This week the US Ethereum spot ETF saw a net outflow of $65.4 million

On December 7, Binance founder CZ retweeted He Yi’s view titled “Issuing Tokens from Tweets Is a Community Behavior” (link: https://www.theblockbeats.info/flash/323281) and noted that DOYR stands for “DO Your Meme”? Even if someone turns everyday words we use into memes, that won’t stop us from using those words again. Tweets will continue as usual, and any words in them do not constitute an endorsement of any meme or symbol.

On December 7th, data from GMGN (via https://t.me/gmgnaibot?start=i_m4TE56o8) shows DOYR—a meme coin on the BNB Chain ecosystem—launched today. Within 3 hours, its market cap hit $9.7 million; it now sits at $8.5 million, with a 3-hour trading volume of $13.1 million. Tonight, Binance Co-CEO He Yi noted in a post (via https://www.theblockbeats.info/flash/323281) that “launching tokens by ‘finding an angle’ from tweets is a community-driven behavior” and urged users to be mindful of investment risks—mentioning DOYR. (Note: DYOR was incorrectly written as DOYR here.) BlockBeats reminds users that meme coins often lack practical use cases, exhibit extreme price volatility, and require caution when investing.

**December 7th** Jupiter Lend’s vault independence is facing intense scrutiny from the Solana community, after co-founders of two Solana protocols—Fluid and Kamino—called out the platform for misstating its "full isolation" claim. Samyak Jain, co-founder of Solana lending protocol Fluid, confirmed Jupiter Lend’s vaults use rehypothecation to boost capital efficiency, noting assets in the vaults are "not completely isolated" from one another. Marius, co-founder of Solana liquidity protocol Kamino, added: *This week, Kamino banned the Jup Lend migration tool because users were misled and unaware of the protocol’s design and risks. Jupiter Lend has repeatedly claimed assets have no interrelation, and that "users won’t be affected if assets in different vaults face adverse events"—a claim that is completely unfounded. For example, if a user supplies SOL and borrows USDC, their SOL is lent to recursive borrowers (including JupSOL, INF, etc.). Users bear all risks of this recursive n

Dec 6 — Web3 ecosystem project MiniDoge unveiled its curated NFT artwork at Art Basel Miami Beach (Dec 5–7) in Miami, USA, as part of its effort to explore cross-border integration between Web3 and contemporary art. This year’s Art Basel has drawn 283 top galleries from 43 countries and regions, with over 80,000 global art collectors, venture capital firms, and crypto industry leaders expected to attend. As a global hub for Web3, AI, and art, Miami has turned the fair into a key cross-disciplinary platform. MiniDoge’s showcased NFT centers on a fusion of Meme culture, DeFi utility, and on-chain creativity.

On December 6, Farside Investors data shows U.S. Bitcoin spot ETFs posted a net outflow of $87.7 million this week. Notably, BlackRock’s BITE recorded a net outflow of $49.1 million, while the ARK Bitcoin ETF (ARKB) saw a net outflow of $77.8 million.

Dec 6 — SVM Layer1 blockchain project Fogo has announced the launch of its Ecosystem Points Program 1.5 and mainnet performance testing initiative **Fogo Fishing**. Fogo Fishing simulates high-frequency trading and on-chain throughput to stress-test the mainnet. The event will run for roughly two weeks, with several random snapshots taken during the period. Fogo plans to airdrop tokens to users who participate in Fogo Fishing activities and liquidity provider (LP) events on Valiant Pools. To date, Fogo Fishing has recorded a TPS (transactions per second) exceeding 1,000. Previously reported: On Jan 25, 2025, Fogo (an SVM Layer1 chain) closed an $8 million financing round on investment platform Echo, with a token valuation of $100 million. The Echonomist led the round, with other participants including 4 CMS Holdings, Big Brain Collective, and Patrons. In December 2024, Fogo completed a $5.5 million seed round, led by Distributed Global (which contributed $5 million). The proje