'Insider Whale' ETH Holdings Exceed $165 Million, Turning from Profit to Loss, Places Order to Buy 20,000 ETH

[Trump says Netflix's acquisition of Warner may trigger antitrust issues, involving a value of $82.7 billion] U.S. President Trump expressed concerns on December 7 local time about Netflix's acquisition of Warner Bros. Discovery, stating that the market share of the merged entity could raise 'antitrust issues.' Netflix announced on the 5th that it would acquire the core business of Warner Bros. Discovery at $27.75 per share, involving a total enterprise value of $82.7 billion, including an equity value of $72 billion.

BBX News: Last week, global listed companies upgraded their encrypted treasury strategies comprehensively: ETH Treasury Expansion: BitMine (NYSE: BMNR) purchases approximately $150 million worth of ETH to continue consolidating its ETH treasury position BTC continues to increase holdings: American Bitcoin, ANAP, and other companies have collectively increased their holdings of over 424 BTC; Lion Group raises 9.98 million yuan for special coin purchase - Financing Strategization: SMX (NASDAQ: SMX) receives up to $111.5 million in financing authorization, Massimo approves five-year BTC strategy Institutional allocation has shifted from "exploratory" to "structured", with a weekly disclosure of investments and financing exceeding 210 million US dollars. Source: bbx.com

In the past three days, three new wallets have withdrawn a total of 48.43 million FF tokens worth approximately 5.33 million US dollars from Binance, Bitget, and Gate.io. （Lookonchain）

[Upbit has frozen approximately $1.77 million in compromised assets and continues to track outflowing funds] Upbit operator Dunamu stated that the platform has frozen approximately 2.6 billion KRW (around $1.77 million) in compromised assets and is advancing related processes to ensure recovery. Upbit is utilizing its on-chain automatic tracking system (OTS) to trace outflowing funds and is collaborating with global exchanges to block liquidity. Although customer losses have been fully compensated by Upbit, the platform will continue to track and freeze the assets. Upbit resumed all deposit and withdrawal services on the 6th.

Farcaster co-founder Dan Romero announced that the platform will undergo a strategic adjustment, abandoning the "social-first" approach followed for over four years and shifting to a wallet-centric growth model. The team stated that the in-app wallet functionality is currently the module closest to product-market fit and will adopt the approach of "using tools first, then building the network." Romero emphasized that the Farcaster protocol will remain open and decentralized, while the official app will focus on expanding capabilities in the intersection of wallets and social features. Additionally, Farcaster had previously acquired the token issuance platform Clanker.