[Hong Kong Insurance Authority Proposes New Regulations to Guide Insurance Funds into Crypto Assets and Infrastructure] The Hong Kong Insurance Authority has proposed new regulations to guide insurance funds into the crypto assets and infrastructure sectors. According to a presentation document dated December 4, a 100% risk capital requirement is proposed for crypto assets, while investment requirements for stablecoins will depend on the fiat currency pegged by Hong Kong's stablecoin regulations. The proposal is expected to undergo public consultation from February to April next year, followed by legislative submission. Additionally, the new regulations propose capital incentives for investments in infrastructure projects linked to Hong Kong, mainland China, or Hong Kong-based projects. As of 2024, the total premium income of Hong Kong's insurance industry is approximately HK$635 billion.

[BitMart Futures to Launch ZKPUSDT, GUAUSDT, and IRUSDT Perpetual Contracts] BitMart Futures will launch ZKPUSDT, GUAUSDT, and IRUSDT perpetual contracts on December 22, 2025, at 15:00 (UTC+8), supporting up to 40x leverage.

[Suspected early Ethereum holder 0xBilly stakes 3,598 ETH to Etherfi] Monitoring data from The Data Nerd shows that a suspected early Ethereum holder, 0xBilly, has staked 3,598 ETH (approximately $10.8 million) to Etherfi. This address has held these ETH for as long as 9 years.

[Whale '1011' Deposits $3 Million to Long HYPE After $17.94 Million Liquidation] On December 22, Whale '1011' was liquidated for $17.94 million during the market crash. Last night, the whale deposited $3 million to open a 10x long position on HYPE. Additionally, the whale holds small long positions in BTC, ETH, and SOL, with a total portfolio value exceeding $10 million.

[Spot Silver Breaks $69 Mark for the First Time] The price of spot silver has broken through $69 per ounce for the first time, with a year-to-date increase of nearly 139%.