On December 7th, according to Mobile Payment Network, the Office of the Standing Committee of the Shanghai Municipal People's Congress announced that the 17th meeting of the 16th Standing Committee of the Shanghai Municipal People's Congress reviewed the "Several Provisions on Promoting the Application of Blockchain to Empower Electronic Documents in Pudong New Area, Shanghai (Draft)". In order to further promote legislative democracy, the draft regulations and related explanations are now publicly announced to solicit opinions from the society, so as to further study and modify them, and then submit them to the future Standing Committee meetings for review. The "Several Provisions on the Application of Electronic Documents" support the integration of the digital RMB system into the blockchain infrastructure, and promote the use of digital RMB in various application scenarios such as electronic document certification, pricing, payment, settlement, and investment and financing. In addition, the "Several Provisions on the Application of Electronic Documents" also state that relevant departments will promote the management and sharing of various electronic certificates and documents generated by their performance relying on blockchain infrastructure.

Cytonic, a layer-1 blockchain called "MultiVM" that allows for compatibility with various Web3 technologies, has raised $8.3 million in a seed round led by Lemniscap and Lattice. Developed by MultiVM Labs, Cytonic is the first layer 1 blockchain that runs multiple VM's within the same network layer using shared storage, addressing blockchain compatibility challenges. Cytonic is compatible with most blockchains like Bitcoin, Ethereum, and Solana, enabling different transaction types to be processed together in a single block, with the goal of making on-chain interactions easier and reducing transaction fees and waiting times when moving assets between chains.

Celestia co-founder Nick White stated on social media that the core of blockchain is verifiability, with the aim of freeing us from committees and intermediaries. A more decentralized committee is still a committee.

On December 7th, according to official sources, Megabit officially launched the LDO USDT perpetual contract with up to 75x leverage at 20:00 (UTC+8).

According to SolanaFloor data reported by Jinse Finance on November 7th, Solana validators earned $445 million in October.

the market shows that AAVE has fallen below $280 and is now reported at $279.95, with a 24-hour increase of 8.05%. The market is volatile, so please take appropriate risk control measures.

Arkham shared in a post on December 6th that BlackRock's ETF purchased over $500 million worth of Ether in the past week, and its ETH holdings doubled in the past month.

market shows JUP has fallen below $1 and is now trading at $0.99, with a 24-hour decline of 1.98%. The market is volatile, so please be prepared for risk control.

the market shows ETH has fallen below $4,000 and is now trading at $3,999.51, with a 24-hour increase of 3.54%. The market is fluctuating greatly, so please be prepared for risk control.

police in Leshan, Sichuan successfully broke up a large-scale cross-regional underground money laundering criminal network involving 13 provinces nationwide, with a total amount involved of up to 38 billion yuan. The police found that the gang controlled 24 shell companies, provided "public-to-private" services without real operations, and used virtual currency transactions to implement cross-border fund transfers. The operation information was complex, with about 20 million pieces of fund data intertwined. After meticulous investigation, a total of 176 criminal suspects were arrested, and the main culprit, Wan, was sentenced to thirteen years and six months in prison. Currently, the cases in various places are still under further investigation.

On November 7th, it was reported that according to Ethereum supply data analysis, the supply of ETH is greater than the amount being burned, with 11,431 ETH added in the last 7 days. Ethereum's income and ETH supply burning have significantly decreased, with total income being 69% lower than the average of the 150 days prior to the upgrade, and ETH burning being more than 80% lower than the average of the 150 days prior to the upgrade. The majority of industry professionals consider Ethereum's upgrade to be a failure in many cases.

On December 7th, Bitwise saw a large outflow of BTC. According to Arkham monitoring data, approximately 18 hours ago, 2,583 BTC flowed out of Bitwise's Bitcoin exchange-traded fund BITB Bitcoin ETF to an unknown address starting with bc1q4, with a value of up to $257.15 million.

Whale Alert monitors showed that at around 19:41 Beijing time, an address that holds 870,019 DOGE (worth $391,889) was activated after being dormant for 11 years.

spot gold broke through $2,680/oz, rising 0.80% intraday.