troll

Cross-chain liquidity protocol CrossCurve has released a security update regarding the $EYWA token, stating that they have successfully contained the exploit. The hacker extracted $EYWA from the bridge on the Ethereum network, but it cannot be used because only XT Exchange holds the Ethereum deposits, which have been frozen. Users' $EYWA tokens are safe, including all tokens on the Arbitrum network.For additional security, the team is contacting all centralized exchanges trading $EYWA to ensure that the hacker cannot sell or use the stolen tokens. The stolen $EYWA tokens cannot enter circulation and will not affect the token supply. The official team is conducting a comprehensive investigation into the details of the exploit, other stolen tokens, and how to prevent such vulnerabilities from occurring again.According to ChainCatcher, the cross-chain liquidity protocol CrossCurve was attacked due to a smart contract vulnerability, resulting in approximately $3 million being stolen.

According to GMGN monitoring, the market capitalization of the Meme coin WhiteWhale on the Solana chain briefly surged to $80 million, currently reported at about $70 million, with a 24-hour increase of over 60%. This rise may primarily stem from the personal purchase by the token's prototype character, The White Whale.Additionally, data shows that the associated address has purchased over 15 million tokens of the same name today, valued at approximately $1.05 million, and subsequently consolidated the tokens into its main address. Currently, this main address holds about 67.9 million tokens, accounting for 54% of the total supply of this Meme coin, with a holding value of $37 million and an unrealized profit of $16.7 million (31%), with an average purchase price of about $0.0212, and no sales have been made yet.This Meme coin was initially created on October 13, 2025, on pump.fun by fans using the well-known trader The White Whale's avatar from X and Hyperliquid. Later, due to concerns that the token could be misused and harm his reputation, the narrative character The White Whale announced the proactive takeover of the project and made significant purchases to build a position.ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and conceptual speculation, and has no actual value or use case; investors should be aware of the risks.

According to Coindesk, the Acting Comptroller of the Currency, Jonathan Gould (appointed by Trump), stated that the federal trust bank application related to World Liberty Financial Inc. will proceed as usual.Jonathan Gould rejected the request from Senator Elizabeth Warren for a special review of the potential conflict of interest between the president and the company.

According to GMGN monitoring, the market capitalization of the Meme coin TROLL on the Solana chain has rebounded to $30 million, with its price once surging to a market cap of $33 million, currently reported at approximately $0.03, with a nearly 24-hour increase of 52%. This rise may be influenced by Binance US announcing that it will open the TROLL trading pair at 9 PM tonight.Additionally, data shows that the market actually started to rise at 3 AM today, with an increase of over 70% compared to the current price, earlier than the official announcement time (around 10 AM today). ChainCatcher reminds users that trading in Meme coins is highly volatile, largely relying on market sentiment and speculative hype, lacking actual value or use cases, and investors should be aware of the risks.

Vitalik Buterin stated that the current practices of DAOs in the crypto industry have deviated from the original vision, and it is necessary to rethink and construct "different and better DAO designs." Vitalik pointed out that Ethereum's initial concept was heavily inspired by decentralized autonomous organizations, but today DAOs are often simplified to "treasuries controlled by token voting." While they may function in form, they are inefficient, easily manipulated, and fail to truly alleviate the issues arising from human political games.Vitalik emphasized that DAOs remain an indispensable infrastructure, with application scenarios including: improving oracle designs, implementing on-chain dispute arbitration, maintaining various critical lists, quickly launching short-term collaborative projects, and supporting long-term project maintenance after the original team exits. He believes that the current problem lies not in the motivations of participants, but in the governance and system designs, such as oracles, which are still inadequate.In terms of governance frameworks, Vitalik introduced an analysis perspective of "concavity and convexity problems," arguing that different types of issues require different governance structures: scenarios leaning towards consensus and robustness should emphasize broad participation and resistance to manipulation; while scenarios requiring decisive decision-making should allow for leadership, balanced by decentralized mechanisms.Vitalik further pointed out that for DAOs to truly function, they must address two major challenges: privacy and decision fatigue, and can leverage privacy technologies such as zero-knowledge proofs (ZK) and multi-party computation, as well as AI and consensus-based communication tools to alleviate governance burdens. He emphasized that AI should not replace human judgment but should serve as a tool to amplify and assist human intentions.Finally, Vitalik stated that future DAO designs need to consider governance mechanisms, privacy technologies, and communication layers as core components rather than auxiliary modules, to ensure that the decentralization and robustness of Ethereum's underlying infrastructure are sustained in its upper-layer applications.

According to Jin Ten, Federal Reserve's Bostic stated that controlling inflation is very important.

The Zcash Foundation stated on platform X that Zcash is always a decentralized open-source protocol, with no single contributor, team, or organization able to control Zcash.From its inception, Zcash was designed with resilience in mind. Its codebase is fully open-source, and the consensus rules are maintained by independent node operators worldwide, supported by a diverse range of organizations and contributors. As the guardians of the protocol, the mission of the Zcash Foundation is to serve the public interest, focusing on: maintaining and supporting the development of the Zcash protocol, funding independent research and engineering practices, supporting the decentralization of infrastructure and governance, and advocating for privacy as a fundamental human right.

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) is currently fully controlled by the Republican Party and is expected to introduce cryptocurrency-friendly regulations by 2026. The agency will continue to implement last year's rule-making efforts that support cryptocurrencies, as Republicans are generally more favorable towards the cryptocurrency industry than Democrats.It is reported that the U.S. Senate is expected to vote on the cryptocurrency market structure bill soon.

Slow Mist posted on platform X that MistEye detected potential suspicious activities related to Fusion. The root cause is a vulnerability in the underlying contract commissioned by an EOA account controlled by the project team through EIP-7702, which allows arbitrary external calls, enabling attackers to create and configure malicious circuit breaker contracts for PlasmaVault, thereby extracting funds from the contract.

According to the Financial Times, Tether-backed German AI data center operator Northern Data sold its Bitcoin mining business Peak Mining for up to $200 million in November. Regulatory documents show that the buyers include several companies such as Highland Group Mining and Appalachian Energy, whose directors are Tether co-founder Devasini and CEO Ardoino, highlighting potential conflicts of interest.The sale occurred just days before Tether-backed social media platform Rumble announced its acquisition of Northern Data for $767 million.There are complex financial ties among the three parties: Northern Data has a €610 million loan from Tether, and Tether has also signed a $100 million advertising agreement and a $150 million GPU service procurement plan with Rumble. Northern Data was searched by European prosecutors in September this year over allegations of more than €100 million in VAT fraud.

Blockchain analysis platform Bubblemaps tweeted that the token supply controlled by insiders of the PIPPIN token has reached 80%, valued at approximately $380 million.A new emergence of 16 wallets exhibits the same pattern, with similar funding sources, receiving a comparable amount of SOL, no prior trading history, and large withdrawals of PIPPIN from CEX. Additionally, there is another group of 11 associated wallets that collectively hold about 9% of the total supply, with fund flows highly consistent with the time window, suspected to be controlled by the same entity.

GoPlus Chinese community analyzes the principle of the attack on the decentralized options protocol Ribbon Finance in a social media post.The attacker upgraded the price oracle contract to a malicious implementation contract through the address 0x657CDE, and then set the expiration time for four tokens: stETH, Aave, PAXG, and LINK to December 12, 2025, 16:00:00 (UTC+8) and manipulated the expiration prices, exploiting the incorrect prices to profit from the attack.It is worth noting that when the project party's contract was created, the _transferOwnership status value of the attack address was already set to true, allowing it to pass the contract security checks. Analysis shows that this attack address may have originally been one of the project party's management addresses, which was later controlled by hackers through social engineering attacks and other means to carry out this attack.

GoPlus Chinese community analyzes the principle of the attack on the decentralized options protocol Ribbon Finance in a social media post.The attacker upgraded the price oracle contract to a malicious implementation contract through the address 0x657CDE, and then set the expiration time of four tokens: stETH, Aave, PAXG, and LINK to December 12, 2025, 16:00:00 (UTC+8) and manipulated the expiration prices, profiting from the exploitation of the erroneous prices.It is noteworthy that when the project party's contract was created, the _transferOwnership status value of the attack address had already been set to true, allowing it to pass the contract security checks. Analysis shows that this attack address was likely one of the project party's management addresses, which was later controlled by hackers through social engineering attacks and other means to carry out this attack.

Paxos announced that the Office of the Comptroller of the Currency (OCC) has approved it to become a regulated blockchain infrastructure provider and will convert into a regulated national trust institution. Its business activities in the United States will be regulated by the OCC, including providing support to businesses at various stages of digital asset development and offering services and compliance assurance across all 50 states.

According to market news, the Office of the Comptroller of the Currency (OCC) has conditionally approved the application of Ripple National Trust Bank.

According to The Information's crypto reporter Yueqi Yang, Michael Hsu, the acting comptroller of the U.S. Office of the Comptroller of the Currency (OCC), has joined the venture capital firm Core Innovation Capital as a venture partner, where he will provide support related to regulatory compliance and policy alignment for startup founders.

According to Cointelegraph, the preliminary investigation results from the Office of the Comptroller of the Currency (OCC) show that the nine largest banks in the United States imposed restrictions on financial services for politically sensitive industries, including cryptocurrencies, between 2020 and 2023.The OCC stated that these banks made improper distinctions based on the legitimate business activities of their clients, either implementing policies that restrict access to banking services or requiring enhanced scrutiny and approval before providing financial services. The restricted industries, in addition to cryptocurrencies, include oil and gas exploration, coal mining, firearms, private prisons, tobacco and e-cigarette manufacturers, and the adult entertainment industry.For the cryptocurrency industry, the banks' restrictions involve issuers, exchanges, or managers, often attributed to concerns about financial crimes. The banks under scrutiny include JPMorgan Chase, Bank of America, Citibank, Wells Fargo, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCC stated that it will continue its investigation and may submit the findings to the Department of Justice.

The Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1188, confirming that national banks may engage in permissible banking activities related to risk-free principal cryptocurrency transactions.Such transactions involve banks acting as principals in cryptocurrency transactions with one customer while engaging in offsetting transactions with another customer. The bank acts as an intermediary, not holding a cryptocurrency inventory, but instead functioning in a manner similar to that of a broker acting as an agent. As with any activity, national banks must conduct these activities in a safe and sound manner and comply with applicable laws.