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A summary of major market events on December 7th.
UAE-based Mashreq Capital has included bitcoin ETFs in its new multi-asset fund.
This week's top news highlights from December 8 to December 14.
China is accelerating the development of the digital yuan, and its policy stance to resolutely curb virtual currencies, including stablecoins, has become fully clear. This approach is based on a comprehensive consideration of factors such as China’s global leadership in mobile payments and the digital yuan, the sovereignty and security of the renminbi, and the stability of the monetary and financial system.
As the December FOMC meeting approaches, the market's focus has shifted from interest rate cuts to the possibility of the Federal Reserve restarting large-scale asset purchases.
He believes the industry has lost its idealism and has turned into the largest and most participated super casino in human history, and he feels disgusted for having contributed to this casino.
He believes the industry has lost its idealism, morphing into the largest and most widely participated super casino in human history, and feeling disgusted with having once contributed to this casino.
In Brief Bitcoin and altcoin ETFs witness dynamic shifts in inflows and outflows. XRP and Solana ETFs attract notable investor attention and activity. Institutions explore diversified crypto ETFs for strategic risk management.
- 05:47Philippine digital bank GoTyme launches cryptocurrency services, supporting 11 assets including BTC, ETH, and SOLChainCatcher news, according to Cointelegraph, Philippine digital bank GoTyme has launched cryptocurrency services. The bank, which has 6.5 million customers, has integrated cryptocurrency features into its banking app through a partnership with US fintech company Alpaca. Users can now purchase and store 11 types of crypto assets through the app, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Polkadot (DOT). The system supports automatic conversion from Philippine Peso to US Dollar for transactions. GoTyme CEO Nate Clarke stated that the product focuses on simplicity and reliability, designed for users who want to confidently purchase cryptocurrencies without complex technical analysis or managing multiple apps. According to reports, GoTyme was established in October 2022 as a joint venture between Singapore unicorn Tyme Group and Philippine conglomerate Gokongwei Group. The bank plans to expand into the Vietnam and Indonesia markets, currently focusing on rapid growth rather than profitability, and does not expect to optimize profitability before 2027.
- 05:12A whale deposited 6 million USDC into HyperLiquid and went long on multiple tokens.Foresight News reported, according to monitoring by Onchain Lens, a major spot-perpetual arbitrage whale deposited 6 million USDC into HyperLiquid and opened several long positions: ETH (20x leverage), SUI (10x leverage). In addition, this whale also went long on FARTCOIN (10x leverage) yesterday.
- 05:12Kaito AI founder: Maintain short-term pessimism to manage risks, embrace long-term optimism to build the futureForesight News reported that Yu Hu, founder of Kaito AI, tweeted, "A few years ago, when I first founded Kaito, the idea that blockchain could support everyday financial activities sounded like pure fantasy. Now, I conduct a large amount of business on-chain, all of which is deeply rooted in the physical real world. Always maintain short-term pessimism to manage risks and plan execution, but embrace long-term optimism to build and empower the future."