Main Password: Binance BTC/USDT Perpetual Large pending orders with a total amount of 42.02 million US dollars

Zhishang Group plans to collaborate with Silicon Data to launch a tradable product based on AI model token expenditure. The product is based on the Large Language Model (LLM) Token Index and weights the token prices of different AI models according to usage. Carmen Li, CEO of Silicon Data, stated that the market has a sufficient understanding of the cost of GPU computing power, but there is still a lack of understanding of the consumer layer in the AI economy. Both parties plan to launch the product in the coming months, but regulatory approval is still required. (Source: Bloomberg)

The proportion of Bitcoin options in the cryptocurrency derivatives market has risen to nearly 60%, up from about 50% at the beginning of the year. As of last Friday, the total size of open contracts in the Bitcoin derivatives market was approximately $129 billion, including $36 billion in US Bitcoin ETF related options and $35 billion in BlackRock IBIT options; After including options on native crypto platforms, the size of the Bitcoin options market is approximately $76 billion. (Source: CoinDesk)

The U.S. Office of the Comptroller of the Currency is the first of several federal agencies to finish writing regulations under the act.

The French Ministry of Finance, the Financial Market Authority, the Bank of France, and the Prudential Regulation and Resolution Authority jointly propose to revise the EU MiCA Act, requiring cryptocurrency platforms to be held responsible for customer losses when providing DeFi protocol access without reviewing or ignoring risks. France proposes platform review of protocols and monitoring of vulnerabilities, supporting authentication of smart contracts. The relevant requirements apply to important cryptocurrency service providers. France also proposes to transfer the regulatory authority of important cryptocurrency service providers to the European Securities and Markets Authority, lower the threshold for identifying 15 million daily active users, and adjust the asset reference token and electronic currency token framework.

The Office of the Superintendent of the Currency (OCC) has issued the final rules for implementing the GENIUS Act, which will take effect on January 18, 2027. This rule establishes a regulatory framework for approved stablecoin issuers, provides a pathway for banks and non bank institutions to conduct payment stablecoin business, and clarifies the relevant standards for overseas stablecoin issuers and asset custody. The final rule requires the regulation of stablecoin issuance to follow standards such as reserve support, redemption, and risk management. The OCC will evaluate the issuer's and third-party business arrangements on a case by case basis and has the authority to take enforcement actions against behavior that circumvents legal requirements. (Source: The Block)