According to Lookonchain, a newly created wallet (0x36ED...C889) has just withdrawn 42,225 ETH from Binance, worth $120 million.

According to an official announcement, the third phase of the Gate GUSD minting event, exclusively for new users, will run from 17:00 on December 1st to 16:00 on December 15th (UTC+8). Eligible new users who earn on-chain tokens can participate in GUSD minting and enjoy annualized rewards of up to 100%. No complicated operations are required; simply mint and hold to immediately earn interest.

In addition, the seventh phase of the 10,000 GUSD trading airdrop is now live. Complete tasks on designated trading pairs and you can win up to 320 GUSD per person. Plus, your first trade will earn you a 10 GUSD welcome gift, and daily check-ins unlock extra rewards.

Odaily Planet Daily reports that silver prices reached $58 per ounce for the first time, with a projected increase of 100% by 2025. (Solid Intel)

According to Odaily Planet Daily, in response to Arthur Hayes' questions about the operation of USDT, Joseph, former head of crypto research at Citibank, posted on the X platform that @CryptoHayes' analysis missed several key points:

1. Disclosing assets ≠ all corporate assets

USDT discloses its reserves using a "matching principle," but its undisclosed balance sheet includes equity investment income, mining operations, corporate reserves, and potential Bitcoin holdings, with remaining profits distributed to shareholders as dividends.

2. Extremely high profit margins and equity value

Tether holds $120 billion in U.S. Treasury bonds (with an annualized yield of 4%) and is projected to generate approximately $10 billion in annual net profit starting in 2023 (with only 150 employees), making it arguably the world's most efficient money-printing machine.

The equity valuation may reach US$500-1000 billion (the company recently planned to raise US$200 billion by selling 3% of its equity, which is an inflated valuation but the company is very strong).

3. Comparative Advantages of Bank-Level Reserves

Traditional banks maintain only 5-15% of their assets in liquidity, while USDT's collateral ratio is clearly higher.

Key difference: Banks have the support of central banks as lenders of last resort, while USDT relies on the liquidity of its own assets.

Conclusion: Tether will not collapse; on the contrary, it controls the most powerful profit engine in the crypto world.

Subsequently, Tether CEO Paolo Ardoino expressed his gratitude for the support in the comments section.

Odaily Planet Daily reports that Bitget has launched the second round of its zero-fee trading competition for on-chain US stocks. During the event, users will enjoy zero transaction fees when trading on-chain US stocks on the Bitget platform. Rankings will be based on cumulative trading volume for cryptocurrencies such as NVDAon, RIOTon, AMZNon, MARAon, and INTCon, with the top 261 participants each receiving an airdrop of 50-500 BGB.

Detailed rules have been published on the Bitget official platform. Users can participate in the event by clicking the "Join Now" button to complete the registration. The event will run from 19:00 on December 1st to 18:59 on December 4th (UTC+8).

According to CoinShares' latest weekly report, after four consecutive weeks of large-scale capital outflows, digital asset ETPs recorded a net inflow of $1.07 billion last week, mainly benefiting from the expectation of an imminent US interest rate cut brought about by comments from Federal Reserve member John Williams.

Despite sluggish trading volume during Thanksgiving week, the United States still led the world with nearly $1 billion in inflows.

Bitcoin, Ethereum, and XRP all saw strong inflows, with $464 million, $309 million, and a record $289 million, respectively.

According to Onchain Lens monitoring, a large whale (0xa88...3C1d) has been accumulating LINK tokens from OKX and Binance over the past six months. This whale purchased a total of 2.33 million LINK tokens at a cost of $38.86 million, which are currently worth $28.38 million, representing a paper loss of $10.5 million.

According to official news, Gate Alpha will launch its 118th GT points airdrop on December 1st at 18:00 (UTC+8). This airdrop will use a tiered airdrop model with different tiers. Users holding 130 ≤ Gate Alpha points ≤ 172 points can receive 0.5 GT airdrop tokens, which will consume 12 Gate Alpha points; users holding ≥ 173 Gate Alpha points can receive 2 GT airdrop tokens, which will consume 15 Gate Alpha points.

Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain. It also enables seamless trading of tokens across the entire chain through the contract address search function, opening up cross-chain transaction links and making all on-chain tokens available with a single click.

According to Odaily, the Japanese government and ruling party are adjusting their tax policy on cryptocurrency trading gains, planning to apply a uniform 20% income tax rate regardless of the transaction amount, treating it the same as other financial products such as stocks and investment trusts. This move aims to reduce the tax burden on investors and revitalize the domestic trading market. The Japanese government plans to replace the current comprehensive taxation method with a separate taxation approach, meaning that cryptocurrency trading gains will no longer be combined with other income such as wages and business income, but will be taxed separately. The government aims to include this adjustment in the 2026 tax reform outline, which is expected to be finalized by the end of the year. Currently, Japan uses a comprehensive taxation method for cryptocurrency trading gains, which combines them with other types of income and applies a tiered tax rate based on the total income amount, with the highest rate reaching 55%.

Japan's Financial Services Agency plans to submit an amendment to the Financial Instruments and Exchange Act to the Diet at its regular session in 2026, aiming to strengthen the strict regulation of cryptocurrency trading. The amendment will explicitly prohibit insider trading using undisclosed information and stipulate that cryptocurrency issuers must fulfill their information disclosure obligations. With the advancement of tax reforms, it is expected that investment trust products containing cryptocurrency components will also be deregulated in Japan.

According to Odaily Planet Daily, over 270 former users of Tokenize Xchange have filed a lawsuit against the platform's founder, Hong Qi Yu, and his wife, Erin Koo, accusing them of fraudulently misappropriating customer assets and seeking $60.5 million in damages.

A report by the interim judicial administrator appointed by the Singapore court states that AmazingTech owes customers approximately US$266.3 million, while its assets amount to only about US$2.6 million. The lawsuit filed in the Singapore High Court alleges that Hong Qi Yu and his wife are responsible for the funding shortfall.

Tokenize Xchange was a Singapore-based cryptocurrency exchange operated by AmazingTech. It ceased operations in July 2025 after the Monetary Authority of Singapore refused to grant it a digital payment token license.

According to Odaily Planet Daily, on-chain analyst Ai Yi reported that an address labeled "1011 Insider Whale" (0x411...11cb) pledged 55,340 ETH (worth $157 million) to Aave 10 minutes ago, and then borrowed 50 million USDT and deposited them into Binance.

According to official news, Bitget's US stock token transactions will be automatically executed on the BSC chain starting today. This upgrade only applies to Ondo series US stock tokens, such as NVDAon and TSLAon. This update aims to further reduce network costs, improve transaction speed, and provide more efficient infrastructure support for the rapidly growing demand for US stock tokens.

Meanwhile, the zero-fee trading promotion for US stocks, originally scheduled to end on December 6, has been extended to January 16, 2026. During this period, users trading US stock tokens on the Bitget platform will continue to enjoy the exclusive benefit of zero trading fees and no gas.

According to Onchain Lens, the government of the Kingdom of Bhutan transferred 175.44 ETH, worth $497,000, to another wallet, which is suspected to be linked to QCP Capital.

According to data from Coinglass, Bitcoin and Ethereum have historical 12-month average returns of +4.03% and +5.64%, respectively.

Bitcoin has had positive December returns in five of the past 13 years (2015, 2016, 2017, 2020, and 2023).

Ethereum has had positive December returns in four of the past 10 years (2017, 2018, 2020, and 2023).

According to Lookonchain monitoring, a swing trader (0xa96...6c0d) spent 5.37 million USDT to buy 422,064 LINK tokens at a price of $12.72 per coin seven hours ago. Since October 11, this trader has completed six LINK swing trades with a win rate of 67%, but has incurred a total loss of $1.24 million.