The Hong Kong Securities and Futures Commission has included "Profit Alliance" and "Globiance X/Globiance HK" in its list of suspicious virtual asset trading platforms

December 24 – On-chain analyst Ai Auntie (@ai_9684xtpa) notes that liquidity provider Jump Trading has withdrawn $100 million in USD1 from Bitgo and deposited it into Binance over the past four hours, driven by Binance’s launch of a high-yield USD1 savings product. The move likely aims to meet the short-term surge in USD1 liquidity demand. Additionally, USD1’s supply has increased by 118 million today, pushing its market cap to $2.87 billion.

On December 24th, data from the Coinbob Popular Address Monitor shows that the whale with an address starting with 0xd16 has racked up notable profits on its HYPE short positions. Since November, this address has opened short positions around $39 and continuously expanded its position. Currently, the position size is approximately $6.43 million, with an average cost of $35.7, unrealized gains of $3.28 million, and a return of up to 509%. The current liquidation price stands at $32.78. Additionally, during the holding period, the whale has repeatedly deployed roughly 10% of its capital to open short-term long positions—aiming to capitalize on market rebound opportunities, hedge risk, and boost returns. This strategy has proven highly effective, doubling the total assets in its account.

**Dec 24 Crypto Brief** 1. Per Arkham monitoring: An address tied to Trend Research (Yihua Group’s subsidiary) borrowed $20 million from Aave and transferred the funds to Binance in the past hour. 2. Today’s update: Yihua Group’s investment arm Trend Research has amassed 46,379 ETH (valued at ~$137 million) via leveraged borrowing. 3. Yihua Group statement: “Trend Research is prepping an extra $1 billion to keep accumulating ETH.”

On December 24, China Evergrande Group (736 HK) announced its board of directors has approved moving forward with an asset allocation plan: The company intends to use its own funds to purchase and hold BNB and other suitable digital assets on the open market, as part of its strategic reserve assets—subject to compliance with relevant laws, regulations and risk control requirements.

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.