Winklevoss-led Gemini Trust Co. agrees to pay $5 million to settle CFTC charges in proposed order

[The Hong Kong Securities and Futures Commission Adds Koin Kakao and Globiance X/Globiance HK to the Alert List] The Hong Kong Securities and Futures Commission (SFC) announced that 'Koin Kakao' and 'Globiance X Limited / Globiance HK Limited' have been added to the alert list of suspicious virtual asset trading platforms. The SFC noted that both companies promote the operation of virtual asset trading platforms and are suspected of conducting unlicensed activities. Additionally, investors have reported difficulties in withdrawing assets from 'Globiance X/Globiance HK'.

[Drift Foundation Plans to Allocate $9 Million to Support Drift Labs Operations] Drift Foundation has published the DIP-9 proposal on its governance forum, planning to allocate $1.5 million per month from protocol fees to Drift Labs for operational expenses such as engineering infrastructure, subscriptions, and gas fees. If the proposal is approved, an initial payment of $9 million will be made, covering operations until the first half of 2026, with subsequent allocations spanning 18 months. Voting on the proposal will begin on December 24, 2025, with an initial execution period of two years. Currently, the Drift protocol has accumulated $42 million in total fee revenue.

[ICBC Singapore Branch Pilots Digital RMB Overseas Top-Up] Under the guidance of the Digital Currency Research Institute of the People's Bank of China and the Monetary Authority of Singapore, ICBC Singapore Branch has launched an innovative pilot for overseas top-up of personal digital RMB wallets. Singaporean tourists can register wallets via the digital RMB app and use ICBC Singapore Branch accounts to complete top-ups, enabling payments for transportation, shopping, dining, and other scenarios within China.

[South Korean Central Bank Report Shows Decline in Crypto Trading Activity, Investors Focus on Profit-Taking] The Bank of Korea (BOK), in its latest *Financial Stability Report*, pointed out that although the activity level of South Korea's crypto market remains higher than the global average (157% compared to 112%), investor behavior has shifted from actively building positions to concentrated profit-taking. When Bitcoin's price surpassed $100,000 in 2025, South Korean retail investors cashed out significantly, with 91.2% of trading volume contributed by the top 10% of accounts, increasing market manipulation risks. BOK warned that if institutional and ETF access is liberalized, South Korea's market vulnerability to global volatility could intensify. Currently, hot money has shifted to the local stock market and leveraged ETFs in the U.S. market.

市值 3 亿美元的快餐连锁品牌 Steak 'n Shake 宣布其定位为“比特币公司”，表明比特币正逐步进入主流市场。（The Bitcoin Historian）