TokenomicsTrapper

【BitPush】A major Korean exchange recently found itself in controversy. A lawmaker from the ruling party repeatedly criticized the platform's monopoly issues during committee meetings, while his son was arranged to intern at a competitor platform, raising serious questions.
Here's what happened: The lawmaker was originally a member of the National Assembly's Political Affairs Committee, which directly oversees financial institutions and crypto platforms. In February this year, his team began attacking the operations of this leading exchange at the parliamentary level, focusing on market monopoly accusations. Almost simultaneously, according to media investigations, the lawmaker's son met secretly with a competitor after a meeting with his father in November 2024, and was quickly arranged as a data analysis intern.
What’s more striking are the details: The lawmaker later criticized the platform multiple times in committee meetings for approximately 700,000 violations found in anti-money laundering and KYC checks. However, he did not make similar comments about other competitors with similar issues.
The current attitudes from all parties are quite interesting.

【比推】韩国最大的支付处理商BC Card宣布与某头部公链达成合作，双方将联合推进基于美元稳定币USDC的本土支付试点项目。这次合作的核心看点是什么？把某头部公链生态的钱包功能与BC Card的QR扫码支付系统打通，让用户能直接用USDC在韩国商户消费，最后自动以韩元结算。听起来简单，但背后要解决的问题不少——合规性审查、不同链之间的互操作性、以及能不能真正落地到日常支付场景。这轮测试就是为了验证这些问题到底有多复杂。从稳定币支付的角度看，这是个关键信号：大型支付机构开始正视Web3钱包在零售支付中的潜力，而不是纯粹把它当成投资工具。

Galaxy Digital transferred approximately 447 Bitcoins to a major exchange and a compliance platform on December 29, demonstrating its active involvement in digital asset management. Recent frequent large transfers have attracted market attention, and investors are full of speculation about its motives.

A well-known research institution's leader stated that the team is continuously increasing their ETH holdings due to optimism about the 2026 bull market, the accumulation of short positions in the futures market, and favorable overall macroeconomic conditions. The institution's strategy is to hold a heavy position in ETH and maintain balanced allocations in other cryptocurrencies like BTC. Recently, they purchased 11,520 ETH in a single transaction, demonstrating strong confidence in the market.

In 2025, the U.S. Securities and Exchange Commission will introduce unified listing standards for commodity trusts, changing the approval logic for cryptocurrency ETFs. The approval process will be faster, and the thresholds will be clearer. The new standards specify the conditions under which digital assets are classified as commodities, promoting the listing of more cryptocurrency ETFs and marking mainstream financial recognition of on-chain assets.

Recently, MicroStrategy was rated B- by rating agencies with a stable outlook, due to its solid financial position and the establishment of reserve funds in advance to cover future dividends and interest. Despite the decline in Bitcoin prices, MSTR has supplemented its funds through financing, maintaining sufficient cash flow and the ability to continue holding Bitcoin, reflecting its long-term strategy.

This year, the crypto market has performed strongly, with global registered users reaching 300 million, an increase of 50 million from 250 million in January 2025. Factors such as market enthusiasm and product experience have attracted a large number of new users, reflecting the industry's continuous expansion.

SOL's recent trend shows a large bearish candlestick pattern, with the bears gaining momentum. Despite a price rebound, trading volume is decreasing, and upward momentum is weakening. MACD indicates diminishing bullish strength, while the KDJ golden cross signals a neutral market. Key buy levels are 120.06 and 120.0, and sell levels are 124.86 and 124.0. Pay attention to changes in trading volume.

On-chain data shows that 100 million UNI tokens have been burned, with the price breaking through $6. A seasoned whale trader has accumulated a profit of $23.415 million through swing trading, demonstrating the importance of market cycle understanding and data monitoring.

US inflation data has improved, reducing the urgency for the Federal Reserve to raise interest rates, leading to increased market liquidity. Bitcoin price is approaching $87,400, and risk assets are expected to rebound. Future data will influence whether the crypto market can rise again.

A well-known publicly listed company has established a $2.2 billion cash reserve pool to pay preferred stock dividends and debt interest, while maintaining Bitcoin holdings. This strategy reflects active institutional management of liquidity, aiming to reduce the risk of forced sales and provide stable signals to the Bitcoin market.

The well-known cryptocurrency trading platform Bit.com announces an orderly contraction of its business and the promotion of user asset migration. The platform will provide operational guidance through multiple channels to ensure users smoothly complete asset transfers. Bit.com is a subsidiary of Matrixport, and founder Wu Jihan will influence its future direction.

【BiTu】Data shows that Ethereum's contract trading volume this year has far exceeded previous years' levels. Just looking at a leading exchange, the trading volume of Ethereum futures in the past year exceeded $6.74 trillion, almost twice as much as in 2024. And 2024 itself has already broken historical records, so you can imagine how crazy 2025 will be—Ethereum has definitely become one of the most active assets in the global derivatives market.
What's even more interesting is the ratio of spot to futures. Data indicates this ratio is about 0.2, in other words, for every 1 dollar of ETH bought in the spot market, 5 dollars are poured into futures. This extremely unbalanced allocation looks very extreme and clearly reflects the market's speculative enthusiasm for Ethereum in 2025. High leverage, large trading volume, unbalanced allocation—these three factors together have basically made futures the ultimate determinant of Ethereum's price.
And the result? Ethereum's price volatility has been放