[UK Police Suspected of Obtaining Qian Zhimin's Computer Password and BTC Mnemonic Phrase Records] According to *Caijing* magazine, the computer carried by Qian Zhimin during his escape contained a built-in cryptocurrency wallet. After multiple searches, UK police seized several mobile phones, computers, and USB drives, among which one USB drive contained photos of pages from Qian Zhimin's notebook. The relevant pages of the notebook were suspected to have been torn out before being confiscated by the police. The photos recorded the computer's boot password and several mnemonic phrases, such as 'number + love,' along with numerical hint information, making the retrieval of Bitcoin possible. Additionally, *Caijing* mentioned that last month, the Supreme Court's eighth national criminal trial work conference discussed issues related to the handling of virtual currencies involved in cases and the authentication of electronic data evidence.

[PayPal Stablecoin PYUSD Market Cap Rises to Approximately $3.8 Billion] The market cap of PayPal's stablecoin PYUSD has increased from $1.2 billion in September to approximately $3.8 billion currently. In November, PYUSD's supply grew by about 113%, and transaction volume increased by 150%, reaching 1.8 million transactions. Although PYUSD is relatively new compared to Tether's USDT and Circle's USDC, it became the second-fastest-growing stablecoin by Q3 2025, second only to Ethena's USDe (which grew 173% during the same period). The growth is primarily attributed to PayPal's extensive network.

[Cayman Islands Web3 Foundation Registrations Surge by 70% Year-on-Year] Latest data shows that the number of foundation company registrations in the Cayman Islands has increased by 70% year-on-year. By the end of 2024, the total number of registered companies has exceeded 1,300, with over 400 new registrations already recorded in 2025. Such structures are widely used as legal entities for decentralized autonomous organizations (DAOs) and as governance tools for large Web3 project ecosystems. According to a press release from Cayman Finance, at least 17 foundation companies registered in the Cayman Islands hold reserves exceeding $100 million globally. The growth in the number of foundations is linked to the implementation of the Crypto-Asset Reporting Framework (CARF) by the Organisation for Economic Co-operation and Development (OECD). The Cayman Islands has adopted this framework through regulations issued by the Tax Information Authority, which will take effect on January 1, 2026.

VTB, Russia's second-largest bank, has stated that its customers have a high level of interest in Bitcoin and cryptocurrencies. （The Bitcoin Historian）

[Cardano Foundation Appoints Stephen Wood as Chief Financial Officer] On December 3, the Cardano Foundation announced the appointment of Stephen Wood as Chief Financial Officer, responsible for financial strategy, process oversight, funding and risk management, as well as team leadership. Stephen Wood previously served as Finance Director at Copper.co and has over 20 years of financial management experience in traditional finance and the digital asset sector.