occ

According to CoinDesk, Bridge, a stablecoin infrastructure company under Stripe, announced on Tuesday that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank.This means that Bridge's national trust bank will be able to issue stablecoins, custody digital assets, and manage reserve assets under federal direct supervision. This marks a key step in Stripe's blockchain payment strategy since its acquisition of Bridge for $1.1 billion in 2024.Bridge stated that this approval establishes its capability to build digital dollar products for businesses, fintech companies, crypto institutions, and traditional financial institutions within the federal framework. Bridge claims that its system complies with the regulatory standards set by the GENIUS Act passed last year. Although the OCC, the Federal Reserve, and the FDIC have not yet finalized the specific implementation regulations for the act, the related processes are underway. Bridge is one of the growing number of companies seeking to build stablecoin products within the federal regulatory framework.In December last year, Circle, Ripple, Paxos, Fidelity Digital Assets, and BitGo all received similar conditional approvals from the OCC; Erebor Bank also received a conditional national bank charter in October last year. Bridge submitted its application in October last year, and OCC records show it was approved last week.Currently, Bridge provides stablecoin issuance technical support for products such as Phantom's CASH and MetaMask's mUSD through Stripe's Open Issuance platform. The OCC has not yet announced a timeline for final approval.

The American Bankers Association (ABA) is urging the Office of the Comptroller of the Currency (OCC) to slow down the approval of national bank charters for digital asset companies.The banking industry's lobbying group stated that the OCC needs to ensure that its regulatory and bankruptcy framework can address the risks posed by cryptocurrency and stablecoin companies, and is calling for all parties to exercise patience.

Cryptocurrency KOL and former FTX community partner Benson Sun posted that Bitcoin experienced an extreme drop this morning. Calculating with a 200-day lookback period, BTC's decline reached -5.65 standard deviations (σ). The Six Sigma standard in manufacturing allows for only 3.4 defects per million occurrences, which defines "almost impossible" in human industrial civilization. Yesterday's BTC volatility was just 0.35 standard deviations away from this "industrial-grade impossibility."A -5.65σ occurrence has a theoretical probability of about one in ten million under normal distribution. Despite the fat tail effect in financial markets, this level of volatility has only occurred 4 times since BTC began trading in July 2010, accounting for about 0.07% of all trading days. Even during the deep bear phases of 2018 and 2022, such a rapid decline had not occurred within a rolling 200-day period. This poses a severe challenge to quantitative strategies.Currently, most quantitative models are built on data after 2015, and historical samples exceeding 5.65σ, apart from the anomalous "312" flash crash in 2020, occurred before 2015, leaving almost no reference precedent.CoinKarma's quantitative strategy has shown a paper loss in this round of market conditions, but due to maintaining low leverage (about 1.4 times) over the long term, it remains manageable, with a maximum drawdown of about 30%. While extreme market conditions are an expensive "tuition," contracts and on-chain data will become important nutrients for future risk control models.

易理华 posted on platform X, stating that it must first be acknowledged: since the top was cleared, it was indeed a mistake to be bullish on ETH too early, as BTC was around $100,000 while ETH remained at $3,000, which we believe is undervalued. Currently, after the last round of profit-taking, position determines the mindset. While controlling risks, we continue to wait for the market to move upward. Thank you all for your concern; investing and trading are the most difficult. Being in the industry, one always can't help but be bullish.

Coinkarma founder Benson Sun stated that Binance is indeed responsible for the crash on 1011, but the core issue does not lie with USDe, as the timeline does not match. The lowest point of the market crash was at 5:20, while USDe reached its lowest point of $0.65 at 5:54. The extreme de-pegging occurred 30 minutes after the market began to rebound, indicating that the extreme de-pegging of USDe was a secondary disaster rather than the trigger for the crash.Benson indicated that based on an analysis of extreme market conditions over the past six years, the price difference between Binance and other trading platforms during each extreme event has typically been within 5%. However, on the day of 1011, more than half of the cryptocurrencies had the lowest prices on Binance, with many deviations exceeding 50% or even 100%. Such a scale of price misalignment has not been seen in any previous black swan events. Additionally, at that time, the price of the same cryptocurrency in the USDT trading pair was significantly lower than that in the USD trading pair. This suggests that there was likely a problem with Binance's system at that time.If the point of failure was elsewhere, the most liquid Binance should not have the lowest prices. Furthermore, the withdrawal of liquidity by market makers is not the main cause. The public opinion expressed by OKX Star has sparked discussion, which is a good thing, but the focus may have been misplaced.

According to Cointelegraph, Brazil's crypto-friendly digital bank Nubank has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national bank in the United States.

The Office of the Comptroller of the Currency (OCC) stated that the review process for the Trump family's cryptocurrency project WLFI's application for a banking license will not be affected by any political or personal financial relationships. Anti-cryptocurrency Senator Elizabeth Warren has called for a suspension of WLFI's national trust bank license application unless the Trump family sells its stake in WLFI, which the OCC has rejected.OCC's Auditor Jonathan Gould stated in a letter responding to Warren, "The OCC intends to fulfill this review responsibility rather than accommodate your request."For a long time, cryptocurrency companies have found it difficult to obtain a national trust bank license in the United States. However, a breakthrough was achieved last December when the OCC conditionally approved five digital asset firms—Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets—to transition to federally chartered national trust banks.

According to Decrypt, three masked men broke into a house in Manosque, France, tied up a woman at gunpoint, and stole a USB drive containing cryptocurrency. The victim was not injured; she managed to free herself and call the police within a few minutes. The case has been filed for investigation and is being handled by the local criminal investigation department and the regional branch of the national police.

On Monday night, three masked men broke into a residence in Manosque, France, threatening a woman with a gun and stealing a USB drive containing her partner's cryptocurrency data. According to the French newspaper Le Parisien, the incident occurred at a home on Cherry Path in the Alpes-de-Haute-Provence region.The attackers threatened the victim with a handgun and slapped her before fleeing the scene with the USB drive. It is reported that the victim was unharmed and managed to escape and call the police within minutes. Local police have opened an investigation, and the case has been handed over to the local criminal investigation department and the national police regional headquarters. Last year, security company Casa's Chief Technology Officer Jameson Lopp recorded over 70 violent attacks related to cryptocurrency in its public database, with France becoming a hotspot for such violent crimes in Europe, with more than 14 related cases.Cybercrime consultant David Sehyeon told Decrypt, "The baseline level of criminal activity in France is relatively high, and the cryptocurrency wealth held by entrepreneurs, traders, and public figures is quite visible. Coupled with the growth of local expertise in digital assets, these factors together create a breeding ground for more speculative and organized cryptocurrency-related crime."

According to The Wall Street Journal, World Liberty Financial stated that its entity World Liberty Trust has submitted a de novo application to the Office of the Comptroller of the Currency (OCC) seeking to obtain a national trust bank charter in the United States to enable the direct issuance and custody of its USD stablecoin, USD1.The company stated that if the application is approved, the trust bank will gradually begin offering cryptocurrency asset custody and stablecoin exchange services, primarily serving institutional clients.

Fundstrat's Head of Digital Asset Strategy, Sean Farrell, stated in an interview that Bitcoin is still on track to reach "$1 million" in the long term, with strong structural tailwinds for quality crypto assets. The year 2026 will be a "trader's market," and the first half may see a "risk clearing event," leading to increased volatility, which could see Bitcoin drop to $60,000 (a deep value zone, a "buy the dip" opportunity). In the second half, improved liquidity, policy stimulus, and AI-driven growth will present excellent opportunities.Regarding Ethereum, Sean Farrell believes that ETH is viewed by traditional asset managers as a "small-cap tech stock." Benefiting from the narrative of real-world asset (RWA) tokenization (with a year-on-year growth of 145% in Q3 2025, bringing higher quality assets into DeFi and enhancing value capture). Therefore, the year-end target price is around $4,500.For SOL, Sean Farrell thinks it will compete with ETH for RWA market share but lacks support from traditional asset managers. Its advantages include high throughput, upgrades (such as Alpenglow and Firedancer), and potential inflation reduction. Price expectations: a drop to $50-$75 in Q1/Q2, followed by a rebound to $220-$260.After the risk clearing, altcoins will be an "excellent cocktail"; after ETH outperforms BTC, altcoins with reliable token economics and solid traction will perform significantly, especially those related to RWA.Previously reported, Tom Lee stated in an interview that "Bitcoin may reach a new all-time high by the end of January 2026," while Fundstrat analyst Sean Farrell mentioned in a report on the 20th that "Bitcoin may drop to $60,000 to $65,000 in the first half of 2026, and Ethereum may fall to $1,800 to $2,000."

Cyvers announced the detection of multiple suspicious transactions on the ARB network, involving a proxy contract, resulting in a loss of approximately $1.5 million.Preliminary analysis indicates that a single deployer of the USDGambit and TLP projects may have lost access to their account, after which the attacker deployed a new contract and updated the ProxyAdmin permissions to take control of the account. The stolen funds were then transferred to the ETH network and deposited into TornadoCash.

According to the disclosure from the Shanghai Procuratorial WeChat official account, the Shanghai Baoshan District Procuratorate, in handling a case of occupational crime, successfully initiated supervision on 24 cases involving 24 individuals through a penetrating review of funds, tracking the flow of funds. Prosecutors stated that the number of accounts involved in the underground money laundering gang was numerous, making the case very challenging, with a massive scale of financial transactions and a money laundering amount reaching 1.8 billion yuan. Ultimately, through pursuit and prosecution, they cracked down on money laundering activities that utilized virtual currency for cross-border transfer of illicit funds.In response to new and complex money laundering crimes such as underground money houses and virtual currencies, the Baoshan District Procuratorate guided public security agencies to penetrate fund accounts, clarify the sources and destinations of funds, secure electronic data, and make precise and effective accusations, fully ensuring the quality and effectiveness of the investigation and handling of money laundering cases.

Cryptanalysis expert Ai (@alicharts) posted on the X platform that the 10-week and 50-week moving averages of Bitcoin have crossed, and historical experience shows that significant pullbacks occur after this phenomenon, including: a 67% drop in September 2014, a 54% drop in June 2018, a 53% drop in March 2020, and a 64% drop in January 2022. If history repeats itself, a similar pullback of 50%--60% could bring the Bitcoin price down to between $38,000 and $50,000.

The founder of Equation News, Vida, made $1 million by reviewing the BROCCOLI714 hacking incident on the X platform. He noticed the volatility of BROCCOLI714 with a rise of over 30% within 1800 seconds and immediately closed the previously set arbitrage positions. The originally $500,000 arbitrage hedge positions turned into a spot value of $800,000 and a contract value of $500,000, allowing him to pocket $300,000 by closing all arbitrage positions immediately.He then discovered that there was a $5 million buy order at a 10% depth on the Binance BROCCOLI714 spot market, while the contract's bid depth was only $50,000. The order book on Binance's main site showed that BROCCOLI714 had a market value of $40 million, with a bid of $26 million. This led to the conclusion that a user account must have been hacked or a market-making program had a bug. After confirming that the hacker had $26 million in the spot order book, it was understood that their goal was to inflate the spot price to raise the contract and exit through the contract.It was confirmed that as long as the hacker did not withdraw buy orders from the spot market, the price of BROCCOLI714 would continue to rise. Vida then chose to attempt to go long on the BROCCOLI714 USDT perpetual contract every 5-10 seconds on the trading terminal. If the order was successful, it would indicate that the circuit breaker mechanism's time had passed, and the contract would be inflated. Ultimately, he successfully seized this opportunity and added about $200,000 to his long position at an entry cost of $0.046 for the contract.After the hacker withdrew from the order book, Vida believed he had been sanctioned by the risk control department. At 04:20:52.732 Beijing time on January 1, 2026, Vida began to sell all the previously accumulated and subsequently increased BROCCOLI714 spot and contract positions at any cost. Through the original $200,000 position and an additional $200,000, he ultimately cashed out $1.5 million.

According to on-chain analyst Ai Yi's monitoring, a suspected large account on Binance has been hacked. Due to risk control mechanisms, the hacker cannot withdraw funds directly and is attempting to transfer money through "wash trading." The hacker chose the low liquidity, small market cap meme coin BROCCOLI714 as the target, placing large buy orders to violently drive up the spot price. Trader Vida noticed the price anomaly through alerts and quickly determined that this was unusual (abnormal market maker behavior). After the contract circuit breaker ended, they accurately opened a long position and closed it, repeatedly intercepting the hacker's operations and profiting about 1 million dollars. Subsequently, it is suspected that Binance's risk control intervened, preventing the hacker from continuing to place orders, leading them to attempt to operate SOL but fail, ultimately canceling the orders and giving up.

Solv Protocol's Head of Business Development, Catherine, stated, "Binance and USD1 launched a 20% fixed annual deposit promotion, leading many users to exchange USDT for USD1, which caused USD1 to experience a premium of about 0.39% at one point. Some funds were then borrowed through the Lista DAO lending market, using SolvBTC or SolvBTC-BTCB as collateral to borrow USD1, and gradually sold in the spot market to meet demand. During this process, some traders directly sold BTC using market orders through the BTC/USD1 trading pair. However, due to the extremely thin liquidity of this trading pair, a single large market order quickly swept away the buy orders, briefly lowering the BTC price, which was then quickly bought back by arbitrage bots to restore the price.Zhao Changpeng, CZ, clarified regarding this incident, "This actually indicates that the trading platform did not participate in the related transactions. Due to the low liquidity of the newly launched trading pair, a large market order can cause a momentary price spike, but arbitrageurs quickly correct the price back to normal levels. At the same time, since this trading pair was not included in any index, it did not trigger any liquidation."

Nano Labs founder Jack Kong posted on X platform that the price of Bitcoin has increased nearly 400,000 times from $0.25 in 2010 to $98,200 in 2024.Historical data shows that Bitcoin bear market bottoms often occur around Christmas, such as $319 in 2014, $3,815 in 2018, and $16,831 in 2022. The predicted $88,000 for 2025 represents a pullback compared to 2024, which may reflect the market's expectation of cyclical adjustments. From a macro perspective, this volatility is precisely the growth characteristic of digital assets as emerging store of value tools.

According to Gelonghui, Harry Dent, the founder of HS Dent Investment, recently warned that the most severe market crash in history will occur in 2026. Dent predicts that the current market bubble, which has lasted nearly 17 years, will burst, leading to a 90% drop in the stock market.He described it as the worst market environment since the Great Depression, with stocks, real estate, and digital assets deeply entrenched in a debt-driven "super bubble."Dent stated that early 2026—especially January—will be a critical period for determining whether the bubble will ultimately burst or continue for another year. The reason is that, based on historical experience, a strong performance in the stock market during the first week and the first month of January often indicates a bullish trend for the entire year; however, if January shows weakness, it will further confirm his bearish outlook.He concluded that the only asset that might "survive" is U.S. Treasury bonds, as they can print money to pay off debts. On this point, this economist seems to differ from some other well-known economists, as Peter Schiff previously predicted an unprecedented dollar collapse in 2026.