[Machi Big Brother Deposits Approximately 1.2 Million USDC into Hyperliquid to Long ETH Again] Machi Big Brother deposited approximately 1.1997 million USDC into Hyperliquid 7 hours ago to continue longing ETH. These funds have been fully utilized to open a 25x leveraged long position on ETH, with a position size of 4,050 ETH, valued at approximately $1.19 million, and a liquidation price of $2,694. Currently, Machi Big Brother has accumulated a total loss of $21.21 million on Hyperliquid.

[Senator Warren Sends Letter Requesting Investigation into PancakeSwap and DEX National Security Risks] U.S. Senator Elizabeth Warren has sent a letter to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, requesting an investigation into the potential national security risks of decentralized exchanges, specifically naming PancakeSwap. The letter mentions allegations that PancakeSwap was involved in money laundering by North Korean hackers and transactions related to the stablecoin USD1, which is associated with former U.S. President Donald Trump. According to a report by Allium, approximately $263 million of the $1.4 billion theft at Bybit was laundered through PancakeSwap. Warren has requested both departments to respond by January 12, 2025, regarding the associated risks and measures to prevent conflicts of interest.

[Bank of Canada Plans to Approve Only High-Quality Stablecoins Pegged to Central Bank Currency Under New Rules in 2026] The Bank of Canada stated that under new regulations expected to be introduced in 2026, only high-quality stablecoins pegged to central bank currency will be approved to ensure they serve as "premium money." Governor Tiff Macklem emphasized the hope that stablecoins could become a form of premium money, similar to cash or demand deposits. He proposed that stablecoins must maintain a 1:1 peg with central bank currency and that reserves should consist of highly liquid, high-quality assets such as short-term government bonds. This statement follows the release of the 2025 annual budget report in early November, which requires issuers to hold sufficient reserves and establish redemption and risk control frameworks.

[UK Launches Political Financing Review Following Reform Party Bribery Case, Will Investigate Role of Cryptocurrency] The UK has launched a comprehensive review of political financing laws and will investigate the role of cryptocurrency, prompted by a bribery case involving a politician from the UK Reform Party. UK Communities Secretary Steve Reed stated in the House of Commons on Tuesday that the review will examine the influence of foreign funds on UK politics. The review report is set to be submitted by the end of March, with the findings to be incorporated into election and democracy-related legislation planned by the government for next year. Former Welsh leader of the UK Reform Party, Nathan Gill, admitted last month to accepting bribes during his tenure as a Member of the European Parliament in exchange for making pro-Russian statements. He was sentenced to 10 and a half years in prison.

[K33 Research Director Indicates Bitcoin's Q4 Underperformance Against U.S. Stocks May Trigger Year-End Rebalancing Inflows] K33 Research Director Vetle Lunde pointed out that Bitcoin's performance in the fourth quarter lagged behind the S&P 500 Index by as much as 26%. Rebalancing by asset managers to maintain predetermined allocation ratios could benefit Bitcoin at year-end. Lunde expects portfolio adjustments by fund managers may lead to significant inflows during the last trading days of this year and early January next year. Currently, CME derivatives trading activity is near its annual low, with Bitcoin futures open interest at approximately 124,000 contracts. Spot trading volume dropped 12% last week, confirming lower trader participation as the year-end approaches.