shm

According to a report by Jinshi citing Xinhua News Agency, Iranian Foreign Minister Amir-Abdollahian called on regional countries to establish a collective security mechanism "not subject to U.S. interference." During a meeting with Oman's Sultan Haitham in the capital Muscat, Amir-Abdollahian stated that Iran's experience shows that the U.S. military presence in regional countries only leads to turmoil and division in the region. He urged regional countries to jointly build an independent collective security mechanism without U.S. interference.

Aave announced that ecosystem partners and service providers will establish a recovery fund to promote the restoration of rsETH to full asset backing. This plan has taken into account the pending Aave DAO governance votes (including Arbitrum governance votes), indicative protocols, and subsequent successful execution.Aave stated that it has reached an agreement with KelpDAO and LayerZero on the technical steps required to implement the recovery plan. Relevant work is underway, and addressing the issues of affected users and maintaining the stability of the broader DeFi ecosystem is the current top priority. The final recovery plan, user operation steps, and further updates will be announced soon.

The DeFi Education Fund, along with Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz, and other organizations, has sent a letter to the U.S. SEC in response to the recent statement released by the trading and markets division regarding the registration of "non-custodial user interface" brokers for crypto asset securities.The signatories support the statement that the "non-custodial user interface," which only provides a technical entry point and allows users to manage their assets independently, should be excluded from broker registration. They also urge the SEC to establish clearer and more sustainable definitions of "broker" through formal rulemaking, to avoid incorrectly categorizing neutral software tool providers, validators, RPC/API, oracles, cloud services, and other infrastructure under broker regulations. This would provide long-term legal certainty for blockchain infrastructure innovation while ensuring investor protection.Previously, the SEC's trading and markets division indicated that some DeFi trading interfaces do not need to register as brokers, allowing for policy space for related applications. Supporters believe that the new regulations could cover infrastructure participants such as validators, APIs, and oracles. Currently, the U.S. crypto market legislation, the CLARITY Act, is stalled in the Senate.

Curve founder Michael Egorov stated that the recent large number of avoidable security incidents in DeFi stem from centralized single points of failure, which are harming the entire industry. He cited the Aave and rsETH incidents as examples, indicating that related issues should be prevented before accidents occur, rather than remedied afterward.He called for the industry to collaboratively establish DeFi security standards to reduce single points of failure and to share best practices among project teams, auditing agencies, and risk assessment teams; he also suggested that the Ethereum Foundation and Solana Foundation could coordinate ecological participants to develop security principles and rules.

Liquid Capital (formerly LD Capital) founder Yi Lihua announced the establishment of the AI fund OpenX Labs, focusing on investing in and collaborating on AI projects.Yi Lihua stated that he once thought there were no first-tier investment opportunities left, but now he corrects that idea; the golden age of first-tier investment has arrived. The AI era has given top founders a tremendous opportunity, where a few individuals can stand against thousands without the need for management, hiring, salaries, and the tedious tasks of finding clients. As long as you have ideas and strategies, startups in the AI era are on the same starting line as all medium-sized enterprises. I hope that during the upcoming allocation of first-tier investments, I can learn alongside excellent AI founders. I am willing to assist outstanding AI projects without expecting any return; feel free to contact me anytime. AI has also given me the opportunity and motivation for a second startup.

Thai listed company DV8 announced plans to establish a digital asset portfolio equivalent to 10,000 bitcoins by 2028, with plans to purchase 1,000 bitcoins this year.The company also acquired Rakkar Digital, a licensed digital asset custody wallet provider by the Thai SEC, becoming the first bitcoin vault company in Southeast Asia to obtain a licensed custody business under the Thai regulatory framework.

Ethereum founder Vitalik Buterin posted on the X platform, proposing a tool to enhance personal security and provide low-cost protection for civil liberties, which is that everyone should have an easy and "deniable" way to report emergencies.For example, by pre-setting a few secret words, when a watch, phone, or home device hears these words, it automatically dials 911 silently and transmits the location to the police in real-time. This is particularly effective for cryptocurrency holders who are concerned about being kidnapped or robbed.Vitalik stated that if the environment can ensure that there is at least a 20% chance the police will arrive immediately when a robbery occurs, and the robber cannot detect whether the alarm has been triggered, then such crimes will become unfeasible due to the high risk involved. Since this feature requires the victim to take action for it to operate, the risk of it being misused by the government for mass surveillance is relatively low.

The People's Committee of Ho Chi Minh City, Vietnam, has officially approved a project to establish a large new venture capital fund. This venture capital fund plans to raise 50 trillion VND (approximately 190 million USD) by 2035 to promote the development of the city's technology ecosystem. Priority investment areas include artificial intelligence and blockchain digital technology, semiconductors, biotechnology, and renewable energy. Several enterprises and investment funds, including Vingroup, Sovico Group, VinaCapital, FPT Corporation, and Lotte Ventures Vietnam, have formed a consortium to participate in this fund.

According to Startupresearcher, Ho Chi Minh City in Vietnam has approved the establishment of a large new venture capital fund, which plans to raise 50 trillion Vietnamese dong (approximately 190 million USD) by 2035 to promote the development of the technology ecosystem in Ho Chi Minh City.Priority investment areas include artificial intelligence and blockchain digital technology, semiconductors, renewable energy, etc. Currently, several companies and investment funds, including Vingroup, Sovico Group, VinaCapital, FPT Corporation, and Lotte Ventures Vietnam, have formed a consortium to participate in the fund.

The Ethereum Foundation has announced the establishment of the Platform Team, aimed at building the most powerful Ethereum platform possible, enabling better support for users, applications, and all organizations built on Ethereum at both the L1 and L2 layers.Improving the relationship between L1 and L2 layers to create a mutually reinforcing system across various levels. The Foundation stated that since the introduction of the rollup-centric roadmap five years ago, a chain ecosystem has developed around the Ethereum L1 layer. The early rollup mindset has been replaced by differentiated L2 layer networks, each possessing unique and valuable economic systems, thereby extending Ethereum's core characteristics to millions of users.As Ethereum matures, the Foundation believes that more measures must be taken to build a unified platform that can fully leverage the unique advantages of the Ethereum system (L1 + L2). This includes enhancing the value proposition of L2, optimizing the adoption drivers for L2, enabling it to create value for Ethereum more broadly, guiding the ecosystem towards a more secure, permissionless architecture, and simplifying the process for users and institutions to adopt Ethereum.More importantly, building a strong Ethereum means driving technological improvements to reinforce and enhance Ethereum's core characteristics and unique advantages.

According to market news, Illinois in the United States has proposed the "Community Bitcoin Reserve Act," which aims to establish a state-level program to store Bitcoin in multi-signature cold wallets, starting with the Altgeld Bitcoin Reserve. Bitcoin cannot be traded or sold without new legislative approval.

Pump.fun announces the establishment of its investment division, Pump Fund, which will promote the development of startup projects within the ecosystem by establishing long-term partnerships with them.The first initiative of Pump Fund is the launch of a $3 million BiP hackathon: it will have a valuation of $10 million, investing $250,000 in 12 projects, and providing selected projects with guidance from the founding team of Pump.fun, among other forms of support.

The President of Belarus, Alexander Lukashenko, signed decree No. 19 to establish a framework for "crypto banks." According to a statement from the Belarusian presidential office, the decree allows joint-stock companies located in the country's High-Tech Park (HTP) to combine token operations with traditional banking, payment, and other financial services. It defines a crypto bank as a joint-stock company authorized to conduct such combined operations, which must be subject to dual regulation by the HTP and the National Bank of the Republic of Belarus. Entities must have resident status in the High-Tech Park and be listed in a specialized register of crypto banks maintained by the country's central bank.

According to the Belarusian National News Agency, Belarusian President Alexander Lukashenko has signed Decree No. 19 "On Certain Issues of Regulation in the Field of Cryptocurrency Banks and Digital Tokens." The decree aims to consolidate the country's image as a leading nation in the field of financial information technology and create conditions for the operation of "cryptocurrency banks" in the country.According to the decree, "cryptocurrency banks" are defined as joint-stock companies authorized to conduct business using digital tokens while simultaneously engaging in banking, payment, and other related financial operations. To enter the market, cryptocurrency banks must have the status of a resident enterprise in a high-tech park and be included in the cryptocurrency bank register maintained by the National Bank. In conducting their business, they must comply with the regulatory requirements applicable to non-bank credit financial institutions and execute the resolutions of the high-tech park supervisory board.

Brazilian presidential candidate and founder of the party Missão, Renan Santos, recently stated in a podcast that Brazil should consider establishing a national Bitcoin reserve, claiming that the proposal is "feasible in reality." He pointed out that some countries have begun exploring similar practices, and Brazil could gradually build a Bitcoin reserve system.Renan Santos mentioned that his campaign platform includes content related to Bitcoin and believes that blockchain technology can serve as a tool for the public sector to enhance transparency and combat corruption. Previously, the Brazilian Congress held a public hearing on the strategic Bitcoin reserve topic, with discussions initiated by pro-crypto legislators. The Brazilian presidential election will take place this October.

According to Metaplanet Inc., the company announced the establishment of an American Depositary Receipt (ADR) program, with Deutsche Bank Trust Company Americas as the depositary bank. The company's ADR trading is expected to take effect on December 19, 2025 (Eastern Time).According to the announcement, this move aims to enhance accessibility and transparency for global investors, meeting the demand from U.S. investors for more efficient and direct participation in the company's equity. The ADRs will be priced in U.S. dollars and traded through U.S. securities trading infrastructure, reducing transaction costs and improving settlement efficiency.Project details indicate that the ADR will have a 1:1 ratio with common stock, a CUSIP number of 59141L 109, and a trading symbol of MPJPY, which will be traded on the U.S. over-the-counter market.The company emphasized that this ADR program is not for financing purposes and will not affect the total number of common or preferred shares issued.

Pyth Network announced the establishment of a PYTH reserve, which will automatically convert protocol revenue into ongoing PYTH token buybacks through the introduction of a structural mechanism, thereby directly linking product adoption with network value.The operating mechanism is that the Pyth DAO treasury will receive a portion of the protocol revenue and will use these funds to buy back PYTH tokens on the open market every month. The repurchased tokens will constitute the PYTH reserve—this is also the economic outcome of directly injecting real product revenue into network value.

Vitalik Buterin posted on the X platform that the industry urgently needs a "trustless on-chain Gas futures market," similar to a "prediction market for BASE FEE," to address users' uncertain expectations regarding future transaction fee trends.An on-chain Gas futures market can clearly understand people's expectations for future Gas fees and even hedge against future Gas prices, effectively prepaying for a specific amount of Gas over a specific period.