[TRUMP Deployment Address Transfers $94 Million USDC to Coinbase in 3 Weeks] Over the past 3 weeks, the TRUMP deployment address (5e2qR...r5G7) transferred $94 million USDC to Coinbase. These USDC were obtained from the address selling TRUMP through single-sided liquidity provision on Meteora. The TRUMP and MELANIA tokens are primarily cashed out through single-sided liquidity sales, ultimately converted to USDC and transferred to Coinbase.

[Whale Reduces Position by 3,000 ETH, Potential Loss of $43,000] On-chain analyst @ai_9684xtpa monitoring shows that a whale who bought 8,550 ETH at an average price of $2,991 one week ago deposited 3,000 ETH to Binance 10 hours ago, valued at approximately $8.93 million. If sold, it would result in a loss of $43,000. Currently, the remaining portion of the position established last week by this whale is 5,550 ETH, with an unrealized loss of $46,000. The total holdings in the whale's wallet amount to 22,981 ETH.

[Federal Reserve's 2026 Interest Rate Path Divergence Intensifies, Potentially Impacting Crypto Market Performance] The Federal Reserve implemented three rate cuts in 2025, with the latest occurring on December 10, lowering the federal funds rate range to 3.5%–3.75%. The latest policy outlook indicates that there may only be room for one rate cut throughout 2026, with significant internal disagreements within the Fed regarding the interest rate path, leaving the market lacking clear guidance. The current median forecast suggests that the interest rate will be around 3.6% by the end of 2025 and approximately 3.4% by the end of 2026. According to CME Group data, investors estimate about a 20% probability of a 25-basis-point rate cut at the Fed's January meeting, rising to approximately 45% for the March meeting. Analysts believe that the labor market, inflation trends, and economic growth remain key variables for policy decisions, while the uncertainty surrounding the end of Federal Reserve Chair Jerome Powell's term and the appointment of new leadership could also impact the crypto market.

[Delin Securities Approved to Provide Virtual Asset Trading Services, Type 1 License Upgrade Conditions Accepted] Delin Holdings (01709.HK) announced that its 70%-owned subsidiary, Delin Securities (Hong Kong) Limited, received conditional approval from the Hong Kong Securities and Futures Commission on December 29, 2025, to provide virtual asset trading services under an omnibus account arrangement. Delin Securities has accepted the relevant conditions for its existing Type 1 (dealing in securities) regulated activity license and will commence related services upon formal approval by the SFC. Additionally, the company is advancing the upgrade of Delin Securities' Type 4 (advising on securities) regulated activity license, which is currently under final review by the SFC. The company will issue a separate announcement upon receiving the relevant approval.

[Significant Increase in Complexity of Crypto Asset Reporting for the 2026 Tax Season] Several digital asset tax experts have pointed out that the 2026 tax season (for the 2025 fiscal year) will become significantly more complex due to new regulations. Starting in 2025, U.S. brokers will be required to report crypto asset disposition information to the IRS, and Form 1099-DA will be widely used for the first time in 2026. Initial filings may default to 'zero cost,' requiring investors to accurately report their own cost basis. Tax calculations will be conducted separately by wallet and account, resulting in a massive workload for organizing historical transaction records, especially for users with multiple accounts and frequent participation in DeFi activities. Other considerations include: integrating data from multiple platforms, scheduling consultations with crypto tax experts, monitoring legislative changes, and compliance assessment reports. Industry insiders have referred to 2025 as a 'watershed' year for crypto tax regulations, with the impact expected to become fully apparent in 2026.