Zombit

According to reports from the Central News Agency, during last week's regular press conference of the Financial Supervisory Commission, the media raised concerns about many people engaging in transactions through overseas virtual currency traders and whether it is possible to regulate foreign operators. Huang Zhonghao, deputy director of the Securities and Futures Bureau of the Financial Supervisory Commission, stated that according to anti-money laundering regulations, foreign operators can apply for registration in Taiwan. He further explained that after the future virtual asset special law is passed, operators must obtain permission to conduct business solicitation in Taiwan; otherwise, it will be illegal.

According to official data from the Financial Supervisory Commission, businesses or individuals providing virtual asset services (VASP) that have not completed anti-money laundering registration with the competent authority are not permitted to offer virtual asset services. Currently, a total of 9 operators have completed registration, including: HOYA BIT, ZONE Wallet, MaiCoin/MAX, KryptoGO Transfer, TWEX, Chainss, Atrix, BitoPro, HzBit, and XREX.

The cryptocurrency venture capital market remained sluggish in November, continuing the slowdown trend since the second half of 2025, with funds mainly concentrated in a few mature large companies, while fundraising for new startup teams has clearly cooled.

According to data from Galaxy Digital, although the overall venture capital amount rose to $4.65 billion in the third quarter of this year, the number of transactions did not grow in sync, with funds still mainly flowing to larger and more mature enterprises.

The data for November continued the same trend. According to RootData's monthly report statistics, there were only 57 publicly announced crypto investment cases that month, making it one of the weakest months of the year. However, the month included two major financing cases, namely Revolut's $1 billion and Kraken's $800 million. RootData pointed out that investment cases in November were mainly concentrated in the three major areas of CeFi, DeFi, and NFT/GameFi.

The decentralized artificial intelligence network Bittensor is expected to experience its first halving event on December 14, marking the official end of its first four-year operational cycle. This critical event will reduce the daily issuance of its native token TAO from 7200 to 3600, and Grayscale analysts believe this will lead to an increase in the token's price.

Bittensor is a decentralized open network where anyone can create, train, and use AI. Projects built on this network are called subnets, and each subnet is a market focused on specific AI/ML services (such as text generation, translation, data storage, and AI agents). Currently, there are 129 active subnets on Bittensor, and miners contribute computational power to these subnets, while validators assess the quality of contributions and distribute TAO rewards.

Binance, the cryptocurrency exchange with the largest trading volume and user base globally, announced today that it has achieved a milestone regulatory accomplishment: the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has officially authorized the operation of Binance's global platform Binance.com under its comprehensive regulatory framework.

This global first regulatory approval is an important step for Binance in its commitment to build the most trusted and compliant digital asset ecosystem worldwide. The license issued by the FSRA of ADGM brings credibility to Binance and achieves seamless access to multiple markets outside the UAE, reinforcing Binance's leadership in the regulatory process of digital finance.

Although Bitcoin briefly dipped below $88,000 last night, Ethereum also touched the $2,900 level. However, the overall market quickly recovered in a short time, with many on-chain whales seizing this pullback to build long positions.

Insider whales are aggressively building positions

According to on-chain data, a trader, who was previously dubbed the "insider whale" by the community for successfully positioning short positions and making $200 million during the market crash triggered by the US-China tariff conflict on October 10, has started building a large long position in Ethereum since last night.

At the time of writing, the trader's total Ethereum holdings have reached 54,514.74 ETH, with an average price of $3,048.56, a nominal value of about $170 million, and an unrealized profit of about $4.2 million. Despite the large position, due to having $74 million in margin, the overall position leverage is not high, thus the liquidation price can be controlled at a safe level of $1,801.48.

"I once contributed to this industry, and I feel disgusted about it."

Original author: Aevo co-founder Ken Chan

Translated by: Odaily Planet Daily (@OdailyChina); Translator｜Azuma (@azuma_eth)

Editor's note: This weekend, an article by Aevo co-founder and CTO Ken Chan (@kenchangh) went viral online, titled (I Wasted 8 Years of My Life in Crypto).

Ken Chan's attitude in the article is extremely negative. He believes that the industry has lost its idealism and has turned into the largest super casino in human history, with the most participants, and feels disgusted that he once contributed to this casino. Although we do not agree with Ken Chan's viewpoint, there have been many industry practitioners who voiced their rebuttals after the article went viral. However, objectively speaking, his statement indeed exposes the deep issues of faith confusion and value collapse that exist in the current industry.

U.S. President Donald Trump officially took office at the beginning of this year, and part of the reason he is expected to win the 2024 election is believed to stem from voters' expectations of his commitment to a 'cryptocurrency-friendly government'.

After taking office, the Trump administration did indeed take a series of significant actions to support the cryptocurrency industry, including signing an executive order to revoke the relevant policies from the Biden era, establishing the 'Presidential Working Group on Digital Asset Markets', and explicitly prohibiting the issuance of a U.S. CBDC (Central Bank Digital Currency). The government also assisted in promoting the (GENIUS Act) — the first federal legislation regulating stablecoins in the U.S., and withdrew multiple enforcement cases against cryptocurrency companies.

While the short-term market in cryptocurrency is filled with uncertainty, a significant shift that could impact the future financial structure is taking shape—SEC Chairman Paul Atkins recently stated that the entire U.S. financial market could migrate to blockchain technology supporting Bitcoin and crypto assets in as little as two years.

SEC Chairman: Financial markets will be fully on-chain in 'the fastest two years'

Paul Atkins stated in an interview with Fox Business:

The future financial world will definitely move towards blockchain, not just in ten years, but possibly within just two years.

Short-term trend uncertainty is high

Bitcoin prices weakened significantly by the end of the weekend, dropping $2,000 in two hours and briefly falling below $88,000, before rebounding above $90,000. However, short-term traders remain cautious about Monday's trend. Analyst Killa pointed out that Monday often determines the important high and low points for the entire week. If there is no rise over the weekend, Monday is more likely to form the 'low point of the week'; but if there is a big rise over the weekend, Monday is more likely to form the 'high point of the week'.

At the same time, this week's focus remains on the upcoming FOMC meeting of the Federal Reserve (Fed). The market is generally betting that the Fed will announce a 0.25% interest rate cut, an event that has historically been a significant risk point for the cryptocurrency market. Historically, Bitcoin often suffers selling pressure in the lead-up to the FOMC meeting, rebounding sharply after the decision is announced.

The cryptocurrency asset management firm CoinShares stated that the bubble of digital asset treasury companies (DAT) has largely burst. Some companies traded at 3 to 10 times their market net asset value (mNAV) in the summer of 2025, but have now significantly fallen back to about 1 time or even below, causing a severe repricing for a trading model that once viewed token treasuries as a growth engine.

CoinShares' research director James Butterfill wrote in a blog post that the next key trend depends on corporate behavioral choices: either a price drop triggers a wave of disorderly sell-offs, or companies choose to continue holding their positions, waiting for a market rebound.

The institutional division of the American cryptocurrency exchange Coinbase believes that the cryptocurrency market may be ready for a recovery in December, as liquidity is improving and macroeconomic conditions are shifting in favor of risk assets like Bitcoin.

Coinbase Institutional pointed out in a market report that the probability of the Federal Reserve announcing an interest rate cut next week is rising, which is a core factor driving the market. In the prediction market Polymarket, the probability of a 25 basis point rate cut is priced by market participants at 93%, while the CME FedWatch tool indicates it at 86%.

At the end of last month, a shocking kidnapping and extortion case occurred in New Taipei City. A cryptocurrency trading influencer with the surname Chen was invited by fans to a café to share investment insights, but unexpectedly fell into a premeditated kidnapping trap, was beaten by three suspects, forced into a car, and compelled to hand over approximately 5.5 million New Taiwan dollars worth of USDT. After receiving the report, the police quickly investigated and arrested two suspects within 24 hours.

Fan interaction became bait, and he was beaten by three people and kidnapped.

According to the victim, the cryptocurrency influencer with the surname Chen later explained on social media that the suspects pretended to be fans and interacted with him for a long time, repeatedly expressing a desire to learn trading techniques in person. Chen ultimately agreed, and the two sides arranged to meet at a café on the evening of November 29. The atmosphere of their nearly hour-long exchange was harmonious, with no signs of anything unusual.

Korean blockchain venture capital firm Hashed stated that the cryptocurrency market has finally begun to shift from narrative-driven to truly effective products and structures. As stablecoins become the global settlement rails and AI agents rise as autonomous economic participants, 2026 will be the year when digital assets start to behave more like an economy, rather than just a speculative asset class, which will also redefine where capital truly deserves to be invested.

In its (Protocol Economy 2026) report (which is also the company's annual investment thesis), Hashed believes that Asia is the first stage where this transformation is emerging: regulated stablecoin pilots, early AI agent deployments, and the continuously expanding on-chain real-world assets (RWA) and treasury operations are collectively forming the first batch of on-chain enterprise systems.

Bitwise's Chief Investment Officer Matt Hougan stated that even if MicroStrategy's stock price drops, the company will not be forced to sell Bitcoin, and the notion that it might 'sell coins to survive' is fundamentally incorrect.

MSTR will not be forced to sell coins

Matt Hougan emphasized in comments released on Tuesday that even if MSTR's market price falls below its net asset value (NAV) in Bitcoin, it would not trigger any forced selling mechanisms, especially under Chairman Michael Saylor's steadfast belief in Bitcoin.

If MSTR is forced to sell $60 billion worth of Bitcoin all at once, it would indeed have a huge impact on the market—equivalent to two years of net inflows for Bitcoin ETFs.

Blockchain lending company Figure Technology Solutions announced on Thursday the establishment of the 'RWA Alliance' to advance its vision of bringing capital markets on-chain. Through collaboration with multiple crypto platforms, the alliance aims to support and promote the adoption of liquid staking token PRIME, extending real-world asset (RWA) returns from the Provenance blockchain to other Layer 1 networks and reaching general users.

Figure indicates that although on-chain RWA is becoming increasingly popular, the truly available real-world returns have historically been locked within banks and accredited investors. The newly established RWA alliance will start from Solana, allowing regular DeFi users to access Figure's on-chain lending volume of over 1 billion dollars each month.

Recently, Openrouter released an AI research report (State of AI), which superficially reviews the AI market of 2025, but is actually more like a 'behavioral data record'. It does not discuss model architecture, but rather presents the real usage records of over 100 trillion tokens (fragments generated by AI models when processing language), laying bare how developers and users actually utilize AI in the real world.

AI User Behavior Shift: Reasoning, Tools, and Long Contexts Become the New Normal

In 2025, the AI world will experience a 'structural shift in user behavior'. Over the past two years, most people viewed large language models (LLMs) as enhanced search engines or writing tools; however, the (State of AI) research report written by OpenRouter, based on real usage data of over 100 trillion tokens, indicates that the positioning of LLMs is rapidly transforming from single-step generation tools to 'Agentic systems' capable of integrating tools, planning steps, and analyzing large contexts.

Author: Frank, PANews

During the closing segment of Binance Blockchain Week, Binance founder Zhao Changpeng (CZ) engaged in an in-depth face-to-face debate with the famous 'Bitcoin skeptic' and gold advocate Peter Schiff. During this dialogue, the two engaged in intense discussions around gold and Bitcoin from multiple dimensions, including value storage, trading attributes, and forms of currency.

Surprisingly, this long-time critic of cryptocurrency, economist Peter Schiff, has taken the stage with his own 'tokenized project.'

According to the latest research by hardware wallet provider Ledger, a chip widely used in smartphones has a 'non-repairable' security vulnerability that could allow attackers to gain full control of the device and steal the private keys of cryptocurrency wallets stored on the phone.

Compromising the chip to gain control of the phone

In a report released on Wednesday, Ledger stated that they successfully executed an attack on MediaTek's 'Dimensity 7300 (MT6878)' chip, bypassing all security protections and gaining complete, absolute control of the smartphone.

predict.fun has achieved a key innovation: the funds users participate with in predictions are no longer idle, but can generate additional income during the prediction period.

Original Title: (Partnering with CZ for reconciliation, dingaling re-launches prediction platform predict.fun)

Original Author: Golem, Odaily Planet Daily

On December 4, Binance founder CZ announced that the new prediction platform predict.fun incubated by YZi Labs will soon launch on the BNB Chain. Unlike traditional prediction markets such as Polymarket and Kalshi, predict.fun has achieved a key innovation: the funds users participate with in predictions are no longer idle, but can generate additional income during the prediction period.

Bitcoin (BTC) on Thursday retraced overnight gains during US trading hours, falling from a high of $94,000 to $92,000, continuing this week's oscillating trend of ups and downs.

The oscillating market continues

Despite the overall market price decline, Bitcoin remains firmly above the support area of $85,000 formed earlier this week. Wincent's Senior Trading Director Paul Howard stated that as liquidity declines towards the end of the year, the market may enter a consolidation phase. Paul Howard noted:

"We continue to see cryptocurrency prices closely related to global macroeconomic events. Although December typically has lower liquidity, a higher bottom has formed over the past seven days, around $85,000."