I. Technical Upgrade and Token Launch
1. Ethereum Fusaka Upgrade (December 3, 21:49 UTC)
Core Transformation: Through the PEERDAS protocol and dynamic blob expansion, processing capacity increased several times, node bandwidth requirements reduced to 12.5%
Impact: Reducing Layer 2 costs, paving the way for large-scale DApp applications, possibly triggering the market to reassess Ethereum's value
2. Cardano Midnight Network NIGHT token launch (December 8)
Officially launched as a Cardano native asset, supporting trading, staking, and privacy features
Total supply of 4.5 billion tokens, with four subsequent distributions occurring within one year after the initial allocation
Multiple exchanges have prepared to launch simultaneously, injecting new vitality into the Cardano ecosystem
3. Important token unlock
December 1: dYdX unlocks 150 million tokens (approximately 1.2% of circulation)
December 3: SUI unlocks 40 million tokens
December 15: SEI unlocks 55.56 million tokens (approximately 1.31% of circulation)
2. Global industry conferences and events
December 2: Digital Finance Summit 2025, location: Brussels, highlights: Focus on AI, blockchain, and embedded finance
December 3-4: Binance Blockchain Week, location: Dubai, highlights: Global exchange dynamics, Web3 innovation
December 8-9: Bitcoin MENA Conference, location: Abu Dhabi, highlights: The largest Bitcoin event in the Middle East, 5000+ attendees
December 8-9: Global Blockchain Show, location: Abu Dhabi, highlights: 200+ speakers, 100+ sponsors, discussing regulation and innovation
December 10: Taipei Blockchain Week, location: Taipei, highlights: Blockchain ecosystem exchange in Asia
December 13-15: The 7th CCF China Blockchain Technology Conference, location: Shanghai, highlights: China's blockchain policies and technological development
December 16-17: U.S. Blockchain Association Policy Summit, location: Washington, highlights: Dialogue with regulators, influencing policy-making
December 22: 2025 Trustworthy Blockchain Summit, location: online and offline combined, highlights: 'Building trust technology together, unleashing collaborative value'
3. Exchange dynamics
1. New features launched
December 5: Coinbase launches round-the-clock altcoin monthly futures trading
December 12: Coinbase launches altcoins (including Cardano) U.S. perpetual contracts
December 15: Cboe launches Bitcoin (PBT) and Ethereum (PET) continuous futures (in perpetual contract form)
December 18: Binance launches USUAL spot trading
2. Security and recovery
December 1: Upbit begins phased restoration of deposit and withdrawal functions starting at 1 PM (UTC+9)
4. Regulatory policy milestones
1. EU MiCA Act fully implemented (December 30)
The world's first comprehensive regulatory framework for crypto assets officially takes effect
Impact: Issuers of stablecoins must meet strict capital and reserve requirements, and non-compliant assets (such as some USDT) will be delisted
There may be differences in interpretation of rules among the 27 EU countries, which may initially cause market confusion
2. U.S. policy dynamics
December 6: Trump officially appoints David Sacks as White House AI and cryptocurrency affairs commissioner (first establishment of this position)
Mid-December: Federal Reserve FOMC meeting, market expects 85% probability of a 25 basis point rate cut, which will affect cryptocurrency liquidity
3. China's regulatory continuation
On November 28, the central bank clarified that stablecoins are defined as virtual currency, reiterating that 'restrictive policies remain unchanged', and enforcement will continue to strengthen in December
5. Progress of central bank digital currency
1. International application breakthrough of digital RMB (December)
The International Air Transport Association (IATA) officially incorporates digital RMB into the global settlement system (BSP), allowing 581 global airlines to settle using digital RMB
China becomes the first country to achieve large-scale application of central bank digital currency in the aviation industry
2. Domestic promotion of digital RMB
In December, continue to expand the pilot projects, aiming to cover all prefecture-level cities by the end of 2025 and all districts and counties by the end of 2026
The central bank is studying the optimization of the positioning of digital RMB in the monetary hierarchy (M0→M1), which may release trillion-level market potential
6. Other important events
1. Exchange tokens and DeFi
December 9: Secret Network's SilentSwap privacy trading protocol goes live
December 10: Multiple exchanges (OKX, Upbit, Binance, etc.) list MOVE tokens
2. Institutional movements
December 10: Microsoft's shareholder meeting discusses Bitcoin investment proposal
December 26: BitMEX Ethereum quarterly futures (ETHUSDZ25) expire and settle
Focus on calendar
December 3: Ethereum Fusaka upgrade → A milestone in blockchain scalability
December 8: Cardano NIGHT token goes live → A new player in the privacy computing track
December 15: Cboe perpetual futures launch + SEI token unlock → Market volatility and liquidity changes
December 30: EU MiCA fully implemented → A new global regulatory landscape is formed
Note: The above dates are based on official announcements, and some activities may be adjusted due to technical reasons. The crypto market is changing rapidly; it is recommended to follow official channels of projects for the latest updates.
