【Blockchain Rhythm】December 13th has a major announcement: The Office of the Comptroller of the Currency (OCC) has conditionally approved the application of Ripple National Trust Bank.
This bank is an institution established by Ripple Labs, primarily providing trust and custody services. Despite the professional-sounding name, its core goal is quite clear — to safeguard Ripple's digital asset ecosystem, especially the issuance, management, and custody of the USD stablecoin RLUSD.
What does this approval mean for Ripple? It signifies that their stablecoin business has genuinely entered a compliant track from a technical perspective. Many people are paying attention to the stablecoin sector, and passing this regulatory milestone is indeed a significant progress. At the intersection of Web3 and traditional finance, such approvals also reflect a shift in US regulatory agencies’ attitude towards digital asset innovation.

【Blockdance】On December 12th, a major exchange wallet team urgently issued a security alert that the ZEROBASE platform experienced a front-end hacking incident. The hacker infiltrated the official website front-end, creating a fake interface to trick users into authorizing malicious smart contracts. This method is highly covert, causing many users to unknowingly have their assets authorized and compromised.
The severity of the incident lies in the fact that numerous phishing contracts impersonating ZEROBASE official have appeared on BNB Chain, specifically targeting main cryptocurrencies like USDT for authorization scams. Once users grant permission, hackers can transfer the related assets from the wallet at any time.
The wallet team has activated three emergency response mechanisms: fully blocking involved malicious website domains, adding the phishing contract addresses to a risk list, and sending danger alerts to potentially affected users within 30 minutes.
Immediate action is recommended: open your wallet application, then proceed to

【Crypto World】I came across an interesting update these days. The product team at Huaxia Fund Hong Kong announced an innovative product at the Solana Breakpoint conference — Asia's first and largest tokenized money market fund.
In simple terms, it’s bringing traditional money market tools onto the blockchain. It supports three denominations: HKD, USD, and RMB, covering a wide range. So, what’s the most attractive part? Complete transparency combined with real-time settlement, allowing investors to access directly on the chain, earn stable returns, without the complicated middlemen typical of traditional finance.
From a technical standpoint, this project has been natively deployed on the Solana blockchain, showcasing the advantages of high speed and low cost. It’s supported by professional partners like OSL, and after months of regulatory collaboration and testing, it’s clear that this isn’t just hype — it’s a real, tangible product.
More importantly, this model won’t

Canton Network recently appointed capital markets expert Asbury as Chief Financial Officer to drive the expansion of the Canton Coin (CC) treasury and market infrastructure development. The CEO stated that his experience is crucial for strategic implementation, and the team is preparing for the next stage of development.

Law enforcement in Florida, USA, has uncovered a large-scale investment scam, seizing approximately $1.5 million in crypto assets. The suspects have been formally charged with money laundering, major theft, and organized fraud, highlighting that scams in the crypto space remain serious. The emphasis by law enforcement on transaction security and asset protection is worth paying attention to.

【Blockchain Rhythm】An interesting thing has happened—originally called Predictive Oncology, the company has recently officially renamed itself Axe Compute, with the stock ticker AGPU, and is now listed on NASDAQ.
This is not just a simple name change. Axe

【Blockchain Rhythm】On December 12th morning trading, the US stock and crypto sectors showed mixed performances.
From today's market situation, data asset-related listed companies related to Ethereum performed variably. Starting with the declines: Microstrategy(MSTR) fell by 0.26%, Circle(CRCL) slightly declined by 0.2%, MARA Holdings(MARA) dropped by 0.18%, and Riot Platforms(RIOT) also slightly declined by 0.08%.
On the other hand, there was a bright spot — Coinbase(COIN) rose against the trend by 0.36%, indicating that the market still has confidence in leading compliant platforms. Even more noteworthy is the performance of small-cap stocks: BitMine Immersion(BMNR) increased by 1.09%, SharpLink

【CryptoWorld】At the Solana Breakpoint conference, MetaDAO co-founder Proph3t shared an interesting idea—using "ownership tokens" to achieve true project ownership on-chain.
Rather than the traditional DAO voting mechanism, MetaDAO employs a different approach. On the governance and market supervision level, there are only 2 to 4 proposal cycles per year, such as major events like funding rounds or new token issuances. However, participation isn't through voting weights but through direct trading—token holders express their views through market actions. It sounds much simpler.
More importantly, there's innovative legal structural design. Proph3t mentioned that founders will transfer intellectual property rights to an on-chain entity. The clever part is—if the project succeeds or gets acquired, all proceeds are automatically returned to the token holders.

【Crypto World】On-chain data shows that on December 12th, a well-known trader opened a new 10x leveraged long position in HYPE tokens. At the same time, the trader increased their ETH position, with a 25x leveraged Ethereum long position reaching $26 million. This series of actions indicates that large funds are bullish on these two assets.

The DeFi project Drift in the Solana ecosystem plans to launch a native mobile application in the first quarter of next year to optimize user experience, integrate multi-collateral accounts, and introduce the Launch App Store and liquidity tools. This move aims to enhance liquidity and trading efficiency and capture the mobile user market.

【ChainWen】Recently, I came across an interesting collaboration trend—Pundi AI and LinqProtocol's development team LinqAI have joined forces. The two projects aim to build a decentralized AI ecosystem together, with a clear core idea.
What is Pundi AI focusing on? On-chain provenance and tokenized ownership. In simple terms, it allows the community to create AI training data themselves and verify data quality on the blockchain. Data is the fuel for AI, and what they want to do is make this process transparent and community-driven.
LinqProtocol, on the other hand, approaches from a computational power perspective—building an permissionless computing network that connects global GPU and CPU resources, with costs potentially lower than traditional cloud services. Combining the two can support scenarios with especially high computational power demands: advanced AI agents, complex reasoning, large-scale simulations, and automation processes.

The Bank of Japan is expected to maintain its rate hike stance next week but will adjust its communication strategy, emphasizing flexible adjustments to the pace of rate hikes based on economic responses. The market has already priced in a December rate hike to 0.75%, focusing on the neutral interest rate level. The central bank plans to gradually advance rate hikes, emphasizing the importance of observing economic responses.

On-chain data shows that a group of special Bitcoin holders actively purchased in early December, accumulating over 75,000 in the first 10 days, out of a total of approximately 315,000 Bitcoins. They continue to buy regardless of market conditions, characterized by holding rather than transferring out. Such behavior warrants attention.

A large holder address heavily invested in WBTC has recently been frequently reducing leverage, selling 150 BTC for $13.84 million, and using the proceeds to repay Aave debt, indicating signs of actively cutting losses or preparing for market volatility.

【Chain Wen】The yield protocol Stream Finance on Ethereum has recently run into major trouble. In early November, it was reported that one of their "external fund managers" lost $93 million in crypto assets, which accounts for 17% of the custodial assets!
The situation is escalating, and on Monday, the co-founders of Stream directly sued two individuals. The first defendant is Ryan DeMattia from Georgia, accused of defaulting on personal loans and misappropriating the funds to fill his own gaps. The second is Caleb McMeans from Florida, who took over the entire protocol and brand in January this year, signed a bunch of agreements, and now refuses to acknowledge them. The Stream co-founders are requesting the court to enforce the contracts, as McMeans is shifting the blame.
The protocol's lifespan is quite short, operating for only 9 months, and in November 2024, due to sluggish growth and various "operational difficulties."