Morning News | The Flow protocol has been attacked, with gold and silver prices reaching new highs.

Spot gold prices opened higher on Monday, currently at $4548 per ounce, nearing historical highs.

Market trends

Market developments yesterday

● Google has acquired shares in publicly traded Bitcoin mining companies. With a market value of approximately $2 trillion, Google is acquiring shares in these companies. This is the latest move by a tech giant into the Bitcoin industry.

● Trust Wallet: Over 2630 claims have been received, with amounts ranging from $1.05 million to $3.5 million.

Trust Wallet’s CEO Eowync.eth released a security update. Trust Wallet has received more than 2630 claims, with amounts ranging from $1.05 million to $3.5 million. The customer support team is doing its best to process these claims as quickly as possible.

● Flow: This hacking attack did not result in any access to users’ existing balances. All users’ funds are safe.

Flow officials announced on the X platform that on December 27, 2025, attackers exploited vulnerabilities in Flow’s execution layer to transfer approximately $3.9 million in assets before the network went down. This attack did not affect users’ existing balances, and all users’ funds remain safe.

Currently, approximately $3.9 million has been transferred through various bridges such as Celer, Debridge, Relay, and Stargate. The attacker’s wallet has been identified, and their money laundering activities using Thorchain and Chainflip are being tracked in real time.

The Flow Foundation has submitted requests for freezing funds to Circle, Tether, and major exchanges. Currently, the network is offline to cut off all exit paths, and the repair solution is undergoing final verification. It has been confirmed that the amount of funds flowing out is manageable, and it will not pose a threat to the network’s solvency or user funds’ security.

The target time for resuming operations is within 4 to 6 hours, depending on the results of testing in the test network. FindLabs is releasing evidence containing transaction hashes and the attacker’s Ethereum wallet address.

● Flow: The protocol repair solution has been successfully deployed. Final confirmation information regarding the network’s readiness will be released soon

. Flow has published an update about the attack incident on social media platforms. The protocol repair solution has been approved by network validators and successfully deployed. The network is now online and is generating blocks, but it remains in “idle/readonly” mode, and normal transaction submissions are still suspended.

Before fully resuming operations, Flow must perform forced synchronization with key ecosystem partners (cross-chain bridges, centralized trading platforms, and decentralized trading platforms) to ensure that their systems are fully synchronized with Flow’s ledger. The Foundation will release the final confirmation information regarding the network’s readiness immediately after the partners complete the synchronization process.

● Uniswap’s treasury has destroyed 100 million UNIs, worth $596 million

According to ChainAnalyst Yuji’s monitoring, after Uniswap’s fee destruction proposal was approved the day before yesterday, 100 million $UNIs ($596 million) were destroyed from Uniswap’s treasury at 4:30 a.m. today.

According to this proposal, the fees collected by Uniswap in the future will also be used for destroying UNIs.

● Uniswap announces that all fees for applications and APIs have been set to zero

. On December 28th, Uniswap announced that all fees associated with its applications and APIs have been reduced to zero. Previously, Uniswap’s “fee reduction proposal” was approved in the governance vote. The proposal includes the destruction of 100 million UNI tokens in the Uniswap Foundation’s treasury, as well as the implementation of a protocol fee discount auction system to increase profits for liquidity providers.

● Russian bank Sberbank provides the first cryptocurrency mortgage loan

. Sberbank, Russia’s largest bank, provided the first mortgage loan using cryptocurrencies as collateral. The loan is secured by digital currencies generated by Intelion Data’s mining operations. The amount of the loan, the number of collateral assets, and the duration of the loan have not been disclosed. This initiative is described as a “pilot project”. Sberbank uses its own cryptocurrency custody solution, Rutoken, to ensure the security of the collateral assets. Deputy Chairman Anatoly Popov expressed his willingness to collaborate with central banks to improve regulations regarding digital assets. Intelion Data’s CEO Timofey Semenov stated that this transaction represents an important milestone in the development of the industry.

● Huma responds to users whose Vanguard badges were revoked: The company plans to extend the grace period for pledge requirements until January 5th

The PayFi protocol announced on the X platform that some users have reported that Vanguard badges were revoked after the second phase of the airdrop campaign. In reality, holders must continue to meet certain requirements in order to retain their badges. This includes holding 10,000 HUMA tokens or pledging 100% of the airdrop tokens received. However, some users do not fully understand this ongoing requirement. Currently, Huma Finance has temporarily restored the Vanguard badges and established a grace period until January 5, 2026, at 00:00 UTC.

● Bit.com has announced that it will gradually reduce its operations and launch a “user asset migration plan”.

According to the official announcement, due to business restructuring, cryptocurrency exchange Bit.com will gradually reduce its operations and simultaneously initiate a “user asset migration plan”.

Bit.com promises to complete all transparent and traceable user asset migrations within a specified time frame.

Starting today, Bit.com will suspend new user registration functions. Existing users can still log in, view their assets, and participate in the migration process.

All spot assets will remain accessible for inspection. The spot trading function will cease on January 31, 2026.

All users who hold contract account balances, positions, or unsettled profits/losses on Bit.com are prohibited from opening new contracts starting today. Only closing positions is allowed.

● Hyperliquid has clarified the token unlock schedule: 1.2 million HYPE tokens will be unlocked on January 6.

Hyperliquid has issued a announcement on Discord, clarifying the arrangements for unlocking team tokens. 1.2 million HYPE tokens will be unlocked on January 6th, and subsequent token unlockings will occur on the 6th of each month.

● WLFI: Governance voting has been initiated, and funds from the treasury are being used to accelerate the adoption of USD1 applications.

WLFI announced on its X platform that governance voting has officially begun.

This proposal allows for the use of some of the unlocked funds from the WLFI treasury to promote the adoption of USD1 through targeted incentives. Community members will vote to determine how development can continue, in order to shape the next phase of growth for both USD1 and WLFI.

● Caroline Ellison, former CEO of Alameda, will be released next month, about 10 months earlier than scheduled.

According to The Block, records from the Federal Prison Administration indicate that Caroline Ellison, former co-CEO of Alameda Research, will be released from federal custody on January 21, 2026.

Ellison, 31 years old, was transferred from a federal prison in Connecticut to community-based detention facilities since October 2025. She pleaded guilty in December 2022, admitting to fraud and conspiracy charges related to the collapse of the cryptocurrency exchange FTX, which resulted in billions of dollars in losses for customers.

In September 2024, Ellison was sentenced to two years in prison and had her assets confiscated by the court. However, due to her good behavior during the FTX investigation and her cooperation with authorities, she will be released about 10 months earlier than originally planned. Earlier this month, she also agreed to a ten-year ban from serving as a director or executive officer of public companies or cryptocurrency exchanges.

Meanwhile, FTX founder Sam Bankman-Fried is actively seeking a pardon from the U.S. President. It is expected that he will be released in September 2044.

● TRM Labs: The stolen assets from LastPass were traced to a Russian criminal group, which used mixing tools for money laundering.

According to Crowdfund Insider, TRM Labs stated that they have tracked the stolen encrypted assets from the LastPass vulnerability incident in 2022. Chain-level evidence suggests that a Russian cybercrime group was involved in the money laundering operation.

TRM said that although hackers used mixing tools like CoinJoin, analysis of the flow of funds and their continuity revealed that the funds originated from the same attackers. The related funds eventually flowed into high-risk Russian exchanges such as Cryptex and Audi6. The total value of the scandal is estimated to be over $28 million.

● An article published in a leading academic journal by the Supreme Court: Legal reforms for digital transactions, electronic currencies, and virtual assets

The Supreme People’s Court’s official account published an article in its flagship academic journal, “Digital Law,” titled “Legal Reforms for Digital Transactions, Electronic Currencies, and Virtual Assets.” The article states that the amendments to the Uniform Commercial Code, jointly revised by the United States Commission on Uniform Laws and the American Law Institute, were officially approved in 2022 and have since been widely adopted by state legislatures across the United States. These amendments include provisions for various forms of transactions, including electronic ones. They also clarify the relationship between physical currency, central bank digital currencies, and other virtual currencies. Additionally, the article introduces the concept of “controllable electronic records” as a new type of asset, along with rules governing its control and transfer.

The legal regulations in our country should also be adapted to the development of digital transactions, electronic currencies, and virtual assets. This will help to improve laws in a practical manner, thereby stimulating economic and technological growth and enabling us to gain an advantage in international institutional competition.

● Michael Saylor once again released information regarding his holdings in Bitcoin. It is possible that he may increase his Bitcoin holdings next week.

Michael Saylor posted additional information about his Bitcoin holdings on the X platform, stating “Back to Orange”.

According to previous patterns, Strategy usually announces increases in Bitcoin holdings the day after such news breaks.

● The US spot BTC ETF has experienced a net outflow of $782 million over four consecutive days.

According to AiCoin’s monitoring, the funds in the US spot BTC ETF have been continuously flowing out over the past four trading days, totaling $782 million. Among these outflows, IBIT accounted for the largest amount, at $435 million; FBTC followed with an inflow of $111 million. According to AiCoin’s “Spot BTC ETF Tracking” strategy, there is a significant positive correlation between ETF fund inflows and Bitcoin prices. This strategy can be accessed via a subscription service, allowing programs to automatically place orders based on fund flows. The data is for reference only.

● The founder of Lighter confirmed that the large-scale transfer of LIT tokens was unrelated to any airdrops. It is likely that the app will be launched within the next few weeks.

去中心化订单簿交易所Lighter预计会在12小时后进行另一次升级，代币TGE等公告可能很快就会发布，针对社区发现此前Lighter团队进行多笔LIT代币大额转账，创始人兼首席执行官Vladimir Novakovski在Twitter Space专访时已确认和空投无关，而是为了保管投资者和团队的分配资金。

此外，他还透露通用保证金制度将允许L1资产作为Lighter上的抵押品，移动APP应用也将在未来几周内上线。

● Lighter AMA：代币总量的50%将分配给社区，将有代币回购机制

Lighter团队市场负责人 Pilla_eth今日在以「Lighter TGE」为主题的一场AMA活动分享了TGE的部分细节，主要包括：

1、TGE和空投将于2025年进行，空投数量为总量的25%，无锁定限制。空投无需申领，将直接存入积分持有者的Lightner钱包。

2、50%的代币供应将提供给社区，更多代币经济学细节将逐步公布，将会有代币回购，但具体数量未定。「因此，价值将流向代币。」

3、LIT代币最初只能在Lighter平台上交易。Coinbase和Bybit已将LIT添加到他们的路线图中。他们不会付费上所。

4、不会有官方的Lighter NFT，但承认一些社区NFT，比如Fuego。模因币空投只是谣言。

In addition, Pilla_eth revealed that Lighter is working on developing a mobile application that can compete with CEX applications.

● Mirae Asset Group plans to acquire the Korean crypto exchange Korbit for approximately $100 million

According to Cointelegraph, Mirae Asset Group is negotiating the acquisition of Korbit, Korea’s fourth-largest crypto exchange. The transaction is valued at around 100 to 140 billion Korean won, equivalent to $70 million to $100 million.

This potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group. The company has already signed a memorandum of understanding with Korbit’s major shareholders. Public information indicates that Korbit is currently owned by NXC and its subsidiary Simple Capital Futures, who hold approximately 60.5% of the shares, while SK Square holds about 31.5%.

It is reported that Korbit has all the necessary operating licenses and compliance systems, making it attractive to large financial groups that want to enter the digital asset sector in a compliant manner. However, in terms of market share, Korbit has limited presence in Korea’s crypto trading market.

According to CoinGecko data, out of the total 24-hour trading volume of approximately $1.21 billion across six major exchanges in Korea, Korbit accounts for only about $5.75 million, accounting for less than 1%. In contrast, Upbit, Bithumb, and Coinone dominate the market significantly. Previous reports indicate that Naver Financial also plans to acquire Upbit’s operator, Dunamu, through equity transfer. This shows that traditional Korean financial and tech giants are continuing to expand their presence in the crypto asset sector.

● This week, tokens such as HYPE, SUI, and EIGEN will see significant unlocking amounts.

According to Token Unlocks' data, this week tokens such as HYPE, SUI, and EIGEN will experience significant unlocking periods.

HYPE will unlock 9.92 million tokens at 3:30 PM on December 29th, valued at approximately $251 million, accounting for 2.87% of the total supply.

SUI will unlock 43.69 million tokens at 8:00 AM on January 1st, worth about $63.36 million, representing 1.17% of the total supply.

EIGEN will unlock 36.82 million tokens at 12:00 PM on January 1st, worth around $14.44 million, accounting for 9.74% of the total supply.

KMNO will unlock 229 million tokens at 8:00 PM on December 30th, worth approximately $11.71 million, accounting for 5.35% of the total supply.

OP will unlock 31.34 million tokens at 8:00 AM on December 31st, worth about $8.6 million, accounting for 1.65% of the total supply.

ENA will unlock 40.63 million tokens at 3:00 PM on January 2nd, worth approximately $8.6 million, accounting for 0.56% of the total supply.

SVL will unlock 234 million tokens at 8:00 AM on December 30th, worth about $6.8 million, accounting for 2.96% of the total supply.

ZORA will unlock 166 million tokens at 8:00 AM on December 30th, worth about $6.7 million, accounting for 4.17% of the total supply.