Rep. French Hill pledges to investigate debanking following crypto executives' complaints

[Hong Kong SFC Fines Saxo Markets HKD 4 Million for Improper Distribution of Virtual Asset Products] The Hong Kong Securities and Futures Commission (SFC) announced a fine of HKD 4 million against Saxo Markets (Hong Kong) Limited and issued a reprimand. Between November 1, 2018, and November 25, 2022, Saxo Markets distributed virtual asset funds and related products not approved by the SFC to retail clients through its online trading platform. This involved a total of 1,446 transactions covering 32 virtual asset products, including 21 exchange-traded derivative products. The SFC investigation found that Saxo Markets failed to assess whether clients possessed relevant investment knowledge and did not provide sufficient information or warning statements, thereby violating the SFC circular guidelines.

Peter Thiel stated that Bitcoin is the most honest and efficient market in the world. （Bitcoin Archive）

[Coinbase to Remove ETH-DAI and Other Trading Pairs] Coinbase officially announced that it will remove the ETH-DAI, FLOW-USDT, and MANA-ETH trading pairs at 12:00 PM Eastern Time on January 7, 2026, to improve overall market health and concentrate liquidity. Coinbase Advanced users in eligible regions will still be able to trade ETH, FLOW, and MANA on USD order books.

[The People's Bank of China Conducts 7-Day Reverse Repo Operation of 28.6 Billion Yuan] The People's Bank of China conducted a 7-day reverse repo operation of 28.6 billion yuan today, with a bid amount of 28.6 billion yuan, a winning bid amount of 28.6 billion yuan, and an operating interest rate of 1.40%, unchanged from the previous rate.

[Spot Gold Drops Over $20 in the Short Term to $4,472/oz] Spot gold has dropped over $20 in the short term, now quoted at $4,472/oz.