FameEX Morning Crypto News Recap | December 18, 2025
2025-12-18 03:32:29New SEC Pronouncement on Holding and Custody of Crypto Securities
The U.S. SEC's Division of Trading and Markets issued guidance on applying customer protection rules to crypto asset securities. Broker-dealers enabling on-chain transfers may be considered in "physical possession" of client assets, but significant security or custody risks disqualify such recognition.
SEC's Peirce Launches Initiative for Better Cryptocurrency Trading Infrastructure
On December 17, 2025, SEC Commissioner Hester Peirce released a statement alongside FAQs from the Division of Trading and Markets. The initiative widely solicits market feedback on regulatory challenges for trading crypto asset securities on national securities exchanges and alternative trading systems, aiming to promote innovation.
Bitcoin Concentration at 11%, Data Shows No Entry into High-Risk Zone
On-chain data analyst Murphy explains that BTC chip concentration serves as a leading indicator for potential market volatility. Thresholds: above 13% (within 5% of spot price) signals warning zone; over 15% indicates high-risk. Current level at 11% is moderately elevated but not yet in warning territory.
10x Research Warns of Divergence Hinting at Regime Change
10x Research cautions that, despite prevailing market optimism, divergences in key indicators are emerging, potentially signaling a shift in the current bullish pattern. Investors must now weigh continuing aggressive bets on 2026 upside against transitioning to more defensive positioning strategies.
Analysts Recommend Accumulating Bitcoin in the Next 1-2 Months
Crypto analyst Banmuxia noted on December 18 that AI bubble concerns are nearly fully priced in, Japan's rate hike has caused market stagnation, while Fed balance sheet growth enhances liquidity and robust non-farm payrolls support further rate cuts. The next 1-2 months offer a favorable window for purchasing risk assets, including Bitcoin.
Japan Crypto Taxation Changes May Wait Till 2028
Sources in Japan's political circles reveal that cryptocurrency tax reforms, such as separate taxation at 20%, may not take effect until January 2028. Despite market hopes for 2027 implementation, progress is slower, with priority on investor protection and observing the Financial Instruments and Exchange Act rollout.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.