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According to Odaily, Crédit Agricole CIB, in collaboration with its asset servicing joint venture with Santander, CACEIS, is participating in an experiment as part of the European Central Bank's (ECB) wholesale Distributed Ledger Technology (DLT) settlement trial. This initiative involves simulating cross-border payments using a tokenized correspondent banking model and employing wholesale Central Bank Digital Currency (wCBDC) for interbank settlements. The ECB's trial explores three central bank currency solutions, with the French bank's DL3S being the only one offering wCBDC or on-chain cash. The experiment is set to conclude this month, marking a significant step in the exploration of digital currency solutions within the European banking sector. This initiative highlights the ongoing efforts to integrate advanced digital technologies into traditional banking systems, aiming to enhance efficiency and security in financial transactions.

According to Odaily, the New York Federal Reserve recently released a report examining the impact of digital assets on financial stability. The report concludes that, due to the limited size of the industry, the risks have been minimal so far. However, it warns that if the industry grows significantly, it could pose risks to the broader financial system. The report identifies several risks previously outlined in earlier reports, with some nuanced differences. The report highlights the significant boom and bust cycles experienced by digital assets, with various factors exacerbating price volatility. Among these factors are funding risks or the risk of runs. A range of digital asset participants, including centralized exchanges (CEX), cryptocurrency lending institutions, stablecoins, and even decentralized finance (DeFi) protocols, have faced such runs. Additionally, the industry employs high leverage, which amplifies other risks, and the crypto ecosystem is highly interconnected. The report notes that the lack of a robust and cohesive regulatory environment exacerbates these vulnerabilities, particularly because many cryptocurrency entities are based overseas or lack clear legal status, such as decentralized autonomous organizations (DAOs). While the focus of the assessment is on financial stability, the New York Fed does not extensively address the threat of stablecoins to monetary singularity. Instead, it emphasizes the interconnectedness of stablecoins within the crypto ecosystem and the mainstream economy. The report states, "They seem to not only exacerbate the instability of the digital ecosystem but also introduce systemic risks." The report suggests that if stablecoins have poor asset liquidity or longer maturities, maturity transformation could occur. It acknowledges that the asset quality of major stablecoins has improved over time. However, Tether still has 15% of its assets considered relatively risky. The ease of switching between stablecoins could amplify the risk of stablecoin runs. Decentralized stablecoins, such as DAI (now USDS), are deemed riskier because DAOs take longer to respond. Regarding interconnectedness, stablecoins are used in lending protocols, so a run on stablecoins could lead to users withdrawing loans, causing borrowing rates to spike. The report also points out that if large stablecoins suddenly liquidate a significant amount of U.S. Treasury securities, it could impact mainstream financial markets.

According to Decrypt, open interest on Dogecoin options reached an unprecedented $4 billion over the weekend, marking a new high for the popular meme coin. Data from CoinGlass revealed that on Saturday, crypto futures traders had $4.06 billion in bets on Dogecoin. However, by Monday, this figure had decreased to $3.6 billion. A significant portion of these traders are betting on a future decline in the asset's price, with $1.9 billion in short contracts awaiting expiration. Open interest refers to the total number of unsettled contracts in the market. In the derivatives markets, traders speculate on the future price movements of cryptocurrencies like Dogecoin (DOGE). Earlier this month, following Donald Trump's presidential election victory, open interest in Dogecoin approached a record $2.75 billion. The surge in bets on Saturday followed a rapid increase in the asset's price on Friday, driven by news that Tesla CEO Elon Musk plans to introduce payments on his social media platform, X (formerly Twitter). Musk has previously expressed interest in using Dogecoin for payments on the platform. Interest in Dogecoin has grown significantly this year, partly due to Musk's renewed discussions about the meme coin. He even named a government agency D.O.G.E.—the Department of Governmental Efficiency—and will lead it alongside billionaire Vivek Ramaswamy when President-elect Donald Trump assumes office in January. Musk, a vocal supporter of Donald Trump, has long favored DOGE, often causing price surges with his endorsements. Originally created as a joke, Dogecoin now commands substantial trading activity and is the seventh-largest digital asset by market capitalization. It has inspired numerous copycat coins and a thriving meme coin market, known for its volatility. Currently, Dogecoin is priced at just over $0.39, reflecting a nearly 9% decline over the past day. Despite this, the coin has surged over 185% in the past month, according to CoinGecko.

According to Foresight News, Jupiter has announced the commencement of Jupuary Vote 1, which aims to secure a 70% approval rate from the community. This voting process is designed to determine whether the community supports the addition of two new Jupuaries, each containing 700 million JUP tokens. The initiative underscores Jupiter's commitment to community involvement in decision-making processes. Should the current vote fail to achieve the required support threshold, the team plans to promptly initiate subsequent voting rounds. This iterative approach ensures that the community's voice is heard and that the necessary support milestone is eventually reached. The proposal to introduce additional Jupuaries reflects Jupiter's strategic efforts to expand its ecosystem and enhance its token distribution framework. By involving the community in this decision, Jupiter aims to foster a sense of ownership and participation among its stakeholders, thereby strengthening the overall governance structure of the platform.

According to BlockBeats, renowned economist and gold advocate Peter Schiff recently expressed his disapproval of the Trump administration's support for Bitcoin policies on social media platform X. Schiff argued that when governments choose winners and losers, they often end up backing the wrong side. He criticized the Trump administration's endorsement of Bitcoin, suggesting that Wall Street is misallocating capital into Bitcoin and related ventures that he believes are destructive to value. Schiff also responded to Senator Lummis's proposal for the Federal Reserve to sell gold reserves in order to purchase Bitcoin. He warned that if the United States were to make the significant mistake of selling gold to buy Bitcoin, individuals should consider buying gold and selling their Bitcoin holdings to the government. Furthermore, Schiff criticized MicroStrategy Executive Chairman Michael Saylor's Bitcoin investment strategy, labeling it a "Ponzi scheme." He claimed that if MicroStrategy were forced to liquidate its Bitcoin holdings, the company could potentially face collapse.

According to Cointelegraph, Swan Bitcoin has initiated legal action against the law firm Gibson, Dunn & Crutcher, which it still retains, following the firm's decision to hire a lawyer representing Tether, a stablecoin issuer and rival crypto company. The lawsuit, filed in California’s Superior Court on November 22, accuses Gibson of legal malpractice. Swan alleges that the law firm initially agreed to represent it against Tether, a former partner turned adversary, but later embraced Tether as a client, advising Swan to seek alternative legal counsel. The conflict arose when one of Gibson’s lawyers reportedly contacted Swan's CEO, Cory Klippsten, to inform him that the firm needed to find new representation. This was due to the hiring of lawyer Barry Berke, who represents Tether, creating a potential conflict of interest. Previously, with Gibson as its legal counsel, Swan had filed a lawsuit in September against a group of former employees, accusing them of stealing software code to establish a crypto-mining company named Proton Management. Swan claims that Proton persuaded Tether to sever ties with Swan in favor of supporting Proton, allegations that Proton denies. Notably, Tether is not named as a defendant in Swan’s lawsuit. On November 24, Gibson filed a motion to withdraw as Swan’s legal representatives in the case against Proton, citing a complete breakdown of the attorney-client relationship. The firm claimed that Swan had expressed intentions to never pay the legal fees owed and demanded millions of dollars to not oppose Gibson's withdrawal from the lawsuit. In response, on November 25, Swan requested a temporary restraining order from the Superior Court of California to prevent Gibson from withdrawing from the Proton case and to block the firm from representing Tether. Swan's complaint argues that Gibson is violating the 'Hot Potato' Rule in attorney ethics, which prohibits lawyers from dropping a client to avoid a conflict of interest. A hearing for the restraining order is scheduled for November 26.

According to Foresight News, Nasdaq-listed company Nature's Miracle Holding Inc. has announced the establishment of a wholly-owned subsidiary, NM Data Inc. This new entity will focus on the development and acquisition of Bitcoin mining facilities. As part of its strategic expansion into the cryptocurrency sector, NM Data Inc. has entered into an agreement with Bitcoin mining company Future Tech. The agreement involves an investment of $3 million in Future Tech. The initial investment amounts to $200,000, with an additional $2.8 million to be paid within twelve months following the initial transaction. Upon completion of this deal, NM Data Inc. will acquire a 51% stake in Future Tech, marking a significant step in Nature's Miracle Holding Inc.'s venture into the Bitcoin mining industry.

According to Decrypt, the U.S. Securities and Exchange Commission (SEC) announced that it collected a record $8.2 billion in penalties during the fiscal year 2024. This marks the highest amount in the agency's history, with over half of the total—$4.5 billion—stemming from the SEC's case against Terraform Labs and its founder, Do Kwon. Terraform Labs was responsible for the Terra blockchain ecosystem, which collapsed in May 2022 after its algorithmic stablecoin TerraUSD (UST) lost its dollar peg, leading to a $60 billion loss and significant investor fallout. Without the settlement from this case, the SEC's financial remedies would have been the lowest since 2013, at $3.72 billion. Despite a 26% decrease in enforcement actions to 583 cases, the SEC's financial recoveries increased by 65.5% compared to 2023. The agency views these enforcement actions as a victory for investor protection. However, the crypto industry is anticipating changes with the upcoming departure of SEC Chair Gary Gensler, who announced he would step down by January 20, 2025, following Donald Trump's re-election. Trump has promised a more crypto-friendly SEC leadership, criticizing Gensler's tenure as an "anti-crypto crusade." Ripple Labs’ Chief Legal Officer, Stuart Alderoty, criticized the SEC's announcement, comparing it to a professor boasting about high failure rates and cheating scandals, suggesting it reflects poor oversight rather than success. Under Gensler's leadership, the SEC has targeted several high-profile crypto firms. Silvergate Bank was fined $90 million for misleading investors about its anti-money laundering practices, while Barnbridge DAO faced a $7 million penalty for selling unregistered securities. Additionally, NovaTech Ltd. was charged with operating a $650 million Ponzi scheme affecting over 200,000 investors globally. Smaller scams, including pre-IPO frauds and pyramid schemes like HyperFund, contributed to hundreds of millions in fines and penalties.

According to Cointelegraph, Jiva Technologies, a wellness and plant-based e-commerce company, has decided to incorporate Bitcoin into its treasury strategy. The board of directors has approved an investment of up to $1 million in Bitcoin. CEO Lorne Rapkin expressed confidence in Bitcoin's growing acceptance as a trusted asset class, viewing it as a strategic move to enhance the company's financial resilience. Rapkin emphasized Bitcoin's scarcity and finite supply as key factors that position it as a modern hedge against inflation and a safe haven during economic uncertainty. He also noted the potential for favorable regulatory developments and increased institutional adoption, citing the significant inflows into Bitcoin exchange-traded funds, which have surpassed $30 billion since their inception. This trend, according to Rapkin, underscores Bitcoin's value proposition and makes it an attractive asset for corporate treasuries seeking inflation-resistant stores of value. Jiva Technologies, headquartered in Canada, focuses on building online wellness communities and creating immersive physical environments. The company, formerly known as PlantX Life, rebranded in early November and operates Bloombox Club, an online plant delivery marketplace serving the United States, UK, and Europe. On November 11, Jiva announced a joint venture with Kale Coin (KALE), an Ethereum-based cryptocurrency tailored for the wellness industry. Following this announcement, Jiva's stock surged by 36.4% to $0.33, as reported by Google Finance. The firm joins a growing list of companies integrating Bitcoin into their corporate treasury strategies. In a similar move, Rumble, a YouTube alternative video-sharing platform, revealed plans to add Bitcoin to its balance sheet. The board approved the strategy, allocating up to $20 million of the company's excess cash reserves to Bitcoin. Additionally, on November 20, biopharmaceutical company Hoth Therapeutics allocated up to $1 million to Bitcoin, citing its inflation-resistant characteristics and potential as a store of value. Furthermore, on November 18, artificial intelligence firm Genius Group purchased 110 BTC for $10 million for its treasury reserve. These developments reflect a broader trend of companies adopting Bitcoin as a strategic financial asset.

According to Odaily, data from the RWA monitoring platform RWA.xyz reveals that as of November 25, the market size for tokenized U.S. Treasury securities has reached $2.5 billion. This significant milestone highlights the growing interest and investment in tokenized financial instruments, which are increasingly being adopted by investors seeking to leverage blockchain technology for traditional asset classes. In addition to the burgeoning market for tokenized U.S. Treasuries, the on-chain value of Real World Asset (RWA) assets has exceeded $13 billion, currently standing at $13.4 billion. This substantial figure underscores the expanding role of blockchain in facilitating the digitization and tokenization of real-world assets, offering enhanced liquidity, transparency, and accessibility to a broader range of investors. The rise in tokenized assets reflects a broader trend in the financial industry towards embracing digital transformation and innovation. As blockchain technology continues to mature, it is expected to further revolutionize the way traditional assets are managed and traded, providing new opportunities for both institutional and retail investors. The increasing adoption of tokenized assets also points to a shift in how financial markets operate, with blockchain offering a more efficient and secure infrastructure for asset management and transactions.

According to Odaily, a recent revelation by Halfina Eddy-Evans, the former girlfriend of IT engineer James Howells from Newport, Wales, has shed light on the circumstances surrounding the disposal of a hard drive containing 8,000 bitcoins. Eddy-Evans disclosed that in 2013, she discarded the hard drive at Howells' request, as he asked her to get rid of unwanted items, including the hard drive. She stated, "It wasn't my fault for throwing it away." At the time of disposal, the value of bitcoin was less than $1, but today, those bitcoins are worth over $716 million. Previously, it was reported that James Howells is suing the Newport City Council in the UK for damages amounting to £495 million (approximately $647 million) after accidentally discarding the hard drive containing the bitcoins. Howells has made several attempts to retrieve the hard drive from a local landfill, but his efforts have been thwarted by the city council, which has repeatedly denied his requests to excavate the site. The incident occurred during a household cleanup in 2013, and the value of the bitcoins now approaches £500 million.

According to Odaily, Bloomberg ETF analyst James Seyffart has outlined a potential timeline for the approval of ETFs for altcoins such as SOL, XRP, LTC, and HBAR. As discussions around U.S. regulations continue, Seyffart anticipates that decisions regarding these altcoin ETFs could extend into late 2025, contingent on various factors. Seyffart notes that the current environment for altcoin ETFs remains somewhat unclear due to previous decisions made by the U.S. Securities and Exchange Commission (SEC). Bitcoin and Ethereum ETFs have been approved primarily because of their connection to the CME-regulated futures market. However, many altcoins, including SOL and XRP, lack a regulated futures market, which could slow down the approval process for their ETFs. He stated, "Without a significant regulated market, the SEC has historically rejected altcoin ETF applications." Seyffart also mentioned that new SEC leadership in 2025 might alter these guidelines, but the timeline for approval remains uncertain. Seyffart further highlighted that despite recent applications for an XRP ETF by companies like WisdomTree and 21Shares, current regulations do not permit their listing. Issues that need to be addressed before such products can be listed include market manipulation, custody, and compliance concerns.

According to Foresight News, Ripple's Chief Legal Officer, Stuart Alderoty, has criticized the U.S. Securities and Exchange Commission (SEC) for boasting about its record fines. Alderoty compared the SEC's pride in these penalties to a professor bragging about having the highest failure rate and most cheating scandals in their class. He argued that such metrics do not indicate success but rather highlight significant regulatory failures driven by improper incentives. The SEC reported that it initiated 583 enforcement actions in the fiscal year 2024, securing financial remedies totaling $8.2 billion, marking the highest amount in the agency's history. Alderoty's comments reflect ongoing tensions between Ripple and the SEC, as the regulatory body continues to enforce strict measures within the financial sector. The debate underscores broader concerns about the effectiveness and motivations behind regulatory actions, with critics like Alderoty questioning whether the focus on penalties truly serves the public interest or merely reflects a flawed regulatory approach.

According to PANews, Custodia Bank, a Wyoming-based financial institution providing banking services to cryptocurrency companies, has announced a strategic decision to scale back its operations. This decision was made following a board vote last week, in response to significant reforms in cryptocurrency policies by the new administration in Washington, D.C. Custodia Bank emphasized that by taking this step ahead of anticipated shifts in U.S. crypto policy, it has managed to retain its banking charter, API-based real-time payments, Bitcoin custody platform, a patent for bank-issued stablecoins, and its compliance and operational records. Caitlin Long, the founder and CEO of Custodia Bank, expressed her satisfaction with the resilience and dedication of the Custodia team, highlighting their efforts in building services for clients despite facing repeated withdrawals of banking services. In related developments, it has been reported that oral arguments in Custodia's lawsuit against the Federal Reserve are scheduled for January 21, 2025. This legal action underscores the ongoing challenges and regulatory hurdles faced by cryptocurrency-focused financial institutions in the evolving landscape of U.S. financial regulations.

According to Odaily, recent data from Farside Investors indicates that Invesco BTCO witnessed a substantial net outflow of $10.9 million yesterday. This development highlights a notable shift in investor sentiment, reflecting broader market trends and potential impacts on the financial landscape. The outflow from Invesco BTCO underscores the dynamic nature of investment patterns, as investors reassess their portfolios in response to evolving market conditions. Such movements are often influenced by a variety of factors, including economic indicators, geopolitical events, and changes in regulatory environments. The significant withdrawal of funds could signal a cautious approach by investors, possibly driven by uncertainties or strategic reallocations. This trend is part of a larger narrative within the financial sector, where asset managers and investors continuously adapt to the changing economic climate. The implications of such outflows can be far-reaching, affecting not only the specific fund but also the broader market dynamics. As stakeholders navigate these shifts, the focus remains on balancing risk and opportunity in an ever-evolving financial ecosystem.

According to PANews, South Korea's National Assembly's Strategy and Finance Committee has decided to cancel the plenary meeting initially scheduled for November 26. This decision is significant as the committee was set to discuss the agenda on cryptocurrency taxation. The tax subcommittee had already postponed discussions on the crypto tax on November 25 due to a chaotic situation. A committee official explained that the cancellation of the plenary meeting was due to disagreements between political parties. The main opposition party, the Democratic Party of Korea (DPK), supports the implementation of the planned crypto tax, while the ruling People Power Party is advocating for a two-year delay. The official also mentioned that other unresolved issues, such as inheritance tax, contributed to the decision to cancel the meeting.

According to Odaily, ARK Invest has recently expanded its investment portfolio by acquiring an additional 850,000 shares of the 3iQ Ether Staking ETF (ETHQ.U). This acquisition, which took place on November 25, is valued at approximately $11.7 million. This strategic move by ARK Invest highlights its continued interest in the cryptocurrency sector, particularly in Ethereum-related assets. The 3iQ Ether Staking ETF is designed to provide investors with exposure to Ether staking, a process that involves participating in the Ethereum network's proof-of-stake consensus mechanism to earn rewards. By increasing its stake in this ETF, ARK Invest is positioning itself to benefit from the potential growth and rewards associated with Ethereum staking. The decision to bolster its holdings in the 3iQ Ether Staking ETF reflects ARK Invest's confidence in the long-term prospects of Ethereum and its staking mechanism. As the cryptocurrency market continues to evolve, institutional investors like ARK Invest are increasingly looking for opportunities to diversify their portfolios and capitalize on emerging trends within the digital asset space. This move underscores the growing interest and investment in Ethereum as it transitions to a proof-of-stake model, which is expected to enhance the network's scalability and sustainability.

According to BlockBeats, data from the Bloomberg Terminal on November 26 revealed that Fidelity's FBTC fund experienced a net outflow of $135.2 million the previous day. This substantial withdrawal marks a notable movement in the fund's financial activities, reflecting investor sentiment and market dynamics. The outflow from Fidelity's FBTC fund is significant, considering the broader context of the financial markets. Such movements can be indicative of changing investor strategies or reactions to market conditions. The reasons behind this large withdrawal could be varied, including shifts in market confidence, adjustments in portfolio allocations, or responses to economic indicators. This development comes amid a period of heightened attention on financial markets, where investors are closely monitoring economic trends and potential impacts on their investments. The outflow could also suggest a reevaluation of investment strategies by fund participants, possibly in response to recent market fluctuations or forecasts. As the financial landscape continues to evolve, such movements are critical indicators of investor behavior and market sentiment.

According to Odaily, Bitwise Chief Investment Officer Matt Hougan recently shared insights on X, emphasizing the significance of corporate acquisitions of Bitcoin. Hougan pointed out that many people underestimate the impact of these purchases, largely because they overlook the limited supply of Bitcoin. He noted that companies currently hold approximately 900,000 Bitcoins, underscoring the substantial influence these corporate holdings have on the market. Hougan's remarks highlight a critical aspect of the cryptocurrency landscape: the scarcity of Bitcoin. With a finite supply, the accumulation of Bitcoin by corporations can have profound implications for its value and market dynamics. As more companies recognize the potential of Bitcoin as a strategic asset, their collective holdings could play a pivotal role in shaping the future of the cryptocurrency market. This trend reflects a growing acknowledgment of Bitcoin's potential as a store of value and a hedge against traditional financial uncertainties.

According to Odaily, a recent statement by SlowMist's Cosine on X revealed that during the early hours, starting around 3 AM, various tokens associated with a DEXX attacker were massively converted into SOL on a Solana address. As of now, these SOL tokens have not been transferred further.