According to Odaily, the South Korean government is pushing forward legislation to introduce a "no-fault compensation" rule similar to that in the banking industry for major cryptocurrency exchanges. It is understood that the Financial Services Commission (FSC) of South Korea is evaluating the possibility of requiring virtual asset service providers to bear liability for compensation even if they are not at fault, in cases of user losses caused by hacking attacks or system failures.

Currently, such mandatory compensation only applies to traditional financial institutions and electronic payment companies.

This policy move stems from a security incident that occurred on the Upbit platform on November 27, in which approximately 44.5 billion won (about US$30.1 million) in assets were transferred to external wallets within 54 minutes, and regulators were unable to force the platform to compensate under current regulations.

South Korean financial regulators also pointed out that the cryptocurrency trading industry has experienced frequent system failures in recent years. Data shows that from 2023 to September of this year, the five major exchanges experienced a total of 20 system failures, affecting more than 900 users and resulting in a cumulative loss of approximately 5 billion won. Upbit accounted for six of these failures, with losses amounting to approximately 3 billion won.

The draft also proposes to raise technical security requirements and increase the maximum penalty for hacking incidents to 3% of annual revenue, the same as traditional financial institutions, which is higher than the current fixed limit of 5 billion won.

Furthermore, Upbit's incident has sparked controversy over "delayed reporting." The platform detected the anomaly at 5:00 AM but only reported it to regulators at 10:58 AM, leading some lawmakers to question whether it intentionally waited until the merger process between its parent company, Dunamu, and Naver Financial was completed before disclosing the information. Regulators are investigating the matter, but under the current framework, it is unlikely that severe penalties will be imposed. (Korea JoongAng Daily)

1. SEC Chairman: The entire financial system will operate on Bitcoin and crypto assets for the next few years;

2. Jensen Huang: Bitcoin is transforming "surplus energy" into a portable form of currency;

3. a16z: "Inefficient governance" and "dormant tokens" are two major problems that pose a more severe quantum threat to BTC;

4. Analysis: "Smart money" on the Hyperliquid platform is still betting on a short-term decline in ETH, with short positions increasing by $2.8 million in the last 24 hours;

5. DOYR's market capitalization once exceeded $25 million, and is currently trading at $16.15 million;

6. A whale is again using revolving lending to increase its holdings of AAVE, after having 32,000 AAVE liquidated on "October 11th";

7. AZTEC public offering ends: Total subscription amount 19,476 ETH, with 16,741 users participating;

8. Pump.fun has cumulatively repurchased over $200 million worth of PUMP tokens;

9. Data: The top 100 listed companies holding BTC collectively hold over 1.05 million BTC.

According to Odaily Planet Daily, crypto analyst Ai Yi (@ai_9684xtpa) reports that with DOYR's market capitalization surpassing $15 million, the address currently holding the largest position has realized a floating profit of approximately $193,000, representing a return of approximately 7858.9%.

On-chain data shows that address 0x234...655fd bought 2.773 BNB (approximately $2456) at an average price of $0.0001444 within about 5 minutes of the token's listing. Subsequently, this address sold approximately 23.6% of its holdings during the price increase and currently still holds approximately 13 million DOYR.

According to Foresight News, Moore Threads surged nearly 470% on its first day of trading on the STAR Market on December 5th, pushing its market capitalization above 300 billion yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have once again drawn attention.

The report points out that Li Feng, along with Li Xiaolai and others, participated in the issuance of a token project called "Malgo Coin (MGD)" in 2017. The project raised approximately 5,000 ETH during the ICO boom, and its white paper was accused of exaggerating several aspects of the team's background and lacking transparency regarding the use of some funds. Under regulatory pressure, the project was later renamed "Alpaca Coin".

Furthermore, in 2018, OKX founder Star publicly accused Li Feng of failing to repay a loan of 1,500 bitcoins on time, and stated that legal proceedings had been initiated in both China and the United States. The loan agreement shown by Star at the time indicated that the two parties initially signed the agreement in 2014, and it was renewed in 2017 due to extension requests, but ultimately a default occurred. Due to issues of cross-border enforcement and the legal recognition of virtual assets, this dispute remains unresolved.

According to an official media briefing, JustLend DAO has officially launched the 12th USDD 2.0 supply mining event. This event will begin at 20:00 Singapore time on December 6, 2025, and will continue until January 3, 2026. Participants can enjoy tiered annualized returns, up to 5%, by depositing $USDD. Rewards will be distributed weekly. Join the staking mining now and earn rewards together.

According to Odaily Planet Daily, NVIDIA CEO Jensen Huang recently stated when discussing energy and blockchain that Bitcoin is "transforming and preserving idle or surplus energy around the world into a new form of currency," one that can be carried and circulated globally. He pointed out that this digital pathway for energy is becoming one of the important value foundations of Bitcoin.

According to Odaily Planet Daily, a16z stated in his latest article on quantum attacks that Bitcoin faces two major real-world challenges, making a shift towards quantum-resistant digital signatures imperative.

First, there's the issue of governance efficiency; Bitcoin's upgrade process is extremely slow. If the community cannot reach a consensus on a solution, any controversial issue could trigger a destructive hard fork.

Secondly, there's the issue of the initiative in migration. Bitcoin's transition to quantum-resistant signatures cannot be passive; holders must actively migrate their assets. This means a large number of dormant cryptocurrencies vulnerable to quantum attacks will lose their protection. It's estimated that millions of such quantum-vulnerable Bitcoins, potentially abandoned, are worth hundreds of billions of dollars at their current market capitalization.

According to GMGN data, the BNB ecosystem's Meme coin DOYR has seen a total increase of over 170 times, with its market capitalization reaching a peak of $25 million. It is currently trading at $13.66 million, with a cumulative trading volume of $37.66 million.

Last night, Binance Co-CEO He Yi mentioned on social media that "finding angles in tweets to launch tokens is a community activity," and reminded users to be aware of the related risks. She mistakenly wrote DYOR as DOYR. CZ subsequently retweeted this, stating, "DOYR = DO Your meme? Posting a tweet does not imply endorsement of any meme or symbol."

Odaily reminds users that the price of Meme coin is highly volatile, and investors should be aware of the risks.

According to data from blockchain analytics platform Nansen, as reported by Odaily, "smart money" on Hyperliquid (typically referring to the highest-performing traders) is still betting on a short-term decline in Ethereum prices, with short positions increasing by $2.8 million in the past 24 hours. The total net short position in Ethereum on the platform now exceeds $21 million. Furthermore, analysis reveals that demand for ETFs, a key driver of Ethereum liquidity, remains insufficient. Farside Investors data shows that spot Ethereum ETFs have experienced net outflows for two consecutive days as of Friday, recording an outflow of approximately $75.2 million, compared to a net outflow of approximately $41.5 million the previous day.

According to Odaily Planet Daily, the Chairman of the U.S. Securities and Exchange Commission (SEC) recently stated that Bitcoin and broader crypto assets will become the underlying foundation of the global financial system in the coming years. He emphasized that "this will be the direction the world is heading," and said that traditional financial infrastructure will gradually transition to crypto-native technologies.

1. Caixin: Last year, 3,032 people were prosecuted for money laundering related to cryptocurrencies. The current task is to raise public awareness of the risks of virtual currencies.

2. He Yi: Binance employees are not allowed to participate in token issuance and promotion; community token issuance is unrelated to Binance.

3. Vitalik: An on-chain gas futures market should be established to predict and hedge future transaction fee risks;

4. The market capitalization of euro stablecoins doubled within a year of MiCA taking effect;

5. Analysis: Bitcoin profitability ratios have fallen to a two-year low, and the market may be entering a "sell-off exhaustion" phase;

6. Jupiter executives admitted that Jupiter Lend's claim of "zero risk of infection" was false;

7. Billionaire Andy Beal receives approval to launch new crypto bank;

8. Harvard University holds more Bitcoin ETFs than it holds Google stock;

9. Bloomberg analyst: Bitcoin's pullback this year is normal volatility, and it still maintains an average annual increase of about 50%;

10. Strategy's underwriter, Clear Street, plans to list the company as early as January next year.

According to Odaily Planet Daily, Aztec officially announced on X that the public sale of AZTEC tokens has ended. The total subscription amount for this public offering was 19,476 ETH, with 16,741 users participating.

According to crypto analyst EmberCN, a revolving loan whale that liquidated 32,000 AAVE tokens at $101 during the October 11 crash has been continuously adding to its AAVE holdings through revolving loans since November 24. Over the past two weeks, it has invested a total of 14 million USDC to purchase 80,900 AAVE tokens, with an average purchase price of approximately $173.

The whale's total holdings have now increased to 333,000 AAVE tokens, with a market value of approximately $62.59 million, a total cost of approximately $167, and a liquidation price of approximately $117.7.

Odaily Planet Daily reports that Jupiter Exchange Chief Operating Officer Kash Dhanda recently responded to community questions, stating that the team's previous claim on social media that the Jupiter Lend vault had "zero risk of infection" was inaccurate. Jupiter had previously promoted its lending vault as a "risk-isolation" structure, claiming that there would be "no cross-infection between trading pairs, thus eliminating any risk of infection," but this content has since been deleted.

In a video released on the X platform, Dhanda confirmed that the vault was indeed segregated, but also acknowledged that Jupiter Lend had re-collateralized assets. Last week, Solana lending platform Kamino blocked Jupiter Lend's migration tool due to concerns that its risk models were misleading to users, and its co-founder also publicly criticized Jupiter's risk statements. (The Block)

According to Odaily Planet Daily, on-chain analytics platform CryptoQuant points out that the Bitcoin SOPR ratio (LTH-SOPR / STH-SOPR) has fallen back to 1.35, the lowest level since early 2024, coinciding with the price pullback to $89,700. Typically, a high ratio indicates that long-term holders (LTH) are actively profiting compared to short-term holders (STH); however, this significant drop shows that selling pressure from older coins has clearly weakened, and the actual profit gap between the two groups is narrowing, indicating the market is entering a new round of "reset."

CryptoQuant states that historically, when this indicator falls to similar levels during a bull market, it often signifies that the sell-off is nearing its end. If the ratio stabilizes or rebounds around 1.35, it may indicate that a local bottom is gradually forming, laying a healthier foundation for subsequent market movements.

According to an article by Eric Balchunas, a Bloomberg ETF analyst, Bitcoin's performance this year is largely a natural pullback from last year's exceptionally strong surge. Bitcoin rose 122% in 2024, roughly five times the growth of other assets. Therefore, even if it trades sideways or experiences a slight correction in 2025, as long as it maintains an average annual gain of around 50%, this "cooling-off period" is normal. He stated that the market has overreacted to Bitcoin's pullback, and similar situations are quite common in traditional assets such as stocks.