Crypto Information Sharing, December 30, 2025 🏛️ Macroeconomics and Regulation: Digital Yuan (e-CNY) Enters the "Interest-Bearing Era" Interest-Bearing and Reserve Requirement Reform: The People's Bank of China has clarified that starting in 2026, the digital yuan will transform from a cash-like instrument to a "digital deposit." Balances in real-name wallets will accrue interest according to regulations and will be protected by deposit insurance. Banks' e-CNY reserves will be reduced from 100% to partial reserves, achieving a shift from off-balance-sheet to on-balance-sheet. South Korea's Compliance Upgrade: South Korea plans to expand its "Travel Rule" to small-value transactions and promote a stablecoin account freezing system, further refining its regulations. Japan's Tax Reform Expectations: Japan is considering uniformly reducing the tax rate on crypto assets to 20% and including them in the stock category framework. If implemented, this would significantly stimulate domestic investment. 🚨 Major Security and Risk Warning Flow Vulnerability Aftermath: Official confirmation that approximately $3.9 million in assets were stolen due to an execution-layer vulnerability. The "rollback" plan (to quell community controversy) has been abandoned, replaced by a phased "isolation recovery": Cadence logic will be restored first, while the EVM will remain read-only for now, with the process expected to be completed gradually within 48 hours. Hacks Reach New High in Money Laundering: A Chainalysis report states that North Korean hackers stole over $2.17 billion in assets in 2025 (including the $1.5 billion Bybit case), with money laundering methods becoming increasingly sophisticated. Precious Metals Experience Sharp Retreat: Spot gold/silver experienced a "flash crash," with silver falling by about 10% intraday. Profit-taking in a low-liquidity environment caused market volatility. 📊 Institutional and Funding Sector: Giants' "Buying Spree" Strategy (formerly MicroStrategy): Purchased another 1,229 BTC during the Christmas period (average price approximately $88,568), bringing its total holdings to a staggering 672,497 BTC, with an average cost of approximately $74,997. BitMine (BMNR): Aiming to become the ETH version of Strategy. Its ETH holdings have reached 4.11 million (approximately 3.41% of the total supply), with total assets of $13.2 billion. It plans to launch its US-based validator network, MAVAN, in Q1 2026. ETF Flow Divergence: BTC/ETH ETFs continue to record net outflows, but SOL and XRP ETFs buck the trend, attracting funds, indicating that investors are rebalancing their portfolios for the year-end. 🚀 Market Analysis and Project Updates Polkadot Halving: The community passed the "Hard Pressure" proposal, setting the total supply cap for DOT at 2.1 billion. The biennial halving will begin on March 14, 2026, reducing the inflation rate to 3.11%. RWA Explosion: Reality Asset Tokenization (RWA) TVL rose to $17 billion, becoming the fifth largest category in DeFi. Cantor Fitzgerald predicts the crypto space will surpass $50 billion in size by 2026. Fee Adjustment: Uniswap Labs has reduced all application and API fees to zero to support the ecosystem. IPO Window: 2026 may see a wave of crypto company IPOs. Kraken has confidentially submitted its IPO application, and Consensys and others are also in the process of listing. 💡 Key Commentary: While the market is experiencing a period of adjustment with institutional outflows at the turn of the year, the interest-bearing nature of the digital yuan and Polkadot's halving transformation signify a profound restructuring of Web3 infrastructure and the traditional financial system ahead of 2026.