MegaETH developer MegaLabs has completed a $10 million financing through the Echo platform. MegaLabs co-founder Shuyao Kong said that the structure of this round of financing is equity plus token warrants, which is the same as MegaLabs' $20 million seed round in June, and the valuation of both rounds is "9 figures." Kong said that although the over-the-counter (OTC) market valuation of MegaLabs is "significantly higher", the valuation of the Echo round of financing remains unchanged to prioritize decentralization and community participation.

BiT Global, a company associated with Justin Sun, sued Coinbase, claiming that Coinbase's delisting of wBTC and launching of competing products was anti-competitive and violated "numerous state and federal laws" and that the delisting would also "harm" BiT Global.

BIO Protocol initiated a proposal for obtaining BIO liquidity, aiming to allow new participants to join the BIO economy; secondly, deploying liquidity on Ethereum will promote the accessibility and long-term growth of BIO, while also enabling the token to expand to other chains in the future.

The United States will embrace Bitcoin with strategic reserves and increased cryptocurrency adoption. Under the new SEC, multiple new spot cryptocurrency ETPs will be approved. Ethereum ETPs will include staking, while both Ethereum and Bitcoin ETPs will allow physical trading and redemption.

Japanese lawmaker Satoshi Hamada proposed that the government launch a national Bitcoin reserve, citing similar actions being taken by the United States and Brazil. It is suggested that the Japanese government "consider converting part of its foreign exchange reserves into virtual currencies such as Bitcoin." Hamada also pointed out in his proposal that Bitcoin is "less influenced by specific countries or institutions." Bitcoin's "neutrality and decentralized nature" can support economic activities without relying on any specific currency. The government is expected to respond to Hamada's questions in writing in the coming weeks and may publish them publicly on its official website.

Sheila Warren, CEO of the Crypto Council for Innovation (CCI), a collaborative organization that aims to create a better environment for the development of the cryptocurrency industry through lobbying, will resign in January. Sheila Warren has led CCI for the past three years, through the collapse of the crypto industry, the review and inspection of SEC Chairman Gary Gensler, new legislation, and the record high value of Bitcoin. CCI's members include Circle, Coinbase, and OpenSea. The CCI board of directors appointed Ji Hun Kim, the group's chief legal and policy officer, as acting CEO.

The Q3 Bitcoin mining report released by CoinShares shows that the weighted average cash cost of listed miners to produce 1 Bitcoin increased to approximately $55,950, an increase of 13% from Q2, and the total cost including non-cash costs was approximately $106,000. Although mining remains profitable at the current Bitcoin price of $100,000, the rapid growth of network computing power and the fact that some miners are investing funds in AI infrastructure or hoarding coins (HODL) strategies have weakened computing power growth and increased costs. High electricity prices in Texas in the summer have further pushed up production costs for some miners.

Today we will focus on this issue and study and research representative cases from courts across Zhejiang.

According to an announcement by the U.S. Department of Justice, Frank Richard Ahlgren III, a resident of Austin, Texas, was sentenced to two years in prison and ordered to pay $1,095,031 in restitution for filing a false tax return that falsely reported capital gains from the sale of $3.7 million worth of Bitcoin. This is the first criminal tax evasion case solely targeting cryptocurrency.

The instance will support lending of ETH, WBTC, USDC and USDT. AaveDAO will receive 20% of the protocol fee income of the instance and 7% of $WLFI tokens for governance participation and liquidity incentives.

In this transaction, SG-Forge used its 2020 bonds as collateral through the Ethereum blockchain in exchange for the central bank digital currency (CBDC) issued by the Bank of France on its proprietary DL3S blockchain.