Community News
1. FTX has begun bankruptcy proceedings in the United States;
2. Forbes: FTX has business dealings with more than 53 institutions;
3. He Yi: Practitioners from the traditional financial sector believe that using customer funds is normal, but cryptocurrency is not a bank;
4. Musk said Twitter may lose billions of dollars next year and there is a possibility of bankruptcy.
Industry News
1. Opensea’s transaction volume in ETH in November was less than 50% of the market, but it paid 91% of the royalties;
2. Data: The number of daily transactions on Ethereum Layer 2 exceeds that of the main network;
3. Tether releases quarterly reserve report: comprehensive assets exceed comprehensive liabilities.
Policies and Regulations
1. The White House: The FTX crash highlights concerns about cryptocurrencies, and we will continue to monitor the encryption situation.
