BlockBeats news, on December 8, according to Yonhap News Agency, local time on the 8th, the South Korean Prosecutor's Office announced the arrest of former Defense Minister Kim Dong-hyun, accusing him of involvement in the "presidential martial law incident" on December 3. Former Defense Minister Kim Dong-hyun voluntarily went to the prosecutor's office for questioning around 1 a.m. local time on the 8th. (Jin Shi)

BlockBeats News, on December 8, local time on the 8th, the South Korean Prime Minister and the head of the ruling party will make a joint statement on the political situation in South Korea. (Kim Ten)

BlockBeats news, on December 8, Trump's newly appointed White House AI and cryptocurrency director David Sacks retweeted his earlier ten points on Bitcoin, including:

Started buying Bitcoin in 2013 when the price was only $130, with a current increase of 76,000%;

A profound understanding of the importance of Bitcoin as a decentralized currency and its role in hedging against the devaluation of fiat currency;

Believes that Satoshi Nakamoto should become a billionaire, highly recognizes the importance of his invention;

Currently making a fictional movie about Satoshi Nakamoto, 'like watching (The Social Network) without knowing who Zuckerberg actually is';

BlockBeats news, December 8, according to HTX market information, Bitcoin broke through $100,000 this morning, reaching a high of $100,439, currently quoted at $99,811, with a 24-hour decline of 0.34%.

BlockBeats news, on December 8, according to HTX market information, Ethereum broke through $4,000 this morning, reaching a high of $4,024, currently quoted at $4,003, with a 24-hour decline of 0.25%.

BlockBeats News, December 7th, according to monitoring data from Farside Investors, the cumulative net inflow of the US Ethereum spot ETF this week is $836.8 million.

According to BlockBeats, on December 7, market analyst VentureFounder predicts that Ethereum will experience an 'impulsive breakout' in the coming months.

The analyst pointed out that Ethereum's current trend is similar to its cycle from 2016 to 2017, predicting a repeat of the explosive rise that drove ETH to new highs at that time.

VentureFounder's ETH price target is to reach $15,937 by May 2025, which would be the first time Ethereum's market capitalization surpasses $1 trillion.

To realize this bullish scenario, analysts emphasize the importance of Ethereum maintaining $3,800 as weekly support. Successfully holding this level will increase the likelihood of retesting its historical high of $4,878 in the short term, followed by a potential further rise. (Cointelegraph)

BlockBeats news, on December 7, according to market data, AERO broke through $2.3, currently quoted at $2.32, reaching a historical high, with a 24-hour increase of 17.08%.

BlockBeats news, on December 7, Han Dong-hoon, the leader of the ruling party in South Korea, stated that the issue of President Yoon Suk-yeol's position is fully entrusted to the People Power Party.

Han Dong-hoon stated that the orderly advancement of President Yoon Suk-yeol's resignation will be pursued, and during this process, there will be consultations with the Democratic Party. Han Dong-hoon mentioned that before Yoon Suk-yeol steps down, he will be 'effectively in a state of not performing his duties.'

On the afternoon of the 7th local time, the National Assembly of South Korea held a plenary meeting to vote on the impeachment of President Yoon Suk-yeol. Since the number of voting members did not reach the legal requirement, the vote was invalid, and the impeachment case was dismissed. (Kim Ten)

BlockBeats News, December 7, the leader of South Korea's ruling party stated that President Yoon Suk-yeol has promised to resign early. (Jinshi)

BlockBeats news, on December 7, according to monitoring data from Farside Investors, the net inflow of the U.S. Bitcoin spot ETF this week reached $2.7297 billion.

BlockBeats news, on December 7, regarding the impeachment case of President Yoon Suk-yeol being dismissed due to the ruling party, the People Power Party's spokesperson stated, 'We apologize to the people who suffered greatly due to the announcement of a state of emergency, the People Power Party will formulate strategies to stabilize the political situation and minimize the political vacuum.'

It is reported that the People Power Party's floor leader Qiu Qinghao and the party's policy chairperson Kim Sang-hoon have currently submitted their resignations. (Kim Ten)

Original author: 0x 嘉然, crypto researcher.

Introduction

One day in the crypto world is equivalent to three years in the human world.

In these three years, the entire market has fallen from the bull market in the first half of 2021 into the depths of the bear market, and then transitioned to a bull market by the end of 2024. Bitcoin surpassed $100,000, and during this period, countless projects did not survive the bear market, collapsing, becoming silent, and returning to zero.

Three years is really a long time for a crypto project; there are very few projects that can continue to survive and create new value and achievements. Is it really possible for an old tree to bloom anew, and an old coin to be revitalized?

Yes, a current example is SOL (Solana ecosystem token).

BlockBeats News, December 7, the National Assembly of South Korea held a plenary session today to vote on the impeachment case against President Yoon Suk-yeol. The impeachment motion against Yoon Suk-yeol was not passed as the vast majority of ruling party members from the People Power Party left the session to boycott the impeachment vote.

In the end, due to the boycott by the ruling party, the impeachment vote did not meet the requirement of at least two-thirds approval from all members to pass and was not approved.

Before the voting on that day, the South Korean opposition party stated that even if the vote in the National Assembly did not pass this time, they would continue to initiate the impeachment case against Yoon Suk-yeol in the future. (Jinshi)

Original title: 16 insights from New York Times bestseller Read Write Own Original source: a16z Crypto

Original compilation by: Scof, ChainCatchert

This article excerpts some brilliant points from Chris Dixon, founder and managing partner of a16z Crypto, in his new book (Read Write Own: Unlocking the Trends and Potentials of Blockchain Networks in WEB3), compiled from a16z-related tweets. The following is the original compilation:

Looking for deeper insights into the worlds of technology, business, and startups? Want to understand the history and future of the internet? Need a concise explanation of the cryptocurrency and blockchain movement and its significance? We have prepared the answers for you.

According to BlockBeats, on December 7, according to Whale Alert monitoring, at around 19:41 Beijing time, an address holding 870,019 DOGE (391,889 US dollars) was activated after 11 years of dormancy.

BlockBeats news, on December 7, according to HTX market data, Ethereum has rebounded and surpassed $4000, currently quoted at $4003.3, with a 24-hour increase of 3.66%.

BlockBeats reported that on December 7, Celestia co-founder Nick White posted on social media, "The core of blockchain is verifiability, aimed at freeing us from committees and intermediaries. A more decentralized committee is still a committee."

Ethereum co-founder Vitalik Buterin stated on social media, "If Ethereum abandons verifiability and accepts committees and centralized intermediaries as the solution to everything, I would consider it no longer Ethereum."

In addition to verifiability, I would also add highly democratized participation.

BlockBeats news, on December 7, according to Coinglass data, the total open interest of Bitcoin futures contracts across the network is 616,730 BTC (approximately 61.6 billion USD).

Among them, the open interest of CME Bitcoin contracts is 195,620 BTC (approximately 19.51 billion USD), ranking first;

The open interest of Binance Bitcoin contracts is 123,270 BTC (approximately 12.31 billion USD), ranking second.

BlockBeats news, on December 7, according to HTX market data, the market capitalization of BABYDOGE has exceeded 560 million USD, currently reported at 560.9 million USD, with a 24-hour increase of 41.98%.