[Visa Stablecoin Settlement Pilot Program Annualized Settlement Volume Reaches $3.5 Billion] Visa's Head of Product and Strategy, Jack Forestell, stated that the annualized settlement volume of Visa's stablecoin settlement pilot program has reached $3.5 billion. Through collaboration with Circle, Visa's U.S. issuing and acquiring partners can achieve seven-day-a-week settlement.

[Terraform Labs Plan Administrator Sues Jump Trading for $4 Billion] The Terraform Labs Plan Administrator has filed a lawsuit against Jump Trading, accusing Jump Trading of involvement in the collapse of Do Kwon's crypto empire. The lawsuit seeks $4 billion in damages, with defendants including Jump Trading and Jump Trading executives William Disomma and Kanav Kariya.

According to Bloomberg, Coinbase is suing Michigan, Illinois, and Connecticut, opposing their attempts to regulate the prediction market and arguing that the states lack jurisdiction over it. （Cointelegraph）

[Synthetix Launches Perpetual Contract DEX on Ethereum Mainnet] On December 19, the decentralized derivatives protocol Synthetix announced the launch of a perpetual contract DEX on the Ethereum mainnet. It adopts a hybrid CLOB model with on-chain asset custody and off-chain matching to bypass mainnet latency and high gas costs. The first batch supports BTC, ETH, and SOL perpetual contracts, with up to 50x leverage. Plans include introducing multi-collateral margin, RWA support, and incentive programs. The platform's market-making and liquidity are provided by the SLP Vault. Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.

[US FBI Shuts Down Crypto Money Laundering Platform E-Note Involved in Over $70 Million and Indicts Its Russian Operator] The U.S. Department of Justice revealed that the Federal Bureau of Investigation (FBI), in collaboration with European law enforcement agencies, has dismantled the transnational money laundering platform E-Note, which primarily provided cryptocurrency cash-out services for cybercriminals. The U.S. Attorney's Office for the Eastern District of Michigan has indicted 39-year-old Russian operator Mykhalio Petrovich Chudnovets on charges of conspiracy to commit money laundering, alleging that he used E-Note since 2010 to facilitate the transfer of criminal proceeds. The platform has reportedly processed over $70 million in illicit funds since 2017. Law enforcement agencies have seized related servers and domain names, and if convicted, the suspect faces a maximum sentence of 20 years in prison.