A report indicated that 0xHabitat's Gnosis Safe multi-signature was attacked, which is committed to using Optimistic Rollup technology to increase the DAO scale. Funds belonging to the team have gone missing, about 1.4 million HBTs. As a result, LP needs to withdraw from SLP HBT-ETH tokens, and holders of HBT tokens should withdraw funds from rollup. Officials stated that the current HBT tokens are likely to be replaced by new tokens, and the exchange will take a snapshot before the attack on December 1, 2021.

According to news on December 4, Musk posted a picture on Twitter to indulge in Web 3. The picture shows that the Web 3 community is keen to promote the concept of Web 3. Everyone said that they should enter the encryption industry. Web 3 is the future and should contribute to decentralization. DAO, an autonomous organization.

According to official news, the NFT issuance and trading platform XCAD Network announced that it would airdrop the governance of XCAD DEX and reward token dXCAD to XCAD holders to stimulate DEX adoption and community growth. As a result, 12,000 dXCAD will be airdropped to holders and will add initial liquidity to the XCAD/dXCAD pair at $175 per XCAD, which means that the total value of the airdrop is $2,100,000.

Australian university researchers questioned the reputation of Bitcoin BTC as the best store of value, claiming that ETH could lead “to becoming the world’s first deflationary currency.” A paper published by four Australian researchers discusses Ethereum improvement proposals (EIP). How does the 1559 upgrade make ETH a better store of value? The inflation rate of ETH is already lower than that of BTC. Researchers have concluded that ETH provides better inflation hedging characteristics than BTC, so that ETH may provide better than BTC, the long-term store of value.

The Royal United Services Institute (RUSI), a British defense and security think tank, questioned whether it could use NFT assets for money laundering purposes. The report determined that it is necessary to implement a “Know Your Customer (KYC)” monitoring system to reduce money laundering risks. On December 2, RUSI released a report covering the topic of NFT assets. RUSI stated that criminals could also penetrate the NFT market and take advantage of new risks. For example, criminals can hack into user accounts on the NFT market and transfer NFT to their accounts. After transferring the NFT, the hacker can quickly sell the stolen tokens and launder the proceeds. Therefore, RUSI recommends that the NFT market use two-factor authentication (2FA) solutions and maintain good network security. In addition, RUSI suggested developing a registry of stolen NFTs.

The report shows that today's panic and greed index is 25 (31 yesterday), the level of panic is worse than yesterday, and the level has changed from panic to extreme panic. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin in the entire Proportion in the market (10%) + Google hot word analysis (10%).

According to a report, Indians who trade or invest in cryptocurrencies on the Indian platform might attract tax officials' attention and those who hold cryptocurrencies abroad. The government hopes to revise current income tax and disclosure regulations in the upcoming budget, including provisions for cryptocurrencies. People familiar with the matter said that the government hopes to obtain cryptocurrency revenue and investment in India and abroad. The government is considering amendments to Article 26A of the Income Tax Law and the Annual Information Regulation (AIR), which show data on all investments made by taxpayers and are often referred to as "tax passbook." One of the people familiar with the matter said: "There is a recommendation to add the words cryptocurrency, crypto assets or digital currency in some parts of the Income Tax Act. This would mean that those filing tax returns will have to specifically disclose their income from cryptocurrency investment or trading."

Cathie Wood, founder and CEO of Ark Invest said that we are looking for digital wallets: Coinbase, Square's Cashapp, Paypal's Venmo, etc. DeFi and digital wallets are hollowing out banks.

Edward Snowden said that although he has seen some use cases of using NFT to raise funds for public welfare, some people are trying to inject artificial scarcity, and the community should work very hard to reverse the arc of development. Line, avoid injecting artificial and unnecessary scarcity solely to benefit certain investor classes.

Miami Mayor Francis Suarez is seeking to expand cryptocurrency throughout the city. Francis Suarez said that residents would pay fees and taxes in Bitcoin, and multiple employees would also receive wages in digital currency. Any city needs a knowledge-based economy to survive and prosper.