Core Points - SocialChain Inc., the company behind Pi Network, is facing a $10 million lawsuit for allegedly orchestrating a fraud scheme involving unauthorized token transfers and secret sales of 2 billion Pi tokens, which led to a significant drop in the token's price from $307.49 to $1.67 [1][4] - The lawsuit was filed on October 24 in the US District Court for the Northern District of California, targeting Pi Network founders Chengdiao Fan and Nicolas Kokkalis, along with SocialChain Inc. [2] - The plaintiff, Harro Moen Moen, claims that 5,137 Pi tokens were transferred from his verified wallet without authorization and that his remaining 1,403 tokens were not migrated to the Pi Network Mainnet [3] - The complaint alleges that despite marketing Pi Network as decentralized, the company maintained centralized control by operating only three validator nodes, and it also raises concerns about Pi being an unregistered security [5] Community Response - The Pi Core Team has not publicly addressed the lawsuit, but the Pi community has challenged several claims made by the plaintiff, suggesting that unauthorized token transfers could be due to compromised login credentials or phishing attempts, rather than wrongdoing by the team [6]

Group 1 - Tax policy significantly influences market behavior, often more than product news [1] - Japan is considering a major tax overhaul for cryptocurrencies, which could lead to a market boom [2] - Current tax rates on personal crypto gains in Japan are between 5% to 45%, with an effective ceiling near 55% [4] Group 2 - Proposed changes could reduce the effective tax rate on cryptocurrency gains to a flat 20%, aligning it with stocks and investment funds [5] - Support for the tax reform is seen as part of a strategy to boost Japan's economic growth and retain capital domestically [5] - As of May 2025, approximately 12.4 million Japanese residents are involved with cryptocurrency, holding over 4.26 trillion yen (about $27.5 billion) on domestic platforms [6]

The upcoming Federal Reserve meeting will trigger Bitcoin’s price to surge dramatically after it breached $92,000 on Monday, analysts say. A Fed decision on Wednesday to inject more money into the banking system will send the $1.8 trillion crypto “sharply higher,” analysts David Brickell and Chris Mills of the London Crypto Club said in their weekly newsletter. They predict “a dovish surprise” where the Fed indirectly increases money supply through a creative bond-buying scheme. “Now, we’re moving into ...

Core Insights - The article emphasizes the importance of stablecoins and asset security in the current volatile digital asset landscape, highlighting Tether's USDT as a dominant player with a reserve rate of 109.16% and a wallet balance exceeding 37.4 billion [1][3] - It stresses the necessity for individuals to manage their USDT assets securely and independently, advocating for self-custody wallets to maintain true ownership of assets [3][11] Group 1: USDT and Personal Asset Sovereignty - Tether's USDT continues to lead the stablecoin market, with on-chain transaction volume reaching 719.83 billion USD in November, significantly surpassing competitors [3] - The article warns against fully trusting centralized platforms for asset management, as market volatility and operational risks can affect access to assets [3] - Transitioning to self-custody wallets is crucial for users to achieve true asset ownership and exercise complete monetary sovereignty [3] Group 2: XBIT Wallet as a Secure Web3 Gateway - XBIT Wallet is introduced as a decentralized wallet designed to provide a secure and user-friendly self-custody solution, aligning with the principle that private keys should never leave the user's device [4] - The wallet supports multi-chain asset management, allowing users to manage various assets, including USDT across different blockchains, in one interface [4] - Transactions made through XBIT Wallet are publicly verifiable on the blockchain, reinforcing the concept of user-controlled assets [4] Group 3: Understanding Private Keys and Security - The article explains that private keys are unique cryptographic strings that grant absolute control over blockchain assets, differing from account passwords on centralized exchanges [6] - It highlights the importance of securely backing up private keys using mnemonic phrases, which are easier to remember and write down compared to long strings of characters [7] Group 4: Best Practices for Hot Wallet Security - Key security practices for using XBIT Wallet include ensuring device safety, being vigilant against phishing attempts, and carefully reviewing transaction details before authorizing [8] - The article advises maintaining a strategy of keeping small amounts in hot wallets for daily use while storing larger amounts in cold wallets for long-term security [8] Group 5: Utilizing Decentralized Trading Ecosystems - Users are encouraged to engage in asset exchanges through decentralized exchanges (DEX) or aggregators, allowing for direct wallet-to-wallet transactions without asset custody [9] Conclusion: Anchoring Self-Sovereignty Amidst Volatility - The article concludes that the integration of data sovereignty and asset sovereignty is becoming increasingly vital, with USDT serving as a bridge between traditional and crypto worlds [11] - It emphasizes the need for users to understand the security principles behind tools like XBIT Wallet to effectively manage their digital wealth and privacy [11]

格隆汇12月8日｜比特币升破92000美元，美股加密货币概念股盘前上涨，Coinbase Global涨2.3%， Bitfarms涨2.1%，Strategy涨2.7%。 ...

每经AI快讯，12月8日，美股加密货币概念股盘前上涨，Coinbase Global涨2.3%，Bitfarms涨2.1%， Strategy涨2.7%。 每日经济新闻 （责任编辑：王治强 HF013） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Core Insights - Bybit has announced a strategic partnership with Circle, the issuer of USDC, to enhance the application of USDC across its spot, derivatives, and payment products [1] - The collaboration aims to improve liquidity and fiat on/off-ramp efficiency for USDC [1] - Both companies will explore cross-chain liquidity and institutional-grade financial solutions [1] - Bybit has joined the Circle Arc public test network to participate in the infrastructure development for stablecoins [1]

International News - Japan's economic data underperformed expectations, with Q3 GDP at an annualized rate of -2.3%, lower than the forecast of -2.0% [1][5] - The international precious metals market showed volatility, with spot gold surpassing $4200 per ounce, gaining 0.09% intraday; meanwhile, New York futures gold exceeded $4230 per ounce, declining 0.32% intraday [1][5] - In the energy market, U.S. natural gas futures fell over 3.00%, currently reported at $4.101 per million British thermal units [2][6] - The cryptocurrency market has been rising, with Bitcoin's price experiencing fluctuations, breaking above $91000, with an intraday increase of 2.13%; it previously briefly surpassed $90000, with an intraday rise of 0.89%; Ethereum also increased, surpassing $3100, with an intraday gain of 2.15% [2][6] - U.S. Treasury Secretary Bessent stated that the U.S. GDP growth rate is expected to reach 3% this year [3][7] Domestic News - In response to Japan's claims regarding "radar illumination," China's Ministry of Foreign Affairs firmly rejected Japan's so-called negotiations and has refuted them on the spot [8] - The spokesperson emphasized that the truth is that Japanese fighter jets frequently interfere with China's normal military activities, posing the greatest risk to maritime and air security [8] - China has lodged counter-negotiations with Japan in both Beijing and Tokyo, strongly urging Japan to cease its disruptive actions against China's normal training activities and to stop all irresponsible false claims and political manipulation [8]

当全球经济在不确定性中艰难前行时，顶层财富圈的动态总能折射出别样的发展脉络。 瑞银集团与财富情报公司Altrata近期先后发布的报告，共同勾勒出2025年全球亿万富翁群体的全新面貌。 人数再创新高、财富规模大幅攀升，这一现象背后是科技浪潮的推动还是资本周期的必然？不同机构的统计差异又暗藏着怎样的统计口径玄机？ 瑞银《2025年亿万富豪报告》给出的核心数据颇具冲击力：全球资产超10亿美元的亿万富翁已达2919人，较去年增长8.8%。 他们掌控的财富总量更是飙升至15.8万亿美元，同比增幅高达13%。另一机构Altrata的统计虽在具体数字上有所差异，3508位亿万富翁、13.4万亿美元财 富。 两组数据的细微差距，实则源于统计口径的不同，瑞银的统计锚定截至2025年4月的过去12个月。 而Altrata的分析则覆盖了更广泛的统计样本，这种差异在财富研究领域实属常见，却也从侧面印证了亿万富翁群体扩张的普遍性。 值得注意的是，瑞银指出今年新增亿万富翁数量达到287人，这是自2015年该机构开始追踪相关数据以来的第二高纪录。 财富增长的背后，是新晋富豪群体的多元构成，瑞银报告显示，287位新晋亿万富翁中，196位属于 ...

Investment Rating - The report maintains a cautious outlook on the cryptocurrency market, suggesting a neutral to optimistic sentiment as the December interest rate cut approaches, but expresses caution for the market's performance post-January 2026 [4][27]. Core Insights - Current market sentiment is relatively pessimistic, with a potential rebound expected in the short term due to anticipated interest rate cuts by the Federal Reserve [4][27]. - The cryptocurrency market capitalization remains stable at $3.11 trillion, with Bitcoin and Ethereum experiencing slight declines of 1.7% and 0.3% respectively [10][11]. - The fear and greed index for cryptocurrencies is at 21, indicating a state of fear among investors [11]. - The average holding price for Bitcoin is approximately $56,354, which is below the short-term investors' cost but above that of long-term holders [11]. - The options market indicates a higher probability of price increases for Bitcoin in the coming month, with significant short liquidation expected if prices rise [12][12]. Summary by Sections Market Review - The total cryptocurrency market capitalization is $3.11 trillion, unchanged from the previous week [10]. - Bitcoin closed at $89,388, down 1.7%, while Ethereum closed at $3,024, down 0.3% [10][11]. - The probability of a 25 basis point rate cut by the Federal Reserve in December is projected at 86.2% by CME FedWatch and 93% by Polymarket [10]. Global Policy and Industry News - The Chinese Internet Finance Association warns against illegal financial activities related to virtual currencies [20]. - The UK has officially recognized cryptocurrencies as property through new legislation [22][24]. - Russia plans to introduce comprehensive cryptocurrency regulations by 2026, potentially easing investor access [20][21]. Company News - Strategy has established a reserve of $1.44 billion to cover preferred stock dividends and debt interest [26]. - Twenty One Capital is set to merge with Cantor Equity Partners and will begin trading under the ticker "XXI" on December 9 [25]. - IREN successfully raised $3.6 billion, including $2 billion in convertible bonds and $1.6 billion from stock issuance [25]. Investment Recommendations - The report suggests focusing on cryptocurrency mining companies that are transitioning to AI data centers and those with significant power reserves, such as IREN Limited and Riot Platform [4][27].