Odaily Planet Daily reported on December 25th that, according to a Hong Kong Stock Exchange announcement, Hong Kong-listed company Tianji Holdings issued a supplementary announcement regarding a financing agreement. The announcement disclosed that Tianji Holdings intends to use 16.6% (approximately HK$10 million) of the net proceeds from its subscription of warrant shares, amounting to approximately HK$60 million, to expand its sports intellectual property projects based on Web3 and AI, including the development and design of physical and digital intellectual property products related to La Liga clubs. Tianji Holdings stated that it will apply Web3 blockchain technology to put intellectual property on the blockchain and create a tamper-proof and traceable digital identity for each intellectual property product.

According to Onchain Lens monitoring, a newly created address withdrew 329,400 LINK tokens from Binance, worth $4.01 million.

Huoxun Finance reported on December 25th that Synthetix and Infinex founder Kain Warwick tweeted that the total valuation (FDV) of Infinex's Sonar token sale has been lowered from the initial $300 million to $99.99 million to better adapt to the current market environment. Kain pointed out that the original planned FDV was considered too high, and the adjusted FDV will be more attractive, aiming to increase project buzz and prepare for the upcoming TGE. Kain also mentioned that although the early exit option was designed as an innovation incentive, market feedback considered its price too high, so the early exit price will be gradually reduced from $300 million at TGE to $100 million, maintaining the original one-year lock-up period structure. Furthermore, the Sonar sale is expected to be significantly oversubscribed, but due to the reduced FDV, the total allocation is smaller, making it impossible to guarantee priority allocation to the original PatronNFT holders. He emphasized that this adjustment aims to attract more new investors, not just existing holders. Kain expressed confidence in Infinex's success in 2026 and will expand its market influence through various means, including the Sonar sale. Infinex will reportedly open registration for its $INX token sale on December 27th, with the sale officially commencing on January 3rd. The target valuation for this Sonar token sale on Echo is $99.99 million, with a planned sale of 5% of the total supply, aiming to raise $5 million. The tokens will have a one-year lock-up period. After the sale concludes, an additional 2% of the tokens will be sold through the Uniswap platform at a valuation of $100 million.

According to a tweet by crypto analyst AliCharts on December 25, Ethereum whale addresses have accumulated 220,000 ETH in the past week, with a total value of approximately $660 million at current prices.

Odaily Planet Daily reported on December 25th that Caixin published an article titled "The Secret and Fatal Risks of the Frenzied Popularity of U-Cards on Xiaohongshu." The article points out that users can use bank cards bearing the Visa logo to make payments such as ChatGPT Plus subscription fees, with the deductions completed through USDT in their cryptocurrency wallets. These overseas bank cards, commonly known as "U-cards," are a type of overseas bank card that uses USD stablecoins for payments. The Caixin article points out that issuing and using U-cards within China carries a unique layer of legal risks.