[South Korea Proposes Legislation Requiring Crypto Exchanges to Bear No-Fault Compensation Liability] The South Korean government is advancing legislation to introduce a 'no-fault compensation' rule for major cryptocurrency exchanges, requiring virtual asset service providers to bear compensation liability for user losses caused by hacking incidents or system failures, even if no fault is found. Currently, such compensation rules only apply to traditional financial institutions and electronic payment companies. This policy initiative stems from a security incident on the Upbit platform on November 27, where approximately 44.5 billion KRW (around $30.1 million) worth of assets were transferred to external wallets. Data shows that from the beginning of 2023 to September of this year, the five major exchanges experienced a total of 20 system failures, resulting in cumulative losses of approximately 5 billion KRW, with Upbit accounting for 6 incidents and losses of about 3 billion KRW. The draft also proposes raising technical security requirements and increasing the maximum fine for hacking incidents to 3% of annual revenue. Regulatory authorities are currently investigating Upbit's delayed reporting of the incident.
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더보기 >疑似Wintermute钱包两周内积累520万美元SYRUP代币
[Suspected Wintermute Wallet Accumulates $5.2 Million in SYRUP Tokens Within Two Weeks] According to Arkham monitoring data, a wallet suspected to belong to Wintermute has withdrawn and transferred $5.2 million worth of SYRUP tokens from multiple exchanges over the past two weeks. As of now, the wallet holds $6.1 million worth of SYRUP tokens, approximately 20.397 million tokens.
马斯克抨击欧盟1.2亿欧元罚款并呼吁废除欧盟
[Musk Slams €120 Million EU Fine and Calls for Abolishing the EU] Musk expressed strong dissatisfaction with the €120 million fine imposed by the EU on the social media platform X, calling the EU's decision absurd in a post on X, even noting that he was personally fined. He stated that he would respond to the relevant senior EU officials and called for the abolition of the EU. The U.S. government condemned the EU's fine, claiming it specifically targets American companies. U.S. President Trump warned that if the EU continues to penalize American tech companies, the U.S. will impose additional tariffs on the EU.
新建钱包向Hyperliquid存入300万枚USDC开设杠杆多单
[New Wallet Deposits 3 Million USDC into Hyperliquid to Open Leveraged Long Position] According to Onchain Lens monitoring, a newly created wallet deposited 3 million USDC into Hyperliquid to open a 10x leveraged long position on HYPE.
美SEC将举办加密货币与隐私圆桌会议 或评估监管权重
[US SEC to Host Cryptocurrency and Privacy Roundtable, May Evaluate Regulatory Weight] The U.S. Securities and Exchange Commission (SEC) will hold a roundtable on cryptocurrency, financial surveillance, and privacy on December 15, with participants including Zcash founder Zooko Wilcox from the cryptocurrency privacy project. Analysts suggest that the SEC may evaluate the regulatory weight of cryptocurrency privacy projects in its rule-making process during the meeting. If zero-knowledge proofs are deemed compliant, they may be incorporated into relevant regulations; however, if the meeting divides into two camps—'privacy rights' versus 'privacy enabling crime'—the SEC may continue to adopt a surveillance-focused framework, potentially triggering legal challenges from privacy advocates.
BTC large transactions reveal main trend: net outflow of $5.89 million, strong bearish signal
In the past 12 hours, the large transaction indicator shows that the main force has sold a total of $5.89 million without any buying actions, indicating a clear bearish intention. Especially after 20:00 last night, there were three consecutive large market sell orders exceeding one million US dollars, with the largest order reaching as high as $3.56 million, directly suppressing the price below $89000. Combined with the K-line pattern, a dual bearish signal of black three soldiers and top split appeared in the 16:00 cycle, further verifying the bearish direction of the main force. The current price is below the EMA24 and EMA52 moving averages, with medium to long-term trends under pressure, and trading volume continues to shrink, resulting in weak market buying. The large transaction indicator captures the main behavior in advance, helping you accurately predict the turning point of the market. Open a membership, grasp the main trends, and quickly lay out! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.