High-throughput Ethereum scaler MegaETH debuts public testnet, hitting 20,000 TPS on day one

[Yilihua Plans to Invest $1 Billion to Buy ETH] Yilihua posted on the X platform that Trend Research is preparing to allocate an additional $1 billion and will continue to increase its holdings of ETH. He advised against shorting and stated that this is a historic opportunity.

[Hyper Foundation Confirms HYPE in Aid Fund Address Has Been Burned] Hyper Foundation announced on Platform X that the HYPE in the aid fund system address (0xfefefefefefefefefefefefefefefefefefefe) has been officially burned. Governance voting results show that 85% of equity votes were in favor of the burn, 7% opposed, and 8% abstained.

[The Hong Kong Securities and Futures Commission Adds Koin Kakao and Globiance X/Globiance HK to the Alert List] The Hong Kong Securities and Futures Commission (SFC) announced that 'Koin Kakao' and 'Globiance X Limited / Globiance HK Limited' have been added to the alert list of suspicious virtual asset trading platforms. The SFC noted that both companies promote the operation of virtual asset trading platforms and are suspected of conducting unlicensed activities. Additionally, investors have reported difficulties in withdrawing assets from 'Globiance X/Globiance HK'.

[Drift Foundation Plans to Allocate $9 Million to Support Drift Labs Operations] Drift Foundation has published the DIP-9 proposal on its governance forum, planning to allocate $1.5 million per month from protocol fees to Drift Labs for operational expenses such as engineering infrastructure, subscriptions, and gas fees. If the proposal is approved, an initial payment of $9 million will be made, covering operations until the first half of 2026, with subsequent allocations spanning 18 months. Voting on the proposal will begin on December 24, 2025, with an initial execution period of two years. Currently, the Drift protocol has accumulated $42 million in total fee revenue.

[ICBC Singapore Branch Pilots Digital RMB Overseas Top-Up] Under the guidance of the Digital Currency Research Institute of the People's Bank of China and the Monetary Authority of Singapore, ICBC Singapore Branch has launched an innovative pilot for overseas top-up of personal digital RMB wallets. Singaporean tourists can register wallets via the digital RMB app and use ICBC Singapore Branch accounts to complete top-ups, enabling payments for transportation, shopping, dining, and other scenarios within China.