Odaily Planet Daily reports that Charlie Noyes, a general partner at crypto venture capital firm Paradigm, announced in a post on the X platform that he has resigned from his position. However, he will continue to participate in Kalshi affairs as a board observer alongside Paradigm founder Matt Huang, and will also provide support to Paradigm's portfolio companies and founders. Charlie Noyes joined Paradigm at the age of 19 as the firm's first employee and was promoted to general partner in February of this year.
According to Odaily Planet Daily, Yuzhi Financial, operating under the guise of "virtual asset copy trading," has been exposed for allegedly attracting investors with high returns. Recently, multiple investors have reported difficulties withdrawing funds from its virtual asset trading app, "HSEX." The platform subsequently demanded users pay a "self-certification margin" of 20% of their total account balance and increased withdrawal fees from 10% to 30%. Previously, the Joint Office for Preventing and Combating Illegal Financial Activities in Xinyi City, Guangdong Province, the Leading Group Office for Preventing and Combating Illegal Financial Activities in Yulin City, Guangxi Zhuang Autonomous Region, and the Financial Affairs Center of Shigu District, Hengyang City, Hunan Province, had all issued relevant risk warnings. The Hong Kong Stock Exchange also disclosed that Yuzhi Financial and its related websites, HSEX and HKEX, have been repeatedly listed as suspicious websites and have no connection with the Hong Kong Stock Exchange. Industry insiders point out that such projects lack real-world business support and rely on promises of high returns and referral bonuses as their core characteristics. Investors are advised to be wary of the high-yield temptations in the virtual asset sector and guard against illegal financial risks. (Economic Observer)
According to Odaily Planet Daily, in an interview this week, Trump stated that his administration is actively promoting the attraction of billions of dollars in investment to the United States, believing that such funds will help improve and reshape the structure of the American economy. However, Trump also admitted that some economic policies have not yet fully taken effect, making it difficult to judge whether these measures will translate into a political advantage for the Republican Party in next fall's midterm elections.
Trump pointed out that it remains uncertain whether the Republicans will retain control of the House of Representatives after the midterm elections, and the election results will be influenced by multiple factors, including the pace of economic policy implementation and voter sentiment. (Wall Street Journal)
1. NYDIG: The initial benefits of stock tokenization to crypto networks are limited, but will gradually increase if decentralized integration is achieved;
2. Crypto startups raised approximately $176 million this week, with VCs showing a preference for "sustainable business models";
3. Ethereum Prysm client experiences mainnet incident: resource exhaustion leads to large-scale missing blocks and witnesses;
4. The son of a Ukrainian deputy mayor was kidnapped and murdered by a classmate because of his cryptocurrency assets. The suspect forced him to reveal his wallet password before setting the house on fire to silence him.
5. Glassnode co-founder analyzes the impact of Japan's interest rate hike: Bitcoin will flourish after policy pressure.
6. Moonbirds plans to issue its token BIRB on Solana in Q1 2026, positioning it as a "Web3 version of Pop Mart";
7. Pudgy Penguins launched its brand advertising campaign at Sphere Las Vegas during Christmas week;
8. Aevo: The former Ribbon Legacy DOV vault was attacked, resulting in a loss of approximately $2.7 million;
9. A “BTC-to-ETH whale” exchanged BTC for $176 million worth of ETH across chains within 19 days.
Odaily Planet Daily reports that Orange Cap Games CEO Spencer, speaking at the Solana Breakpoint conference, announced that Moonbirds plans to issue its token BIRB on the Solana network in the first quarter of 2026. Spencer also stated that the team aims to make Moonbirds the "Pop Mart of the Web3 industry," with a strategic focus on developing collectible assets, including a portfolio of digital and physical collectibles that combine on-chain and real-world (IRL) elements.
According to Odaily Planet Daily, Negentropic, co-founder of Glassnode, published an article on the X platform analyzing the impact of Japan's interest rate hike. He pointed out that what the market fears is not tightening, but uncertainty. Sometimes market volatility is actually an opportunity. The normalization of the Bank of Japan's policy has brought clarity to the global financial market. Bitcoin usually thrives after experiencing policy pressure.
Previous analyses have suggested that Japan's interest rate hike may not trigger risk aversion in the cryptocurrency market. Firstly, speculators currently hold a large net long (bullish) position in the yen, making a rapid reaction to the Bank of Japan's rate hike unlikely. Secondly, Japanese government bond yields have continued to climb this year, with both short-term and long-term yield curves reaching multi-decade highs. The upcoming rate hike reflects that official interest rates are catching up with the market, indicating a low probability of risk aversion at the end of the year.
According to Odaily Planet Daily, market data shows that FOLKS briefly surged above $40, reaching a high of $40.3, representing a daily increase of over 170%. As of press time, FOLKS is currently trading at $40.3, indicating significant intraday volatility; investors should be aware of the risks.
According to Odaily Planet Daily, the Prysm team released a mainnet incident recap report stating that during the Ethereum mainnet Fusaka session on December 4th, almost all Prysm beacon nodes ran out of resources while processing specific attestations, resulting in their inability to respond to validator requests in a timely manner and causing a large number of missing blocks and witnesses.
The incident affected epochs 411439 to 411480, a total of 42 epochs. 248 blocks were missing out of 1344 slots, a missing rate of approximately 18.5%. Network participation dropped to 75% at one point, and validators lost approximately 382 ETH in witness rewards. The root cause was that Prysm received attestations from nodes that might have been out of sync with the mainnet. These attestations referenced the block root of the previous epoch. To verify their validity, Prysm repeatedly replayed the old epoch state and performed costly epoch transitions, causing nodes to exhaust resources under high concurrency. The related defect originated from Prysm PR 15965, which had been deployed to the testnet a month prior but did not trigger the same scenario.
The official temporary solution was to enable the `--disable-last-epoch-target` parameter in version 7.0.0. Subsequent versions 7.0.1 and 7.1.0 included a long-term fix that uses head state to verify attestations, avoiding repeated replays of historical states. Prysm stated that the issue gradually subsided after 4:45 UTC on December 4th, with network participation recovering to over 95% by epoch 411480.
The Prysm team pointed out that this incident highlights the importance of client diversity. If a single client accounts for more than one-third of the total, it may lead to a temporary inability to terminate; if it exceeds two-thirds, there is a risk of an invalid termination chain. They also reflected on the issues of unclear communication regarding feature switches and the failure of the test environment to simulate large-scale asynchronous nodes, and will improve their testing strategies and configuration management in the future.
Despite the crypto market's decline from its October highs and the loss of approximately $1 trillion in market capitalization, venture capital firms still poured about $176 million into the crypto industry this week, covering 16 startups. DefiLlama data shows that total funding in the crypto sector so far in 2025 has exceeded $25 billion, significantly higher than the same period last year and far exceeding market expectations at the beginning of the year.
This week's major investors included Pantera Capital, Coinbase Ventures, and Digital Currency Group (DCG). Several industry insiders pointed out that the logic of capital allocation is changing; investors are gradually moving away from projects that rely solely on market sentiment and narrative-driven approaches, and are paying more attention to clear product positioning, genuine demand, and sustainable revenue models. Sebastián Serrano, CEO of the Argentine cryptocurrency exchange Ripo, stated that projects with clear product-market fit and stable cash flow are more likely to secure funding in the current environment.
Specifically, cross-chain infrastructure project LI.FI completed a $29 million funding round this week. Its protocol integrates multiple cross-chain bridges and decentralized trading aggregators, and plans to use the funds to expand infrastructure for AI agents and stablecoin scenarios, as well as to advance the intent and solver market, scheduled for launch in Q1 2026. Real Finance also completed a $29 million private funding round. This project builds an institutional-grade L1 blockchain based on the Cosmos architecture, focusing on compliant real-world asset tokenization, aiming to bring approximately $500 million worth of assets onto the chain in the short term. Another key project, TenX Protocols, completed a $22 million funding round and has already listed on the Toronto Stock Exchange Venture Exchange. Its business covers staking, validator nodes, and digital asset treasury services for multiple high-performance public chains. The current funding structure reflects the market's continued interest in "infrastructure-type" and "institution-friendly" projects. Even with overall market pressure, capital is still willing to pay for projects with long-term competitiveness and clear business paths. (DL News)
According to Greg Cipolaro, Global Head of Research at NYDIG, the tokenization of real-world assets (RWAs) such as stocks will have limited direct benefits for the crypto market and blockchain networks in the early stages, but their long-term value is expected to be gradually realized as accessibility, interoperability, and composability improve.
Cipolaro points out that in the short term, the main revenue of blockchain networks comes from transaction fees generated by tokenized assets, as well as the network effects accumulated from the custody of these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, and enter DeFi scenarios as collateral, lending assets, or trading instruments, the benefits to related networks will significantly increase.
He believes that tokenization is becoming an important trend. As the regulatory environment becomes clearer and infrastructure continues to improve, the on-chain use cases for RWAs such as stocks are expected to expand. However, the forms of tokenized assets currently vary greatly, and most still rely on compliance structures in the traditional financial system, such as KYC, whitelisted wallets, and transfer agents, which limits their combinability.
Cipolaro also points out that while the current economic impact on traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve wider democratization, their reach and on-chain value capture capabilities will be significantly enhanced, making them worthy of continued attention from investors. (Cointelegraph)
According to Odaily, Pudgy Penguins will be running a multi-day brand advertising campaign at the iconic Sphere venue in Las Vegas during Christmas week. The campaign, which will run from December 24th, includes multiple animated segments and has a total cost of approximately $500,000, within the Sphere's standard advertising price range.
The report states that Sphere, a large venue renowned for its immersive LED displays, has historically only seen a handful of crypto-related brands advertising there. While a Bitcoin-themed display appeared in July of this year, other cases are relatively rare. Pudgy Penguins' recent campaign is seen as a significant step in strengthening its offline brand exposure and reaching a wider audience beyond the crypto community.
Launched on Ethereum in 2021, Pudgy Penguins initially gained popularity with its 8,888-coin cartoon penguin NFT series. After a change in management, the project gradually expanded into physical toy retail and the browser-based social game Pudgy World. The project team stated that its business is no longer limited to NFTs themselves, but is transforming into a broader consumer brand. (CoinDesk)
According to Odaily Planet Daily, a car arson and murder case related to cryptocurrency occurred in Vienna, Austria, at the end of November. Local police disclosed that two suspects were recently apprehended in Ukraine. The victim was Danila Kuzmin, the 21-year-old son of Sergei Kuzmin, the deputy mayor of Kharkiv, Ukraine.
Police investigations revealed that the suspects' motive was to obtain the victim's cryptocurrency wallet passwords. While studying in Vienna, Daniela had revealed her father's identity and information about her family's cryptocurrency assets to one of the suspects. Subsequently, Daniela was attacked in the underground parking lot of the Sofitel Hotel in Vienna, forcibly taken away, and held captive in a car for several hours, during which she was subjected to continuous beatings and torture until she handed over the passwords to two cryptocurrency wallets.
Vienna police confirmed that large sums of money were subsequently transferred from Daniela's cryptocurrency wallet. After emptying her cryptocurrency assets, the suspect abandoned Daniela in the back seat of a vehicle and set it on fire. The burned Mercedes-Benz had Ukrainian license plates and was registered under the names of her family members.
The two suspects were subsequently identified as 45-year-old Oleksiy Agoyev, a former Ukrainian customs official, and 19-year-old Bogdan Reynzhuk, the stepson of Oleksiy Irazhuk, the Ukrainian ambassador to Bulgaria. Police seized a large amount of US dollars in cash from the suspects during the arrest; Agoyev was carrying nearly $90,000. The case is still under further investigation.
1. Negotiations on the U.S. crypto market structure bill are ongoing, and the legislative process may be delayed until January next year;
2. Strategy has safely navigated the current adjustment of the Nasdaq 100 index, but still faces the potential risk of being removed from the MSCI index;
3. Michael Saylor responded to Strategy's decision to retain its Nasdaq 100 index, stating that the company will continue to increase its Bitcoin holdings;
4. The CEO of Strategy stated that even if the market enters a bear market cycle, the company remains confident in its long-term strategy;
5. An international law firm partner pointed out that 2025 will be a trial period for crypto companies to IPO, while 2026 will be the key year to test their sustainability;
6. The U.S. Securities and Exchange Commission (SEC) issued guidance on cryptocurrency custody, systematically outlining wallet types and their main risks;
7. "Bitcoin Rodney," the mastermind behind the HyperFund crypto scam, has been charged with additional wire fraud and could face decades in prison.
8. Exor explicitly refused to sell its controlling stake in Juventus, and Tether's takeover offer was rejected;
9. A cryptocurrency exchange shop in Mong Kok, Hong Kong, has been suspected of being robbed; police have launched an investigation.
10. A report by Galaxy Research shows that Tether's current lending volume has exceeded $14 billion, making it the largest CeFi lender.
According to Odaily Planet Daily, Aevo (formerly Ribbon Finance) announced that its Ribbon Legacy DOV vault was attacked yesterday due to a smart contract update vulnerability, resulting in a loss of approximately $2.7 million. The team immediately launched an investigation to identify the root cause of the vulnerability and is collaborating with centralized exchanges and security partners to track and flag the stolen funds.
Aevo stated that although the attackers bypassed the existing Immunefi vulnerability bounty mechanism, a white-hat negotiated solution remains open. The official statement also emphasized that this incident did not affect the Aevo exchange or its staking users, and the platform remains secure and operating normally.
Regarding depositors at the Ribbon Legacy vault, Aevo stated that it is developing a follow-up plan and expects to release further updates within 24 hours, as well as a full incident review report later.
According to crypto analyst EmberCN, since November 25th, a major whale has exchanged 1,972 BTC for 58,148 ETH via THORChain, a total value of $176 million, with an average cost of $3,028 per ETH. Today, the whale continued its cross-chain exchange, converting 340 BTC into 9,784 ETH, worth $30.42 million.
According to Odaily Planet Daily, a suspected attempted robbery occurred at a cryptocurrency exchange shop in Mong Kok, Hong Kong, on the evening of December 13. Police received a report from a security guard at around 8 pm that evening, indicating a suspected robbery had taken place in the stairwell of a shopping mall at 608 Nathan Road.
Preliminary police investigations indicate that the 46-year-old male victim was the owner of a cryptocurrency exchange shop at the aforementioned location. He was preparing to close up shop when two men suddenly demanded he open the door, allegedly attempting a robbery. A third man, suspected to be an accomplice, then appeared. The victim and his wife became entangled with the three men, during which the victim sustained a finger injury and was taken to Kwong Wah Hospital for treatment. He was conscious upon arrival at the hospital.
Police arrived at the scene and preliminarily believe the victim suffered no property loss. They are currently reviewing CCTV footage and searching for the suspect. The shop in question is located on the first floor of the W Plaza Presidential Commercial Building. Small amounts of blood were found on the staircase leading to Soy Street. The case is still under investigation. (Ming Pao)
