Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

**News Flash** Per an official announcement on December 27, the participation threshold for the 43rd TGE project COLLECT on Binance Wallet is 240 points. Earlier updates confirm the COLLECT TGE event will run from 8:00 to 10:00 UTC on December 27, 2025.

On December 27, @Pilla_eth—Lighter’s Head of Marketing—shared key details about the project’s Token Generation Event (TGE) during an AMA focused on “Lighter TGE.” Highlights included: 1. The TGE and airdrop are set for 2025. The airdrop will account for 25% of the total token supply, with no lock-up restrictions—and recipients won’t need to claim it. Tokens will be directly deposited into Lighter wallet holders’ accounts. 2. 50% of the total token supply is earmarked for the community, with full tokenomics details rolling out gradually. A token buyback is planned, though the exact amount hasn’t been finalized. “This will drive value back to the token,” @Pilla_eth noted. 3. Initially, LIT tokens will only be tradeable on the Lighter platform. Coinbase and Bybit have added LIT to their listing roadmaps, and Lighter will not pay for these listings. 4. Lighter has no official NFTs, though the team recognizes community-made NFTs like Fuego. Rumors of a meme coin airdrop are untr

On December 27th, the Lighter team announced in its Discord community that Season 2 point distribution has been completed, and identified cheating behaviors have been removed. Additionally, there is currently no airdrop event, nor a "claim" process — users should not engage with any such links. Furthermore, the team changed the final wording from "see" to "S3e," leading the community to speculate that the project’s TGE will also feature a Season 3 points event.

On December 27, Japanese-listed firm KLab announced the official launch of its "Dual Gold Financial Strategy," under which it will gradually purchase Bitcoin and gold. The company plans to allocate 3.6 billion yen (approximately $24 million) from a total financing of around 5.1 billion yen, with a 6:4 split between Bitcoin and gold. As of December 25, KLab had added 3.17 Bitcoin to its holdings, with an average purchase price of roughly 13.83 million yen per BTC (or about $90,000 per BTC). Its total Bitcoin holdings now stand at approximately 4.37 BTC. The firm also simultaneously acquired 1,860 shares of a gold exchange-traded fund (ETF). (Source: CoinPost)

On December 27, the LayerZero community’s vote to activate the protocol fee mechanism failed to pass, as it did not reach the required quorum. The next vote is scheduled for 6 months from now. The proposal aimed to decide whether to implement the LayerZero protocol fee mechanism, which would charge a fee for each LayerZero transaction—with the amount capped at the cost of validation and execution. All collected fees will be converted to ZRO and burned.

On December 27, cryptocurrency exchange Bit[.]com announced it will proactively streamline its existing operations while launching its "User Asset Migration Plan." Bit[.]com will provide clear, comprehensive guidance to users via official announcements, emails, in-app notifications and other channels to help them complete asset processing and migration smoothly within a set timeframe. Specific timing, procedures and precautions will be outlined in subsequent announcements and instructions. Public records indicate Bit[.]com launched in 2020 as a subsidiary of Matrixport, a Singapore-based cryptocurrency financial services platform. Matrixport was founded by Wu Jihan in 2019 after he departed Bitmain (where he remains chairman), with Matrixport serving as Bit[.]com’s parent company.