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On December 17th, per Hyperinsight data, “Big Brother MaJi” Huang Licheng deposited ~1.1997 million USDC to Hyperliquid again 7 hours ago to continue longing ETH. This capital has since been used to open a 25x-leveraged ETH long position: the position size is 4050 ETH (worth ~$1.19 million), with a liquidation price of $2,694. To date, “Big Brother MaJi” has amassed total losses of $21.21 million on Hyperliquid.

December 17 — The Bank of Canada has explicitly stated it will only approve “high-quality” stablecoins pegged to central bank currencies under upcoming 2026 regulations, aiming to turn them into “sound money” akin to banknotes or bank deposits. Bank of Canada Governor Tiff Macklem made the remarks Tuesday at the Montreal Chamber of Commerce. He emphasized stablecoins must maintain a 1:1 peg to central bank currencies and be backed by “high-quality liquid assets” — typically Treasury bills and government bonds — that are easily convertible to cash. The announcement comes on the heels of Canada’s lengthy “2025 Budget Report” released in early November, which outlined requirements for stablecoin issuers: holding sufficient reserves, establishing redemption policies, implementing risk management frameworks (including personal and financial data protection) and adhering to other safeguards. “Our goal is to ensure Canadians can safely tap into the innovative potential of stablecoins

On December 17, former President Donald Trump posted on social media that Venezuela is surrounded by the largest fleet in South American history. The fleet will only expand, and Venezuela will face unprecedented consequences—until it returns all oil, land, and other assets it is alleged to have stolen from the U.S. Trump also noted the Venezuelan regime has been designated a foreign terrorist organization (FTO). He ordered a full blockade of all sanctioned oil tankers entering or exiting Venezuela, accusing the "illegitimate" regime of using oil from these alleged stolen fields to fund itself, terrorism, human trafficking, murder, and kidnapping. This move marks an escalation of the Trump administration’s pressure on Nicolás Maduro. Last week, the U.S. seized a sanctioned oil tanker near the Venezuelan coast.

December 17th: Per Alternative Data, today’s cryptocurrency Fear and Greed Index stands at 16 (yesterday’s reading was 11), signaling the market remains in “extreme fear.” Note: The index ranges from 0 to 100 and incorporates the following metrics: Volatility (25%) + Market Trading Volume (25%) + Social Media Activity (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends (10%).

On December 17, Aave CEO Stani.eth announced in a social media post that the U.S. Securities and Exchange Commission (SEC) has concluded its four-year investigation into the Aave protocol. To safeguard Aave, its ecosystem, and the broader decentralized finance (DeFi) space, the process required substantial effort and resource allocation from the team and founders. In recent years, DeFi has faced unfair regulatory scrutiny. Aave is pleased to break free from these constraints and enter a new era where developers can truly build the future of finance. DeFi will prevail.

December 17: Boston Federal Reserve President stated the 2026 dot plot does not include any rate cuts, noting the economy is expected to perform more strongly with GDP growth around 2.5%—meaning policy still needs to remain restrictive.