Grayscale announced that it will open private subscriptions for 22 cryptocurrency trust products to qualified investors, including mainstream tokens such as AAVE, AVAX, LINK, SOL, XRP, and fund products in niche areas such as DeFi and AI. Investors can subscribe based on net asset value (NAV).

MicroStrategy announced that it will hold a special shareholders meeting to vote on key proposals aimed at accelerating the 21/21 plan, streamlining the financing process, and aligning director compensation with the company’s Bitcoin-centric strategy.

Crypto derivatives trading platform Hyperliquid has experienced its largest single-day outflow ever as traders rushed to withdraw funds amid concerns that North Korean hackers were trading on the exchange. Taylor Monahan, a security expert at digital wallet provider MetaMask, said digital wallets associated with the hackers began trading on Hyperliquid as early as October. On Monday, she shared the addresses of these suspicious wallets and their activities on the social media platform X. Monahan noted that trading is often a way for North Korean hackers to test potential security vulnerabilities on platforms such as Hyperliquid.

The U.S. Internal Revenue Service (IRS) has once again insisted that cryptocurrency staking is taxable, stating that staking rewards create a tax liability once they are received. The news comes amid a legal battle between Tennessee couple Joshua and Jessica Jarrett and the IRS over staking taxation. The couple stakes on the Tezos network and argues that staking rewards should not be taxed until they are sold.

Crypto payment service provider MoonPay is in talks to acquire Helio for approximately $150 million, which would be MoonPay’s largest acquisition to date.

In an interview published on Monday, Vladimir Tenev, CEO of stock and cryptocurrency trading platform Robinhood, said that despite the growing importance of cryptocurrencies to the company, Robinhood currently has no plans to hold Bitcoin for investment purposes.

PANews reported on December 23 that Binance Labs announced that it has invested in Usual, a decentralized RWA (real world asset)-backed stablecoin issuer that focuses on redefining stablecoins through community-first innovation. Usual redistributes value and ownership through the $USUAL governance token, with 90% of the tokens allocated to users, promoting a decentralized and fair financial model.

Avalon Labs, the issuer of the BTC-backed stablecoin USDa, has raised $10 million to grow its Bitcoin decentralized finance (DeFi) ecosystem.

The company purchased 5,262 bitcoins for approximately $561 million between December 16 and December 22, 2024, at an average price of $106,662. As of December 22, 2024, MicroStrategy and its subsidiaries held a total of 444,262 bitcoins, with a cumulative purchase cost of approximately $27.7 billion and an average price of $62,257 per bitcoin. The company said the funds for this bitcoin purchase came from its stock issuance proceeds.

The proposed legislation aims to strike a delicate balance: ensuring financial stability and protecting public trust while driving growth in the Web3 economy. But will it succeed in achieving that goal?

Telegram founder Pavel Durov posted on his personal channel that Telegram will make a profit for the first time in 2024. This year, the number of Telegram Premium subscribers has tripled to over 12 million, and advertising revenue has also increased several times. The total revenue for the year exceeded $1 billion, and the year-end cash reserves exceeded $500 million (excluding crypto assets).

The stablecoin market has grown rapidly and has become an important force in the digital economy, even competing with traditional financial networks. Although mature blockchains such as Ethereum, Tron, and BSC currently dominate stablecoin activities, TON and Sui are injecting differentiated competitiveness into the stablecoin market through innovative approaches.

A massive net outflow of $576 million was recorded on December 19, bringing the total outflow over the weekend to $1 billion. Ethereum saw an inflow of $51 million, while Solana saw an outflow of $8.7 million.