Binance Launches USD1 Savings Trial Product with Annualized Interest Rate of Up to 20%

On December 24th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that three addresses have deposited 2.47 million USDC as collateral into Hyperliquid over the past 24 hours. Together, they opened 1.69 million TST long positions worth $1.69 million—accounting for 42.3% of Hyperliquid’s total TST Open Interest and holding the top three long positions on the platform. The three addresses are likely linked to the same entity, per three key observations: 1. All exhibited identical behavior: transferring BTCB out of Gate, depositing it to Aster, then withdrawing USDT; 2. Their collaterals were all withdrawn from Gate or OKX in the past 24 hours, with direct deposits to Hyperliquid post-withdrawal; 3. The TST long positions are currently their only holdings on Hyperliquid. Notably, one of the addresses—0x48c…bc9d0—previously opened a TST long position in early December and netted a $31,000 profit.

December 24th — Matrixport has withdrawn 1,090 Bitcoin from Binance, per Onchain Lens data, with the assets valued at $94.7 million.

December 24 Decentralized prediction market platform Polymarket confirmed on Wednesday that a recent security vulnerability tied to a third-party identity verification provider has impacted multiple users. Earlier this week, reports of compromised Polymarket accounts began popping up on Twitter and Reddit, with affected users sharing details of their losses on social media. Per user accounts on those platforms, the issue appears to have hit users who registered for Polymarket via Magic Labs— a service that lets users log in with their email and create non-custodial Ethereum wallets. Magic Labs is popular among crypto newcomers who don’t yet have digital asset wallets. On Tuesday, Polymarket addressed the issue in an official Discord post, saying: “We recently identified and fixed a security issue impacting a small number of users. This issue stemmed from a vulnerability introduced by a third-party identity verification provider.” However, the platform did not disclose how ma

On December 24, a joint consultation summary from Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) revealed the city will further advance its licensing regime for virtual asset trading and custody service providers. The move aims to strengthen regulation of these services, ensuring market stability and sustainable long-term development. The consultation also notes Hong Kong will launch an additional one-month public consultation for virtual asset portfolio management and advisory service providers. The upcoming regime is expected to mirror the regulatory framework for traditional securities markets, clearly defining regulated activities under different virtual asset licensing categories.

December 24 — Per CryptoRank data, token prices for some crypto projects launched via ICO this year have plummeted well below the valuations set in their latest venture capital (VC) funding rounds. In fact, the market caps of some of these tokens are now over 100 times smaller than those VC valuations. For example, Bubblemaps’ token BMT currently has a circulating market cap of ~$6 million (its fully diluted valuation, or FDV, is just $22.92 million)—a trend also seen with Fuel Network.

On December 24, the People's Bank of China (PBOC) and eight other government departments released the *Opinions on Financial Support for Accelerating the Construction of the Western Land-Sea New Corridor*. The document outlines plans to explore international digital finance cooperation, with key measures including: - Supporting provinces, regions, and cities along the corridor to participate in multilateral central bank digital currency (CBDC) bridge projects, and promoting CBDC use for cross-border payments with Thailand, Hong Kong, the United Arab Emirates (UAE), Saudi Arabia, and other economies; - Exploring pilot programs for cross-border RMB digital payments between mainland China and Singapore; - Helping eligible corridor-aligned regions build cross-border e-commerce digital service platforms, and connecting these platforms with cross-border e-commerce and trade digital platforms in countries like Singapore to boost cross-border e-commerce service capabilities. Source: