Wu's Weekly Project Highlights: Pumpfun establishes a fund; Lido and other liquid staking projects receive official exemptions; WLFI will launch a loyalty points program; Chainlink introduces a strategic LINK reserve pool.

According to Wu, Base recently celebrated its second anniversary. According to on base data, in the past year, Base had 1.2565 million active users, an increase of 1,280.6% compared to the previous year; the total number of transactions reached 9.869 million, an increase of 2,049.6%; the TVL approached $4.5 billion, while network transaction fees decreased by 97.7% compared to the previous year.

According to Wu's report, data from DeFiLlama shows that the multi-chain DeFi TVL continues to grow, now exceeding $150 billion, with an increase of about $35 billion since the beginning of this year. The DeFi TVL reached a historical high of nearly $180 billion in early November 2021.

According to reports from Wu, Lookonchain has monitored that two addresses under Abraxas Capital are shorting ETH, BTC, SOL, HYPE, and SUI, with unrealized losses exceeding $190 million. Among them, their ETH short position has reached 113,819 coins (approximately $483 million), with an unrealized loss of over $144 million.

According to reports from Wu, Lookonchain has monitored that two addresses under Abraxas Capital are shorting ETH, BTC, SOL, HYPE, and SUI, with unrealized losses exceeding $190 million. Among them, the ETH short position has reached 113,819 coins (approximately $483 million), with an unrealized loss of over $144 million.

The NFT project Pudgy Penguins announced a strategic partnership with the Chinese trendy toy company Suplay, planning to launch penguin-themed toys and related merchandise. The two parties will combine Suplay's advantages in manufacturing and distribution with Pudgy Penguins' brand image to extend digital collectibles into the realm of physical consumer goods, expanding the user base and opening new revenue channels.

According to crypto journalist Eleanor Terrett, Bo Hines, the executive director of the White House Crypto Council, will be leaving to return to the private sector and will assist David Sacks in advancing artificial intelligence-related matters as a special government employee. His deputy, Patrick Witt, is expected to take over the executive director position.

"Legal Case: Programmer Involved in Virtual Currency Casino Case" (Author: Shao Shiwei) This article focuses on a programmer accused of providing virtual currency payment settlement services for multiple overseas gambling websites, suspected of operating a casino under the "virtual currency payment settlement" category. Read the full article:

"Lawyer: What Impact Do China's New Regulations on Assisting Crimes Have on the Crypto Space?" (Author: Liu Zhengyao) Even though judicial interpretations and other regulations are relatively flexible, they cannot recklessly impose criminal penalties on certain behaviors due to the demands of judicial restraint and the limitations of the principle of legality in criminal law; Read the full article:

According to Wu, Lookonchain monitoring revealed that BitMEX co-founder Arthur Hayes sold 2,373 ETH (worth $8.32 million) about a week ago when the ETH price was around $3,507, and 4 hours ago he transferred out 10.5 million USDC in preparation to repurchase ETH at a higher price.