In response to the recent false information circulating on social media platforms, Techub News hereby clarifies: Techub News founder and CEO Alma has never participated in the establishment of Central Research, nor has she held the title of "co-founder" or any similar position; these statements are untrue. Big Demo Day is a public entrepreneurial roadshow brand event resulting from longer collaborations, which has received support from institutions such as Hong Kong Cyberport. Techub News has only participated in some sessions as a co-organizer and cooperative media, and is not involved in the internal governance, personnel appointments, or operational management of Central Research. Equating this event simply with its "internal activities" or interpreting Alma's public appearances as participation in its operations is a misunderstanding.
The platform has requested the relevant parties to correct the erroneous information and urged all parties to cite.

Goryeo Lead has decided to transfer more than 10% of its shares to a joint venture entity related to the new smelting plant being established in the United States. In this process, the power struggle among shareholders has reached a new turning point. In connection with this, MBK Partners and Yongfeng have requested to suspend the temporary injunction application made for paid capital increase, and the court's ruling may be issued as soon as December 22, which is expected to have a significant impact on the situation of the subsequent shareholders' meeting.
Korea Lead has decided to collaborate with U.S. government agencies to establish a joint venture named "Crucible JV" to promote the construction of a non-ferrous metal smelter in Tennessee, USA. In the share structure of this JV, the U.S. government holds 40% of the total shares, Korea Lead holds 10%, and the remaining 50% is borne by private U.S. investors. Korea Lead is in the process of transferring its 10% shares to the JV through a paid capital increase, although the actual ownership of these shares will belong to the U.S. side, some opinions suggest that it can.

With the relaxation of regulations on Real Estate Investment Trusts (REITs), enabling them to go beyond pure real estate investment to cover development and operation sectors, the first application of this institutional reform has already emerged. The government plans to introduce a new type called "Project REITs" to transform the nature of real estate development.
The Ministry of Land, Infrastructure, Transport and Tourism recently approved two cases as the first Project REITs: "Higashitan Healthcare REITs" and "Tian'an Station Circle Innovation Zone Regeneration Project REITs." Previously, real estate development was mainly carried out through special purpose entities, often with developers seeking only sales profits before exiting the project. Therefore, the operational responsibilities after project completion were transferred to homebuyers, and a sales-centric profit structure sometimes led to market oversupply or investment risks.
Project REITs refer to private investors, such as asset management companies, developing various types of properties including accommodation facilities, hospitals, and knowledge industry centers.

As the end of the year approaches, attention is being drawn to whether the New York stock market can achieve the so-called "Santa Claus Rally." The Santa Claus Rally typically refers to the tendency of the stock market to perform strongly during the last five trading days of December and the first two trading days of the new year. This year's period is from December 24 to January 5.
According to data from market research firm Stock Trader's Almanac, the S&P 500 has averaged a 1.3% increase during this period since 1950, with approximately a 79% probability of gains. However, last year, with the Federal Reserve's tightening stance intensifying, the Santa Claus Rally did not occur. Whether the current upward momentum led by technology stocks can continue remains a key uncertainty.
Recently, the stock market has seen mixed emotions of market anticipation and concern surrounding artificial intelligence. The earnings reports from Oracle and Broadcom have fueled debates over AI overheating, while Micron Technology's "surprise earnings" have somewhat restored investor confidence. Experts point out that the current

Savings banks have experienced a decrease in earnings due to loan restrictions and are turning to securities such as stocks and bonds to seek higher returns. This year, the balance of securities has increased by over 40%. However, increased investment in risk assets also comes with greater market volatility risks, and risk management should be a focus moving forward.

North Korea has stolen approximately 3 trillion won in virtual assets this year, with more sophisticated hacking techniques leading to significant losses. North Korean hackers are targeting high-value targets and using artificial intelligence to track their fund flows. The international community's concern over the link between their cybercrimes and nuclear weapons development funding has intensified, highlighting the growing importance of artificial intelligence in monitoring.

The increased demand for the US dollar has led to a sharp rise in the exchange rate, with foreign direct investment (FDI) significantly shrinking. This year's FDI inflow has declined more each quarter, indicating weakened investor confidence and reduced domestic attractiveness. The government is focusing policy efforts on expanding dollar inflows by reforming to improve the ease of foreign investment and relaxing foreign exchange liquidity stress tests. Future measures may continue to be implemented, and the exchange rate structure and financial policies are expected to change.

With the implementation of loan regulation policies, the growth of household loans in major banks has significantly slowed down, falling short of the expected target by 7.4%. By the end of the year, household loans almost stagnated, increasing by only 142.3 billion KRW. The government plans to set the growth target at around 2% next year. This trend is expected to continue, with more financial resources being directed toward small and medium-sized enterprises.

The current Bitcoin price is approximately 130 million KRW, with increased participation from institutional investors and a optimistic long-term outlook. Ethereum and XRP prices have also risen but face regulatory uncertainties. Solana may be affected by stablecoin policy impacts.

A few days ago, my YouTube algorithm started behaving strangely. It was as if some kind of reminder of the past kept pushing NewJeans' music videos to the top of the screen. The members in the videos still looked fresh and smiled, but as I stared at the videos, I couldn't help but revisit the so-called "NewJeans Legend" that swept through Korea over the past year. From struggles with the major企划 company HYBE, tears at press conferences, to the sudden notice of the termination of their exclusive contracts.
That series of controversies was far from mere entertainment gossip. It was a symbolic event representing the direct clash between the "giant capital system" and the "essence of creation." At the end of 2025, the reason I felt a chilling déjà vu in those scenes was very clear — because the heavy fatigue and sense of nihilism currently shrouding the entire blockchain industry are being reflected there.
This situation is a counterexample of how hollow social media and platform-driven industries can become when they reach their peak. Technology

Author: @BlazingKevin\_ , Researcher at Movemaker
SEC Chairman Paul Atkins pointed out that the entire US financial market, including stocks, fixed income, government bonds, and real estate, may migrate entirely onto blockchain technology infrastructure supporting cryptocurrencies within the next two years. This can be considered the most significant structural change in the US financial system since electronic trading emerged in the 1970s.
1. Comprehensive On-Chain Cross-Departmental Collaboration Framework and Actual Contributions
The "Project Crypto" initiative promoted by Atkins is not a unilateral action by the SEC; it is built on systematic cooperation across legislation, regulation, and the private sector. Achieving full on-chain integration of the US financial market, valued at over $50 trillion (including stocks, bonds, government bonds, private credit, real estate, etc.), requires multiple institutions to clearly define roles.

The cryptocurrency market is showing a rebound trend before the end of the year. Altcoins such as Dogecoin and Cardano have surged by double digits, Bitcoin has risen back to the $87,000 mark, and optimistic sentiment is spreading.
However, whether this rebound is merely a temporary seasonal increase or a sign of structural recovery remains uncertain. From an on-chain data perspective, this cycle's rebound is likely a cyclical noise resulting from the interplay of large investors withdrawing and liquidity restructuring.
This article will explore the nature of this rebound and whether it can sustain until 2026.
Price and Asset Structure Analysis: Altcoin Boom and the Underlying Divergence
This week, Bitcoin increased by 3.9%, Ethereum by 7.2%, entering a technical rebound zone. Altcoins such as Dogecoin (+10.5%), Cardano (+8.7%), and Solana (+7.1%) led the market sentiment recovery, but the total market capitalization of cryptocurrencies has not yet regained the 3

The Bank of Japan raised the benchmark interest rate by 0.25 percentage points, with expected varying impacts across different generations. Elderly people benefit from increased deposit income, while young people face heavier loan repayment burdens. Overall, households are expected to generate a positive effect of 800 billion yen annually, but there are significant age-related differences. Market reactions are evident, with government bond yields breaking above 2%. High interest rates may change consumption patterns, increasing the importance of policy coordination.

Epstein's emails reveal multiple connections to the Bitcoin ecosystem, including donations to MIT supporting digital currency projects, meetings with Tether's founder and former Treasury Secretary to discuss Bitcoin, and consultations on cryptocurrency tax issues.

MSCI considers removing cryptocurrency companies, potentially leading to $15 billion in capital outflows. The Federal Reserve relaxes restrictions on cryptocurrency businesses, boosting market activity. Bitcoin ETF net inflows recover, and digital asset investment sentiment improves. North Korean hackers steal over $2 billion in cryptocurrencies. Sema Capital enters liquidation due to SEC litigation. Multiple policy developments indicate ongoing changes in the crypto market.

The three leading food companies with the highest competition rates in the initial public offering subscription market this year will officially list on the KOSDAQ market on December 22. This traditional food company, which has led the domestic fish cake industry for over 70 years, has officially begun trading on the stock market and has attracted significant attention in the public offering market.
Sanjin Food is a representative Korean seafood processing company that started as a small fish cake shop in Pungnyeo Market, Yeongdo, Busan, in 1953. Over the past more than 70 years, it has accumulated technology in the domestic fish cake manufacturing field and has expanded its business scope from simple ingredients to high-end product lines and convenient home meal solutions. Recently, the company has strengthened consumer touchpoints by opening "fish cake baking shops" and experiential stores to enhance brand awareness.
The company currently exports products to 13 countries, especially in Singapore, Indonesia, Vietnam, and other regions, advancing localization strategies through directly operated fish cake baking shops. Its performance has also shown steady growth.

The bankruptcy administrator of Terraform Labs, which went bankrupt due to the crash of cryptocurrency Terra·Luna, has filed a damages lawsuit worth trillions of Korean won against a US trading company. The legal battle over the scope of responsibility for the incident has officially begun.
According to the Northern District Federal Court of Illinois in the United States on December 19, 2025, Todd Snyder, the bankruptcy administrator representing Terraform Labs in the liquidation process, has filed a lawsuit against Jump, a high-frequency trading firm based in Chicago.

Amid debates over high exchange rates and overheating of artificial intelligence technology stocks, South Korean investors' U.S. stock investments, which had stalled, are showing signs of recovery. Recently, the strengthening of the US dollar combined with a correction in the US stock market has led some investors to start buying on dips.
According to data from the Korea Securities Depository's Securities Information Portal, domestic investors net purchased approximately $468.9 million worth of US stocks over four days from December 15 to 18. This is about double the net purchase amount of $228.28 million during the same period the previous week (December 8 to 12). This indicates that the net inflow of US stocks, which had been decreasing over the past few weeks, has reversed this week.
The recovery in investor sentiment is attributed to the US Consumer Price Index (CPI) being lower than expected and the positive earnings report from semiconductor company Micron Technology. The market interprets such indicators of slowdown as a signal that the Federal Reserve may be more likely to cut interest rates. Additionally, analysts believe that Micron's earnings report has somewhat alleviated concerns about AI-centered investments.

Oracle and ByteDance jointly established a joint venture to operate TikTok's US business, causing the stock price to rebound due to market expectations. Although recent stock prices have fallen due to earnings falling short of expectations, analysts believe investors can take this opportunity to focus on the long-term potential. Future trends will be influenced by the management structure of the joint venture and the regulatory environment.