[South Korea Plans to Lower the Threshold for Virtual Asset Travel Rule to Below 1 Million KRW] The South Korean Financial Intelligence Unit held its first meeting of the 'Specific Financial Information Revision Task Force' on December 29, planning to expand the current 'Travel Rule'—which applies to virtual asset transfers exceeding 1 million KRW—to include transactions below 1 million KRW, in order to strengthen anti-money laundering regulations. Additionally, financial authorities will promote the institutionalization of stablecoins, introduce account freezing mechanisms, and aim to propose improvements to the anti-money laundering system by the first half of 2026.