Do Kwon will be extradited to the United States. Tokenization is becoming the new darling of Wall Street.

Headline

▌Do Kwon will be extradited to the United States

According to market news, Montenegrin Justice Minister Božović has signed a decision that Do Kwon will be extradited to the United States.

▌Bloomberg: "Tokenization" is becoming the new favorite of Wall Street, and this round of craze focuses on the digitization of financial assets

On December 27, according to Bloomberg, as the price of Bitcoin hit a record high, asset tokenization has once again become a hot topic in traditional finance and cryptocurrency. This technology that digitizes physical assets and records them on the blockchain is being favored by Wall Street institutions including BlackRock. Industry insiders believe that its potential may exceed that of the Internet. This round of asset tokenization craze is driven by factors such as the Bitcoin bull market and Trump's victory in the election. Unlike the attempts of blockchain technology in scenarios such as Walmart's supply chain tracking a few years ago, this round of craze focuses more on the digitization of financial assets such as real estate and bonds.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $94,171.78, with a daily increase or decrease of -1.7%;

ETH's latest transaction price is $3,331.44, with a daily increase or decrease of -0.5%;

BNB's latest transaction price is $692.87, with a daily increase or decrease of +0.8%；

SOL's latest transaction price is 184.50 US dollars, with a daily increase or decrease of -2.3%；

DOGE's latest transaction price is 0.3125 yuan, with a daily increase or decrease of -0.1%；

XPR's latest transaction price is 2.14 US dollars, with a daily increase or decrease of -0.8%.

Policy

▌The State Administration of Foreign Exchange issued the Reporting Management Measures for High-risk Transactions such as Illegal Cross-border Financial Activities of Virtual Currency

On December 27, according to the announcement of the State Administration of Foreign Exchange, the "Management Measures for Bank Foreign Exchange Risk Transaction Reports (Trial)" has been issued and will be implemented from now on. The "Measures" is a supporting document for the "Management Measures for Bank Foreign Exchange Business (Trial)", which aims to strengthen the foreign exchange risk management of banks and conduct early identification, early warning and early disposal of high-risk transactions such as suspected false trade, underground banks, and illegal cross-border financial activities of virtual currencies. The main contents include: clarifying the reporting responsibilities of banks for foreign exchange risk transactions, requiring the establishment of a monitoring system and submitting reports; stipulating the scope of information reporting, including activities suspected of illegal and irregular cross-border capital flows; clarifying the content of the report, such as basic information and measures to be taken; strengthening internal management measures, including internal control systems and data confidentiality management.

▌Cambodia's central bank approves compliant stablecoin services, but Bitcoin is still banned

On December 27, according to the Phnom Penh Post, the National Bank of Cambodia (NBC) announced that it would allow commercial banks and payment institutions to provide services related to stablecoins and asset-backed cryptocurrencies, but unsupported assets such as Bitcoin are still prohibited. The new regulations require institutions to obtain approval before they can carry out crypto asset exchange, transfer and custody services, and prohibit the use of customer assets. Previously, Cambodia blocked 16 unlicensed crypto trading websites to strengthen digital asset market supervision.

▌The IRS requires "DeFi brokers" to collect user transaction information

According to the rules published in the Federal Register on Friday, the IRS requires "DeFi brokers" to collect user transaction information. It is reported that "DeFi brokers" will act like traditional brokers that handle securities and are required to collect information about their users' transactions and send them 1099 forms. Brokers must send these 1099 forms to clients. In addition, some "decentralized financial industry participants" must file tax returns that disclose the "name and address of each customer." The U.S. Treasury Department noted that the final rule applies to "front-end service providers" that interact "directly with customers," meaning entities that run the main website used to access decentralized protocols, not the protocols themselves. According to the document, the rule is expected to take effect on or after January 1, 2027.

Blockchain Applications

▌ai16z founder joins Eliza project as consultant

AVA posted on the X platform that ai16z founder Shaw joined the Eliza project as a consultant. At the same time, Eliza Studios director, ai16z creative Jeff, Nous Research researcher Ropirito and Ryze Labs founder Matthew also announced that they have become Eliza project consultants.

▌OKX will launch GRIFFAIN and ZEREBRO perpetual contracts

On December 27, according to the official announcement, OKX will launch GRIFFAINUSDT contract trading at 3:00 pm (UTC+8) on December 27; and will launch ZEREBROUSDT contract trading at 3:15 pm (UTC+8) on December 27. It is reported that Griffain is an AI agent platform that converts user intentions into actions by interacting with AI agents on Griffain. Users can create personal AI agents and take advantage of their unique AI agent network. ZEREBRO is an autonomous artificial intelligence system designed to create, distribute and analyze content across multiple decentralized and social platforms

Cryptocurrency

▌Jito validator tip revenue reaches record level of approximately $210 million in November

According to a report by cryptocurrency research firm Kairos Research, Jito's monthly revenue from priority fees and tips exceeded $100 million in November and December. Kairos said that in 2024, Jito's validator monthly tip revenue increased by an average of 32%. In November, monthly revenue peaked at approximately $210 million. The growth in Jito's tip revenue reflects the growing popularity of the Solana network, while also highlighting the trend of validators increasing their income by prioritizing certain transactions, a practice known as maximum extractable value (MEV).

▌The crypto market sector has been pulled back for two consecutive days, while CeFi and Hyperliquid sectors have risen against the trend

On December 27, according to SoSoValue data, the crypto market sector has been pulled back for two consecutive days, while the CeFi sector has risen against the trend, with a 24-hour increase of 0.36%. CEX-related tokens in the sector, which had a significant increase yesterday, continued to rise, among which BGB rose 28.86% in 24 hours, 72.8% in the past 7 days, and 367.69% in 1 month. In addition, Huobi (HT) rose 11.64%, OKB (OKB) rose 7.01%, Gate (GT) rose 6.69%, HYPE, which fell more than 10% yesterday, rose 6.64% today, and PURR and Hypurr Fun (HFUN) in the Hypeliquid sector rose 5.43% and 7.52% respectively. In other sectors, the DeFi sector fell by 2.78%, the Layer1 and Layer2 sectors fell by 3.05% and 3.88% respectively, and the Meme sector fell by 4.71%. The AI ​​Agents sector, which had the highest increase yesterday, fell significantly today, with a 24-hour drop of 7.7%. Fartcoin (FARTCOIN) in the sector fell back by 17.05%, and Virtuals eco-coins VIRTUAL, LUNA, and AIXBT fell back by 9.64%, 7.02%, and 9.25% respectively.

▌The U.S. crypto industry calls on Congress to block new regulations for DeFi brokers

The U.S. Internal Revenue Service (IRS) announced new regulations on December 27, defining some decentralized finance (DeFi) protocols as brokers and requiring them to fulfill customer identification (KYC) obligations, which triggered strong opposition from the crypto industry. The regulation is expected to affect up to 875 DeFi brokers and 2.6 million taxpayers. Legal experts criticized the rule for allegedly exceeding authority and possibly infringing constitutional rights. Alexander Grieve, vice president of Paradigm, called on the new "pro-crypto Congress" to repeal the rule through the Congressional Review Act (CRA). The Blockchain Association called the rule "a last-ditch attempt to push the U.S. crypto industry overseas" and said it would take action to fight it. It was previously reported that the IRS required "DeFi brokers" to collect user transaction information.

▌Analyst: Crypto VC investment may exceed $18 billion in 2025

According to PitchBook analyst Robert Le, venture capital funds in the crypto industry may exceed $18 billion in 2025, with multiple quarterly investments reaching $5 billion. The total amount of crypto venture capital in 2023 is about $9 billion, and it is expected to reach $11 billion in 2024, with an average quarterly investment of about $2 billion to $2.5 billion. Although investment activity slowed this summer, it rebounded after the election, and general venture capital firms are expected to refocus on the crypto field next year. Le also pointed out that the investment theme of "Crypto and Artificial Intelligence (AI)" will continue to heat up, and crypto technology may provide innovative solutions to certain core problems in the process of AI expansion, or become a new growth point.

Important Economic Dynamics

▌Offshore RMB rose 29 points against the US dollar compared with the New York closing price on Thursday

The offshore RMB (CNH) against the US dollar was reported at 7.3001 yuan at 05:59 Beijing time, up 29 points from the New York closing price on Thursday, and the overall trading range during the day was 7.3098-7.2948 yuan.

▌Today's Fear and Greed Index is still 74

Today's Fear and Greed Index is still 74. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).

Golden Encyclopedia

▌What is Ripple Labs' RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 US dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.