Cryptocurrency mining is rampant in Malaysia, with illegal mining causing serious electricity theft. Police are using various methods to investigate mining companies. The government is strengthening regulation and has established a special committee to discuss whether to impose a total ban on mining. There may be organized crime behind mining activities, affecting power facilities and safety.

The article points out that with the resurgence of virtual currency speculation, a firewall needs to be established to protect public property, relying on interdepartmental cooperation and improved regulations. Data shows that in 2024, 3,032 people were prosecuted for money laundering, with many of the criminal methods involving marginalized youth in communities, highlighting the need to strengthen legal awareness and supervision.

Author: Azuma, Odaily Planet Daily
On December 2, BlackRock, the world’s largest asset management company, released its 2026 Investment Outlook report. Although the report has little direct connection to the cryptocurrency market (of the 18-page PDF, only one page mentions stablecoins), as the “king of global asset management,” BlackRock outlines the current environment and variables of the global economy in the report. As the interaction between the cryptocurrency market and mainstream financial markets becomes increasingly close, this may provide some guidance for future macro changes; in addition, BlackRock also provides its allocation strategy for the new market environment, which may serve as a reference for users looking to expand their investment scope.
The full report is lengthy. In the following, Odaily Planet Daily will attempt to provide a concise summary of BlackRock’s

Original Title: Bitcoin Miners Hunted After Stealing $1 Billion of Electricity From Malaysia Grid
Original Authors: Ryan Weeks, Kok Leong Chan, Netty Idayu Ismail
Original Source:
Repost: Mars Finance
In Malaysia’s hotspots for illegal cryptocurrency mining, the crackdown begins from the air. Drones hover over rows of shops and abandoned houses, searching for abnormal heat sources—the typical thermal signals of illegal mining rigs in operation. On the ground, police use handheld sensors to detect unusual electricity usage. Sometimes, the investigative methods are even more primitive: residents report strange bird calls, only for the police to discover that someone is deliberately playing nature sounds to mask the tightly sealed rooms.

Nasdaq-listed company Soluna Holdings announced that it will issue 18,079,144 shares of common stock at $1.77 per share, raising approximately $32 million. The funds will be used for the development of green data centers for high-performance computing applications such as Bitcoin mining and artificial intelligence.

In the past 24 hours, there has been a net outflow of funds from the cryptocurrency market, with BTC experiencing a net outflow of $220 million, followed by SOL, XRP, and ETH. Meanwhile, coins such as TRX and LUNC have seen net inflows.

Original Title: Can L1s Compete Against BTC as Cryptomoney?
Original Author: AvgJoesCrypto, Messari
Original Translator: Dingdang, Odaily Planet Daily
Editor's Note: Recently, Haseeb Qureshi, a well-known partner at Dragonfly, published a long article rejecting cynicism and embracing exponential thinking, unexpectedly bringing the community’s discussion back to the core question: How much value do L1s really have left? The following excerpt is from MessariCrypto’s upcoming “The Crypto Theses 2026,” compiled by Odaily Planet Daily.
Cryptocurrency Drives the Entire Industry
Refocusing the discussion on “cryptocurrency” itself

Maryland man Vong sentenced to 15 months in prison for helping North Korean agents work at U.S. tech companies, using fake documents to obtain positions, which allowed the agents to work remotely and access sensitive government systems.