Written by: Bootly

As we enter Christmas week, the global market's initial response does not belong to the cryptocurrency market. Against the backdrop of a weakening dollar and a decline in U.S. Treasury yields, risk aversion sentiment has rapidly intensified, with gold and silver taking the lead in the market, their prices continuously reaching new historical highs, becoming the hottest destinations for capital.


In contrast, the cryptocurrency market appears unusually quiet; Bitcoin has not soared along with the macro trends, but continues to hover in the 88,000 to 89,000 fluctuation range, lacking the aggressive posture typically seen before a holiday.

It is under such contrast that the question of whether Bitcoin will experience a "Santa Rally" has once again become a topic of repeated discussion in the market. The so-called Santa Rally is originally a seasonal phenomenon in traditional financial markets, referring to the temporary rise of risk assets driven by improved sentiment and changes in liquidity around the Christmas period. However, in the context of the crypto market,

According to Onchain Lens monitoring, multiple addresses have collectively purchased over 1 million HYPE, with a total value of approximately 27.03 million USD. Specifically, 0xDAe purchased 427,441 pieces within 2 months, 0x23A purchased 398,830 pieces within 5 days, and 0x330 purchased 200,662 pieces.

The KOL Index is a series of reports based on the community analysis technology of TokenPost and DataMaxiPlus, analyzing the content that has high investor response and attention within Telegram. It diagnoses the investment psychology and trends of the market through topics that were关注 in the KOL community the previous day. [Editor’s Note]
The most discussed topic in the community the previous day was the significant change in stablecoin supply growth data for TON in the last 24 hours. Posts citing data from the on-chain data platform Artemis went viral, drawing attention to a net inflow of approximately $500 million. This topic is seen as an opportunity to examine the possibility of liquidity shifting to a specific chain.
TON stablecoin inflow, observing liquidity transfer across chains
The news of TON stablecoin inflow quickly spread within the community and received a high response. Some posts interpret that this is not just a short-term capital flow but may also indicate the utilization rate of the ecosystem.

The government has launched the "Equity Confirmation Date Information Linkage Service," expanding the system to internet specialized banks to enhance tenant protection and prevent rental fraud. Collaboration with five new institutions has increased the number of participating banks to 16, ensuring that tenant rights are not compromised. Additionally, there are plans to extend the system to more Financial Institutions in the future, which is expected to improve the stability of the leasing market.

The Korea Economic Man Association proposed to introduce a "stock gift voucher" service, allowing stocks to be gifted via mobile gift vouchers, aiming to enhance accessibility for individual investors and promote activity in the domestic stock market. Surveys show that 44.8% of respondents have the intention to use it, suggesting the establishment of tax exemption standards and a drop in handling fees to facilitate the implementation of this innovative financial model.

It is reported that Resolve AI, a company providing an automated diagnostic and solution platform for enterprise technology infrastructure issues, recently achieved a corporate valuation of $10 billion (approximately 14.4 trillion Korean won) through a round of financing. According to sources, this Series A financing adopted a multi-batch structure, and some shares appear to be trading at prices below this valuation.
According to reports, this round of investment is led by global venture capital firm Lightspeed Venture Partners, with participation from several anonymous investors. Resolve AI also received $35 million (approximately 50.4 billion South Korean won) in seed funding last year from existing investors such as Graylock, global AI expert Fei-Fei Li, and Google DeepMind chief scientist Jeff Dean. Its two co-founders, Spyros Kotsantonis and Mayank Agarwal, sold their startup in 2019 to

The USD-KRW exchange rate continues to rise in a light trading atmosphere on the eve of the year-end, closing above the 1480 KRW mark in the New York forex market for the first time since July of last year.
As of 2:00 AM KST on December 23, the New York market's USD-KRW Exchange Rate rose by 4.70 KRW compared to the previous day's closing price in the Seoul forex market, closing at 1481.00 KRW. This is 0.90 KRW higher than the same day's closing price of 1480.10 KRW in the Seoul regular market, marking the highest closing price since April 9 of this year. Analysts believe that as trading volume tends to thin out entering the year-end holiday, buying pressure at the low point of the Exchange Rate has led to the upward momentum.
Almost simultaneously, Japan's forex authorities intervened in the market, and the USD-JPY exchange rate fell below the 157 yen line, but further declines were limited. Despite Japan's verbal intervention (i.e., statements made without actual financial investment), the USD-JPY exchange rate did not decline rapidly, reflecting investor sentiment.

As the formal procedure for selecting the head of the technology guarantee fund is initiated, the attention surrounding the appointment of the next chairman is continuing to rise. After a long latency in the selection of a successor, the public recruitment process is fully underway, and the changes in policy direction and organizational operations are highly anticipated.
The Executive Recommendation Committee of the Technology Guarantee Fund announced on the 22nd that it will publicly recruit the next chairman from December 23 to January 2, 2026. After the recruitment ends, several candidates will be selected through material review and interview stages, and the Minister of the Small and Medium Risk Enterprises Department will report to the President, who will make the final appointment. This is similar to the appointment procedures for the chairmen of most public institutions, following the procedural requirements to ensure transparency.
Currently, the technology guarantee fund is continuously served by Chairman Jin Zhonghao, who has extended his term. His term was originally set to end in early November 2022, but due to the political uncertainty over the past few years—especially the emergency martial law on December 3 and the presidential impeachment, among other unprecedented events.

Meiko Investment invested approximately 36.6 billion KRW to acquire a 99% stake in a new technology investment portfolio, aiming to expand its investment in high-growth technology companies. This move reflects its pursuit of diversification in medium to long-term returns, with a particular focus on technology sectors outside of semiconductors. This investment opportunity arises from the increasing market demand for non-public technology companies, which may promote strategic cooperation with startups in the future.

Anthropic has released the Open Source tool Bloom, designed for analyzing and evaluating the behavior of cutting-edge AI models, with a particular focus on AI alignment and ethical issues. Compared to traditional methods, Bloom saves time and resources by defining scenarios to assess the risk of AI behavior. Additionally, it complements another tool, Petri, working together to steer AI in a direction beneficial to humanity. The launch of this tool reflects the growing importance of AI ethics and policy.

The crypto assets market has shown a significant pump trend before the year-end Christmas. Bitcoin rose by 2.05% in 24 hours, trading at 1,329,400,000 Korean Won.
Market investors are increasingly looking forward to the so-called "Christmas rally." Analysis suggests that the well-known year-end stock price rise phenomenon in traditional financial markets—the Christmas rally—may also have a positive impact on the crypto assets market.
On the other hand, due to approximately $2.7 billion worth of Bitcoin and Ethereum options set to expire around December 26, the market mentions that short-term price fluctuations may intensify.
The current trading price of Ethereum is 4.51 million Korean Won, with a pump of 2.60%. The options market also shows a cautiously optimistic sentiment, continuing its strength amid fluctuating conditions.
Solana reached 189,000 won, recording an abnormal rise of over 4700%. Analysts believe this is due to the recent use of the Solana blockchain in the DeFi and NFT markets.

The KOSDAQ-listed company SensorView is advancing a paid capital increase through a third-party allocation method to raise 10 billion Korean Won. This move can be interpreted as a funding strategy aimed at achieving financial stability and operational goals.
SensorView announced on December 22, 2025, that it will issue 997,006 new ordinary shares to raise operating funds and allocate them to third parties. The issue price is 1,003 Korean Won per share, and the total funds raised are expected to be approximately 10 billion Korean Won.
The investors participating in this capital increase include individual investor Zhao Yuxi (398,803 shares) and Evergreen No. 1 Portfolio (299,102 shares), among others. The market believes these investors are investing as medium- to long-term partners, and the company has also indicated that this funding will not only be used to ensure liquidity but will also be used to advance core strategic operations.
Third-party paid capital increase

The KOSDAQ-listed company DHX has decided to proceed with a paid capital increase through a third-party allocation method to raise approximately 50 billion Korean Won. The funds raised from this capital increase are expected to be mainly used for working capital.
On December 22, DHX announced through a notice that it will issue 7,621,951 new common shares at a price of 656 KRW per share, to be allocated to PRIDICOM Co., Ltd. Based on the total issuance scale, it will raise approximately 50 billion KRW in funds.
Third-party paid capital increase refers to the method of issuing new shares to specific investors outside of existing shareholders, with the advantage of being able to raise funds quickly. However, since this method can lead to the dilution of existing shareholders' equity ratios, it typically requires approval from the board of directors and consent from major shareholders.
In light of DHX's previous efforts to promote investments in new growth ventures and improve its financial structure, the market is paying attention to whether the funds raised this time can contribute to future endeavors.

The KOSDAQ-listed company DY has decided to implement a paid capital increase through a third-party placement to raise approximately 60 billion Korean Won. The company plans to use the raised funds to supplement its operating capital and improve its financial structure.
According to the electronic announcement from the Financial Supervisory Service on the 22nd, DY will issue 6,437,769 shares (common stock) at a price of 932 KRW per share. The subscribers are the company's largest shareholder, Leg Tech Co., Ltd. (2,145,923 shares), and Mr. Kim Young-bae (4,291,846 shares). The two subscribers will jointly hold all the newly issued shares.
Third-party placement for paid capital increase refers to the method of issuing new shares to specific investors to directly obtain capital investment, which has the advantage of raising funds more quickly compared to public offerings. Analysis suggests that DY adopts this method to achieve the dual strategic goals of raising operational funds and reducing financial burdens.
Through this capital increase, the largest shareholder's equity ratio will be increased.