According to Odaily, Dennis Porter, co-founder of the Satoshi Act Fund, has revealed that several U.S. states are preparing to introduce legislation for sovereign Bitcoin reserves. Porter is actively lobbying local policymakers to implement Bitcoin reserve laws across ten states. He shared this development on social media platform X, highlighting the Satoshi Act Fund's efforts to promote Bitcoin-focused legislation. Porter officially announced that ten states in the U.S. are set to propose 'strategic Bitcoin reserve' legislation. He expressed confidence in the potential of Bitcoin to lead globally, stating, 'We will win with Bitcoin and lead the world.' Despite this optimistic outlook, Porter acknowledged that the process of passing such laws in these states remains a significant challenge.

As XRP trading volumes surge, institutional digital asset prime broker FalconX reported a tenfold increase in fourth quarter volumes, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, said: "XRP trading is hot. FalconX's trading volume increased 10 times in the first and second half of the fourth quarter. This is not just retail action, institutions are driving this momentum." XRP has risen more than 400% since the US presidential election on November 5. The rise is attributed to optimistic expectations of a friendlier cryptocurrency regulatory environment under the incoming Trump administration, including the possibility of the US SEC dropping its lawsuit against Ripple and approving an XRP ETF. (Bitcoin.com)

The South Korean presidential office said that the martial law order is completely within the constitutional framework, and the timing of the announcement (of the relevant measures) is to minimize the damage to the national economy and people's lives. Reports that the military interfered with lawmakers entering the National Assembly are false. (Jin Shi)

1. Yesterday, Fidelity FBTC had a net inflow of $52.2 million, and FETH had a net inflow of $73.7 million; 2. Elon Musk expressed shock at the situation in South Korea and "responded" many times on social media; 3. Analysis: TRX's recent rise may be partly affected by the political instability in South Korea; 4. Analysis: Only 4 cold wallet addresses of Binance, Bitfinex and Robinhood hold more than 100,000 BTC; 5. Analysis: RSR market maker is GSR Markets; 6. Russian court sentenced the founder of the cryptocurrency mixing service Hydra to life imprisonment; 7. BTC and ETH options with a nominal value of approximately $2.522 billion will expire and be delivered on Friday; 8. Saga: SG-1 account keys were leaked but no funds were affected, and a new validator node has been launched; 9. ZK-driven interoperability protocol Union completed a $12 million Series A financing, Longhash Ventures etc. led the investment; 10. The daily cryptocurrency trading volume of South Korean local exchanges exceeded 34 billion US dollars, setting a record high; 11. Polymarket predicts that the probability of Microsoft approving the Bitcoin investment strategy is less than 10%; 12. South Korean media: Cabinet members opposed the martial law order, and Yoon Seok-yeol insisted on his own way.

Dennis Porter, co-founder of the Satoshi Act Fund, said that multiple US states are preparing to propose sovereign Bitcoin reserve legislation. Porter is lobbying local policymakers to introduce BTC reserve legislation in the jurisdictions of 10 states and disclosed this development on X, highlighting the Satoshi Act Fund's efforts to pass Bitcoin-focused laws. He said: "I can now officially confirm and announce that 10 states in the United States will introduce "strategic Bitcoin reserves" legislation. We will win with Bitcoin and lead the world." Porter added that there is a long way to go to pass laws in 10 states.

Hyperliquid is a decentralized perpetual contract trading platform and also a Layer 1 project. Jeff shared his entrepreneurial journey, project vision, and observations on the DeFi industry.

According to Foresight News, data from Nansen reveals that the Ronin Network experienced a significant increase in transaction volume over the past 24 hours. The network recorded 2.5 million transactions, marking a 26% growth compared to previous figures. This surge in activity highlights the growing interest and engagement within the Ronin Network, which is known for its role in facilitating blockchain-based gaming and decentralized applications. The increase in transactions could be attributed to various factors, including heightened user activity and potential developments within the network's ecosystem. As the Ronin Network continues to expand its reach and capabilities, the rise in transaction volume underscores its potential as a significant player in the blockchain space. The network's ability to handle a large number of transactions efficiently is crucial for its ongoing success and adoption by users and developers alike.

Coinglass data shows that the nominal value of open BTC options positions across the entire network today is US$35.03 billion; the nominal value of open ETH options positions is US$8.76 billion.

According to a report by the South Korean newspaper Chosun Ilbo on December 4, South Korean cabinet ministers collectively resigned, and the prime minister, the ruling party, and the presidential office will hold an emergency meeting at 2 o'clock local time. All cabinet members expressed their resignation on the 4th. According to a person related to the ruling party, this morning, when meeting with Prime Minister Han Deok-soo, the members expressed their gratitude to Prime Minister Han Deok-soo. According to reports, the South Korean prime minister, the leadership of the People's Power Party, and the advisers of President Yoon Seok-yeol decided to hold a meeting at the prime minister's residence in Jongno District, Seoul at 2 pm to discuss matters related to the lifting of the blockade. Before Yoon Seok-yeol announced martial law on the evening of the 3rd, he held a cabinet meeting at the Yongsan Presidential Palace to review the martial law order, but was opposed by the cabinet members present. According to a ruling party official on the 4th, on the evening of the 3rd, Prime Minister Han Deok-soo and other cabinet members received a notice to come to the presidential palace. About half of the 19 cabinet members arrived at the presidential palace and held a cabinet meeting around 9 pm. It is said that most of the members, including Prime Minister Han, did not know in advance that the martial law order was being reviewed, and only learned about it when they arrived at the scene. (Golden Ten)

MOG's price surged over 20% after Coinbase announced on 3 December 2024 that it would list the token on its exchange, sending its price to $0.00000243. The meme coin's market cap is now approaching $1 billion, securing its position in the top 150 cryptocurrencies.

According to Cointelegraph, Bitcoin mining company Hut 8 Corp has filed a motion to dismiss a class-action lawsuit initiated by its shareholders. The lawsuit was reportedly influenced by a short-seller report from J Capital Research, which accused Hut 8 of overpaying for a company with significant operational challenges. In a filing submitted to a New York federal court on December 2, Hut 8 alleged that J Capital Research conducted a campaign aimed at devaluing Hut 8’s stock for personal gain. The crypto mining firm argued that the case stems from a short seller's attempt to profit from its short position in Hut 8, to the detriment of ordinary shareholders. Hut 8 described these actions as 'short and distort' schemes, which are often followed by shareholder class actions that echo the short seller’s negative assessments, labeling the report as a 'corrective' disclosure. The company contended that such cases are frequently dismissed and argued that this lawsuit should meet the same fate. The controversy began when J Capital Research released a report in January, alleging that Hut 8 had overstated the profitability of its acquisition of US Bitcoin Corp (USBTC), concealed operational issues at a Texas facility, and potentially hid ownership shares. Following the report's publication, Hut 8's stock plummeted by 23%, leading to multiple shareholder lawsuits in March. These lawsuits were filed by individuals who incurred losses and others who claimed that all shareholders who purchased Hut 8 shares during the specified period are entitled to compensation. Hut 8 countered these claims by stating that its stock price has surged approximately 300% since the release of J Capital’s report and has 'fully recovered.' The company also noted that many of its forward-looking public statements were safeguarded by 'safe harbor provisions,' and that warnings regarding USBTC’s limited operating history had already been disclosed. USBTC held a 50% stake in a joint venture Bitcoin mining facility in Texas, which Hut 8 acquired through a merger in November 2023. The firm further argued that the lawsuit failed to demonstrate that the alleged misrepresentations were false when made, that investors were genuinely harmed, and that there was a direct connection between the allegations and the decline in stock price. Hut 8 concluded that the shareholder complaint should be dismissed entirely, with prejudice, and requested any other relief the Court deems appropriate. On December 3, Hut 8's shares closed 3.6% lower at $25.06, with a slight 0.5% increase in after-hours trading, as reported by Google Finance. The Bitcoin miner’s stock has risen nearly 99% this year and has gained 296% since hitting a low of $6.33 in January.

Bitcoin mining company Hut 8 has filed a motion to dismiss a class action lawsuit filed by its shareholders. The company claims that the lawsuit was triggered by a short seller report that claimed that the company overpaid for a company with serious operational problems. In a filing with the New York federal court on December 2, Hut 8 said that short seller J Capital Research engaged in "a campaign to drive down Hut 8's stock price for its own benefit." The company program: "This case arises from the short seller's attempt to obtain monetary gains from its short position in Hut 8 at the expense of ordinary shareholders. These 'short and twist' schemes are often accompanied by shareholder class actions that repeat the negative views of the short sellers and refer to the report as a 'corrective' disclosure." (Cointelegraph)

Hydra market founder Stanislav Moiseev and 15 of his associates were sentenced to between 8 and 23 years in prison for their involvement in a darknet market and cryptocurrency mixer.

Grayscale has taken another major step toward expanding its influence in the digital asset market.

A spokesman for the White House National Security Council said in a statement that the South Korean president issued an emergency martial law order "without prior notice" to the Biden administration, and the White House did not receive any notification.

President-elect Trump has approached pro-crypto advocate Paul Atkins to lead the SEC, but insiders say the challenge of reforming Gensler's contentious agency may dissuade him.

This article uses the chaebol economy as a starting point to analyze South Korea's path to modernization and to reflect on the East Asian paradigm behind it.

Meme coin has almost occupied the top position in this round of bull market. Why? Because it has several unique characteristics.

My preference for productive assets with development arcs remains the same, but my appreciation for the broader potential of memecoin is much broader.

Virgin Voyages is making history as the first cruise line to accept Bitcoin, expanding on its innovative seasonal passes for unlimited voyages. Will this bold move chart success or face rough seas?