According to Cointelegraph, Spain's national securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), has released a comprehensive Q&A document detailing the application of the European Union's Markets in Crypto-Assets Regulation (MiCA) within the country. This initiative aims to provide clarity for crypto companies regarding authorizations, notifications, daily operations, and the transitional regime, urging platforms to make a decisive 'comply or quit' choice as MiCA is enforced. Spain joins other EU member states, such as Italy, in actively utilizing MiCA's transitional flexibilities to avoid prolonged regulatory uncertainty. The CNMV's FAQ offers guidance to crypto-asset service providers (CASPs) on obtaining authorization in Spain, explaining how national procedures align with MiCA. It addresses which firms are affected, the interaction between MiCA and existing national registrations, and the processes for authorization and notification that CNMV has established. The document also outlines how notifications related to authorization and cross-border activities should be managed during the transitional period, emphasizing the importance of adhering to transitional deadlines. Under MiCA, member states may allow existing providers to operate for a limited transitional period until July 1, 2026, or until authorization is granted or denied, whichever occurs first. However, Spain has opted for a shortened transitional period ending on December 30, 2025. Entities benefiting from this transition must secure MiCA authorization by that date to continue offering in-scope crypto-asset services in Spain. Failure to obtain authorization will result in the prohibition of operations, and continued activity without authorization would violate MiCA regulations. Businesses must be prepared to adapt their models or cease operations based on the outcome of their authorization process. The Q&A is accompanied by new criteria on how MiCA will apply to funds, venture capital vehicles, and MiFID II entities, along with updated guidance on when investment-related influencers are considered to be engaging in client acquisition. These measures are part of a broader effort to enhance investor protection as MiCA is implemented. This development follows similar actions in Italy, where the Italian regulator CONSOB has set a deadline of December 30, 2025, for existing VASPs to apply for MiCA-style authorization or exit, with transitional operation permitted only for those that file, and no later than June 30, 2026. The move reflects a wider trend in Europe to reconsider crypto oversight as ESMA centralization gains momentum.

According to BlockBeats, data from CME's FedWatch indicates that ahead of the U.S. employment data release tonight, there is a 24.4% probability that the Federal Reserve will cut interest rates by 25 basis points in January next year, while the likelihood of maintaining the current rates stands at 75.6%. The probability of the Federal Reserve keeping rates unchanged until March next year is 49%, with a cumulative 25 basis point rate cut probability at 42.4%, and an 8.6% chance of a 50 basis point cut. The next two Federal Open Market Committee (FOMC) meetings are scheduled for January 28, 2026, and March 18, 2026. The U.S. Bureau of Labor Statistics is set to release the seasonally adjusted non-farm payroll data and unemployment rate for November tonight at 21:30 (UTC+8). The expected figures for November's seasonally adjusted non-farm payroll are 400,000, and the unemployment rate is anticipated to be 4.40%.

According to ChainCatcher, a recent global fund manager survey conducted by Bank of America reveals an increase in the number of investors who believe the U.S. dollar is overvalued. In December, approximately 53% of investors expressed this sentiment, compared to 45% in November. The survey also indicates that investors are currently underweight on the dollar relative to historical levels. Short positions on the dollar are considered the third most crowded trade.

But according to Grayscale, that framework may be approaching its limits. source: https://coindoo.com/bitcoin-may-be-entering-a-post-cycle-era-says-grayscale/

Visa is pushing stablecoin settlement into the U. S. banking system, and it is doing it with USDC, Circle, and two early banking partners, Cross River Bank and Lead Bank. Visa will settle transactions over Solana, and it will back Circle’s coming Arc blockchain once that network goes live. Visa has run tests abroad before this […] source: https://www.cryptopolitan.com/visa-circle-usdc-settlement-to-u-s-banks/

According to ChainCatcher, Canadian-listed Bitcoin treasury company Matador Technologies has announced a revision to its previous $100 million convertible note financing agreement. The company disclosed that it has signed a registration rights agreement with investors, allowing it to raise a total of $75 million through the issuance of additional notes. The funds will be used to purchase Bitcoin for Matador's balance sheet. However, Matador Technologies has removed the previously announced plan to hold 6,000 Bitcoins by 2027 from its latest disclosure.

null source: https://x.com/BTC_Archive/status/2000900247489315177

据 Arkham 监测，大约半小时，标记为 Starknet 团队的地址后将 1575 万枚 STRK 代币转出到两个新地址，价值约合 150 万美元，从历史上看这些钱包通常被用于向交易所进行逐步转账，其中一个地址指向一个与 Galaxy Digital 关联的钱包并已观察到有进一步的资金流出。

According to ChainCatcher, payment giant Visa is opening its U.S. network to support stablecoin settlements, aiming to expand its cryptocurrency-related products and services. Visa will allow U.S. institutions to use Circle Internet Group Inc.'s USDC tokens for transaction settlements via the Solana blockchain. Cross River Bank and Lead Bank are the first institutions to utilize this service.

null source: https://x.com/DaanCrypto/status/2000899206417113578

今日晚间推荐阅读：1.回望2025：全球加密监管政策取得了哪些进展？；2.2026年加密牛市持续；3.Bitwise 2026年预测：比特币将打破四年周期 创下历史新高；

MetaMask, the world-renowned crypto wallet initially built for Ethereum, has officially added Bitcoin support, nearly ten months after first hinting at the integration.

x402协议,机器的经济秩序：智能体商业的全栈路径 金色财经,从协议栈到支付生态的 Agent 投资图谱。

HashKey Holdings raised HK$1.6 billion in its IPO, pricing shares near the top of the marketed range despite crypto market volatility. The offering attracted strong demand from institutional and retail investors, highlighting confidence in the company’s regulated crypto platform.

The sentencing of Samourai Wallet developer Keonne Rodriguez has become a defining moment in the escalating battle between crypto privacy advocates and U.S. regulators—and now, President Donald Trump’s suggestion of a potential pardon could mark a rare turning point for the industry.

PayPal applied for a U.S. bank charter to offer direct loans to small businesses and interest-bearing savings accounts. The company also filed with the FDIC to ensure deposits would be federally insured.

保守估计，每年约有 20 亿加密资产因无人继承退出流通。

2025年，全球加密监管格局迎来全新变化，各地的监管不再依赖于执法行动塑造行业格局，而是制定了不同的监管框架。本文回顾加密行业2025年在全球主要地区取得的监管成果。

如果 Crypto × Fintech 在未来 10 年真的创造了增益，那 biggest winners 会是谁？

既然稳定币——法币的代币化形式，能够在现实世界高效运转，那么股票的代币化形式呢？