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Christmas should be warm and cozy, but the crypto world has faced three consecutive blows.
**That Deadly Needle**
On December 24th, a major exchange's BTC/USD trading pair suddenly plummeted. A needle was stabbed straight down, with the price instantly dropping to $24,111, then bouncing back near $87k in the blink of an eye. With this blow, how many people bought the dip and got caught off guard? How many contracts exploded? Behind the screens, gamblers are either laughing while counting money or crying as they clear their positions.
**The Truth About Infrastructure**
The more heartbreaking news came on December 25th, when Amazon AWS experienced widespread outages, followed by a compliance platform, Robinhood, and a bunch of DeFi frontends all going down. Those who shout "decentralization" every day only now realize—whether your wallet can connect or trade ultimately depends on Jeff Bezos's data center still being operational. The ideal of Web3 clashes with reality, ending in a complete defeat.
**The Iron Fist of Stablecoin Regulation**
Latest data has been released. According to monitoring reports, between 2023 and 2025, the frozen amount of USDT reached $3.3 billion, which is 30 times that of another stablecoin issuer. Among them, a certain public chain accounts for 53% of the total frozen assets. Some mock USDT for being non-compliant? Just look at this execution—this is what "on-chain law enforcement" looks like. No matter what you think, these risk control measures are genuinely changing the market ecosystem.
**The True Face of Holiday Market Trends**
BTC repeatedly tests the $88k resistance level but fails to break through. Altcoins follow the trend downward, and all the new concept tokens are in the red these days. During the Christmas season, which should be the golden period for market activity, it has instead become garbage time.