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Whale 0xed41 bought 9,638 ETH (about $28.76 million) spot through Hyperliquid and Lighter, while simultaneously opening a 20x leveraged short position for 9,940 ETH (about $29.3 million) as a hedge. (Lookonchain)

PANews, December 19 – Forbes recently published an in-depth report focusing on the latest developments in the US stablecoin regulatory framework, with a particular emphasis on the "2025 Skynet US Digital Asset Policy Report" released by CertiK, the world's largest Web3 security company. The report cites CertiK's analysis, pointing out that as key policies such as the GENIUS Act continue to advance, the US digital asset industry is transitioning from broad principles to a new stage centered on specific requirements, enforceable regulation, and institutional-level compliance expectations. CertiK co-founder and CEO Ronghui Gu stated in the report that, in the future, the issuers able to stand out in the stablecoin sector will be those companies that have already established mature, institutional-grade operational systems in reserve management, transparency, and infrastructure. The industry as a whole is also shifting towards a "security-first" approach. Additionally, Forbes, citing CertiK's report, analyzed that the divergence in regulatory paths between the US and Europe is reshaping the global liquidity landscape for stablecoins: the US regards dollar stablecoins as strategic assets, while the EU's MiCA framework centers on protecting euro monetary sovereignty, gradually forming a "dual-track" stablecoin system. CertiK believes that regulation will not only determine who can issue stablecoins, but also who can compete globally. The real competition is shifting towards long-term operational capabilities across regulatory regimes.

PANews, December 19 — According to an announcement on the official website of the U.S. Department of Justice, 56-year-old Magdaleno Mendoza has been sentenced to 71 months in prison for participating in the IcomTech crypto Ponzi scheme and illegal entry, and has been ordered to pay approximately $789,000 in restitution, forfeit $1.5 million, and his California property. Mendoza was a core promoter of IcomTech, leading fraudulent activities targeting Spanish-speaking working-class groups since 2018, promising false investment returns, and had assisted in several similar schemes. IcomTech collapsed in 2019, with victims across the United States. The founder Carmona and former CEO Ochoa were both sentenced in 2024.