December 7th, Jupiter's Chief Operating Officer Kash Dhanda recently responded to community inquiries, stating that the team's previous claim on social media that Jupiter Lend's treasury has "zero contagion risk" was inaccurate. Jupiter had previously promoted its lending treasury as having a "risk-isolated" structure, stating that there would be "no cross-contamination between trading pairs, thereby eliminating any contagion risk," but this content has since been deleted.In a video posted on Platform X, Dhanda confirmed that the treasury is indeed designed with isolation but also acknowledged the presence of rehypothecated assets in Jupiter Lend. Last week, the Solana lending platform Kamino, out of concern that the risk model could mislead users, temporarily banned Jupiter Lend's migration tool. Kamino's co-founder also publicly criticized Jupiter's risk description.

December 7th, Bloomberg's Senior ETF Analyst Eric Balchunas wrote that, despite Bitcoin's recent sharp correction, comparing it to the 17th-century "Tulip Mania" is not appropriate. He pointed out that the tulip mania lasted only about three years, was completely eliminated after a collapse, whereas Bitcoin has experienced 6-7 rounds of sharp declines, set multiple historical highs, and has survived for the past 17 years.Bitcoin has continued to rise by about 250% in the past three years and surged 122% last year. The current decline is more like a "retracement of last year's excessive rise." Even if it remains flat or slightly falls for the whole year in 2025, its long-term average annualized return is still around 50%.Eric emphasized that the only common point between Bitcoin and tulips is "non-productive assets." However, gold, Picasso paintings, rare stamps, and other non-productive assets have long been seen as valuable assets. The tulip mania was a typical "one-time frenzy + collapse" structure, while Bitcoin is clearly in a completely different asset category.

December 7th, according to HTX market data, the concept coins in the bankruptcy sector continued to rise, including:· USTC surged over 78% in the past 24 hours, with a market cap of $69.35 million;· LUNA surged over 39% in the past 24 hours, with a market cap of $160 million;· LUNC surged over 19% in the past 24 hours, with a market cap of $363 million;· FTT surged over 18% in the past 24 hours, with a market cap of $234 million.BlockBeats reported yesterday that SBF has been vocal recently after his fellow inmate was pardoned, raising the potential for his own pardon. However, the prediction market on Polymarket still hovers at around a 2% probability for "Will Trump pardon SBF by 2025?"

December 7th, Aztec's official announcement stated that the AZTEC token sale has now ended, with a total subscription amount of 19,476 ETH, of which 50% came from the Aztec community. A total of 16,741 users participated across the network.Users holding 200,000 tokens or more will begin receiving block rewards today. The TGE will be triggered by a single on-chain governance vote, potentially as early as February 11, 2026. At the TGE, all tokens acquired in the token sale (100%) will be freely transferable. Only token sale participants and genesis sequencers are eligible to participate in the TGE vote.

December 7th, Saturday local time, Musk refuted media reports that SpaceX is raising funds at a valuation of $80 billion, stating that these reports are not accurate. Musk explained that "SpaceX has had positive cash flow for many years, conducts regular stock buybacks twice a year, providing liquidity for employees and investors. The valuation increase is mainly due to the following developments:The continued progress of the Starship and Starlink projects, as well as the successful acquisition of global direct-to-phone spectrum licenses, which has greatly expanded our addressable market. Furthermore, there is one key point to mention: despite my appreciation for NASA, next year NASA-related contracts will account for less than 5% of our total revenue.Currently, commercial Starlink business is SpaceX's largest source of revenue. Some claim that SpaceX has received subsidies from NASA, which is completely incorrect. SpaceX won NASA contracts because we offer the best product at the lowest cost. In the field of crewed space transportation, SpaceX is currently the only option that meets NASA's safety standards."(Jinse)

December 7th, according to EmberCN monitoring, during the 10·11 market crash, a whale in the flash loan liquidated 32,000 AAVE at a price of $101, and continued to borrow and purchase AAVE through flash loans starting from November 24th.Half a month later, the whale has spent 14 million USDC to buy 80,900 AAVE at an average price of $173. Now, holding a total of 333,000 AAVE through flash loans (worth about $62.59 million), with a weighted average cost of $167 and a liquidation price of $117.7.

December 7th, Binance founder CZ retweeted He Yi's "Issuing Tokens Based on Tweets is a Community Behavior" viewpoint and stated that DOYR = DO Your meme? Even if someone turns our commonly used words into a Meme, it cannot prevent us from using these words again. We will continue to tweet as usual, and any words in the tweet do not represent our endorsement of any Meme or symbol.Earlier today, due to a typo, He Yi mistakenly wrote DYOR as DOYR, and the similarly named Meme token DOYR briefly reached a market value of $9.7 million.BlockBeats reminds users that many Meme coins have no practical use cases, experience significant price fluctuations, and investment should be cautious.

December 7th, according to GMGN data, BNB Chain's ecosystem Meme coin DOYR went online, with a short-term market value reaching $9.7 million within 3 hours, currently at $8.5 million, and a 3-hour trading volume of $13.1 million.Tonight, Binance Co-CEO He Yi stated in a post that "Finding an angle" to launch coins from tweets is a community behavior, and users should be aware of investment risks, DOYR. (Note: DYOR was mistakenly written as DOYR here).BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investment should be approached with caution.

December 7th, The independence of Jupiter Lend's various vaults has been questioned by the Solana community, with Fluid and Kamino co-founders stepping forward to state that there was no "full isolation" commitment among Jupiter Lend vaults.Samyak Jain, co-founder of Solana's ecosystem lending protocol Fluid, acknowledged that Jupiter Lend's vaults have utilized rehypothecation for capital efficiency, and the assets among the vaults are "not entirely isolated" from each other.Marius, co-founder of Solana's ecosystem liquidity protocol Kamino, stated that this week Kamino blocked the Jupiter Lend migration tool because users were misled and unaware of the protocol's true design and risks. Jupiter Lend has repeatedly claimed that there is no cross-asset correlation, and the notion that "if an adverse event occurs in assets from different vaults, users will not be affected" is simply absurd. In Jupiter Lend, if a user provides SOL and borrows USDC, SOL will be lent to recursive borrowers, including JupSOL, INF, and others, exposing the user to all the risks of these recursive nestings and asset collapses.As of now, the Jupiter team has not yet come forward to clarify the situation.

December 6, according to Farside Investors, this week saw a net outflow of $65.4 million from the US Ethereum spot ETF.Among them, the net outflow of Grayscale ETHA was $55.8 million, and the net outflow of ETHE was $53.2 million.

December 6th, Web3 ecosystem project MiniDoge showcased its selected NFT artwork at the global contemporary art event Art Basel Miami Beach in Miami, USA (December 5th to 7th), aiming to explore the cross-border integration of Web3 and contemporary art.This edition of Art Basel has attracted 283 top galleries from 43 countries and regions, expecting over 80,000 global art collectors, venture capital institutions, and crypto industry leaders to attend. Miami, as a global intersection of Web3, AI, and art, has made the exhibition an essential cross-disciplinary platform. The NFT artwork presented by MiniDoge this time combines Meme culture, DeFi practicality, and on-chain creativity at its core.

December 6th, according to Farside Investors data, this week the US Bitcoin spot ETF saw a net outflow of $87.7 million.In particular, the BlackRock BITE saw a net outflow of $49.1 million, and ARK Bitcoin ETF (ARKB) saw a net outflow of $77.8 million.

December 6, SVM Layer1 blockchain project Fogo announced the launch of the Ecosystem Points Program 1.5 and the mainnet performance testing project Fogo Fishing. Fogo Fishing simulates high-frequency trading and throughput on-chain to test the mainnet. The event will last for about two weeks, during which several random snapshots will be taken. Fogo will airdrop users participating in fishing activities on Fogo Fishing and LP activities on Valiant Pools. The current TPS of the Fogo Fishing project has exceeded 1000.Previously reported, on January 25, 2025, SVM L1 Fogo completed an $8 million financing with a token valuation of $100 million on the investment platform Echo, with The Echonomist leading the round. Other participants include 4 CMS Holdings, Big Brain Collective, and Patrons. In December 2024, Fogo completed a $5.5 million seed round financing, with Distributed Global leading with $5 million. Fogo's co-founder is former Jump Crypto executive Robert Sagurton.

December 6th, according to HTX market data, Bitcoin broke through $90,000, with a 24-hour decrease narrowed to 0.55%.

December 6th, according to an official announcement, Bitget has announced the launch of the U-Index-based POWER perpetual contract, with leverage ranging from 1 to 20. The contract trading BOT will also be opened simultaneously.