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CZ Recalls First Meeting with Justin Sun at Binance: Did Not Engage in Deep Conversation, Let Alone a "10-Hour" Talk

1 hours ago

On December 8, investor Shuo Manzi posted an article on X recounting Binance’s development history. The piece claimed that in June 2014, Binance leader CZ first met He Yi—then OKCoin’s co-founder and CMO—at a blockchain meetup in Shanghai. Allegedly, the two talked for 10 hours, covering everything from Bitcoin’s core philosophy to exchange operations, and He Yi invited CZ to join OKCoin Global as CTO. In response, CZ commented: “Many details are inaccurate; I won’t go through each one. My first meeting with He Yi was just a hello—no actual conversation, let alone 10 hours.”
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Franklin, a meme coin, has seen a transaction count of over 9300 transactions in the past hour, bringing its market cap back up to $13 million.

December 8th — Per GMGN market data (via GMGN), meme token Franklin logged 9,310 transactions in the past hour, making it the network’s most active meme coin by transaction volume. Its market cap has climbed above $13 million (currently $13.17 million), with 24-hour trading volume hitting $19.8 million. Franklin ties to the iconic turtle character from the classic kids’ show *Franklin and Friends*. A political satire meme posted by Pete Hegseth—former Trump administration defense official—went viral on X quickly. Hegseth parodied the children’s classic *Franklin the Turtle* as *Franklin Strikes Drug Cartels*, showing the turtle fully armed and firing at a drug cartel vessel from a helicopter, with the caption “Best Christmas Gift.” A military veteran and staunch hawk, Hegseth signaled support for using force against drug cartels, aligning with his longstanding border security narrative. The post blew up on soci

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A whale has deposited 6 million USDC into HyperLiquid and has gone long on Ethereum, SUI, and FARTCOIN.

Per Onchain Lens monitoring on December 8th, a whale deposited 6M USDC into HyperLiquid and opened multiple long positions: 20x leverage on ETH, 10x on SUI. Additionally, the same whale opened a 10x leverage long position on FARTCOIN yesterday.

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Metaplanet has not increased its Bitcoin holdings since September 30, with the stock price dropping over 77% from its peak.

December 8: Japanese Bitcoin treasury firm Metaplanet has not added to its Bitcoin holdings since September 30. Notably, the company’s stock has declined since peaking at 1,781 yen on June 15 this year, and is currently trading at 398 yen.

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BRICS Countries Launch Gold-Backed Digital Currency "Unit"

On December 8, Intellinews cited the Institute of the Russian Academy of Sciences (IRIAS) reporting that the BRICS group has rolled out a working prototype of a gold-backed trade currency named "Unit." This digital trading instrument is backed by a reserve basket consisting of 40% physical gold and 60% BRICS national currencies—with the Brazilian Real, Chinese Yuan, Indian Rupee, Russian Ruble, and South African Rand each weighted equally. The pilot project was spearheaded by IRIAS, which issued 100 Units on October 31, with each initially pegged to 1 gram of gold. While the initiative has not yet become official policy, its existence marks a direct step toward de-dollarization. The "Unit’s" value is designed to fluctuate daily based on how its component currencies trend against gold. As of December 4, market swings have adjusted the reserve basket’s value to the equivalent of 98.23 grams of gold, effectively setting each Unit’s value at 0.9823 grams of gold.

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Trump Releases National Security Strategy, Not a Word on Cryptocurrency and Blockchain

On December 8 (a Friday), former President Donald Trump released a national security strategy outlining his administration’s priorities. The document noted that America’s “core, vital national interests” center on artificial intelligence (AI) and quantum computing. “We aim to ensure that America’s technological and normative advantages—especially in fields like AI, biotechnology, and quantum computing—propel the world forward,” the strategy stated. (Cointelegraph)

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The son of the US Secretary of Commerce, in charge of the Bitcoin treasury company Twenty One, transferred 43,122 BTC

On December 8th, LookOnChain reports that Twenty One Capital—a Bitcoin investment firm backed by Cantor Fitzgerald and Jack Mallers—has transferred 43,122 BTC (valued at $3.94 billion) to a new wallet.

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