If Bitcoin drops below $86,000, the total long liquidation volume on major CEXs will reach $514 million.

On December 17, the Hong Kong Stock Exchange (HKEX) disclosed that Hong Kong-listed firm MemeStrategy has acquired 2,440 SOL tokens in the open market for HK$2.4 million. As of press time, the company holds a total of 12,290 SOL tokens, with an approximate total purchase cost of HK$14.9 million. MemeStrategy stated it will stake its SOL holdings via a dedicated Solana validator, generating staking rewards to earn income and establish a new revenue stream.

As of Dec. 17, the probability of the Bank of Japan (BOJ) hiking rates by 25 basis points in December stands at 98% on Polymarket, while the odds of no rate change are 2%, per a relevant source. The BOJ is scheduled to announce its interest rate decision on Friday, Dec. 19, according to public information.

**HashKey Holdings Launches on HKEX Main Board: First Asian Digital Asset Firm to List in Hong Kong** HashKey Holdings Limited (stock code: 3887.HK)—a mature, integrated Asian digital asset company—officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX) on December 17. The milestone makes it the first Asian digital asset firm to go public in Hong Kong, laying a solid foundation for its global expansion and long-term strategy. At the listing ceremony, Dr. Xiao Feng, HashKey’s Chairman and CEO, noted: “Going public on HKEX is a new beginning. We’ve always been rooted in Hong Kong and committed to compliance. Moving forward, we’ll boost our infrastructure capacity, shore up core capabilities in security, custody, on-chain execution, and on-chain compliance, and build a globally leading digital asset infrastructure platform.” The global offering drew strong market interest, with HashKey securing nine cornerstone investors including UBS Asset Management Singapore

December 17 on-chain data shows the Hyperliquid Assistance Fund holds 37.114 million HYPE tokens, worth roughly $1.02 billion—accounting for ~13.7% of the current circulating supply. Total HYPE supply is 1 billion tokens, with current market cap at $7.406 billion and fully diluted valuation (FDV) at $27.35 billion. Previously reported: The Hyper Foundation posted on social media proposing a validator vote to formally confirm HYPE held by the Assistance Fund has been burned and permanently removed from both circulating and total supply.

December 17: Hyper Foundation took to social media to propose a validator vote formally confirming the Aid Fund’s HYPE tokens have been burned and are permanently removed from circulation and total supply. **Background**: The Aid Fund automatically converts transaction fees to HYPE during Layer 1 (L1) execution. Like a burn address, the Aid Fund’s system address has no associated private key—meaning the funds are theoretically unrecoverable without a hard fork. **Vote Context**: A “yes” vote signals validators agree to recognize the tokens as burned. No on-chain action is required (the tokens reside in a private-key-free system address). This vote establishes a binding social consensus that will never greenlight protocol upgrades to access the address.

On December 17th, Risc Zero announced the shutdown of its official hosted proof service, while the Boundless Network has entered a fully decentralized new phase—marking the universal zero-knowledge (ZK) proof market’s full transition to a completely open, decentralized, market-driven landscape. Previously, Risc Zero provided official ZK proofs to help developers access zero-knowledge computing capabilities without building their own hardware. As the Boundless Network’s functionality and verification capabilities mature, proof requests will now be handled by independent nodes in the network, aligning the proof mechanism with blockchain’s core traits of resilience and neutrality. ### Boundless: A Fully Decentralized Open Proof Market Boundless is a universal ZK proof market built for multi-chain and application-focused use cases—any chain or app can leverage it to get ZK proofs, boosting scalability and interoperability. The network uses a **Proof of Verifiable Work (PoVW)** mech