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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
GoTyme Bank Launches Bitcoin and Crypto Access for Philippine Users

GoTyme Bank Launches Bitcoin and Crypto Access for Philippine Users

The post GoTyme Bank Launches Bitcoin and Crypto Access for Philippine Users appeared on BitcoinEthereumNews.com. GoTyme crypto services allow Philippines residents to buy and store 11 digital assets like Bitcoin, Ethereum, and Solana directly in the bank’s app through a partnership with US fintech Alpaca. This integration converts Philippine pesos to USD for seamless access, focusing on simplicity for over 6.5 million users. GoTyme partners with Alpaca for secure crypto buying and storage in-app. Users access 11 cryptocurrencies including BTC, ETH, and SOL with easy peso-to-USD conversion. The Philippines ranks ninth in Chainalysis’ 2025 Global Crypto Adoption Index, highlighting strong regional interest with potential government BTC reserves. Discover GoTyme crypto services: Buy BTC, ETH, SOL & more in the Philippines app. Secure, simple access for 6.5M users via Alpaca partnership. Start investing today! What is GoTyme Crypto? GoTyme crypto refers to the new digital asset services launched by the Philippines-based digital bank GoTyme, enabling users to purchase and hold cryptocurrencies directly within its mobile banking app. This feature, introduced through a collaboration with US fintech firm Alpaca, supports 11 popular assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Polkadot (DOT). The service emphasizes user-friendly integration, allowing quick conversions from Philippine pesos to USD for secure transactions, making crypto accessible without needing separate exchanges or complex setups. Process of buying crypto in the app. Source: GoTyme GoTyme, which launched in October 2022, has rapidly grown to serve over 6.5 million customers in the Philippines, as reported by Nikkei Asia in September 2025. Formed through a partnership between Singapore-based Tyme Group and the Filipino Gokongwei Group, the bank prioritizes speed and convenience—users can open an account and get a debit card in just five minutes. This foundation now extends to GoTyme crypto, aligning with the bank’s mission to simplify financial services in a market ripe for digital innovation. The integration with Alpaca ensures robust security,…

Author: BitcoinEthereumNews

2025/12/08

Customized Blinds Bring Style Comfort and Personality to Every Home Space Today

Customized Blinds Bring Style Comfort and Personality to Every Home Space Today

Customized blinds are a simple yet powerful way to show your personal taste and enhance your home décor. They let you choose colors, fabrics, and finishes that match your style. When you pick blinds that fit your personality, your home feels warmer and more welcoming. Many homeowners in Blinds Mornington choose custom designs because they […] The post Customized Blinds Bring Style Comfort and Personality to Every Home Space Today appeared first on TechBullion.

Author: Techbullion

2025/12/08

Binance’s FSRA License Forces 3-Pillar Regulatory Structure

Binance’s FSRA License Forces 3-Pillar Regulatory Structure

The post Binance’s FSRA License Forces 3-Pillar Regulatory Structure appeared on BitcoinEthereumNews.com. Binance has become the first global crypto exchange to secure a comprehensive suite of licenses from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), placing its entire global platform under full regulatory supervision. The approval, announced on December 8, 2025, covers exchange, clearing, and custody, as well as broker-dealer activities, aligning Binance’s structure with traditional financial market oversight. Sponsored Binance Secures Landmark FSRA License, Splits Operations Under ADGM Oversight The milestone marks a major shift in how large crypto platforms integrate with institutional regulation. Binance plans to begin regulated operations under ADGM on January 5, 2026. Major milestone 🏁#Binance is the first-ever digital assets trading platform to secure a full suite of licenses from FSRA under @ADGlobalMarket. This marks a breakthrough moment that raises global standards for regulation, security, and trust. It reflects our commitment to… pic.twitter.com/ItRofJoAOC — Binance (@binance) December 8, 2025 With more than 300 million users globally and over $125 trillion in cumulative trading volume, the move positions Binance as one of the most tightly supervised digital asset platforms in the world. Under the FSRA approval, Binance will operate through three distinct regulated entities: Nest Services Limited: (Soon to be renamed Nest Exchange Limited) will serve as the Recognised Investment Exchange handling spot and derivatives trading. Nest Clearing and Custody Limited: Has been approved as a Recognized Clearing House to oversee clearing, settlement, and custody. BCI Limited: (Soon to be Nest Trading Limited) will operate as a broker-dealer handling off-exchange activities such as OTC trading and conversions. This separation mirrors TradFi market infrastructure. It addresses long-standing concerns around concentration risk, transparency, and conflicts of interest in crypto markets. Sponsored By structurally separating trading, custody, and brokerage, the ADGM framework introduces clear accountability and strengthens consumer protection. Binance Co-CEO Richard Teng described the approval…

Author: BitcoinEthereumNews

2025/12/08

FairMoney to support Nigeria’s $1 trillion GDP goal with new product offerings

FairMoney to support Nigeria’s $1 trillion GDP goal with new product offerings

FairMoney Microfinance Bank, a rapidly growing digital financial services provider in the Nigerian fintech space, is spearheading a…

Author: Technext

2025/12/08

Base–solana Bridge Launches, But Ecosystem Response Remains Mixed

Base–solana Bridge Launches, But Ecosystem Response Remains Mixed

The post Base–solana Bridge Launches, But Ecosystem Response Remains Mixed appeared on BitcoinEthereumNews.com. Base has opened a new door. The Base–Solana bridge is now live, giving Solana assets a direct route into the Base ecosystem. On paper, it unlocks two-way capital flow. On-chain, though, the early numbers remain small. So far, the bridge has processed only around 60 transactions. That’s not the launch many expected. But it reveals something deeper: interest between the ecosystems isn’t perfectly aligned. A Bridge With Potential , But Little Traction The Base–Solana bridge does something valuable. It lets SOL and SPL tokens move into Base. It lets Solana liquidity enter Base’s trading, lending, and LP pools. In theory, this is a major expansion for both chains. Base describes the bridge as simple and secure. It’s backed by Chainlink CCIP and supported by Coinbase, giving it a strong trust framework. It’s designed to route Solana-native assets directly into Base applications with minimal friction. Builders can now support SOL inside Base-native apps. Communities from both sides can tap into unified liquidity pools. Yet despite all this, only about 60 transactions have occurred since launch. The message is clear: infrastructure alone doesn’t create movement. Adoption comes from demand. And right now, that demand is still forming. Jesse Pollak: “We’re Reaching Out , But Not Everyone Is Interested” Jesse Pollak, Head of Base, says the team has spent weeks talking to Solana ecosystem projects. They want Solana developers to integrate the bridge and onboard their assets. But the response is mixed. Some projects are excited. Others appear uninterested. This is the tension many multi-chain bridges face. Technical capability doesn’t guarantee alignment. Ecosystems don’t merge just because liquidity can. Developers move when there’s value for their users , not just because another chain wants them to. Pollak is optimistic. He believes the bridge creates the conditions for cross-chain activity. But the early reaction…

Author: BitcoinEthereumNews

2025/12/08

Gate Ventures Vision 2026: Five Cutting-Edge Forces Reshaping the Global Landscape of Value, Computing Power, and Intelligence Flow

Gate Ventures Vision 2026: Five Cutting-Edge Forces Reshaping the Global Landscape of Value, Computing Power, and Intelligence Flow

Gate Ventures' latest 2026 outlook identifies five emerging frontiers that are rapidly reshaping the industry landscape and leading the next phase of Web3 development. First, on-chain market "real-time information aggregation layers" are rapidly emerging, becoming core intelligence infrastructure integrating fragmented data and liquidity. Second, decentralized payment and foreign exchange settlement networks are replacing traditional neobanks, enabling cross-border, real-time, and borderless value settlement. Third, with the accelerated proliferation of autonomous robots, "machine-native" financial systems are taking shape, enabling robots to collaborate and trade on-chain. Fourth, institutional DeFi is moving towards an integrated "meta-yield" platform, building a unified yield and risk engine by integrating diverse on-chain yield sources. Fifth, the crypto mining industry is transforming into a provider of distributed computing power and energy infrastructure for the AI era, becoming a crucial component of high-performance computing and energy networks. Gate Ventures states that these trends collectively indicate a structural transformation in global value flows, computing power scheduling, and intelligent system collaboration, while also demonstrating that more and more crypto and ecosystem companies are accelerating their move into public capital markets to expand pre-IPO investment channels. The crypto industry will reach a significant turning point in 2026: after more than a decade of infrastructure development, Web3 is deeply intersecting with the world's fastest-growing industrial sectors. The coming year will be driven by entirely new demand, not minor improvements: on-chain real-time information aggregators will become the intelligent foundation of the crypto market; borderless payments and FX networks will replace older fintech infrastructure; autonomous robots will collaborate and trade on-chain through machine-native financial systems; institutional-grade DeFi will integrate into a unified risk and return engine; and miners will evolve into globally distributed AI computing power and energy providers. Gate Ventures looks forward to connecting with more outstanding teams for projects that are deeply involved in the aforementioned areas. Relevant teams can contact Gate Ventures through the X platform @gate_ventures, or send project proposals to [email protected]. 1. Real-time information aggregation layer of on-chain market A new type of on-chain "information aggregator" is becoming one of the most critical foundational layers of Web3. With the surge in on-chain activity, prediction markets, governance data, social dynamics, transaction flows, and AI signals are constantly being generated on platforms such as Polymarket, Hyperliquid, Kalshi, and Hedgehog, and across multiple chains. The question is no longer whether there is data, but how to understand it. Each platform generates its own set of probabilities, incentives, and narratives, but this information is not aligned and cannot form a unified view. The next key breakthrough will come from infrastructure capable of integrating these signals and transforming them into a clear and consistent panorama. These aggregators are capable of much more than just presenting charts. They can ingest fragmented event data, standardize probabilities and sentiment from different sources, merge on-chain telemetry data with social context, and transform scattered activity into clear insights that traders, institutions, DAOs, enterprises, and automated systems can directly use. This transformation is similar to Bloomberg's role in traditional markets, organizing chaotic information into truly actionable intelligence. This has become increasingly important with the rise of AI agents. Intelligent agents need clean, structured, real-time data to manage risk, allocate liquidity, respond to events, and execute strategies without human supervision. As autonomous systems begin to enter the market, the need for "integrated intelligent information flows"—a capability that simplifies the entire information landscape—will become inevitable. By 2026, the most competitive platforms in this field will be those infrastructures capable of massively integrating decentralized information and providing rapid and interpretable intelligence. In an era of overwhelming noise, the ability to unify and interpret various signals will be the most critical advantage and one of the most undervalued opportunities in the Web3 space. 2. New types of banks, borderless payment infrastructure, and on-chain foreign exchange settlement While neobanks have improved the user experience, they remain constrained by traditional financial infrastructure such as ACH, SWIFT, card networks, correspondent banking systems, and custodial payment service providers (PSPs). These systems are essentially designed for human users and office hours, not for machines, global commerce, or real-time settlements. In contrast, blockchain networks now enable borderless, 24/7 value transfers globally. Stablecoins are becoming global settlement assets, while decentralized liquidity layers and smart contract routers provide continuously programmable foreign exchange conversions between currencies such as USDC, EURC, and JPY-denominated stablecoins. This opens the door to a completely new financial architecture, allowing payments and foreign exchange to flow as freely as data. Businesses can automate cross-border payroll, invoicing, treasury management, and hedging operations; merchants can price in one currency but settle in another instantly; machines can complete transactions autonomously without bank accounts. As an open, permissionless system, this type of network is becoming a universal settlement layer connecting real-world commerce with the on-chain economy—not a replica of a new type of bank, but a payment and foreign exchange infrastructure that traditional fintech can never provide. 3. Robotic infrastructure and machine-native financial networks The Web2 era of AI and robotics is rapidly evolving, with companies like 1X, Figure, Skild, and Unitree making significant progress, and investment in Physical AI continuing to grow. As robots transition from scripted machines to embodied autonomous agents, a critical gap is emerging: different manufacturers and models cannot communicate or collaborate through a unified, neutral layer. This has created a demand for an open, cross-device operating layer, which is precisely what Web3 can provide. On-chain identity (DID) enables robots to self-identify without vendor dependence; smart contract registries allow them to publish their functions, status, and telemetry data; and immutable logs provide verifiable accountability for robot behavior. Smart contracts can also coordinate tasks and workflows across multi-vendor robot clusters, providing an interoperability foundation lacking in current traditional robot software stacks. Autonomous robots require a machine-native financial system to pay for electricity, data, computing power, and services, but the traditional financial system is completely ineffective for them: robots cannot open accounts, pass KYC (Know Your Customer) checks, or use human-centric payment networks. Web3 empowers robots with direct economic capabilities, enabling autonomous settlement without intermediaries through wallets, signatures, and global micropayments. Blockchain provides instant, low-cost settlement capabilities, while standards like x402 allow agents to automatically pay access or service fees. Smart contracts further provide escrow, conditional payments, insurance, and credit systems, constructing a programmable, borderless financial layer designed specifically for machine-to-machine transactions. In this system, cryptocurrency is no longer an add-on but the only viable settlement infrastructure supporting the autonomous robot ecosystem. 4. The Rise of Institutional-Grade DeFi and Meta-Yield Platforms The new generation of platforms integrates perpetual contracts with the lending market and strategy vaults, allowing collateral to generate continuous returns while supporting leveraged positions; and the shared margin system that runs through spot, perpetual and options markets gradually transforms these platforms into 24/7 multi-asset prime brokers. However, at the underlying structure, on-chain returns remain dispersed across various sources, including: staking and restaking rewards, perpetual contract funding fees and basis, MEV and order flow returns, market-making fees and impermanent loss, stablecoin and FX basis, RWA and off-chain net asset value differences, and liquidity premiums in prediction markets and InfoFi markets. The key opportunity in 2026 lies in treating these return sources as composable "return atoms" and encapsulating them into meta-return products. Aggregation strategies can integrate market structure returns (funding fees, basis, MEV, FX spreads), layering hedging and arbitrage on top of basic returns, and using prediction markets and AI agents as dynamic configuration signals. Ultimately, this transforms fragmented returns into structured, transparent on-chain fixed-income products, upgrading CeDeFi platforms from single trading venues into complete return and risk engines. 5. Crypto miners act as distributed AI computing power and energy providers. With the rapid development of AI, its energy demand is surging, while existing power supply capacity is struggling to keep up. According to the International Energy Agency (IEA), global data center power consumption is projected to more than double from 415 TWh in 2024 to 945 TWh in 2030, accounting for 2.5%–3% of total global electricity consumption. However, new power supply is often constrained by complex grid connection procedures, stringent site selection requirements, and lengthy construction and approval cycles. The imbalance between energy supply and computing power demand has become a new pain point in the AI era. Against this backdrop, crypto mining companies with abundant energy reserves and efficient electricity cost models accumulated over the past decade are becoming increasingly attractive. These miners typically hold existing power supply licenses, have signed long-term, low-cost power contracts, and possess mature infrastructure including substations, cooling systems, and emergency response mechanisms. Furthermore, switching equipment from cryptocurrency mining to handling AI computing loads is technically relatively simple. Therefore, in 2025, the stock prices of several major mining companies, including IREN Limited, Core Scientific, and Hut 8, reached new highs after strategically expanding into high-performance computing (HPC) and AI cloud services. It's worth noting that most of these mining operations are located in North America. Mining companies located in the Asia-Pacific, Central Asia, the Middle East, and other parts of the world, undergoing similar transformations, still possess considerable growth potential and room for valuation appreciation. These five cutting-edge themes—real-time information aggregators driving on-chain markets, borderless payment and foreign exchange infrastructure, machine-native bot networks, institutional-grade meta-revenue systems, and crypto miners transforming into AI computing providers—collectively outline the path for Web3 to evolve into a "general coordination and computing layer" in the AI-driven economy. Meanwhile, an increasing number of ecosystem companies are achieving substantial revenue and maturing in regulatory compliance, enabling them to access public capital markets through IPOs, De-SPACs, and mergers and acquisitions. As the industry moves into 2026, the true leaders will be the teams building products at key intersections where blockchain demonstrates structural advantages in liquidity, computing power, collaboration, and settlement. With these forces converging, Gate Ventures believes the coming year could be one of the most transformative in crypto history, unlocking a new generation of investable opportunities for entrepreneurs, institutions, and users worldwide. About Gate Ventures Gate Ventures is the venture capital arm of Gate.com, focusing on decentralized infrastructure, middleware, and applications, and dedicated to driving global innovation and transformation in the Web 3.0 era. Gate Ventures works closely with global industry leaders to support teams and startups with innovative visions and technological capabilities, helping them reshape the way we interact with society and finance in the future. Website | Twitter | Medium | LinkedIn Disclaimer: This content does not constitute an offer, solicitation, or investment advice of any kind. You should seek independent professional advice before making any investment decisions. Please note that Gate Ventures may restrict or prohibit users in certain regions from using some or all of the services. Please refer to its applicable user agreement for details.

Author: PANews

2025/12/08

Peter Schiff Challenges Trump to Economics Debate After Being Called a 'Loser'

Peter Schiff Challenges Trump to Economics Debate After Being Called a 'Loser'

Prominent gold advocate and Bitcoin critic Peter Schiff has issued a public challenge to former President Donald Trump for a debate on economics, following Trump's recent jab labeling him a "loser." This escalating feud highlights the ongoing clash between traditional finance proponents and crypto enthusiasts, potentially drawing attention to Bitcoin's role in economic policy.

Author: MEXC NEWS

2025/12/08

Global Crypto Regulations Diverge: Asia Tightens Grip as Europe Advances Adoption

Global Crypto Regulations Diverge: Asia Tightens Grip as Europe Advances Adoption

The post Global Crypto Regulations Diverge: Asia Tightens Grip as Europe Advances Adoption appeared on BitcoinEthereumNews.com. Global crypto regulation shows stark divergence in 2025, with Asia imposing stricter controls like South Korea’s tight oversight, while Europe accelerates adoption through banking integrations and MiCA compliance. This split influences investor access and market growth worldwide. South Korea’s new rules mandate virtual asset service providers to form subsidiaries and secure licenses by September 2025. European banks like Spain’s BBVA and Santander enable retail crypto trading and custody for seamless user access. Poland’s stalled crypto bill creates a regulatory gap, delaying alignment with EU’s MiCA framework amid rising competition from fintechs. Discover the 2025 global crypto regulation divergence shaping digital asset markets. Asia tightens grips as Europe innovates—stay ahead with insights on banking shifts and policy impacts. Explore now for investment strategies. What is the Divergence in Global Crypto Regulation? Global crypto regulation divergence refers to the contrasting approaches nations take toward digital assets, creating a patchwork of policies that affect market access and innovation. In 2025, Asian countries like South Korea enforce rigorous compliance measures, requiring licensed operations and investor protections, while European counterparts embrace integration through established financial institutions. This split highlights how regulatory environments are influencing the pace of cryptocurrency adoption and the strategies of banks and users alike. How Are European Banks Adapting to Crypto Trends? European banks are leading the charge in crypto integration by offering custody and trading services to retail clients, driven by competitive pressures from fintech disruptors. Spain’s BBVA and Santander have fully launched platforms allowing users to buy, sell, and store digital assets with transparent fees and secure setups. For instance, France’s BPCE group, through its Hexarq platform, provides straightforward accounts for crypto management, handling custody to ensure compliance with EU standards. This innovation aims to retain customer loyalty as millions shift toward digital finance. According to reports from financial analysts…

Author: BitcoinEthereumNews

2025/12/08

Mobile-first approach: The path for banks as Crypto products

Mobile-first approach: The path for banks as Crypto products

Author: Zuo Ye In the West, finance is a means of social mobilization, and it can only be effective when the "state-society" is separated or even opposed. However, in large Eastern countries where the state and family are structurally similar, social mobilization relies on water conservancy projects and governance capabilities. We'll begin here by recounting the phenomenon I've observed: after a decade of hasty Ethereum + dApp narratives, DeFi has shifted its focus to the Apple Store's Consumer DeFi mobile app competition. Compared to exchanges and wallets that were listed on major app stores early on, DeFi, which has always been based on web platforms, arrived very late. Compared to virtual wallets and digital banks that target niche markets of low-income and credit-poor individuals, DeFi, which cannot solve the credit system problem, arrived too early. Amid this dilemma, there is even a narrative of human society transitioning from monetary banking to fiscal monetary policy. The Ministry of Finance regains control of the currency. The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. Consumer-grade DeFi takes Aave and Coinbase's built-in Morpho as its entry point, directly targeting end users. However, our story must begin with the issuance process of modern currencies to complete the background of DeFi Apps surpassing DeFi dApps. Gold and silver are not naturally currency. When humans need to exchange on a large scale, commodities emerge as a general equivalent. Due to their various characteristics, gold and silver were eventually accepted by the entire human society. Throughout human societies before the Industrial Revolution, regardless of political system or level of development, metal coinage was the mainstream, and the monetary system was essentially managed by the finance department. The "central bank-bank" system we are familiar with is actually a very recent story. In the early days, developed countries generally followed the process of establishing a central bank to handle banking crises when necessary, including the Federal Reserve, which we are most familiar with. Throughout this historical process, the finance department, as an administrative branch, has been in an awkward position of diminishing power. However, the "central bank-bank" system is not without its flaws. In the central bank's management of banks, banks rely on the interest rate spread between deposits and loans to earn profits, while the central bank influences banks through the reserve requirement ratio. Image caption: The role of the interest rate spread and the reserve requirement ratio. Image source: @zuoyeweb3 Of course, this is a simplified and outdated version. The simplification omits the process of the money multiplier. Banks do not need to have 100% reserves to issue loans, hence the leverage effect. The central bank will not force banks to have full reserves; instead, it needs to use leverage to adjust the money supply of the entire society. The only ones who suffer are the users. Deposits outside of reserves lack a rigid guarantee of redemption. When neither the central bank nor the banks are willing to pay the price, the users become the necessary cost of money supply and withdrawal. Outdated means that banks no longer fully accept the central bank's command. The most typical example is Japan after the Plaza Accord, which effectively launched QE/QQE (officially known as quantitative easing, commonly known as excessive money printing). Under the command of extremely low or even negative interest rates, banks cannot benefit from the interest rate spread between deposits and loans, and banks will choose to lie flat. Therefore, central banks will directly intervene to buy assets, thereby bypassing banks to supply money. This is exemplified by the Federal Reserve buying bonds and the Bank of Japan buying stocks. The entire system is becoming increasingly rigid, causing the most important clearing ability of the economic cycle to completely fail: Japan's huge zombie companies, the TBTF (Too Big to Fall) Wall Street financial giants formed after 2008 in the United States, and the emergency intervention after the collapse of Silicon Valley Bank in 2023. What does all this have to do with cryptocurrency? The 2008 financial crisis directly spurred the creation of Bitcoin, and the collapse of Silicon Valley Bank in 2023 directly triggered a wave of opposition to CBDCs (Central Bank Digital Currencies) in the United States. In a House vote in May 2024, Republicans unanimously voted against developing CBDCs and instead supported private stablecoins. The latter logic is somewhat convoluted. We might think that after Silicon Valley Bank, as a crypto-friendly bank, collapsed and even caused a significant decoupling of USDC, the United States should turn to supporting CBDC. However, in reality, the Federal Reserve's dollar stablecoin or CBDC has formed a de facto confrontation with the US Treasury stablecoin led by the executive branch and Congress. The Federal Reserve itself originated from the chaos and crisis of the post-"free dollar" system in 1907. After its establishment in 1913, it was an odd situation of "gold reserves + private banks" coexisting. At that time, gold was directly managed by the Federal Reserve until 1934 when its management was transferred to the Treasury Department. Before the collapse of the Bretton Woods system, gold was always the reserve asset of the US dollar. However, after the Bretton Woods system, the US dollar is essentially a fiat currency, or a stablecoin based on US Treasury bonds. This conflicts with the Treasury Department's position. From the public's perspective, the US dollar and US Treasury bonds are two sides of the same coin, but from the Treasury Department's perspective, US Treasury bonds are the true form of the US dollar, and the Federal Reserve's private nature is interfering with national interests. Returning to cryptocurrencies, especially stablecoins, those based on US Treasury bonds grant the Treasury and other administrative departments the power to issue currency outside the Federal Reserve. This is why Congress cooperates with the government to ban the issuance of CBDCs. Only by looking at it from this perspective can we understand the appeal of Bitcoin to Trump. Family interests are just a pretext. The fact that the entire administrative system can accept Bitcoin only shows that the pricing power of crypto assets is profitable for them. Image caption: Changes in USDT/USDC reserves Image source: @IMFNews The underlying assets of today's mainstream USD stablecoins are nothing more than USD cash, US Treasury bonds, BTC/ETH and other interest-bearing bonds (corporate bonds). However, in reality, USDT/USDC are reducing the proportion of USD cash and shifting significantly to US Treasury bonds. This is not a short-term move under the interest-earning strategy, but rather a coordination with the shift from USD stablecoins to US Treasury stablecoins. The internationalization of USDT is nothing more than buying more gold. The future stablecoin market will only be a three-way competition between US Treasury stablecoins, gold stablecoins, and BTC/ETH stablecoins. There won't be a direct confrontation between US dollar stablecoins and non-US dollar stablecoins. Surely no one truly believes that euro stablecoins will become mainstream! By using stablecoins based on US Treasury bonds, the Treasury regained the power to issue currency, but stablecoins cannot directly replace the money multiplier or leverage issuance mechanisms of banks. Treating banks as DeFi products Physics has never truly existed, and neither has the commodity attribute of money. In theory, the historical mission of the Federal Reserve should have ended after the collapse of the Bretton Woods system, just like the First and Second United States Banks. Therefore, the Federal Reserve has continued to play a role in regulating prices and stabilizing financial markets. As mentioned earlier, under the background of inflation, the central bank can no longer influence the money supply through the reserve requirement ratio. Instead, it directly intervenes to purchase asset packages. This leverage mechanism is not only inefficient, but also unable to clear out inferior assets. The progress and crisis of DeFi are giving us another option. Allowing crises to exist and occur is itself a clearing mechanism at work, forming a framework where the "invisible hand" (DeFi) is responsible for the leverage cycle and the "visible hand" (US Treasury stablecoins) is responsible for the underlying stability. In short, on-chain assets are actually beneficial to regulation, as information technology can penetrate the web of ignorance. In terms of specific implementation methods, Aave builds its own C-end App to directly connect with users, Morpho uses Coinbase to adopt a B2B2C model, and Spark in the Sky ecosystem abandons the mobile terminal and focuses on serving institutional clients. The specific mechanisms of the three can be further subdivided. Aave is a combination of end-users + institutional clients (Horizon) + official risk control. Morpho is a combination of risk control by the administrator + front-end outsourcing to Coinbase. Spark itself is a sub-DAO of Sky and is derived from a fork of Aave. It mainly targets institutions and the on-chain market, which can be understood as temporarily avoiding Aave's dominance. Sky is unique in that it is an on-chain stablecoin issuer (DAI->USDS) that hopes to expand its scope of use. It is fundamentally different from Aave and Morpho. Pure lending protocols need to remain sufficiently open to attract various assets, so Aave's GHO is unlikely to have a future. Sky needs to strike a balance between USDS and lending openness. After Aave voted against USDS as a reserve asset, people were surprised to find that Sky's own Spark also didn't really support USDS, while Spark was embracing PYUSD issued by PayPal. Although Sky hopes to balance the two by setting up different sub-DAOs, this inherent conflict between stablecoin issuers and open lending protocols will accompany Sky's development for a long time. In contrast, Ethena acted decisively, partnering with Hyperliquid's front-end product, Based, to promote the HYPE/USDe spot trading pair and offer rebates. Ethena directly embraced the existing ecosystem, such as Hyperliquid, temporarily abandoning the need to build its own ecosystem and public chain, and focusing on its role as a single stablecoin issuer. Currently, Aave is the closest to a fully-featured DeFi app and is a near-bank-level product. Starting from the wealth management/yield sector, it directly reaches end users and hopes to use its brand and risk control experience to migrate traditional mainstream customers to the blockchain. Morpho, on the other hand, hopes to learn from the USDC model, link itself with Coinbase to amplify its intermediary role, and facilitate deeper cooperation between more fund managers and Coinbase. Image caption: Morpho and Coinbase partnership model Image source: @Morpho Morpho represents another extreme open approach: USDC + Morpho + Base => Coinbase. Behind the $1 billion loan amount lies the heavy responsibility of challenging USDT and blocking USDe/USDS through the Yield product. Coinbase is the biggest beneficiary of USDC. What does all this have to do with US Treasury stablecoins? For the first time, the central role of banks has been bypassed in the entire process of generating stablecoin on-chain revenue and acquiring off-chain customers. This does not mean that banks are not needed, but rather that banks are increasingly becoming intermediaries for deposits and withdrawals. Although on-chain DeFi cannot solve the problem of the credit system, and there are many issues such as the capital efficiency of over-collateralization and the risk control capabilities of the manager's vault. However, permissionless DeFi stacks can indeed play a role in leverage cycles, and the collapse of a manager's vault can indeed serve as a market clearing mechanism. Under the traditional "central bank-bank" system, third-party or fourth-party clients such as payment providers, or powerful large banks, are all susceptible to secondary clearing, which can impair the central bank's ability to conduct thorough management and lead to misjudgments of the economic system. In the modern "stablecoin-lending protocol" system, no matter how many times a loan is revolved or how great the risk of the manager's vault is, it can be quantified and transparent. The only thing to be careful about is not trying to introduce more trust assumptions, such as off-chain negotiation and early intervention by lawyers, as this will lead to low efficiency in the use of funds. In other words, DeFi will not defeat banks through permissionless regulatory arbitrage, but rather through capital efficiency. More than a century after central banks established their control over currency issuance, the Treasury system is for the first time bypassing its entanglement with gold and reconsidering regaining control of the currency system. DeFi will also bear the heavy responsibility of re-issuing new currencies and clearing out assets. There will no longer be a distinction between M0/M1/M2; there will only be a distinction between US Treasury stablecoins and DeFi utilization rates. Conclusion Crypto sends its greetings to all its friends, hoping they will witness a spectacular bull market after a long bear market, while the overly impatient banking industry will be the first to go. The Federal Reserve's attempt to set up Skinny Master Accounts for stablecoin issuers and the OCC's efforts to quell banks' concerns about stablecoins poaching deposits are all actions driven by banking anxiety and regulatory self-preservation measures. Let's consider the most extreme scenario: if 100% of US Treasury bonds were minted into stablecoins, if 100% of the yield from these stablecoins were distributed to users, and if 100% of the yield was invested in US Treasury bonds by users, would MMT become a reality or fail completely? Perhaps this is the significance of Crypto: in the current era of AI, we need to rethink economics by following in Satoshi Nakamoto's footsteps and try to depict the real-world significance of cryptocurrencies, rather than blindly following Vitalik's lead.

Author: PANews

2025/12/08

Funding Weekly Report | 18 publicly disclosed funding events; Canton Network developer completes $50 million funding round with participation from BNY Mellon and Nasdaq.

Funding Weekly Report | 18 publicly disclosed funding events; Canton Network developer completes $50 million funding round with participation from BNY Mellon and Nasdaq.

Highlights of this episode According to incomplete statistics from PANews, there were 18 investment and financing events in the global blockchain sector last week (December 1-7), with a total funding scale exceeding US$344 million. An overview is as follows: In the DeFi sector, seven investment and financing events were announced, including decentralized exchange Ostium completing a $20 million Series A funding round led by Jump Trading and others. Two investment and financing events were announced in the Web3+AI sector, with the decentralized AI network DeepNode raising a total of $5 million in two rounds of financing. The infrastructure & tools sector announced three investment and financing events, including Antithesis, a testing tool used on the Ethereum network, which completed a $105 million Series A funding round led by Jane Street. Three investment and financing events were announced in the centralized finance sector, including stablecoin application Fin completing a $17 million financing round led by Pantera Capital; In the area of other Web3 applications, three investment and financing events were announced, including prediction market Opinion, which revealed that it has completed a new round of financing of tens of millions of US dollars. In addition, two publicly traded companies have completed financing rounds for their crypto treasury strategies: Lion Group signed a $10 million private placement agreement, allocating $8 million to purchase BTC. DeFi Decentralized exchange Ostium completes $20 million Series A funding round, led by Jump Trading and others. Ostium, a decentralized exchange founded by Harvard graduates, has raised $20 million in Series A funding, valuing the company at approximately $250 million post-money. The round was led by General Catalyst and Jump Trading, with participation from Coinbase Ventures, Wintermute, and GSR. Ostium had previously raised approximately $8 million in total. The platform focuses on perpetual contract trading for real-world assets such as commodities and stocks, aiming to provide overseas investors outside the US with transparent and efficient exposure to the US market. The co-founder and CEO stated that their goal is not to directly compete with crypto-native perpetual contract protocols like Hyperliquid, but rather to challenge traditional online brokers like Robinhood and eToro. The Ostium team currently has 15 employees, and this funding will be used to expand into the non-crypto user market. Their product logic targets the pain points of system opacity and technological lag faced by overseas investors accessing the US market through traditional brokers. DeFi protocol Zoo Finance has completed an $8 million strategic funding round, aiming to unlock liquidity from locked tokens. Zoo Finance, a DeFi protocol focused on unlocking liquidity from locked tokens, announced the completion of an $8 million strategic funding round. Zoo Finance's core product is its pioneering LVT (Liquidity Locked Token) & LNT (Liquidity Node Token) protocol. This protocol transforms locked vested tokens into tradable digital assets by splitting them into VT (Valuable Valuable Token) and YT (Yield Token). This innovation enables on-chain over-the-counter trading of SAFT tokens and node holders, creating new opportunities for future yield trading of tokens. This strategic funding round was led by Bitrise Capital, with participation from Signum Capital, Certik Ventures, TOP, CGV Funds, and Cryptomeria. This brings Zoo Finance's total funding to $10 million. Previous investors include CMS Holdings, Big Brain Holdings, DefinitionX, Pragma Ventures, HG Ventures, YBB Capital, 0xVentures, and Aquarius Financials. On-chain revenue protocol Axis raises $5 million, led by Galaxy Ventures. On-chain revenue protocol Axis has completed a $5 million private funding round, led by Galaxy Ventures, with participation from OKX Ventures, FalconX, GSR, Maven 11, CMS Holdings, and Marc Zeller, founder of the Aave Chan Initiative. The round was oversubscribed four times. The project aims to bring market-neutral strategies on-chain, and its closed beta phase has already deployed $100 million in capital, achieving a strategy Sharpe ratio of 4.9. Axis offers uncorrelated returns across different assets such as the US dollar, Bitcoin, and gold through a multi-asset yield hub. Its first US dollar-pegged asset, USDx, generates returns using an arbitrage engine, with plans to expand to Bitcoin and gold assets later. The protocol will be deployed on Plasma, a dedicated stablecoin chain supported by Bitfinex, to reduce operating costs and will integrate infrastructure such as Chainlink proof-of-reserve and Veda custody. The team stated that it plans to launch its first Origin Vault this year, aiming to raise up to $1 billion in deposits before a public token sale and full protocol launch in early 2026. On-chain yield platform Altura completes $4 million funding round On-chain yield platform Altura has raised $4 million in funding, led by Ascension, with participation from European private equity firms Moonfare and InnoFinCon. The platform aims to provide transparent, risk-controlled, and stable on-chain returns for both individual users and institutions through professional quantitative strategies. Altura employs a single-chain vault structure and generates returns through market-neutral strategies such as capturing cross-exchange price spreads, obtaining funding rates for hedging positions, and allocating interest-bearing assets, targeting an annualized return of 20%-30% in normal market conditions. LayerBank, an on-chain money market platform, has completed a $2.3 million Pre-Seed funding round. LayerBank has announced the completion of a $2.3 million Pre-Seed funding round. Investors in this round include Torab Torabi, CEO of Move Industries, Coin Bureau Chinese, DVchain, Taiko, Rootstock, and several angel investors and ecosystem contributors. The new funds will be used to advance the development and launch of its native token, ULAB, which is designed to form the basis of the platform's long-term value capture and incentive model. LayerBank plans to hold its Token Generation Event (TGE) on the Movement Network. LayerBank is a universal liquidity and on-chain money market, currently supporting over 150 markets across more than 17 chains, aiming to provide lending and yield strategies through a unified chain abstraction experience. Haiku raises $1 million in pre-seed funding to simplify DeFi execution processes. Decentralized trading infrastructure project Haiku has completed a $1 million Pre-Seed funding round led by Big Brain Holdings, with participation from Auros, Frostlight, Daedalus Syndicate, and Biconomy CEO Ahmed Al-Balaghi. Haiku proposes a "declarative trading" model that allows users to define target states and have the system automatically execute complex strategies. It supports 20 chains and 45+ protocols, aiming to drive DeFi from cumbersome operations to one-click execution. RWA platform OpenEden completes strategic financing round, with Ripple, FalconX, and others participating in the investment. OpenEden, a tokenization platform for RWA (Real-World Assets), announced the completion of a strategic financing round, with investors including Ripple, Lightspeed Faction, and Gate Ventures. This round of funding will be used to expand its RWA tokenization service platform and to advance the scaling of its regulated yield-generating stablecoin USDO and its tokenized US Treasury bond fund TBILL. OpenEden founder and CEO Jeremy Ng stated that this financing will help them provide compliant products that meet both traditional and decentralized finance standards. The RWA tokenization market is projected to double in size by 2025, and OpenEden's TBILL fund has become a top choice for institutional investors, with its assets under management growing more than tenfold in two years. This round of funding will also support US... AI DeepNode, a decentralized AI network, has raised a total of $5 million in two funding rounds. Decentralized AI network DeepNode has raised a total of $5 million in two funding rounds: a $2 million seed round valuing the company at $25 million, followed by a $3 million strategic round valuing it at $75 million. DeepNode's seed round saw participation from community members and support from key network validators, including WildSageLabs from RoundTable21, Rizzo from DNA, and infrastructure partner Gateway.FM. The strategic round was led by a consortium of Web3 and AI infrastructure investors, including Blockchain Founders Fund, Side Door Ventures, TBV, IOBC Capital, Fomo Ventures, and Nestoris. TrueNorth, a dedicated AI platform for the financial sector, has raised $3 million in Pre-Seed funding, led by CyberFund. TrueNorth, an AI platform focused on the financial sector, has raised $3 million in Pre-Seed funding. The round was led by CyberFund, with participation from Delphi Labs, SNZ, GSR, and Ocular. The funds will be used to develop a "financial intelligent inference layer," a type of artificial intelligence specifically designed for the financial sector that does not produce illusions when money is involved. TrueNorth is dedicated to building AI infrastructure specifically for the financial sector, aiming to address the illusions and delays encountered by general-purpose models in financial decision-making through domain-specific AI. Currently, the platform has over 40,000 users on its waiting list. Leveraging structured manuals, real-time data fusion, and proprietary models trained specifically for market logic, the platform transforms the expertise of elite traders into AI agents. Infrastructure & Tools Antithesis, a testing tool used on the Ethereum network, has raised $105 million in Series A funding, led by Jane Street. Antithesis, a startup focused on distributed system stress testing, has raised $105 million in Series A funding. The round was led by Jane Street, with participation from Amplify Venture Partners, Spark Capital, Tamarak Global, First In Ventures, Teamworthy Ventures, and Hyperion Capital, as well as individual investors including Patrick Collison, Dwarkesh Patel, and Sholto Douglas. The new funds will be used to expand the engineering team, increase automation, and develop global market channels. According to reports, the company employs deterministic simulation testing technology to provide production-level fault simulation services for blockchain and financial systems. The Antithesis platform can simulate real-world network environments on a large scale, accurately reproducing edge case failures and helping engineers locate system vulnerabilities that are difficult to reproduce through traditional debugging methods. The company revealed that the Ethereum network used its services to simulate extreme scenarios before its "merge" upgrade, and its clients currently cover the financial, AI, and blockchain sectors, with revenue growing more than 12 times in the past two years. Digital Asset Holdings has raised $50 million in funding, with participation from BNY Mellon and Nasdaq. Digital Asset Holdings LLC, a financial blockchain company, has completed a new $50 million funding round, with investors including BNY Mellon, Nasdaq Inc., S&P Global, and iCapital. Earlier this year, the company completed a $135 million funding round led by DRW Venture Capital and Tradeweb Markets, with participation from Citadel Securities, IMC, Optiver, and others. Digital Asset Holdings is known for developing the public blockchain Canton Network, which supports asset tokenization and processes financial transactions, allowing users to determine the scope of information confidentiality. Several institutions, including Goldman Sachs and Tradeweb Markets, have used or participated in managing the Canton Network. Portal to Bitcoin, a native Bitcoin interoperability protocol, has raised $25 million in funding, led by JTSA Global. Portal to Bitcoin, a native Bitcoin interoperability protocol, announced the completion of a $25 million funding round led by JTSA Global, with participation from Coinbase Ventures, OKX Ventures, Arrington Capital, and others. Alongside the new funding, the company launched an atomic over-the-counter (OTC) trading platform, promising "instant, trustless cross-chain settlement for large transactions." The protocol focuses on providing institutions and large investors with a Bitcoin-pegged cross-chain OTC market. It utilizes Hash Time Locked Contracts (HTLCs) across multiple chains and Bitcoin Taproot contracts to enable the exchange of native Bitcoin with native assets on integrated blockchains in a non-custodial manner, emphasizing the reduction of trust assumptions in transactions. DAT (These types of transactions are not included in this week's financing report statistics) Lion Group has signed a $10 million private placement agreement, allocating $8 million to purchase BTC. Lion Group Holding Ltd. (NASDAQ: LGHL), a U.S.-listed company, announced the signing of an amendment to its securities purchase agreement to raise $9.984 million through convertible bond financing. The company plans to use $8 million of the net proceeds to purchase Bitcoin (BTC) as corporate reserves. UK-listed company Hamak Strategy has raised £2.5 million to support Bitcoin purchases and gold exploration. UK-listed Hamak Strategy has completed a £2.5 million funding round, with the funds to support its Bitcoin Treasury strategy and gold exploration in Africa. This follows news on July 30th that UK-listed Hamak Gold purchased its first batch of 20 Bitcoins. On October 15th, it was announced that Hamak Strategy had secured £35 million in funding to support its investments in gold and Bitcoin. Centralized Finance N3XT, founded by the former founder of Signature Bank, raised a total of $72 million in three rounds of funding. N3XT, a blockchain-based bank founded by a former Signature Bank executive, has completed three rounds of funding, raising a total of $72 million, with the most recent round completed in October. The company has received backing from several venture capital firms, including Paradigm, HACK VC, and Winklevoss Capital. N3XT was founded by Scott Shay, founder and former chairman of Signature Bank. Jeffrey Wallis, formerly head of digital asset and Web3 strategy at Signature Bank, serves as N3XT's CEO. Stablecoin app Fin raises $17 million, led by Pantera Capital. Fin, a stablecoin app founded by former Citadel employees, announced the completion of a $17 million funding round led by Pantera Capital, with participation from Sequoia and Samsung Next. The app aims to provide cross-border and large-value payment services using stablecoin technology, enabling fast global transfers without complex operations. Its design allows users to transfer funds to other Fin users, bank accounts, or cryptocurrency wallets, and claims that transaction fees will be significantly lower than traditional banking channels. Fin primarily targets large-value cross-border or domestic transfers, such as addressing payment efficiency issues in import and export trade. The app is not yet officially launched but plans to begin a pilot program between import and export companies next month. The company's profits will come from transaction fees and stablecoin reserve interest. French crypto savings platform Bitstack raises $15 million in Series A funding, led by 13books Capital. French crypto savings platform Bitstack announced the completion of a $15 million Series A funding round, led by 13books Capital, with participation from AG2R LA MONDIALE, Plug and Play Ventures, Serena, Stillmark, and Y Combinator. The company claims to have over 300,000 active users in France, with accumulated savings exceeding €300 million in Bitcoin, and revenue growing tenfold in two years. It has obtained a MiCA license from the French AMF and operates in multiple European countries. The company will accelerate the launch of its VISA debit card "Stackback" rewards and Euro accounts (including French IBANs), with card testing scheduled to begin on January 13, 2026, for 5,000 eligible users. other Predicting the market: Opinion revealed at the BBW event that it has completed a new round of financing worth tens of millions of US dollars. At an event co-hosted by Opinion, Aster, and WLFI at BBW, the Opinion team announced that it has recently secured tens of millions of dollars in funding. This funding will be used to advance the development of its prediction market ecosystem based on the BNB Chain, its user growth plans, and its infrastructure. Gondor, a prediction market DeFi layer, has raised $2.5 million in funding and will launch its beta version next week. Gondor, a prediction market DeFi layer, announced the completion of a $2.5 million funding round. It will launch a beta version next week, which will support lending using Polymarket holdings as collateral and trading with 2x leverage. Later, it will expand the leverage to 4-5x through cross-margining. DePIN: Web3 robotics company XMAQUINA has completed a new round of funding, led by Borderless. Web3 robotics company XMAQUINA announced the completion of its latest funding round, led by Borderless Capital, with participation from Waterdrip Capital, vVv, and Clairvoyant Labs, as well as strategic angel investors from Arkstream Capital, LD Capital, and KuCoin Ventures. All investors participated in the third wave of the Genesis Auction on the same terms as the general public. Other notable participants in previous auctions include Moonrock Capital, MH Ventures, Fundamental Labs, Generative Ventures, and Mulana Capital.

Author: PANews

2025/12/08

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