According to Foresight News, U.S. prosecutors have recommended a 12-year prison sentence for Do Kwon in connection with the fraudulent activities that led to the collapse of the TerraUSD stablecoin in 2022, resulting in a $40 billion loss. The sentencing is scheduled to be delivered by U.S. District Judge Paul Engelmayer on December 11.

According to Foresight News, Ethereum co-founder Vitalik Buterin has highlighted a recent milestone in Bitcoin mining. Buterin noted that, based on average difficulty statistics, Bitcoin mining has recently surpassed a total of 2^96 hashes. He believes this achievement supports maintaining a security standard close to 128 bits, affirming the correctness of Drake's previous views. This milestone reflects the ongoing growth in the computational power and security of the Bitcoin network.

According to Odaily, Lookonchain monitoring reveals that Circle has minted a total of 10 billion USDC over the past month, following a recent minting of 500 million USDC.

According to PANews, Glassnode has analyzed the current state of the cryptocurrency market, noting that while prices have stabilized, the recent rebound lacks strong crypto-specific catalysts, leaving the market vulnerable. In the options market, despite calm Bitcoin trading, there is a predominant interest in call options. Over the past two weeks, the ratio of put to call options has significantly decreased, indicating traders' expectations for profit in a year-end rally. However, the past seven days have seen a notable slowdown in options trading volume, suggesting weakened confidence in supporting an upward trend. Focus has been placed on the $95,000 call option strike price, with short to medium-term net call option fees declining in recent days, highlighting a lack of upward momentum in the market. Implied volatility across various maturities continues to decrease, indicating reduced demand for protective strategies or leverage for upward movement, as traders anticipate stable prices. When implied volatility decreases and call options dominate open interest, positioning tends to be passive. The 25 Delta skew indicator remains positive within the bearish range, showing that the market is still pricing in potential sustained downside risks. Such skew structures typically do not predict price breakthroughs. On a macro level, expectations for a December interest rate cut are the core driver supporting current prices. If expectations shift or a 'hawkish rate cut' occurs, it will immediately trigger a re-pricing of implied volatility and the spot market.

BlackRock’s iShares Bitcoin Trust has entered its longest outflow streak to date, with over $2. 7 billion withdrawn in five weeks. source: https://cryptonews.com/news/blackrocks-bitcoin-etf-bleeds-2-7b-in-longest-outflow-streak-since-launch/

Kraken and Deutsche Börse just announced a landmark partnership to merge traditional finance with crypto. source: https://coindoo.com/best-crypto-to-buy-now-deepsnitch-ai-launches-bonus-codes-to-push-presale-past-1-million/

Web3 wallets will develop in five key directions in the future, among which integration with AI agents is considered to have the greatest potential.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

As compliance progresses, more people will think about long-term operations and building businesses with stable income, rather than projects that primarily focus on issuing tokens.

Over the past year, beneath the surface of the volatile crypto market and rapidly changing narratives, only a handful of projects have truly proven their value.

China's policy orientation of accelerating the development of the digital yuan and resolutely curbing virtual currencies, including stablecoins, is now fully clear.

Recommended reading tonight: 1. Controversial Strategy: The Dilemma of BTC Faith Stocks After the Crash; 2. Why Do L1 Tokens Continue to Underperform BTC; 3. The End of the DAT Myth? What's Next for Bitcoin Treasury Companies?

"With position rebalancing complete and new variables emerging, upside opportunities will stem more from tactical positioning than from trend reversals."

Polymarket is very intuitive to use – it allows you to create “marketplaces” for trending events.

Tokenization may develop at the pace of the internet, faster than most people expect, and achieve tremendous growth in the coming decades.

Learn when the last Bitcoin was mined, and how the halving mechanism, fixed supply, and Bitcoin's economic design shape its long-term scarcity, value, and future role.