「Buddy」 increased their XPL long position to $13.3 million, with an average open price of $1.55 per token.

Data analyst Murphy noted on December 21 that on-chain data has shown signs of sentiment recovery. Between November 13 and 25, the number of addresses exiting BTC positions entirely (after holding) within 30 days jumped—this was the period when BTC saw its steepest and fastest price drop. The sharp rise in fully exited addresses also reflects market panic and pessimism. However, between December 1 and 18, BTC repeatedly tested support levels, and the count of such fully exited addresses began to fall. This trend aligned closely with bullish activity and sentiment shifts in the futures market.

Binance Wallet announced on December 21 that the Pre-TGE for Bitway (BTW) will be held on December 22 from 4:00 PM to 6:00 PM UTC+8. Eligible users can join via the Alpha activity page, and participation requires 15 points. Important Note: Reward tokens from the Pre-TGE will have a lock-up period set by the project team. During this lock-up period, the tokens cannot be traded, transferred, or used. The unlock time may not be announced in advance. Prior to participating, please ensure you understand the associated risks.

On December 21, Coinglass data reveals the following top net flows in the cryptocurrency spot market over the past 24 hours: ### Top Net Outflows - BTC: $73M - NIGHT: $67M - ETH: $46M - WET: $11.3M - SOPH: $6.75M ### Top Net Inflows - XRP: $12.3M - TRX: $11.5M - UNI: $11.32M - USDE: $4.88M - DOGE: $2.4M This aligns with American financial news conventions—concise, scannable, and focused on key data points.

December 21st — Per Onchainlens data, a whale has withdrawn another 246,259 LINK from Binance, valued at $3.08 million. The whale has now accumulated a total of 445,775 LINK, worth $5.57 million.

On December 21, Caixin magazine reported that Zhao Zhongxiu, president of the University of International Business and Economics (UIBE), and other scholars published an article titled *Global Stablecoin Regulation Taking Shape: The "Chinese Approach" Could Be Piloted in FTZs*. The article notes that with stablecoin legislation now enacted across multiple major global jurisdictions, China should not miss this historic opportunity. To prudently advance stablecoin-related business and regulation on the Chinese mainland, the authors propose launching pilot programs in Free Trade Zones (FTZs)—including the Qianhai FTZ adjacent to the Hong Kong Special Administrative Region (SAR) and the Hainan Free Trade Port. Specific pilot initiatives include: establishing a "Cross-Border FinTech Lab," creating a stablecoin "whitelist" system, launching an offshore RMB stablecoin innovation pilot, promoting digital trade and intellectual property (IP) financing, and upgrading blockchain infrastructu