Pudgy Penguins will launch a multi-day brand advertising campaign at Sphere, a landmark venue in Las Vegas, during Christmas week. The campaign, scheduled to run from December 24th, includes multiple animated segments and has a total cost of approximately $500,000, within Sphere's standard advertising price range. Reports indicate that Sphere, a large venue renowned for its immersive LED displays, has historically seen only a handful of crypto-related brands advertising there. A Bitcoin-themed display appeared in July of this year, but other cases are relatively rare. This campaign by Pudgy Penguins is seen as a significant step in strengthening its offline brand exposure and reaching a wider audience beyond the crypto community. Pudgy Penguins launched in 2021 on Ethereum, initially gaining popularity with its 8,888 cartoon penguin NFT series. After a change in management, the project has expanded into physical toy retail and the browser-based social game Pudgy World. The project team stated that its business is no longer limited to NFTs but is transforming into a broader consumer brand. (CoinDesk)

The crypto ecosystem in Venezuela is a product of nearly a decade of economic collapse and international sanctions pressure, according to the TRM Labs team. source: https://cointelegraph.com/news/venezuela-crypto-reliance-stablecoins-economic-crisis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Odaily, MicroStrategy CEO Phong Le discussed the challenges of entering capital markets during a bear market compared to a bull market, noting the increased difficulty in raising funds. The company has launched priority products like Stretch to maintain financing capabilities even when Bitcoin prices are stable or fluctuating. Le highlighted that MicroStrategy has developed a Bitcoin financial framework over the past five years that operates effectively in both market conditions. Newly issued preferred stocks must undergo similar market 'stress tests.' Despite potential downturns, the company plans to continue paying dividends to steadily build investor confidence and pave the way for future fundraising, further solidifying its position as a Bitcoin financial and credit issuance institution capable of navigating complete market cycles.

In late November, a car arson and murder case related to cryptocurrency occurred in Vienna, Austria. Local police disclosed that two suspects were recently apprehended in Ukraine. The victim was Danila Kuzmin, the 21-year-old son of Sergei Kuzmin, the deputy mayor of Kharkiv, Ukraine. Police investigations revealed that the suspects' motive was to obtain the victim's cryptocurrency wallet passwords. While studying in Vienna, Danila had revealed his father's identity and information about his family's cryptocurrency assets to one of the suspects. Subsequently, Danila was attacked in the underground parking lot of the Sofitel Hotel in Vienna, forcibly taken away, and held captive in the car for several hours, during which he was continuously beaten and tortured until he handed over the passwords to two cryptocurrency wallets. Vienna police confirmed that large sums of money were subsequently transferred from Danila's cryptocurrency wallets. After emptying his cryptocurrency assets, the suspects abandoned Danila in the back seat of the car and set it on fire. The burned Mercedes-Benz had Ukrainian license plates and was registered under the names of his family members. The two suspects were subsequently identified as 45-year-old Oleksiy Agoyev, a former Ukrainian customs official, and 19-year-old Bogdan Reynzhuk, the stepson of Oleksiy Irazhuk, the Ukrainian ambassador to Bulgaria. Police seized a large amount of US dollars in cash from the suspects during the arrest; Agoyev was carrying nearly $90,000. The case is still under further investigation.

1. Negotiations on the US crypto market structure bill continue, and the legislative process may be delayed until January next year; 2. Strategy successfully passed the current adjustment of the Nasdaq 100 index, but still faces the potential risk of being removed from the MSCI index; 3. Michael Saylor responded to Strategy's decision to remain in the Nasdaq 100 index, stating that the company will continue to increase its Bitcoin holdings; 4. Strategy's CEO stated that even if the market enters a bear market cycle, the company remains confident in its long-term strategy; 5. An international law firm partner pointed out that 2025 will be a testing ground for crypto company IPOs, while 2026 will be the key year to test their sustainability; 6. The US Securities and Exchange Commission (SEC) issued guidelines for crypto asset custody, systematically outlining wallet types and their main risks; 7. "Bitcoin Rodney," the founder of the HyperFund crypto scam, has been additionally charged with wire fraud and could face decades in prison; 8. Exor explicitly refused to sell its controlling stake in Juventus, and Tether's acquisition offer was rejected; 9. A cryptocurrency exchange shop in Mong Kok, Hong Kong, has been suspected of being robbed, and the police have launched an investigation; 10. A report by Galaxy Research shows that Tether's current lending volume has exceeded US$14 billion, making it the largest CeFi lending institution.

According to Odaily, Aevo, formerly known as Ribbon Finance, reported that its Ribbon Legacy DOV vault was attacked due to a vulnerability in a smart contract update, resulting in a loss of approximately $2.7 million. The team has initiated an investigation to identify the root cause of the vulnerability and is collaborating with centralized exchanges and security partners to track and mark the stolen funds. Aevo noted that although the attacker bypassed the existing Immunefi bug bounty mechanism, a white-hat negotiation solution remains open. The company emphasized that the incident did not affect Aevo's exchange or its staking users, and the platform continues to operate safely and normally. For users who deposited in the Ribbon Legacy vault, Aevo is developing a follow-up plan and expects to release further updates within 24 hours. A comprehensive incident review report will be published later.

Aevo (formerly Ribbon Finance) officially stated that its Ribbon Legacy DOV vault was attacked yesterday due to a smart contract update vulnerability, resulting in a loss of approximately $2.7 million. The team immediately launched an investigation to identify the root cause of the vulnerability and is collaborating with centralized exchanges and security partners to track and flag the stolen funds. Aevo noted that although the attackers bypassed the existing Immunefi bug bounty mechanism, white-hat negotiated solutions remain available. The official statement also emphasized that this incident did not affect the Aevo exchange or its staking users; the platform remains secure and operational. Regarding depositors in the Ribbon Legacy vault, Aevo stated that it is developing a follow-up plan and expects to release further updates within 24 hours, followed by a full incident review report.

SEC issues a cryptocurrency custody guide outlining practices and risks in digital asset management. source: https://coincu.com/news/sec-cryptocurrency-custody-guide/

According to Odaily, an attempted robbery occurred at a cryptocurrency exchange in Mong Kok, Hong Kong, on the evening of December 13. Police received a report from a security guard around 8 p.m. regarding a suspected robbery at a shopping mall located at 608 Nathan Road. Initial investigations revealed that the 46-year-old male victim, the owner of the cryptocurrency exchange, was preparing to close the shop when two men allegedly attempted to rob him. A third suspect later appeared. During the altercation, the victim and his wife were involved in a struggle with the three men, resulting in the victim sustaining a finger injury. He was taken to Kwong Wah Hospital for treatment and was conscious upon arrival. Police are currently reviewing CCTV footage from the scene and are searching for the suspects involved. The exchange is situated on the first floor of W Plaza President Commercial Building, with a small amount of blood found on the staircase leading to Soy Street. The investigation is ongoing.

According to crypto analyst EmberCN, since November 25th, a major whale has exchanged 1,972 BTC for 58,148 ETH via THORChain, a total value of $176 million, with an average cost of $3,028 per ETH. Today, the whale continued its cross-chain exchange, converting 340 BTC into 9,784 ETH, worth $30.42 million.

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Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2907, providing you with the latest and fastest news on the digital currency and blockchain industry.

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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.