Odaily Planet Daily reported on December 3 that the Public Security Bureau of Jiayu County, Xianning City, Hubei Province, issued a notice stating that during the investigation of a case involving extortion and infringement of citizens' personal information, a large number of items were seized from the residence and rented house of the suspect, Zeng. Among these items was a cryptocurrency wallet containing approximately 1.9 million USDT. Because the asset currently has no clear owner, the police are handling the matter through public announcement. The owner of the asset must claim it within six months with valid identification; otherwise, it will be turned over to the national treasury according to law.

Odaily Planet Daily reported on December 3 that the Public Security Bureau of Jiayu County, Xianning City, Hubei Province, issued a notice stating that during the investigation of a case involving extortion and infringement of citizens' personal information, a large number of items were seized from the residence and rented house of the suspect, Zeng. Among these items was a cryptocurrency wallet containing approximately 1.9 million USDT. Because the asset currently has no clear owner, the police are handling the matter through public announcement. The owner of the asset must claim it within six months with valid identification; otherwise, it will be turned over to the national treasury according to law.

Huoxun Finance reported on December 5th that, according to Bloomberg, Meta CEO Mark Zuckerberg plans to significantly cut the Metaverse business budget, with reductions reaching up to 30%, and related layoffs potentially beginning as early as January next year. This adjustment primarily affects MetaHorizonWorlds virtual worlds and QuestVR devices, with the saved resources being redirected to emerging projects such as AI glasses and wearable devices. While Zuckerberg remains optimistic about the long-term potential of virtual worlds, Reality Labs has lost over $70 billion since 2021, and external doubts continue to exist regarding the Metaverse strategy. Meta is also gradually shifting its focus to AI technology and hardware products.

Huoxun Finance reported on December 5th that, according to Bloomberg, cloud computing startup Fluidstack is in talks for a new funding round of approximately $700 million, potentially valuing the company at $7 billion. This round is likely to be led by Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, with participation from Google's parent company Alphabet and Goldman Sachs. This year, Fluidstack has already secured several collaborations with Google and plans to build a €10 billion AI supercomputing center in France. Fluidstack has already established partnerships with Meta, Honeywell, and numerous other AI startups.

According to sources familiar with the matter, Bank of Japan (BOJ) officials are preparing to raise interest rates at their policy meeting later this month, provided there are no major shocks to the economy or financial markets during this period. The sources also stated that the BOJ will indicate it will continue raising rates if its economic outlook is met, while remaining cautious about the ultimate extent to which it will push rates. This rate hike would push Japan's policy rate to its highest level since 1995. Market focus is on how aggressively the central bank will signal further rate hikes. Overnight swap indices show traders believe there is approximately a 90% probability of a rate hike this month. The sources indicated that officials assess the increased likelihood of their economic outlook being met as the impact of US tariffs becomes clearer and persistently high corporate profits provide companies with room to raise wages. The sources added that the BOJ may signal the need to review the economy's response to each rate hike to determine the appropriate level of borrowing costs. When interest rates are at a neutral level, they neither stimulate nor cool the economy. The BOJ's estimate of the neutral interest rate is in a broad range of 1% to 2.5%. (Jinshi)