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The Shanxi Court in China has sentenced two accomplices involved in a USDT fraud case to fixed-term imprisonment of two years and six months and one year and six months, respectively, along with fines. The case involves victims who invested through false stock information and ultimately lost 1.47 million yuan. The prosecutor's office will continue to crack down on telecom network fraud and its accomplices' activities. #USDT # fraud #虚拟货币 # anti-fraud

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The world's second-largest asset management company Vanguard Group announced that it will allow ETFs and mutual funds primarily holding specific cryptocurrencies such as Bitcoin, Ethereum, XRP, and Solana to trade on its platform. #比特币 #ETH #XRP #Solana #ETF

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The Federal Reserve and the FDIC will advance the implementation of the GENIUS Act, with the first batch of stablecoin issuer regulatory rules expected to be announced in December, covering capital standards and liquidity requirements, among others. #美联储 # stablecoin #GENIUS法案 # FDIC

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Michelle Bowman, a senior bank regulatory official of the Federal Reserve, will announce at a hearing of the House Financial Services Committee a commitment to establish new regulatory rules for banks and stablecoins to promote healthy competition between traditional financial institutions and fintech and cryptocurrency companies. #美联储 # stablecoin #regulation

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The Chairman of the SEC will deliver a speech tonight at the New York Stock Exchange, discussing the future vision of the U.S. capital markets and emphasizing the strengthening of the markets and related initiatives. #SEC # capital markets

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Strategy (MSTR) fell over 11% during the U.S. stock market session, having closed down for four consecutive months, with a total market value of approximately $44.8 billion. The company holds 650,000 bitcoins, with a total value of about $48.4 billion. The company has set aside $1.44 billion in reserves to pay dividends on preferred stock and debt interest. #比特币 #BTC #美股 # financing

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Bitcoin treasury company Strategy's stock price continues to decline, with the current drop expanding to 11.93%, now reported at 156.16 USD. #比特币 # crypto assets

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Stablecoin company First Digital plans to go public through a merger with SPAC CSLM Digital Asset Acquisition Corp III to take advantage of a favorable regulatory environment. Relevant details have not yet been disclosed. #稳定币 #SPAC #crypto assets

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David Sacks, the White House cryptocurrency and artificial intelligence chief, accused The New York Times of making unsubstantiated claims and has hired a lawyer to handle the matter. He stated on social media that the report was a patchwork of unsupported allegations, claiming that the paper was trying to expose a conflict of interest between his government position and the tech industry. #加密行业 #Artificial Intelligence #WhiteHouse

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The RootData Dubai-themed forum will open tomorrow, focusing on integration and growth paths in the new cycle. The forum will bring together top global industry builders and investment institutions to discuss the future of the crypto industry. RootData will release the first dynamically updated ranking of cryptocurrency exchanges, aimed at improving information transparency. #加密行业 # blockchain #迪拜 # forum.

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The prediction market platforms Kalshi and Polymarket set a monthly trading volume record in November, totaling nearly $10 billion, continuing the record activity since summer. Kalshi's spot trading volume increased by 32% month-over-month, while Polymarket grew by 23.8%. #预测市场 # trading volume #Kalshi # Polymarket.

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BitMine increased its holdings by 96,798 ETH last week, with total holdings exceeding 3.72 million, and the total asset value reaching 12.1 billion USD. Chairman Thomas Lee pointed out that the Fusaka upgrade will be activated on December 3rd, which is expected to boost the ETH price. #以太坊 #ETH #cryptocurrency

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Strategy Company established a $1.44 billion dividend reserve fund to pay for preferred stock dividends and existing debt interest. The fund is sourced from the proceeds of the company's issuance of Class A common stock, with plans to maintain coverage for at least 12 months of dividend payment needs, with the ultimate goal of building a buffer fund covering more than 24 months. #股息 # financing

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Web3 digital asset trading platform Websea announced that it has secured a strategic investment from Hongyi. Websea is designed for the global younger generation, integrating diverse functions such as capital preservation copy trading and contract insurance. Since its establishment in 2023, it has obtained regulatory licenses from the United States, Canada, and Australia. #Web3 # digital assets #investment

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CoinShares released its latest weekly report, showing that net inflows into digital asset ETPs reached $1.07 billion last week, primarily influenced by comments from Federal Reserve members, which boosted expectations for a U.S. interest rate cut. The U.S. market led globally with nearly $1 billion in inflows, with Bitcoin, Ethereum, and XRP seeing inflows of $464 million, $309 million, and a record $289 million, respectively. #比特币 #ETH #XRP #Federal Reserve

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Zhongke Lian'an Analysis pointed out that China's crypto regulation lineup has added the Ministry of Justice, the Central Financial Office, and the National Financial Regulatory Administration compared to 2021, indicating a comprehensive upgrade in regulation. This meeting has made "stablecoins" the core focus of strict enforcement, emphasizing the construction of a full-chain monitoring system to combat illegal activities related to virtual currencies. #加密行业 # regulation #稳定币 # People's Bank of China

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Société Générale expects the Federal Reserve to cut interest rates two more times next year, despite resilient economic data and sticky inflation. It is projected that by the end of 2026, the two-year Treasury yield will drop to 3.2%, and the ten-year Treasury yield will fall to 3.75%. #美联储 # interest rate cut #US Treasury yield

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Ripple Labs' Singapore subsidiary, Ripple Markets APAC, has received approval from the Monetary Authority of Singapore (MAS) to expand its regulated payment activities under its main payment institution (MPI) license. The company's president, Monica Long, stated that this license expansion will enhance Ripple's investment capabilities in Singapore. #Ripple # payment #Singapore

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The People's Bank of China held a meeting, emphasizing the crackdown on illegal foreign exchange activities using stablecoins and continuing to enforce the relevant ban from 2021. Lawyer Xiao Sa pointed out that the expansion of the stablecoin market fosters money laundering and other criminal activities, with increasing regulatory efforts. Hong Kong and the mainland contrast open and restrictive policies on virtual assets. #稳定币 # money laundering #监管 # virtual currency

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Bitcoin has fallen below $86,000, currently priced at $85,940, with a 24-hour decline of 5.46%. #比特币 #BTC