Article by: Martin
Recently, the public statement made by Elvira Nabiullina, Governor of the Central Bank of Russia, during an RBC interview, has attracted global attention. She explicitly pointed out that cryptocurrency mining could be one of the important factors contributing to the strengthening of the ruble. Although not directly attributed, recognizing the value inflow brought by mining activities has become an auxiliary factor supporting the national currency's exchange rate. This stance marks a further clarification of Russia's regulatory attitude towards the crypto mining industry and also highlights the industry's special value in the national economy.
On November 1, 2024, the legalization bill for cryptocurrency mining in Russia officially took effect, laying a regulatory foundation for industry development. According to the new regulations, legal entities and individual entrepreneurs are required to register with the special tax registration office. Personal miners must adhere to a monthly energy consumption limit of 6,000 kWh, and all practitioners are required to report mining income in accordance with the law.

Techub News: Cryptocurrency ETF Provider Amplify ETFs Launches Amplify Stablecoin Technology ETF (STBQ) and Amplify Tokenized Technology ETF (TKNQ). The Amplify Stablecoin Technology ETF (STBQ) aims to provide investors with targeted exposure to innovative stocks and digital assets that drive the growth of the stablecoin economy. STBQ focuses on companies and crypto assets generating substantial revenue through payment technology, digital asset infrastructure, and trading platforms. STBQ seeks investment returns that are overall correlated with the MarketVector™ Stablecoin Technology Index (MVSTBQ) total return performance (before fees and expenses), and during rebalancing, allocates 25-50% of assets to stablecoins and

Written by: Zhang Feng

After Hainan's customs closure operation, the Renminbi within its borders has not changed its fundamental property as domestic Renminbi, but within the EF account system, it has been given highly similar offshore Renminbi convenience functions. Therefore, it can be summarized as "overall onshore, account-type offshore."


1. The entire area still uses domestic Renminbi (CNY)

It is necessary to clarify a basic positioning first: the Hainan Free Trade Port is a special area under the supervision of Chinese customs, rather than a sovereign foreign area "outside the customs territory". It is still within the customs boundaries and monetary sovereignty jurisdiction of China.

Therefore, the RMB circulated and stored throughout Hainan Island has the same legal nature as the RMB in places like Shanghai and Beijing, and all belong to domestic RMB (CNY), uniformly regulated by the People's Bank of China, implementing the same monetary policy and clearing rules.

For ordinary residents and businesses in Hainan at the bank

The crypto assets market is showing a volatile trend, with Bitcoin trading in the range of 120 million Korean Won, indicating a downward trend. According to the main exchange in South Korea, the current trading price of Bitcoin is 127.76 million Korean Won, down about 1% in the last 24 hours.
Market analysts believe that Bitcoin is currently in a short-term adjustment phase and point out that technical indicators show that downward pressure may persist. In particular, the short-term moving average has fallen below the long-term moving average, and this bearish signal has led to a contraction in investor sentiment. Experts predict that if BTC cannot recover the 130 million Korean won mark, the possibility of further declines is significant.
Ethereum ( ETH ) trades in the range of 4.3 million won, down 1.56%; Ripple ( XRP ) is quoted at 2723 won, showing a decline of 1.65%. In contrast, Solana ( SOL ) maintains relative strength at 179,000 won, demonstrating the phenomenon of differentiation among altcoins in the market.
Global financial does not

As the Bitcoin network's computing power curve turns downward in early 2025, the market's interpretation instantly polarizes. On one side is the media's portrayal of a "Mining Farm winter" and a "Capitulation wave," while on the other side is the historical data presented by institutions, suggesting this could be a precursor to the market hitting bottom. Amidst this information vortex, technical practitioners possess a unique privilege — they do not have to choose which narrative to believe, but can bypass all intermediary interpretations and directly question the data itself. On-chain data is the most honest ledger Bitcoin leaves for validators; every fluctuation in hashrate and every miner's income and expenditure decision is solidified in the public blocks and transaction records. The following content discusses how to exercise this privilege. This is not another market perspective, but a methodology on how to build your own validation framework using code, transforming the vague "miner pressure" into clear, computable, and monitorable indicators, ultimately establishing clarity amidst the chaotic market noise.

Written by: KarenZ, Foresight News

The U.S. Commodity Futures Trading Commission (CFTC) has officially welcomed a new leader.

According to the statement released by the CFTC on December 22, 2025, Michael Selig Sworn officially took office that day, becoming the 16th chairman in the history of the agency.

Appointment Background

Michael Selig Sworn was nominated by President Trump on October 27, 2025, and confirmed by the U.S. Senate on December 18. This appointment marks a realignment of the Trump administration's financial regulatory system, particularly in establishing a regulatory framework for the emerging digital asset market.


However, the nomination process was not smooth sailing.

Written by: FinTax

In October 2023, the Council of the European Union adopted Directive (EU) 2023/2226 (DAC8), completing the seventh amendment to Directive 2011/16/EU on Administrative Cooperation in Direct Taxation (DAC), incorporating the Crypto-Asset Reporting framework of the Organization for Economic Cooperation and Development (OECD).

Written by: Wu Says Blockchain

What are the top concerns of crypto users in 2025? We conducted a user survey using AI large models, asking different large models the same question: "What are the three most frequently asked questions about cryptocurrency by users in the year 2025?"

In order to minimize the homogenized answers resulting from online retrieval across different models, and considering that large models typically cannot and are not allowed to perform verifiable statistics and disclosures on their training data, we included a supplementary sentence in the questions: "Please do not perform real-time searches, nor cite specific articles, but answer based on your understanding of long-term discussion patterns."


ChatGPT

1. How far can this bull market go? Is Bitcoin already nearing its peak?
2. Is there still real Alpha in this round of the market, and what can ordinary users rely on?

On the 24th, the South Korean stock market experienced Fluctuation, with the composite stock price index KOSPI rising by 14.03 points to 4,131.35 points, mainly driven by net purchases from individual and institutional investors. The KOSDAQ index, on the other hand, fell slightly by 0.10%. The Korean won depreciated against the US dollar, and gold prices rose.

The content that received the highest response in the community the previous day was the questioning of whether the sharp fluctuation in the exchange rate during the early morning hours was due to the Korean won's defense process. Beyond merely sharing the exchange rate figures, concerns about the potential transfer of fluctuations in the forex market to overall risk assets continue to emerge. Some investors are following the trend of the exchange rate as it may become a leading indicator that suppresses domestic investment sentiment.
Interpretation of the dramatic changes in the Exchange Rate and attempts to relate them to the macro environment
In the context of the rapid fluctuations of the Korean Won to US Dollar Exchange Rate, various interpretations have been proposed. The content that links the reasons for the fluctuations to changes in the global financial environment, geopolitical tensions, and uncertainties in political diplomacy has received significant attention, surpassing discussions on short-term supply and demand issues. In particular, as news related to the evacuation of diplomats' families and other international situation reports are mentioned, the market has also shown reactions reflecting risk aversion sentiment.
Be vigilant about the slowdown of capital flow in the cryptocurrency market.
About the emergence of digital asset investment products

The French state postal service, La Poste, and its banking subsidiary, La Banque Postale, suffered a large-scale distributed denial-of-service attack on the eve of the Christmas holiday, resulting in a complete outage of online services. This rendered the website, mobile applications, email inquiry systems, and even the digital storage platform Digiposte all unusable, and online banking services were effectively interrupted, causing great inconvenience to millions of users.
On the day of the attack, La Poste stated that the collection and delivery of physical mail were still in operation, and core financial functions such as ATMs, in-store card payments, and SMS verification transfers were also operating normally. The company specifically emphasized that customer personal information was not compromised. However, there have been actual service disruptions such as delays in parcel collection and delivery and temporary closures of some post offices, leading to growing dissatisfaction among consumers.
The French prosecution has officially launched an investigation into this incident, but the mastermind behind the attack has yet to be identified. Observers have pointed out that, given the situation in Europe, with

Global workflow automation company ServiceNow has officially announced its acquisition of internet of things security startup Armis for $7.75 billion (approximately 11.16 trillion Korean Won). The transaction will be conducted entirely in cash, with the acquisition price reflecting a premium of about $1.5 billion over Armis's valuation during the investment round in November last year, which included participation from CapitalG, a growth investment fund under Alphabet.
Armis provides technical protection against cyber attacks for various connected devices (such as industrial robots, office printers, etc.) through a security platform called Centrix. Traditional security solutions typically collect data by installing agents within the system, whereas Armis uses an agentless approach to detect connected devices and identify potential threats, and its differentiated technological competitiveness has been recognized by the industry.
ServiceNow plans to expand its network through this acquisition.

Chinese artificial intelligence startup MiniMax has released a new AI model M2.1, once again challenging the global generative AI competition. This model significantly enhances the diversity of programming languages and the ability to respond to real work environments, demonstrating comprehensive performance improvements not only in code assistance but also in document writing and conversational responses.
The newly released M2.1 has significantly enhanced the understanding and generation accuracy of various programming languages through performance upgrades that surpass the previous generation model M2. The supported languages have been expanded to include Rust, Java, Go, C++, Kotlin, Objective-C, TypeScript, JavaScript, and others. Its user interface design and aesthetic composition capabilities on Web, Android, and iOS platforms have also received significantly improved evaluations.
Notably, M2.1 not only enhances the correctness of simple code execution, but its resolution

The crypto assets market is showing a volatile trend, with the trading price of Bitcoin (BTC) at 129,650,000 Korean Won, down 2.56% from the previous day, with the decline slightly easing.
Bitcoin has fluctuated between 130 million and 135 million Korean won in the last 24 hours, adjusting due to its inability to break through the 90 million won (USD benchmark) resistance level. Since entering the fourth quarter, it has fallen over 22%, continuing its weakness, which is considered one of the worst year-end performances aside from the major bear market.
Against this backdrop, analysis indicates that the weakness of the US dollar index may become a positive factor for Bitcoin. Another situation worth noting is that, although asset management company BlackRock has listed Bitcoin ETFs as a major investment theme, the recent outflow of funds from spot ETFs is exacerbating market uncertainty.
The trading price of Ethereum (ETH) is 4.34 million KRW, down 4.06% from the previous day; Ripple (XRP) is reported at 2789.