[Binance Confirms Employee Profited from Insider Information, Suspended and Will Face Legal Action] Binance announced that an investigation confirmed an employee profited from insider information by posting content on official social media. The employee was involved with a token issued on-chain at 13:29 on December 7 and posted related content less than a minute later. The employee has been suspended, and Binance has contacted judicial authorities and will take legal action. Meanwhile, Binance will distribute a $100,000 reward equally among five early effective whistleblowers.

[Ripple Completes Approximately $500 Million Secondary Market Share Sale at a $40 Billion Valuation] Ripple has completed an approximately $500 million secondary market share sale, valuing the company at around $40 billion. The terms include a buyback right for investors at a higher price, securing returns for participants including Citadel.

[Amber Group and Metalpha Withdraw a Total of 9,000 ETH from Binance] Amber Group withdrew 6,000 ETH, worth approximately $18.8 million, from Binance 2 hours ago; Metalpha withdrew 3,000 ETH, worth approximately $9.4 million, from Binance 3 hours ago.

[AllScale Completes $5 Million Seed Round Financing Led by YZi Labs] AllScale has completed a seed round financing of approximately $5 million, led by YZi Labs (EASY Residency S2), with participation from Informed Ventures and Generative Ventures, and has established an ecosystem partnership with BNB Chain. The platform is positioned as a self-custodial stablecoin 'neobank' for global micro-enterprises and freelancers, offering stablecoin payment and receipt services, invoicing, and settlement tools. It supports account abstraction and an LLM financial assistant, featuring a passkey wallet without mnemonic phrases and multi-chain 'paymaster' gas fee payment functionality. The platform has already integrated with BNB Chain and high-efficiency Layer 2 networks, with plans to expand to the Latin American market next quarter and has established partnerships with freelancer communities in Africa.

Long-term holder supply bottomed when bitcoin sank to $80K, signaling that the wave of spot-driven selling may be nearing exhaustion as prices rebound to $90K.