XXYY.cc Daily News | Overview of Important Developments on December 24

21:00-07:00 Keywords: ETF Outflow · HashKey · Taishin Bank · Selig

1️⃣ The spot Bitcoin ETF recorded a continuous net outflow for four days, affected by the tightening liquidity during the Christmas holiday. On Tuesday, the net outflow of the U.S. ETF was $188 million. Market analysis indicates that year-end position adjustments and risk aversion sentiment dominate.

2️⃣ HashKey Capital's fourth-phase fund has successfully raised $250 million, focusing on infrastructure and applications with large-scale implementation potential. Despite market volatility, institutional demand for highly certain blockchain projects remains strong.

3️⃣ Taishin Bank collaborates with HOYA BIT to launch “24H Withdrawal with Zero Time Difference” to address the around-the-clock trading characteristics of the crypto market. Both parties have initiated a TWD trust business cooperation to solve the pain point of holiday fund blockages, enhancing the liquidity experience of virtual asset trading.

4️⃣ The SEC has filed a lawsuit against a $14 million AI-themed crypto scam. The SEC accuses multiple platforms, including Morocoin, of misleading retail investors with false AI investment advice. Regulatory authorities continue to exert high pressure to combat financial fraud utilizing trending concepts.

5️⃣ Wintermute warns: Bitcoin dominance soars, marking a temporary end to the “altcoin season.” Analysis points out that the current BTC market share continues to rise, while altcoins face heavy supply pressure and unlocking cycles, with the year-end market likely to maintain a volatile consolidation pattern.

6️⃣ Polymarket reports that its account has been attacked by a third-party vulnerability. In response to the recent user account theft incidents, Polymarket confirmed that the cause was a third-party service vulnerability rather than a breach of their system protocol, reminding users to enhance personal account security protection.

7️⃣ CFTC's new chairman Michael Selig has officially taken office as the 16th chairman. Selig's appointment is seen as a signal of a shift in regulatory direction. The market expects the new leadership to promote a more constructive regulatory framework for crypto assets.

8️⃣ Cardano developers hint that the Midnight privacy layer will connect to Ethereum. Developers disclosed that the Midnight protocol has completed the integration of key hash functions, aiming to achieve privacy interoperability between Ethereum and Cardano wallets, promoting multi-chain interoperability.