2025-12-31 04:24:05

The Market Fear & Greed Index is currently at 32 (indicating the fear zone), reflecting that investor sentiment remains cautious. As of yesterday, Bitcoin is priced at $88,488, continuing to maintain a strong position.

From a capital perspective, the performance of spot ETFs shows a clear divergence. North American markets saw a net inflow of $132.68M for BTC and $64.14M for ETH, indicating that mainstream assets continue to be favored by institutions. Meanwhile, the Hong Kong market remains calm, with net subscriptions for BTC and ETH both at zero, suggesting that institutional investors in the Asia-Pacific region are more conservative.

On the regulatory front, several noteworthy developments have emerged. The Korean government is advancing the drafting of the "Basic Law on Digital Assets" (Phase Two Virtual Asset Bill), which aims to include strict investor protection provisions, such as clarifying the responsibilities of digital asset operators and establishing a bankruptcy risk isolation mechanism for stablecoin issuers. However, due to disagreements with market participants like stablecoin issuers over specific clauses, the proposal's submission has been delayed, possibly until next year, and it is currently under review by the Financial Services Commission.

On the other hand, U.S. Senator Cynthia Lummis has introduced the "Responsible Financial Innovation Act of 2026"… (details to be added later)

In December, the Hong Kong Web3 ecosystem will also host a series of noteworthy events, further highlighting the strategic importance of the Asia-Pacific region in the digital asset field.

BTC1.22%

ETH1.01%

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MEVSandwichVictim

· 2h ago

North America is aggressive, while Asia-Pacific is laying low. Why is this difference so big?

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TommyTeacher1

· 2h ago

Afraid to buy the dip at the right range, really brave --- 8.8w still wants to go up? American institutions are really enjoying it, why is Asia-Pacific so restrained --- What is Korea up to again? Only true regulation can control it --- Is Hong Kong’s zero subscription really calm or just waiting? --- Stablecoins are about to be targeted again, this time it’s really going to be an issue --- Lummis is up to something new again, Americans are really quick --- Institutions are sweeping up Bitcoin, retail investors are still hesitating whether to buy the dip --- Fear of greed 32 is really backing down this time, waiting for the 80,000 bottom? --- Asia-Pacific is really conservative, or are they secretly buying? --- Regulation delays are routine now, just a feint --- North America is eating the meat, Hong Kong is drinking the soup, the gap is getting bigger

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StablecoinAnxiety

· 2h ago

Hong Kong has given up again, and institutions are all going to North America to raise funds.

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GateUser-cff9c776

· 2h ago

Hong Kong institutions have a net subscription of zero. How cold does it have to get to achieve that... From the supply and demand curve, this is a typical "Schrödinger's bull market." Investors in Asia-Pacific are still hesitating, while North America is already eating the meat.

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