📰 BlockBeats Latest News Roundup

1. Multicoin co-founder Kyle Samani: My largest-ever angel investment went to Backpack

2. Fake Ledger website tops Google search results; related sites have received over 1 million visits in the past 30 days

3. Tom Lee: Ethereum could surpass $5,000 by year-end and may reach $50,000 in this cycle

4. Papertrade's notional trading volume exceeds $80 billion; users have lost a cumulative $4.73 million trying to farm PAPER tokens

5. Hedge funds' net exposure to the U.S. stock market's “Magnificent Seven” rises to 22%, a record high

6. Half an hour after Papertrade launched, PAPER token emissions entered decay mode

7. Less than 10 minutes after Papertrade launched, its notional trading volume reached $14.4 billion

8. Papertrade officially launches; 11,465 addresses have deposited $138 million

9. Two whale addresses withdrew a total of 5,965 ETH in the past 20 minutes and may continue buying

10. Relay to discontinue Relay Vaults; withdrawal page will close on December 31

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