the market shows that AAVE has fallen below $280 and is now reported at $279.95, with a 24-hour increase of 8.05%. The market is volatile, so please take appropriate risk control measures.

On December 7th, Bitwise saw a large outflow of BTC. According to Arkham monitoring data, approximately 18 hours ago, 2,583 BTC flowed out of Bitwise's Bitcoin exchange-traded fund BITB Bitcoin ETF to an unknown address starting with bc1q4, with a value of up to $257.15 million.

Celestia co-founder Nick White stated on social media that the core of blockchain is verifiability, with the aim of freeing us from committees and intermediaries. A more decentralized committee is still a committee.

the market shows ETH has fallen below $4,000 and is now trading at $3,999.51, with a 24-hour increase of 3.54%. The market is fluctuating greatly, so please be prepared for risk control.

On December 7th, according to Mobile Payment Network, the Office of the Standing Committee of the Shanghai Municipal People's Congress announced that the 17th meeting of the 16th Standing Committee of the Shanghai Municipal People's Congress reviewed the "Several Provisions on Promoting the Application of Blockchain to Empower Electronic Documents in Pudong New Area, Shanghai (Draft)". In order to further promote legislative democracy, the draft regulations and related explanations are now publicly announced to solicit opinions from the society, so as to further study and modify them, and then submit them to the future Standing Committee meetings for review. The "Several Provisions on the Application of Electronic Documents" support the integration of the digital RMB system into the blockchain infrastructure, and promote the use of digital RMB in various application scenarios such as electronic document certification, pricing, payment, settlement, and investment and financing. In addition, the "Several Provisions on the Application of Electronic Documents" also state that relevant departments will promote the management and sharing of various electronic certificates and documents generated by their performance relying on blockchain infrastructure.

Arkham shared in a post on December 6th that BlackRock's ETF purchased over $500 million worth of Ether in the past week, and its ETH holdings doubled in the past month.

Whale Alert monitors showed that at around 19:41 Beijing time, an address that holds 870,019 DOGE (worth $391,889) was activated after being dormant for 11 years.

On December 7th, according to official sources, Megabit officially launched the LDO USDT perpetual contract with up to 75x leverage at 20:00 (UTC+8).

Austin Federa, the strategic director of the Solana Foundation, has left the project and co-founded a new protocol and network aimed at managing high-performance, permissionless networks. Federa stated that his new project, DoubleZero, is not a Layer 1 or Layer 2 protocol, but rather something completely different - an N1, a new global base layer network optimized for blockchain, with the hope of increasing bandwidth and reducing latency.

as Bitcoin surpassed $100,000, CZ reposted an old post on X platform from 2021: if selling BTC below $100,000, one should give themselves a slap; in addition, CZ had previously posted similar content in 2019: if selling BTC below $10,000, one should give themselves a slap.

a price of $100,000 per bitcoin would push its market value close to $2 trillion, ranking it just behind Apple, Nvidia, Microsoft, Amazon, and Google's parent company Alphabet in terms of market capitalization. Additionally, the market value of bitcoin even surpasses government bond markets in countries such as Spain and Brazil, and is close to the entire market capitalization of the FTSE 100 index (the top 100 companies on the London Stock Exchange). (Jinse)

nearly one-third of the "30 under 30" financial figures in Forbes 2025 list in the North American crypto industry are occupied by the younger generation, including 14 founders from 9 crypto or blockchain related companies. The founders of cryptocurrency companies (10 males and 4 females) occupy 9 out of 30 seats in the financial category of the annual list released by Forbes on December 4th (some rankings are the same). The list aims to list at least 30 North American business leaders under the age of 30 in each category, such as finance and technology.

 Australian Securities and Investments Commission (ASIC) has released a consultation paper suggesting updates to its regulatory guidelines for digital assets, with a focus on compliance requirements under the Corporations Act. The revisions to Information Sheet 225 (INFO 225) include 13 worked examples aimed at clarifying when digital assets qualify as financial products, such as stablecoins, packaged tokens, and staking services. In these examples, ASIC outlines scenarios involving exchange tokens, interest-bearing stablecoins, and tokenized assets such as concert tickets. The draft guidance proposes that classification depends on "inherent rights, interests, expectations, and product features that are offered together with the token." ASIC encourages cryptocurrency companies to apply for an Australian Financial Services License, providing them with a safe harbor from legal action.

according to market news: Elon Musk's xAI company plans to expand its artificial intelligence supercomputer on a large scale in Memphis. (Jinshi)

Binance co-founder He Yi wrote in a post: "I am very happy to witness Bitcoin breaking through the $100,000 mark! This incredible milestone proves the collective efforts and dedication of our amazing community. Every participant on this journey has played a crucial role in shaping the industry we see today. Thank you all for your unwavering support of Binance. Let us continue to build, HODL, work together, and move towards the next growth era of the cryptocurrency world. The future is bright!"

Botanix Labs, a L2 platform specifically built for Bitcoin-native DeFi, has announced the launch of the Aragog testnet, marking the latest testnet version of its Spiderchain Bitcoin L2. Aragog replaces the v0 testnet launched in November 2023 and includes "mainnet pre-deployment" of multiple Bitcoin-native applications. The Botanix team stated in a press release that the Aragog testnet brings blockchain solutions closer to its planned mainnet launch in 2025.

ARK Invest CEO Cathie Wood posted on social media that today is a great day for Bitcoin and digital property. Incoming SEC Chairman Paul Atkins will release the constraints on digital assets imposed by Gary Gensler, protecting private property rights in the digital world.

According to official announcement, Coinbase has launched Solana chain Meme coin MOODENG. If liquidity conditions are met, trading will start at 9 am (Pacific Time) or later on December 4, 2024.

 as monitored by The Data Nerd, 1 hour ago, GSR deposited 280 million RSR (approximately 6.66 million US dollars) into Binance. Within 24 hours, they deposited another 265.26 million RSR (10.82 million US dollars) into Binance.