Crypto Morning Brief: Zama Announces Mainnet Launch, Stable Pre-deposit Event Phase 2 Opens for Withdrawals
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Crypto Morning Brief: Zama Announces Mainnet Launch, Stable Pre-deposit Event Phase 2 Opens for Withdrawals
Sui announces the launch of private transaction functionality in 2026.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
South Korea's "Digital Asset Basic Act" Draft to Include Investor Protection Measures, but Submission Delayed to Next Year Due to Controversy
According to Yonhap News Agency, South Korea's government is drafting the "Digital Asset Basic Act" (Virtual Asset Phase 2 Bill), which will include investor protection measures such as no-fault liability for damages by digital asset operators and bankruptcy risk isolation for stablecoin issuers. The bill requires stablecoin issuers to deposit reserve assets with management institutions like banks, with deposits or trusts exceeding 100% of the issuance balance. However, due to disagreements between the Financial Services Commission and the Bank of Korea on core issues such as the entities eligible to issue stablecoins and the setup of regulatory bodies, the submission of the government's proposal will be postponed until next year. The Financial Services Commission stated it is currently working with relevant agencies to gradually narrow the differences in positions.
OECD Crypto-Asset Reporting Framework (CARF) to Officially Take Effect on January 1, 2026
According to Cointelegraph, the Organisation for Economic Co-operation and Development's (OECD) Crypto-Asset Reporting Framework (CARF) will begin data collection on January 1, 2026, across 48 jurisdictions, including the UK and the EU.
CARF requires cryptocurrency trading platforms to collect more detailed customer information, verify tax residency, and annually report user balances and transactions to domestic tax authorities. This data will be shared cross-border through existing information exchange agreements.
Lucy Frew, Head of the Global Regulatory & Risk Advisory Group at international law firm Walkers, stated that CARF will be a "game-changer," reshaping compliance requirements for digital asset businesses and their clients. Crypto exchanges will need to integrate CARF requirements into existing KYC and anti-money laundering processes, redesign registration processes to capture tax residency information, and upgrade reporting systems.
Grayscale Submits Form S-1 Registration Statement for Bittensor (TAO) ETF to the U.S. SEC
According to official documents, Grayscale has submitted a Form S-1 registration statement to the U.S. SEC for the Grayscale Bittensor Trust (TAO). The product is intended to be renamed the Grayscale Bittensor Trust ETF upon the registration becoming effective and listing on NYSE Arca. The trust's sole asset is the native token TAO of the Bittensor Network.
Zama Announces Mainnet Launch, Completes First cUSDT Privacy Stablecoin Transfer
According to an official announcement, Zama has officially launched its mainnet and completed the first cUSDT privacy stablecoin transfer on Ethereum.
It is reported that Zama is an open-source cryptography company dedicated to building advanced Fully Homomorphic Encryption (FHE) solutions for blockchain.
Sui Announces Privacy Transaction Feature to Launch in 2026
According to an official announcement from Sui, Sui will launch a privacy transaction feature in 2026.
edgeX: TGE to be Delayed, Latest by March 31
During yesterday's Community Call, the decentralized derivatives trading platform edgeX confirmed that the project's Token Generation Event (TGE) will be delayed, with the latest postponement date being March 31.
Stable Pre-deposit Event Phase 2 Withdrawals Now Open
Hourglass announced early this morning that Phase 2 of the Stable pre-deposit event has ended, and deposits are now claimable. All users who received allocation in Phase 2 can now claim their funds via Merkl. Users with excess refunds can also claim them via the Merkl dashboard. Users not approved for participation in Phase 2 can withdraw their USDC at any time through the application or directly from the underlying smart contract.
PeckShield: Unleash Protocol Hacked, Losses Approximately $3.9 Million
According to PeckShieldAlert monitoring, Unleash Protocol on Story Protocol experienced unauthorized fund outflows, resulting in losses of approximately $3.9 million. The attacker subsequently cross-chain transferred the stolen funds to the Ethereum network and deposited 1,337.1 ETH into the Tornado Cash protocol.
SlowMist: Total Losses from Security Incidents in the Blockchain Field in 2025 Reach $2.935 Billion, a 46% Year-on-Year Increase
SlowMist's "2025 Blockchain Security and Anti-Money Laundering Annual Report" shows that a total of 200 security incidents occurred throughout the year, causing losses of approximately $2.935 billion, a 46% year-on-year increase. The Ethereum ecosystem suffered the most severe losses, reaching $254 million. DeFi projects were the most frequently attacked area, with 126 incidents accounting for 63% of the total and losses of $649 million. Although exchanges only had 12 incidents, they caused losses of $1.809 billion, with Bybit alone losing $1.46 billion in a single incident. In terms of attack causes, contract vulnerabilities were the primary trigger, with 61 incidents; hacked X accounts followed closely with 48 incidents.
The report also pointed out that blockchain security in 2025 exhibited three major characteristics: more professional attack methods, more concealed criminal chains, and stronger regulatory enforcement. North Korean hacker activity was frequent, with stolen amounts reaching $1.645 billion in just the first nine months, setting a new historical record.
Crypto Mining Company Cango Receives $10.5 Million Investment from EWCL, Funds to Strengthen Bitcoin Mining Operations
According to PRNewswire, Bitcoin mining company Cango Inc. (NYSE: CANG) announced it has received a $10.5 million investment from Enduring Wealth Capital Limited (EWCL). Under the agreement, EWCL will subscribe for 7 million Class B ordinary shares at a price of $1.50 per share, with each share carrying 20 votes.
Upon completion of the transaction, EWCL's shareholding in Cango is expected to increase from approximately 2.81% to about 4.69%, and its voting rights are expected to increase from approximately 36.68% to about 49.61%. Cango CEO Paul Yu stated that the funds will be used to strengthen Bitcoin mining operational capabilities, improve hash rate efficiency, upgrade mining equipment, and selectively acquire strategic mining assets.
Bitcoin Treasury Company Mogo Announces Rebranding to Orion Digital, Current Holdings Valued at Approximately $24 Million
According to Businesswire, Nasdaq-listed Bitcoin treasury company Mogo announced its rebranding to Orion Digital. It is expected to begin trading under the new ticker symbol ORIO on January 2, 2026. The company's board previously announced authorization of $50 million for allocating Bitcoin as part of a long-term capital preservation and product innovation strategy. It also liquidated $13.8 million worth of WonderFi shares and increased its Bitcoin holdings. According to BitcoinTreasuries data, it currently holds Bitcoin valued at approximately $24 million.
Market Dynamics
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