Musk Becomes the World's First Person with a Net Worth Exceeding $700 Billion

December 21st — Per Onchainlens data, a whale has withdrawn another 246,259 LINK from Binance, valued at $3.08 million. The whale has now accumulated a total of 445,775 LINK, worth $5.57 million.

On December 21, Caixin magazine reported that Zhao Zhongxiu, president of the University of International Business and Economics (UIBE), and other scholars published an article titled *Global Stablecoin Regulation Taking Shape: The "Chinese Approach" Could Be Piloted in FTZs*. The article notes that with stablecoin legislation now enacted across multiple major global jurisdictions, China should not miss this historic opportunity. To prudently advance stablecoin-related business and regulation on the Chinese mainland, the authors propose launching pilot programs in Free Trade Zones (FTZs)—including the Qianhai FTZ adjacent to the Hong Kong Special Administrative Region (SAR) and the Hainan Free Trade Port. Specific pilot initiatives include: establishing a "Cross-Border FinTech Lab," creating a stablecoin "whitelist" system, launching an offshore RMB stablecoin innovation pilot, promoting digital trade and intellectual property (IP) financing, and upgrading blockchain infrastructu

On December 21, SlowMist Chief Information Security Officer (CIO) 23pds retweeted a community user’s post to issue a security alert. A developer behind a Polymarket copy-trading bot hid malicious code in the project’s GitHub repository. When activated, the bot automatically reads users’ .env files—which store wallet private keys—leading to fund theft. The bot’s author repeatedly modified the code and made multiple GitHub submissions, intentionally concealing the malicious payload.

**Digital Currency Adoption Speeds Up—Beware These Fraud Traps** On December 21, *Science and Technology Daily* published an article titled *“Digital Currency Adoption Speeds Up—Beware These Fraud Traps.”* Liu Xiaochun, Director of the Shanghai Financial Digitalization Center, revealed that some criminals use instant messaging tools and other channels to spread info about buying digital currency wallets with promises of high returns. They then use the acquired wallets to carry out telecom fraud, money laundering, and other illegal activities. Other scammers create fake event pages to steal personal information and funds. Dong Ximiao, Deputy Director of the Shanghai Finance and Development Laboratory, noted that the key to avoiding digital currency fraud is to recognize its ordinary status as legal tender, reject all get-rich-quick schemes, and protect wallet passwords and verification codes the same way you’d safeguard physical cash.

December 21st — Per HTX market data, UNI has broken above $6.2, currently trading at $6.213 with a 24-hour gain of 17.2%. Per official updates, the final governance vote for Uniswap’s "Activate Fee Switch Proposal" kicked off yesterday, with current support at nearly 100%. The vote concludes at 2:11 Beijing time on December 26. If approved, following a 2-day waiting period: 100 million UNI will be burned, Uniswap v2 and v3 fee switches will be activated on mainnet, and the burning of UNI tokens and Unichain fees will begin.