Litecoin Treasury Company MEI Pharma Announces Rebranding to Lite Strategy

**On December 5, the China Internet Finance Association and seven other industry associations jointly issued a risk warning targeting illegal activities tied to virtual currencies.** Key details from the warning: - Virtual currencies cannot circulate as legal tender within China. - No real-world asset tokenization activities have been approved by China’s financial regulators. - Relevant institutions are banned from operating any business related to virtual currencies or real-world asset tokenization. **2022 Background: NFT Risk Initiative** Back on April 13, 2022, the same association (alongside other groups) released an initiative to curb NFT-related financial risks. It aimed to: - Stop the trend of NFTs being financialized or securitized; - Strictly prevent illegal financial risks; - Encourage voluntary compliance with behavioral norms. Member units were jointly urged to: - Avoid direct or indirect NFT investments; - Refrain from providing financing for NF

On December 5, the Aave community passed a temperature check vote with a 99.96% approval rating. The proposal calls for disabling Aave V3 deployments on zkSync, Metis, and Soneium, and setting a $2 million revenue threshold for new chain deployments. The Aave community will subsequently release a formal ARFC proposal.

On December 5th, per DefiLlama data, Lighter’s 24-hour trading volume in Perp DEXs has dropped by ~15% but remains the top-ranked platform over the past 24 hours. Some capital has flowed to smaller market-cap platforms, with Pacifica seeing its trading volume rebound. Below are key metrics for select Perp DEXs: - Lighter: ~$8.88B 24h vol | ~$1.27B TVL | ~$1.83B open interest - Aster: ~$7.37B 24h vol | ~$1.42B TVL | ~$2.58B open interest - Hyperliquid: ~$6.32B 24h vol | ~$4.34B TVL | ~$6.30B open interest - EdgeX: ~$4.09B 24h vol | ~$0.412B TVL | ~$0.811B open interest - ApeX: ~$2.82B 24h vol | ~$47.19M TVL | ~$88.51M open interest - Variational: ~$1.75B 24h vol | ~$72.86M TVL | ~$0.373B open interest - Backpack: ~$1.15B 24h vol | TVL undisclosed | ~$2.01B open interest - Pacifica: ~$0.591B 24h vol | ~$41.78M TVL | ~$61.71M open interest (Referral links retained as original: Aster → [https://www.asterdex.com/en-US/referral/aboter](https://www.asterdex.com/en-US/re

On December 5, Bubblemaps revealed the identity of the WET sniper: Ramarxyz (@ramarxyz). The individual secured 70% of HumidiFi’s token allocation during the presale by deploying over 1,000 wallets and is now seeking a refund from the project team. Per Bubblemaps, of the 1,530 addresses involved in the presale, at least 1,100 are linked to the same entity. The sniper covered its tracks by funding thousands of new wallets via a centralized exchange (CEX), with each address receiving exactly 1,000 USDC ahead of the presale. However, one address was mistakenly funded from the private wallet 547Wwc. Later, $150,000 was received from address AUG2N—also funded by 547Wwc—which is tied to the Twitter account @ramarxyz.

On December 5, Binance Futures issued an official announcement stating it will automatically liquidate four U-inverse perpetual contracts on December 10, 2025, at 5 p.m. UTC+8. Following completion of the liquidation, the exchange will delist the corresponding trading pairs: SKATEUSDT, REIUSDT, FISUSDT and VOXELUSDT.

On December 5th, BLR—the platform token of on-chain launchpad project Unbounded Engine—will start trading this evening at 8 p.m. The platform focuses on building liquidity for meme coins, providing full-cycle support for meme projects from launch and liquidity injection to ongoing incentives via an integrated automatic liquidity staking mechanism and multi-tier reward system.