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Foresight News reported, according to monitoring by Lookonchain, 5 wallets deposited 8.84 million LIGHT, worth approximately $8.2 million, into Bitget within the past 7 hours. LIGHT surged from $1.35 to $4.75 over the past 3 days, then crashed to below $1 in less than 2 hours. In the past 24 hours, the liquidation amount for LIGHT reached $16.17 million, second only to BTC and ETH.

Foresight News reported that Uniswap's fee switch proposal, UNIfication, has reached the 40 million vote approval threshold and will take effect this week. As of Monday, the proposal had received nearly 69 million votes in favor, with voting set to end on December 25. After the proposal passes, there will be a two-day timelock period, after which the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering the burning of UNI tokens. The proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider returns. These changes are expected to significantly improve the supply and demand dynamics of the UNI token and enhance its long-term holding value.

Foresight News reported, citing Bloomberg, that Hong Kong plans to promote new regulations for cryptocurrency and infrastructure to guide insurance industry investments, with the insurance regulator imposing a 100% risk charge on crypto assets. According to the document, the risk charge for stablecoin investments will be determined based on the fiat currency to which the stablecoin is pegged under Hong Kong regulation. The regulator's proposal may still be adjusted and will be open for public consultation from February to April, after which it will be submitted to the legislative process.