According to Cambodian media reports, Huionepay Group issued a statement saying that due to recent changes in the external market environment, millions of users experienced a sudden run on the platform. To ensure the safety of user funds and the smooth progress of subsequent redemption processes, after careful evaluation and internal research, a phased postponement of redemption arrangements has been implemented. In response, security firm Bitrace stated that Huionepay primarily operates its stablecoin payment business on the Ethereum and Tron networks. Specifically, all business addresses on the Ethereum network had exhausted almost all USDT balances by October, with the last effective withdrawal occurring on November 3rd, after which there were no further withdrawals. On the Tron network, the shutdown was gradual. On November 3rd, 7th, 17th, 19th, and 24th, Huionepay gradually consolidated its hot wallet balances into at least a few addresses for user withdrawals. These funds were exhausted around the 28th, after which new addresses were urgently activated to consolidate user funds and maintain operations. On-chain analysis shows that Huionepay's daily USDT outflows have decreased from a peak of 41.83 million at the beginning of the month to 7.17 million on the 30th. Currently, on-chain analysis indicates that after Huionepay processed its last user withdrawal request at 13:00 UTC+8 on December 1st, it completely stopped small-amount withdrawals. Although user address fund aggregation activities are still ongoing, funds are no longer flowing to ordinary user addresses, but rather being transferred out in large amounts. As of December 2nd, 2025, only 990,000 USDT remained in Huionepay's on-chain addresses. This also means that the entity did indeed cease operations on December 1st, consistent with the statement released by Huione Group.

Huoxun Finance News, December 3 - Stable, a stablecoin public chain, announced that its mainnet will officially launch at 21:00 Beijing time on December 8.

In the past hour, total liquidations across the network reached $25.25 million, with $1.37 million from long positions, with $23.88 million from short positions. BTC liquidation $11.57 million, ETH liquidation $2.44 million.

According to data from TRONSCAN, as reported by Odaily Planet Daily, the total number of TRON accounts has reached 350,039,047, officially surpassing 350 million. This total number of accounts refers to the total number of active account addresses on the TRON network. Meanwhile, the total transaction volume on the TRON network recently surpassed the $23 trillion mark, with on-chain activity continuing to climb. Furthermore, Web3 e-commerce platform Uquid recently stated on social media that in the third quarter of 2025, orders for physical goods on the Uquid Shop iOS app, based on TRON USDT, surged by 64%. As a globally important payment network, TRON is committed to building the infrastructure of the decentralized internet and actively promoting the arrival of internet decentralization. Currently, TRON has over 12.2 billion total transactions and over $23.5 billion in total value locked (TVL), and has developed into a community-governed decentralized autonomous organization (DAO).

According to Odaily Planet Daily, the Mantle Global Hackathon has attracted over 600 participants worldwide in less than two months since its launch. With the December 31st deadline approaching, the organizers are highlighting their media partners who have facilitated this global event and announcing the full official media lineup covering more than six tracks.