According to on-chain analyst Ai Yi's monitoring, the whale opened a short position after the 1011 flash crash, with a short-term unrealized loss of $22.43 million. Currently, the long positions' unrealized losses have narrowed to $12.97 million, with ETH's unrealized losses accounting for over 80%. After experiencing liquidation, Brother Magi recharged $200,000, and his ETH holdings now have an unrealized loss of $300,000, with some room before reaching the liquidation price.

Odaily Planet Daily reports that negotiations in the U.S. Senate over the Cryptocurrency Market Structure Act have not yet resolved multiple disagreements, and substantial progress may be delayed until January next year. The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, hosted by President Donald Trump's crypto advisor Patrick Witt. The negotiations involve four parties: Senate Democrats, Republicans, the White House, and the crypto industry, with four major disagreements still to be resolved. These disagreements include ethical standards for government officials' involvement in digital assets, especially regarding President Donald Trump’s participation, whether stablecoins should be tied to yields, and the U.S. Securities and Exchange Commission (SEC)’s jurisdiction over tokens and its authority to regulate decentralized finance (DeFi). Patrick

Recently, major whales/institutions exchanged 163 BTC for 4717 ETH through THORChain. Within 18 days, a total of 1632 BTC was converted to 48634 ETH, amounting to 145 million, with an average ETH cost of $3011.

ADNOC Distribution and Al Maryah Community Bank sign a memorandum of understanding to accept AE Coin stablecoin payments, covering nearly 980 service stations in the UAE, Saudi Arabia, and Egypt. This move aims to promote secure digital payments, with AE Coin being the first centrally bank-approved stablecoin pegged to the Dirham.

Foresight News reports that the Solana ecosystem accelerator Colosseum has announced the winners of the Solana Cypherpunk Hackathon. Over 9,000 participants teamed up to submit a total of 1,576 final projects. The grand prize was awarded to Unruggable, a new hardware wallet and supporting application developed by Solana. Other first-place winners in their respective tracks include prediction market meta-aggregator Capitola (Consumer Tracking), on-chain "Buy Now Pay Later" solution Yumi Finance (DeFi Tracking), Solana-based trading debugging platform Seer (Infrastructure Track), oracle Autonom developed specifically for RWA (RWA Track), and connecting MCP and

BlockBeats News, December 13 — Scott Lucas, Managing Director and Head of Digital Asset Markets at J.P. Morgan, stated at the Solana Breakpoint conference: "I believe this community is full of incredible innovation, and people are eager to explore. Combining these two aspects, you'll start to understand — where business opportunities come from and how they relate back to the core proposition of economic growth. This itself is part of a grand narrative. Therefore, I think the key is to truly get involved, integrating that pioneering spirit and innovation into the exploration of opportunities. Not all innovations are perfectly suited for regulated markets, and that's normal. Some target retail users, while others focus on different markets, but within them, there are essential elements that are highly valuable for our understanding, worth engaging with deeply, and learning from. Even if some things...

Odaily Planet Daily News reports that according to Arkham monitoring, the suspected application chain infrastructure protocol TANSSI team address has added a total of 45 million tokens through multiple transactions (valued at nearly $700,000). This comes only about three weeks after the last large issuance of tokens, during which their team minted an additional 23 million TANSSI tokens, and then sent some of the tokens to exchanges.

Odaily Planet Daily reports that Pi Network announced the winners of its first Open Network era hackathon. The event received over 215 submissions of mainnet applications that meet the ecosystem requirements. The first place was awarded to BlindLounge, a privacy-first anonymous social dating platform that requires KYC verification of users and integrates Pi payments to enhance authenticity and prevent abuse. The runner-up, Starmax, offers a Pi-based loyalty rewards system for merchants and users. The third place went to RUN FOR PI, a fast-paced parkour game that directly incorporates Pi into its in-game economy system. Additionally, five applications received honorable mentions: Kindrek, Workflet for Pi, PallyPay, SimpleJoy, and Agora.

The Hong Kong Monetary Authority issued a risk warning, warning that the platform named "Hong Kong Yunbo Holdings/Yunbo Holdings 2.0" falsely claims to be in partnership with them. The HKMA stated that they are not affiliated with the platform and have not issued any stablecoin licenses. The public should remain vigilant regarding related promotions.

The Office of the Comptroller of the Currency has approved the charter applications of five national trust banks, including BitGo, allowing it to convert its South Dakota trust company into a national bank to provide digital asset custody and related services.

According to on-chain analyst Yu Yan's data, a whale holding a $230 million long position experienced an unrealized loss of $17.1 million after a dip in the early morning. The total position is currently $666 million, with long positions in ETH, BTC, and SOL all in an unrealized loss state.

Fogo announces the cancellation of the $20 million token presale plan, changing the originally scheduled 2% FOGO tokens for the presale to a community airdrop, while unlocking 38.98% of the tokens at mainnet launch and burning 2% of the initial supply allocated to core contributors.

Federal Reserve Chairman Powell stated that artificial intelligence is having some impact on employment in the United States, but it is not the main cause. He expressed concern that the current AI wave could be more detrimental to the labor market than previous technological revolutions, potentially leading to an imbalance in job numbers, and that the tools to address these impacts are still insufficient.

San Francisco Federal Reserve Bank President Mary Daly supports the Fed cutting interest rates, emphasizing that the economic expansion is still in its early stages, and there is a need to balance inflation and a healthy labor market, while remaining cautious of the household burden from overly tight policies.

Golden Finance reports that multiple DeFi and crypto organizations—including the DeFi Education Fund, a16z, The Digital Chamber, Uniswap Foundation, and others—have jointly sent a letter to the SEC criticizing Citadel Securities's stance last week demanding that the SEC strictly define "all intermediaries in tokenized U.S. stock trading." They stated that the SEC's analysis is "flawed" and misrepresents the facts. The crypto industry pointed out that Citadel is attempting to extend SEC registration requirements to any entity "somewhat related" to DeFi trading, mistakenly treating decentralized protocols as traditional "exchanges or brokerages." They emphasized that DeFi operates on autonomous software, without actual asset custody intermediaries, and should not be subject to the same regulatory framework.

President Trump expressed a preference for choosing former Federal Reserve Board member Kevin Wash or National Economic Council Director Kevin Hasset as the Federal Reserve Chair, and revealed discussions with Wash, emphasizing the need to cut interest rates to reduce government debt financing costs.

US White House AI Advisor Sachs Defends Trump's Restrictions on State AI Regulation, Saying the Move Aims to Reduce Business Compliance Burden. He Believes a Unified Federal Regulatory Framework Is Needed to Support Small Businesses and Innovators.

Between 02:11 and 02:13, Polychain Capital received three large PENDLE transfers from different anonymous addresses, totaling 3,851,753.92 PENDLE, valued at approximately $8,396,800.

BlockBeats News, December 13 – The Office of the Comptroller of the Currency (OCC) has conditionally approved trust bank licenses for five institutions: Ripple, BitGo, DigitalAssets, Paxos, and Circle. "Conditional approval" is a preliminary recognition, indicating that the OCC has reviewed the application and considers the company to meet basic regulatory requirements (such as capital adequacy, risk management framework, and business plan), but it is not a final license. The company must meet specific conditions within a set timeframe to convert this into full operational status. Once all conditions are satisfied, the OCC will issue a final, unconditional national trust bank license, allowing the company to immediately exercise trust bank powers, mainly including: expanding core business operations, managing client assets as a trustee, handling payment settlements, custody of digital assets (such as stablecoin reserves), and providing related financial services.

ChainCatcher News, according to market sources: BitGo has received regulatory approval to operate as a bank.

BlockBeats News, December 12 — Hyperliquid officially announced that the upcoming network upgrade will introduce a Portfolio Margin feature, which has already been launched in pre-alpha mode on the testnet. Under the Portfolio Margin mode, the margin for users' spot and perpetual contract trading will be fully unified, significantly improving capital efficiency. Additionally, the Portfolio Margin account will automatically generate yields on all lendable assets that are not actively used for trading. All HIP-3 DEXes are included in the Portfolio Margin calculation, but not all collateral assets on HIP-3 DEXes are lendable. In the future

BlockBeats News, December 12 — BitMine Chairman Tom Lee recently stated that the Strategy company of Bitcoin encrypted treasury (DAT) establishing a $1.4 billion cash reserve is a "wise move." Although Strategy's stock price has fallen more than 50% over the past six months, this cash reserve will enable the company to continue paying shareholder dividends during Bitcoin price declines without selling its $61 billion Bitcoin holdings. Tom Lee pointed out that during the previous Bitcoin downturn cycle, Strategy's stock trading price was below its net asset value (NAV), and building a cash reserve was precisely to prepare for such situations. As the largest ETH treasury company holding over $12 billion worth of Ethereum, BitMine has not yet built

ChainCatcher reports that the Aave community has recently erupted into governance controversy, with the focus on whether the integration of CoW Swap has led to protocol revenue flowing to Aave Labs rather than the Aave DAO. A representative named “EzR3aL” posted on the governance forum stating that their on-chain analysis shows that transaction fees generated through the new CoW Swap interface no longer flow into the DAO treasury but are instead directed to an independent address, estimated to be worth about $200,000 per week. Marc Zeller, head of the Aave Chan Initiative, said the situation is “extremely concerning,” accusing it of “secret privatization of approximately 10% of the potential revenue of the Aave DAO.” The controversy has also extended to Aave Vaults, Horizon, and the Aave v4 liquidation engine.

The U.S. Supreme Court is about to rule on the legality of the comprehensive tariffs launched by Trump in April, which could impact the stock market. The S&P 500 index has already rebounded by 39%, hitting a record high. If the ruling declares the tariffs invalid, the earnings of component companies are expected to grow by 2.4% in 2026.

Foresight News reports that ZEROBASE has issued a security warning, stating that they received user reports about a phishing contract on BNB Chain (BSC) attempting to impersonate ZEROBASE and hijack user connections. The scam contract claims to be ZEROBASE's official interface and tricks users into granting USDT permissions. It has implemented a malicious approval detection mechanism. When users access ZEROBASE Staking, if the system detects that your wallet has interacted with this contract, deposits and withdrawals will be automatically blocked until the approval for the phishing contract is revoked. Users can also use

BlockBeats News, December 12 — Slow Mist founder Yu Xian issued a security warning: ZEROBASE frontend was hacked, and some users authorized malicious contracts to USDT, resulting in asset theft. Please users pay attention to asset security.

Foresight News report, Multicoin Capital Managing Partner Tushar Jain and Jito Governance Lead Nick Almond jointly released "The Solana Constitution" proposal at the Solana Breakpoint conference, aiming to address the current ambiguity in Solana governance. The core of the proposal introduces the "Staker Override," allowing stakers to overturn their delegated validators' voting decisions on specific proposals, thereby solving the agent problem in representative democracy and granting ultimate sovereignty to stakers. The proposal recommends a dual-track system: SGPs for systemic changes require full network voting, while technical specifications

China Asset Management Hong Kong will launch Asia's largest tokenized money market fund, supporting HKD, USD, and CNY denominations, offering on-chain stable returns, transparency, and real-time settlement. The plan is to expand from Hong Kong to a broader region.

Foresight News现场报道, Cryptocurrency financial services company Abra CEO Bill Barhydt announced at the Solana Breakpoint conference the launch of AbraFi, a synthetic asset tokenization platform based on Solana. AbraFi will be released to the public in the form of a DAO, not owned by Abra Inc. Governance token AFI holders will receive a majority of the protocol's revenue share and have governance rights over the product mechanism. The first product of AbraFi is a synthetic US dollar.

Odaily Planet Daily reported that the Florida State Attorney's Office seized approximately $1.5 million worth of cryptocurrencies in an investment scam case. The suspect's wallet reportedly holds cryptocurrencies such as AVAX, DOGE, PEPE, SOL, and Bitcoin. It is also reported that the Florida State Attorney's Office Cyber Fraud Enforcement Division has obtained a court order. The suspect has been charged with money laundering, major theft, and organized fraud. (Decrypt)