The UK Treasury is currently developing new regulations to oversee the cryptocurrency market

On December 15, market sources reported that HashKey Group (03887.HK)—Hong Kong’s first publicly listed crypto firm—has priced its IPO in a range of HK$5.95 to HK$6.95, targeting mid-to-high end pricing. Its public offering was oversubscribed roughly 395 times, attracting about HK$66.8 billion in subscriptions and 89,000 individual subscribers. The international placement portion was also multiple times oversubscribed. Along with backing from cornerstone investors including UBS Asset Management, Fidelity International and DHVC, the firm has drawn interest from several top long-term funds in Europe, the U.S. and China. The stock is set to finalize pricing on December 15 and begin trading on December 17, with JPMorgan and Citigroup serving as joint sponsors.

As of December 15th, Alternative Data reports today’s cryptocurrency Fear & Greed Index stands at 16 (down from 21 yesterday), signaling the market remains in a state of "extreme fear." Note: The Fear & Greed Index ranges from 0 to 100, incorporating the following metrics: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Sentiment (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

On December 15th, according to HTX market data, Bitcoin staged a short-term rebound, briefly topping $90,000. Its current price stands at $89,903, with its 24-hour decline narrowing to 0.52%.

On December 15, CryptoQuant founder and CEO Ki Young Ju took to social media to share: “Leveraging Claude AI, we’ve built an Analyst Consensus Index drawing on insights from 246 vetted analysts. A 5-year backtest on Bitcoin revealed the index accurately forecasted the 2022 crash, 2023 bull market, and current pullback.” With many questioning Bitcoin’s next move, Ju noted that in the current neutral, uncertainty-ridden environment, the more prudent approach is: stick to your own assessment, hold your current positions, and wait and see.

On December 15, Daniel Yu—founder of Liquid Capital (formerly LD Capital)—took to social media to note that the core of investing lies in risk control and measuring the risk-reward ratio. A recent Ethereum whale has been consistently accumulating ETH, and still views the current moment as the optimal entry point in the spot market.

On December 15, Bitcoin briefly dropped below $88,000 this morning, per HTX market data. Even though the Fed cut rates last week as expected and issued a more dovish signal than anticipated, the crypto market kept falling early this week—total market cap now sits at $3.13 trillion. Traders are eyeing U.S. CPI data due out this Thursday. Several tokens in Binance’s Alpha section surged: FHE, MILK, SSS, and BAS all jumped over 50% in the last 24 hours. FHE led the pack with a nearly 100% gain. In news, Mind Network said yesterday it’s integrating fully homomorphic encryption (FHE) into the Solana AI Agent ecosystem and has partnered with Pippin. Mind has already stashed 1% of Pippin’s total supply in the FHE project wallet as a long-term reserve for future community rewards and ecosystem growth. Per CoinGecko data, the meme coin sector has cooled off—total market cap is down 2.6% in the last 24 hours. Of the top 200 meme coins by market cap, only M and PIPPIN are up over the same perio