Morning Report | Strategy has increased its holdings by over 200,000 bitcoins this year; SEC Chairman states that the U.S. financial market may move on-chain within two years
Overview of Important Market Events on December 7整理：ChainCatcher
Important News:
- Zhao Changpeng: The demand for hardware wallets is that private keys must never leave the device under any circumstances
- Moore Threads co-founder Li Feng exposed for involvement in ICO projects and a dispute over 1,500 bitcoins
- Michael Saylor: Strategy has accumulated over 200,000 bitcoins so far this year
- Solana Foundation President calls for Kamino and Jupiter to stop infighting and focus on expanding market share
- US SEC Chairman: The entire US financial market may migrate on-chain within two years
- Jensen Huang: Bitcoin converts excess energy into a circulating currency
What important events have occurred in the past 24 hours?
US SEC Chairman: The entire US financial market may migrate on-chain within two years
According to ChainCatcher, Paul Atkins, the chairman of the US Securities and Exchange Commission, stated that the entire US financial market is expected to migrate to blockchain technology that supports Bitcoin and cryptocurrencies within the next two years.
In an interview with Fox Business, SEC Chairman Paul Atkins said, "This will not only be a trend for the next decade but could become a reality in just two years. The next step will come with the digitization and tokenization of digital assets, which will bring tremendous benefits for transparency and risk management." Tokenization refers to representing stocks and assets with tradable blockchain-based tokens, a concept hailed as a potential revolution in financial markets.
Michael Saylor releases Bitcoin Tracker information again, may disclose accumulation data next week
ChainCatcher reports that Michael Saylor, founder of Strategy, has released information related to the Bitcoin Tracker again, stating "₿ack to Orange Dots."
According to previous patterns, Strategy typically discloses Bitcoin accumulation information the day after related news is released.
Paradigm co-founder: This moment is the "Netscape/iPhone moment" for cryptocurrency
ChainCatcher reports that Matt Huang, co-founder of crypto investment firm Paradigm, stated on social media, "I don’t know who needs to hear this, but this moment is the 'Netscape moment' or 'iPhone moment' for cryptocurrency.
Its operational scale is unprecedented, larger than we could ever imagine, accelerating development at both the institutional level and the cypherpunk level."
It is noted that the Netscape moment (1995): The release of the Netscape browser brought the internet into the mainstream. That moment marked the transition of the internet from a niche technology to widespread adoption; the iPhone moment (2007): The release of the iPhone led to explosive growth in mobile internet, fundamentally changing how people use technology, pay, socialize, and consume.
Strategy CEO: The company's dollar reserves can support at least 21 months without selling Bitcoin
ChainCatcher reports that Phong Le, CEO of Strategy, recently explained in an interview with CNBC's "Power Lunch" the correlation between $MSTR stock and Bitcoin prices, how the company's dollar reserves respond to market FUD (fear, uncertainty, and doubt), key drivers of market volatility, and why Bitcoin's long-term outlook remains strong.
Le clarified that the company's current dollar reserves can support at least 21 months without selling Bitcoin, receiving positive responses from investors who recognized its transparent communication and long-term strategic planning.
US SEC Chairman: The entire financial system will shift to Bitcoin and cryptocurrencies in a few years
ChainCatcher reports that the chairman of the US Securities and Exchange Commission stated in an interview that the entire financial system will shift to Bitcoin and cryptocurrencies in a few years. This is the future of the world.
ChainCatcher reports that Lily Liu, president of the Solana Foundation, stated on social media, "Hey, Kamino and Jupiter. Overall, our lending market is about $5 billion. Ethereum is about 10 times that. The collateral market in traditional finance is countless times larger than them.
We can mock each other (like 'one-click conversion of lending positions', making fun of others' casual comments, etc.), or we can choose to focus our energy on capturing more market share from the entire crypto industry and ultimately moving towards traditional finance."
It is reported that Jupiter COO Kash Dhanda recently responded to community concerns, stating that the team's previous claim on social media that the Jupiter Lend vault had "zero contagion risk" was inaccurate. Jupiter had previously promoted its lending vault as having a "risk-isolated" structure, claiming that there would be "no cross-contamination between trading pairs, thus eliminating any contagion risk," and this content has since been deleted.
Last week, the Solana lending platform Kamino banned the migration tool for Jupiter Lend due to concerns that the related risk model misled users, and its co-founder publicly criticized Jupiter's risk statements.
Moore Threads co-founder Li Feng exposed for involvement in ICO projects and a dispute over 1,500 bitcoins
ChainCatcher reports that according to Foresight News, Moore Threads surged nearly 470% on its first day of listing on the Sci-Tech Innovation Board on December 5, with a market value exceeding 300 billion yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have drawn renewed attention.
Reports indicate that in 2017, Li Feng participated in issuing a token project called "Malagobi (MGD)" along with Li Xiaolai and others. The project raised about 5,000 ETH during the ICO boom, with multiple team background claims in the white paper being accused of exaggeration and some funding uses being opaque. The project was renamed "Alpaca Coin" under regulatory pressure. Additionally, in 2018, OKX founder Star publicly accused Li Feng of borrowing 1,500 bitcoins and failing to repay them on time, claiming that legal proceedings had been initiated in both China and the US.
The borrowing agreement presented by Star at that time showed that the two parties first signed the agreement in 2014, and it was renewed in 2017 due to a request for an extension, but ultimately still resulted in a default. Due to cross-border enforcement and legal recognition issues regarding virtual assets, the dispute has yet to have a clear outcome.
ChainCatcher reports that according to crypto KOL Nine Lives (@CryptoKobe92), the operator of the Binance Futures official X account posted a tweet related to "Yellow Fruit Year" today at 13:30, while on-chain token issuance related to the tweet occurred at 13:29, raising suspicions of insider trading.
Currently, the related tweet has reportedly been deleted, and Binance Customer Support stated that they are aware of the feedback and are conducting an internal review. Binance maintains a zero-tolerance policy for any behavior involving token listings and other corruption. The community will be informed of progress as soon as the investigation results are confirmed.
ChainCatcher reports that Star responded on social media regarding the topic of "Moore Threads co-founder Li Feng borrowing 1,500 BTC from Star and not returning it and going missing," stating, "One cannot always remain in the shadow of negative history. Looking to the future, contribute more positive energy. Debt issues will be handled by the law. Best wishes to every entrepreneur."
ChainCatcher previously reported that Moore Threads surged nearly 470% on its first day of listing on the Sci-Tech Innovation Board on December 5, with a market value exceeding 300 billion yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have drawn renewed attention.
Jensen Huang: Bitcoin converts excess energy into a circulating currency
ChainCatcher reports that NVIDIA CEO Jensen Huang recently stated, "Bitcoin is converting and storing excess energy into a new form of currency that you can carry with you and transport anywhere."
Michael Saylor: Strategy has accumulated over 200,000 bitcoins so far this year
ChainCatcher reports that Michael Saylor stated that Strategy has accumulated over 200,000 bitcoins so far this year, with a specific number of 203,600 bitcoins. This Monday, Strategy announced that it had added 130 bitcoins last week, totaling about $11.7 million, with an average purchase price of about $89,960. As of November 30, 2025, Strategy holds 650,000 bitcoins, totaling about $48.38 billion, with an average price of about $74,436.
Zhao Changpeng: The demand for hardware wallets is that private keys must never leave the device under any circumstances
ChainCatcher reports that Zhao Changpeng (CZ) responded on the X platform to Onekey founder Yishi, stating that his personal demand for hardware wallets is that private keys must never leave the device under any circumstances. Additionally, CZ responded to why he calls himself "not an expert," explaining that experts excel at incremental improvements, telling you what is impossible and all potential issues, and rarely invent radical new things.
Jupiter executives admit that the "zero contagion risk" promotion of Jupiter Lend is inaccurate
ChainCatcher reports that Kash Dhanda, COO of Jupiter Exchange, recently responded to community concerns, stating that the team's previous claim on social media that the Jupiter Lend vault had "zero contagion risk" was inaccurate. Jupiter had previously promoted its lending vault as having a "risk-isolated" structure, claiming that there would be "no cross-contamination between trading pairs, thus eliminating any contagion risk," and this content has since been deleted.
Dhanda confirmed in a video posted on the X platform that the vault is indeed designed to be isolated, but also admitted that Jupiter Lend has situations involving re-mortgaged assets. Last week, the Solana lending platform Kamino banned the migration tool for Jupiter Lend due to concerns that the related risk model misled users, and its co-founder publicly criticized Jupiter's risk statements.
Meme Popularity Ranking
According to the meme token tracking and analysis platform GMGN, as of December 8, 09:00,
The top five popular tokens on ETH in the past 24 hours are: SHIB, LINK, PEPE, UNI, ONDO
The top five popular tokens on Solana in the past 24 hours are: TRUMP, PENGU, Fartcoin, ME, DOOD
The top five popular tokens on Base in the past 24 hours are: BRIAN, B3, TOSHI, toby, SNEK
What interesting articles are worth reading in the past 24 hours?
Deep Reflection: I Wasted Eight Years in the Crypto Industry
Recently, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the casino nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for discussion.
Cryptocurrency is confusing. On one hand, some promoters claim they want to completely replace the existing financial system with a blockchain-based system. I can easily imagine such a system—where you only need to hold USDC or Bitcoin in your bank account, and you can send a billion dollars to anyone in the world in seconds. This idea is powerful, and I still believe in it.
Bloomberg: Electricity theft exceeds one billion, rampant Bitcoin mining in Malaysia
In areas of Malaysia where illegal cryptocurrency mining is prevalent, investigations are being conducted from the air. Drones hover over rows of shops and abandoned houses, searching for abnormal heat sources, which are typical heat signals from illegal mining machines. On the ground, police use sensors to check for unusual electricity usage. Sometimes, the investigation methods are more primitive: residents may report strange bird calls, and when the police arrive, they discover that someone is deliberately playing nature sounds to cover up the roar of machines behind tightly closed doors.
These tools together weave a mobile monitoring network, fully encircling illegal Bitcoin mining.
Risk warning
Risk warning
