Google acquires shares of publicly traded Bitcoin mining company

Google, with a market value of approximately $2 trillion, is acquiring shares in publicly traded Bitcoin mining companies, marking the latest move by tech giants into the Bitcoin industry. （The Bitcoin Historian）

[Christmas Week Spot Bitcoin ETF Net Outflow of $782 Million] Data from December 29 shows that U.S.-listed spot Bitcoin ETFs saw a cumulative net outflow of approximately $782 million during Christmas week, with a single-day outflow of $276 million on Friday, marking the peak outflow during the holiday period. BlackRock's IBIT experienced a single-day outflow of nearly $193 million, Fidelity's FBTC saw an outflow of about $74 million, and Grayscale's GBTC continued with small-scale redemptions. The total asset size of spot Bitcoin ETFs dropped to approximately $113.5 billion, down from over $120 billion at the beginning of December. Bitcoin's price remains near $87,000, with the outflows possibly linked to year-end asset rebalancing and reduced liquidity during the holiday season.

[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.