Huoxun Finance reported on December 7th that OKX founder Star responded on the X platform to his debt dispute with Li Feng, co-founder of Moore Threads, stating, "People cannot dwell in the shadow of negative history forever. Let's look to the future and contribute more positive energy. Let the law handle the debt issue. Best wishes to every entrepreneur." Previously, it was reported that Li Feng, co-founder of Moore Threads, dubbed "China's first listed GPU company," was exposed for issuing cryptocurrency to raise funds and defaulting on a loan of 1500 BTC.

Odaily Planet Daily reports that Solana Foundation President Lily Liu stated in an article on the X platform that lending protocols within the Solana ecosystem should not continue attacking each other over issues such as "one-click migration tools" and "risk statements," but should instead focus on expanding the overall market size. She pointed out that the current Solana lending market is approximately $5 billion, only one-tenth the size of Ethereum, and negligible compared to the trillions of dollars in traditional finance. Liu emphasized that teams can choose to compete amongst themselves or choose to gain market share from the larger crypto and TradeFi market; "the direction is up to us." Previous news: Jupiter executives admitted that Jupiter Lend's "zero contagion risk" claim was false.

According to Lookonchain monitoring, the whale address pension-usdt.eth has once again established a 20,000 ETH long position (2x leverage), with an average entry price of $3,040.92 and a position value of approximately $60.93 million. The liquidation price is $1,190.66.

Huoxun Finance reported on December 7th that, according to Cointelegraph, analyst MilkRoad stated that the amount of ETH stored on centralized cryptocurrency exchanges has fallen to an unprecedented low, potentially leading to supply shortages. According to Glassnode data, ETH holdings on exchanges are at a low of 8.8%, essentially the lowest level since the network launched in mid-2015. The amount of ETH on exchanges has decreased by 43% since the beginning of July, coinciding with the accelerated growth of Digital Asset Treasury (DAT) purchases. In contrast, Bitcoin holdings on exchanges are higher at 14.7%. MilkRoad believes that ETH is being pulled into areas that are difficult to sell, such as staking, restaking, layer-two network activity, DAT, collateralized cycles, and long-term custody, suggesting that supply tightening could drive up prices. "Currently, market sentiment is low, but market sentiment doesn't determine supply. The supply of ETH is tightening covertly, and the market is deciding the next move. When this gap disappears, the price will rise."

According to Yonhap News Agency, the South Korean Financial Services Commission is reviewing a plan to add a clause to the draft "Second Phase of Virtual Asset Legislation" that would hold virtual asset operators liable for damages even if they are not at fault in the event of a hacker attack or computer accident. This plan aims to impose the same "no-fault liability" on operators of virtual asset exchanges as financial companies in response to hacker attacks or computer accidents. From 2023 to September 2025, the five major Korean won exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX) experienced 20 computer system incidents. Furthermore, a plan is currently under discussion to increase the penalties for hacker attacks to the level stipulated in the Electronic Financial Transactions Act. The South Korean National Assembly is currently reviewing an amendment to the Electronic Financial Transactions Act, which proposes fines of up to 3% of a financial institution's sales revenue for hacker attacks. If this bill is passed, virtual asset operators may also face similar fines. Currently, the maximum fine for a virtual asset operator is 5 billion won.