整理：栾鹏，ChainCatcher
Important news:
South Korea's largest opposition party: If Yoon Suk-yeol does not resign immediately, impeachment procedures will be initiated.
Insiders: Trump has chosen Paul Atkins to serve as SEC Chairman.
Sources: Paul Atkins, Trump's nominee for SEC Chairman, is unwilling to accept the position.
Grayscale seeks to convert its Solana trust fund into a spot ETF and list it on the NYSE.
Mining company Foundry will lay off 60% of its workforce, affecting employees in the U.S. and international offices.
A Russian court sentenced the founder of the cryptocurrency mixing service Hydra to life imprisonment.
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South Korea's largest opposition party: If Yoon Suk-yeol does not resign immediately, impeachment procedures will be initiated.
According to the Korea Herald, after South Korean President Yoon Suk-yeol announced the implementation of martial law and lifted it more than six hours later, the largest opposition party, the Democratic Party, urged Yoon Suk-yeol to resign immediately, stating that if he does not resign immediately, they will initiate impeachment procedures.
On the same day, the Democratic Party released a resolution document after convening an emergency parliamentary meeting, stating: "Yoon Suk-yeol's announcement of emergency martial law clearly violates the constitution and does not meet any of the required conditions for declaring (martial law), making the declaration itself invalid and a serious constitutional violation, which is a serious act of internal disorder and a perfect reason for impeachment."
The Democratic Party stated, "If Yoon Suk-yeol does not resign immediately, we will represent the will of the people and immediately enter impeachment proceedings."
Insiders: Trump has chosen Paul Atkins to serve as SEC Chairman.
According to three insiders, Trump has chosen Paul Atkins to serve as chairman of the U.S. Securities and Exchange Commission (SEC). One source revealed that Trump has contacted Atkins and is waiting for his acceptance. Atkins' spokesperson did not immediately respond to requests for comment.
Current SEC Chairman Gary Gensler will leave office on January 20. Additionally, Atkins still needs to be confirmed by the Senate unless Trump opts for a recess appointment during the Senate's recess. Paul Atkins served as an SEC commissioner during the George W. Bush administration and is known for opposing "large fines for companies violating securities laws." He has long supported the cryptocurrency industry and is still involved in his consulting firm Patomak Global Partners, founded in 2009. Meanwhile, he has also served as co-chair of the Token Alliance, an industry association advocating for digital assets and blockchain since 2017.
Sources: Paul Atkins, Trump's nominee for SEC Chairman, is unwilling to accept the position.
According to CoinDesk, Paul Atkins is the preferred SEC Chairman candidate for U.S. President-elect Donald Trump, but accepting this position requires many factors to align. An individual familiar with Atkins' thoughts stated that this role is not appealing to Atkins because he believes a lot of work is needed to reverse the bloated agency mismanaged by Gary Gensler, and Atkins is unwilling to leave the global consulting firm.
Atkins is a former SEC commissioner and was seen this week at Trump's resort, according to an industry insider. He is scheduled to interview for the SEC Chairman position on Sunday and Monday, another person familiar with the meeting stated.
It is reported that Atkins is the founder and CEO of Patomak Global Partners, a global consulting firm focusing on strategy, risk management, and regulatory compliance. Patomak serves cryptocurrency companies, but they are just part of its diversified business, which also includes traditional financial clients, publicly traded companies, industry associations, law firms, banks, and insurance companies. Before founding Patomak, Atkins was a commissioner of the SEC, serving from 2002 to 2008, appointed by former U.S. President Bush. During his tenure at the SEC, Mark Uyeda and Hester Pierce worked under Atkins, the latter of whom later became an SEC commissioner.
Grayscale seeks to convert its Solana trust fund into a spot ETF and list it on the NYSE.
Grayscale is seeking to convert its Grayscale Solana Trust (GSOL) into an exchange-traded fund (ETF). This trust was established by Grayscale in 2021 and has total assets under management of 134 million USD. Grayscale becomes the fifth asset management company seeking to launch a SOL ETF.
NYSE Arca (the exchange where the ETF will be listed) submitted a 19b-4 application on Tuesday night. The U.S. Securities and Exchange Commission (SEC) requires exchanges to submit such applications to notify the SEC of proposed rule changes from self-regulatory organizations (SROs).
Mining company Foundry will lay off 60% of its workforce, affecting employees in the U.S. and international offices.
According to CoinGape reports, Bitcoin mining company Foundry has implemented layoffs, with up to 60% of its workforce affected. According to anonymous sources, the layoffs cover employees in both U.S. and international offices. The company had 250 employees, and now only 80 to 90 remain.
Foundry is a subsidiary of Digital Currency Group (DCG), and the company stated that implementing layoffs is to help focus on DCG's next plans.
A Russian court sentenced the founder of the cryptocurrency mixing service Hydra to life imprisonment.
A Russian court sentenced Stanislav Moiseev, founder of the online black market and cryptocurrency mixing service Hydra, to life imprisonment. The service processed over 5 billion USD worth of cryptocurrency during its operation.
According to a statement from the Moscow Prosecutor's Office on December 2, the Moscow Regional Court found Moiseev and his 15 accomplices guilty of organized crime and illegal production and sale of psychoactive substances and drugs. The sentences for Moiseev's 15 accomplices range from 8 years to 23 years. Moiseev was also fined 38,100 USD (4 million rubles), while his 15 accomplices were ordered to pay a total of 152,400 USD (16 million rubles). As part of the sentencing order, properties and vehicles related to the convicted individuals were also seized.
According to Russian state media TASS, they will serve their sentences in a "strict regime".
South Korean cabinet ministers collectively resign.
According to the Chosun Ilbo, South Korean cabinet ministers collectively resigned.
According to a passport official, all members of the National Security Council submitted their resignations to Prime Minister Han Duck-soo during a meeting with the Prime Minister earlier that day.
According to reports, Han Duck-soo, the leadership of the national power, and President Yoon Suk-yeol are scheduled to meet at the Prime Minister's Office in the Jongno District of Seoul at 2 PM to announce and lift the state of emergency.
Earlier that day, Chief of Staff Jeong Jin-sik, Policy Director Song Tae-yeon, National Security Bureau Chief Shin Won-sik, and all senior secretaries submitted their resignations to Yoon Suk-yeol.
Digital asset management platform Interlace has completed a 10 million USD Series B funding, led by Bitrock Capital.
Digital asset management platform Interlace has completed a 10 million USD Series B funding, led by Bitrock Capital, with participation from early employees and senior executives from Klarna and Robinhood. The new round of financing will support Interlace's continued global expansion into major markets such as APAC, the U.S., and the U.K.
Interlace is an enterprise-grade global issuance and digital asset management company based in Singapore, founded in 2019, providing efficient cross-border, cross-currency, and cross-system financial solutions for Web3, cross-border e-commerce, B2B trade, and developers.
Binance will remove NOT/BNB and RDNT/BTC spot trading pairs.
Binance will delete and stop trading NOT/BNB and RDNT/BTC spot trading pairs at 03:00 (UTC) on December 6.
The Governor of the Bank of Korea: It may enter a transitional period in the coming months, making it difficult to determine the political situation's direction.
The Governor of the Bank of Korea stated that it may enter a transitional period in the coming months, making it difficult to determine the political situation's direction. He does not believe that turmoil will force the central bank to further cut interest rates.
Justin Sun: TRON network revenue reached a new high yesterday, exceeding 20 million USD.
TRON founder Justin Sun announced on platform X that the TRON network revenue hit a historical high on December 3, with a daily income exceeding 20 million USD.
Data shows that the TRON network's total income yesterday reached 21.66 million USD, of which staking income was about 16.52 million USD, accounting for 76.27%; destruction income was about 5.14 million USD, accounting for 23.73%.
Justin Sun: A TRON TRX version of "MicroStrategy" may be launched.
TRON founder Justin Sun posted on platform X, stating, "The success of MicroStrategy demonstrates how innovation can overcome outdated regulations. Under the Trump administration, the U.S. has been unprecedentedly friendly towards cryptocurrencies; how about directly creating a TRON TRX version of MicroStrategy?"
Data: BNB's market cap surpasses SOL, ranking fifth in the cryptocurrency market cap chart.
Coingecko data shows that the current market cap of BNB is approximately 113.28 billion USD, surpassing SOL (112.52 billion USD) and ranking fifth in the cryptocurrency market cap chart.
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Dialogue with CocoCat co-founder: Reduce costs by over 90%, increase privacy protection, and create a Web3 infrastructure network for large-scale applications.
Developing a Web3 application generally faces two major challenges: one is how to truly achieve decentralization and possess privacy security capabilities, and the second is how to simplify development and reduce costs.
CocoCat co-founder Eric stated that smart contracts can currently be easily implemented on the blockchain, but the front and back ends of applications are mostly deployed on traditional cloud servers like Amazon and Alibaba Cloud, which brings some centralized security risks and high cost issues to projects.
Based on this market pain point, CocoCat has built a more privacy and security-protecting decentralized P2P network, Cat Network, and reduced development barriers through two productivity tools, CocoAPP Framework and Self-Service Protocol, providing project parties with a cheaper and more decentralized application deployment method.
According to Eric, Cat Network can help developers reduce costs by over 90%. Currently, it has attracted about 400 project parties from public chains, DeFi, and Web2.
To further verify and visualize the capabilities of Cat Network in decentralization and privacy protection, Eric's core team has also developed a Web3 social product CocoCat, which is completely decentralized and offers stronger privacy protection compared to Telegram, in addition to incorporating more features tailored to Web3 users' needs. The iterations on the CocoCat social application will also feed back into the underlying network, providing developers or project parties with capabilities closer to market demands.
Solana Foundation: Three strategic directions for the integration of AI and cryptocurrency technology.
Currently, the intersection of AI and cryptocurrency technology is entering an "Cambrian Explosion" phase of experimentation. This article details the three major development directions of AI+cryptocurrency integration by the Solana Foundation.
Barometer? Wintermute recently laid out four AI agent tokens.
At 23:05 Beijing time on December 3, Coinbase announced the inclusion of the meme coin MOODENG on its coin listing roadmap.
Subsequently, the price of MOODENG doubled within 10 minutes.
Notably, Arkham data shows that the market maker Wintermute holds MOODENG worth as much as 35.91 million USD, making it its most valuable meme coin. In the address holding MOODENG, Wintermute ranks third in holding amount.
What is the secret behind XRP's surge?
The recent surge in XRP has attracted everyone's attention, resulting from multiple intertwined factors: technical breakthroughs, renewed focus from Korean investors (along with the SEC lawsuit dismissal and WisdomTree S-1 filing support), and the absence of historical sellers like Jed McCaleb. These factors collectively drove the demand for XRP, resulting in extraordinary market performance.
The following is the original content (for ease of reading and understanding, the original content has been reorganized):
The recent surge in XRP reveals the complex interactions between technical aspects, market structure, and regional dynamics.
Decoding the martial law in South Korea: a political rivalry tearing apart national consensus.
On December 3, 2024, South Korean President Yoon Suk-yeol suddenly announced the implementation of an "emergency martial law," a decision that not only shocked the South Korean political arena but also triggered a serious constitutional crisis.
Of course, as always, cryptocurrency investors are hurt, with Bitcoin prices at South Korea's largest trading platform Upbit briefly plummeting to 65,000 USD.
After buying the most expensive banana gained global attention, we chatted with Justin Sun.
"Slash youth" Justin Sun has recently gained two more titles, namely "Holder of the Banana by Maurizio Cattelan" and "World Freedom Financial Advisor and Largest Investor in U.S. President Trump's Crypto Project."
The last time Justin Sun created a sensation was in 2019 when he purchased a charity lunch with Warren Buffett for 4.567888 million USD. This time, he did not expect that the banana he purchased for 6.24 million USD would garner unprecedented attention. "Even my relatives in the village saw the news and asked me about it." On November 29, Justin Sun held a press conference for the banana at the Peninsula Hotel in Hong Kong and publicly ate the banana.
After the meeting, Justin Sun accepted an exclusive interview with PANews. Besides supporting Hong Kong as a hub for art and Web3, he has heavily invested in Trump's crypto project and is optimistic about the development of the U.S. crypto market, expressing confidence in 2025.
