Odaily Planet Daily reports that U.S. Senators Elissa Slotkin (Democrat) and Jerry Moran (Republican) introduced the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act (SAFE Act) on Monday. This bill aims to coordinate actions by the U.S. Treasury Department, law enforcement agencies, regulatory bodies, and the private sector to combat cryptocurrency fraud and scams. Gabriel Shapiro, General Counsel of Delphi Labs, stated on the X platform that if the bill is effectively implemented, cryptocurrency fraudsters and scammers could feel panicked. He pointed out that senior officials, including the U.S. Attorney General, the head of the Financial Crimes Enforcement Network (FinCEN), and the head of the U.S. Secret Service, will be involved in the pursuit of cryptocurrency criminals. A report from the FBI states that in 2024, Americans lost $9.3 billion to cryptocurrency-related investment scams, a 66% increase from 2023.

Huoxun Finance reported on December 17th that 10xResearch published an article on its X platform stating that while everyone is optimistic about 2026, the data doesn't support it. Several closely watched indicators have begun to diverge, and historically, such divergence often foreshadows a shift in the market landscape. Inflation trends, labor market dynamics, and interest rate expectations are no longer moving in sync, creating a macroeconomic environment far more fragile than superficial optimism suggests. Meanwhile, major asset classes are signaling that market leaders may be narrowing and volatility may not be suppressed in the long term. Determining whether these dynamics foreshadow a moderate slowdown or a more destructive scenario requires detailed analysis, not just superficial pronouncements. Market realities may soon become less favorable. Now is a crucial time to focus on the underlying data. Investors must decide for themselves whether to continue accepting the optimistic outlook for 2026 or to adopt a more defensive investment approach. As we wrote at the end of October, only those who sold at the highs could buy at the lows, and since then Bitcoin has fallen 23%, and this volatility now seems to be spreading to other risk assets.

Huoxun Finance reported on December 17th that the HyperLiquid Aid Fund has announced on the X platform that it proposes a validator vote to formally confirm the burning of HYPE tokens from the aid fund and permanently remove these tokens from circulation and total supply. The aid fund automatically converted transaction fees into HYPE during L1 execution. Similar to the zero address, the aid fund's system address never possessed the private key controlling its funds. Unless a hard fork occurs, the funds are mathematically unrecoverable. A "yes" vote indicates that validators agree to burn the aid fund's HYPE tokens. Since these tokens already reside in a system address without a private key, no on-chain operations are required. This vote constitutes a binding social consensus that no protocol upgrade will ever be authorized to access this address. Furthermore, on-chain data shows that the Hyperliquid aid fund holds 37.114 million HYPE tokens, equivalent to approximately $1.02 billion, representing about 13.7% of the current circulating supply.

According to Huoxun Finance on December 17th, Eric Trump, the second son of US President Donald Trump, posted on the X platform that in just 39 days, his supported cryptocurrency mining company, American Bitcoin, has surpassed four competitors, making it the 20th largest publicly traded Bitcoin reserve company globally. The company surpassed Gemini with 4004 BTC on November 5th, 2025; GameStop with 4783 BTC on December 8th; Procap with 5044 BTC on December 11th; and SemlarScientific with 5098 BTC on December 14th.

According to Decrypt, prosecutors in the Hong Kong JPEX fraud case have been granted an adjournment until next year to prepare case files for a hearing at the Eastern Magistrates' Courts in the city on Monday. The next hearing is scheduled for March 16, where a group of social media influencers accused of promoting JPEX and acting as "frontmen" for its over-the-counter cryptocurrency trading shops will appear in court. Seven of the eight defendants who appeared in court were granted bail under their original conditions. Those accused include lawyer-turned-influencer Lam Tsz-lam, YouTube blogger Chan Wing-yee, former TVB actor Cheng Chun-hei, and fitness coach Chiu King-yin. Cheng Chun-hei, who did not apply for bail, will remain in custody. In September 2023, JPEX declared bankruptcy after the Hong Kong Securities and Futures Commission warned it of operating without a license and making misleading claims, and user withdrawals were frozen. Authorities stated that over 2,700 victims lost more than US$206 million (HK$1.6 billion). On November 5th of this year, police arrested and charged 16 people, including 6 core members, 7 associates of over-the-counter exchanges, and 3 puppet account holders. More than 80 people were arrested during the investigation. JPEX also promoted its scheme in the Philippines and Taiwan, leading to harm to victims. Three masterminds are at large and are wanted by Interpol.