Search results for "CROSS"
11:02

VMS launches WLGC Global Free Finance Protocol

VMS Digital Asset Holdings has officially launched the WLGC Global Free Finance Protocol, a platform focused on real-world assets and cross-regional business cooperation. WLGC is supported by multiple global capital and ecosystem partners and will drive the real economy toward a more transparent and efficient era of execution.
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10:04

Stablecoins Surpass Bitcoin in Status? The Global Financial System May Face New Challenges

Stablecoins have surpassed Bitcoin to become an undeniable force in the global financial system. The circulating supply of stablecoins has exceeded $300 billion, with trading volumes surpassing $23 trillion in 2024, developing into a financial system running parallel to the US dollar. Although much of this volume comes from high-frequency trading on centralized exchanges, cross-border stablecoin transfers are becoming an important indicator reflecting the real economy and are expected to reach a historic high in 2025. The growth of stablecoins has exposed financial crises in several countries that rely on them. In emerging markets such as Nigeria, Argentina, and Turkey, stablecoins have become tools for economic survival. Due to exchange rate issues and foreign exchange controls, people in many countries have turned to stablecoins as a savings tool, especially in regions suffering from severe inflation. Their advantages include instant settlement, avoidance of traditional banking restrictions, and offering higher returns than domestic accounts.
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BTC-0.93%
07:03

Crypto lawyer praises Ripple's multi-chain strategy as RLUSD market cap surpasses $1.1 billion, boosting cross-chain demand.

Ripple's stablecoin RLUSD recently saw its market cap on Ethereum rise to around $1.1 billion, making it one of the fastest-growing cross-chain stablecoins. This breakthrough has attracted widespread attention in the crypto industry, with analysts believing that multi-chain deployment has become one of Ripple’s most important strategic decisions this year. Analyst Wendy O pointed out that deploying RLUSD on both Ethereum and the XRP Ledger (XRPL) is Ripple’s “smartest move,” as the crypto industry is moving toward a comprehensive multi-chain ecosystem. She believes that more and more projects will follow RLUSD’s approach to enhance the usability and cross-chain interoperability of their own assets.
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05:10

SKATE (Skate) up 21.04% in 24 hours

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SKATE (Skate) is currently priced at $0.01, up 21.04% in the past 24 hours, with a high of $0.03 and a low of $0.01. The 24-hour trading volume reached $2.42 million. The current market cap is approximately $2.92 million, an increase of $508,300 compared to yesterday. Skate is a cross-virtual machine interaction protocol that allows users to interact with applications from any virtual machine while remaining on their preferred virtual machine. The protocol supports multiple virtual machines such as EVM, TVM, and SVM, providing the ability for a single application to run cross-chain. Skate has already integrated with Ethereum, Solana, Aptos, Base, BNB Chain,
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SKATE-4.78%
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03:55

FIS (StaFi) up 14.55% in 24 hours

Gate News Bot message, December 08: According to CoinMarketCap data, as of press time, FIS (StaFi) is currently trading at $0.04, up 14.55% in 24 hours, with a high of $0.05 and a low of $0.03. The current market cap is approximately $4.84 million, an increase of $615,000 from yesterday. StaFi is a liquid staking platform dedicated to providing users with more flexible and efficient asset appreciation solutions through innovative staking mechanisms. Recent key updates on FIS: 1️⃣ **Ecosystem Application Expansion and Cross-Chain Layout** The StaFi platform has launched a tokenized lending market on the Avalanche public chain, working with partners to provide innovative financing solutions for small and medium-sized banks. This initiative expands the platform's application scenarios and enhances the ecosystem's practicality.
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FIS-3.55%
USDC0.03%
BTC-0.93%
02:24

Hyperliquid launches native USDC cross-chain support, HyperCore and HyperEVM officially integrated

Hyperliquid announces native interoperability of USDC between HyperCore and HyperEVM, which will eventually replace the Arbitrum cross-chain bridge. The related features are still being improved, and users can continue using the existing bridge without any adjustments. HyperCore supports one-click deposits from CCTP ecosystem chains, and support for other chains will be launched gradually.
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ARB-0.14%
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01:09

GLMR (Moonbeam) up 44.74% in 24 hours

According to Gate News Bot on December 8th, citing CoinMarketCap data, as of press time, GLMR (Moonbeam) is trading at $0.04, up 44.74% in 24 hours, with a high of $0.04 and a low of $0.02. The current market cap is approximately $40 million, an increase of $1.24 million from yesterday. GLMR is currently ranked #499 in global cryptocurrency market capitalization. Moonbeam is a cross-chain smart contract platform that provides entrepreneurs and developers with top-tier tools and support. Through its grant programs and accelerator, Moonbeam helps projects seamlessly scale their business and communities. As an entry point to Web3, Moonbeam simplifies the experience of integrating the metaverse into personal or professional projects, making it fast, simple, and reliable. Recent key GLMR news: 1️
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15:28

MiniDoge participates in Art Basel, connecting global art and crypto ecosystem collaborations

BlockBeats News, December 6 — Web3 ecosystem project MiniDoge is showcasing its curated NFT works at the global contemporary art event Art Basel Miami Beach (December 5 to 7) in Miami, USA, with the aim of exploring the crossover between Web3 and contemporary art. This year’s Art Basel has attracted 283 top galleries from 43 countries and regions, and is expected to draw over 80,000 global art collectors, venture capital institutions, and crypto industry leaders. As a global convergence point for Web3, AI, and art, Miami makes the event an important platform for cross-industry exchange. The NFT works that MiniDoge is exhibiting this time are centered around the integration of memes.
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09:11

Base-Solana bridge officially launched: Driving $9.15 billion on-chain economic interoperability

Layer-2 network Base has officially integrated with the Solana ecosystem, launching the Base-Solana bridge, which leverages Chainlink’s CCIP protocol to enable seamless cross-chain transfers of SOL and other Solana assets. This move transforms Base from an Ethereum-focused Layer-2 network into a major liquidity hub, greatly enhancing interoperability between the two ecosystems. The Base-Solana bridge ensures security through a multi-layer validation model, with Base’s backing CEX and Chainlink CCIP nodes acting as independent validators to verify all token transfer messages. This mechanism effectively safeguards cross-chain asset security. Johann Eid, Chief Business Officer of Chainlink Labs, stated that with Chainlink CCIP, Base is driving the industry toward a more reliable standard of interoperability.
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08:11

The EU plans to grant ESMA comprehensive regulatory powers similar to the SEC, potentially ushering in an era of unified rules for the crypto market.

The European Commission has officially proposed transferring the direct supervisory authority over all crypto-asset service providers (CASPs) from member states to the European Securities and Markets Authority (ESMA), making its role in crypto regulation more akin to that of the U.S. Securities and Exchange Commission (SEC). This reform aims to eliminate regulatory fragmentation among the 27 member states and establish a unified, efficient, and consistent cross-border regulatory framework for the EU crypto market. This legislative proposal was released nine months after the announcement of the Savings and Investment Union Strategy. The strategy emphasizes that, amid intensifying global capital competition and the continued expansion of U.S. financial markets, Europe needs to accelerate the integration of its capital markets. Regulatory centralization is seen as a key means to enhance cross-border efficiency.
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08:08

Woori Bank Takes the Lead in Displaying Bitcoin Prices in Trading Room, South Korean Banks Accelerate Embrace of Digital Assets

Woori Bank recently added a Bitcoin (BTC) price display to its main trading floor in Seoul, presenting this crypto asset alongside core financial indicators such as the KRW-USD exchange rate, government bond yields, and stock market indices. This makes it the first commercial bank in South Korea to integrate cryptocurrency market data into a frontline trading environment. Bank officials stated that Bitcoin now serves as an important “market sentiment indicator.” As digital assets gain greater influence in global financial markets, including them in traders’ daily monitoring helps provide a more comprehensive assessment of risk appetite and cross-market linkages. This move also reflects the accelerated advancement of digital asset infrastructure within South Korea’s banking system.
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BTC-0.93%
08:00

CLO (Yei Finance) is up 11.29% in 24 hours, with a market cap of approximately $51.4 million.

According to Gate News Bot, as of December 5, according to CoinMarketCap data, CLO (Yei Finance) is currently trading at $0.40, up 11.29% in 24 hours, with a high of $0.40 and a low of $0.32. The current market capitalization is approximately $51.4 million, an increase of $5.21 million compared to yesterday. Yei Finance is a multi-chain DeFi platform offering lending, trading, and cross-chain bridging services. Its main products include Pre-storage Vaults, YeiLend, and YeiSwap. Pre-storage Vaults allow users to make one-time deposits and earn yields across multiple chains. YeiLend provides a lending market where users can supply or borrow various tokens. YeiSwap is a decentralized exchange supporting token trading on the Sei chain. Yei Finance aims to provide users with a simple and efficient multi-chain DeFi experience.
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03:30

Caldera launches on-chain expansion plan, ERA token officially debuts on Arbitrum One

Caldera launches the "On-Chain Expansion Plan," extending the ERA token to more networks and liquidity venues. The first step is going live on Arbitrum One and creating an ERA/USDC liquidity pool. This plan will support second-level cross-chain transfers and a unified liquidity experience. In the future, deeper cross-chain liquidity initiatives will be developed.
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ERA-1.12%
USDC0.03%
03:04

MYX (MYX Finance) up 12.07% in 24 hours

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, MYX (MYX Finance) is trading at $3.43, up 12.07% in the past 24 hours, reaching a high of $3.96 and a low of $2.49, with a 24-hour trading volume of $40.3 million. The current market capitalization is approximately $757 million, an increase of $81.5 million compared to yesterday. MYX is a decentralized financial services trading platform that supports perpetual contract trading, cross-chain asset swaps, copy trading, and more. MYX provides services through smart contracts on multiple blockchains such as ARB, LINEA, and OPBNB, without offering asset custody—users manage their own assets. Users execute related on-chain transactions by interacting with smart contracts, and MYX does not directly participate in these transactions. Recent important news about MYX: 1
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14:54

Cross-border payment giant MoneyGram selects Fireblocks for its stablecoin settlement

PANews reported on December 4 that, according to The Block, Fireblocks will begin handling stablecoin settlements for global remittance service company MoneyGram. Michael Shaulov, co-founder and CEO of Fireblocks, stated in a release: “MoneyGram is rebuilding cross-border settlement rails in real time. By moving to multi-chain, programmable infrastructure, MoneyGram is fundamentally enhancing the speed and reliability of global payments.” MoneyGram is positioning itself as a strong supporter of blockchain payment rails. The company stated in a press release that its early investments in “on/off ramps for digital currency and crypto compliance infrastructure” have given it a “first-mover advantage.”
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13:01

Canton 已接入 Circle xReserve,支持存入 USDC 铸造 USDCx

Circle announced that its interoperability infrastructure, Circle xReserve, has been integrated with the Canton blockchain. Canton becomes the first connected blockchain, and the USDCx stablecoin is officially launched, enabling cross-chain liquidity and enhancing asset interoperability. Users can view real-time transaction data.
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08:14

Since Trump's victory, it has soared by 330%. What exactly is supporting the price of XRP?

Since Trump's election, the price of XRP has soared from $0.50 to $2.15, a rise of about 330%, marking its strongest performance since 2017. As the regulatory environment gradually shifts from SEC pressure to being more favorable, Ripple has once again become a market focus. But beyond the hype, what investors really care about is: does XRP actually have practical use? Currently, Ripple's cross-border payment network is its most core application scenario. The company has established over 300 financial partners in 45 countries, with related annual payment volumes reaching $15 billion. XRP already has large-scale applications in high-frequency remittance markets such as Japan, East Asia, the Philippines, and Latin America. Compared to traditional cross-border payments, XRP's advantages lie in low cost, borderlessness, and high speed, which can reduce reliance on traditional financial infrastructure.
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15:44

Stablecoin cross-border remittance company Fin raises $17 million in funding

According to Jinse Finance, stablecoin cross-border remittance company Fin announced the completion of a $17 million financing round, led by Pantera Capital with participation from Sequoia and Samsung Next. The company has not yet disclosed the valuation information for this round. Reportedly, the application developed by the company enables instant cross-border remittances, including large-value transfers, aiming to solve remittance challenges for users around the world.
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12:40

Circle native USDC and CCTP are now live on Starknet

Odaily Planet Daily News: According to official sources, Circle's native USDC and CCTP have launched on Starknet. Circle's integration enables Starknet to provide seamless cross-chain transfer infrastructure, institutional-grade settlement, and low-cost global payments.
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07:02

ASTER (Aster) up 8.26% in 24 hours

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, ASTER (Aster) is currently trading at $1.07, up 8.26% in the past 24 hours, reaching a high of $1.13 and a low of $0.88. The current market capitalization is approximately $2.541 billion, an increase of $194 million compared to yesterday. Aster is a next-generation decentralized perpetual contract exchange for all traders. It offers cross-chain trading functionality without the need for bridging or switching; simply select a chain and trade. Aster features deep liquidity pools to support large trades and provides advanced tools such as hidden orders. Both beginners and professionals can enjoy a smooth trading experience on Aster. Recent important ASTER news: 1️⃣ **Large purchases drive price increase**
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03:41

BOB (Build on Bitcoin) rose 63.62% in 24 hours, reaching a peak of $0.02.

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, BOB (Build on Bitcoin) is trading at $0.02, up 63.62% in 24 hours, with a high of $0.02 and a low of $0.01. BOB is the gateway to Bitcoin DeFi. BOB's hybrid chain combines Bitcoin’s unparalleled security with Ethereum’s versatility, unlocking real utility for the world's most important asset. BOB offers a one-stop Bitcoin DeFi platform that includes one-click yield, multi-chain BTC DeFi, native BTC enabled by BitVM, the BOB Gateway SDK, and cross-chain swaps. The BOB hybrid chain technology integrates Bitcoin’s security with Ethereum Virtual Machine compatibility, featuring ZK proofs, native BTC bridging, and decentralized finance capabilities.
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BTC-0.93%
ETH-0.31%
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02:35

The U.S. Department of Justice seizes domain names of Myanmar crypto scam rings as Southeast Asia cross-border crackdown escalates

This week, the U.S. Department of Justice (DOJ) seized the domain tickmilleas.com, which is linked to a large-scale cryptocurrency scam operation in Myanmar. This move demonstrates that the U.S. and international regulators are intensifying their crackdown on cross-border scam networks in Southeast Asia. The website, operated by the Tai Chang Group (also known as Casino Kosai) based in Kyauk Khet, posed as a legitimate trading platform, luring victims to deposit cryptocurrency and displaying fake returns. The DOJ noted that although the domain was only registered in November 2025, the FBI has confirmed that several victims have already been defrauded through the site in the past month, losing their investments. The scam group typically targets victims via social media, dating apps, and instant messaging platforms, establishing virtual intimate relationships before inducing them to make crypto investments through fraudulent platforms.
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03:55

Cardano plans to invest $30 million in building core infrastructure to inject critical Liquidity for Decentralized Finance development.

Cardano is planning to inject critical liquidity into its long-weak DeFi infrastructure through a fund worth approximately $30 million. According to a proposal submitted on November 27, Cardano aims to utilize 70 million ADA to introduce top stablecoins, accomplices, cross-chain bridges, pricing Oracle Machines, and institutional-level analytical tools to establish a real economic foundation for the network by 2026. This proposal is jointly promoted by Input Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation, showcasing an unprecedented collaboration within the ecosystem. The core goal behind it is clear: to fill the infrastructure gap that has affected Cardano's development over the years.
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ETH-0.31%
BTC-0.93%
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03:18

MAV (Maverick Protocol) rose 9.43% in the last 24 hours.

Gate News Bot news, on December 2, according to CoinMarketCap, as of the time of writing, MAV (Maverick Protocol) is currently priced at 0.03 USD, with a pump of 9.43% in the last 24 hours, reaching a high of 0.03 USD and a low of 0.03 USD, and a 24-hour volume of 11.7 million USD. The current market capitalization is approximately 22.9 million USD, an increase of nearly 1.98 million USD compared to yesterday. Maverick Protocol is a decentralized finance ( DeFi ) liquidity operating system that provides a one-stop liquidity solution for token projects, liquidity providers, and blockchain ecosystems, aimed at guiding efficient markets, optimizing liquidity, and reducing budget expenditures. This protocol introduces the first liquidity operating system in DeFi, designed to meet all users' cross-chain liquidity needs in one place.
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MAV-0.32%
02:49

The Taiyuan Procuratorate cracks down on Money Laundering cases involving Virtual Money, two "accomplices" sentenced.

ChainCatcher news, the Taiyuan City Wanbailin District Prosecutor's Office has recently successfully handled a case involving the use of Virtual Money to conceal and disguise criminal proceeds. The criminal suspects Chen and Li assisted fraudsters in transferring criminal proceeds of 1.47 million yuan through the method of "cash → USD → USD". The court adopted the sentencing recommendations from the prosecution, sentencing the two to two years and six months and one year and six months in prison, respectively, and imposing fines. This case reveals a new type of criminal method of "investment eyecatching + Virtual Money Money Laundering". The prosecution has joined relevant units to carry out anti-fraud publicity, reminding the public to be vigilant against such covert cross-border fund transfer crimes.
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12:26

Europol: Cross-border cooperation between Germany and Switzerland to seize the encryption mixer Cryptomixer

Odaily News The European Cybercrime Centre has stated that Germany and Switzerland have collaborated to shut down the crypto mixer Cryptomixer, which has "cleansed" over 1.4 billion dollars worth of Bitcoin since 2016. The operation took place in Switzerland, seizing three servers, 12TB of data, and over 27 million dollars in crypto assets. Cybercrime experts indicate that this crackdown will cause short-term disruption to criminal groups, but most will likely switch to other money laundering services within a few weeks. (Decrypt)
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BTC-0.93%
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11:36

Forbes: The crypto market is developing in a dual-track manner, with a hybrid model of CEX and DEX becoming mainstream.

According to ChainCatcher news and a report by Forbes, CEX's Spot and derivatives trading volume surged to $9.72 trillion in August, setting an annual record; the annual trading volume of major exchanges reached $80 trillion. The market is showing a dual-track development: CEX attracts institutions and retail investors with high liquidity, compliant frameworks, and user-friendly interfaces; DEX, on the other hand, achieves cross-chain trading and yields through smart contracts, with platforms like Hyperliquid gaining attention due to deep liquidity pools. Both modes have their challenges: CEX faces regulatory risks and single points of failure, while DEX must deal with smart contract vulnerabilities and complex user experiences. The future trend points towards a hybrid model: combining the speed and liquidity of CEX with the autonomy and innovation of DEX. Cross-chain interoperability, atomic swaps, and liquidity aggregators are eliminating ecological fragmentation, paving the way for mainstream adoption.
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07:30

VFY (zkVerify) rose 17.32% in the last 24 hours.

Gate News Bot news, on December 01, according to CoinMarketCap, as of the time of writing, VFY (zkVerify) is currently priced at 0.03 USD, with a rise of 17.32% in the last 24 hours, peaking at 0.04 USD and dropping to a low of 0.03 USD. The current market capitalization is approximately 10.7 million USD, an increase of 1.58 million USD compared to yesterday. zkVerify is a universal verification layer designed to provide ultra-fast and scalable cross-system verification solutions. The platform supports verification completion in under a second, with no delays or bottlenecks. zkVerify can be easily integrated into various ecosystems and proof schemes, minimizing complexity and infrastructure changes. It is also cost-effective, significantly reducing verification costs, regardless of scale. zkVerify's goal is to become the new standard of trust, enabling verification of any scale.
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05:38

FOLKS (Folks Finance) rose 17.18% in the last 24 hours

Gate News Bot news, on December 1st, according to CoinMarketCap data, FOLKS (Folks Finance) is currently priced at 11.05 USD, with a rise of 17.18% in the last 24 hours, reaching a high of 11.56 USD and a low of 8.68 USD. The current market capitalization is approximately 135 million USD, an increase of 19.8 million USD compared to yesterday. Folks Finance is a community-driven decentralized platform that provides permissionless DeFi tools for multiple networks. The platform offers a comprehensive suite of DeFi services, including cross-chain lending, liquidity staking, loan looping, and DEX routing. Folks Finance currently operates across multiple blockchains, such as Algorand and Avalanche, aiming to provide users with a convenient cross-chain DeFi experience. FO
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05:05

XRP (XRP) fell 7.58% in the last 24 hours

Gate News Bot news, on December 1st, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.03, falling 7.58% in the last 24 hours, with a high of $2.26 and a low of $2.03. The 24-hour volume reached $3.414 billion. The current market capitalization is approximately $122.636 billion, a decrease of about $10.054 billion compared to yesterday. The XRP Ledger (XRPL) is a decentralized public blockchain led by a community of global enterprises and developers, aimed at solving problems and creating value. With over 10 years of error-free operation, XRPL offers simplified development, low transaction costs, high performance, and sustainability. It is open source, allowing anyone to build on it, and is maintained by the community. XRPL features a decentralized exchange, cross
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XRP-0.23%
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13:52

Beijing Business Today: The People's Bank of China has defined stablecoin for the first time, and industry analysis suggests it will not affect Hong Kong's stablecoin-related layout.

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.
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03:36

Swiss encryption bank Amina Bank has completed DLT settlement testing conducted through Google Cloud.

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.
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14:44

The first cross-border data service center in downtown Shanghai was inaugurated.

The first data cross-border service center in the central urban area of Shanghai was inaugurated in Jing'an District on November 29, marking an important progress for Shanghai in the field of cross-border data flow, aiming to provide compliance support for enterprises and promote the construction of the district-level cybersecurity system.
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07:19

Swedish payment giant Klarna's first stablecoin KlarnaUSD has been launched ahead of schedule.

Odaily News Recently, Swedish payment giant Klarna officially announced the early launch of its first stablecoin KlarnaUSD on the Tempo Blockchain supported by Paradigm and Stripe, which was originally planned to be launched in 2026. According to its statement, the annual transaction volume of the stablecoin has reached 27 trillion USD, and Klarna will subsequently provide faster and cheaper cross-border payments for 114 million customers. The large-scale adoption of crypto assets is timely, and this is just the beginning. It is understood that Klarna annual
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06:35

The meeting for coordinating efforts to combat speculation in virtual money trading has been convened.

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)
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05:06

WeBank and Fubon Bank validate credit reports using Blockchain data in the Hong Kong area and distribute the first unsecured loan.

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.
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03:24

To support disaster relief in Hong Kong, the Central Bank supports commercial banks in establishing a cross-border RMB donation green channel.

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.
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17:57

The UK will strictly investigate the taxation of encryption assets, and exchanges must report all user data starting in 2026.

Golden Finance reported that the UK's HM Revenue and Customs (HMRC) has issued new regulations requiring all cryptocurrency exchanges operating in the UK to collect and retain complete user transaction records starting from January 1, 2026, and to report this data in full to HMRC by 2027, for the purpose of cross-referencing tax information and combating tax evasion related to Crypto Assets. UK tax experts warn that Crypto Asset users must organize their tax affairs by the end of 2026 to avoid potential sanctions.
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12:16

Viewpoint: XRP may play a key role in Japan's $4.5 trillion Reverse arbitrage trading.

American model Bri Tracy recently explored the role that XRP might play in the reverse yen arbitrage trading in Japan, which amounts to a staggering $4.5 trillion. Tracy pointed out that XRP has fast and programmable settlement capabilities that meet the needs of modern financial infrastructure. She emphasized that the bank for international settlements (BIS) recommends effective settlement of assets to be turned over 8 to 10 times daily to ensure liquidity, while the turnover speed of XRP far exceeds this standard. Japan's SBI Remit has already started using XRP for fast cross-border settlements. Reverse arbitrage trading refers to investors borrowing funds in low interest rate countries and investing in high-yield assets to obtain differential returns. Japan has long maintained a low interest rate, even negative interest rate environment, giving rise to a large-scale yen arbitrage trading. According to data from the Japanese Ministry of Finance, the trading scale is approximately 4.2 trillion to 4.5 trillion USD. After the Bank of Japan ended negative interest rates and raised the benchmark rate in March 2024, some arbitrage trades triggered reverse operations, with about 40% of trades closed and the remaining 60% still ongoing.
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12:10

XRP buying pressure surged by 1000% in a week, can the key resistance level be突破?

Since November 21, XRP has risen nearly 26%, but the price is hovering in a key range, with a relatively mild pump. Recently, buying pressure on the exchange has surged, while the price fall has failed to break through the support level, indicating limited selling momentum. XRP is still below the key resistance level since mid-November. If it breaks through that resistance level, the trend may reverse. The price is currently fluctuating within a descending wedge, which is usually a bullish signal. Once the buying power strengthens, the price is expected to break upward. Since November 25, the lower boundary of $2.14 has absorbed all selling attempts, and even with the 100-day and 200-day EMA completing a death cross, the price has not fallen below the support.
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12:09

TRON has released the pre-release version of java-tron v4.8.1 (Democritus), and the mandatory upgrade for the Nile Testnet has officially begun.

ChainCatcher news, TRON officially announced that the java-tron v4.8.1 pre-release version has been officially launched on the Nile Testnet and is a mandatory upgrade version, calling on all Nile nodes to complete the update as soon as possible. This upgrade covers multiple key modules, including the consensus core, virtual machine, network, event service, and API, aiming to further enhance the overall capabilities of the TRON network in terms of performance, security, and cross-architecture compatibility. According to the official website of the Nile Testnet, this upgrade has significantly improved the performance of the TRON network in terms of architectural compatibility, virtual machine security, network stability, event and API query capabilities, and development toolchain: new support for ARM architecture, introduction of TIP-6780 to adjust the SELFDESTRUCT instruction, and for P2P.
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TRX-1.55%
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11:40

Cobo donated 1 million HKD and activated a Blockchain Wallet to support the Tai Po fire rescue.

PANews, November 28 – Cobo announced a donation of 1 million HKD equivalent in stablecoin for fire rescue and community rebuilding in Tai Po, Hong Kong. They are collaborating with the Hong Kong Red Cross to launch a dedicated "Compliance Blockchain Charity Wallet" to ensure that the donations are publicly transparent and traceable throughout the process. The wallet is now open to the public, allowing individuals to transfer donations directly to it, with all funds being used for the related rescue efforts. Cobo stated that they will continue to follow the flow of donations and the progress of post-disaster rebuilding, and are willing to provide free technical support to charitable foundations in need of blockchain donation channels.
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09:31

ASTR (Astar) rose 8.11% in the last 24 hours.

Gate News Bot report, on November 28, according to CoinMarketCap data, ASTR (Astar) is currently priced at 0.01 USD, having risen 8.11% in the last 24 hours, with a high of 0.01 USD and a low of 0.01 USD. The current market capitalization is approximately 118 million USD, an increase of 8.8 million USD compared to yesterday. Important news about ASTR recently: 1️⃣ **Astar ecosystem continues to expand** Astar Network, as an important project within the Polkadot ecosystem, has recently made significant progress in cross-chain interoperability and smart contract functionality. Its WebAssembly-based smart contract platform has attracted more developers, driving an increase in network activity. 2️⃣ **DeFi application rise drives demand** Decentralized on Astar
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ASTR-0.31%
DOT-0.32%
09:27

MITO (Mitosis) rose 12.54% in the last 24 hours.

Gate News Bot news, on November 28, according to CoinMarketCap data, as of the time of writing, MITO (Mitosis) is currently priced at 0.10 USD, with a rise of 12.54% in the last 24 hours, peaking at 0.10 USD and dropping to a low of 0.07 USD. The current market capitalization is approximately 185,000 USD, an increase of nearly 20,700 USD compared to yesterday. Recent important news about MITO: 1️⃣ **Mitosis ecosystem continues to expand** The Mitosis project has made significant progress in the DeFi sector by introducing new liquidity mining programs and cross-chain bridging features, which have significantly enhanced the ecosystem's interoperability and user participation. These initiatives have effectively stimulated the demand for MIT tokens, becoming one of the main factors driving the rise in price. 2️⃣ **Technology upgrade to optimize network performance**
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MITO-2.07%
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07:25

Bitcoin and S&P 500 volatility move down in sync, potentially ushering in a cross-asset bull run by the end of the year.

The volatility indicators of Bitcoin and the S&P 500 index are synchronously declining. Against the backdrop of soaring expectations for a Fed rate cut in December, market panic sentiment is rapidly cooling, and we may see a cross-asset coordinated pump before the end of the year. The Volmex 30-day Bitcoin Implied Volatility Index (BVIV) based on options has retreated from nearly 65% last week to an annualized 51%, following a spike in the index coinciding with Bitcoin's sharp drop from $96,000 to $80,000. Deribit's DVOL has shown a similar trend, reflecting a significant cooling of volatility.
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BTC-0.93%
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