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Commodity Zero-Fee Gala

Lending

Lending protocols form the backbone of the decentralized money market, allowing users to lend or borrow digital assets without intermediaries. Using smart contracts, platforms like Aave and Morpho automate interest rates based on supply and demand while requiring over-collateralization for security. The 2026 lending landscape features advanced permissionless vaults and institutional-grade credit lines. This tag covers the evolution of capital efficiency, liquidations, and the integration of diverse collateral types, including LSTs and tokenized RWAs.

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Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Fintech’s Compliance Paradox: Why Top Firms Still Fax Online and Why iFax Is Their Go-To

Fintech’s Compliance Paradox: Why Top Firms Still Fax Online and Why iFax Is Their Go-To

Have you ever stopped to think about the technology that underpins the fast-paced world of financial technology? You’re likely picturing blockchain, artificial intelligence, and instant payment networks. The surprising thing is that a seemingly dated technology remains a cornerstone of security for many innovative fintech companies. The reality is that enterprise cloud fax services remain widely […] The post Fintech’s Compliance Paradox: Why Top Firms Still Fax Online and Why iFax Is Their Go-To appeared first on TechBullion.

Author: Techbullion

2025/11/28

Galaxy (GLXY) Stock Eyes a 30% Jump As Faster AI Expansion Signals Big Upside

Galaxy (GLXY) Stock Eyes a 30% Jump As Faster AI Expansion Signals Big Upside

The post Galaxy (GLXY) Stock Eyes a 30% Jump As Faster AI Expansion Signals Big Upside appeared on BitcoinEthereumNews.com. Key Insights: Galaxy (GLXY) stock needs stronger buyer activity before a clear 30% rebound. Faster AI delivery at Helios may push Galaxy stock value higher in 2026. The stock price still reacts to crypto trends even as its AI business grows. Galaxy Digital (GLXY) stock moved up about 3% in the last day and now trades near $26. For the full year, it is still up more than 45%, but the last month has been weak. Many traders want to know if Galaxy stock can rise again or if it will stay weak until bigger news comes. To understand this, we look at the price chart, the progress in Galaxy’s new AI data-center work, and the one indicator that must turn positive before a strong rise can happen. Galaxy (GLXY) Stock Shows Support, but With a Catch Galaxy (GLXY) stock was trading near $22 a few days ago. Now it has moved up from that zone. The next important lines on the chart sit near $31 and $34. These lines stopped the price earlier, so they can stop it again. If GLXY stock moves above $34, the price can move toward $45, which was the old high this year. But if it goes under $22 again, the next major support sits near $19. The RSI gives the first simple sign that the stock can rise again. RSI means Relative Strength Index. It shows if a stock has gone up or down too fast. When we compare April 2025 to November 2025, the price made a higher low, but the RSI made a lower low. This is called hidden bullish divergence, but in very simple words, it means the long move is still not broken. GLXY RSI Shows Strength | Source: TradingView It says the bigger trend is still pointing up,…

Author: BitcoinEthereumNews

2025/11/28

Tom Lee $100K Bitcoin Prediction Wakes Sleeping Whales for Bitcoin Hyper

Tom Lee $100K Bitcoin Prediction Wakes Sleeping Whales for Bitcoin Hyper

What to Know: Tom Lee’s $100K Bitcoin target reinforces the idea that this cycle still has upside, pushing traders toward higher-beta plays beyond BTC itself. Bitcoin’s core limitations (slow throughput, variable fees, and no native smart contract) are driving intense interest in Layer 2 designs that unlock scalable, programmable $BTC liquidity. Competing Bitcoin L2 approaches now range from EVM sidechains to rollups and SVM-based execution layers, each trying to capture the next wave of $BTC-driven on-chain activity. Bitcoin Hyper introduces an SVM-powered Bitcoin Layer 2 with extremely low-latency execution and $BTC-settled smart contracts, targeting DeFi, payments, and gaming use cases. When Fundstrat’s Tom Lee publicly floats a $100K Bitcoin target before year end, it doesn’t just light a fire under $BTC. It revives the idea that this cycle still has serious upside left, and that the most aggressive upside often comes from narrative-driven plays orbiting Bitcoin rather than $BTC itself. If you’ve traded previous bull markets, you’ve seen this movie before. As soon as big-name analysts turn openly bullish, attention turns from Bitcoin into higher-beta sectors. This includes leverage products, Bitcoin Layer 2s, and infrastructure tokens that can outperform if $BTC actually makes that leg higher. That’s where Bitcoin Hyper ($HYPER) starts to make more sense on trader watchlists. Instead of being ‘just another alt,’ it’s pitched as a direct way to amplify a renewed Bitcoin move. How? By unlocking the one thing $BTC has never had at scale: fast, programmable blockspace tied back to Bitcoin’s settlement layer. In that context, Bitcoin Hyper isn’t competing with Bitcoin. It’s monetizing the gap between Bitcoin’s perks (security, brand, liquidity) and trader demands: sub-second execution, low fees, and a place to deploy real DeFi and dApps around $BTC. As more readers dig into Tom Lee’s thesis, expect a growing chunk of them to ask not only ‘Can Bitcoin hit $100K?’ but also ‘What could ride its coattails the hardest if it does?’ That’s the funnel where narrative-heavy infrastructure plays like Bitcoin Hyper tend to live. You can read a dedicated breakdown in our ‘what is Bitcoin Hyper’ guide. Why Bitcoin Layer 2 Narratives Heat Up In Late-Cycle Rallies The structural problem hasn’t changed: Bitcoin settles around 7-10 transactions per second on L1, with variable fees and no native smart contracts. That’s fine for long-term holders. But the building potential is capped without a Layer 2 that handles high-throughput execution. As price targets like Lee’s $100K call re-enter the discourse, that technical ceiling becomes a trading angle. If $BTC does break higher, on-chain activity and speculative demand for ‘Bitcoin-adjacent’ yield, DeFi, and leverage historically spike. Infrastructure that can absorb that flow (Lightning, sidechains, and new L2s) tends to capture outsized attention relative to its actual maturity. You’re already seeing a mini arms race: Bitcoin rollup experiments, EVM sidechains pegged to $BTC, and Solana-style high-throughput designs aimed at Bitcoin liquidity. Bitcoin Hyper slots in as one of those options: a Bitcoin Layer 2 that leans on the Solana Virtual Machine rather than EVM. It tries to offer Solana-like speed while staying anchored to $BTC. For traders, it’s another way to express a view that ‘this time, Bitcoin’s upside should come with usable blockspace.’ Here’s a step-by-step guide to buy $HYPER now. Inside Bitcoin Hyper’s Bet On SVM-Powered Bitcoin Blockspace $HYPER’s architecture is modular: Bitcoin L1 for settlement and finality, and a real-time SVM Layer 2 where high-frequency smart contracts and DeFi logic actually run. The thesis is simple: if you can get Solana-style performance, which includes low-latency transaction processing, sub-second confirmation, and fees closer to fractions of a cent), but with $BTC as the underlying asset and settlement layer, then you potentially unlock a very different flavor of the Bitcoin ecosystem. High-speed payments in wrapped $BTC, AMMs, lending markets, NFT platforms, and gaming dApps can all execute on SVM while periodically anchoring state back to Bitcoin. Technically, Bitcoin Hyper uses a single trusted sequencer with periodic state anchoring to Bitcoin, plus a Decentralized Canonical Bridge for $BTC transfers into the L2. SPL-compatible tokens are modified for this environment, letting Solana-native devs port Rust-based code and tooling into a Bitcoin-centric context with relatively low friction. For builders used to Solana’s SVM, that’s a powerful on-ramp. On the token side, the presale has already raised $28.6M, with tokens currently priced at $0.013345. Smart money is moving as well: one whale bought $500K $HYPER two weeks ago. If you’re betting that Bitcoin’s next leg includes not just higher prices but more sophisticated on-chain activity, Bitcoin Hyper is effectively a leveraged play on that thesis via SVM-powered blockspace. Join the $HYPER presale now for a 40% staking APY. This article is for informational purposes only and does not constitute financial, investment, or trading advice; always do your own research. Authored by Elena Bistreanu, NewsBTC – https://www.newsbtc.com/news/tom-lee-100k-bitcoin-target-puts-bitcoin-hyper-on-watchlists

Author: NewsBTC

2025/11/28

Candi Solar bags $58.5M from International Finance Corp

Candi Solar bags $58.5M from International Finance Corp

The funding, announced Thursday, will support Candi Solar's distributed solar projects for commercial and industrial clients in India and South Africa.

Author: Yourstory

2025/11/28

Investors Rotate Out of Large Caps as MUTM Nears 95% Allocation

Investors Rotate Out of Large Caps as MUTM Nears 95% Allocation

The post Investors Rotate Out of Large Caps as MUTM Nears 95% Allocation appeared on BitcoinEthereumNews.com. Crypto Presales Investors are beginning to rotate out of large cap cryptos as momentum shifts toward smaller, faster growing assets. Many traders say they want early stage entries instead of slow moving giants. This has pushed attention toward a new DeFi token that is close to finishing Phase 6 of its presale. With only a small amount of supply left at $0.035, Mutuum Finance (MUTM) is becoming one of the top cryptocurrencies to watch now as buyers move quickly. Dogecoin (DOGE) Dogecoin trades around $0.15 with a market cap near $23B. Despite having one of the largest communities in crypto, DOGE has failed to build strong momentum in recent months. The chart shows clear resistance between $0.17 and $0.20. Each time the token approaches this zone, sellers take control. Analysts say that this barrier is becoming harder to break as market sentiment cools. Support near $0.14 is holding for now, but there is risk of a drop if DOGE loses strength. Market reports show weak technical signals. A recent cross between the 50 day and 200 day averages indicates fading momentum. Some analysts project a fall toward $0.095 if the broader market slows down. These factors limit the upside for investors who are searching for the best crypto to invest in before the next cycle. Many early DOGE holders who captured gains years ago now say they want exposure to tokens with much stronger growth potential. Pepecoin (PEPE) Pepecoin trades near $0.000004 with a market cap around $1.7B. It has seen massive attention, but the token is struggling to break through resistance levels. Analysts highlight an important resistance zone near $0.0000055, followed by another barrier around $0.000006. Each attempt to push higher has failed. The chart shows a pattern of lower highs, pointing to slowing interest. Support sits close to…

Author: BitcoinEthereumNews

2025/11/28

Top 3 Cryptos to Watch Now: Investors Rotate Out of Large Caps as MUTM Nears 95% Allocation

Top 3 Cryptos to Watch Now: Investors Rotate Out of Large Caps as MUTM Nears 95% Allocation

Many traders say they want early stage entries instead of slow moving giants. This has pushed attention toward a new […] The post Top 3 Cryptos to Watch Now: Investors Rotate Out of Large Caps as MUTM Nears 95% Allocation appeared first on Coindoo.

Author: Coindoo

2025/11/28

PA Daily News | Major crypto VCs and exchanges donate to support Hong Kong; Qian Zhimin actually bought 194,000 BTC, of which the whereabouts of 120,000 are unknown.

PA Daily News | Major crypto VCs and exchanges donate to support Hong Kong; Qian Zhimin actually bought 194,000 BTC, of which the whereabouts of 120,000 are unknown.

Today's top news highlights: Animoca executives: Plans to expand business focus to stablecoins, AI, and DePIN by 2026. New doubts in the Qian Zhimin case: 120,000 of the 195,000 BTC are missing, and the wallet owner claims to have lost the password for 20,000 BTC. South Korean Financial Services Commission Chairman: Crackdown on cryptocurrency money laundering; travel regulations expanded to include amounts under 1 million won. Analyst Murphy: The densest trading range for BTC is $94,000-$98,000 and $101,000-$118,000. Only 11 public blockchains have earned more than $100,000 in the past 7 days. Macro New doubts in the Qian Zhimin case: 120,000 of the 195,000 BTC are missing, and the wallet owner claims to have lost the password for 20,000 BTC. An article published in China Newsweek, titled "Can the 40 Billion Yuan in Bitcoins Taken Away by Qian Zhimin Be Returned to China?", points out that Qian Zhimin, the main culprit in a money laundering case involving 60,000 Bitcoins, purchased a total of 194,951 Bitcoins, exceeding the 61,000 Bitcoins seized by the police. However, the court did not disclose the situation of the remaining 120,000+ Bitcoins, meaning that there is a high probability that more Bitcoins in Qian Zhimin's assets have not yet been discovered or confiscated. London Metropolitan Police detective Joe Lane revealed that Qian Zhimin claimed that the password to a wallet containing 20,000 Bitcoins had been lost. Based on the latest market price, these "lost" Bitcoins alone are worth approximately 12.5 billion yuan. South Korean Financial Services Commission Chairman: Crackdown on cryptocurrency money laundering; travel regulations expanded to include amounts under 1 million won. According to Yonhap News Agency, on the 28th local time, Lee Eok-woon, Chairman of the Financial Services Commission of South Korea, stated at the 19th Anti-Money Laundering Day commemoration ceremony of the Financial Intelligence Analysis Institute that the scope of the "travel rule," also known as the "cryptocurrency real-name system," will be expanded to include transactions below 1 million won (approximately US$680). He emphasized that money laundering activities using virtual asset transactions will be severely cracked down on, and virtual asset transactions with overseas exchanges with high money laundering risks will be prohibited. Furthermore, a strict review mechanism will be established to comprehensively examine the criminal records, financial status, and social creditworthiness of major shareholders of virtual asset businesses. Analysis: Upbit may have been subjected to long-term infiltration by an advanced persistent threat organization. Security firm GoPlus analysis indicates that the Upbit attack raises several serious concerns: the hot wallet leak points to vulnerabilities in key management and internal network security vulnerabilities. Cold wallets remain secure. The incident is noteworthy for several reasons: 1. It was an "anniversary attack"—the date coincided with the $50 million hack in 2019 (six years ago); 2. The timing was opportune—launching the attack hours after the major merger announcement of Dunamu and Naver; 3. It exhibited typical Lazarus characteristics—the speed, methods, and symbolic significance of the attack; 4. Sophisticated money laundering methods—using multiple DEXs, potentially circumventing regulations (2200 SOL tokens transferred to Binance). All these signs suggest that the platform may have been under long-term infiltration by an Advanced Persistent Threat (APT) group. Previously, Upbit disclosed the theft of approximately 54 billion won in assets from its Solana network; South Korean authorities suspect the North Korean hacking group Lazarus is behind the attack. Bitcoin holders accuse JPMorgan Chase of market manipulation. According to Cointelegraph, after JPMorgan Chase filed an application with the U.S. SEC to launch leveraged Bitcoin-backed notes, Bitcoin enthusiasts accused the company of manipulating rules to suppress Strategy and Digital Asset Reserves (DATs). Previously, JPMorgan Chase launched structured notes linked to the BlackRock Bitcoin ETF, matching the four-year Bitcoin halving cycle. The UK has proposed introducing a "no profit, no loss" tax rule for DeFi. According to CoinDesk, the UK government is developing a new tax framework that could benefit DeFi users. A proposal released this week shows that HM Revenue and Customs supports a "no profit, no loss" principle for cryptocurrency lending and liquidity pool arrangements. Under the current system, DeFi users depositing funds into protocols, even just for profit or as collateral for loans, can trigger capital gains tax. The new measure will postpone tax payment until an economically meaningful asset disposal occurs. This means that users depositing cryptocurrency into lending protocols or providing tokens to automated market makers will no longer need to pay tax on the deposit itself, but only when they eventually sell or trade the assets and realize a profit or loss. The proposal aims to align tax rules with the actual operation of DeFi, thereby reducing the administrative burden and avoiding unreasonable tax outcomes. The new principle also applies to complex multi-token arrangements; if a user withdraws more tokens than they deposited, the profit will be taxed; if less, it will be considered a loss. However, this model is not yet finalized, and the government is still consulting with professionals and DeFi developers. While HM Revenue and Customs has not set a timetable for legislation, it has stated that it will continue to engage with the industry to assess the necessity of such legislation. Bitwise has updated its filing for the spot Avalanche ETF, proposing to add staking functionality. According to CoinDesk, Bitwise has updated its filing with the U.S. Securities and Exchange Commission (SEC) for its spot Avalanche ETF. This revision changes the ETF's ticker symbol to BAVA and sets the sponsorship fee rate at 0.34%, currently the lowest among similar products. In comparison, VanEck's Avalanche ETF has a fee rate of 0.40%, and Grayscale's is 0.50%. The updated S-1 filing also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer is considering deducting 12% of the proceeds as fees, with the remainder distributed to shareholders. Since competitors have not yet launched staking services, their fees are currently limited to sponsorship fees. Bitwise is also offering a full fee waiver for the first month on its initial $500 million in assets, aiming to position BAVA as the lowest-cost way for traditional investors to gain exposure to Avalanche and earn staking income. Opinion Analyst Murphy: The densest trading range for BTC is $94,000-$98,000 and $101,000-$118,000. According to a BTC Cost Base Distribution (CBD) heatmap shared by analyst Murphy, the most concentrated areas of BTC holdings are currently $94,000-$98,000 and $101,000-$118,000, corresponding to the historical fair price ($98,000) and the average cost of short-term holders ($104,000), respectively, serving as important reference lines for bull-bear market transitions. Furthermore, data shows that between November 21st and 23rd, 950,000 BTC accumulated in the $84,000-$85,000 range, of which 550,000 are related to Coinbase's wallet consolidation, and the remaining 400,000 represent actual trading, possibly related to whale activity. CBD uses an address-based calculation method, providing an important reference for observing market BTC distribution. Arthur Hayes: Price discovery for the largest U.S. tech stocks and major stock indices is expected to occur in the perpetual contract market. BitMEX co-founder Arthur Hayes published an article today titled "Survival of the Fittest: How Perpetual Contracts Are Disrupting Traditional Finance," pointing out that traditional finance (TradFi) is desperately trying to maintain its dominance in stock trading. It will be very interesting to observe how they respond to the rapid market acceptance of stock index perpetual contracts. The first perpetual contract sector to dominate the market will be offshore trading of US stock price risk. US stocks, and all stocks, will eventually be tokenized. However, stock index perpetual contracts do not rely on stock tokenization to succeed. Stock perpetual contracts already have mature infrastructure that allows for rapid scaling. Alliance DAO co-founder: L1 token lacks a moat; betting on the application layer may be the way out. QwQiao, co-founder of Alliance DAO, stated in an article on the X platform that he finds it difficult to convince himself to hold L1 public chain tokens long-term. The reason is not their high price-to-earnings ratio (P/E), but rather the lack of a moat, making them easily commoditized and difficult to capture meaningful value. Currently, cross-chain transfers are very convenient for users, and most application developers can quickly migrate their applications from one chain to another. Furthermore, launching a new chain is significantly easier than before, and the switching costs are far lower than infrastructure like AWS. QwQiao also mentioned that the only way for a chain to strengthen its moat is to develop vertically and control the application layer. He observed that chains like Solana, Base, and Hyperliquid have realized this and are actively taking action, as is the emerging enterprise-level chain Tempo. He firmly believes that the crypto industry will experience exponential growth, and betting on the application layer is the best way to express this view. Project Updates OKX donated HK$10 million to Hong Kong to support emergency relief and recovery efforts. According to official sources, OKX has donated HK$10 million to Hong Kong to support local emergency relief and disaster recovery efforts. YZi Labs seeks to expand the board of directors of BNB treasury company CEA Industries to improve strategy execution and oversight. YZi Labs announced on its X platform that, as a significant shareholder of CEA Industries Inc. (NASDAQ: BNC), it has filed a preliminary consent statement with the U.S. Securities and Exchange Commission (SEC) seeking written shareholder consent to expand the company's board of directors and add new board seats. YZi Labs stated that despite a significant increase in the value of BNC's main asset under management, BNB, the company's performance since the completion of its $500 million PIPE financing deal this summer has fallen far short of the expected results from that investment rationale. It believes BNC's poor performance is a direct result of poor strategy execution, insufficient investor communication, and a lack of effective oversight. YZi Labs also expressed concern about delays in key SEC filings, failure to promptly update investors on digital asset fund management and net asset value (NAV), and continued investor confusion regarding the company's identity, communication, and strategy. The Wormhole Foundation announced the purchase of $5 million worth of W tokens. According to official sources, the Wormhole Foundation announced that it has purchased $5 million worth of W tokens and added them to its balance sheet. Balancer security incident update: DAO begins discussions on an $8 million recovery plan. According to CoinDesk, weeks after a major vulnerability in Balancer v2 vaults led to the loss of over $110 million, the Balancer DAO has begun discussing a plan to distribute approximately $8 million in recovered assets to affected limited partners (LPs). The proposed scheme includes structured rewards for white-hat hackers and compensation based on snapshots of user pool assets at the time of the exploit, consistent with the Safe Harbor Protocol. This protocol stipulates a bounty cap of $1 million per incident, requiring white-hat hackers to undergo comprehensive KYC and sanctions screening. Several anonymous rescuers on Arbitrum have waived their bounty claims. Recovered tokens cover networks including Ethereum, Polygon, Base, and Arbitrum, with liquidity providers receiving compensation proportionally to the tokens initially provided and per pool. A claims mechanism is currently under development; if the proposal is approved, users will need to accept updated terms of use. Additionally, $19.7 million in osETH and osGNO were recovered by StakeWise and will be processed separately; $4.1 million recovered internally in collaboration with Certora is ineligible for a bounty due to a previous agreement. This exploit, caused by a smart contract flaw, marks Balancer's third major security incident, resulting in a plunge in total value locked (TVL) from approximately $775 million to $258 million, and a loss of about 30% in the value of BAL tokens. Bitget will donate HK$12 million to support fire relief and reconstruction efforts in Tai Po, Hong Kong. Bitget will donate a total of HK$12 million to Hong Kong to support emergency relief efforts, assistance to affected families, and post-disaster reconstruction following the Hung Fook Court fire. The donation will be received and implemented by three reputable local charitable organizations. Binance donated HK$10 million to Hong Kong to support fire relief and reconstruction. According to an official announcement from Binance, Binance will donate HK$10 million to the fire-stricken area of Hung Fook Court in Tai Po, Hong Kong, to support rescue and reconstruction efforts. Binance stated that it will implement the donation through relevant channels and extend its condolences to the affected people. Matrixport Group and its employees jointly donated HK$3 million to support fire relief and reconstruction efforts in Hong Kong. To fully support emergency relief, disaster relief, and reconstruction efforts following the Tai Po fire in Hong Kong, Matrixport Group, through its Hong Kong branch, donated HK$3 million to relevant relief organizations. This donation, jointly made by the Group and its employees, will be specifically used for disaster relief and reconstruction. Important data Only 11 public blockchains have earned more than $100,000 in the past 7 days. According to crypto KOL AB Kuai.Dong, citing Nansen data, only 11 public blockchains have generated over $100,000 in revenue in the past seven days. The top six are Tron, Ethereum, Solana, BNB, Bitcoin, and Base. They account for over 95% of on-chain user spending. The vast majority of the remaining public blockchains have low activity, with some generating close to zero revenue. The "insider whale" on October 11th has closed out its long positions of 15,000 ETH in batches, making a profit of $846,000. According to on-chain analyst @ai_9684xtpa, the "whale that opened short positions on October 11th" has closed its long positions. He just closed his long positions of 15,000 ETH (US$45.32 million) in batches, ultimately making a profit of US$846,000. This long position ultimately ended in profit in less than four days. As of now, only the BTC long position from November 8th is in a loss position; all others are profitable, with the account accumulating a total profit of US$101 million. Data: Over the past 30 days, Bitcoin whales have flowed $7.5 billion into Binance, the highest level in a year. CryptoQuant analyst Martunn wrote that the latest data shows that over the past 30 days, Bitcoin whales have poured $7.5 billion into Binance, the highest level in a year. This surge in inflows is similar to the pattern seen during previous periods of high market volatility (such as March 2025), when Bitcoin's price plummeted from approximately $102,000 to a low of $70,000. In these situations, whales typically move funds into exchanges to take profits or manage risk when the market weakens. Given that the 30-day inflow indicator is still climbing, the current data does not yet indicate that selling pressure has stabilized. For investors, this mainly means that the risk zone has not yet been fully resolved. Large inflows into exchanges often act as a barometer of pressure: they indicate that funds are being mobilized, but do not necessarily predict when a trend reversal will occur. In similar periods in the past, it took the market about a month to find a local bottom. Investment and Financing/Acquisition Entrée Capital raises $300 million in new fund, focusing on early-stage investments in AI, cryptocurrencies, and other sectors. According to official news, Entrée Capital has announced the successful raising of a new $300 million fund focused on early-stage investments. This brings the company's total assets under management to $1.5 billion. The new funds will primarily be deployed in pre-seed, seed, and Series A investments in Israel, the UK, Europe, and the US. The new fund will target founders in the following areas: Artificial Intelligence (covering native AI applications, vertical AI, and enabling infrastructure); Deep Technology and Quantum Computing (including computing technologies, science-driven systems, and advanced materials); Software, Data, and B2B Productivity Enhancement; Cryptocurrency (primarily focusing on infrastructure and security); and unconventional cutting-edge innovation. Entrée Capital has previously invested in Web3 domain registrars such as Freename and Bitcoin payment startup Breez. Animoca executives: Plans to expand business focus to stablecoins, AI, and DePIN by 2026. According to Cointelegraph, Keyvan Peymani, Chief Strategy Officer of Animoca Brands, stated that the company plans to expand beyond the gaming sector next year, enriching its existing portfolio of approximately 600 companies. In an interview with CNBC on Tuesday, he elaborated, “We invest in dozens of companies every year, covering artificial intelligence, DePIN, DeFi, gaming, and any emerging areas and new opportunities related to stablecoins. Our core objective has always been to focus on the expansion of the ecosystem we operate in.” He further emphasized, “We strive to be a market leader whenever there are interesting and exciting developments in areas like stablecoins and RWA.” He added that Animoca is committed to bridging the gap between the retail industry and the transformation within the Web3 ecosystem, “You can expect us to continue to delve deeper and uncover potential projects that we believe will disrupt the industry. Stablecoins are a major focus for the company recently.” Institutional holdings The Bhutanese government transferred 160.35 ETH, worth $483,000, to QCP Capital. According to Onchain Lens, the Royal Government of Bhutan transferred 160.35 ETH (worth $483,000) to QCP Capital and may deposit more funds thereafter. Bitmine has purchased 14,618 ETH from BitGo, worth $44.34 million. According to OnchainLens monitoring, Bitmine has purchased 14,618 ETH from BitGo, worth $44.34 million.

Author: PANews

2025/11/28

UK Proposes No Gain, No Loss Tax Rule for DeFi Transactions

UK Proposes No Gain, No Loss Tax Rule for DeFi Transactions

TLDR UK’s HMRC proposed a “no gain, no loss” tax approach for DeFi transactions, deferring capital gains tax until tokens are sold The framework covers crypto lending, borrowing arrangements, and liquidity pool deposits Under current rules, depositing crypto into protocols can trigger capital gains tax of 18% to 32% Major industry players including Aave, Binance, [...] The post UK Proposes No Gain, No Loss Tax Rule for DeFi Transactions appeared first on Blockonomi.

Author: Blockonomi

2025/11/28

RWA Weekly: Coinbase Ventures includes RWA perpetual contracts in its 2026 investment portfolio; Central banks in multiple countries warn of regulatory risks associated with stablecoins.

RWA Weekly: Coinbase Ventures includes RWA perpetual contracts in its 2026 investment portfolio; Central banks in multiple countries warn of regulatory risks associated with stablecoins.

Highlights of this episode This week's weekly report covers the period from November 21st to November 27th, 2025. This week, the RWA market entered a phase of stock optimization, with the total on-chain market capitalization growth further slowing to 1.10%, but the number of holders continuing to rise, indicating a shift in the market from scale expansion to user engagement. The total market capitalization of stablecoins saw near-zero growth, while monthly active addresses surged by 24.84%, highlighting the strengthening of on-chain payment and settlement functions and the activity of small-amount, high-frequency transactions. On the regulatory front, the G20, the European Central Bank, and the South African Reserve Bank have all warned of the regulatory risks of RWA and stablecoins. In contrast, South Korea's STO bill passed its initial review, and Bolivia plans to integrate stablecoins into its financial system, showing a diverging trend in global regulation. At the project level, traditional financial and technology giants continue to integrate crypto projects to develop stablecoins: QCAD was approved as Canada's first compliant Canadian dollar stablecoin, Klarna plans to launch its own stablecoin on the Tempo chain in 2026, and U.S. Bancorp is testing its self-developed stablecoin on Stellar, indicating that stablecoins are becoming a new battleground for various market participants. Data Perspective RWA Track Panorama According to the latest data disclosed by RWA.xyz, as of November 28, 2025, the total market capitalization of RWA on-chain reached US$35.96 billion, a slight increase of 1.10% compared to the same period last month. The growth rate continued to slow down to a near six-month low, and the growth momentum weakened significantly. The total number of asset holders increased to approximately 551,400, an increase of 8.02% compared to the same period last month. The total number of asset issuers was 251, which has stagnated, reflecting the structural contradiction between the expansion of the market investor base and the bottleneck of asset supply. Stablecoin Market The total market capitalization of stablecoins reached $299.45 billion, a slight increase of 0.39% month-over-month, with the growth rate continuing to slow and nearing stagnation. Monthly transaction volume remained high at $4.68 trillion, up 6.89% month-over-month. The total number of monthly active addresses surged to 40.9 million, a significant increase of 24.84% month-over-month. The total number of holders steadily increased to approximately 205 million, a slight increase of 2.86% month-over-month. Both figures confirm that the market has entered a new phase of "stock optimization." Despite near-zero market capitalization growth, user activity and capital turnover efficiency improved simultaneously, reflecting the continued strengthening of on-chain payment and settlement functions. Data shows that institutional settlement and retail transactions formed a robust synergy, with the growth rate of active addresses significantly exceeding the growth rate of transaction volume, reflecting increased activity in small-amount, high-frequency transactions and an improved market structure. The leading stablecoins are USDT, USDC, and USDS. Among them, the market capitalization of USDT increased slightly by 0.25% month-on-month; the market capitalization of USDC increased slightly by 0.38% month-on-month; and the market capitalization of USDS increased by 3.26% month-on-month. Regulatory news G20 financial regulators call for close attention to the development of private lending and stablecoins. According to Reuters, Andrew Bailey, chairman of the G20 Financial Stability Board (FSB), stated in a letter to G20 leaders that the rapid development of the private lending market and stablecoins urgently requires stronger global regulatory cooperation. He warned that differences among countries on stablecoin regulation and prudential frameworks could increase systemic risks and called for the establishment of cross-border compliance mechanisms. He also emphasized that the slow progress made by major economies in implementing the Basel III global banking capital standards should be taken seriously. The European Central Bank has warned of the risks of cross-border regulatory arbitrage involving stablecoins and called for a unified regulatory framework globally. The European Central Bank's preview of its Financial Stability Review, released today (the full report will be released on Wednesday), shows that as of November 2025, the total market capitalization of stablecoins has exceeded $280 billion, accounting for approximately 8% of the entire crypto market. USDT and USDC together account for nearly 90% of this, and their reserve assets have reached the size of the world's top 20 money market funds. A European Central Bank (ECB) report points out that widespread adoption of stablecoins could lead households to convert some of their bank deposits into stablecoin holdings, weakening banks' retail funding sources and increasing funding volatility. While MiCAR has prohibited European issuers from paying interest to curb such transfers, banks are still calling for similar restrictions in the US. Furthermore, the rapid growth of stablecoins and their linkage to the banking system could trigger concentrated capital outflows during crises. The report emphasizes the risks of cross-border "multi-issuance mechanisms," warning that EU issuers may struggle to meet global redemption requests, calling for pre-access safeguards, and promoting global regulatory alignment. South Korea's STO bill has passed its first reading, and the token security trading market is expected to open in the first half of next year. According to South Korean media outlet Electronic Times, amendments to South Korea's Electronic Securities Act and Capital Markets Act have passed the review of the National Assembly's Political Affairs Committee's Bills Review Panel, marking a crucial step towards the institutionalization of Security Token Offerings (STOs). If passed by the current session next month, blockchain-based physical assets such as real estate, artwork, and music copyrights will be legally "tokenized" and circulated on legitimate platforms. Currently, three major conglomerates are vying for STO trading platform qualifications. Industry insiders predict that South Korea may become an Asian hub for security token offerings through this initiative. The South African Reserve Bank has listed cryptocurrencies and stablecoins as new financial risks. According to Bloomberg, the South African Reserve Bank (SRB) has warned that crypto assets and stablecoins, due to a lack of comprehensive regulation, have become a new risk threatening the country's financial sector. In its semi-annual Financial Stability Assessment, the SRB noted that the digital and cross-border nature of cryptocurrencies allows them to circumvent existing foreign exchange control laws, while digital assets are not yet subject to regulation. Herco Steyn, the SRB's chief macroprudential expert, stated that the risk stems from an "incomplete regulatory framework." He anticipates progress next year but warned that if progress stalls, "regulation will be inadequate." Currently, the South African Reserve Bank (SRB) is working with the Treasury to develop new regulations to oversee cross-border cryptocurrency trading and amend foreign exchange control laws to include digital assets. The SRB emphasizes that as cryptocurrency adoption increases, the domestic regulatory framework needs to be continuously adjusted to reflect market developments and risks. Data shows that the South African cryptocurrency industry is dominated by three major platforms: Luno, VALR, and Ovex. As of July, they had nearly 7.8 million registered users; and total assets reached 25.3 billion rand as of December 2024. Bolivia plans to incorporate stablecoins into its financial system. According to Solid Intel, Bolivia's Minister of Economy has announced plans to integrate stablecoins into the country's formal financial system. Local News The People's Bank of China and the Central Bank of the United Arab Emirates launched a payment interconnection and JISR multilateral digital currency bridge project. Pan Gongsheng, Governor of the People's Bank of China, together with UAE Vice President Mansour and Central Bank Governor Khaled, recently attended the launch ceremony of the China-UAE Payment Cooperation Project. The two sides signed a Memorandum of Understanding on cross-border payment interconnection, announced the interconnection of their respective fast payment systems to support rapid online cross-border remittances for businesses and individuals, witnessed the first transaction using the UnionPay-Jaywan dual-branded card, and officially launched the UAE Multilateral Digital Currency Bridge (JISR) project to promote bilateral financial cooperation and improve the efficiency of cross-border payments. Project progress Sign launches a sovereign nation Layer 2 solution based on the BNB Chain, supporting stablecoins and RWA on-chain. The Sign team has released the "SIGN Stack," a sovereign Layer 2 architecture built on BNB Chain and opBNB, designed specifically for national deployments of digital infrastructure and compliant stablecoins. This solution features customizable sequencer permissions, a DID identity system, gas-free stablecoin transfers, and the ability to put national physical assets (RWA) onto the blockchain. The goal is to establish BNB Chain as the settlement layer for global sovereign blockchain infrastructure. AI company Caesar will partner with Centrifuge to explore on-chain equity issuance. AI company Caesar announced a partnership with Centrifuge to launch an exploration of on-chain equity issuance, becoming the first AI company to try this mechanism. Mu Digital has raised $1.5 million in Pre-Seed funding to focus on bringing high-yield credit from Asia onto the blockchain. Mu Digital has announced the completion of a $1.5 million Pre-Seed funding round, with investors including UOB Venture Management, Signum Capital, CMS Holdings, Cointelegraph Accelerator, and Echo. Mu Digital focuses on bringing real-world assets from Asia's $20 trillion credit market onto the blockchain and plans to launch its Monad mainnet on November 24th. Products include the Asia Dollar (AZND), offering yields of 6-7%, and muBOND, offering yields up to 15%. Ondo invested $25 million in Figure's YLDS stablecoin to enhance its OUGG yield strategy. According to Ondo Finance's official website, Ondo has invested $25 million in YLDS, a yield-generating stablecoin issued by Figure subsidiary FCC, as backing assets for its flagship tokenized short-term U.S. Treasury bond fund, OUSG. The fund currently has over $780 million locked in total assets, and its portfolio includes funds issued by several institutions such as BlackRock, Fidelity, Franklin, and WisdomTree. QCAD approved as Canada's first compliant Canadian dollar stablecoin. According to PR Newswire, Stablecorp announced that its QCAD Digital Trust service has received a final acknowledgment of its prospectus from the Canadian Securities and Exchange Commission (SEC). QCAD is issued in compliance with the current stablecoin regulatory framework, becoming Canada's first compliant CAD stablecoin. QCAD is held in custody by regulators with a 1:1 Canadian dollar reserve, providing near-instantaneous, low-cost cross-border and domestic transfers; the reserves will be audited regularly and publicly disclosed. Klarna plans to launch its own stablecoin on the Tempo chain in 2026. According to Solid Intel, Swedish fintech company Klarna plans to launch its own stablecoin on Tempo, a blockchain network powered by Paradigm and Stripe, in 2026. Wyoming Stablecoin Council launches tFRNT testnet tap According to an official announcement from the Wyoming Stable Token Commission, the Commission has launched the Frontier Stable Token testnet faucet. Users can connect their wallets on the official website, select eight testnets, and claim up to 1000 tFRNT every 24 hours. tFRNT has no reserve backing and is solely a testnet token simulating the mainnet contract, used for developer integration testing and for new users to experience the FRNT mechanism. Currently supported testnets include Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana. Instructions for importing these testnets can be found on their FAQ page. U.S. Bancorp, the fifth-largest bank in the United States, is testing its self-developed stablecoin on the Stellar platform. According to The Block, US Bancorp stated that it is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be based on considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, stated, "For our bank's customers, we must consider other safeguards around the 'Know Your Customer' (KYC) principle, such as the ability to reverse transactions. After further development on the Stellar platform, we found that a major advantage of the platform is its underlying operational layer's ability to freeze assets and suspend online transactions." According to data from the Federal Reserve, as of September 30, U.S. Bancorp was the fifth largest bank in the United States, with assets under management of $671 billion. Pruv Finance has raised $3 million in Pre-A funding to build a compliant and liquid on-chain RWA distribution infrastructure. Pruv Finance has completed a Pre-A round of financing of approximately $3 million, led by UOB Venture Management, with participation from Saison Capital, Taisu Ventures, Ascent, Spiral Ventures, and Royal Group. Pruv claims to be the first digital finance platform to receive approval from the Indonesian OJK regulatory sandbox, resolving the "compliance and liquidity" conflict of RWA, supporting asset lock-up without whitelists, free cross-chain transfer, and native compatibility with DeFi. Deutsche Börse will integrate a third euro stablecoin, EURAU. According to Cointelegraph, Deutsche Börse announced it will integrate EURAU, the euro stablecoin issued by AllUnity, as part of its digital asset strategy. This follows its previous support for Circle's EURC and Societe Generale's Forge division's EURCV. EURAU will initially be offered with institutional-grade custody services through its central custodian, Clearstream, with plans to eventually cover its entire service ecosystem. It is understood that EURAU is issued by an electronic money institution licensed by BaFin in Germany and is aligned with the MiCA framework. The total market capitalization of domestic stocks on the Deutsche Börse is approximately US$2.23 trillion, with 474 listed companies. KakaoBank is advancing the development of Korean Won stablecoins and on-chain settlement infrastructure. According to Decrypt, KakaoBank, the digital bank under South Korean IT giant Kakao, is accelerating the development of a technical system to support the KRW stablecoin and tokenized assets, covering smart contract execution, token standards, full nodes, and issuance management backends. Its blockchain partner, Kaia, filed trademarks for at least four Korean won-pegged stablecoins in August. Kaia Foundation Chairman Sam Seo stated that they are in communication with multiple parties regarding a proof-of-concept (POC) for the KRW stablecoin, but details are not yet disclosed due to confidentiality. Securitize has received EU approval to operate a tokenized trading and settlement system, and has selected the Avalanche blockchain. According to The Block, Securitize received EU regulatory authorization on Wednesday for its Distributed Ledger Technology (DLT) pilot program, allowing it to operate a regulated trading and settlement system. This makes it the first institution to have compliant tokenized infrastructure in both the US and the EU. The Spanish National Securities Market Commission (CNMV) has already approved its operation of the system throughout the EU. As part of its system launch plan, Securitize will deploy its European trading and settlement platform on the Avalanche blockchain, leveraging its near-real-time settlement capabilities and customizable institutional-grade architecture. The first tokenized security offering based on the new authorization is expected to take place in early 2026. Ripple's stablecoin RLUSD has been approved for use as a recognized fiat-pegged token in the Abu Dhabi Global Market. According to official sources, Ripple has announced that its USD-backed stablecoin, Ripple USD (RLUSD), has been recognized as an “approved fiat-pegged token” by the Abu Dhabi Financial Services Regulatory Authority (FSRA) and can be used within the Abu Dhabi Global Market (ADGM), an international financial center in Abu Dhabi, the capital of the United Arab Emirates (UAE). Visa partners with AquaNow to speed up settlements using stablecoins. According to Jinshi News, Visa (VN) has partnered with AquaNow to enable faster settlements by using stablecoins. Bybit and Mantle jointly launch USDT0 cross-chain stablecoin service Bybit officially announced today that it will support USDT0 deposits and withdrawals on the Mantle network, becoming one of the first mainstream exchanges to support this new cross-chain USDT standard. Users will then be able to directly deposit and withdraw USDT0 between Bybit and the Mantle network, and enjoy a limited-time zero-fee withdrawal offer. USDT0 is built on LayerZero's full-chain fungible token standard, employing a minting-burning architecture to maintain strict 1:1 support and eliminate fragmentation bridging issues. This collaboration makes Mantle the exchange-related Layer 2 network with the largest total value locked (TVL). MSX platform's 24-hour trading volume reached $1.26 billion, setting a new single-day record. As of approximately 10:00 AM on November 28th, the MSX platform's 24-hour trading volume reached $1.26 billion, setting a new single-day record. Currently, the MSX platform's cumulative RWA trading volume exceeds $13.15 billion, with over 200 RWA tokens listed and approximately 166,000 users. MSX is a decentralized digital asset trading platform focusing on US stock tokens and contract trading. It utilizes blockchain technology to achieve efficient and transparent digital asset trading and management, promoting the digitization and liquidity improvement of traditional assets. Insights Highlights Coinbase Ventures: RWA Perpetual Contracts, the Trend Towards Perpetuality for Everything As RWA regains market attention, investors are seeking new risk exposures. Perpetual contracts, as the most mature trading product in the crypto space, offer a faster and more flexible entry path compared to RWA's underlying assets. Thanks to recent improvements to the Perp DEX infrastructure, RWA perpetual contracts create risk exposure to off-chain assets. We observe that RWA perpetual contracts are evolving in two directions: First, introducing alternative assets on-chain. Since perpetual contracts do not require holding underlying assets, the market can drive the "perpetualization" of almost everything, from private equity to economic data, around virtually any asset. Second, as cryptocurrencies become increasingly intertwined with macro markets, more sophisticated traders are no longer satisfied with simply going long on crypto assets but are seeking a wider range of investment products. This has created a demand for exposure to macro assets on-chain, enabling traders to hedge or establish positions using tools such as those linked to crude oil, inflation hedging, credit spreads, and volatility. Bank for International Settlements report: Tokenized money market funds surpass $9 billion in size. According to Cryptopolitan, a recent report from the Bank for International Settlements (BIS) indicates that total assets in tokenized money market funds have surged from $770 million at the end of 2023 to nearly $9 billion, becoming a key source of collateral in the crypto ecosystem. The institution warns that while such assets offer the "flexibility of stablecoins," they also bring substantial operational and liquidity risks. The BIS identified liquidity mismatch as a major risk of tokenized money market funds. It noted that while investors can redeem their tokenized fund units daily, the underlying assets still adhere to the traditional T+1 settlement mechanism. During periods of market stress, concentrated redemption demand will expose this structural risk. The organization further pointed out that the market is still in its early stages, and solutions are constantly being refined, such as the Distributed Ledger Repurchase (DLR) system launched by fintech company Broadridge, which enables same-day settlement of tokenized government bond transfers. Swiss gold giant MKS PAMP "returns" to re-enter the gold tokenization arena. PANews Overview: Swiss top gold refiner MKS PAMP is re-entering the gold tokenization field, leveraging its deep industry foundation (possessing a complete supply chain from refining and certification to trading, and LBMA authoritative certification). It has relaunched the DGLD token project, which had been dormant for six years due to market immaturity, through a full acquisition of the project team. This relaunch features key upgrades: shifting from a niche Bitcoin sidechain to mainstream public chains like Ethereum to improve compatibility and liquidity, focusing on serving institutional investors, and providing liquidity support for the token through its own trading department. Compared to existing tokens like PAXG and XAUT, MKS PAMP's core competitive advantages lie in its strong physical gold background, flexible redemption thresholds as low as 1 gram, and a strategy of waiving related fees during the initial relaunch phase. This makes it a powerful "traditional giant" player in the burgeoning gold RWA (Real-World Asset) sector. From Catastrophe Bonds to Fan Economy: The Bimodal Divergence of Institutional Funding and RWA's Diversified Income Landscape PANews Overview: The development of RWA (Real-World Assets) is entering a new phase driven by both "stable assets" and "innovative assets." Its scope has expanded significantly from traditional government bonds and real estate to diverse areas such as catastrophe bonds, technology equity, agriculture, and even the fan economy. This "bimodal" strategy is very clear: on one hand, it uses "low-correlation" assets like catastrophe bonds, which are unrelated to market fluctuations, as a foundation of trust to meet institutions' needs for security and defense; on the other hand, it transforms investors into consumers and dissemination nodes through fan economy assets such as K-pop concerts and short drama IPs, creating strong ecological value and viral spread effects. These two are not contradictory but are developing in parallel within the compliance framework of places like Hong Kong—stable assets build a trust moat for the entire sector, while innovative assets inject traffic and growth potential, jointly propelling RWA from simple "asset on-chaining" towards "systemic value reconstruction" that improves accessibility, liquidity, and restructures participation rules. This indicates that 2026 will be a crucial year for its transition from proof-of-concept to large-scale application. A Comprehensive Guide to Compliance of Equity Tokenization in Non-Listed Companies PANews Overview: Tokenization of equity in non-listed companies involves converting company shares into digital tokens on the blockchain. Its core value lies in significantly improving the efficiency of capital markets through technological means, providing investors with liquidity conveniences such as 24-hour trading, fragmented investment, and global access, and opening up new possibilities for companies to raise global funds, achieve automatic compliance, and reduce operating costs. However, the key to achieving all this is not technology, but compliance. Major jurisdictions around the world (such as the United States, the European Union, Singapore, and Hong Kong) generally recognize it as a security and incorporate it into their existing regulatory frameworks. Therefore, successful tokenization projects must be carefully designed in terms of legal structure (such as using SPV indirect holding or hybrid models) and properly address compliance details such as custody and shareholder register management. Ultimately, the goal is to "not evade regulation, but digitize compliance." This signifies that traditional finance and blockchain technology are moving towards deep integration, which is an important direction for the transformation of future financing methods.

Author: PANews

2025/11/28

Ripple’s RLUSD Stablecoin Supply On Ethereum Crosses $1 billion Following New Regulatory Approval

Ripple’s RLUSD Stablecoin Supply On Ethereum Crosses $1 billion Following New Regulatory Approval

TLDR RLUSD stablecoin on Ethereum exceeds $1 billion in circulating supply Regulatory approval in Abu Dhabi boosts RLUSD institutional use Ethereum now hosts over $1.02B worth of Ripple’s RLUSD stablecoin RLUSD is backed by cash and U.S. treasuries, regulated under New York charter Ripple’s RLUSD stablecoin has crossed the $1 billion supply mark on Ethereum, [...] The post Ripple’s RLUSD Stablecoin Supply On Ethereum Crosses $1 billion Following New Regulatory Approval appeared first on CoinCentral.

Author: Coincentral

2025/11/28

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