Jupiter Exchange's COO admitted that previous claims of the treasury having "zero contagion risk" were not rigorous, as the rehypothecation mechanism makes it impossible to fully isolate collateral. Despite the controversy, Jupiter Lend still has over $1 billion in TVL and has performed steadily during the market crash.

The CEO of a leading exchange stated that Bitcoin is becoming the digital gold of a new era, especially during times of market uncertainty, as more and more people regard Bitcoin as a safe-haven asset. Although this view is not new, it remains significant when expressed by industry leaders. Whether it can truly replace gold still needs time to be verified.

[SZ Blockbeats] There's new activity in the SVM ecosystem. A Layer1 project called Fogo recently launched an interesting mainnet stress test—a fully on-chain fishing game called Fogo Fishing, using high-frequency transactions to simulate real scenarios and test throughput. Currently, TPS has soared past 1000, which is impressive for the testing phase.
This round of testing will last for about two weeks, with snapshots taken at random intervals. Here’s the key point: users who participate in the fishing game or provide liquidity in Valiant Pools will be eligible for an airdrop. The official team has also upgraded the ecosystem points system to version 1.5, which looks like preparation for future token distribution.
Their fundraising history is also quite solid: just this January, they raised $8 million at a $100 million valuation on the Echo platform, led by The Echonomist and CMS.

[Crypto World] Looking at BTC’s 4-hour chart, since the rebound at 4 PM on December 5, the price has indeed pulled back quite a bit. The bullish candle that started at midnight on December 6 directly broke through the early morning high at 4 AM, but the final close of that candlestick was a bit hesitant—though it was a bullish candle, the volume clearly shrank.
Right now, trading volume has dropped quite noticeably compared to the previous few hours. The price is rising but the volume isn’t keeping up, so this price-volume divergence is something to watch out for. On the MACD, there’s something interesting: the histogram is still below the zero line, but the negative value is narrowing bit by bit, indicating that bearish momentum is weakening. The KDJ is hovering around 25, without any clear golden cross or death cross signals—so it’s in a neutral zone.
Based on recent volatility, I’ve marked a few key levels:
Longs can be considered around 85149 or 85453, with a stop loss set below 84599 for safety. If it does move up, the first target is 94721.

BitMine Immersion Technologies, led by Tom Lee, purchased over 64,000 Ethereum in a single day, spending nearly $200 million and successfully buying the dip at a market low. This move caused ETH prices to rebound, demonstrating the institution's determination to increase its Ethereum reserves.

Ripple CTO David Schwartz weighed in on the debate over Bitcoin's scarcity, refuting the view that Bitcoin can be copied and pointing out that Bitcoin's total supply and scarcity are fixed in its code, emphasizing that its supply cap cannot be changed. This debate once again highlights a fundamental consensus within the crypto world.

[Bitpush] Just noticed a significant on-chain move: address 0xDE3…ddFCc deployed 8 million USDT in the past hour, buying up 2,640 ETH in one go, with an average cost of $3,027.33.
Interestingly, this address has never touched ETH before—this is their first position. The source of funds has also been traced; it was recently transferred out from Bitget over the past few days.
Such a large-scale position opening at this price point makes the logic behind the move worth pondering.

At the annual conference of the China Securities Association, Wu Qing, a senior official from the China Securities Regulatory Commission, emphasized the need to strengthen risk prevention and control, especially in businesses such as margin financing and securities lending, as well as private asset management. He expressed a cautious attitude toward crypto assets, advocating that areas that are unclear or in violation of regulations should be avoided until the regulatory framework is improved.

Aerodrome's domain migration has been completed, and enhanced security protocols have been upgraded to prevent domain hijacking. An attack occurred on November 21 last year, resulting in a loss of approximately $700,000. The team has developed protection measures and will provide compensation to affected users.

Market sentiment data on December 6 shows that the Fear & Greed Index has dropped to 23, indicating that the market has entered the "extreme fear" zone. The index takes into account multiple dimensions such as market volatility, trading volume, and social media discussions; the lower the score, the more fearful the market sentiment.

[Crypto World] Back in March this year, the US government issued an executive order—to build a strategic Bitcoin reserve and digital asset reserves, even mentioning coins like ETH, XRP, SOL, and ADA. It sounded pretty impressive, but now it looks like the whole thing has basically fizzled out.
So, what’s the issue? The order never actually authorized the government to buy crypto, didn’t allocate any budget, and didn’t set up any regulatory framework. The so-called funding source was just seized assets, plus some vague “budget-neutral strategies”—in plain terms, it was all talk with no real action.
The data from Polymarket drives the point home. Early last year, over 60% of people believed there would be a decent BTC reserve by the end of the year, but by December that confidence had plummeted to just 2%. Expectations for XRP and ETH reserves tanked the same way.
Analysts’ doubts are legitimate: without Congressional backing or supporting infrastructure, how could this ever get off the ground? Now the market has already