[Indian Police Arrest Former Coinbase Customer Service Employee in Data Breach Case] On December 29, Indian police in Hyderabad arrested a former Coinbase customer service employee suspected of involvement in the internal data breach disclosed in May of this year. This marks the first arrest in the case. Coinbase CEO Brian Armstrong confirmed the news. Investigations revealed that cybercriminals bribed overseas customer service personnel to gain system access, stealing sensitive information of 69,461 users. The attackers attempted to extort $20 million, but Coinbase refused to pay and instead set up a bounty program of the same amount to track down those involved. The incident has resulted in $307 million in expenses. Coinbase is now facing a shareholder class-action lawsuit and has stated that it will continue to cooperate with international law enforcement agencies in the investigation.

Billionaire Tim Draper has stated that Bitcoin is about to disrupt the trillion dollar global salary industry, emphasizing that "global talent needs a global currency. （The Bitcoin Historian）

[A Whale Sells 100,000 HYPE and Goes Long on 500,000 LIT] On December 29, approximately one hour ago, a certain wallet address sold 100,000 HYPE (approximately $2.5 million), then transferred the funds to another wallet and initiated a 5-hour TWAP to go long on 500,000 LIT (approximately $1.73 million). So far, 77,000 LIT (approximately $266,000) have been traded. A related wallet address almost simultaneously unstaked 100,000 HYPE (approximately $2.54 million), which will unlock in 7 days. This address received a total of 684,415.94 HYPE during the TGE, making it the 20th largest airdrop recipient. The cumulative profit from HYPE alone has exceeded $17 million.

[Hyperliquid Unstakes 1.2 Million HYPE Tokens Today] On December 28, Hyperliquid clarified the team's token unlocking schedule in a Discord announcement, stating that 1.2 million HYPE tokens will be unstaked today and distributed to team members on January 6. Future token distributions will be uniformly scheduled for the 6th of each month.

[Coinbase Head of Research: Dedicated Blockchain Networks Are Rapidly Emerging, Reshaping the Competitive Landscape of Crypto Infrastructure] On December 29, Coinbase Head of Investment Research David Duong stated that dedicated blockchain networks (including L2s, standalone L1s, and application-specific chains) are rapidly emerging and reshaping the competitive landscape of crypto infrastructure. For example, the Arc platform built by Circle focuses on institutional-grade application scenarios centered around USDC; the Tempo network, incubated by Stripe and Paradigm, focuses on cross-border payments and international trade; and the Canton Network is building a private permissioned blockchain environment to unlock institutional capital. Institutions are inclined to launch their own blockchains to maintain control over data sovereignty and compliance environments, and this trend may accelerate in the short term. In the long term, highly customized blockchains will achieve deep composability through interoperability layers, and projects that balance optimization and connectivity may ultimately hold an advantage.