Odaily Planet Daily reports that American entrepreneur Elon Musk has criticized the European Union's €120 million fine against his social media platform X, stating he will respond to senior EU officials involved in the penalty. He wrote on X: "The EU has not only imposed such an absurd fine on X, but also on me personally. This is utterly ridiculous! Therefore, we should respond not only to the EU, but also to those who have taken this action against me. The EU should be abolished." According to local media reports, the US government has also condemned the EU's fine against social media company X, arguing that it specifically targets American companies. US President Trump stated that if the EU continues to punish US tech companies, the US will impose additional tariffs on the EU.

Huoxun Finance reported on December 7th that Matt Huang, co-founder of the crypto investment firm Paradigm, posted on the X platform, "I don't know who needs to hear this, but this is the 'Netscape moment' or 'iPhone moment' for cryptocurrency. It's operating on an unprecedented scale, far larger than we ever imagined, accelerating at both the institutional and cypherpunk levels."

According to Onchain Lens monitoring, a newly created wallet deposited 3 million USDC into Hyperliquid to open a 10x leveraged long position in HYPE.

According to Odaily Planet Daily, the U.S. Securities and Exchange Commission (SEC) will hold a roundtable discussion on cryptocurrencies, financial surveillance, and privacy on December 15th. Zooko Wilcox, founder of the crypto privacy project Zcash, and others will participate. Analysts believe that the SEC may use this meeting to assess the level of regulatory weight it can give to crypto privacy projects during its rule-making process. If a consensus is reached that zero-knowledge proofs can meet compliance obligations, this flexibility can be incorporated into the rules for digital asset brokerages, alternative trading systems, and custody. However, if the meeting splits into two camps—"privacy is a right" and "privacy fuels crime"—the existing surveillance-centric framework may be retained, pushing privacy advocates to court. (Cryptoslate)

According to Odaily Planet Daily, Zhuang Rongwen, Director of the Cyberspace Administration of China, pointed out in an interview with People's Daily that the cyberspace administration will earnestly enhance its sense of responsibility and urgency in modernization and informatization. First, it will accelerate breakthroughs in network information technology innovation, particularly in artificial intelligence, blockchain, and other digital technologies. Second, it will accelerate the development of the industrial ecosystem, promote the application of digital technologies to the real economy, and enhance the common service support capabilities of blockchain. (People's Daily)