Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) has launched a consultation on a series of proposed rules for the cryptocurrency industry. This comes after the UK government announced it would begin regulating the sector from October 2027. An FCA study also revealed that the percentage of UK adults holding cryptocurrency has fallen from 12% to 8% in the past year. The FCA's proposals cover cryptocurrency listings, insider trading and market manipulation, trading platform standards, and broker rules. The consultation also includes prudential requirements, regulation of cryptocurrency staking risks, cryptocurrency lending protections, and risk management measures for cryptocurrency companies. The deadline for comments on the proposals is February 12, 2026, and the FCA plans to finalize the regulatory framework by the end of next year. (Reuters)

According to a recent chart analysis released by Matrixport, while the supply of stablecoins continues to expand, the rolling growth rate over the past 12 months peaked and declined in late October, with both USDT and USDC showing a significant slowdown in year-on-year growth. This change indicates that new liquidity flowing into the crypto market is slowing down in tandem. Matrixport believes that, combined with the recent market correction, the Federal Reserve's policy expectations have shifted towards greater caution, which is one of the key triggers for the weakening of liquidity. The report emphasizes that even if the absolute size of stablecoins continues to grow, the overall liquidity environment in the crypto market may be weaker than previously expected, thus constraining risk assets.

According to Odaily Planet Daily, betting odds on Kevin Warsh becoming the next Federal Reserve Chairman have risen to the top of the market. A Deutsche Bank research report points out that if Warsh is elected, he may support both interest rate cuts and quantitative easing (QT), but only if regulatory reforms can reduce the banking system's demand for reserves. Warsh believes that "inflation is an option," rooted in the Fed's policy decisions, not in supply chains or geopolitics. He calls for the Fed to return to its core mission of maintaining price stability and is optimistic about the productivity explosion brought about by AI and deregulation. Warsh served as a Fed governor from 2006 to 2011 and has long been a critic of quantitative easing. He is currently a partner at the Duquesne Family Office, a visiting scholar at the Hoover Institution, and a lecturer at Stanford Business School. (Wall Street News)

According to Huoxun Finance on December 16th, OnchainLens monitoring shows that HYPE's 4-hour candlestick closed below $27 for the first time since May 20th. A whale holding a long position in HYPE (5x leverage) is currently facing a floating loss of over $17 million, with a liquidation price of $22.24.

According to Huoxun Finance, on December 16th, OKX market data shows that ETH has just fallen below $2900, currently trading at $2888.89 per coin, a daily decrease of 4.07%.