Main Password: The US encryption regulatory framework is accelerating its formation, with the main player making a $100 million bet in this direction

[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.

On chain data shows that DOYR's market value has exceeded 15 million US dollars, with addresses 0x234... 655fd generating a floating profit of 193000 US dollars and a return rate of 78.58.9%. The address purchased 2.773 BNB (2456 USD) at an average price of 0.0001444 USD 5 minutes after the token was launched, and subsequently sold 23.6% DOYR. Currently, it still holds 13 million tokens. (Auntie Ai)

Binance ADA/USDT's perpetual trading volume surged 17 times within 10 minutes, with a turnover of $120 million in the past 24 hours, an increase of 0.29% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

[OKX Announces Delisting of PIGGYUSDT Perpetual Contract in 2025] According to the official announcement from OKX, the PIGGYUSDT perpetual contract will be delisted on December 7, 2025, at 16:00 (UTC+8).