At the end of the year, riding on the momentum of HashKey's listing, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) jointly announced that, in addition to the original regulatory framework, they will proceed as planned to license and regulate two types of services—"virtual asset trading" and "virtual asset custody"—under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

Messari's 2026 Crypto Thesis reveals a shift from speculation to system-level integration, focusing on L1 valuation risks, AI agents, DePIN revenue, and equity perps.

Crypto has no eternal winter or summer; survival is the only narrative.

This article provides a thorough breakdown of the underlying logic of the U.S. stock tokenization track, along with an overview of current trading platforms involved in stock tokenization and in-depth perspectives from top-tier KOLs.

This article, based on the structural inflection point of the macro cycle and crypto finance at the end of 2025, reviews the first curve of Crypto, the end of the previous Kondratieff cycle, and the resulting financial disorder. Traditional finance is revealing structural failures under the combined pressures of monetary policy inertia, the AI bubble, and stringent regulation, while Open Finance is accelerating its growth driven by the real demand from emerging economies. 2026 may become the critical juncture where chaos drives structural shifts, allowing Crypto to cross the chasm and enter the mainstream financial system.

The Key to Unlocking the 21st Century's Power Dilemma.

So-called "market volatility" in the crypto market often serves as a superficial excuse; what truly determines fate is the distance between you and that "liquidation line."

If you feel this letter isn't good enough, or that Binance can do even better—that's great, we need someone like you! Come on, let's do it!

As we approach 2026, having moved beyond the infrastructure-focused approach of the past four years, the crypto industry is undergoing a profound paradigm shift. OKX Ventures defines this as the dawn of the "Kinetic Finance" era, where the core focus is no longer on network speed, but rather on the liquidity and earning efficiency of on-chain assets.

South Korea's Financial Services Commission has proposed raising the shareholding cap for major shareholders in leading stock exchanges to 15% to 20%.

Happy New Year, let's fight again next year!

We break down key metrics and delve into on-chain activities, institutional psychology, and the macroeconomic context.

While everyone else is chasing narratives, users have already written the truth of the year through their own actions.

The popularity of anything requires a confluence of favorable circumstances: the right time, the right place, and the right people.

Speed, users, and distribution are often more important than "technologies that look impressive."

Most participants supported a rate cut in December, with a minority believing the decision was well-considered and that they might have supported keeping rates unchanged. Those who supported the rate cut generally cited increased downside risks to employment in recent months.