BlockBeats News, December 27, according to Farside monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $589.4 million this week, including:· IBIT net outflow of $242.7 million;· FBTC net outflow of $110.7 million;· BITB net outflow of $54 million;· ARKB net outflow of $31.3 million;· EZBC net outflow of $5.1 million;· HODL net outflow of $41.6 million;· GBTC net outflow of $72.8 million;· Grayscale BTC net outflow of $31.2 million.

BlockBeats news, December 27, according to CNBC reports, Strategy is accelerating its shift towards liquidity management, having established a $2.2 billion cash reserve to pay preferred stock dividends and debt interest without selling Bitcoin.As the company's valuation premium relative to its Bitcoin position gradually declines, this cash buffer is seen as a key measure to stabilize the financial structure and reduce the risk of passive selling.

Author: Trustin On December 2, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins, in a speech at the New York Stock Exchange, officially announced the end of the multi-year era of "enforcement regulation" targeting the cryptocurrency industry. He clearly defined a timeline: January 2026. The establishment of this timeline marks a fundamental shift in the U.S. regulatory approach toward crypto assets, particularly stablecoins and DeFi governance. It moves from passive case-by-case enforcement to establishing a "regulatory sandbox" with clear entry standards. This new rule, known as the "Innovation Exemption," derives its theoretical framework from the "Project Crypto" plan disclosed in November of this year, aiming to redefine the path for integrating crypto assets into the mainstream financial system. The core of this policy is not merely about "exemption" but about establishing a new regulatory contractual relationship. What is the "Innovation Exemption"? According to the transcript of the SEC's speech titled "Revitalizing U.S. Markets on the 250th Anniversary of the Nation's Founding," starting January 2026, eligible entities will receive a "compliance buffer period" of 12 to 24 months. During this period, project teams will not need to undergo the traditional and cumbersome S-1 securities registration (IPO-level disclosure) but can operate by submitting simplified information. This mechanism addresses the long-standing industry dilemma known as "Catch-22," where startup protocols cannot afford the compliance costs at the level of a public company yet face lawsuits for not being registered. Based on the framework document "SEC Digital Asset New Policy: Decrypting 'Project Crypto'" released on November 12, the exemption scope covers DeFi protocols, DAO organizations, and stablecoin issuers, which regulators view as the core of future payments. The SEC simultaneously introduced a new asset classification system, dividing digital assets into commodity-type, utility-type, collectible-type, and tokenized securities. This provides a legal pathway for assets that can demonstrate "sufficient decentralization" to be exempt from securities law jurisdiction. Regulatory Consideration: Trading KYC for S-1 Exemption This policy is essentially a clear "regulatory consideration." The SEC relinquishes the prior approval authority of S-1 registration in exchange for real-time monitoring rights over on-chain fund flows. Policy details indicate that the prerequisite for exempting S-1 registration is that project teams must establish comprehensive financial compliance infrastructure. Implementing strict user verification procedures becomes a mandatory threshold for obtaining exemption rights. The impact on the industry structure is structural: Restructuring DeFi Toward "Permissioned": To meet requirements, DeFi protocols may accelerate their evolution toward "permissioned DeFi." Liquidity pools will be divided into identity-verified "compliant layers" and unverified "public layers." Upgrading Technical Standards: The simple ERC-20 standard may no longer suffice. Token standards with embedded identity verification and compliance logic (such as ERC-3643) will become the technical foundation for passing regulatory scrutiny. Stablecoins: From "Asset Reserves" to "Flow Compliance" In the "Project Crypto" framework, stablecoin issuers are explicitly included in the exemption pathway, which is a significant boon for the payments sector but also imposes higher compliance requirements. Over the past few years, stablecoin compliance has focused on "proof of reserves," ensuring that off-chain bank accounts hold sufficient U.S. dollar backing. Under the 2026 new rules, the compliance focus will shift toward "on-chain behavior analysis" (On-chain KYA/KYT). For issuers and payment institutions, this means: Extended Responsibility: Issuers must not only manage their ledgers but also possess the capability to identify high-risk on-chain interactions. Only by proving that the issued stablecoins are not used for illegal activities can they maintain their exemption status. Legitimizing Payment Channels: By introducing anti-money laundering and sanctions screening mechanisms, stablecoins will shed their gray-area status and become recognized, regulated tools for cross-border payments. This significantly reduces the compliance uncertainty costs for payment companies. Uncertainties After 2026 The exemption period is up to 24 months. This is a countdown. During this time, project teams must submit quarterly operational reports. After the two-year period ends, they must face an "ultimate assessment": either prove they have met the SEC's yet-to-be-quantified "sufficient decentralization" standard to be fully exempt, or complete formal registration. The current biggest risk lies in the fact that the definition of "sufficient decentralization" remains in the hands of regulators. This means project teams must not only advance decentralization technically but also withstand retrospective compliance data scrutiny. Conclusion The SEC's Innovation Exemption policy is not the end of the old era but the beginning of the industrialization process for the cryptocurrency industry. We are entering a new phase of "embedded compliance." Future competition will no longer be about evading regulation but about how to encode compliance logic into the code, making it an integral part of the infrastructure. For stablecoins and DeFi, the ability to seamlessly integrate verifiable compliance layers while maintaining technical efficiency will be the survival rule after 2026.

PANews reported on December 27th that Alternative data shows the cryptocurrency fear and greed index is at 23 today, indicating the market has been in a state of "extreme fear" for two consecutive weeks. Market sentiment has hovered near low levels for most of December. Industry analysts have differing opinions on Bitcoin's performance in 2026. For example, PlanC believes that Bitcoin has never experienced two consecutive years of annual decline, so next year will see a bull market. Bitwise's Chief Investment Officer, Matt Hougan, is also optimistic about next year's rise. However, veteran trader Peter Brandt and Fidelity's Global Head of Macroeconomic Research, Jurrien Timmer, believe that 2026 may be a "depressing year" for Bitcoin, with prices potentially falling to the $60,000-$65,000 range.

PANews reported on December 27th that UXLINK announced that the community has unanimously approved a buyback and strategic reserve proposal. UXLINK will launch this program this December, using project profits each month to buy back no less than 1% of the total supply of $UXLINK and deposit it into the strategic reserve.

BlockBeats 消息，12 月 27 日，据 Coinglass 数据，过去 24 小时 CEX 净流入 431.42 枚 BTC，其中流入量排在前三位的 CEX 如下：· Binance 净流入 1,970.96 枚 BTC；· Bitfinex 净流入 153.22 枚 BTC；· KuCoin 净流入 66.34 枚 BTC。此外，Kraken 净流出 1,369.91 枚 BTC，位列流出榜第一。

BlockBeats news, December 27, the UXLINK community passed the 'Buyback and Strategic Reserve' governance proposal with 100% support. According to the implementation plan, the project will initiate the program starting this December, using project profits to repurchase no less than 1% of UXLINK's total supply each month, and deposit it uniformly into the strategic reserve pool.Officially stated, this mechanism will continuously advance value backflow, and token value accumulation begins immediately.

PANews reported on December 27th that, according to TheMinerMag, Bitmain is accelerating price reductions for both traditional and next-generation Bitcoin mining hardware. In late December, Bitmain launched bundled deals and factory discounts, bringing the prices of several S19 and S21 series miners down to levels that would have been considered low-price promotions earlier in the cycle. As of December 22nd, Bitmain was offering the S19e XP Hydro and 3U S19 XP Hydro miners at as low as $3/TH/s, and the S19 XP+ Hydro miner at as low as $4/TH/s. Analysis indicates that with network hashrate remaining near all-time highs while Bitcoin prices have fallen, hashrate prices are hovering near multi-year lows, increasing pressure on the mining industry. This environment is squeezing miners' profit margins, reducing demand for new equipment, especially inefficient models, and intensifying competition between ASIC miner manufacturers and secondhand market sellers.

BlockBeats News, December 27th, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, address 0x50b…c9f20 started an ETH long position yesterday and opened a BTC short position 9 hours ago. The current position status is as follows:ETH long position: holding 27,304 tokens ($80.04 million), entry price $2,931.9, unrealized loss $5,543;BTC short position: holding 250.36 tokens ($21.91 million), entry price $87,334.2, unrealized loss $46,000;This account has accumulated a profit of $3.638 million since July this year.

BlockBeats news, December 27th, according to Hyperinsight monitoring, "Machi" has slightly increased net long positions in Ethereum and HYPE over the past 24 hours. As of press time, their total long position value is $24.268 million:Ethereum 25x long position, holding 8,200 tokens, liquidation price $2,874;HYPE 10x long position, holding 8,888.88 tokens.