According to Techub News, Wu Shijie has learned that the 8th Legislative Council election of the Hong Kong Special Administrative Region concluded voting yesterday, and Legislative Council member Ng Kit-chong was successfully re-elected with 1,311 votes. Ng Kit-chong stated that over the next four years, he will continue to implement his political platform, promote the development of Hong Kong’s financial and technology sectors—especially industries such as Web3 and artificial intelligence—and create new economic growth drivers for Hong Kong.

According to Wu Blockchain, Bitwise CIO Matt Hougan tweeted that Harvard University significantly increased its Bitcoin investment from $117 million to $443 million in the third quarter, while also raising its gold ETF allocation from $102 million to $235 million. Harvard has chosen to bet on the currency devaluation trade, and prefers to allocate Bitcoin over gold at a ratio of 2:1.

WuShuo has learned, according to SoSoValue data, during last week's trading days (Eastern US time, December 1 to December 5), XRP spot ETFs saw a net weekly inflow of $231 million, marking four consecutive weeks of net inflows. The XRP spot ETF with the highest net weekly inflow last week was Grayscale XRP ETF (GXRP), with a weekly net inflow of $140 million. Currently, GXRP’s historical total net inflow has reached $212 million.

Wu Blockchain has learned, according to SoSoValue data, that during last week's trading days (Eastern US time, December 1 to December 5), spot Bitcoin ETFs saw a net outflow of $87.77 million for the week. The spot Bitcoin ETF with the highest net inflow last week was the Fidelity (Fidelity) ETF FBTC, with a weekly net inflow of $61.96 million. FBTC's total historical net inflow has now reached $12.09 billion.

According to Wu Blockchain, based on SoSoValue data, during last week's trading days (Eastern US time, December 1 to December 5), Ethereum spot ETFs saw a net outflow of $65.59 million for the week. The Ethereum spot ETF with the highest weekly net inflow last week was the Fidelity ETF FETH, with a weekly net inflow of $35.5 million. Currently, FETH has a historical total net inflow of $2.62 billion.

Wu said that according to SoSoValue data, during last week’s trading days (Eastern US time, December 1 to December 5), SOL spot ETFs saw a net weekly inflow of $20.3 million. The SOL spot ETF with the highest net weekly inflow last week was the Bitwise Solana Spot ETF BSOL, with a weekly net inflow of $65.11 million and a historical total net inflow of $593 million.

The latest national security strategy released by U.S. President Trump does not mention cryptocurrency or blockchain, despite his previous statements expressing a desire to make the U.S. a crypto hub. The strategy focuses the nation’s core interests on the fields of artificial intelligence and quantum computing. The document states that the U.S. will ensure global leadership in technology and standards for AI, biotechnology, and quantum computing. (Cointelegraph)

Wu Blockchain has learned, according to Lookonchain monitoring, that Twenty One Capital transferred 43,122 BTC (approximately $3.94 billion) into a new wallet about 13 minutes ago.

According to Bloomberg, French President Macron stated that the increasingly relaxed regulation of crypto assets and stablecoins in the United States may trigger global financial instability. He warned that stablecoins are closely tied to US dollar assets, and if not properly regulated, risks could spill over into global markets. Macron emphasized that Europe should maintain its monetary sovereignty and should not follow the US's path of regulatory relaxation. He also called on the European Central Bank to adjust its monetary policy to address new financial risks. Recently, the total global st

The Canada Revenue Agency (CRA) obtained data on approximately 2,500 users of Dapper Labs in its second crypto tax investigation. The agency's 35-person crypto audit team has recovered more than $72 million from tax evaders over three years, but has not filed any criminal charges since 2020. The CRA stated that it is difficult to reliably identify the tax status of crypto users. Since 2020, the agency has launched five criminal investigations related to digital assets, four of which are still ongoing and no charges have been filed yet. This is the second time a Canadian court has issued a simi

According to Reuters, Robinhood announced that it will acquire Indonesian securities brokerage Buana Capital Sekuritas and licensed crypto asset trader Pedagang Aset Kripto, officially entering the Indonesian market. The transaction is expected to be completed in the first half of 2026, and the financial terms were not disclosed. Pieter Tanuri, the controlling shareholder of both Indonesian companies, will continue to serve as a strategic advisor to Robinhood.

WuShuo has learned that Farcaster co-founder Dan Romero has announced a major strategic shift for Farcaster, officially abandoning the “social-first” approach that failed to achieve product-market fit over the past 4.5 years, and fully pivoting to a “wallet-driven” growth model. The team regards the newly launched and rapidly growing in-app wallet as the closest feature to product-market fit so far, and has adopted a strategy of “use the tool (wallet) first, then retain the network (protocol),” with the goal of converting every new wallet user into an active protocol user. Romero emphasized th

According to Bloomberg, the stocks of Digital Asset Treasury (DAT) companies listed in the US and Canada have plummeted significantly this year, with a median drop of 43% and some companies experiencing declines of over 99%. Previously, these companies raised funds to purchase Bitcoin or other tokens, and their stock prices soared along with their holdings. However, as holding tokens does not generate income and the burden of debt interest and dividends increased, investor sentiment shifted sharply. SharpLink Gaming's stock price has fallen 86% from its peak, Greenlane Holdings has dropped mor

The decentralized network focused on artificial intelligence, Bittensor, will experience its first token halving event on December 14. The daily issuance of TAO will decrease from 7,200 to 3,600, with a circulation model similar to Bitcoin and a total cap of 21 million tokens. According to Grayscale analysts, this event marks the network's entry into a mature stage. Bittensor currently has over 100 subnets, with major subnets including Chutes, which provides AI serverless computing, and Ridges, which focuses on crowdsourced development of AI Agents. (Cointelegraph)

According to TechCrunch, Coinbase has announced the reopening of registrations for Indian users and plans to launch a fiat on-ramp in 2026, allowing users to directly deposit funds to purchase cryptocurrencies. Previously, after entering the Indian market in 2022, Coinbase was forced to suspend operations due to restrictions on the UPI payment interface and fully exited in 2023. This year, the company has registered with the Indian Financial Intelligence Unit (FIU) and has been gradually reopening user access since October. Currently, Coinbase also plans to expand its 500-person team in India

ZKsync has announced that it will deprecate ZKsync Lite (formerly ZKsync 1.0), the zero-knowledge rollup network launched in 2020, by 2026. This move does not affect its other systems, and a specific timeline and migration guide will be released next year. ZKsync stated that Lite, as an early solution, has fulfilled its intended purpose. Currently, around $50 million in assets remain bridged on the network, and withdrawals will continue to be available. (The Block)

"How to Plan a Perfect TGE Launch? Marketing Campaign or Stress Test" (Author: Stacy Muur; Translated by: AididiaoJP)
The core of a TGE is not about hype, but about a rigorous stress test of the project's community, narrative, tokenomics, and product readiness. A successful launch depends on building genuine and sustained mindshare in advance, maintaining healthy community engagement, and ensuring transparent token utility that can be implemented on TGE day. Fake hype, hidden unlocks, or immature products will be quickly exposed and drag down token performance. If the project is not yet ready

Wu said that Paradigm co-founder Matt Huang tweeted today, saying that this may be the "Netscape" or "iPhone" moment for the crypto industry. He stated that crypto systems are operating at an unprecedented scale, beyond previous imagination, covering both institutional levels and the cypherpunk space.