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According to Coindesk, the U.S. District Court for the Eastern District of New York sentenced former SafeMoon CEO Braden John Karony to 8 years in prison this Tuesday. Braden was found guilty of multiple federal charges last year for committing fraudulent acts against investors in his digital asset business.According to the U.S. Department of Justice's allegations, Karony was involved in manipulating the price of SafeMoon tokens and stole millions of dollars through illegal liquidity control of the company. After a three-week trial, he was convicted of conspiracy to commit securities fraud, wire fraud, and money laundering. Co-conspirator Thomas Smith pleaded guilty to conspiracy to commit securities fraud and wire fraud in February 2025 and has not yet been sentenced. Another alleged co-conspirator in the SafeMoon fraud case, Kyle Nagy, is still wanted by authorities.It is reported that SafeMoon (SFM) is a cryptocurrency token launched in March 2021, born during the last bull market's meme coin and DeFi craze. Its tokenomics stipulate a 10% tax on each transaction, with a portion (usually 5%) automatically distributed to all holders, another portion added to the liquidity pool, tokens burned to create deflation, and a part allocated for project development. The design concept is to "encourage holding and punish selling," allowing holders to passively earn tokens, with hopes that the price can "safely go to the moon." Its market cap once reached $1 billion, attracting a large number of retail investors and FOMO players. Subsequently, the project contract was hacked, the team was accused of fraud, manipulating liquidity, and misappropriating funds. After a prolonged decline, its current market cap is only $2.08 million.

The founder and CEO of Gate, Dr. Han, expressed his views on the market positioning of gold and Bitcoin on platform X. Dr. Han pointed out that against the backdrop of rising global political and economic uncertainties, gold prices have reached new historical highs, and market volatility has significantly increased, with funds seeking certainty again.Dr. Han believes that although the market has long compared Bitcoin to gold, the two are fundamentally different. The reason gold continues to be allocated during turbulent periods is due to its repeatedly validated "safe lower bound" attribute over thousands of years; whereas Bitcoin has never been defined as a safe-haven asset, and its value logic is more reflected in betting on future growth potential.As the participation of traditional financial assets in the crypto market continues to rise, Gate has also accelerated its layout in the TradFi direction, gradually expanding trading categories such as precious metals, foreign exchange, indices, and stocks. According to CoinGlass data, the 24-hour trading volume of Gate XAUT (gold) contracts has exceeded $483 million, ranking third globally.

Framework Ventures co-founder Vance Spencer stated, "If the current development trend continues, ETH will become the only quantum-safe cryptocurrency and will surpass BTC within 1 to 2 years. All computing platforms are influenced by broader technological trends, and they need to integrate these trends to remain competitive. Ethereum has already integrated stablecoins, tokenization, artificial intelligence, and quantum computing. So far, BTC has not adopted any of these technologies."

According to The Block, RootData has officially launched the industry's first exchange ranking centered on transparency, "Top Cryptocurrency Exchanges Ranked by Transparency," breaking the traditional evaluation limitations of "volume-only" assessments.This ranking establishes a multi-dimensional evaluation framework, covering four main categories: liquidity, asset value, compliance security, and information transparency, which are further divided into six core dimensions: token economics and unlocking transparency, project progress and key event disclosure, team background and capital support transparency, announcement disclosure and section accuracy, asset reserve transparency and listing standards, compliance licenses and audit data.The ranking made its debut last December at the Binance Dubai Blockchain Week, aiming to transform information disclosure from an "optional" for exchanges to a "mandatory" requirement. By promoting exchanges to prioritize information disclosure about their platforms and listed assets, it aims to help the Web3 industry better integrate with mainstream business and protect investors' right to know.It is reported that RootData is the largest enterprise data platform in the Web3 industry, having become an essential data platform for over 2 million Web3 users' decision-making. Its investors include reputable professional investors such as NLVC Aurora Venture Capital and Boyaa Interactive (00434.hk).

In the context of widespread anti-government protests in Iran and the government's implementation of internet blackouts, local residents are accelerating the transfer of Bitcoin into personal wallets. Blockchain analysis company Chainalysis points out that since the protests began and during the internet outages, there has been a significant increase in BTC withdrawal transactions from local exchanges to unknown personal wallets, indicating that the public is self-custodying Bitcoin with greater frequency during times of social unrest.Chainalysis believes that this behavior is closely related to the significant devaluation of the Iranian rial. Data shows that the exchange rate of the rial against the dollar dropped from about 420,000 to over 1,050,000 in a short period, leading to a rapid loss of purchasing power. Against this backdrop, Bitcoin is seen as an important tool to hedge against currency collapse and economic instability due to its decentralized, censorship-resistant, and cross-border transfer characteristics. The report also notes that this trend is consistent with other regions globally experiencing war, economic crises, or government repression. Additionally, Chainalysis revealed that addresses associated with the Islamic Revolutionary Guard Corps (IRGC) accounted for over 50% of the total crypto asset receipts in Iran in the fourth quarter of 2025, with an annual on-chain processing amount exceeding $3 billion.

According to The Block, the Safe Foundation announced on Tuesday a strategic partnership with USDe issuer Ethena Labs, aimed at reducing the Gas fee costs for USDe transactions on the Ethereum mainnet and enhancing the rewards earning potential for USDe stored in Safe multi-signature wallets.Safe accounts holding USDe will now receive "a 10x multiplier on the points accumulated during the current Ethena points program period." The two companies stated, "This collaboration marks a broader strategic initiative by Safe to drive the stablecoin economy towards a self-custody model, and this partnership formally establishes both parties' commitment to positioning the Safe self-custody wallet ecosystem as the preferred platform for accessing Ethena products."

According to the official announcement, Gate has released the latest reserve report, showing significant improvements in various data. As of January 6, 2026, the total reserve ratio of Gate has increased from 124% to 125%, with a total reserve value of $9.478 billion, covering nearly 500 types of user assets. Gate consistently ensures the safety of user assets through a verifiable mechanism.As of now, Gate's core assets maintain sufficient reserves. Currently, the total number of BTC users is 17,640, with a reserve of 24,817 BTC, and the excess reserve ratio has increased from 33.96% to 40.69%. The total number of ETH users is 337,565, with the reserve increasing from 419,096 ETH to 419,320 ETH, resulting in an excess reserve ratio of 24.22%. The total number of USDT users has grown from 1.333 billion to 1.385 billion, with Gate's reserve amounting to 1.516 billion USDT. Gate's latest reserve report shows that the core asset reserves are sufficient, effectively ensuring the safety and stability of user assets.

Binance officially released the 2025 User Security and Protection Report, stating that since 2023, direct economic losses caused by major illegal activities have decreased by 96%; it has prevented potential losses of $6.69 billion for 5.4 million users; handled over 71,000 law enforcement requests, assisted in the seizure of $131 million in involved funds, and provided over 160 training sessions for law enforcement agencies.

Flow's official post on the X platform stated that attackers exploited a vulnerability in the Flow execution layer to transfer approximately $3.9 million in assets before the network went down. This attack did not access users' existing balances, and all user deposits are safe.Currently, approximately $3.9 million in funds have mainly flowed out through bridges such as Celer, Debridge, Relay, and Stargate. The attacker's wallet has been identified and flagged, and their money laundering activities through Thorchain and Chainflip are being tracked in real-time. The Flow Foundation has submitted freeze requests to Circle, Tether, and major exchanges.The network is currently down to cut off all exit paths, and a fix is undergoing final verification. The target restart time is within 4 to 6 hours, depending on the results of the testnet verification. FindLabs is releasing forensic data that includes transaction hashes and the attacker's Ethereum wallet address.

Cryptocurrency data analyst CyrilXBT posted on platform X that BTC.D (BTC market dominance) has strongly rebounded from support levels, which is the reason for the poor performance of the altcoin market. As long as BTC market dominance remains high, altcoins will continue to bleed.Currently, every time BTC pulls back, funds continue to flow into BTC rather than altcoins. The altcoin season will only begin when BTC is no longer the safest trading asset, and we are not close to that point yet.

According to Cointelegraph, Strategy has maintained its position in the Nasdaq 100 index during this year's annual adjustment, marking the first successful test since joining the index last December.Recently, Strategy purchased approximately 10,624 BTC for about $962.7 million, bringing its total holdings to 660,624 BTC, valued at nearly $6 billion. Despite remaining in the index, Strategy's stock price still closed down 3.74% on the day, and has fallen over 15% in the past month.MSCI is considering excluding companies that hold more than 50% of their total assets in crypto assets from the index, a move that could impact Strategy as early as January next year.JPMorgan has warned that if MSCI implements this rule, passive funds tracking the index may be forced to sell up to $2.8 billion worth of Strategy stock. Strategy's Executive Chairman Michael Saylor and CEO Phong Le have written to MSCI, arguing that the company is an operating entity rather than a passive investment vehicle.

According to SlowMist monitoring, the decentralized finance protocol Yearn has suffered a hacking attack, resulting in a loss of approximately $9 million.The SlowMist security team analyzed the incident and confirmed the root cause as follows: The vulnerability originated from the logic of the _calc_supply function used to calculate the supply in the Yearn yETH weighted stablecoin swap pool (Weighted Stableswap Pool) contract. Due to unsafe mathematical operations, this function allowed for overflow and rounding errors during calculations, leading to significant discrepancies in the product of the new supply and the virtual balance. Attackers exploited this flaw to manipulate liquidity to a specific value and over-mint liquidity pool (LP) tokens, thereby profiting illegally. It is recommended to strengthen boundary scenario testing and adopt security-verified arithmetic mechanisms to prevent similar high-risk vulnerabilities such as overflow in similar protocols.Previously, Yearn released a statement stating that its yETH stable pool was attacked on November 30 at 21:11 UTC, with attackers minting a large amount of yETH through a custom contract, resulting in approximately $8 million in assets being damaged in the pool, and an additional loss of about $900,000 coming from the yETH-WETH pool on Curve.

According to official news, TRON ECO has teamed up with SafePal to launch the "Thanksgiving Feast" themed event, with a total prize pool of up to 16,000 USDT, inviting global users to celebrate the Thanksgiving holiday together.The event will take place from November 17 to 23, 2025. Participants only need to follow the official account and complete designated community interaction tasks to have a chance to win multiple prizes.The reward setup includes: the first place will receive 80 USDT, and the second and third places will each receive a SafePal X1 hardware wallet.

According to Jin Shi reports, the foreign exchange market saw increased volatility on Friday as the stock market faced sell-offs, prompting investors to flock to safe-haven assets. The UK's budget proposal this month will not raise income tax, which has pressured the pound. Traders believe that the likelihood of the Federal Reserve cutting interest rates in December is much lower than expectations a few weeks ago, leading to a sell-off of highly valued U.S. stocks and government bonds, with funds flowing into the Swiss franc and Japanese yen. The latest market data shows that the dollar has fallen 0.5% against the Swiss franc and 0.5% against the Japanese yen.

According to Ming Pao, Eric Trump, the son of U.S. President Donald Trump, stated in an interview with "Yahoo Finance Invest" that Bitcoin has become the strongest asset of this era, and he believes it has advantages over traditional hard assets like real estate.Eric Trump believes that Bitcoin offers advantages such as 24-hour trading and low fees, which traditional hard assets cannot match. He thinks that whether it's to hedge against inflation, combat corruption, or counter the chaos of global monetary policies, Bitcoin can serve as an important option for investors seeking safety.When asked why American Bitcoin, the Bitcoin mining company owned by Donald Trump Jr. and Eric Trump, can mine at such low costs, Eric Trump stated that the main reason is the decline in energy prices in the U.S. in recent years. The company operates in West Texas, taking advantage of the extremely low electricity costs to mine Bitcoin 24 hours a day, with costs being about half of the market price. He also pointed out that mining with domestic energy in the U.S. is the foundation of a company's global competitiveness.

According to the GoPlus Chinese community, a malicious Chrome extension named "Safery: Ethereum Wallet" has been discovered, which is stealing user assets. This extension was released on November 12, 2024, disguised as a simple and secure Ethereum wallet, but it contains a built-in backdoor.The attack method is highly covert: the malicious extension encodes the user's mnemonic phrase into a Sui address and broadcasts microtransactions through a Sui wallet controlled by the attacker to steal the mnemonic phrase. The attacker's email is kifagusertyna@gmail[.]com. Currently, this malicious extension has not been removed from the Chrome Web Store.