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Hollywood Director David Lynch Sued Netflix Over $11 Million Cryptocurrency Investment Scam

2 hours ago

On December 12, director Carl Rinsch—best known for helming the 2013 Keanu Reeves-starring film *47 Ronin*—was convicted of wire fraud and money laundering. Prosecutors accused Rinsch of embezzling $11 million from Netflix, with some of the funds used to purchase cryptocurrency. Earlier reports noted Rinsch initially invested $4 million in Dogecoin, netting $27 million in profits before squandering most of that sum on luxury goods. Rinsch faces up to 90 years in prison and is scheduled to be sentenced on April 17, 2026.
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Bitget has launched U-based CYS and US perpetual contracts.

On December 12th, Bitget announced via an official statement the launch of U-based CYS and US perpetual contracts, offering a maximum leverage of 1 to 25x. Contract trading bots will also go live simultaneously.

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The latest peace agreement plan includes Ukraine joining the European Union in 2027

**December 12 (FT) — Ukraine could join the European Union as early as 2027 under a fast-track proposal agreed to by the U.S. and the U.K., a move set to overhaul the bloc’s membership accession process, the Financial Times reported Wednesday.** **Sources with knowledge of the matter told the outlet the latest draft of the Ukraine peace proposal explicitly specifies Ukraine’s EU accession date as January 1, 2027. The sources added this accelerated timeline would upend the EU’s “performance-based” framework for admitting new members, forcing the bloc to reevaluate its entire accession process.** **Separately, Russian President Vladimir Putin’s foreign policy advisor, Ushakov, said Friday Moscow has not yet reviewed the latest draft of the U.S.-backed peace plan involving Ukraine and its European allies. “Once we review it, I suspect we won’t be pleased with much of its content,” Ushakov stated.** **Ushakov also rejected a proposal floated by the Trump administration that the fr

4 minutes ago

People's Bank of China: Continue to implement moderately loose monetary policy and promote the internationalization of the renminbi

**December 12 — The Party Committee of the People’s Bank of China (PBOC) held a meeting, with key takeaways from the minutes below:** ### Key Point 3 (Monetary Policy) - Continue implementing a moderately loose monetary policy and accelerate supply-side structural reform in finance. - Prioritize stable economic growth and reasonable price increases as core policy considerations. - Flexibly deploy tools like reserve requirement ratio (RRR) cuts and interest rate reductions, controlling policy intensity, pace, and timing to maintain sufficient liquidity, lower overall social financing costs, and boost financial support for the real economy. - Improve monetary policy transmission, optimize structural policy tools, enhance fiscal coordination, and guide lenders to back key areas: expanding domestic demand, tech innovation, and small and micro-enterprises (SMBs). - Keep the RMB exchange rate basically stable at a reasonable, balanced level. ### Key Point 5 (Financial Opennes

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Cookie: Unable to predict the token price movement post TGE, merely serving as an operational tool for the InfoFi platform

On December 12, Cookie DAO released a statement addressing the sharp price drop following the Token Generation Event (TGE) on the Cookie Launchpad. The announcement clarified that Cookie did not determine the token’s performance on or after TGE day. The project team independently set the fundraising amount, tokenomics, and liquidity arrangements. Cookie does not participate in the project’s treasury, control pricing, or influence post-listing trends. Instead, it acts solely as an InfoFi platform: providing tools for projects to host InfoFi events, and rewarding users who genuinely drive attention, content, and mindshare for the project. The current market faces extreme liquidity crunches, heavy selling pressure, and unpredictable volatility. The community sentiment that “Cookie made a fortune while everyone else took massive losses” is completely false. Cookie is not ignoring this situation and remains attentive to community feedback, aiming to learn from each token listing to im

4 minutes ago

Pre-market Crypto Stock Movement Mixed, with BitMine Up 1.09%

December 12: U.S. crypto-related stocks were mixed in pre-market trading, per market data. Ethereum Decentralized Treasury (DAT) firms saw broad gains, with the following moves: - MicroStrategy (MSTR): -0.26% - Circle (CRCL): -0.2% - Coinbase (COIN): +0.36% - MARA Holdings (MARA): -0.18% - Riot Platforms (RIOT): -0.08% - BitMine Immersion (BMNR): +1.09% - SharpLink Gaming (SBET): +0.95%

4 minutes ago

Synthetix is set to return to the Ethereum mainnet on December 17th, with SLP launching simultaneously

On December 12, decentralized derivatives protocol Synthetix announced it will relaunch on the Ethereum mainnet on December 17. Synthetix Liquidity Providers (SLP) will go live simultaneously, with access restricted to a whitelist initially—with plans to open to all users as soon as possible.

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