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social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10)

[Social media platform "X" has been fined €120 million by the European Union for violating content regulations.]social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10)

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

seven departments including the China Internet Finance Association issued risk warnings on preventing illegal activities involving virtual currencies. "Recently, concepts related to virtual currencies have rapidly heated up. Some criminals have taken this opportunity to promote related trading speculation activities, using the guise of stablecoins, air coins (such as π coins), real-world asset (RWA) tokens, and 'mining' to carry out illegal fundraising, pyramid schemes, fraud, and other illegal activities. They also use virtual currencies to transfer illegal criminal proceeds, seriously infringing on the property safety of the public and disrupting the normal order of the economic and financial system. To further implement the requirements of the People's Bank of China, the Financial Regulatory Bureau, the China Securities Regulatory Commission, and other departments in the announcements on 'Preventing Risks of Token Issuance Financing' and 'Further Preventing and Handling Risks of Virtual Currency Trading Speculation,' and to implement the spirit of the coordination mechanism meeting on cracking down on virtual currency trading speculation, the China Internet Finance Association, China Banking Association, China Securities Association, China Securities Investment Fund Association, China Futures Association, China Listed Companies Association, and China Payment and Clearing Association jointly issued relevant risk warnings."

[Seven departments, including the China Internet Finance Association, issued a risk warning regarding preventing illegal activities involving virtual currencies.]seven departments including the China Internet Finance Association issued risk warnings on preventing illegal activities involving virtual currencies. "Recently, concepts related to virtual currencies have rapidly heated up. Some criminals have taken this opportunity to promote related trading speculation activities, using the guise of stablecoins, air coins (such as π coins), real-world asset (RWA) tokens, and 'mining' to carry out illegal fundraising, pyramid schemes, fraud, and other illegal activities. They also use virtual currencies to transfer illegal criminal proceeds, seriously infringing on the property safety of the public and disrupting the normal order of the economic and financial system. To further implement the requirements of the People's Bank of China, the Financial Regulatory Bureau, the China Securities Regulatory Commission, and other departments in the announcements on 'Preventing Risks of Token Issuance Financing' and 'Further Preventing and Handling Risks of Virtual Currency Trading Speculation,' and to implement the spirit of the coordination mechanism meeting on cracking down on virtual currency trading speculation, the China Internet Finance Association, China Banking Association, China Securities Association, China Securities Investment Fund Association, China Futures Association, China Listed Companies Association, and China Payment and Clearing Association jointly issued relevant risk warnings."

Seven departments, including the China Internet Finance Association, issued a risk warning regarding preventing illegal activities involving virtual currencies.

&nbsp;Aave community, through a temperature check vote on adjusting the V3 multi-chain deployment strategy, achieved a support rate of 99.96%. The proposal suggests shutting down Aave V3 deployments on zkSync, Metis, and Soneium, and setting a $2 million revenue threshold for new deployment chains. The Aave community will subsequently release a standard ARFC proposal.

[The temperature check vote for Aave's "Adjusting V3 Multi-Chain Deployment Strategy" has passed, and the ARFC proposal will be released subsequently.]&nbsp;Aave community, through a temperature check vote on adjusting the V3 multi-chain deployment strategy, achieved a support rate of 99.96%. The proposal suggests shutting down Aave V3 deployments on zkSync, Metis, and Soneium, and setting a $2 million revenue threshold for new deployment chains. The Aave community will subsequently release a standard ARFC proposal.

The temperature check vote for Aave's "Adjusting V3 Multi-Chain Deployment Strategy" has passed, and the ARFC proposal will be released subsequently.

&nbsp;according to Lookonchain monitoring, a whale (0x4825...61f4) bought 24,000 ETH 5 months ago at a price of $2,529, spending 60.7 million USDC. The whale's unrealized profit has dropped from a peak of over $55 million to $14.4 million but has not sold yet. 2 hours ago, the whale staked all 24,000 ETH.

[A whale holding 24,000 ETH has pledged all of its holdings.]&nbsp;according to Lookonchain monitoring, a whale (0x4825...61f4) bought 24,000 ETH 5 months ago at a price of $2,529, spending 60.7 million USDC. The whale's unrealized profit has dropped from a peak of over $55 million to $14.4 million but has not sold yet. 2 hours ago, the whale staked all 24,000 ETH.

A whale holding 24,000 ETH has pledged all of its holdings.

&nbsp;International Monetary Fund warned on Thursday that stablecoins may accelerate currency substitution in countries with weak monetary systems, thereby weakening central banks' control over capital flows. The IMF stated that the rise of dollar-backed stablecoins and their convenient cross-border use may encourage people and businesses in economically unstable regions to prefer using dollar stablecoins over local currencies.

[IMF: Stablecoins could accelerate currency substitution and weaken central bank control.]&nbsp;International Monetary Fund warned on Thursday that stablecoins may accelerate currency substitution in countries with weak monetary systems, thereby weakening central banks' control over capital flows. The IMF stated that the rise of dollar-backed stablecoins and their convenient cross-border use may encourage people and businesses in economically unstable regions to prefer using dollar stablecoins over local currencies.

IMF: Stablecoins could accelerate currency substitution and weaken central bank control.

according to market sources: Japanese Bitcoin treasury company Metaplanet announced that it has raised 50 million US dollars, planning to use it to purchase more Bitcoin.

[Japanese publicly traded company Metaplanet announced it will raise $50 million to purchase Bitcoin.]according to market sources: Japanese Bitcoin treasury company Metaplanet announced that it has raised 50 million US dollars, planning to use it to purchase more Bitcoin.

Japanese publicly traded company Metaplanet announced it will raise $50 million to purchase Bitcoin.

&nbsp;according to Bitcoin mining company Cango, the company mined 130.7 BTC this week, bringing its total Bitcoin holdings to 7033.1 BTC.

[Bitcoin mining company Cango mined 130.7 BTC this week, bringing its total holdings to 7033.1 BTC.]&nbsp;according to Bitcoin mining company Cango, the company mined 130.7 BTC this week, bringing its total Bitcoin holdings to 7033.1 BTC.

Bitcoin mining company Cango mined 130.7 BTC this week, bringing its total holdings to 7033.1 BTC.

QwQiao, co-founder of Alliance DAO, posted on social media stating that in the past few hundred years, no technological revolution—whether steam engine, electricity, or computers—has changed the long-term per capita GDP growth rate of 2%. Therefore, it is unlikely that we can get rid of debt through artificial intelligence and robots. The money printing machine must continue to operate.

[Alliance DAO co-founder: AI and robots cannot help the US escape its debt; the printing press must keep running.]QwQiao, co-founder of Alliance DAO, posted on social media stating that in the past few hundred years, no technological revolution—whether steam engine, electricity, or computers—has changed the long-term per capita GDP growth rate of 2%. Therefore, it is unlikely that we can get rid of debt through artificial intelligence and robots. The money printing machine must continue to operate.

Alliance DAO co-founder: AI and robots cannot help the US escape its debt; the printing press must keep running.

On December 5th, according to Bloomberg, cryptocurrency exchange operator HashKey Holdings Ltd. plans to start accepting subscription orders from investors for its Hong Kong initial public offering as early as next week. According to insiders, HashKey aims to raise at least $200 million in this IPO and plans to complete the listing as early as this month. However, insiders stated that specific details such as the IPO size and timing may still change.

[Bloomberg: HashKey aims to raise at least $200 million and plans to launch its IPO investor subscription as early as next week.]On December 5th, according to Bloomberg, cryptocurrency exchange operator HashKey Holdings Ltd. plans to start accepting subscription orders from investors for its Hong Kong initial public offering as early as next week. According to insiders, HashKey aims to raise at least $200 million in this IPO and plans to complete the listing as early as this month. However, insiders stated that specific details such as the IPO size and timing may still change.

Bloomberg: HashKey aims to raise at least $200 million and plans to launch its IPO investor subscription as early as next week.

&nbsp;Аналитик CryptoQuant @AxelAdlerJr, комбинируя индикаторы сигналов Bitcoin на блокчейне, заявил, что текущий рынок вошел в глубокую фазу корректировки, которая длилась год в предыдущем цикле. Текущий максимальный спад Bitcoin от его исторического максимума составляет -32%, находясь в средней зоне между глубокой коррекцией и дном рынка. Если макроэкономические и блокчейн-сигналы не улучшатся, существует риск продолжения снижения рынка.

[CryptoQuant: Рынок вошел в фазу структурной корректировки, и вероятность продолжения снижения остается высокой.]&nbsp;Аналитик CryptoQuant @AxelAdlerJr, комбинируя индикаторы сигналов Bitcoin на блокчейне, заявил, что текущий рынок вошел в глубокую фазу корректировки, которая длилась год в предыдущем цикле. Текущий максимальный спад Bitcoin от его исторического максимума составляет -32%, находясь в средней зоне между глубокой коррекцией и дном рынка. Если макроэкономические и блокчейн-сигналы не улучшатся, существует риск продолжения снижения рынка.

CryptoQuant: Рынок вошел в фазу структурной корректировки, и вероятность продолжения снижения остается высокой.

China Ignores Mining Ban, Accounts for 14% of Global Hashrate: Fuels Bitcoin Hyper

Europe’s Largest Asset Manager Debuts First Ethereum-Based Tokenized Fund

CryptoQuant: Рынок вошел в фазу структурной корректировки, и вероятность продолжения снижения остается высокой.

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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