EU Law Enforcement Agency Seizes Coin Mixing Service Platform Cryptomixer
December 1 (CoinDesk) — Europol, the European Union’s law enforcement agency, announced Monday that a coordinated operation in Zurich has successfully dismantled Cryptomixer, a cryptocurrency mixing service alleged to launder illegal Bitcoin for cybercriminals.
The enforcement action, carried out Nov. 24–28 with Swiss and German police collaborating under Europol’s coordination, seized three servers, the Cryptomixer.io domain, over €25 million (roughly $29 million) in Bitcoin, and more than 12 terabytes of data.
Officials stated Cryptomixer has helped launder more than €1.3 billion worth of Bitcoin since 2016. Its extended settlement window and randomized fund allocation model made it a go-to tool for obscuring the proceeds of crime.
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Pacifica: Users who were liquidated during the period from October 1st to December 1st will receive a 20% bonus on their December transactions
December 1st — Perpetual contract trading platform Pacifica announced today that it will offer a 20% bonus points reward for trades throughout December to users who were liquidated between October 1st and December 1st at 04:00 UTC.
The initiative aims to help users who were forced out of positions due to recent market volatility but haven’t abandoned trading rebuild their confidence and momentum, with tangible rewards.
Pacifica was co-founded in January 2025 by three individuals, including former FTX COO Constance Wang. The platform grew rapidly: it launched a testnet just two months after its founding and officially went live on its mainnet on June 10th this year.
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In the past 4 hours, the entire network has seen $320 million in liquidations, with most of them coming from long positions.
Coinglass data shows: As of December 1, **$320 million in positions was liquidated across the entire crypto network over the past 4 hours**—$296 million from long positions, $24.39 million from short positions.
### Note on U.S. language habits:
- Used **concise phrasing** (e.g., "shows" instead of "according to data" for brevity; "across the crypto network" is more natural than "on the entire network" in U.S. crypto contexts).
- Kept numbers clear (no unnecessary repetition of "liquidated" via em dash to split details).
- Aligned with U.S. financial news tone (straightforward, prioritizes key data upfront).
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Bitcoin Drops Below $84,000
On December 1, Bitcoin has fallen below $84,000 (per HTX market data). The leading cryptocurrency is currently trading at $83,965, marking an 8.12% loss over the past 24 hours.
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「Buddy」 once again made a deposit to Hyperliquid of approximately 250,000 U to top up his ETH long position.
December 1st — Per monitoring from Hyperinsight (via https://t.me/HyperInsight), Huang Licheng (“Brother Ma”) deposited 249,847 USDC to Hyperliquid just 7 minutes ago to boost the leverage on his ETH long position to over 25x. As of press time, his long position totals 2,000 ETH (roughly $5.48 million), with an unrealized loss of $257,189 (-114.57%) and a liquidation price of $2,662.
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Bloomberg: FDUSD Issuer First Digital Plans to Go Public on the US Stock Market Through SPAC Merger
First Digital Group, the issuer of stablecoin FDUSD, plans to go public via a merger with a special purpose acquisition company (SPAC), Bloomberg reported Thursday, Dec. 1, as cryptocurrency firms seek listings in more favorable regulatory environments.
The Hong Kong-based firm is set to announce a non-binding letter of intent (LOI) outlining the merger with New York-listed SPAC CSLM Digital Asset Acquisition Corp III, according to anonymous sources familiar with the matter. Further details have not been disclosed.
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