1. **U.S. Blockchain Association Sues IRS**: The U.S. Blockchain Association and the Texas Blockchain Commission have filed a lawsuit against the IRS over new digital asset reporting rules, claiming they are unconstitutional and could impact the U.S. digital asset sector.

2. **South Korean Court Issues Arrest Warrant**: An arrest warrant has been issued for Yoon Seok-yeol on suspicion of civil unrest.

3. **CFTC vs. Gemini Trial Postponed**: The trial has been postponed to January 21.

4. **Biden Orders Government Shutdown**: President Biden has ordered the executive branch to shut down on January 9, 2025.

5. **Blockchain Bandit Attacker Active Again**: The attacker has collected 51,000 ETH, worth approximately $172.2 million, into a multi-signature address.

6. **BlackRock's Bitcoin ETF Breaks Records**: BlackRock's iShares Bitcoin Trust has become the fastest-growing ETF, reaching over $50 billion in assets in 11 months.

7. **Polkadot 2025 Roadmap Released**: The roadmap includes shortening DOT unlock waiting time and promoting DOT as a universal fee token.

8. **Binance Alpha Adds New Tokens**: COCO, vvaifu, MIRA, SKI, and ALCH have been added.

9. **Wormhole Foundation Clarifies FEG Token Issues**: The foundation states that FEG token issues are unrelated to Wormhole, with all contracts unaffected.

10. **Unichain to Launch New Network**: A new validation network is set to launch in 2025.

11. **Eliza Framework Tops GitHub Trends**: The ai16z team's Eliza framework ranks first in GitHub's December trend list.

12. **AlloyX Completes $10M Financing**: The platform plans to expand stablecoin infrastructure globally.

13. **Tether Increases Bitcoin Holdings**: Tether's holdings have increased to 83,759 BTC, valued at $7.7 billion.

14. **MicroStrategy Increases Bitcoin Holdings**: The company purchased 2,138 bitcoins for $209 million, increasing its total to 446,400 BTC.

15. **Swing Trader Repurchases ETH**: A trader repurchased 25,204.6 ETH with 82.34 million USDT, using leverage for the first time.

MAG7.SSI

USDT

 U.S. Blockchain Association sues IRS over new digital asset reporting rules
 According to Cointelegraph, the U.S. Internal Revenue Service (IRS) has issued new regulations requiring digital asset platforms, including decentralized exchanges (DEX), to disclose user transaction information and crypto asset sales revenue starting in 2027. The Blockchain Association and the Texas Blockchain Commission filed a lawsuit, claiming that the rule is unconstitutional and violates the Administrative Procedure Act, which may have a serious impact on the U.S. digital asset sector.
 South Korean court issues arrest warrant for Yoon Seok-yeol on suspicion of civil unrest
 Judge postpones CFTC vs. Gemini trial to January 21
 Biden orders executive branch of government to shut down on January 9, 2025
 ZachXBT: Blockchain Bandit attacker collects 51,000 ETH to multi-signature address, about $172.2 million
 According to on-chain data monitored by ZachXBT, the Blockchain Bandit attacker became active again after years of dormancy, and collected a total of 51,000 ETH (approximately US$172.2 million) into a multi-signature address (0xC45C…D542).
 Bloomberg: BlackRock's Bitcoin Fund Becomes "The Greatest Launch in ETF History"
 According to Bloomberg, BlackRock's iShares division offers more than 1,400 ETFs worldwide, but none of them can match the performance of its Bitcoin ETF. iShares Bitcoin Trust (IBIT) broke industry records when it was launched in 2024. In just 11 months, its assets swelled to more than $50 billion. IBIT has swelled to the size of more than 50 European-focused ETFs, many of which have been around for more than 20 years. Nate Geraci, president of consulting firm The ETF Store, called it "the greatest launch in ETF history." As Bloomberg Intelligence analyst James Seyffart said: "IBIT's growth has been unprecedented. It is the fastest ETF to reach most milestones, faster than any other ETF in any asset class." He added that with its current asset size and 0.25% expense ratio, IBIT is expected to earn about $112 million per year.
 Polkadot 2025 Roadmap Released: Shorten DOT Unlock Waiting Time and Promote DOT to Become a Universal Fee Token
 Binance Alpha adds COCO, vvaifu, MIRA, SKI, ALCH
 FTX creditor Sunil accused aixbt of spreading false information about FTX
 Wormhole Foundation: FEG token issues have nothing to do with Wormhole, all contracts are completely unaffected
 The Wormhole Foundation tweeted this morning that today's FEG token issue has nothing to do with Wormhole, and all Wormhole contracts are completely unaffected. Analysis by blockchain security agency CertiK shows that the FEG bridge was attacked on December 29, 2024, and the problem stemmed from a logical error in the cross-chain message processing of the relay contract. The contract was deployed by an address funded by the FEG team and has no connection with the Wormhole team.
 Unichain to launch a new validation network in 2025
 Eliza, the autonomous agent framework developed by the ai16z team, ranked first in the GitHub December trend list
 GitHub Trending data shows that Eliza, an autonomous agent framework developed by the ai16z team, ranked first in the December trend list, with 4,531 new stars this month and a total of 7,028 stars.
 AlloyX, a stablecoin aggregation sales infrastructure platform, completes $10 million in Pre-A round of financing
 According to official news, AlloyX, an Asia-based aggregation sales infrastructure platform, announced the completion of a $10 million Pre-A round of financing to expand global stablecoin infrastructure construction and plans to expand its business in the UAE, ASEAN and Africa. It is reported that investors in this round of financing include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital and Kiln SAS. This financing follows major developments in the stablecoin payment field, including Stripe's acquisition of Bridge for $1.1 billion and BVNK's $50 million Series B financing at a valuation of $750 million.
 An entity is suspected of sending nearly 540,000 LINK worth $11.4 million to Binance through three wallets
 Genius Group purchased an additional $10 million worth of Bitcoin, increasing its holdings to 319.4 BTC
 DefiLlama: DEX trading volume hit a record high of $462 billion in December
 Tether's Bitcoin holdings increased to approximately 83,759 BTC, with a market value of approximately US$7.7 billion
 On December 30, 2024, wallets associated with Tether added 8,404.48 BTC, worth approximately $772 million. As of now, Tether's total holdings have reached 83,758.57 BTC, with a market value of approximately $7.7 billion. The transaction included 7,628.92 BTC received from the Bitfinex tag wallet and 775.568 BTC subsequently transferred in.
 It is worth noting that Tether has used the auspicious number "8" many times in previous acquisitions, such as purchasing 8,888.88 BTC in March 2024 and December 2023. This digital pattern has sparked speculation about its strategy or symbolic meaning. In addition, Tether also manages a diversified portfolio of assets, including 4.8 million CRO, 2.293 million TRX, 148.46 ETH, 753,036 USDC and 176 BNB.
 USDC Treasury minted 400 million USDC this morning
 MicroStrategy: There are still approximately $6.88 billion of shares available for issuance and sale
 MicroStrategy announced that between December 23, 2024 and December 29, 2024, the Company has sold a total of 592,987 shares pursuant to the Underwriting Agreement, with total net proceeds to MicroStrategy (after deducting underwriting commissions) of approximately $209 million. As of December 29, 2024, approximately $6.88 billion of shares remain available for issuance and sale pursuant to the Underwriting Agreement.
 MicroStrategy spent about $209 million to increase its holdings by another 2,138 bitcoins
 According to MicroStrategy's latest 8-K filing, MicroStrategy announced that it purchased approximately 2,138 bitcoins for approximately $209 million in cash between December 23, 2024 and December 29, 2024, using proceeds from the issuance and sale of shares under the underwriting agreement, at an average price of approximately $97,837 per bitcoin (including fees and expenses). As of December 29, 2024, MicroStrategy and its subsidiaries held approximately 446,400 bitcoins, with a total purchase price of approximately $27.9 billion and an average purchase price of approximately $62,428 per bitcoin (including fees and expenses).
 A swing trader repurchased 25204.6 ETH with 82.34 million USDT
 According to on-chain analyst Yu Jin’s monitoring, after the swing trader sold his shares yesterday afternoon, he repurchased 25,204.6 ETH with 82.34 million USDT in the past 7 hours, with an average price of $3,322. Of this, about 34.5 million USDT came from the funds he borrowed by mortgaging ETH on Aave. This means that he not only invested all his positions this time, but also used leverage for the first time, showing his strong optimism about ETH’s subsequent performance.

Key Developments in Blockchain and Cryptocurrency: IRS Lawsuit, BlackRock ETF, and More