According to a report by Jinse Finance, HSBC Bank emphasized that the latest research shows 74% of companies have received positive returns from generative AI, contradicting previous claims that 95% of companies had not seen any investment returns. Analysts at the institution stated that the widely cited July MIT NANDA report was based on insufficient data and exaggerated concerns about an AI bubble. HSBC pointed out that measuring the success of AI is a complex task that requires rigorous methodology. The study, jointly conducted by Wharton School and GBK, is now in its third phase and provides more reliable evidence that AI investments are delivering tangible productivity and performance improvements for many enterprises.

PANews, December 3—According to DL News, Russian prosecutors are seeking to confiscate a large amount of luxury assets from fugitive secret service official Georgy Satyukov. He is accused of accepting bribes worth $184 million in Bitcoin and $30 million in Ethereum from operators of the now-defunct WEX cryptocurrency exchange. Investigators have identified assets worth $29.6 million allegedly linked to Satyukov's bribery case. Prosecutors claim Satyukov used illicit funds to purchase 13 Russian apartments, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. The investigation also found two Porsche Cayenne Turbos registered to him, seven Patek Philippe watches, and other jewelry with a total value exceeding $1.3 million. His family’s bank accounts still hold over $15 million in cash and

Ten major European banks have formed an alliance and plan to launch a euro stablecoin by mid-2026 in an effort to counter the dominance of the US dollar in the global stablecoin market, which exceeds $300 billion. The project is jointly initiated by banks including BNP Paribas, ING, UniCredit, and CaixaBank, and will be developed through the newly established Qivalis institution to ensure compliance with the EU's MiCA regulations. Qivalis has assembled an experienced leadership team, with former Compliance CEX Germany Managing Director Jan-Oliver Sell serving as CEO and former ING Head of Digital Assets Floris Lugt as CFO. The alliance has applied for an electronic money institution license from the Dutch Central Bank and welcomes participation from more banks to drive payment innovation.

PANews, December 3 – According to observations from Gate Research Institute, the crypto market remained volatile this week amid both macro and sentiment-driven disruptions. Expectations of a rate hike by the Japanese central bank and ongoing uncertainty around Fed policy continue to intensify. Currently, the probability of a rate cut in December is

ChainCatcher news reports that Standard Chartered's Global Head of Corporate and Investment Banking, Gethanjay, stated that distributed ledger and blockchain technology will eventually replace the infrastructure of traditional financial markets. Financial institutions that do not keep up with the times will face elimination. Standard Chartered is concurrently laying out innovative financial services such as tokenization of deposits, stablecoins, and Central Bank Digital Currency (CBDC) to enhance market competitiveness.

Gate News Bot news, on December 03, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $91,600, rising 5.88% in the last 24 hours, reaching a high of $93,000 and a low of $83,900. The 24-hour volume reached $78.469 billion. The current market capitalization is approximately $1.83 trillion, an increase of $101.48 billion compared to yesterday. Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology without a central authority or bank; transaction management and the issuance of Bitcoin are carried out collectively by the network. Bitcoin is open source; its design is public, and no one owns or controls Bitcoin, allowing anyone to participate. Through its many unique properties, Bitcoin enables exciting uses that are not covered by any previous payment systems.

BlockBeats news, on December 3, the Chief Economist of the ASEAN Plus Three Macroeconomic Research Office (AMRO), He Dong, stated that stablecoins issued by non-bank institutions do not have the ability to create money and have limited capacity to serve the real economy, making it difficult for them to become mainstream in the currency market in the long run. At the same time, the People's Bank of China has also pointed out that stablecoins carry risks of Money Laundering and fraud. Currently, various regions around the world are researching and developing Digital Money, including Central Banks, banks, and non-bank Financial Institutions that are launching different new payment tools.

Odaily News Sony Group plans to issue a dollar-pegged stablecoin next year for American customers to use within its digital ecosystem to purchase content such as games and anime. This move comes after Sony's banking division, Sony Bank, applied for a national bank charter in the U.S. in October. The charter will allow its subsidiary Connectia Trust to engage in "certain specified activities involving encryption," including the issuance of a stablecoin pegged to the dollar, maintaining corresponding reserve assets, and providing custody and digital asset management services. Sony Bank has partnered with stablecoin company Bastion, which will provide the infrastructure for the Sony stablecoin. Sony Bank hopes that American customers will be able to use its stablecoin for payments.

Odaily News DAT provides investors with exposure to underlying digital assets by packaging crypto assets in securities regulated by the SEC, aiming to outperform the performance of the underlying assets through a strategy that maximizes returns. A key metric for measuring the performance of DATs is the market net asset value (mNAV), which compares the company's enterprise value to its digital asset holdings. Investment bank Macquarie points out that the viability of DAT is closely related to the equity premium relative to net asset value. If this premium erodes or turns into a discount, the model will face significant challenges. When the crypto market experiences a pullback, mNAV may fall below 1, indicating that the company's trading price is below the value of its crypto asset holdings, which may force DATs to sell some tokens to obtain liquidity. Sussex University finance professor Carol A

According to ChainCatcher news, Jin10 reports that Deutsche Bank analyst Anterje Plavk pointed out that if the next Fed chair responds to President Trump’s calls for interest rate cuts while inflation remains high, the dollar may face downward pressure. Plavk believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of the Fed cutting rates. She stated that if the Fed cannot effectively curb inflation risks, it will have a negative impact on the currency.

According to ChainCatcher news and Financefeeds report, Swiss encryption bank AMINA Bank has incorporated Paxos's USDG stablecoin into its institutional services and joined the Global Dollar Network (GDN). As a Swiss encryption bank regulated by FINMA, AMINA Bank continues to expand its institutional-grade digital dollar services. Myles Harrison, Chief Product Officer of AMINA Bank, stated that this collaboration reflects AMINA's ongoing commitment to compliant innovation. In addition to custody and trading, AMINA has also launched a rewards program that offers higher annual rewards for USDG balances.

The report by the French bank noted that if the U.S. Supreme Court rules that Trump has implemented comprehensive tariffs illegally, the dollar could weaken immediately, and investors' concerns about the U.S. fiscal deficit would increase. However, the Trump administration may compensate for the fiscal gap through alternative tariff measures.

Bank of America advises its wealth management clients to allocate 1%-4% of their assets to Crypto Assets and will cover four Bitcoin ETFs starting next year.

Bank of America suggests wealth management clients allocate 1%-4% of their portfolios to Crypto Assets, with a special focus on four Bitcoin ETFs. This advice is suitable for clients interested in high Fluctuation investments and emphasizes the selection of regulated investment vehicles.

Market maker Wintermute pointed out that BTC briefly stabilized last week due to a clear market holdings structure, but the impact from the Bank of Japan quickly shattered the support level. Although macro factors dominate the market, the underlying structure is healthy and liquidity is good, the vulnerability of mainstream crypto assets may drop, and the prerequisites for market consolidation are in place.

Wall Street investment bank Cantor Fitzgerald disclosed for the first time that it holds shares of the Volatility Shares Solana ETF valued at $1.28 million, becoming a company that holds regulated Solana products. This information was submitted to the SEC in mid-November.

On December 1, Fed Chairman Jerome Powell deliberately avoided discussion of the current economic situation or monetary policy during a speech at the Hoover Institution at Stanford University. He reiterated the Central Bank's responsibility to maintain price stability and emphasized the importance of trust and economic humility. Powell's term will expire in May 2026, and the market is watching for Trump to possibly announce a new Fed chairman candidate this month. The timing of the speech is noteworthy: there are only 9 days left until the next Federal Open Market Committee (FOMC) meeting, and the market had hoped to gain signals on policy direction from the speech. However, Powell emphasized that he would not discuss the current economy or monetary policy, but rather commemorate the contributions of the late former Secretary of State George Shultz.

BlockBeats news, on December 2, as the largest overseas creditor of U.S. Treasury bonds, Japan may trigger the repatriation of domestic funds from U.S. Treasury bonds and other overseas assets if it tightens its monetary policy, disrupting the downward trend of U.S. Treasury yield and adding uncertainty to the global market. On Monday, after Bank of Japan Governor Kazuo Ueda hinted at a possible interest rate hike later this month, global government bond yields generally rose (yields rise when bond prices fall). This statement surprised investors, who had expected the Bank of Japan to remain inactive. Ueda's remarks pushed Japan's 10-year government bond yield up to 1.879%—the highest closing level since June 2008. The U.S. 10-year Treasury yield also rose to close at 4.095%, while it was slightly below 4% in the middle of last week. Wall Street is concerned that the rise in Japanese bond yields will attract funds away from U.S. investments.

According to Jinse Finance, the demand for Japan's 10-year government bond auction on Tuesday was stronger than the average level of the past 12 months, despite the rising expectations for the Central Bank's recent interest rate hike. The bid-to-cover ratio was 3.59, up from 2.97 in the last auction in November and the 12-month average of 3.20. This auction took place after Bank of Japan Governor Kazuo Ueda made comments on Monday, which the market believes increased the likelihood of a rate hike later this month. Ueda stated that the Bank of Japan would weigh the pros and cons of raising interest rates and take appropriate action, adding that even after a rate hike, financial conditions would remain accommodative. Currently, the swap market indicates an approximately 80% chance of a rate hike at the policy meeting on December 19, while the likelihood of a January rate hike has risen to over 90%. In contrast, just a week ago, the probability of a December rate hike was only 36%. Meanwhile, the Japanese Ministry of Finance plans to increase short.

PANews, December 2 - The Riksbank of Sweden has released a research report indicating that despite different regulatory frameworks, there is a gradual substantive convergence in stablecoin policies between Europe and the United States. The report focuses on three major dimensions of central bank policies: whether to allow stablecoin issuers access to settlement systems, whether central bank reserves can be used as collateral, and whether liquidity support can be obtained. Currently, while the law in both Europe and the U.S. permits the use of central bank reserves, there are still operational limitations. The European Central Bank has allowed some non-bank payment institutions to hold central bank account balances for transaction flows, but has not opened up the use of stablecoin backing.

Golden Finance reported that the Sveriges Riksbank has published a report on stablecoins, exploring their benefits and risks. The report also analyzes how central banks around the world are formulating policies for stablecoin issuers, revealing that despite differing regulatory frameworks, there is a practical convergence in policy between the United States and Europe. The analysis by the Central Bank of Sweden identified three key areas of central bank policy: whether issuers can access the central bank settlement system, whether they can use central bank reserves as backing assets, and whether they can access the central bank's standing facilities and liquidity support. Regulatory agencies in the United States and Europe have created legal frameworks that technically allow the use of Central Bank reserves as supporting assets, while implementing restrictive measures to limit their use. In Europe, MiCA (Markets in Crypto-Assets Regulation) allows stablecoin reserves to include central bank currencies, although the European Central Bank (ECB) and other EU

BlockBeats news, on December 2, the Japanese government launched its own version of the "Government Efficiency Department" (DOGE), setting a plan in its first meeting aimed at identifying and eliminating inefficient tax measures and subsidies. After the first DOGE meeting, Finance Minister Shunichi Suzuki told reporters on Tuesday: "By eliminating waste through the efforts of everyone, including the public, and directing funds to areas that truly need them, we will form a sharp contrast to previous administrations. This is crucial for maintaining trust in the nation, in our currency, and in the market." Shunichi Suzuki also mentioned that she believes there is no discrepancy between the government's and the Bank of Japan's assessments of the economy, after Bank of Japan Governor Kazuo Ueda expressed confidence in the economic outlook and hinted at possible interest rate hikes. Japan's Economic Growth Strategy Minister Minoru Kiuchi reiterated these comments verbatim, indicating that this response has been vetted by the Cabinet.

According to BlockBeats news, on December 2, following the recent hawkish remarks from the Governor of the Bank of Japan and related asset movements, the probability of "Bank of Japan raising interest rates by 25 basis points in December" on Polymarket has surged to 81%, while the probability of keeping interest rates unchanged is 17%. According to public information, the Bank of Japan plans to announce its interest rate decision on December 19.

BlockBeats news, on December 2, the yield on Japan's 30-year government bonds hit a record high, driven by persistently high inflation and increasing market expectations for the Bank of Japan to raise interest rates later this month. Currently up 1.5 basis points, quoted at 3.405%. Bank of Japan Governor Kazuo Ueda stated on Monday that the central bank will thoroughly discuss the possibility of raising interest rates at the upcoming meeting, which has boosted market expectations for a rate hike in the near term. The yield on 10-year government bonds remained flat at 1.875%. (Jin10)

According to ChainCatcher news and reports from Jin10, the Fed may face a series of divergent votes on interest rate issues in the future, which could weaken the effectiveness of its policy signals. Among the committee of 12 voting members, as many as five have expressed opposition or skepticism towards further rate cuts, while three members hope for a rate reduction. Al-Hussein, a fixed income investment manager at Threadneedle, stated that a 7:5 split would cause chaos in the interest rate market. Bank of New York Mellon believes that the policy outlook for 2026 will be influenced by political economics.

According to ChainCatcher news and Jin10 reports, the Fed has released a regulatory report stating that the banking system still maintains strong capital levels and will continue to focus on bank and commercial real estate loans.

Odaily News Huione Pay in Cambodia suddenly announced its suspension of operations until January 5 of next year and launched a deferred payment plan on December 1 due to a short-term large-scale bank run. A large number of users have queued outside its headquarters in Phnom Penh, and signs have been posted in Chinese stating "Deferred Payment Statement". Notably, the U.S. FinCEN has listed Huione Group as a major money laundering risk institution this May, accusing it of providing money laundering channels for North Korean and Southeast Asian transnational scam organizations, involving encryption scams such as "Pig-butchering scams". (Cambodia-China Times)

Odaily News Sources say that Trump trusts Hassett and believes that he is aligned with him on the desire to push the Central Bank for more aggressive interest rate cuts. Hassett has stated that he would accept the position if invited. Last week, U.S. Treasury Secretary Becerra, who is overseeing the selection process, indicated that Trump might announce his nominee before the Christmas holiday. Other finalists besides Hassett include Federal Reserve Board of Governors member Christopher Waller, Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed a desire for Becerra to serve as chairman, but Becerra has repeatedly declined.

Japan's 10-year government bond yield rose to 1.86%, reaching a new high since 2008 and triggering tremors in global markets. As the Bank of Japan hinted that it would consider raising interest rates at the December rate meeting, the long-standing era of low interest rates may come to an end, directly threatening the support for global risk assets and Yen Carry Trade in the crypto market. In the past year, Japan's government bond yields nearly doubled, with the two-year yield reaching 1% for the first time since 2008. Although 1.86% is still considered low globally, it represents a significant structural change for Japan, a country that has long been in a "zero interest rate" environment. The low interest rates had allowed global investors to borrow yen at extremely low costs, flooding into U.S. Treasuries, European bonds, and high-risk assets, including encryption. However, as domestic yields rise, funds may begin to flow back to Japan.

The Governor of the Bank of Japan has released hawkish signals, with the probability of interest rate hikes rising to 64%, pushing the yen stronger and putting pressure on the dollar and high fluctuation assets. Global risk appetite has declined, leading to a significant fall in BTC, with a bearish short-term structure that requires attention to the liquidity support below. Market sentiment is bearish, and a downward fluctuation is expected.

Sony Bank is accelerating the layout of its encryption payment system, planning to issue a stablecoin pegged to the US dollar as early as fiscal year 2026, aimed at serving Sony's vast global ecosystem of games, streaming, and anime. According to Nikkei News, this stablecoin will allow users to directly pay for subscriptions and digital content fees on PlayStation and related platforms without relying on credit cards, further dropping Sony's payment costs on credit card networks. In order to successfully launch the product into the US market, Sony Bank applied for a US banking license in October this year and plans to establish a US branch to be responsible for issuance and compliance matters, while collaborating with the US stablecoin infrastructure company Bastion. Over 30% of Sony's revenue comes from the US, making US consumers a key group for the early promotion of stablecoins. This plan also benefits from the recently passed GENIUS Act.

Ripple Labs' Singapore subsidiary, Ripple Markets APAC, has received approval from the Monetary Authority of Singapore to expand its regulated activities under its payment institution license. This will enhance Ripple's investment capability in Singapore and provide a more efficient funds transfer infrastructure.

Paul Krugman warned that Trump's allies are undermining the regulatory measures established after the 2008 financial crisis, increasing instability in the financial system. He mentioned that loosening bank capital requirements and supporting the encryption industry could trigger a new crisis.

BlockBeats news, on December 1st, Arthur Hayes stated that Bitcoin experienced a big dump, caused by the Bank of Japan hinting at a possible interest rate hike in December. The exchange rate of the US dollar against the Japanese yen fluctuates in the range of 155-160, indicating a hawkish stance from the Bank of Japan.

PANews, December 1st news, cryptocurrency analyst Willy Woo released a comparison chart of bank runs. Tether (USDT) experienced a redemption wave of about 20-25% in 2022 and still fully paid out, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's current assets are in cash equivalents, with the rest in gold and Bitcoin, totaling an over-collateralization of 3%. Even if volatile assets fall by 30% in extreme market conditions, USDT still has 95% asset backing.

Jin10 reported that Bank of Japan Governor Kazuo Ueda hopes to further clarify the future interest rate hike path after the rate rises to 0.75%.

According to ChainCatcher news, Jin10 reported that the Governor of the Bank of Japan, Kazuo Ueda, stated that delaying interest rate hikes for too long could lead to severe Inflation, forcing the Central Bank to quickly adjust its policies.

BlockBeats news, on December 1st, according to Nikkei, Sony Bank is set to issue a stablecoin pegged to the US dollar as early as the 2026 fiscal year in the United States. Sony Group plans to use this stablecoin for payments related to games and anime content within its ecosystem.

PANews, December 1st news, according to Jin10 data, the Governor of the Bank of Japan, Kazuo Ueda, just spoke and pointed out that the Japanese economy has moderately recovered, and the inflation rate is expected to briefly fall below 2% in the early part of the fiscal year 2026, before accelerating again, and will roughly align with the 2% target in the latter half of the outlook period. He stated that the trend of wages and prices rising in sync has strengthened, and the exchange rate has an increasing impact on prices. To achieve the price stability target, the accommodative policy will be adjusted in a timely manner. If the economy and prices continue to improve, further increases in the interest rate will be considered.

Gate News Bot news, on December 1st, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently priced at 87322.22 USD, with a 4.05% fall in the last 24 hours, reaching a high of 92969.09 USD and a low of 85272.20 USD, with a 24-hour volume of 46.04 billion USD. The current market capitalization is approximately 1.74 trillion USD, a decrease of 735.61 million USD from yesterday. Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology, without a central authority or bank managing it; transaction management and the issuance of Bitcoin are conducted collectively by the network. Bitcoin is open-source; its design is public, no one owns or controls Bitcoin, and anyone can participate. Through its unique properties, Bitcoin allows

PANews reported on November 30 that the People's Bank of China recently held a meeting of the coordination mechanism for combating virtual money trading speculation. At this meeting, financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual money. Currently, they cannot effectively meet the requirements for customer identification, AML, and other aspects, and there is a risk of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. The meeting reiterated the need to continue cracking down on illegal financial activities related to virtual money. However, industry insiders believe that this meeting will not affect the layout of stablecoins in Hong Kong, but speculation on stablecoins in mainland China will be severely suppressed. Moreover, relevant entities in the mainland will see their scope for future stablecoin layouts in Hong Kong shrink significantly, being more limited to practical application scenarios such as cross-border payments and supply chain finance.

The National Bank of Kazakhstan is considering investing in encryption assets, with funding potentially reaching $300 million, but the specific scale has not yet been determined. The chairman stated that caution is needed to get on board, and the funds will come from forex reserves. The national-level encryption fund Alem Crypto Fund has completed its first investment.

ChainCatcher news, Swiss crypto bank Amina Bank has recently completed a pilot project using Distributed Ledger Technology (DLT) in collaboration with Crypto Finance Group and its partner banks through Google Cloud Universal Ledger: enabling fiat settlement between regulated banks in Switzerland, achieving near real-time, 24/7 availability. The pilot did not introduce any new digital money, but instead continued to use traditional commercial bank funds, demonstrating that DLT technology can seamlessly integrate with existing banking systems within the current regulatory and compliance framework. Officials stated that this achievement lays the foundation for future promotion of "cross-border payments," "multi-currency settlements," and "physical point of sale (POS) integrated payments," suggesting that the TradFi system may be on the verge of a transformation.

The phenomenon of cryptocurrency trading diversion is infiltrating mainstream platforms such as Xiaohongshu and Taobao. The content appears to be for sharing, but in fact, it guides users to participate in cryptocurrency trading. Industry insiders are calling for strengthened regulation and cooperation between platforms and users to address this chaos. The Central Bank will also continue to crack down on virtual money transactions.

Golden Finance reports that on November 28, 2025, the People's Bank of China held a coordination meeting to combat the speculation and trading of Virtual Money. The meeting emphasized that Virtual Money does not have the same legal status as legal tender, does not have legal compensation, and should not and cannot be circulated as money in the market. Activities related to Virtual Money are considered illegal financial activities. Stablecoins are a form of Virtual Money that currently cannot effectively meet customer identification, anti-money laundering, and other requirements, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. (People's Bank of China website)

ChainCatcher message, WeBank has partnered with Hong Kong Digital Bank Fusion Bank to utilize the Shenzhen-Hong Kong cross-border data verification platform, leveraging Blockchain technology to transform enterprises' operational data in the mainland into tamper-proof credit reports. Local banks in Hong Kong can issue unsecured loans based on these reports. It is reported that the first loan has been successfully distributed to a cross-border logistics company, representing that mainland data assets can be transformed into tangible liquidity in Hong Kong through technological means.

PANews, November 29 news, according to CCTV news, the Macro-Prudential Management Bureau of the People's Bank of China has recently issued a notice to fully support the search and rescue of personnel, medical treatment of the injured, and post-incident comfort work for the fire in Tai Po, Hong Kong, ensuring that donations received domestically are credited with zero latency. The People's Bank supports commercial banks in establishing a green channel for cross-border RMB donations. Commercial banks do not need to review document materials and can directly transfer donations to the Tai Po Hong Fu Yuan Assistance Fund account (01287521901607) based on payment instructions from domestic institutions or individuals, and ensure proper submission of RCPMIS data as required.