FameEX Morning Crypto News Recap | December 18, 2025

U.S. SEC Releases Statement on Custody Rules for Crypto Asset Securities

The U.S. SEC's Trading and Markets Division clarified that broker-dealers can be deemed in "physical possession" of crypto asset securities under customer protection rules if they enable on-chain transfers. However, significant security or custody risks prevent such recognition.

SEC Commissioner Peirce Seeks Public Input on Improving Crypto Asset Market Framework

On December 17, 2025, SEC Commissioner Hester Peirce issued a statement, accompanied by FAQs from the Division of Trading and Markets, broadly soliciting public input on improving regulations for trading crypto asset securities on national securities exchanges and alternative trading systems to foster innovation.

Bitcoin Holdings Concentration 11%, Not Yet in Danger Zone

On-chain analyst Murphy states that BTC chip concentration is a leading indicator for potential volatility. Levels above 13% (within 5% of spot price) enter a warning zone, while over 15% is high-risk. Currently at 11%, it remains moderately high but outside the warning zone.

10x Research: Indicator Divergence Signals Potential Shift in Market Pattern

10x Research warns that despite widespread market optimism, emerging divergences in key indicators suggest a potential shift in the current bullish pattern. Investors face a critical choice: continue betting on strong 2026 expectations or adopt more defensive strategies.

Analysts: Next 1-2 Months Ideal Window to Buy Bitcoin

Crypto analyst Banmuxia stated on December 18 that AI bubble fears are largely priced in, while Japan's rate hike has stalled markets. Fed balance sheet expansion boosts liquidity, and strong non-farm data supports rate cuts. The next 1-2 months present a prime opportunity to buy risk assets like Bitcoin.

Japan's Crypto Tax Reform Likely Delayed Until 2028

Sources from Japan's political circles indicate that cryptocurrency tax reforms, including separate taxation, may be delayed until January 2028. While markets anticipated implementation by 2027, the process is slower, prioritizing investor protection and monitoring the Financial Instruments and Exchange Act's rollout before launching the new system.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.