The founding team of Stream Finance has filed a lawsuit against its partner in a U.S. federal court, accusing him of misappropriating $93 million in protocol assets to cover personal liquidation losses and falsely claiming a "car accident that destroyed his laptop" to delay disclosure. The lawsuit alleges that Caleb McMeans, who took over the protocol's operations, entrusted over $90 million in assets to Ryan DeMattia, with whom he had no formal relationship, for offline management. DeMattia was liquidated due to insufficient personal loan margin during the October ETH crash, subsequently using Stream assets to cover losses, ultimately leading to the near-total loss of the protocol's assets. The Stream team accuses McMeans of negligence, refusal to take responsibility, and transferring $2.1 million in protocol assets to a personal wallet, and is now requesting the court to rule in breach of contract and enforce its obligations under the protocol.

According to ChainCatcher, a significant whale involved in leveraging Wrapped Bitcoin (WBTC) has begun to reduce its leverage. On-chain analyst @ai_9684xtpa reported that the whale, associated with address 0x931…3c721, sold 150 BTC at an average price of $92,276 over the past three hours, amounting to $13.84 million. This sale was used to repay a loan on Aave, resulting in a loss of $75,000. Since April 2025, the whale had been purchasing WBTC, acquiring 340.2 WBTC at an average price of $92,777.36, totaling $31.56 million. Currently, the whale still has 225.07 WBTC collateralized on Aave, with a loan of $8.74 million and a health factor of 1.85.

According to Arkham's monitoring, BlackRock withdrew a total of approximately 2,064 BTC and 6,627 ETH from Coinbase in the past 10 hours, worth $206.95 million. Specifically, BlackRock's Bitcoin exchange-traded fund IBIT withdrew approximately 2,064.858 BTC from its Coinbase Prime hot wallet address, worth approximately $185.92 million; and BlackRock's Ethereum exchange-traded fund EHTA withdrew 6,627 ETH, worth approximately $21.03 million.

Sky announced on its X platform that a vote is now open to increase the penalty for delayed upgrades from MKR to SKY from 1% to 2%. If the vote passes, all MKR to SKY upgrades will be subject to the 2% penalty starting December 15, 2025.

OpenAI has launched GPT-5.2, focusing on specialized knowledge tasks and long-term AI agent design. GPT-5.2 offers three versions: Instant, Thinking, and Pro. Instant is suitable for writing and information retrieval; Thinking excels at deep tasks such as program development and planning; and Pro provides the most accurate answers to complex problems. OpenAI states that the core goal of GPT-5.2 is to make AI more "economically valuable" in real-world work scenarios. Furthermore, GPT-5.2 outperforms industry professionals in multiple benchmark tests.

The Depository Trust and Clearing Corporation plans to tokenize stocks, ETFs, and US Treasurys next year after receiving an SEC no-action letter. source: https://cointelegraph.com/news/sec-clears-dtcc-to-offer-tokenization-service?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The Federal Reserve announced on Thursday that its Board of Governors unanimously voted to reappoint 11 regional Federal Reserve presidents for five-year terms, beginning March 1st of next year. The Fed stated that the reappointments were made after a comprehensive review of the regional Fed presidents by their boards of directors and with the "unanimous consent" of the Fed's Board of Governors. By law, all regional Fed presidents and their first vice presidents serve five-year terms. Their current terms expire on February 28, 2026. This move resolves a key issue surrounding the future composition of the Fed's monetary policy committee. Earlier reports indicated that Trump might attempt to appoint allies to review these reappointment decisions—one of a broader effort to increase pressure on the Fed. (Jinshi)

According to PANews, Sky announced on the X platform that voting has commenced on a proposal to increase the delayed upgrade penalty for MKR to SKY from 1% to 2%. If approved, starting December 15, 2025, all MKR upgrades to SKY will incur a 2% penalty.

According to BlockBeats, the Federal Reserve announced on Thursday that its board has unanimously voted to reappoint 11 regional Federal Reserve presidents for five-year terms starting March 1 of next year. The decision follows a comprehensive evaluation by the regional Federal Reserve boards and has received unanimous approval from the Federal Reserve Board. By law, all regional Federal Reserve presidents and their first vice presidents serve five-year terms, with the current term set to expire on February 28, 2026. This move addresses a key issue concerning the future composition of the Federal Reserve's monetary policy committee. Previously, there were reports suggesting that U.S. President Donald Trump might attempt to appoint allies to review these reappointment decisions as part of a broader effort to increase pressure on the Federal Reserve.

According to BlockBeats, data from Glassnode indicates that since the beginning of December, Bitcoin whales, defined as entities holding between 10,000 and 100,000 BTC, have sold or redistributed 36,500 Bitcoin. This amount is valued at approximately $3.373 billion. The movement of such a significant volume of Bitcoin by large holders is noteworthy in the cryptocurrency market.

Farcaster, a star project that raised $180 million and was valued at nearly $1 billion, announced a strategic shift. What lessons can we learn from this?

Why is it that the same strategy is a legend when it works for Strategy, but a joke when others try it? In an era where AI narratives are crushing everything like freight trains, is Bitcoin still the best safe haven for assets?

The Federal Reserve's shift to easing will spill over globally. Emerging markets will benefit from a weaker dollar, but the European Central Bank and the Bank of Japan may follow suit with interest rate cuts. Crypto assets may become beneficiaries of liquidity.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2906, providing you with the latest and fastest news on the digital currency and blockchain industry.

机器人 AI 可以像人类一样有自己的账户进行货币支付。AI Agent 支付的底层 Infra，x402 协议究竟是什么？为什么 Google、Visa 都在积极布局 x402 赛道？

17 Observations on Crypto Trends in 2026 by Several Partners of the a16z Crypto Team

Market predictions about when a “cryptography-related quantum computer (CRQC)” will be born are often too radical and exaggerated—leading to calls for an immediate and comprehensive migration to post-quantum cryptography.

Surf is an AI-powered investment research assistant for the cryptocurrency field. It recently completed a $15 million funding round led by Pantera, with participation from Coinbase Ventures and others.

The UAE, particularly Abu Dhabi, is rapidly emerging as a compliance hub and “new Switzerland” for the global cryptocurrency industry.

Federal Reserve, BTC: When the Fed is hijacked by politics, is a historic opportunity for Bitcoin coming? Golden Finance: The Fed cut interest rates, but the market is panicking.