The US Senate Banking Committee requested SBF to appear at a hearing scheduled for December 14th to discuss the collapse of FTX. If SBF refuses to appear, he will be subpoenaed.Sherrod Brown, chairman of the committee, wrote a letter to SBF, which said, "as the founder and CEO of FTX Trading Ltd. at the time of its collapse and the founder, principal owner, and former CEO of Alameda Research, you must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors.

Maxine Waters, chairwoman of the US House Financial Services Committee, clarified on Twitter that the report saying she's not willing to subpoena SBF is a lie.She tweeted, "lies are circulating on CNBC that I am not willing to subpoena SBF. He has been requested to testify at the December 13th hearing.

Cross-chain interoperability network Axelar announced it has integrated with Arbitrum. Users can now transfer assets from other chains connected to Axelar to Arbitrum via Satellite, Axelar's cross-chain transfer application.

Bitcoin․com completes $VERSE $50 million token pre-sale, which represents 16% of the total token supply, with strategic buyers including Digital Strategies, Blockchain.com, Kucoin Ventures and others.Bitcoin.com also announced the launch of $VERSE trading on its decentralized exchange, the Verse DEX, starting at 00:30 UTC on Dec 8.