The European Union Council supports a dual-track design for digital euro, emphasizing a privacy-oriented, cash-like mechanism for both online and offline use. However, it still faces technical limitations and legislative challenges, and the prospects for advancing legislation are cautious.
The Council of the European Union recently officially expressed support for the European Central Bank's (ECB) proposed digital euro blueprint and agreed that the digital euro will be launched with both an "online version" and a "privacy-focused offline version." The next step will be the review stage by the EU legislative bodies.
Simultaneous Development of Online and Offline Digital Euro Versions to Expand Digital Payment Flexibility
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According to the latest documents from the EU Council, the council has explicitly endorsed the ECB's overall design direction for the digital euro and remains aligned with the central bank's stance. That is, the digital euro will be planned with both an online version and an offline version, and

The Legislative Yuan passes the AI Basic Law in the third reading, establishing seven governance principles. This article is a quick guide to the AI Basic Law, clearly explaining the seven principles and how the legislation addresses some of the most concerns of the public.
AI Basic Law passes in the third reading, Taiwan moves from declaration to legal implementation
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On December 23rd, Taiwan's Legislative Yuan officially passed the AI Basic Law in the third reading, not only establishing the legal foundation for AI development in Taiwan but also marking a new milestone in Taiwan's AI governance. The law designates the National Science and Technology Council as the central competent authority for AI, with local authorities being the county and city governments.
Regarding the successful passage of the AI Basic Law, Cai Ming-shun, Dean of Taiwan Artificial Intelligence School, believes that the passage of the law signifies that Taiwan's AI governance has officially transitioned from policy declarations to legal implementation.

ETHZilla's Coin Hoarding strategy takes a sharp turn, selling $74.5 million in Ether to pay off debts, officially shifting towards RWA tokenization, dousing the coin hoarding craze for listed companies.
ETHZilla (stock code: ETHZ), which received investment from Silicon Valley venture capital king Peter Thiel, has transformed into an Ether reserve company for less than half a year, but suddenly hit the brakes. ETHZilla confirmed on Monday that in order to repay company debts, it has sold Ether worth 74.5 million USD; at the same time, it announced that the company's strategic focus will shift from simple "Coin Hoarding" to a business that has more cash flow potential in "Real World Asset (RWA) tokenization."
This company, formerly known as the NASDAQ-listed biotech company 180 Life Sciences, is undoubtedly acting in a way that invites a stampede of imitation.

The Brazilian Ministry of Culture approved a music project that transforms Bitcoin price data into musical notes through an algorithm, to be played live by an orchestra, allowing the audience to experience the auditory sensation of market fluctuations. The project raised 1.09 million reais, and the concert is scheduled to take place in Brasília.

VanEck pointed out that Bitcoin computing power decreased by 4% in a month, with miner capitulation emerging. History shows that the probability of long positions returning is increasing, and institutions are simultaneously accelerating their coin hoarding at low prices.
The latest report from asset management company VanEck indicates that recent Bitcoin mining activities have significantly cooled down, and based on historical experience, this could likely herald the return of long positions in Bitcoin.
In a research report released on Monday, VanEck noted that reviewing market patterns since 2014, when Bitcoin's total network Computing Power shows a contraction, there is a 65% probability that the investment return in the following 90 days will be positive; conversely, when the Computing Power continues to grow, the probability of a positive return is only 54%.
VanEck analysts pointed out that empirical data shows that "the decline in Computing Power may actually be a bullish signal for long positions," and described it as a contrarian indicator, often accompanied by "Miner Capitulation" - that is,

Facing the severe Fluctuation in 2025, what truly destroys traders is not a single loss, but rather uncontrolled Risk Management and emotional reactions. Only by fixing rules and rebuilding processes can we avoid repeating past mistakes.
2025 will be another year of Fluctuation, but many people will suffer losses in trading.
This article is not written for those who have been suffering long-term losses, but for those traders who were originally making stable profits and had outstanding abilities, yet have given back a large amount of earnings this quarter.
One of the most painful things in life is watching months or even years of effort go down the drain in an instant.
In Greek mythology, Sisyphus was punished by the gods for his transgressions with an eternal punishment: he must endlessly push a huge boulder up a mountain, and every time he reaches the peak, the boulder rolls back down, forcing him to start all over again. The cruelty of this punishment is unique and strikes at the core of human experience.
Trading is the same. Unlike most professions, trading does not have

Ray Dalio pointed out that while Bitcoin has the potential as a store of value, its transparency, technology, and institutional risks make it difficult to become a core reserve asset for central banks, and its positioning still leans more towards being a hedging tool for individual investors.
Transparency and controllability become key, making it difficult for the Central Bank to incorporate Bitcoin into core reserves.
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Ray Dalio, the founder of Bridgewater Associates, recently stated in a podcast that even though Bitcoin has a fixed supply and is gradually being viewed as a store of value, the possibility of it being held on a large scale by Central Banks is still very low.
He pointed out that the problem is not whether Bitcoin has value, but that its structural characteristics do not meet the core requirements of the Central Bank for reserve assets.
Unlike gold, all Bitcoin transactions are recorded on a public blockchain, providing a high level of traceability. Governments can not only monitor the flow of transactions but may also intervene under specific circumstances.

Spotify was hacked by a piracy organization that stole 300 TB of data, including 86 million audio files. The organization plans to make it public in the form of torrents, which not only impacts musicians' income but also reveals that the platform has a large amount of low-quality AI-generated music.



Spotify data breach case, piracy organization claims to have stolen 300 TB of data.
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The global streaming music leader Spotify has recently been reported to have experienced a massive data leakage incident. The piracy organization known as "Anna's Archive," referred to as the "secret library," claims to have successfully backed up Spotify's music library and plans to make the data public.

Anna's Archive claims in a blog post that it has captured Sp

JPMorgan is assessing the provision of Bitcoin spot and derivative trading for institutional clients, reflecting the rising compliance demands and Wall Street's accelerated efforts to reshape its positioning in the crypto market.

The Hong Kong Insurance Authority plans to relax the investment of insurance funds into encryption assets and infrastructure, with encryption assets adopting 100% risk capital, and will launch a public consultation process next year to submit to the Legislative Council.

Citigroup estimates that Bitcoin will reach $143,000 in the basic scenario over the next 12 months, with key momentum coming from the recovery of ETFs and the advancement of U.S. encryption legislation, viewing $70,000 as an important support.

Tether plans to launch a hosted wallet that supports only Bitcoin and three stablecoins. The wallet integrates a local AI assistant, combining payment and privacy security, showcasing the ambition of vertically integrating the encryption ecosystem.

The Modern Group was threatened by a Bitcoin bomb ransom, leading to the emergency evacuation of multiple buildings in Seoul. Police confirmed it was a false alarm, revealing that the recent encryption ransom and intimidation attacks in South Korea have significantly increased, putting pressure on businesses and national security.

The Terra crash has triggered a new storm, with the bankruptcy administrator suing Jump Trading for manipulating the UST Market Stabilization for profit, claiming $4 billion in damages and attempting to hold them accountable for the $40 billion crash.

The Central Bank of Taiwan warns that if US dollar stablecoins circulate widely, they may create a shadow forex market and evade exchange settlement regulations, thus impacting the stability of the New Taiwan dollar exchange rate and regulation. In the future, in addition to strengthening monitoring measures, it does not rule out formally incorporating information related to stablecoins into the observation indicators of monetary policy management.

The U.S. CLARITY Act is set to initiate legislative review in the Senate in January 2026, aiming to clarify regulatory responsibilities for encryption assets and establish a clear regulatory framework for the market.

Cynthia Lummis, the U.S. crypto-friendly PI senator, announced that she will not seek re-election. During her term, she actively promoted a regulatory framework for digital assets and a Bitcoin strategic reserve, and was regarded as an important ally in the industry.

The UBS report shows that the average and median wealth of adults in Taiwan rank among the top three in Asia, with an average of $312,000, surpassing Japan and South Korea and slightly ahead of France.