China will implement a new policy requiring silver exporters to obtain government licenses starting January 1, 2026. This regulation is expected to impact smaller producers' ability to access international markets, potentially tightening the global silver supply, as China accounts for 60% to 70% of the market. Meanwhile, significant Bitcoin transactions were observed on December 26, with over 16,000 BTC moved by large holders. Despite ongoing speculation about spot Bitcoin ETF approvals, Bitcoin's price fell 1.96% to $87,507.34 within 24 hours, indicating market uncertainty.