Odaily Planet Daily news: Blockchain company Digital Asset Holdings LLC, operating in the financial sector, has completed a new round of financing, raising $50 million. Investors include Bank of New York Mellon Corp. (BNY Mellon), Nasdaq Inc., S&P Global, and iCapital. This new funding round follows the company’s earlier $135 million fundraising completed earlier this year. The previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers such as Citadel Securities, IMC, and Optiver participating. Digital Asset Holding

N3XT is a new type of blockchain bank founded by former Signature Bank executives, focusing on enabling instant US dollar payments. The bank does not engage in lending; every dollar of deposits is backed by cash or short-term US Treasury bonds and plans to focus on digital asset clients.

Korean digital asset custody company Bidex announced the expansion of the Korean won stablecoin "KRW1" based on the Polygon blockchain. KRW1 is backed by bank deposits in Korea and is planned to be issued on Circle's Ark platform, leveraging Polygon's high performance and low transaction fees.

PANews, December 4—According to Cryptopolitan, Russia’s second-largest bank, VTB, plans to allow investors to buy and sell cryptocurrencies through its brokerage accounts. At an international investment conference held in Moscow this week, the head of the bank’s brokerage services department announced the news. Currently, VTB is offering clients the opportunity to invest in cryptocurrency derivatives and plans to provide direct investment channels for digital assets next year. VTB plans to launch its cryptocurrency trading service as soon as it receives regulatory approval for the business. Russian financial regulators have indicated that this move is likely to be implemented in the coming months. At that time, VTB’s clients will be able to directly buy, hold, and sell crypto assets such as Bitcoin through their individual investment accounts or regular brokerage accounts.

ING’s latest analysis points out that the yield on the 10-year US Treasury bond is currently holding above 4% and has further room to rise. This trend is not favorable for high-risk assets such as cryptocurrencies, as rising yields often indicate tighter financial conditions and declining risk appetite. Currently, the yield on the 10-year US Treasury stands at 4.09%. Despite several economic indicators, including the ADP employment report, showing weakness—with US employment numbers shrinking for the third time in five months in November—yields have demonstrated notable resilience. In a client report on Thursday, ING stated that US Treasury yields have recently fluctuated mainly in the 4% to 4.1% range. “Although a short-term drop below this range is possible, once yields break above the upper end, the likelihood of continued increases is greater.”

ChainCatcher reported that Sun Lei, Global Head of Local and Innovative Payment Products at HSBC Global Payments Solutions, said in an exclusive interview that HSBC has long invested resources to advance tokenized deposit services. He noted that even if only 5%–10% of commercial bank deposits are tokenized in the future, that scale would still far exceed any current cryptocurrency in the market. The technical standards of HSBC’s private chain are the same as Ethereum’s EVM compatibility and ERC-20 standards, and it is possible that some user scenarios in the future may require choosing a public chain technology route. Regarding whether tokenized loans will be launched next, HSBC is already in discussions with clients about related programmable applications.

The Bank of Japan may raise interest rates in December, from 0.5% to 0.75%, marking the first rate hike since January. The government has stated it will tolerate this decision, and the market expects about an 80% probability of a rate hike. BOJ Governor Ueda emphasized that the pros and cons of raising rates will be considered, but remains ambiguous about the final level of interest rates.

Bank of Japan Governor Kazuo Ueda stated that the neutral interest rate level can only be estimated within a broad range, and the market expects the central bank to raise rates to approach the neutral rate. He pointed out that although uncertainties exist, efforts are being made to narrow the estimation range for the neutral rate.

According to a report by Jinse Finance, HSBC Bank emphasized that the latest research shows 74% of companies have received positive returns from generative AI, contradicting previous claims that 95% of companies had not seen any investment returns. Analysts at the institution stated that the widely cited July MIT NANDA report was based on insufficient data and exaggerated concerns about an AI bubble. HSBC pointed out that measuring the success of AI is a complex task that requires rigorous methodology. The study, jointly conducted by Wharton School and GBK, is now in its third phase and provides more reliable evidence that AI investments are delivering tangible productivity and performance improvements for many enterprises.

PANews, December 3—According to DL News, Russian prosecutors are seeking to confiscate a large amount of luxury assets from fugitive secret service official Georgy Satyukov. He is accused of accepting bribes worth $184 million in Bitcoin and $30 million in Ethereum from operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million allegedly linked to Satyukov's bribery case. Prosecutors claim Satyukov used illicit funds to purchase 13 Russian apartments, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. The investigation also found two Porsche Cayenne Turbos registered to him, seven Patek Philippe watches, and other jewelry with a total value exceeding $1.3 million. His family’s bank accounts still hold over $15 million in cash and

Ten major European banks have formed an alliance and plan to launch a euro stablecoin by mid-2026 in an effort to counter the dominance of the US dollar in the global stablecoin market, which exceeds $300 billion. The project is jointly initiated by banks including BNP Paribas, ING, UniCredit, and CaixaBank, and will be developed through the newly established Qivalis institution to ensure compliance with the EU's MiCA regulations. Qivalis has assembled an experienced leadership team, with former Compliance CEX Germany Managing Director Jan-Oliver Sell serving as CEO and former ING Head of Digital Assets Floris Lugt as CFO. The alliance has applied for an electronic money institution license from the Dutch Central Bank and welcomes participation from more banks to drive payment innovation.

PANews, December 3 – According to observations from Gate Research Institute, the crypto market remained volatile this week amid both macro and sentiment-driven disruptions. Expectations of a rate hike by the Japanese central bank and ongoing uncertainty around Fed policy continue to intensify. Currently, the probability of a rate cut in December is

ChainCatcher news reports that Standard Chartered's Global Head of Corporate and Investment Banking, Gethanjay, stated that distributed ledger and blockchain technology will eventually replace the infrastructure of traditional financial markets. Financial institutions that do not keep up with the times will face elimination. Standard Chartered is concurrently laying out innovative financial services such as tokenization of deposits, stablecoins, and Central Bank Digital Currency (CBDC) to enhance market competitiveness.

Gate News Bot news, on December 03, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $91,600, rising 5.88% in the last 24 hours, reaching a high of $93,000 and a low of $83,900. The 24-hour volume reached $78.469 billion. The current market capitalization is approximately $1.83 trillion, an increase of $101.48 billion compared to yesterday. Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology without a central authority or bank; transaction management and the issuance of Bitcoin are carried out collectively by the network. Bitcoin is open source; its design is public, and no one owns or controls Bitcoin, allowing anyone to participate. Through its many unique properties, Bitcoin enables exciting uses that are not covered by any previous payment systems.

BlockBeats news, on December 3, the Chief Economist of the ASEAN Plus Three Macroeconomic Research Office (AMRO), He Dong, stated that stablecoins issued by non-bank institutions do not have the ability to create money and have limited capacity to serve the real economy, making it difficult for them to become mainstream in the currency market in the long run. At the same time, the People's Bank of China has also pointed out that stablecoins carry risks of Money Laundering and fraud. Currently, various regions around the world are researching and developing Digital Money, including Central Banks, banks, and non-bank Financial Institutions that are launching different new payment tools.

Odaily News Sony Group plans to issue a dollar-pegged stablecoin next year for American customers to use within its digital ecosystem to purchase content such as games and anime. This move comes after Sony's banking division, Sony Bank, applied for a national bank charter in the U.S. in October. The charter will allow its subsidiary Connectia Trust to engage in "certain specified activities involving encryption," including the issuance of a stablecoin pegged to the dollar, maintaining corresponding reserve assets, and providing custody and digital asset management services. Sony Bank has partnered with stablecoin company Bastion, which will provide the infrastructure for the Sony stablecoin. Sony Bank hopes that American customers will be able to use its stablecoin for payments.

Odaily News DAT provides investors with exposure to underlying digital assets by packaging crypto assets in securities regulated by the SEC, aiming to outperform the performance of the underlying assets through a strategy that maximizes returns. A key metric for measuring the performance of DATs is the market net asset value (mNAV), which compares the company's enterprise value to its digital asset holdings. Investment bank Macquarie points out that the viability of DAT is closely related to the equity premium relative to net asset value. If this premium erodes or turns into a discount, the model will face significant challenges. When the crypto market experiences a pullback, mNAV may fall below 1, indicating that the company's trading price is below the value of its crypto asset holdings, which may force DATs to sell some tokens to obtain liquidity. Sussex University finance professor Carol A

According to ChainCatcher news, Jin10 reports that Deutsche Bank analyst Anterje Plavk pointed out that if the next Fed chair responds to President Trump’s calls for interest rate cuts while inflation remains high, the dollar may face downward pressure. Plavk believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of the Fed cutting rates. She stated that if the Fed cannot effectively curb inflation risks, it will have a negative impact on the currency.

According to ChainCatcher news and Financefeeds report, Swiss encryption bank AMINA Bank has incorporated Paxos's USDG stablecoin into its institutional services and joined the Global Dollar Network (GDN). As a Swiss encryption bank regulated by FINMA, AMINA Bank continues to expand its institutional-grade digital dollar services. Myles Harrison, Chief Product Officer of AMINA Bank, stated that this collaboration reflects AMINA's ongoing commitment to compliant innovation. In addition to custody and trading, AMINA has also launched a rewards program that offers higher annual rewards for USDG balances.

The report by the French bank noted that if the U.S. Supreme Court rules that Trump has implemented comprehensive tariffs illegally, the dollar could weaken immediately, and investors' concerns about the U.S. fiscal deficit would increase. However, the Trump administration may compensate for the fiscal gap through alternative tariff measures.

Bank of America advises its wealth management clients to allocate 1%-4% of their assets to Crypto Assets and will cover four Bitcoin ETFs starting next year.

Bank of America suggests wealth management clients allocate 1%-4% of their portfolios to Crypto Assets, with a special focus on four Bitcoin ETFs. This advice is suitable for clients interested in high Fluctuation investments and emphasizes the selection of regulated investment vehicles.

Market maker Wintermute pointed out that BTC briefly stabilized last week due to a clear market holdings structure, but the impact from the Bank of Japan quickly shattered the support level. Although macro factors dominate the market, the underlying structure is healthy and liquidity is good, the vulnerability of mainstream crypto assets may drop, and the prerequisites for market consolidation are in place.

Wall Street investment bank Cantor Fitzgerald disclosed for the first time that it holds shares of the Volatility Shares Solana ETF valued at $1.28 million, becoming a company that holds regulated Solana products. This information was submitted to the SEC in mid-November.

On December 1, Fed Chairman Jerome Powell deliberately avoided discussion of the current economic situation or monetary policy during a speech at the Hoover Institution at Stanford University. He reiterated the Central Bank's responsibility to maintain price stability and emphasized the importance of trust and economic humility. Powell's term will expire in May 2026, and the market is watching for Trump to possibly announce a new Fed chairman candidate this month. The timing of the speech is noteworthy: there are only 9 days left until the next Federal Open Market Committee (FOMC) meeting, and the market had hoped to gain signals on policy direction from the speech. However, Powell emphasized that he would not discuss the current economy or monetary policy, but rather commemorate the contributions of the late former Secretary of State George Shultz.

BlockBeats news, on December 2, as the largest overseas creditor of U.S. Treasury bonds, Japan may trigger the repatriation of domestic funds from U.S. Treasury bonds and other overseas assets if it tightens its monetary policy, disrupting the downward trend of U.S. Treasury yield and adding uncertainty to the global market. On Monday, after Bank of Japan Governor Kazuo Ueda hinted at a possible interest rate hike later this month, global government bond yields generally rose (yields rise when bond prices fall). This statement surprised investors, who had expected the Bank of Japan to remain inactive. Ueda's remarks pushed Japan's 10-year government bond yield up to 1.879%—the highest closing level since June 2008. The U.S. 10-year Treasury yield also rose to close at 4.095%, while it was slightly below 4% in the middle of last week. Wall Street is concerned that the rise in Japanese bond yields will attract funds away from U.S. investments.

According to Jinse Finance, the demand for Japan's 10-year government bond auction on Tuesday was stronger than the average level of the past 12 months, despite the rising expectations for the Central Bank's recent interest rate hike. The bid-to-cover ratio was 3.59, up from 2.97 in the last auction in November and the 12-month average of 3.20. This auction took place after Bank of Japan Governor Kazuo Ueda made comments on Monday, which the market believes increased the likelihood of a rate hike later this month. Ueda stated that the Bank of Japan would weigh the pros and cons of raising interest rates and take appropriate action, adding that even after a rate hike, financial conditions would remain accommodative. Currently, the swap market indicates an approximately 80% chance of a rate hike at the policy meeting on December 19, while the likelihood of a January rate hike has risen to over 90%. In contrast, just a week ago, the probability of a December rate hike was only 36%. Meanwhile, the Japanese Ministry of Finance plans to increase short.

PANews, December 2 - The Riksbank of Sweden has released a research report indicating that despite different regulatory frameworks, there is a gradual substantive convergence in stablecoin policies between Europe and the United States. The report focuses on three major dimensions of central bank policies: whether to allow stablecoin issuers access to settlement systems, whether central bank reserves can be used as collateral, and whether liquidity support can be obtained. Currently, while the law in both Europe and the U.S. permits the use of central bank reserves, there are still operational limitations. The European Central Bank has allowed some non-bank payment institutions to hold central bank account balances for transaction flows, but has not opened up the use of stablecoin backing.

Golden Finance reported that the Sveriges Riksbank has published a report on stablecoins, exploring their benefits and risks. The report also analyzes how central banks around the world are formulating policies for stablecoin issuers, revealing that despite differing regulatory frameworks, there is a practical convergence in policy between the United States and Europe. The analysis by the Central Bank of Sweden identified three key areas of central bank policy: whether issuers can access the central bank settlement system, whether they can use central bank reserves as backing assets, and whether they can access the central bank's standing facilities and liquidity support. Regulatory agencies in the United States and Europe have created legal frameworks that technically allow the use of Central Bank reserves as supporting assets, while implementing restrictive measures to limit their use. In Europe, MiCA (Markets in Crypto-Assets Regulation) allows stablecoin reserves to include central bank currencies, although the European Central Bank (ECB) and other EU

BlockBeats news, on December 2, the Japanese government launched its own version of the "Government Efficiency Department" (DOGE), setting a plan in its first meeting aimed at identifying and eliminating inefficient tax measures and subsidies. After the first DOGE meeting, Finance Minister Shunichi Suzuki told reporters on Tuesday: "By eliminating waste through the efforts of everyone, including the public, and directing funds to areas that truly need them, we will form a sharp contrast to previous administrations. This is crucial for maintaining trust in the nation, in our currency, and in the market." Shunichi Suzuki also mentioned that she believes there is no discrepancy between the government's and the Bank of Japan's assessments of the economy, after Bank of Japan Governor Kazuo Ueda expressed confidence in the economic outlook and hinted at possible interest rate hikes. Japan's Economic Growth Strategy Minister Minoru Kiuchi reiterated these comments verbatim, indicating that this response has been vetted by the Cabinet.

According to BlockBeats news, on December 2, following the recent hawkish remarks from the Governor of the Bank of Japan and related asset movements, the probability of "Bank of Japan raising interest rates by 25 basis points in December" on Polymarket has surged to 81%, while the probability of keeping interest rates unchanged is 17%. According to public information, the Bank of Japan plans to announce its interest rate decision on December 19.

BlockBeats news, on December 2, the yield on Japan's 30-year government bonds hit a record high, driven by persistently high inflation and increasing market expectations for the Bank of Japan to raise interest rates later this month. Currently up 1.5 basis points, quoted at 3.405%. Bank of Japan Governor Kazuo Ueda stated on Monday that the central bank will thoroughly discuss the possibility of raising interest rates at the upcoming meeting, which has boosted market expectations for a rate hike in the near term. The yield on 10-year government bonds remained flat at 1.875%. (Jin10)

According to ChainCatcher news and reports from Jin10, the Fed may face a series of divergent votes on interest rate issues in the future, which could weaken the effectiveness of its policy signals. Among the committee of 12 voting members, as many as five have expressed opposition or skepticism towards further rate cuts, while three members hope for a rate reduction. Al-Hussein, a fixed income investment manager at Threadneedle, stated that a 7:5 split would cause chaos in the interest rate market. Bank of New York Mellon believes that the policy outlook for 2026 will be influenced by political economics.

According to ChainCatcher news and Jin10 reports, the Fed has released a regulatory report stating that the banking system still maintains strong capital levels and will continue to focus on bank and commercial real estate loans.

Odaily News Huione Pay in Cambodia suddenly announced its suspension of operations until January 5 of next year and launched a deferred payment plan on December 1 due to a short-term large-scale bank run. A large number of users have queued outside its headquarters in Phnom Penh, and signs have been posted in Chinese stating "Deferred Payment Statement". Notably, the U.S. FinCEN has listed Huione Group as a major money laundering risk institution this May, accusing it of providing money laundering channels for North Korean and Southeast Asian transnational scam organizations, involving encryption scams such as "Pig-butchering scams". (Cambodia-China Times)

Odaily News Sources say that Trump trusts Hassett and believes that he is aligned with him on the desire to push the Central Bank for more aggressive interest rate cuts. Hassett has stated that he would accept the position if invited. Last week, U.S. Treasury Secretary Becerra, who is overseeing the selection process, indicated that Trump might announce his nominee before the Christmas holiday. Other finalists besides Hassett include Federal Reserve Board of Governors member Christopher Waller, Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed a desire for Becerra to serve as chairman, but Becerra has repeatedly declined.

Japan's 10-year government bond yield rose to 1.86%, reaching a new high since 2008 and triggering tremors in global markets. As the Bank of Japan hinted that it would consider raising interest rates at the December rate meeting, the long-standing era of low interest rates may come to an end, directly threatening the support for global risk assets and Yen Carry Trade in the crypto market. In the past year, Japan's government bond yields nearly doubled, with the two-year yield reaching 1% for the first time since 2008. Although 1.86% is still considered low globally, it represents a significant structural change for Japan, a country that has long been in a "zero interest rate" environment. The low interest rates had allowed global investors to borrow yen at extremely low costs, flooding into U.S. Treasuries, European bonds, and high-risk assets, including encryption. However, as domestic yields rise, funds may begin to flow back to Japan.

The Governor of the Bank of Japan has released hawkish signals, with the probability of interest rate hikes rising to 64%, pushing the yen stronger and putting pressure on the dollar and high fluctuation assets. Global risk appetite has declined, leading to a significant fall in BTC, with a bearish short-term structure that requires attention to the liquidity support below. Market sentiment is bearish, and a downward fluctuation is expected.

Sony Bank is accelerating the layout of its encryption payment system, planning to issue a stablecoin pegged to the US dollar as early as fiscal year 2026, aimed at serving Sony's vast global ecosystem of games, streaming, and anime. According to Nikkei News, this stablecoin will allow users to directly pay for subscriptions and digital content fees on PlayStation and related platforms without relying on credit cards, further dropping Sony's payment costs on credit card networks. In order to successfully launch the product into the US market, Sony Bank applied for a US banking license in October this year and plans to establish a US branch to be responsible for issuance and compliance matters, while collaborating with the US stablecoin infrastructure company Bastion. Over 30% of Sony's revenue comes from the US, making US consumers a key group for the early promotion of stablecoins. This plan also benefits from the recently passed GENIUS Act.

Ripple Labs' Singapore subsidiary, Ripple Markets APAC, has received approval from the Monetary Authority of Singapore to expand its regulated activities under its payment institution license. This will enhance Ripple's investment capability in Singapore and provide a more efficient funds transfer infrastructure.

Paul Krugman warned that Trump's allies are undermining the regulatory measures established after the 2008 financial crisis, increasing instability in the financial system. He mentioned that loosening bank capital requirements and supporting the encryption industry could trigger a new crisis.

BlockBeats news, on December 1st, Arthur Hayes stated that Bitcoin experienced a big dump, caused by the Bank of Japan hinting at a possible interest rate hike in December. The exchange rate of the US dollar against the Japanese yen fluctuates in the range of 155-160, indicating a hawkish stance from the Bank of Japan.

PANews, December 1st news, cryptocurrency analyst Willy Woo released a comparison chart of bank runs. Tether (USDT) experienced a redemption wave of about 20-25% in 2022 and still fully paid out, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's current assets are in cash equivalents, with the rest in gold and Bitcoin, totaling an over-collateralization of 3%. Even if volatile assets fall by 30% in extreme market conditions, USDT still has 95% asset backing.

Jin10 reported that Bank of Japan Governor Kazuo Ueda hopes to further clarify the future interest rate hike path after the rate rises to 0.75%.

According to ChainCatcher news, Jin10 reported that the Governor of the Bank of Japan, Kazuo Ueda, stated that delaying interest rate hikes for too long could lead to severe Inflation, forcing the Central Bank to quickly adjust its policies.

BlockBeats news, on December 1st, according to Nikkei, Sony Bank is set to issue a stablecoin pegged to the US dollar as early as the 2026 fiscal year in the United States. Sony Group plans to use this stablecoin for payments related to games and anime content within its ecosystem.