According to a16z's latest article on quantum attacks, Odaily reports that Bitcoin faces two major real-world challenges, making its transition to quantum-resistant digital signatures imperative. First, there's the issue of governance efficiency; Bitcoin's upgrade process is extremely slow. If the community cannot reach a consensus on a solution, any contentious issue could trigger a destructive hard fork. Second, there's the issue of proactive migration; the transition to quantum-resistant signatures cannot be passive; holders must actively migrate their assets. This means a large number of dormant, quantum-vulnerable coins will lose their protection. It is estimated that millions of such quantum-vulnerable and potentially abandoned Bitcoins exist, worth hundreds of billions of dollars at their current market capitalization.

Huoxun Finance News, December 7th - According to market sources, the Chairman of the U.S. Securities and Exchange Commission stated in an interview that the entire financial system will shift towards Bitcoin and cryptocurrencies within a few years. "This is the future of the world."

According to GMGN data, the BNB ecosystem meme coin DOYR has seen a total increase of over 170 times, with its market capitalization reaching a peak of $25 million. It is currently trading at $13.66 million, with a cumulative trading volume of $37.66 million. Last night, Binance co-CEO He Yi mentioned on social media that "finding angles in tweets to launch new coins is a community activity," and reminded users to be aware of the associated risks. She mistakenly wrote DYOR as DOYR. CZ subsequently retweeted this, stating, "DOYR = DO Your meme? Posting a tweet does not imply endorsement of any meme or symbol." Odaily reminds users that meme coin prices are highly volatile, and investors should be aware of the risks.

CoinVoice has learned that the Chairman of the U.S. Securities and Exchange Commission stated in an interview that the entire financial system will shift towards Bitcoin and cryptocurrencies within a few years. This is the future of the world.

Huoxun Finance News, December 7th - Aztec announced on the X platform that its public sale of AZTEC tokens has ended. The total subscription amount for this public offering reached 19,476 ETH, with 50% of the funds coming from the Aztec community. A total of 16,741 users participated.

According to Huoxun Finance on December 7th, a revolving loan whale that liquidated 32,000 AAVE at $101 during the October 11th crash resumed revolving loan purchases of AAVE on November 24th. In just half a month, it has spent 14 million USDC to buy 80,900 AAVE, at an average price of $173. This whale now holds a total of 333,000 AAVE ($62.59 million) through revolving loans, with a total cost of $167. The liquidation price was $117.7.

According to data from blockchain analytics platform Nansen, as reported by Odaily, "smart money" on Hyperliquid (typically referring to the highest-performing traders) is still betting on a short-term decline in Ethereum prices, with short positions increasing by $2.8 million in the past 24 hours. The total net short position in Ethereum on the platform now exceeds $21 million. Furthermore, analysis reveals that demand for ETFs, a key driver of Ethereum liquidity, remains insufficient. Farside Investors data shows that spot Ethereum ETFs have experienced net outflows for two consecutive days as of Friday, recording an outflow of approximately $75.2 million, compared to a net outflow of approximately $41.5 million the previous day.

According to Odaily Planet Daily, the Chairman of the U.S. Securities and Exchange Commission (SEC) recently stated that Bitcoin and broader crypto assets will become the underlying foundation of the global financial system in the coming years. He emphasized that "this will be the direction the world is heading," and said that traditional financial infrastructure will gradually transition to crypto-native technologies.

Huoxun Finance reported on December 7th that Bloomberg ETF analyst Eric Balchunas wrote that, looking back at Bitcoin's performance over the past year, it has actually (at least so far) only retraced last year's extreme gains. It has risen by 122%, five times the price of all other assets. Therefore, even if 2025 ends up being a flat or slightly declining year, as long as it still maintains an average annual gain of around 50%, Bitcoin will still be able to retain its value. Assets occasionally cool down, and stocks are no exception.

Huoxun Finance reported on December 7th that, according to Cailian Press, Elon Musk responded on social media to rumors that SpaceX, the leading commercial spaceflight company, was aiming for an $800 billion valuation and targeting an IPO next year. He stated that the reports of SpaceX raising funds at an $800 billion valuation were "inaccurate." He added that SpaceX has been a company with positive cash flow for many years and conducts two stock buybacks annually to provide liquidity for employees and investors. The company's valuation improvement depends on the progress of Starship and Starlink, as well as obtaining spectrum for global direct-connect mobile networks. However, Musk did not respond to the claim that SpaceX was aiming for an IPO next year.

According to CryptoRank, the average cash cost for a public miner to mine one Bitcoin has reached $74,600 on December 7th, while the total cost, including depreciation and SBC, has climbed to $137,800.

CoinVoice has learned that CyrusOne has confirmed that its data center in Aurora, Illinois, caused a market outage of over 10 hours for CME Group operations due to human error. On-site staff and contractors failed to follow standard procedures to evacuate the cooling towers before the onset of cold weather, ultimately leading to cooling system overload and temperature rise. CyrusOne is jointly owned by KKR & Co. and Global Infrastructure Partners, and this incident raises concerns about the reliability of financial market infrastructure. Previously, it was learned that commodity futures trading on the CME Group was suspended on November 28.

According to Odaily Planet Daily, Aztec officially announced on X that the public sale of AZTEC tokens has ended. The total subscription amount for this public offering was 19,476 ETH, with 16,741 users participating.

Huoxun Finance reported on December 7th that CryptoQuant, an on-chain analytics platform, stated that the Bitcoin SOPR ratio (LTH-SOPR/STH-SOPR) has fallen to 1.35, its lowest level since early 2024. This decline coincides with Bitcoin's price pullback to $89,700. A higher ratio typically indicates that long-term holders (LTH) are actively profiting compared to short-term holders (STH). The plunge to 1.35 suggests that the large-scale distribution phase of older cryptocurrencies has significantly subsided. The actual profit gap between experienced and new entrants is narrowing. This decline indicates that the market is undergoing a large-scale "reset." The speculative bubble that previously drove the ratio up has been deflated. Historically, when the SOPR ratio falls to these lower limits during an overall bull market cycle, it usually signals that the selling pressure is nearing its end. If the ratio stabilizes or rebounds from the 1.35 level, it may indicate that a local bottom is forming, laying a more solid foundation for the next upward move.

Huoxun Finance reported on December 7th that, according to The Block, JupiterExchange COO Kash Dhanda recently responded to community concerns about its lending product JupiterLend, acknowledging that claims in previously deleted social media posts regarding the "zero contagion risk" of JupiterLend vaults were inaccurate. Some previous Jupiter social media posts promoted JupiterLend vaults as having "isolated risks," with one post claiming that isolated vaults "mean that there is no cross-infection between trading pairs, thus eliminating any risk of contagion." After sparking controversy, the Jupiter team deleted the post containing the latter statement. In a video posted on the X platform, Dhanda stated, "These vaults are indeed isolated." However, he also acknowledged that JupiterLend uses recollateralized assets. Last week, Solana lending platform Kamino blocked JupiterLend's migration tools due to concerns that Jupiter was misleading users about its risk model. Kamino's co-founder also criticized Jupiter's claims of vault isolation in a post on the X platform.

According to crypto analyst EmberCN, a revolving loan whale that liquidated 32,000 AAVE at $101 during the October 11 crash has been continuously adding to its AAVE holdings through revolving loans since November 24. Over the past two weeks, it has invested a total of 14 million USDC to purchase 80,900 AAVE, with an average purchase price of approximately $173. Currently, the whale's total holdings have increased to 333,000 AAVE, with a market value of approximately $62.59 million, a total cost of approximately $167, and a liquidation price of approximately $117.7.

Odaily Planet Daily reports that Jupiter Exchange COO Kash Dhanda recently responded to community criticism, stating that the team's previous social media claims that Jupiter Lend's vault had "zero contagion risk" were inaccurate. Jupiter had previously promoted its lending vault as a "risk-isolated" structure, claiming that trading pairs "would not cross-infect, thus eliminating any risk of contagion," but this content has since been deleted. In a video posted on the X platform, Dhanda confirmed that the vault is indeed designed to be isolated, but also acknowledged that Jupiter Lend has re-collateralized assets. Last week, Solana lending platform Kamino, concerned that its risk model was misleading to users, blocked Jupiter Lend's migration tools, and its co-founder also publicly criticized Jupiter's risk statements. (The Block)