[OKX Founder Star Responds to Debt Dispute with Moore Threads Co-Founder Li Feng] OKX founder Star responded on the X platform regarding the debt dispute with Moore Threads co-founder Li Feng, stating, 'One cannot remain stuck in the shadow of negative history forever. Look to the future and contribute more positive energy. Let the legal system handle debt issues. Best wishes to every entrepreneur.' It is reported that Moore Threads co-founder Li Feng was previously accused of issuing tokens to raise funds and defaulting on a debt of 1,500 BTC.

[CME Data Center Outage Caused by Operational Error, Leading to Over 10 Hours of Trading Disruption] On December 7, multiple markets under the Chicago Mercantile Exchange (CME) experienced trading disruptions for over 10 hours due to a data center outage. Data center operator CyrusOne confirmed that the outage was caused by human operational error. Staff and contractors at the Aurora, Illinois data center failed to follow standard procedures to drain the cooling towers before freezing weather, resulting in the cooling system freezing, overpressure operation, and uncontrolled equipment temperatures. CME noted that initial remedial measures exacerbated the issue, ultimately causing multiple cooling units to fail. CME acknowledged the severe impact of the incident on its global clients.

The EU's plan to centralize cryptocurrency licensing has raised concerns in the market about a possible slowdown in industry development. （Cointelegraph）

[Analyst Says Centralized Exchange ETH Holdings Drop to Historic Low of 8.8%] Analyst Milk Road pointed out that, according to Glassnode data, the amount of ETH held in centralized cryptocurrency exchanges has dropped to 8.8%, marking the lowest level since the network launched in 2015. Since early July, the amount of ETH on exchanges has decreased by 43%, while purchases by Digital Asset Treasury (DAT) have significantly increased during the same period. In comparison, Bitcoin holdings on exchanges stand at 14.7%. Milk Road believes that ETH is being transferred to staking, Layer 2 network activities, DAT, and other areas, and the tight supply may impact its price.

[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.