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The market has been quite active recently. The EU has implemented the DAC8 digital asset tax transparency regulation, which will officially take effect on January 1, 2026. By then, crypto service providers will need to report users' transaction information, significantly increasing compliance pressure.
The Solana ecosystem has been quite hot lately. The on-chain Meme coin PIPPIN has increased by 35% in the past 24 hours, with a market cap reaching $486 million. This wave of market activity has definitely attracted attention.
Additionally, a reminder that today, the H and XPL tokens will undergo large-scale unlocks, corresponding to $15.62 million and $11.5 million respectively. Such unlock events of this magnitude can easily trigger short-term volatility, so those watching these two tokens should stay alert. As mainstream assets, BTC and ETH have also been fluctuating repeatedly under various macro factors recently. The overall market still depends on the follow-up policy and data trends.