Caixin: In 2024, Chinese Authorities Sue 3,032 People for Money Laundering, Including Using "Virtual Currency" to Transfer Criminal Proceeds

Dec 6 — SVM Layer1 blockchain project Fogo has announced the launch of its Ecosystem Points Program 1.5 and mainnet performance testing initiative **Fogo Fishing**. Fogo Fishing simulates high-frequency trading and on-chain throughput to stress-test the mainnet. The event will run for roughly two weeks, with several random snapshots taken during the period. Fogo plans to airdrop tokens to users who participate in Fogo Fishing activities and liquidity provider (LP) events on Valiant Pools. To date, Fogo Fishing has recorded a TPS (transactions per second) exceeding 1,000. Previously reported: On Jan 25, 2025, Fogo (an SVM Layer1 chain) closed an $8 million financing round on investment platform Echo, with a token valuation of $100 million. The Echonomist led the round, with other participants including 4 CMS Holdings, Big Brain Collective, and Patrons. In December 2024, Fogo completed a $5.5 million seed round, led by Distributed Global (which contributed $5 million). The proje

On December 6th, per HTX market data, Bitcoin topped $90,000, while its 24-hour decline narrowed to 0.55%.

On December 6, Bitget announced via an official statement the launch of its U-Index-powered POWER perpetual contract, which offers leverage ranging from 1x to 20x. The platform will also roll out its contract trading BOT simultaneously.

December 6th The U.S. released delayed September PCE inflation data yesterday: core PCE year-over-year hit 2.8%—a five-month low, slightly below market forecasts. That gives the Fed more leeway to cut rates at its December meeting. Overall, inflation’s showing a “slowing but not fully tamed” trend. Markets are now betting on a “soft landing” scenario: the U.S. dollar index keeps sliding, U.S. Treasury yields are falling, and U.S. stocks are extending a modest rally. But the crypto market has decoupled from equities. Bitcoin briefly dipped to roughly $87k after the data drop, swinging 3% over 24 hours. This was driven mainly by options expirations, MicroStrategy-related pressure, and Asian market volatility—not inflation itself. Major coins pulled back in sync, but BTC ETFs still saw net inflows of nearly $60 million. That signals institutional buying hasn’t faded, and market panic has eased from extreme levels to neutral territory. In the short term, BTC’s key support zone is

Dec. 6 DLNews reports that U.S. financial services firm Clear Street intends to go public as early as January 2026. In recent years, Clear Street has emerged as a top underwriter of cryptocurrency-linked stock offerings, providing services for several "Digital Asset Treasury (DAT) firms"—including multiple offerings for Strategy and acting as underwriter for Trump Media & Technology Group.

On December 6, Binance Co-CEO He Yi noted in a post: - Binance’s official Twitter account’s identity and content posting are at the account manager’s discretion. - Binance employees are prohibited from participating in the issuance or promotion of any token projects. - Tokens launched by the community based on Binance’s official tweets, personal statements, or terms extracted from posts are community-driven and not endorsed by Binance. - Binance will not stop tweeting just because some users may try to find a loophole. Additionally: Misinterpretation of expressions is inevitable. Encouraging employees to innovate and experiment applies only to their daily work and has no connection to any token projects. Please be aware of investment risks. #DYOR