📅 December 27, 2025: Regulatory Maneuvering and the "Silver Frenzy" 🚨 Key Risks and Warnings • Coinbase Data Breach: An Indian contractor was arrested for involvement in a data breach. The hackers demanded a $20 million ransom, and Coinbase estimates the remediation costs could reach $400 million. • Fraud Network: Pakistan dismantles a $60 million cross-border crypto fraud network, arresting 34 people and seizing tens of thousands of international SIM cards. • Long Position Liquidation: BTC briefly fell below $87,000, resulting in the forced liquidation of approximately $45 million in leveraged long positions. 📈 Market and Macroeconomics • Silver Surge: Spot silver broke through $79/ounce for the first time in history, with a year-to-date increase of over 160%. Significant capital inflows into precious metals are evident. • Regulatory Outlook: In 2026, the US may see a dual-track pattern of "SEC system reform + increased CFTC influence." • On-Chain Revenue Ranking: Top three public chains by revenue in 2025: Solana ($1.3 billion) > Hyperliquid ($816 million) > TRON ($608 million). 💡 Project Updates • Solstice: Updated public offering terms, 100% unlocking of tokens when converted to TGE, and offers a 14-day no-questions-asked full refund. • Binance Alpha: Launched the COLLECT event; simultaneously distributed rewards for the Arbitrum network trading competition (VSN/LAVA). • Mining Company Transformation: In 2025, mining companies transforming into AI/HPC (High-Performance Computing) significantly outperformed pure mining companies in terms of stock price.