[U.S. SEC Issues No-Action Letter to Fuse Crypto Limited] The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter to Fuse Crypto Limited, granting the company an exemption regarding matters related to the FUSE token. The FUSE token is used to reward users participating in power sustainability programs. Previously, decentralized network infrastructure layer DoubleZero announced that the SEC had issued a no-action letter for its 2Z token, confirming that 2Z does not need to be registered as an 'equity security' and that programmatic liquidity on the DoubleZero network does not constitute securities trading.

The US Securities and Exchange Commission (SEC) has issued a no objection letter to Fuse Crypto, a decentralized IoT project based on Solana, confirming that its token is not considered a security as it is based on utility value rather than profit expectations. （Cointelegraph）

[SlowMist Founder Yu Jian: Some Monad Airdrops May Have Been Hijacked to Hacker Addresses] SlowMist founder Yu Jian tweeted that users can check whether the wallet address bound to the previous Monad airdrop claim page matches their intended address. If it does not match, it may have been bound to a hacker's address, causing the airdrop to be sent to the hacker's address. Previously, a white hat disclosed a vulnerability where hackers could hijack a user's session on the Monad airdrop claim page and change the wallet address for claiming without further confirmation.

[Vitalik Buterin: Privacy is a basic requirement, not a feature] Vitalik Buterin commented on the potential data breach of bank customers from institutions like JPMorgan Chase, Citigroup, and Morgan Stanley due to a cyberattack on mortgage technology provider SitusAMC, stating that privacy is not a feature but a basic requirement.

[Cayman Islands Court Prohibits Maple from Launching syrupBTC Due to Alleged Contract Breach] On November 25, the Cayman Islands court issued an injunction prohibiting Maple Finance from launching the yield-generating Bitcoin product syrupBTC. Core Foundation accused Maple of using information obtained during the joint development of IstBTC to create a competing product, syrupBTC, thereby violating an exclusivity agreement. Maple, which manages assets exceeding $3 billion, denied the allegations, claiming syrupBTC was independently developed and plans to return 85% of principal to BTC Yield lenders, with the remaining 15% to be released after the legal proceedings conclude. Block Street CEO Hedy Wang and Axelar legal advisor Jason Rozovsky emphasized that DeFi products must comply with real-world contracts and laws, and assets should be stored in bankruptcy-remote structures to protect user interests.