Daily | Turkey releases cryptocurrency anti-money laundering regulations; 30 new wallets withdraw 1.37 million LINK from Binance; Russia is using Bitcoin in foreign trade

Organized by: Fairy, ChainCatcher

Important information:

• Türkiye unveils stricter cryptocurrency anti-money laundering regulations
• Deribit data: BTC and ETH options with a nominal value of approximately US$18.447 billion will expire and be delivered on Friday
• Data: Justin Sun transferred 70,182 ETH to HTX on Christmas Eve, worth approximately US$245 million
• Data: 30 new wallets withdrew 1.37 million LINK from Binance, equivalent to approximately $34.1 million
• South Korea’s average daily cryptocurrency trading volume in November was the same as the stock market, and the total number of investors exceeded 15 million
• Six mutual funds tracking Bitcoin price to launch in Israel on December 31
• Russian Finance Minister: Russia is using Bitcoin in foreign trade

"What important events happened in the past 24 hours?"

[Russian Finance Minister: Russia is using Bitcoin in foreign

trade](https://www.chaincatcher.com/article/2159162)

According to King Ten, the Russian Finance Minister said that Russia is using Bitcoin in foreign trade.

[Six mutual funds tracking Bitcoin price to launch in Israel on December

31](https://www.chaincatcher.com/article/2159161)

Six mutual funds tracking the price of Bitcoin (BTC) will go public in Israel next week after receiving approval from the Israel Securities Authority (ISA).

The six companies will start operations on the same day, December 31, a condition imposed by the regulator. "Investment firms have been pleading for ETF approval for more than a year and started sending prospectuses for Bitcoin funds in the middle of the year. But the regulator went its own way. It has to examine the details," the investment company executive said.

[Türkiye unveils stricter cryptocurrency anti-money laundering

regulations](https://www.chaincatcher.com/article/2159147)

Türkiye has introduced new cryptocurrency regulatory legislation in the last week of 2024, a move inspired by positive regulatory developments in major global jurisdictions such as Europe.

According to the published document, the new regulations require users who conduct transactions exceeding 15,000 Turkish lira (approximately $425) to provide their identity information to the country’s cryptocurrency service providers.

This new anti-money laundering (AML) regulation, designed to prevent money laundering and the financing of terrorism through cryptocurrency transactions, will be implemented on February 25, 2025 .

[Deribit data: BTC and ETH options with a nominal value of approximately

US$18.447 billion will expire and be delivered on Friday](https://www.chaincatcher.com/article/2159069)

Deribit data shows that BTC options with a nominal value of approximately US$14.515 billion and ETH options contracts with a nominal value of US$3.932 billion will expire and be delivered on Friday (December 27). Among them, the maximum pain point price of BTC is US$84,000 and the maximum pain point price of ETH is US$3,000. Dollar.

[Data: Justin Sun transferred 70,182 ETH to HTX on Christmas Eve, worth

approximately US$245 million](https://www.chaincatcher.com/article/2159065)

According to Spot On Chain monitoring, Justin Sun transferred 70,182 ETH to HTX on Christmas Eve, with a total value of approximately US$245 million. This includes 42,905 ETH unstaking from Lido Finance and 27,277 ETH transferred out from Etherfi.

Since November 10, Justin Sun has deposited a total of 179,101 ETH (approximately $645 million) into HTX at an average price of $3,601, with most transfers occurring near price highs.

Currently, Justin Sun still holds 106,905 stETH (approximately US$372 million) and 56,277 eETH (approximately US$196 million), of which 25,000 ETH (approximately US$87 million) are being unsecured from Etherfi.

[Data: 30 new wallets withdrew 1.37 million LINK from Binance,

equivalent to approximately $34.1 million](https://www.chaincatcher.com/article/2159124)

According to Lookonchain monitoring, 30 newly created wallets have withdrawn 1.37 million LINK ($34.1 million) from Binance in the past five days.

[Mocaverse operating expenses and liquidity wallet transferred 24.5

million MOCA to CEX, suspected to be used for market making](https://www.chaincatcher.com/article/2159118)

According to Lookonchain monitoring, in the past two hours, the Mocaverse operating expenses and liquidity wallet transferred a total of 24.5 million MOCA (approximately US$10 million) to the four major exchanges Gate.io, KuCoin, Bybit and Bitget, suspected to be used for market making.

[South Korea’s average daily cryptocurrency trading volume in November

was the same as the stock market, and the total number of investors exceeded 15 million](https://www.chaincatcher.com/article/2159060)

Bank of Korea data shows that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610,000 from October. This number represents more than 30% of the country’s total population and reflects increased market activity following U.S. President-elect Trump’s pledge to support the cryptocurrency industry. The rising price of Bitcoin has also contributed to the growth of this trend.

As of the end of November, total cryptocurrency holdings of South Korean investors totaled 102.6 trillion won (approximately $70.8 billion), compared with 58 trillion won (approximately $40 billion) in October. The average daily trading volume in November reached 14.9 trillion won (approximately US$10.288 billion), which is equivalent to the combined average daily trading volume of the Korea Composite Stock Price Index (KOSPI) market and the Korea Growth Enterprise Market Index (KOSDAQ) market in the same month.

[Glassnode: The severity of the market retracement during the Bitcoin

bull run is gradually weakening](https://www.chaincatcher.com/article/2159075)

Data disclosed by on-chain analysis company Glassnode shows that although sharp price increases in Bitcoin bull markets are usually accompanied by extreme selling pressure, as the market size expands, the severity of market retracement gradually weakens during each bull market rise.

The deepest retracement of this cycle occurred on August 5, 2024, with a drop of 32%. Most of the retracements have seen Bitcoin price fall just 25% below local highs, indicating that this cycle’s volatility has been one of the lowest to date.

This may reflect that the launch of spot ETFs has opened a huge window of demand, and at the same time, the interest of institutional investors is also growing. The supply (in terms of coins) of the vast majority of short-term holders is "underwater" compared to its cost price. ” run, but they did not suffer the extreme unrealized losses associated with the market deterioration.

“What are some great articles worth reading in the past 24 hours?”

[Gavin Wood’s handwriting: Polkadot 2024 Year in

Review](https://www.chaincatcher.com/article/2159141)

It's that time again... I temporarily put down the text editor I've been writing for a whole year and opened Medium. As the nights grow colder, the days grow shorter, and the fires are lit, it’s a good time to take stock of our ecosystem. How are we doing so far? What have we achieved in the past 12 months? What happens next? Buckle up, it's going to be a long one this year because we're always busy and eager to make more progress.

[2024 Bitcoin Year-end Review: The currency price rose 131%, which was

not as good as last year, and TVL surged 21 times to exceed US$6.7 billion.](https://www.chaincatcher.com/article/2159119)

In 2024, Bitcoin broke through the $100,000 mark in one fell swoop during its upward trend, setting a new milestone for the development of digital assets. The three keywords of “ETF approval”, “halving” and “US election” have driven Bitcoin’s market changes throughout the year. Behind this overall picture, Bitcoin’s performance in the trading market, on-chain fundamentals and application levels Are there any specific changes worth watching? What are the potential impacts of these changes on development in 2025?

[This article takes stock of the seven major DeFi staking platforms in

2025: How to maximize returns?](https://www.chaincatcher.com/article/2159098)

Since the development of the cryptocurrency industry, staking has become an indispensable cornerstone and plays an important role in network security and investor participation. By participating in staking, individuals can not only contribute to the stable operation of the blockchain network, but also unlock opportunities for passive income. Specifically, the benefits of participating in staking include:

1. Strengthen cryptoeconomic security: In essence, staking involves locking a certain amount of cryptocurrency to support the operation of the blockchain network. This process is especially critical for proof-of-stake (PoS) blockchains, where validators confirm transactions based on the amount of cryptocurrency they stake. This mechanism ensures the security of the network and closely connects the interests of participants with the healthy development of the blockchain.

2. Earn passive income: In addition to enhancing network security, staking provides attractive financial incentives. By staking their assets, investors can earn rewards, usually in the form of additional cryptocurrency tokens. This method of income generation meets the needs of both novice and experienced investors looking to maximize returns without active trading. In some projects, staking may also involve airdrop activities, providing pledgers with additional opportunities for asset appreciation.

3. Launch new projects through re-pledge: One of the latest innovations in the staking field is “Restaking”, which allows pledged assets to be reused across multiple protocols. This approach allows new projects to leverage the security and capital of existing networks, effectively bootstrapping their growth. For example, platforms such as EigenLayer facilitate re-staking by allowing users to stake their ETH or liquid staking tokens and extend cryptoeconomic security to other applications on the network, bringing further benefits to investors.

Meme Hot List

According to the Meme token tracking and analysis platform GMGN market data, as of 19:50 on December 25:

The top five popular Ethereum tokens in the past 24 hours are: MYSTERY, PEPU , HOODRAT , STARS, TOKI

The top five popular Solana tokens in the past 24h are: GUZUTA, MEOWMAS, LPENGU, DINO, $VITA

The top five popular tokens in the past 24h Base are: VIRTUAL , INNIT, CLOD, OGA, and KEVIN