Crypto Morning Brief: BPCE Bank in France allows customers to buy and sell cryptocurrencies; this week, tokens including APT, CHEEL, and LINEA will undergo large-scale unlocks
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Crypto Morning Brief: BPCE Bank in France allows customers to buy and sell cryptocurrencies; this week, tokens including APT, CHEEL, and LINEA will undergo large-scale unlocks
Vitalik Buterin proposes establishing an on-chain gas futures market to address Ethereum's fee volatility.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Trump announces plan to replace individual income tax with tariff revenue
Trump recently stated: "In the near future, you will no longer need to pay individual income taxes." He plans to replace the current individual income tax system with revenue generated from tariffs.
U.S. SEC updates cryptocurrency and privacy roundtable agenda; Zcash founder Zooko Wilcox to attend
The U.S. Securities and Exchange Commission (SEC) will host a roundtable on December 15 regarding cryptocurrencies, financial surveillance, and privacy. The event will be opened by senior SEC officials, including Richard B. Gabbert, head of the Crypto Task Force, Chairman Paul S. Atkins, and several commissioners.
Event highlights include:
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Zcash founder Zooko Wilcox will deliver a keynote speech
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Koh, CEO of Aleo Network Foundation, will also speak
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A panel discussion moderated by Yaya J. Fanusie, Global Policy Director at Aleo Network Foundation
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Participants include policy analysts from ACLU, the Blockchain Association's CEO, and representatives from multiple privacy technology firms
Vitalik Buterin proposes establishing an on-chain Gas futures market to address Ethereum fee volatility
Ethereum co-founder Vitalik Buterin posted on social media advocating for the creation of a trustless on-chain Gas futures market to predict and hedge against future fluctuations in Ethereum transaction fees. He said such a market would provide users with clear signals about future Gas costs and allow them to lock in Gas prices for specific time periods in advance.
Solana community questions Jupiter Lend’s risk disclosures; Kamino suspends one-click migration tool
The Solana community has recently raised concerns over Jupiter Lend's risk disclosures. Samyak Jain, co-founder of Fluid, admitted that Jupiter Lend’s treasury employs rehypothecation to improve capital efficiency and is “not fully isolated.” Marius, co-founder of Kamino, recently announced the blocking of Jupiter Lend’s migration tool, citing user misinformation about protocol design and risks. The controversy centers on Jupiter Lend’s claim of having “isolated vaults,” while in practice using rehypothecation techniques that prevent full isolation.
Binance releases December proof of reserves: Multi-currency reserve ratios exceed 100%
Binance’s latest December proof of reserves shows the platform continues to maintain at least a 1:1 reserve ratio for user assets. According to audit data from block height 925938, BTC reserves reached 102.11%, USDT 109.16%, ETH 100.00%, BNB 112.32%, and USDC as high as 137.70%. Binance uses zk-SNARKs technology and Merkle tree verification mechanisms to ensure data transparency and credibility. Users can verify whether their assets are included in the audit report via the “Wallet - Proof of Reserves Report” page on the official website.
Binance responds to “suspected employee early token launch” incident, pledges zero-tolerance investigation
Binance’s official customer service responded to the “suspected employee early token launch” incident, stating, “We have noted the related feedback and are conducting an internal review. We maintain a zero-tolerance stance toward any behavior involving listing manipulation or corruption. Once the investigation concludes, we will promptly inform the community of developments.” According to widely circulated information, a suspected Binance official Twitter staff member or insider launched a Meme coin at 13:29:45 today, while the official Twitter account published promotional content on the same topic at 13:30:00. Multiple users have provided blockchain addresses on social media as evidence of suspected insider trading. The community remains in speculation mode, awaiting Binance’s official investigation results.
Star responds to debt dispute with Moore Threads’ Li Feng: Let the law handle it
OKX founder Star responded on X to the debt dispute with Moore Threads’ Li Feng: “People shouldn’t remain stuck in the shadow of negative history. Look forward and contribute more positive energy. Debt issues should be left to the legal system. Wishing every entrepreneur well.” Earlier reports indicated that Li Feng, co-founder of Moore Threads dubbed “China’s first GPU unicorn,” was accused of launching a token to raise funds and failing to repay a loan of 1,500 BTC.
French bank BPCE now allows customers to buy and sell cryptocurrencies
According to market news, French bank BPCE has allowed customers to buy and sell cryptocurrencies.
Seven Chinese associations, including the Internet Finance Association, issue warning on risks of illegal activities involving virtual currencies
Seven organizations, including the Internet Finance Association of China, issued a joint risk alert regarding illegal activities involving virtual currencies. “Recently, concepts related to virtual currencies have rapidly gained attention, and some bad actors are promoting speculative trading activities under the guise of stablecoins, meme coins (such as Pi Coin), real-world asset (RWA) tokens, and ‘mining,’ carrying out illegal fundraising, pyramid schemes, fraud, and using virtual currencies to transfer illicit proceeds—seriously harming public property security and disrupting normal economic and financial order. To further implement requirements from the People’s Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission, including the ‘Announcement on Preventing Risks of Token Issuance Financing’ and the ‘Notice on Further Preventing and Addressing Speculative Risks of Virtual Currency Trading,’ and to act on the spirit of the interdepartmental coordination meeting on combating virtual currency speculation, the Internet Finance Association of China, the China Banking Association, the Securities Association of China, the Asset Management Association of China, the China Futures Association, the China Association for Public Companies, and the China Payment Clearing Association jointly issue this risk notice.”
Michael Saylor posts Bitcoin Tracker update; new accumulation data expected next week
MicroStrategy founder Michael Saylor posted updated Bitcoin Tracker information, writing “₿ack to Orange Dots.” Based on previous patterns, MicroStrategy typically discloses new Bitcoin accumulation details the day after such messages.
This week, tokens including APT, CHEEL, and LINEA will undergo large-scale unlocks
Data from Token Unlocks shows that major token unlocks are scheduled this week for APT, CHEEL, LINEA, and others. Specifically:
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APT will unlock 11.31 million tokens on December 11, worth approximately $19.23 million, representing 0.83% of circulating supply;
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CHEEL will unlock 20.81 million tokens on December 13, worth approximately $10.82 million, representing 2.86% of circulating supply;
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LINEA will unlock 1.38 billion tokens on December 10, worth approximately $10.75 million, representing 6.76% of circulating supply;
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BB will unlock 29.93 million tokens on December 9, worth approximately $2.55 million, representing 3.42% of circulating supply;
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MOVE will unlock 50 million tokens on December 9, worth approximately $2.18 million, representing 1.79% of circulating supply;
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W will unlock 50.41 million tokens on December 12, worth approximately $1.96 million, representing 1.00% of circulating supply;
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IOTA will unlock 12.37 million tokens on December 10, worth approximately $1.25 million, representing 0.33% of circulating supply.
Market Update
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Who Are the Biggest Winners Behind Moore Threads After a 6,200x Surge?
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