34-year-old Taiwanese influencer Pei Yun Chung repeatedly dined and dashed at high-end restaurants in New York and was eventually arrested by the police. She is now being held at Rikers Island jail. (Source: World Journal). Rikers Island, located in New York City's East River between Manhattan and Queens, is one of the city's largest detention centers, typically housing inmates awaiting trial or sentencing. Rikers Island has long been notorious for its harsh, violent environment. Due to its large inmate population and outdated facilities, prisoners are forced to stay in overcrowded cells that are not only cramped but also have poor sanitation and frequent issues with prison violence. The stark contrast between the glamorous influencer on Instagram and her current detention in such harsh conditions highlights the bizarre events of recent years.

Bank of America (BoA) CEO Brian Moynihan, Citigroup (Citigroup) CEO Jane Fraser, and Wells Fargo (Wells Fargo) CEO Charlie Scharf are scheduled to meet with several bipartisan senators this Thursday (12/11). The discussion is organized by the large bank alliance Financial Services.

Paradigm’s latest research indicates that the on-chain trading volume of the prediction market Polymarket has been double-counted, and the actual traded volume may be overestimated by a factor of two, posing a potential threat to its valuation and fundraising. The study recommends adopting a single-sided volume calculation standard and calls for greater data transparency and consistency to avoid market misinterpretation.

The National Retail Federation (NRF) predicts that retail sales during Thanksgiving, Christmas, and New Year holidays in 2025 will surpass $1 trillion, representing a 4.2% increase compared to $976 billion in 2024. Behind this astonishing consumer spending, the banking and digital payments industries are the main focus on Wall Street, especially as AI-driven fintech rapidly evolves and digital payments become the norm. The holiday season is a crucial period to observe the payments industry.
Michael William Beer, Head of Crypto and Advertising at marketing platform Whop

Ethereum reserve enterprise BitMine announced an additional purchase of nearly 140,000 ETH, bringing its total holdings to 3.86 million ETH. In this month’s chairman’s address, Tom Lee specifically mentioned that about five weeks ago, the BitMine team hired Tom DeMark, known for his "market timing" expertise, to analyze cryptocurrency price trends. DeMark indicators show that ETH has bottomed out, and BitMine will step up its efforts to continue buying Ethereum.
BitMine buys more ETH, total holdings reach 3.72 million
Yesterday, BitMine revealed its latest cryptocurrency holdings. As of December 7, BitMine held assets worth $13.2 billion, including:
3,864,951 ETH
192 BTC
$36 million in

Tether has recently continued to expand its presence in the AI and robotics sectors, and on 12/9 participated in the $81.5 million funding round for the Italian startup Generative Bionics. The company was spun off from the Italian Institute of Technology (IIT), focusing on humanoid industrial robots capable of working in hazardous and high-labor-demand production environments. Generative Bionics plans to gradually deploy its first batch of mass-produced models in the manufacturing, logistics, healthcare, and retail industries starting in early 2026.
Tether and multiple institutions participate in funding, aiming to create humanoid industrial robots
Generative Bionics recently completed its $81.5 million funding round, with capital coming from Tether,

Terraform Labs co-founder Do Kwon is about to face his first criminal sentencing hearing in the United States, yet his transnational legal disputes remain unresolved. U.S. District Judge Paul A. Engelmayer issued a formal order on the eve of sentencing, requiring both the prosecution and defense to calculate the sentence with consideration for criminal proceedings and detentions in Korea and Montenegro before the sentencing hearing on December 11, 2025. The order also demands detailed responses to six major issues, including transfer procedures and victim notifications. This move indicates the court's attempt to fully clarify Do Kwon's judicial entanglements in the U.S., Korea, and Montenegro before issuing a verdict.
The judge's order requires both parties to submit written explanations by noon on December 10, and notes that certain facts must be established prior to sentencing to enable the court to make an appropriate judgment. The U.S. government had previously encouraged the court to address these issues in advance in its sentencing memorandum.

Bitcoin reserve strategy pioneer MicroStrategy ((, originally named MicroStrategy)) announced the purchase of an additional 10,624 bitcoins, raising its total holdings to 660,624 bitcoins—the largest purchase since late July. In response to recent stock price declines and the possibility of being removed from MSCI indices, MicroStrategy founder Michael Saylor has repeatedly emphasized that Strategy is a software company with a clear operational model and innovative spirit. In fact, aside from common stock (MSTR), MicroStrategy’s preferred shares have remained relatively stable, and with a dividend yield as high as 10%, they offer an alternative investment option for those unwilling to participate in Bitcoin’s high volatility.
Strategy buys another 10,000 BTC, now holds 660,624 bitcoins
Strat

The United States has recently reignited the debate over debanking (Debanking). Members of the Trump camp, Jack Mallers, CEO of blockchain payment startup Strike, and several crypto industry professionals have accused JP Morgan (JP Morgan) of unexpectedly closing accounts, raising public concerns about whether banks are exhibiting political or industry bias. In response, JP Morgan CEO Jamie Dimon made a rare public statement, emphasizing that account closures are not based on political or religious grounds, but are compelled by current regulations. He also revealed that he has been advocating for reforming the system for 15 years.
Trump camp and crypto industry professionals frequently accuse banks of account closures, fueling political and industry concerns
Before Dimon’s interview, Trump Media (Trump Media) CEO Devin Nunes, Strike CEO Jack Ma

The crypto market is quietly entering a moment that many venture capitalists, researchers, and traders consider a “historic turning point.” Paradigm founder Matt Huang describes the current upheaval as an “iPhone moment,” while some believe that the institutional adoption wave will completely invalidate the four-year cycle. With the rise of AI, this article compiles opinions from several industry leaders to give readers a clear view of the present and future of the crypto market.
The iPhone Moment Arrives? Paradigm Welcomes a “Crypto Epic Adoption Cycle”
Paradigm founder Matt Huang recently wrote that the current era for crypto is like the “Netscape era for the Internet, the iPhone moment for smartphones,” and that we have reached a true breakout stage:
Cryptocurrencies are more vibrant than ever, far exceeding our most