Recently, the price of Bitcoin has risen significantly, approaching $94,000, with the market rebounding by over 11%. After deleveraging, selling pressure has been released and leverage levels have decreased, which helps stabilize the market. However, there is debate in the market regarding the validity of Bitcoin's four-year cycle pattern.

[BlockBeats] There have been some big moves in the crypto space recently. A firm called Entrée Capital just announced the launch of a new $300 million fund, specifically targeting early-stage Web3 infrastructure projects. That’s a sizable amount, indicating that institutional capital is increasingly interested in blockchain systems that can actually be implemented and integrated with existing technology frameworks.
What does this fund mainly invest in? It covers everything from pre-seed to Series A rounds, with a focus on supporting teams that are laying the groundwork for Web3. Their key areas of interest include: first, AI agents that can manage funds autonomously within a compliant framework—this is a hot topic right now; second, decentralized physical infrastructure networks; and third, protocols that use token mechanisms to coordinate and operate real-world infrastructure. In short, they want to back projects that can turn Web3 from a concept into a practical tool.
Entrée Capital has extensive experience in the fintech and crypto sectors

Etherscan performed routine API maintenance on December 4, lasting for about two hours. Some API services were unavailable during the maintenance, but they have now been restored. However, data synchronization and cache refreshing still require some time. Users are advised to be patient, as the maintenance helps improve system stability.

Former Head of Compliance Platform Products Nemil Dalal has joined Y Combinator as a Visiting Partner, focusing on the crypto sector. He hopes to give back for the support YC once provided him, and this also demonstrates YC's emphasis on Web3 entrepreneurship.

ETH breaks through $3,200. Yi Lihua, founder of an investment institution, shares his experience of consistently buying the dip and emphasizes the need to stick to one's investment logic. He believes that opportunities arise when market sentiment fluctuates, and that ETH is currently undervalued. He suggests long-term investors accumulate positions in batches.

[BlockBeats] Connecticut is getting serious this time. On December 4, the state's Department of Consumer Protection issued an ultimatum directly to three platforms—Robinhood, Kalshi, and Crypto.com.
The reason is straightforward: the sports event contracts you're offering are essentially disguised gambling, and you don't have a license. The state government used tough language, demanding that these companies "immediately cease promoting or offering any form of unlicensed online gambling products to residents of this state." No matter how you package it as a contract, just don't play that game here.
Robinhood was quick to respond, playing the federal regulation card—implying that they are regulated by the federal government, and the state authorities have no jurisdiction.
This is an interesting situation. Prediction markets have been gaining popularity in the US in recent years, operating under the guise of "financial derivatives" to allow betting on sports outcomes. But attitudes toward this vary widely from state to state.

There has been a new development in the case involving the theft of $80 million in Bitcoin. The Third District Court of Appeal in Florida has allowed victims to refile lawsuits against the crypto exchanges accused of failing to freeze the stolen funds. This ruling could have far-reaching implications for industry liability and fund-freezing measures.