LayerZero Community "Activate Protocol Fee Mechanism" Proposal Did Not Pass
On December 27, the LayerZero community’s vote to activate the protocol fee mechanism failed to pass, as it did not reach the required quorum. The next vote is scheduled for 6 months from now.
The proposal aimed to decide whether to implement the LayerZero protocol fee mechanism, which would charge a fee for each LayerZero transaction—with the amount capped at the cost of validation and execution. All collected fees will be converted to ZRO and burned.
8 minutes ago
Bit[.]com, the trading platform under Justin Sun's control: will orderly downsize its existing business and simultaneously initiate the "User Asset Migration Plan."
On December 27, cryptocurrency exchange Bit[.]com announced it will proactively streamline its existing operations while launching its "User Asset Migration Plan."
Bit[.]com will provide clear, comprehensive guidance to users via official announcements, emails, in-app notifications and other channels to help them complete asset processing and migration smoothly within a set timeframe. Specific timing, procedures and precautions will be outlined in subsequent announcements and instructions.
Public records indicate Bit[.]com launched in 2020 as a subsidiary of Matrixport, a Singapore-based cryptocurrency financial services platform. Matrixport was founded by Wu Jihan in 2019 after he departed Bitmain (where he remains chairman), with Matrixport serving as Bit[.]com’s parent company.
8 minutes ago
The whale made an initial $1,000 investment in Polymarket this year and has since accumulated over $2 million in profits.
On December 27th, it was revealed that Smart Money address “RN1” turned an initial $1,000 investment on Polymarket into over $2 million in profits this year.
The address focused primarily on sports prediction markets in 2024, logging more than 13,000 total bets—with its largest single profit hitting $129,000.
Per crypto influencer @carverfomo’s analysis, this trader generated returns via high-frequency arbitrage: they capitalized on temporary price discrepancies in the platform’s automated market maker (AMM), rather than relying on accurately predicting event outcomes themselves.
8 minutes ago
Bitmine has accumulated a total of 154,176 ETH in staking today, worth approximately $451 million
December 27 — Per data from Ashes Monitor, Bitmine has staked a total of 154,176 ETH today, worth approximately $451 million.
Previous statistics show Bitmine’s total ETH holdings stand at 4.066 million.
8 minutes ago
Galaxy Research Director: US ETP Performance Stable, Bitcoin Mimicking Gold as Currency Devaluation Hedge Tool Only a Matter of Time
On December 27, Galaxy Research head Alex Thorn noted on X that Bitcoin will need to close above $93,389 on 2025’s final trading day to post positive annual returns. While investor sentiment toward Bitcoin is currently low, some portfolio managers may reassess the crypto in January 2026. Bitcoin has seen a wave of bullish developments this year, with this upward momentum appearing to become the norm.
Despite a lackluster year-end showing, U.S. Bitcoin ETPs have remained far more stable. Since hitting a record $62 billion in October, cumulative inflows have only dropped 9%—underscoring the asset class’s growing maturity. Galaxy believes Bitcoin could soon act as a currency depreciation hedge like gold, as top asset allocators and central banks may catalyze this shift.
8 minutes ago
Russian Former Traffic Police Officer Sentenced to 7 Years for Using Violence to Obtain Evidence and Steal Hundreds of Thousands of Dollars Worth of Bitcoin
On December 27, a former traffic police officer in Ufa, Russia, was sentenced to seven years in prison for stealing approximately 20 million rubles (hundreds of thousands of dollars) worth of Bitcoin.
The case stems from 2022, when the officer illegally accessed the mobile phones of two detainees while processing a case, used a messaging app to transfer BTC from their encrypted wallets, and engaged in violent evidence-gathering.
The court ordered him to compensate the victims roughly 20 million rubles, strip him of his police rank, and sentence him to seven years in a standard-regime correctional facility.
(Bits.media)
8 minutes ago
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