According to WuShuo, the Economic Investigation Bureau of the Ministry of Public Security, together with the National Internet Finance Association of China, the China Banking Association, the Securities Association of China, the Asset Management Association of China, the China Futures Association, the China Association for Public Companies, and the Payment & Clearing Association of China, have jointly issued a risk warning to the public to be wary of illegal activities related to virtual currencies and real-world asset tokens (RWA). Recently, some criminals have been using virtual currency spe

WuShuo has learned, according to Zhitong Finance, that Wu Qing, Chairman of the China Securities Regulatory Commission, recently stated at the 8th General Assembly of the China Securities Association that the boom in financial technology innovation is profoundly changing and even reshaping the financial market ecosystem. Industry institutions must be adept at embracing change, adapting to change, and seeking change by actively researching, steadily exploring, and promoting the deployment and application of technologies such as artificial intelligence, big data, and blockchain in the capital ma

Western Union is developing a prepaid stablecoin payment card aimed at countries experiencing severe inflation. The company's CFO, Matthew Cagwin, stated at the UBS Global Technology and AI Conference that the product is designed to help address scenarios of rapid local currency devaluation, providing users with more stable purchasing power. For example, in Argentina, inflation exceeded 200% last year, and a dollar-denominated stablecoin card can help remittance recipients better preserve value. Previously, Western Union also announced plans to launch the USD-pegged stablecoin USDPT on Solana

Minh Phuong Ngoc Vong, a man from Maryland, USA, was sentenced to 15 months in prison and 3 years of supervised release for assisting North Korean IT personnel in infiltrating American tech companies. Between 2021 and 2024, he used forged identities to secure software positions for at least 13 U.S. companies, with the actual work being performed remotely by his North Korean associates. Some of the projects involved access to sensitive government systems such as those of the FAA. This case is part of North Korea’s ongoing strategy of covertly placing remote IT workers in U.S. companies, targeti

Wu said that recently, Base launched the Base-Solana bridge, allowing Solana tokens to be bridged to the Base network. However, according to BaseScan data, as of 15:00 UTC+8 today, the Base: Bridge contract: 0x3e…5188 has only had 60 transactions, with the most recent Bridge Token transaction occurring 6 hours ago.

Monet Bank, a Texas community bank owned by billionaire and major Trump political supporter Andy Beal, has officially announced its entry into crypto lending and digital asset banking, positioning itself as an infrastructure bank for digital assets. The bank has assets of less than $6 billion and capital of about $1 billion. Monet becomes the latest bank to shift toward crypto business, following Erebor Bank (which received a conditional OCC license) and N3XT (founded by the former Signature team as a Wyoming SPDI). (CoinDesk)

Wu said that CEA Industries (NASDAQ: BNC) has issued a statement in response to recent comments from YZi Labs, reaffirming that the company is not considering replacing its token assets and remains committed to its BNB DAT strategy, aiming to become the world’s largest BNB Treasury company. As of December 4, the company holds 515,554 BNB (with a market value of approximately $465 million). The company also stated that it has strengthened its governance structure by adding independent directors Annemarie Tierney and Carly E. Howard, and has established communication channels with YZi, welcoming

According to Yahoo Finance, Aave founder Stani Kulechov stated that the UK HMRC’s (Her Majesty’s Revenue and Customs) latest DeFi tax guidelines could become a major turning point for crypto lending. The policy explicitly states that depositing assets such as USDC and USDT into DeFi will not be considered a disposal and will not trigger capital gains tax, with tax only applied upon actual sale or exchange—essentially a “no gain, no loss” treatment. Kulechov said this will reduce compliance costs, benefit both institutional and retail adoption, and boost DeFi liquidity and lending growth in the

According to Wu Blockchain, SlowMist’s Cosine posted on X that user Babur disclosed the theft of approximately $27 million in crypto assets. Analysis shows that the stolen assets were mainly concentrated in two addresses: Solana address 91xu and Ethereum Safe multisig address 0xD2, with the two largest stolen amounts totaling over $18 million. Some of the funds have already been bridged to the Ethereum network. Cosine stated that the incident is suspected to have been caused by a trojan infection on the computer, and after the user double-clicked a malicious file, the private keys were leaked.

James Butterfill, Head of Research at CoinShares, responded to recent controversies regarding Tether’s solvency, noting that despite new criticisms from Arthur Hayes and S&P Global, Tether currently has billions of dollars in surplus and market panic is “somewhat misplaced.” He cited Tether’s latest audit report, stating that the company currently holds $181 billion in reserves against approximately $174.45 billion in liabilities, resulting in a surplus of nearly $6.8 billion. Tether remains one of the most profitable companies in the industry, generating $10 billion in profits in the first th

Indiana State Representative Kyle Pierce has submitted House Bill 2014, requiring state-managed public employee retirement and savings plans to offer ETF options with exposure to cryptocurrency. The bill also restricts local governments from imposing “unreasonable” limits on crypto payments, crypto mining, and individual self-custody, while protecting compliant mining operations in industrial zones and private mining in residential areas. The bill has been submitted to the State House Financial Institutions Committee for review. (Decrypt)

Wu said that Fidelity Investments CEO Abigail Johnson publicly admitted in an on-site interview at Founders Summit 2025 that she personally holds Bitcoin, although the amount she owns is not large. In the interview, Johnson stated that Bitcoin is becoming the "gold standard" of modern savings and is a long-term store of value for individuals, institutions, and retirement portfolios. She believes that Bitcoin will continue to play a core role in future savings structures, especially against the backdrop of ongoing global inflationary pressures.

According to The Fintech Times, stablecoin payment company RedotPay has announced a partnership with Ripple to launch the "Send Crypto, Receive NGN" feature, which supports instant conversion and settlement of crypto assets such as USDT, USDC, XRP, BTC, and ETH into Nigerian Naira, with funds deposited directly into local banks. This significantly shortens cross-border payment settlement times to just a few minutes. In 2024, Nigeria's cross-border remittance volume is about $21 billion, with annual stablecoin transaction volume nearing $59 billion, indicating that crypto is more utility-orient

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated in an interview with Fox Business that tokenization is the future direction of capital markets. By putting securities assets on-chain, ownership can be clarified more transparently. He expects that within the next two years, all markets in the United States will migrate to on-chain operations, achieving on-chain settlement.

Wu said that, according to Christine Kim's summary of the 225th Ethereum Execution Layer Core Developer Meeting (ACDE), the main topics discussed were: Fusaka (successfully activated on the Ethereum mainnet, with only the Prysm client experiencing a brief drop in validator participation during the upgrade, which was fixed within a few hours; the first automated BPO hard fork will take place on December 9), Glamsterdam (developers rejected 14 out of more than 40 EIP proposals, are focusing on 5, and will continue to discuss another 5), developers canceled the Ethereum developer meetings schedul

The Bank of Japan may raise interest rates by 25 basis points to 0.75% at its December 19 meeting, the highest since 1995; following the news, the yen rose from around 155 to approximately 154.56. A stronger yen is usually accompanied by macro deleveraging, which may trigger the unwinding of yen-funded carry trades and tighten the liquidity that previously supported Bitcoin's rebound from its November low. If funding costs continue to rise, leveraged funds may reduce their exposure to highly volatile assets such as BTC. (CoinDesk)

Phong Le, Strategy CEO of Bitcoin Treasury Company, stated in an interview with CNBC that the company has no issues paying dividends. Recently, there have been rumors spreading that the company is "unable to fulfill its dividend obligations," which has led to short selling of Bitcoin in the market. Phong Le said that the company raised $1.44 billion in eight days to establish a dividend reserve fund, covering approximately 21 months of dividend payments. This move aims to eliminate FUD and demonstrate to the market that even during a Bitcoin downturn, the company still has the ability to raise