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**December 8 – Official sources confirm Intercont (Cayman) Limited (Nasdaq: NCT) has signed a letter of intent to acquire a minority stake of less than 50% in Singapore-based Web3 firm Starks Network Ltd. The pair will jointly advance the zCloak Network project, formally moving into on-chain digital asset infrastructure development.** **zCloak Network is known for its AI digital identity, enterprise-grade self-custody wallet, stablecoin payments, and AI encryption payment tech. It has secured backing from top institutions including Coinbase Ventures.** **The collaboration will apply Web3 to digitalize shipping trade payments and business processes, accelerating the industry’s smart transformation.** **NCT and Starks noted the acquisition is a key step to advance the group’s long-term strategy and explore cross-industry expansion. Together, they will drive enterprise-grade Web3 adoption in global shipping and trade.**

NEW YORK, Dec. 8 (The Wall Street Journal) — Hyperliquid Strategies Inc. (Nasdaq: PURR) said Thursday its board has authorized a share repurchase program of up to $30 million for its outstanding common stock, effective for 12 months. Chief Executive David Shamis stated: “We’re committed to maximizing shareholder value through prudent capital management. Our top priority is enabling investors to efficiently gain exposure to HYPE — the flagship native token of the Hyperliquid ecosystem. We’ll use company cash to boost the HYPE per share held by shareholders in the most efficient manner.” Repurchases will comply with federal securities laws and may be made via open-market transactions at prevailing prices, privately negotiated deals or other methods. Timing, quantity and amount of repurchases will be at management’s discretion, depending on factors including HSI’s stock price, broader market and economic conditions, and applicable legal requirements. The company does not guarantee t

December 8 — Per official sources, Magma Finance has closed a $6 million funding round led by HashKey Capital, SNZ Holding, SevenX Ventures, Puzzle Ventures, and Topspin Ventures. The capital will be used to build the most adaptive liquidity engine on the Sui network.

On December 8th, IG Group analyst Chris Beauchamp noted that as the Federal Reserve is widely expected to begin cutting interest rates this week, Bitcoin and other cryptocurrencies look set to extend their recent rebound. Easing monetary policy could push capital into the crypto market, especially after recent pullbacks have opened up more appealing entry points. Weekend dips in Bitcoin and Ethereum drew buyers, suggesting a short-term bottom may have already formed. (Bloomberg)

Official sources confirmed on December 8 that Binance Alpha will list Humidifi (WET) on December 9. Eligible users can claim the associated airdrop with Binance Alpha points via the Alpha Events page once trading commences.

**December 8 — BitMine announced Wednesday its total holdings of cryptocurrency, cash and “potential assets” have reached $13.2 billion.** As of 4:00 PM Eastern Time on December 7, the company’s asset breakdown includes: - 3,864,951 Ethereum (ETH) - 193 Bitcoin (BTC) - $36 million in Eightco Holdings (NASDAQ: ORBS) equity - $1 billion in cash Thomas “Tom” Lee, chairman of Fundstrat and BitMine, noted: “Over the past week, BitMine added 138,452 ETH to its holdings — a 156% jump from the 54,156 ETH it added on average per week four weeks ago (the week of Nov. 17). Our accelerated buying reflects confidence that ETH prices will strengthen in the coming months, driven by multiple catalysts. “The Fusaka upgrade (also called Fulu-Osaka) went live Dec. 3, delivering enhancements to scalability, security and usability. The Federal Reserve has taken key December actions, including ending quantitative tightening, and is expected to cut interest rates again Dec. 10. “More th