News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Moore Threads co-founder Li Feng reportedly involved in ICO projects and a dispute over 1,500 bitcoins owed
According to ChainCatcher, as reported by Foresight News, Moore Threads surged nearly 470% on its first day of listing on the STAR Market on December 5, with its market value surpassing 300 billions yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have once again attracted attention.
The report pointed out that in 2017, Li Feng, along with Li Xiaolai and others, participated in the issuance of a token project called "Maledgecoin (MGD)." During the ICO boom, the project raised about 5,000 ETH, but several aspects of the team's background in the whitepaper were alleged to be exaggerated, and some uses of funds were not transparent. Under regulatory pressure, the project was later renamed "Alpaca Coin." In addition, in 2018, the founder of an exchange, Star, publicly accused Li Feng of failing to repay 1,500 bitcoins borrowed, and claimed that legal proceedings had been initiated in both China and the United States. The loan agreement presented by Star showed that the two parties first signed an agreement in 2014, and due to the need for an extension, it was renewed in 2017, but ultimately a breach of contract still occurred. Due to issues with cross-border enforcement and the legal recognition of virtual assets, this dispute has yet to reach a clear resolution.
According to ChainCatcher, as reported by Foresight News, Moore Threads surged nearly 470% on its first day of listing on the STAR Market on December 5, with its market value surpassing 300 billions yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have once again attracted attention.
The report pointed out that in 2017, Li Feng, along with Li Xiaolai and others, participated in the issuance of a token project called "Maledgecoin (MGD)." During the ICO boom, the project raised about 5,000 ETH, but several aspects of the team's background in the whitepaper were alleged to be exaggerated, and some uses of funds were not transparent. Under regulatory pressure, the project was later renamed "Alpaca Coin." In addition, in 2018, the founder of an exchange, Star, publicly accused Li Feng of failing to repay 1,500 bitcoins borrowed, and claimed that legal proceedings had been initiated in both China and the United States. The loan agreement presented by Star showed that the two parties first signed an agreement in 2014, and due to the need for an extension, it was renewed in 2017, but ultimately a breach of contract still occurred. Due to issues with cross-border enforcement and the legal recognition of virtual assets, this dispute has yet to reach a clear resolution.
The TOP1 holder of DOYR token bought over $24 million within 5 minutes of launch, currently with an unrealized profit of $193,000.
According to ChainCatcher, on-chain analyst Ai Yi has monitored that the market capitalization of DOYR has surpassed $15 million, with the TOP1 holder having an unrealized profit of $193,000 and a return rate as high as 7,858.9%. Address 0x234...655fd purchased 2.773 BNB ($2,456) at an average price of $0.0001444 within 5 minutes after the token was launched. Subsequently, during the price increase, 23.6% of DOYR was sold, and the address still holds 13 million tokens.
According to ChainCatcher, on-chain analyst Ai Yi has monitored that the market capitalization of DOYR has surpassed $15 million, with the TOP1 holder having an unrealized profit of $193,000 and a return rate as high as 7,858.9%. Address 0x234...655fd purchased 2.773 BNB ($2,456) at an average price of $0.0001444 within 5 minutes after the token was launched. Subsequently, during the price increase, 23.6% of DOYR was sold, and the address still holds 13 million tokens.
Hasu comments on Vitalik's idea of an on-chain Gas futures market: weak willingness to go long may lead to insufficient liquidity and difficulty in achieving scale.
Jinse Finance reported that Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on X regarding Vitalik's proposal to establish an on-chain Gas futures market. He stated that this market lacks natural short positions: a large number of users are inherently exposed to Gas costs (short) and wish to hedge, but there are hardly any participants willing to take long positions on Gas in the market. Therefore, liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short side, that is, by auctioning off the rights to use future base fees on-chain (up to 2 years in advance). Although Hasu questioned the effectiveness of the incentives in this model, Vitalik explained that after users or application developers pre-purchase Gas, they move from being "natural Gas shorts" to "neutral"; at the same time, the protocol is naturally "long" due to the burning of base fees, and through pre-sales, this part of the risk can be neutralized.
Jinse Finance reported that Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on X regarding Vitalik's proposal to establish an on-chain Gas futures market. He stated that this market lacks natural short positions: a large number of users are inherently exposed to Gas costs (short) and wish to hedge, but there are hardly any participants willing to take long positions on Gas in the market. Therefore, liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short side, that is, by auctioning off the rights to use future base fees on-chain (up to 2 years in advance). Although Hasu questioned the effectiveness of the incentives in this model, Vitalik explained that after users or application developers pre-purchase Gas, they move from being "natural Gas shorts" to "neutral"; at the same time, the protocol is naturally "long" due to the burning of base fees, and through pre-sales, this part of the risk can be neutralized.
73% of most Bitcoin treasury companies are in debt, with 39% of them having liabilities exceeding the total value of their Bitcoin holdings.
Jinse Finance reported that the latest dataset released by CoinTab shows that most publicly tracked bitcoin-holding companies are not just sitting on large amounts of (digital) gold; while holding bitcoin, they also carry considerable liabilities. In many cases, the total amount of these liabilities even exceeds the value of the bitcoin itself. Among the companies holding bitcoin on their balance sheets, 73% are in debt, and 39% have liabilities that exceed the current market value of their bitcoin holdings. About one-tenth of these companies appear to have accumulated bitcoin directly through borrowing, effectively turning their reserve strategy into leveraged trading.
Jinse Finance reported that the latest dataset released by CoinTab shows that most publicly tracked bitcoin-holding companies are not just sitting on large amounts of (digital) gold; while holding bitcoin, they also carry considerable liabilities. In many cases, the total amount of these liabilities even exceeds the value of the bitcoin itself. Among the companies holding bitcoin on their balance sheets, 73% are in debt, and 39% have liabilities that exceed the current market value of their bitcoin holdings. About one-tenth of these companies appear to have accumulated bitcoin directly through borrowing, effectively turning their reserve strategy into leveraged trading.
Data: In the past 7 days, CEXs have seen a cumulative net outflow of 8,915 BTC
ChainCatcher news, according to Coinglass data, in the past 7 days, CEXs have seen a cumulative net outflow of 8,915 BTC. The top three CEXs by outflow are as follows: · One exchange, with an outflow of 6,335.56 BTC; · One exchange, with an outflow of 1,193.43 BTC; · One exchange, with an outflow of 1,163.66 BTC. In addition, one exchange saw an inflow of 1,097.26 BTC, ranking first in terms of inflow.
ChainCatcher news, according to Coinglass data, in the past 7 days, CEXs have seen a cumulative net outflow of 8,915 BTC. The top three CEXs by outflow are as follows: · One exchange, with an outflow of 6,335.56 BTC; · One exchange, with an outflow of 1,193.43 BTC; · One exchange, with an outflow of 1,163.66 BTC. In addition, one exchange saw an inflow of 1,097.26 BTC, ranking first in terms of inflow.
Analysis: Rising Bitcoin "vitality" indicator suggests the bull market may continue
Jinse Finance reported that crypto analyst "TXMC" posted on X, pointing out that although the recent bitcoin price has declined, the liveliness of this cycle continues to rise. This indicates that there is underlying demand for spot bitcoin, which is not reflected in the price trend and may suggest that the bull market cycle is not yet over. The analyst stated that this indicator reflects the long-term moving average of on-chain bitcoin activity, representing the sum of all lifecycle spending and on-chain holding activity. During bull markets, as supply changes hands at higher prices, market "liveliness" usually increases, indicating the inflow of new investment capital.
Jinse Finance reported that crypto analyst "TXMC" posted on X, pointing out that although the recent bitcoin price has declined, the liveliness of this cycle continues to rise. This indicates that there is underlying demand for spot bitcoin, which is not reflected in the price trend and may suggest that the bull market cycle is not yet over. The analyst stated that this indicator reflects the long-term moving average of on-chain bitcoin activity, representing the sum of all lifecycle spending and on-chain holding activity. During bull markets, as supply changes hands at higher prices, market "liveliness" usually increases, indicating the inflow of new investment capital.
Bankruptcy sector concept tokens continue to surge, USTC up over 78% in 24 hours
BlockBeats News, December 7, according to data from a certain exchange, the bankruptcy sector concept tokens continue to surge, among which:
· USTC has risen over 78% in 24 hours, with a market cap rising to $69.35 million;
· LUNA has risen over 39% in 24 hours, with a market cap rising to $160 million;
· LUNC has risen over 19% in 24 hours, with a market cap rising to $363 million;
· FTT has risen over 18% in 24 hours, with a market cap rising to $234 million.
BlockBeats reported yesterday that recently, after SBF’s fellow inmate was pardoned, SBF has been making frequent statements, indicating a potential possibility of receiving a pardon. However, on the prediction market Polymarket, the probability of "Will Trump pardon SBF in 2025?" remains at a very low level of about 2%.
BlockBeats News, December 7, according to data from a certain exchange, the bankruptcy sector concept tokens continue to surge, among which:
· USTC has risen over 78% in 24 hours, with a market cap rising to $69.35 million;
· LUNA has risen over 39% in 24 hours, with a market cap rising to $160 million;
· LUNC has risen over 19% in 24 hours, with a market cap rising to $363 million;
· FTT has risen over 18% in 24 hours, with a market cap rising to $234 million.
BlockBeats reported yesterday that recently, after SBF’s fellow inmate was pardoned, SBF has been making frequent statements, indicating a potential possibility of receiving a pardon. However, on the prediction market Polymarket, the probability of "Will Trump pardon SBF in 2025?" remains at a very low level of about 2%.
The total cost of bitcoin mining has soared to $138,000, and mining companies are shifting en masse to AI/HPC businesses.
BlockBeats News, December 7, according to the latest data released by CryptoRank, the average cash cost for mining one bitcoin by mining companies has risen to $74,600. When including depreciation and stock-based compensation (SBC), the total cost reaches as high as $137,800.
As the total network hash rate surpasses the symbolic milestone of 1 ZH/s, competition has intensified significantly, leading to a sharp decline in miners' profitability. This trend is prompting many publicly listed mining companies to shift their capacity toward more profitable businesses such as AI/HPC (high-performance computing), rather than continuing to invest in traditional bitcoin mining. As a result, the industry is splitting into two main models:
• Infrastructure providers: repositioning mining farm data centers for high-profit computing businesses
• Traditional miners: struggling to survive in an increasingly competitive, near-zero profit environment
BlockBeats News, December 7, according to the latest data released by CryptoRank, the average cash cost for mining one bitcoin by mining companies has risen to $74,600. When including depreciation and stock-based compensation (SBC), the total cost reaches as high as $137,800.
As the total network hash rate surpasses the symbolic milestone of 1 ZH/s, competition has intensified significantly, leading to a sharp decline in miners' profitability. This trend is prompting many publicly listed mining companies to shift their capacity toward more profitable businesses such as AI/HPC (high-performance computing), rather than continuing to invest in traditional bitcoin mining. As a result, the industry is splitting into two main models:
• Infrastructure providers: repositioning mining farm data centers for high-profit computing businesses
• Traditional miners: struggling to survive in an increasingly competitive, near-zero profit environment
Analyst: Bitcoin is no longer a "tulip bubble" asset; its 17 years of resilience and multiple cycles prove its uniqueness
BlockBeats News, December 7, Bloomberg Senior ETF Analyst Eric Balchunas stated that although bitcoin has recently experienced a significant pullback, it is inappropriate to compare it to the 17th-century "tulip bubble." He pointed out that the tulip mania lasted only about three years and was completely eliminated after a single crash; whereas bitcoin has survived for 17 years, repeatedly reaching new all-time highs after enduring 6–7 rounds of sharp declines.
Bitcoin has still risen by about 250% over the past three years, with a 122% surge just last year. The current decline is more like "giving back last year's excessive gains." Even if it remains flat or slightly down throughout 2025, its long-term average annualized return would still be around 50%.
Eric emphasized that the only similarity between bitcoin and tulips is that both are "non-productive assets," but gold, Picasso paintings, and rare stamps are also non-productive and have long been regarded as valuable assets. The tulip bubble was a typical "one-time mania plus crash" structure, whereas bitcoin is clearly a completely different asset class.
BlockBeats News, December 7, Bloomberg Senior ETF Analyst Eric Balchunas stated that although bitcoin has recently experienced a significant pullback, it is inappropriate to compare it to the 17th-century "tulip bubble." He pointed out that the tulip mania lasted only about three years and was completely eliminated after a single crash; whereas bitcoin has survived for 17 years, repeatedly reaching new all-time highs after enduring 6–7 rounds of sharp declines.
Bitcoin has still risen by about 250% over the past three years, with a 122% surge just last year. The current decline is more like "giving back last year's excessive gains." Even if it remains flat or slightly down throughout 2025, its long-term average annualized return would still be around 50%.
Eric emphasized that the only similarity between bitcoin and tulips is that both are "non-productive assets," but gold, Picasso paintings, and rare stamps are also non-productive and have long been regarded as valuable assets. The tulip bubble was a typical "one-time mania plus crash" structure, whereas bitcoin is clearly a completely different asset class.
Ant.fun airdrops ANB tokens to 10,000 addresses that recently used gmgn
BlockBeats News, December 7 — Amid intensifying bearish market sentiment, the social DEX trading platform Ant.fun has officially launched the first round of its "Warmth in the Bear Market" initiative. At 14:00 on December 7 (UTC+8), the platform will airdrop ANB tokens to 10,000 addresses that have recently been actively using gmgn.
This airdrop does not require users to claim; ANB will be automatically distributed to eligible active wallets, allowing the community to continue to feel the warmth and support of Ant.fun during the market downturn.
BlockBeats News, December 7 — Amid intensifying bearish market sentiment, the social DEX trading platform Ant.fun has officially launched the first round of its "Warmth in the Bear Market" initiative. At 14:00 on December 7 (UTC+8), the platform will airdrop ANB tokens to 10,000 addresses that have recently been actively using gmgn.
This airdrop does not require users to claim; ANB will be automatically distributed to eligible active wallets, allowing the community to continue to feel the warmth and support of Ant.fun during the market downturn.