Arthur Hayes recently sold 1,871 ETH from his address, acquiring around $4.6 million worth of DeFi tokens.

**December 31st Update** Stephen Moore—a conservative economist and former senior economic advisor to Donald Trump’s first term—recently publicly criticized the Trump administration’s broad tariff policies, labeling them a "hidden tax" on consumers that could dampen economic growth and weaken employment. "Tariffs are taxes, and taxes are never a good thing," Moore said—a stance sharply at odds with his past support for trade protectionism. He noted that while the government frames tariffs as a tool to revitalize manufacturing and fund tax cuts, their costs are often passed directly to consumers, driving up prices and worsening inflation. Multiple research institutions project a new round of tariffs set to take effect by 2025 could raise the U.S. tax burden by roughly $1.2 trillion over the next decade, cutting GDP by about 0.4% and eliminating 344,000 jobs. Moore also emphasized tariffs’ regressive nature, which hits low- and middle-income families hardest. Moore called for

December 31 — Perpetual contract exchange Pacifica announced Wednesday a 9-day 50% trading fee discount, running from 17:00 Beijing Time on December 30 to 17:00 January 8. All market trading fees will be halved, cutting the base rate from 0.015% to 0.0075%. Trader Ron (X: @Ron521520) — who has accumulated platform points — analyzed the discount will drop per-point costs from ~$0.3825 to ~$0.19. The point program is expected to run 22 weeks with a 25% airdrop rate, letting each point redeem for ~1.136 tokens. Founded in January 2025 by the former FTX COO and three co-founders, Pacifica hit $83 billion in total trading volume within its first 5 months and now has over 34,000 users. Some traders built points via high-frequency trading; the discount is set to slash point acquisition costs sharply. Additionally, on-chain data and copy trading tool Coinbob has launched the Coinbob Pacifica bot (@CoinbobPAC_bot). Users can track and replicate high-frequency strategies via the bot to

On December 31st, Yishi—founder of crypto wallet provider OneKey—shared on social media that the company turned profitable last year. Though small in scale, it has generated **actual positive cash flow**: 80% of that goes directly to team salaries, the remainder covers operating costs, and any surplus will continue to reward employees going forward. This year, OneKey has entered a rapid expansion phase, with core metrics posting sharp growth: - Headcount (HC): +61% year-over-year (YoY) - Distributor count: +183% YoY - Weekly Active Users (WAU): +148.7% YoY - Revenue: +41.6% YoY The firm has “officially transitioned from a cash-burn startup to a true growth company.” Yishi also revealed an internal radical move: OneKey will now fully transform into an **AI-native hardware finance company**. This isn’t just “using AI tools”—it’s a top-to-bottom restructuring of all workflows to build a fully AI-native organizational structure.

**December 31st** WSJ reports OpenAI is paying some of the highest salaries among tech startups in recent years, with an average stock compensation of roughly $1.5 million for its ~4,000 employees. Per WSJ analysis of Equilar data, over the past 25 years, OpenAI’s compensation in the year prior to a major tech company IPO is 34 times that of 18 peer firms. Financial data shared with investors this summer shows OpenAI’s annual stock compensation is projected to hit ~$3 billion by 2030. The company recently told employees it’s scrapping a policy requiring at least six months of tenure to receive equity— a move that could push salaries higher. Analysis indicates OpenAI’s compensation will reach 46% of revenue by 2025, ranking second only to Rivian (which had no revenue in its pre-IPO year) among firms in the report. For context: Palantir’s stock compensation was 33% of revenue in its 2020 pre-IPO year, Google’s was 15%, and Facebook’s was 6%. (Golden Finance)

**December 31st Update** Per HyperInsight monitoring, the "Ultimate Bear" whale (0x5d2f4) has pared its LIT short position. It currently holds a 3x-leveraged short of 59,208 LIT, with an average entry price of $2.8 and is slightly in profit. Additionally, the whale maintains a 20x-leveraged short of 499.9 BTC (~$44.2M). The position is up $11.53M (413% gain), with an average entry price of $111,500 and a liquidation price of $102,380.

As of December 31, Coinglass data shows total net Bitcoin outflows from centralized exchanges (CEXs) hit 3,451.64 BTC in the past 24 hours. The top three CEXs by Bitcoin outflows are: - Kraken: 1,694.04 BTC - OKX: 1,014.55 BTC - Coinbase Pro: 690.56 BTC Additionally, Bitfinex led CEXs in Bitcoin inflows, recording 605.20 BTC.