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According to TechFlow, on December 30, Bloomberg reported that the warming IPO market in 2025 has created 21 new billionaires, but this wealth has not continued to grow. According to data from the Bloomberg Billionaires Index, these newly minted billionaires saw their shareholdings exceed $1 billion on the first day of their companies' listings, but in the following weeks or months, the value of their holdings dropped by an average of 23%. At the same time, the Asian IPO market is showing a trend of diversification: India's IPO market is active, Vietnam's GSM company plans to go public overseas with a target valuation of $20 billion, while Thailand's IPO market remains sluggish, and the number of small IPOs in Japan has fallen to its lowest point in 12 years.

ChainCatcher reported that as the Iranian rial fell to a historic low against the US dollar, large-scale protests broke out in Tehran. The public attributed the continuous depreciation of the local currency to the central bank's long-term fiscal and monetary policy failures. In response, Bitwise CEO Hunter Horsley stated on the X platform that economic mismanagement runs through the past, present, and future, and that bitcoin provides ordinary people around the world with a new way to protect their wealth in the context of significant fiat currency depreciation.

According to Odaily, in response to the interpretive letter issued by the US Office of the Comptroller of the Currency (OCC), which clarifies that it is a legitimate banking activity for national banks to participate in riskless principal transactions involving crypto assets and to act as intermediaries in cryptocurrency transactions, Jake, head of Wintermute OTC, stated on social media that the process of banks participating in crypto trading is fundamentally different from proprietary trading. He pointed out that in such transactions, banks typically purchase crypto assets from clients and immediately transfer the position to a liquidity provider (LP). On a technical level, banks only hold ownership of the crypto assets for a very brief period to complete the transaction matching, but do not actually hold inventory or bear price fluctuation risks. From an economic substance perspective, this model constitutes brokerage business: banks can facilitate transactions between buyers and sellers, but cannot hold positions or engage in proprietary trading.