[BlackRock CEO Calls Bitcoin a 'Fear Asset'] BlackRock CEO Larry Fink stated at the DealBook Summit on December 3 that Bitcoin is a 'fear asset.' He believes that people hold Bitcoin out of fear for personal and financial security, and that increased uncertainty drives Bitcoin's price higher, while diminished fear causes its price to drop. He pointed out that Bitcoin is different from the $13.5 trillion in assets managed by BlackRock, which he says represent more 'hope.' Larry Fink had previously referred to Bitcoin as an 'index of money laundering and theft' in 2017. Currently, BlackRock manages the world's largest Bitcoin ETF, holding over 780,000 Bitcoins valued at approximately $80 billion.

[Portal to Bitcoin Completes $25 Million Financing and Launches Atomic OTC Platform] Bitcoin-native interoperability protocol Portal to Bitcoin announced the completion of $25 million financing, led by JTSA Global. Previously, institutions such as Coinbase Ventures, OKX Ventures, and Arrington Capital had invested in the company. Additionally, Portal to Bitcoin launched the Atomic OTC trading platform, promising instant, trustless cross-chain settlement for large-scale transactions.

[CertiK Releases Report: U.S. Digital Asset Regulation Forms Systematic Framework for the First Time] On December 4, Web3 security company CertiK released the '2025 Skynet U.S. Digital Asset Policy Report.' The report outlines the overall trends in U.S. digital asset regulation by 2025, highlighting that the U.S. has established a clear and systematic regulatory framework for digital assets for the first time, covering core aspects such as issuance, trading, and custody. Legislative and administrative reforms at the federal level are accelerating convergence, driving the market from the 'exploration phase' to the 'systematic stage.' The report also mentions that as the direction of regulatory standards becomes clearer, digital assets are gradually integrating into the U.S. financial system. Financial institutions are shifting their strategic focus toward licensed digital assets, and code auditing has become a critical measure to ensure security and compliance.

According to DefiLlama data, the trading volume of the decentralized perpetual contract exchange exceeded $1 trillion in November, marking the second consecutive month that it has surpassed this level. （Cointelegraph）

[Aave Labs and CoW Swap Collaborate to Launch Intent-Based Flash Loan Product] Aave Labs is expanding its partnership with CoW Swap by integrating the solver network of the DEX aggregator into all exchange functionalities on ((Aave.com)) and launching an intent-based flash loan product. The new model enables developers and advanced users to execute complex transactions more efficiently, applicable to scenarios such as arbitrage, refinancing, and automated applications. Once the integration is complete, ((Aave.com)) will support asset swaps, collateral swaps, debt swaps, and the 'repay with collateral' feature through CoW Protocol's batch auction system, allowing users to manage the loan lifecycle on a single platform. The related functionalities will go live on Thursday, and aToken swaps will be available via CoW Swap.