Binance DOGE/USDT's perpetual trading volume surged 21 times within 10 minutes, with a turnover of 549 million US dollars in the past 24 hours, a decrease of 3.57% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

[Implementation of Crypto-Asset Reporting Framework in the UK and Other Countries, Cross-Border Sharing of Transaction Data] Starting January 1, the UK and over 40 other countries have implemented the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD). Major crypto exchanges are required to collect complete transaction records for UK users and report user transaction details and tax residency status to HM Revenue & Customs (HMRC). Beginning in 2027, HMRC will automatically share relevant data with EU member states, as well as countries like Brazil, the Cayman Islands, and South Africa. A total of 75 countries have committed to implementing CARF, with the United States planning to implement it in 2028 and begin information exchange in 2029.

[Ethereum Sacrifices Over $100 Million in Revenue for Ecosystem Expansion in 2025] In 2025, the Ethereum network demonstrated strong operational performance, processing record-breaking transaction volumes and maintaining dominance in the DeFi market (with the mainnet TVL accounting for 64%). However, the price of ETH fell by 10% throughout the year to below $3,000, decoupling from network activity. Ethereum implemented technical upgrades to reduce transaction fees, promoting L2 network growth and ecosystem expansion, which led to a significant decline in mainnet revenue. In 2025, total L2 revenue dropped by 53% to $129 million, with only $10 million paid to the mainnet, while L2 operators retained approximately $119 million in profits. The potential revenue of the Ethereum mainnet decreased by about $103 million, subsidizing ecosystem expansion.

[Net Inflows of U.S. Crypto ETFs in 2025 Reach Approximately $31.77 Billion] In 2025, the total net inflows of U.S. crypto ETFs reached approximately $31.77 billion. Despite a market pullback at the end of the year, institutional demand for allocation remained strong. Among them, spot Bitcoin ETFs saw net inflows of $21.4 billion, a decline from $35.2 billion in 2024; spot Ethereum ETFs attracted $9.6 billion throughout the year, marking a nearly fourfold increase compared to 2024; and spot Solana ETFs, launched at the end of October, accumulated approximately $765 million in inflows. BlackRock's IBIT Bitcoin ETF recorded $24.7 billion in inflows for the year, about five times the size of the second-place Fidelity FBTC. Excluding IBIT, the remaining nine spot Bitcoin ETFs collectively saw net outflows of $3.1 billion, with Grayscale's GBTC experiencing outflows of approximately $3.9 billion. For Ethereum ETFs, BlackRock's ETHA accumulated approximately $12.6 billion in inflows, though recent inflows have slowed. Analysts predict that 2026 may usher in a wave of concentrated crypto ETF issuances, with Bitwise estimating that over 100 crypto ETFs could debut. However, some products may exit the market between 2026 and 2027 due to insufficient demand.

According to Artemis data, Tron has recorded the largest inflow of stablecoins in the past 24 hours, totaling $1.4 billion. （Cointelegraph）