Coinbase plans to suspend order book trading for multiple trading pairs on December 15, 2025, to improve market health and liquidity. Eligible users can still trade in USD order books and have switched to limit order mode.

In the past 24 hours, the total liquidations across the entire network reached $310 million, including $262 million from long positions and $48.1 million from short positions. Bitcoin long positions were liquidated for $65.53 million, and shorts for $6.23 million. Ethereum long positions totaled $106 million, and shorts $13.4956 million. A total of 104,923 people were liquidated.

The cryptocurrency industry is facing fatigue, and many people are questioning whether their efforts are truly meaningful. Despite doubts and confusion, blockchain technology is driving financial system transformation, offering new currency options, and improving global financial access. No matter how the industry evolves in the future, our efforts will serve as the foundation for future development and cannot be considered a waste.

Mars Finance reports that according to Cointelegraph, in a letter to the SEC earlier this month, Citadel urged the SEC not to grant broad exemptions to DeFi platforms to trade tokenized U.S. stocks, citing that these platforms could very likely be classified as "exchanges" or "broker-dealers" regulated under securities laws. In response, cryptocurrency advocacy groups such as Andreessen Horowitz, the Uniswap Foundation, the DeFi Education Fund, and the Digital Chamber of Commerce have sent a letter back to the SEC, opposing Citadel Securities' request for the SEC to tighten regulations on tokenized stocks in the DeFi space. "Citadel's letter is based on a misinterpretation of securities law, attempting to extend the SEC's registration requirements to DeFi trading."

Mars Finance reports that on December 13, the Florida prosecutor's office seized approximately $1.5 million in cryptocurrency related to overseas suspect (Chinese citizen Tu Weizhi). The wallet contains AVAX, DOGE, PEPE, and SOL. The state's cyber fraud enforcement department has obtained a court order to seize assets under Tu Weizhi's name. Tu Weizhi is currently charged with money laundering, major theft, and organized fraud. Florida authorities stated that if Tu Weizhi attempts to enter the United States, he will be arrested. Investigators pointed out that the seizure was the result of an investigation that began in July 2024, when a resident of Orange County reported losing $47,421. This resident transferred the money into a seemingly online investment project. The investigation is ongoing.

火星财经消息，12 月 13 日，据链上分析师 Ai 姨（@ai\_9684xtpa）监测，地址 0x074…9B748 在 11 小时前的阶段性底部恐慌性抛售了 3296 枚 ETH（约 1030 万美元），清仓并最终收益 29.2 万美元，而在此之前 2 天他还浮盈达到 126.6 万美元（12 月 2 日以 3029 美元建仓）。

The Hong Kong Monetary Authority issues a risk warning,警告"Hong Kong Yunbo Holdings/Yunbo Holdings 2.0" false advertising and cooperation, and states that it has not issued licenses to any stablecoin issuer, urging the public to stay vigilant and report to the police.

As AI drives a surge in electricity demand, Daylight has launched the DayFi protocol, aiming to reconstruct the power grid through DeFi and convert electricity revenue into tradable crypto assets. However, DayFi faces regulatory challenges from the SEC and FERC, and its future asset valuation and compliance are uncertain.