There is a divergence in the Chinese community regarding the short-term trend, with traders focusing on the selling pressure caused by liquidity depletion.

December 23 — South Korean payment giant BC Card has wrapped up a stablecoin payment pilot program, allowing foreign users to pay local merchants with stablecoins. The pilot is a collaboration between BC Card, blockchain firm Wavebridge, wallet provider Aaron Group, and cross-border remittance service Global Money Express. It lets foreign users convert stablecoins from their overseas wallets into a digital prepaid card via BC Card. As one of South Korea’s largest payment companies, BC Card processes more than 20% of the nation’s card transactions and serves 3.4 million domestic merchants. Its controlling shareholder is KT Corporation, one of the country’s three major telecom firms.

On December 23, Binance Alpha launched the second round of Audiera (BEAT) airdrop distribution. BEAT is currently trading at $3.3, with a market cap of $525 million. Eligible users can claim 9 BEAT tokens from the airdrop—roughly $30 at current prices.

On December 23rd, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a whale who accumulated 445 WBTC (totaling ~$38.16 million) over the past month at an average price of $85,754.65 is now reducing its position. Four hours ago, the whale deposited 195 WBTC (valued at ~$17.05 million) to Binance. Over the past three weeks, the whale has reportedly sold 245 WBTC, locking in a $325,000 profit if those trades were finalized. It still holds 200 WBTC, with an unrealized gain of $389,000—WBTC hit a peak of $94,555 during this holding period.

On December 23, Binance Alpha rolled out the second round of the Audiera (BEAT) airdrop distribution. Eligible users with at least 225 Alpha Points can claim 9 BEAT tokens on a first-come, first-served (FCFS) basis. If the reward pool isn’t fully distributed, the points threshold will drop by 5 points automatically every 5 minutes. Claiming the airdrop requires 15 Alpha Points.

On December 23, Ethereum co-founder Vitalik Buterin addressed a community question: “Why does Ethereum still have a contract size limit?” He cited concerns over DoS risks as the core reason. Once Ethereum’s state structure upgrades to a unified binary tree (per EIP-7864), unlimited contract size is anticipated. However, gas costs and mechanism design for deploying extremely large contracts still need to be resolved. Currently, costs are calculated on a per-byte basis, leading to an actual contract size cap of around 82KB.

December 23 — The U.S. Department of Justice (DOJ) has officially released nearly 30,000 pages of Jeffrey Epstein-related documents. These include false, sensational allegations against former President Trump that were submitted to the FBI on the eve of the 2020 election. The DOJ has emphasized the allegations are baseless and entirely fabricated, noting that if they had any credibility, they would have been used to attack President Trump long ago. However, out of its commitment to the rule of law and transparency, the department will release the documents while protecting Epstein’s victims. Prior to this release, the DOJ began publishing Epstein case-related investigation documents on December 19, as required by the **Epstein Files Transparency Act**—legislation passed by Congress in November and signed into law by former President Trump. The act mandates the DOJ to publicly disclose all relevant unclassified records, including investigative, prosecutorial, and incarceration mat