24-Hour Hot Cryptocurrencies and News | Spot Gold and Silver Plunged Yesterday; Flow Adopts Isolation Recovery Solution

Top 10 CEX trading volumes and their 24-hour price changes:

1. BNB: -0.58%
2. BTC: -0.46%
3. ETH: -0.07%
4. SOL: -0.64%
5. XRP: -0.70%
6. ZEC: +2.22%
7. AVNT: +10.71%
8. ACT: +3.56%
9. TRX: -0.21%
10. ADA: -3.15%

24-hour gainers list (data source: OKX):

1. ONT: +26.11%
2. ZRX: +11.78%
3. AVNT: +11.74%
4. WOO: +11.31%
5. Night: +10.62%
6. ANIME: +6.85%
7. MMT: +6.59%
8. BABYDOGE: +5.80%
9. GODS: +5.67%
10. KMNO: +5.56%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

• ProShares UltraShort Silver: 20.43%
• Eightco Holdings Inc.: 12.91%
• VivoPower International PLC: 11.89%
• ProShares UltraShort Gold: 9.75%
• Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF: 7.35%
• Intchains Group Limited: 4.92%
• NIO Inc.: 4.51%
• T-Rex 2X Inverse MSTR Daily Target ETF: 4.32%
• Verb Technology Company, Inc.: 4.18%
• Direxion Daily FTSE China Bear 3X Shares: 4.10%

2. Top 5 most popular on-chain memes (data source: GMGN ):

• Kurumi
• WYNN
• snowball
• WhiteWhale
• Fund

Headlines

Spot gold fell below $4,350, plunging more than $180 during the day.

Spot gold accelerated its decline, falling below $4,350 per ounce, a drop of over $180 on the day, or 4%.

Flow: Abandon rollback and adopt a new isolation recovery solution.

Flow officially updated its X platform regarding the attack, stating that it is abandoning network rollback and shifting to an “isolation recovery plan.” Key points of the new plan include: 1. No rollback/reorganization, preserving all legitimate user activity; 2. No need for partner replay transactions; 3. Over 99.9% of accounts are unaffected, and normal operation resumes immediately after restart; 4. During restart, accounts receiving illegally minted tokens will be temporarily restricted. Furthermore, the network will be restored in phases: Phase 1, Cadence environment goes live, EVM is temporarily restricted; Phase 2, Cadence is repaired (approximately 24-48 hours); Phase 3, EVM is repaired and restarted; Phase 4, cross-chain bridges/exchanges resume operation, with the specific recovery time determined by the operators after confirming stability based on the actual situation.

Industry News

Cicely LaMothe, Deputy Director of the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC), announced her retirement.

Cicely LaMothe, Deputy Director of the Corporate Finance Division at the U.S. Securities and Exchange Commission (SEC), has announced her retirement. She played a crucial role in crypto regulation over the past year, including issuing clarifications stating that Memecoin is not a security and outlining the SEC’s regulatory stance on staking. LaMothe joined the SEC in 2002 and was involved in key work such as drafting registration and filing policies. Her departure comes in the second year of the SEC’s more favorable approach to the crypto industry. During this period, the SEC approved some listing standards for crypto-asset-related ETFs, dropped several enforcement cases against prominent crypto companies, and advanced Project Crypto to update the regulatory framework for digital assets. In addition, the SEC confirmed that Nekia Hackworth Jones, Deputy Director of the Southeastern District of Enforcement, completed her term at the end of December.

Trump: Favored Fed Chair candidate “has not changed”

US President Donald Trump said he is considering suing Federal Reserve Chairman Jerome Powell for “incompetence.” Trump stated that his preferred candidate for Fed chairman “has not changed” and expects to announce the new Fed chairman in January.

South Korean media reports that a high-ranking official in the ruling party is involved in a conflict of interest related to cryptocurrency regulation: his son interned at Bithumb while criticizing Upbit.

Kim Byung-ki, the floor leader of South Korea’s ruling Democratic Party, is facing pressure to resign. Multiple South Korean media outlets have revealed that while the National Assembly was pushing for criticism of Upbit, South Korea’s largest cryptocurrency exchange, his son was interning at rival Bithumb, raising concerns about a potential conflict of interest. According to a former aide to Kim Byung-ki, at Byung-ki’s request, his team launched a concentrated attack at the National Assembly level against Upbit’s operator, Dunamu, accusing it of monopolistic practices in the domestic cryptocurrency exchange market. This instruction reportedly occurred in February of this year, when Byung-ki was still a member of the National Assembly’s Political Affairs Committee, which has direct oversight authority over financial institutions and cryptocurrency exchanges. Investigative media outlet NewsTapa previously reported that Byung-ki’s son was placed in an internship at Bithumb’s data analytics team shortly after a private meeting with Bithumb executives in November 2024. In the following weeks, Kim Byung-ki repeatedly criticized a “trading platform with a market monopoly” at committee meetings. Although he did not name it, it was widely interpreted as referring to Upbit. However, Kim Byung-ki himself has denied the conflict of interest allegations, emphasizing that his remarks were based on his principled stance against market monopolies and that his son’s employment was “completely unrelated” to his legislative and regulatory activities.

Caixin: The digital yuan will receive an upgrade, and starting January 1, 2026, wallet balances will accrue interest.

The digital yuan will undergo an upgrade, with wallet balances accruing interest starting January 1, 2026. Without altering the two-tier operating structure, digital yuan held by banking institutions will move from off-balance-sheet to on-balance-sheet, changing from 100% reserve requirements to partial reserves. Non-bank payment institutions will implement a 100% digital yuan margin requirement. Banks will pay interest on customers’ registered digital yuan wallet balances, adhering to deposit interest rate pricing self-regulatory agreements, and can independently manage their digital yuan wallet balances, with deposit insurance providing the same security guarantees as deposits. For non-bank payment institutions, the digital yuan margin is indistinguishable from their customer reserve funds.

Standard Chartered and Ant International launch commercial blockchain tokenized deposit scheme in Hong Kong and Singapore

Standard Chartered Bank and Ant International announced the official commercial launch of their blockchain-based tokenized deposit solution in Hong Kong and Singapore, enabling 24/7 real-time fund transfers. The solution supports instant settlement in Hong Kong dollars, offshore RMB, and US dollars, aiming to improve the efficiency of global cash and liquidity management for cross-regional enterprises. Developed under the Project Ensemble framework and distributed ledger technology regulatory sandbox led by the Hong Kong Monetary Authority, the solution tokenizes Ant International’s accounts on its proprietary Whale blockchain cash management platform, enabling near real-time liquidity transfers between different regional entities within a company. Standard Chartered stated that the solution breaks through the limitations of traditional bank operating hours and settlement cycles, meeting enterprises’ needs for “instant liquidity.” Ant International stated that this collaboration deeply integrates its global payment and tokenization technology capabilities with Standard Chartered’s banking system, further optimizing cross-border working capital management. This launch is considered a significant milestone in Project Ensemble’s efforts to promote the application of tokenized assets and is expected to encourage more enterprises to explore the practical application of tokenized deposits within the region.

Cryptocurrency ownership rates by country in 2025: UAE ranks first with 31%.

arndxt posted on the X platform that, according to the 2025 ranking of cryptocurrency holding rates by country, the UAE ranks first with 31.0%, followed by Turkey (25.6%) and Singapore (24.4%). Other major countries and regions have the following holding rates: Vietnam 21.2%, Brazil 20.6%, the United States 15.5%, Hong Kong 14.3%, South Korea 13.6%, Germany 8.9%, Japan 5.0%, and China 3.7%.

UK financial institutions: Stablecoin regulatory positioning and payment integration will be core issues in UK crypto regulation in 2026.

A recent report by UK financial institutions outlined the progress of UK crypto regulation in 2025 and provided a key policy outlook for 2026. UK Finance noted that the past year has seen intensive discussions in the UK regarding stablecoins, crypto asset trading platforms (CATPs), and the prevention of market manipulation. The regulatory focus is gradually shifting from “unanchored crypto assets” to stablecoins backed by real-world assets. UK Finance stated that regulators are increasingly viewing stablecoins as tools with payment and monetary attributes, rather than simply investment-type crypto assets. This classification will directly impact redemption timelines, KYC requirements, and issuer compliance costs. It also cautioned that if the regulatory burden on sterling stablecoins is higher than that on non-sterling stablecoins issued overseas, it could induce issuers to relocate, weakening the UK’s control over stablecoins and monetary policy. Furthermore, UK Finance pointed out that the core challenge in 2026 lies in striking a balance between encouraging innovation, protecting consumers, and maintaining the resilience of the financial system. This includes systemic stablecoin redemption rules, multi-currency and multi-issuer structure design, and the integration of stablecoins with traditional payment methods in payment scenarios. With the UK Financial Conduct Authority launching a regulatory sandbox for non-systemic stablecoins, the UK is entering the policy implementation phase. Whether the final regulatory framework can balance innovation and competitiveness will determine whether London can maintain its status as an international financial center.

Project News

The ether.fi Foundation spent 700,000 USDT last week to buy 987,709.78 ETHFI.

The ether.fi Foundation spent 700,000 USDT last week to buy 987,709.78 ETHFI, bringing the total buyback amount to $13,182,149 to date.

Hourglass: Stable pre-deposit program Phase 2 funds will be available for withdrawal on December 31, 2025.

Hourglass announced on its X platform that deposits from the second phase of the Stable Pre-Deposit program will be available for withdrawal on December 31, 2025. Further details regarding the withdrawal process will be released soon.

Investment and Financing

Tron Inc., a publicly traded company, received a strategic investment of US$18 million from Justin Sun.

Nasdaq-listed digital asset treasury company Tron Inc. announced that it has received a strategic investment of $18 million from Justin Sun. The company plans to use the proceeds to expand its TRX treasury, strengthen its balance sheet, and expand its digital asset reserves.

Character voices

Vitalik Buterin: Ethereum aims to reclaim users’ autonomy and freedom.

In an article published on the X platform, Vitalik Buterin stated that while the cloud provides convenience to users, it comes at the cost of their autonomy and freedom. Buterin pointed out that the current computing field is in a utopian dilemma of “you will have nothing,” and everyone is implicitly trapped in this situation. Ethereum’s goal is to reclaim users’ autonomy and freedom.

Analysis: Gold and silver prices have fallen sharply; low liquidity warrants caution regarding continued volatility.

Silver’s strong performance last week undoubtedly made it the focus of attention. Rumors of short squeezes and margin calls fueled Friday’s final surge, but that sentiment is now dissipating. Silver prices fell over $7 during the day, marking its largest single-day nominal drop ever. Precious metals are currently in a sentiment-driven market, with gold also suffering from profit-taking, falling approximately 4% today. Analysts point out that we are currently in a challenging trading environment. Overall market liquidity is generally low, which often leads to abnormally amplified price volatility. Hedge funds are unwilling to intervene against the trend to hedge against excessive price movements, and market makers are also limiting their participation.

This article is sourced from the internet: 24-Hour Hot Cryptocurrencies and News | Spot Gold and Silver Plunged Yesterday; Flow Adopts Isolation Recovery Solution (December 30)

Related: Web3 2025 Annual Report (40,000 words) (Part 1): Facing the historical convergence of finance × computing × internet ord

我们正置身一个极少有人看懂、但正在迅速成形的时代：金融体系、计算体系与互联网秩序正悄无声息地被重新书写。人类第一次需要同时回答三个问题，而 Web3 产业恰恰是这三条线在 2025 年第一次交点重合的地方。过去的十年里，Web3 的叙事始终围绕基础设施：扩容、跨链、ZK、L2、模块化——技术不断前进，但应用、监管与资本从未在同一时刻对齐。而今年，这三者第一次同时落在了同一条时间线上：在监管上，例如美国完成关键立法，稳定币与比特币正式进入国家战略体系。中国香港在稳定币立法、虚拟资产服务监管细化、RWA 迈向结构试点实现巨大监管迈进；主流公链的交互成本降至几美分以下，基础设施的性能瓶颈不再限制产品创新；资本从叙事驱动重新回到真实世界资产与真实交易行为。这意味着，Web3 行业终于进入了一个过去十年从未真正拥有的结构性落地时代。链不再需要证明它能跑，链需要证明它值得被使用。全文分为三个主线，分别讲述链上资产作为资产、作为市场、作为区块链的发展路径，以及他们如何与全球金融、科技与国家治理体系形成了深交点。第一部分“作为资产”从预防性降息、美国法案与稳定币监管入手，解释稳定币、RWA、DAT 如何构成新的价值中介层、收益锚定层与资金管理层。在这一层里，USDC 被白标化模式侵蚀，公链开始重新夺回利差税，RWA 与美股上链进程带来制度与流动性的双重博弈，而链上支付也从技术驱动转向场景驱动，呈现分地区分路径的发展格局。这一阶段不仅体现为美国金融结构的调整，也在中国香港等国际金融中心的制度兑现中得到验证。第二部分“作为市场”将讨论市场微结构、杠杆与消费级应用的演化，PrepDEX 和预测市场作为明星项目，解释为什么区块链市场并非“脱实向虚”的金融工具，而是一套正在被制度化、数据化、自动化的市场机器。同时也回答一个常被忽略的问题：为什么市场效率的提升反而促进了资产体系的成熟。第三部分“作为区块链”聚焦技术底层与 AI 时代的新需求。区块链不再以“去中心化”为卖点，而成为机器经济与智能体原生体系的基础设施。A2A 微支付、分布式代理、分布式训练等新机制，使互联网开始从“人类访问网络”转向“机器访问网络”。这份报告试图回答的不是“Web3 市场是否会继续增长”，而是更深的问题：在基础设施时代结束后，Web3 的价值将从哪里被重新定义？ 在一个更庞大、更复杂、更现实的体系中，Web3 的边界将被如何重塑？ 封面：Photo by Visax on Unsplash，，Typography by Web3Caff Research 字数：全文共计 43500+ 字 致谢：感谢大松、越越、十四君在访谈中提供宝贵行业信息与洞见，为本文研究提供重要参考 说明：由于篇幅原因，本份研报分为上下两篇发表，本篇为上篇（包含章节：导读、PART 1），剩下章节（Part II、Part 3、展望未来）将在下篇更新完结 目录 导读：从技术竞速到价值创造，2025 的区块链大转向 PART 1，作为资产风起于微处：基础设施建设节奏中的新周期 美国监管大转向：从执法压制到制度护航《BITCOIN 法案》：比特币纳入国家战略储备体系 《GENIUS 法案》：确立稳定币的许可框架 《CLARITY 法案》：为 Token 属性划定明确边界 中国香港市场迎重要进展：从 “制度搭建期” 迈入 “结构兑现期”稳定币立法落地，中国香港正式进入 “规则可执行” 阶段 RWA 从 “政策鼓励” 转向 “结构试点”，但节奏依然审慎 虚拟资产服务监管细化，市场进入 “结构性分层” 国际比较中的中国香港：不是最快，但可能最 “耐用” 价值中介层：稳定币（Stablecoin）链上美元的新国际主义 媒介即信息：信息/结算一体化的原生创新 分发即权力：白标化时代的 “收益回收” 运动 收益锚定层：RWA（Real-World Asset）资产结构差异：股权 vs 收益权 vs 凭证 非股权类 RWA 的链上优势：效率提升的主战场 美股上链：现实与潜力的分裂轨迹 资金管理层：DAT（Digital Asset Treasury）叙事转向：从链上资产到可管理资产 市场格局：DAT 的崛起与资本扩张路径 风险结构：溢价依赖与周期性脆弱性 资产分层：比特币、以太坊、Solana 的战略定位 应用流通层：支付（Payment）Web2 支付巨头：Stripe 与 PayPal 原生支付网关：Alchemy Pay 和 CoinsPaid Region-Focused 新兴支付网络：AEON Protocol 和 Gnosis Pay 总结：2025，链上金融的产业化落地元年 Part II，作为市场以 Hyperliquid 为首的 PrepDEXCEX 信任瓦解、技术成熟与交易者偏好重组 By people, For people，回归公共物品和信任机器 三位一体：HyperCore、HyperEVM 与 HyperBFT 的协同逻辑 Builder Codes 的 “构建者经济” 时代 USDH 发行的 “原生稳定币” 时代 监管边界与制度张力：Hyperliquid 的现实约束与未来挑战 以 Polymarket 为首的预测市场InfoFi：信息如何成为商品？ Polymarket ，集天时、地利与人和…