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Arthur Hayes, former BitMEX CEO, warns of a potential "vicious sell-off" in Bitcoin as Donald Trump takes office, citing unrealistic expectations for his administration's crypto policies. He doubts the establishment of a strategic Bitcoin reserve from seized assets and predicts market disappointment ahead of the 2026 midterms. Despite a low prediction accuracy of 25%, Hayes remains optimistic about Bitcoin's long-term potential, advocating for buying during market dips.
Deutsche Bank is developing an Ethereum layer 2 solution using ZKsync technology to enhance transaction efficiency and address regulatory challenges for financial institutions on public blockchains. This initiative, part of Project Dama 2 and linked to Singapore’s Project Guardian, aims to create a secure environment for banks by allowing them to customize validators and provide regulators with oversight capabilities. A minimum viable product is expected next year, pending regulatory approval.
Norwegian regulations now mandate data centers to disclose ownership and services, aiming to empower local authorities in decision-making. Meanwhile, global enforcement against digital asset fraud intensified, with the CFTC and SEC reporting record recoveries from scams, including the FTX collapse and Terraform Labs fraud. In the U.K., a proposed bill seeks to classify digital assets as property, addressing legal ambiguities, while China revises AML laws to include virtual assets, maintaining a ban on digital asset transactions.
Oasys has partnered with Animoca Brands Japan to enhance its blockchain gaming ecosystem, particularly in Greater China. As part of this collaboration, Animoca Brands Japan will become a validator on the Oasys blockchain and invest directly in the platform, leveraging its extensive network to boost blockchain gaming innovations globally. This strategic alliance aims to accelerate Web3 adoption through gaming, with both companies committed to expanding their reach and resources in the region.
Dtravel, a decentralized vacation rental platform, has secured strategic investments from Modular Capital and Escape Velocity Crypto (EV3) to enhance its global peer-to-peer ecosystem. With 9,000 hosts across 110 countries and significant year-over-year growth, Dtravel aims to empower operators by eliminating middlemen through blockchain technology. CEO Cynthia Huang expressed optimism that these partnerships will accelerate the development of a transparent and community-driven travel marketplace.
Asian stocks mostly rose ahead of the Federal Reserve's final rate decision of the year, with Japan's Nikkei 225 slipping 0.2% despite a 3.8% increase in exports. Trading in Nissan shares was suspended after a 22% surge amid merger talks with Honda, while the Hang Seng and Shanghai Composite gained 0.6% and 0.7%, respectively. The S&P 500 is on track for a nearly 27% annual gain, as strong retail sales data raises questions about the need for further rate cuts.
World stocks are mixed as markets await the Federal Reserve's rate decision. European indices opened higher, while Japan's Nikkei 225 fell 0.7%. Nissan shares surged 23.7% amid collaboration talks with Honda, while U.S. retail sales exceeded expectations, hinting at a resilient economy.
World stocks showed mixed performance ahead of the Federal Reserve's rate decision, with European markets opening higher. Nissan shares surged 23.7% amid collaboration talks with Honda, while Japan's Nikkei 225 fell 0.7% following export data. The S&P 500 is poised for a strong year, up nearly 27%, as the Fed is expected to announce a third rate cut amid persistent inflation concerns.
Asian stocks mostly rose ahead of the Federal Reserve's rate decision, with Japan's Nikkei 225 slipping 0.2% despite a 3.8% increase in exports. Nissan's shares surged 22% amid merger talks with Honda, while the Hang Seng and Shanghai Composite gained 0.6% and 0.7%, respectively. The Fed is expected to announce a rate cut, but strong economic data may lead to a pause in January.
Hong Kong is advancing its position as a crypto-friendly hub with the adoption of a new tax framework designed to combat crypto tax evasion. This initiative aims to enhance the financial integrity of the region, reinforcing its commitment to a regulated cryptocurrency environment.
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