• Bitcoin price showed fresh weakness as bulls revisited support below $90,000.
• The top coin dropped despite the US Federal Reserve’s interest rate decision.
• Oracle stock was down 11% in premarket trading amid AI trade jitters.

Bitcoin price failed to rally on Wednesday as the US Federal Reserve cut its interest rate, and showed weakness on Thursday as it fell to under $90,000.

The dip in BTC price reflected across cryptocurrencies, with major coins also tumbling to key levels amid fresh sell-off jitters.

While the top digital asset remains near the critical level as of writing on December 11, 2025, risk assets are broadly weak on signs of turbulence in technology stocks.

Oracle’s shares tumbled after the company’s miss in its profit and revenue forecast.

Why did the Bitcoin price fall today?

Bitcoin hovered around $90,379 at the time of writing, down 2.4% in the past 24 hours.

The bellwether crypto asset nonetheless traded off its intraday lows of $89,458. Losses came amid a 9% uptick in daily volume to over $70 billion.

While stocks saw gains after the Fed’s rate cut, a premarket dump for Oracle pulled other AI stocks down and signalled fresh losses likely to encourage Wall Street bears.

In premarket trading, CNBC highlighted that Oracle shares plummeted by more than 11%.

This cascaded across AI-related peers, with Nvidia down nearly 2% and Micron 1.4% at the time. Microsoft, cloud company Coreweave and AMD also traded negatively.

This outlook, even tougher on crypto, pushed BTC lower.

Ethereum, XRP and Solana all shed gains as the market continued to reel from the crash and sentiment flip that followed the October 10, 2025 bloodbath.

CryptoQuant analysts say short-term holders dominate the count, still hovering in the “Pain Zone”.

“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones,” an analyst at CryptoQuant noted.

BTC Short-Term Holders are Still in a Pain Zone

“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones.” – By @IT_Tech_PL pic.twitter.com/bw39CfxGh6

— CryptoQuant.com (@cryptoquant_com) December 11, 2025

Standard Chartered cuts BTC forecast for 2025

A lack of momentum since dipping below $100,000 has analysts recalibrating their end-of-year forecasts.

Standard Chartered,for instance, said earlier this week that it was cutting its 2025 BTC price prediction from $200k to $100k.

Geoff Kendrick, the global head of digital assets research at the banking giant, pointed to the slowdown in buying by Bitcoin treasury companies as a factor.

According to the analyst, bulls may now have only one key price driver- the spot exchange-traded funds space.

The post Bitcoin slips under $90K after Oracle’s shock earnings miss sparks AI stock sell-off appeared first on CoinJournal.

• Bhutan launches TER, a gold-backed crypto on the Solana blockchain.
• TER links physical gold to digital assets, boosting investor access globally.
• DK Bank is responsible for distributing TER, with Matrixdock handling token infrastructure.

Bhutan has made a striking move in the world of digital finance by launching TER, a gold-backed cryptocurrency built on the Solana blockchain.

The token, introduced through the Gelephu Mindfulness City (GMC), a special administrative region designed to attract global investment, represents a novel approach to bridging traditional asset security with blockchain technology.

Each TER token corresponds to a fixed amount of physical gold held in institutional custody, giving investors a regulated and transparent way to own gold digitally.

Gold meets blockchain in Bhutan

The TER token is distributed and custodied exclusively by DK Bank, Bhutan’s first licensed digital financial institution regulated by the Royal Monetary Authority.

The tokenisation infrastructure is provided by Matrixdock, a digital asset platform licensed under the GMC authority.

During the initial phase, investors can acquire TER directly through DK Bank, with all assets securely held in institutional custody.

Bhutan’s authorities have emphasised that TER combines the familiarity of traditional gold investment with the advantages of blockchain, including instant settlement, on-chain verification, and global transferability.

Gelephu Mindfulness City’s design allows for regulatory flexibility, enabling the launch of such digital assets under a sovereign-backed framework while remaining aligned with the nation’s core principles of transparency, sustainability, and long-term stewardship.

The initiative also underscores Bhutan’s goal of creating a digitally focused financial ecosystem, attracting international investors, and providing a city-level pilot for responsibly integrating crypto into the national economy.

Bhutan’s planned embrace of blockchain technology

TER is part of Bhutan’s broader and carefully planned embrace of blockchain technology.

The kingdom began Bitcoin mining operations in 2019, powered by its abundant hydroelectric resources, and has accumulated 5,984 BTC valued at more than $536 million, ranking it as the seventh-largest sovereign Bitcoin holder worldwide.

In addition to Bitcoin, GMC has announced plans to hold Ethereum and Binance Coin as part of its strategic reserves.

Bhutan has also partnered with Ripple to pilot a Central Bank Digital Currency, aiming to test a digital version of the national currency, the Ngultrum.

Beyond its crypto reserves, Bhutan has integrated blockchain into practical applications, such as its national digital identity system, which has been migrated to the Ethereum blockchain.

This makes Bhutan the first country to anchor a population-scale ID system on a public blockchain, providing more than 800,000 citizens with cryptographically verifiable credentials by early 2026.

Additionally, partnerships with Binance Pay have enabled the use of cryptocurrencies in the tourism sector, supporting over 100 digital currencies across more than 100 local merchants.

Setting a regional precedent

Bhutan’s TER token not only represents a leap in integrating blockchain with traditional finance but also reflects a strategic vision for sustainable economic innovation.

By connecting physical gold to digital assets within a regulated framework, the kingdom demonstrates how small nations can experiment with technology-driven financial models while preserving sovereignty and cultural values.

This development positions Bhutan as a pioneer in the use of blockchain for real-world asset tokenisation, potentially serving as a model for other countries seeking to modernise their financial ecosystems.

Notably, the launch of TER comes shortly after Kyrgyzstan unveiled USDKG, a gold-backed stablecoin pegged to the US dollar with an initial issuance of $50 million.

These initiatives highlight a growing regional trend where smaller nations are experimenting with state-backed digital assets tied to tangible reserves.

The post The Kingdom of Bhutan launches a gold-backed crypto on Solana appeared first on CoinJournal.

• MEXC lists Cysic (CYS) with zero-fee trading and launches a 75,000 USDT Airdrop+ event.
• Cysic builds ComputeFi infrastructure using ZK tech and tokenized compute markets.
• CYS trading pairs go live Dec 11, offering fee waivers and user rewards through Dec 18.

Victoria, Seychelles, December 11, 2025 – MEXC, the world’s fastest-growing digital asset exchange and a pioneer of true zero-fee trading, announced the listing of Cysic (CYS) in its Innovation Zone.

Trading for the CYS/USDT pair opens on December 11, 2025, at 10:00 (UTC), followed by CYS/USDC at 10:20 (UTC).

To celebrate the listing, MEXC offers zero-fee trading alongside an Airdrop+ event with 75,000 USDT in rewards.

Cysic develops ComputeFi infrastructure designed to convert computing power into verifiable digital assets on blockchain networks.

The platform combines hardware acceleration, zero-knowledge proof technology, and tokenized compute markets to create an accessible network where users and developers can tap into global computational resources.

CYS functions as the network’s utility token, coordinating incentives among participants, including compute providers, users, and governance members.

The token supports the platform’s goal of expanding access to decentralized computing infrastructure. CYS has a total supply of 1,000,000,000 tokens.

Zero-fee trading promotion

MEXC waives trading fees on CYS spot trading pairs starting December 11, 2025, at 10:00 (UTC):

• CYS/USDT: Zero fees until December 25, 2025, at 16:00 (UTC)
• CYS/USDC: Permanent zero fees until further notice

Cysic (CYS) airdrop+ event

The Cysic (CYS) Airdrop+ event runs from December 11, 2025, at 10:00 to December 18, 2025, at 10:00 (UTC) and includes the following benefits:

• Benefit 1: Deposit and trade CYS to enter the lucky draw and share 50,000 USDT.
• Benefit 2: Complete 25 lucky draws to win an additional 25,000 USDT in futures bonuses.

MEXC provides users with rapid token listings, access to over 3,000 trending tokens, daily airdrop opportunities, competitive fee structures, deep market liquidity, and robust security measures.

These features combine to deliver a secure, efficient, and diversified trading environment for the global crypto community.

For full event details, please visit the official announcement.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees.

Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

Source

The post MEXC lists Cysic (CYS) with zero-fee trading and 75,000 USDT airdrop+ rewards appeared first on CoinJournal.

• Solana and BSC AI memecoins led HTX’s weekly surge as liquidity returned to high-beta sectors.
• PIPPIN, FHE, and other volatile tokens posted triple-digit gains amid renewed risk appetite.
• Terra’s LUNC, USTC, and LUNA staged a surprise rebound, reinforcing the week’s speculative sentiment.

Panama City, December 11, 2025 – From December 1 to December 7, market sentiment on HTX turned sharply higher, driven by a combination of macro volatility and renewed risk appetite.

A wave of high-beta assets on this global leading exchange posted outsized gains, with Solana- and BSC-based AI meme coins leading a broad rebound.

PIPPIN, FHE, and other high-volatility names significantly outperformed with a dead-cat bounce, while long-dormant “bankrupt” assets saw a surprise rotation amid renewed discussion around Terraform founder Do Kwon.

Below is a recap of the week’s standout performers on HTX.

SOL memecoin sector extends leadership as liquidity returns to the chain

Solana ecosystem remained the epicenter of the high-volatility narrative, with capital flows finding their most attractive destinations in AI and memecoin assets.

The narrative continues to attract short-term speculative capital, and Solana once again proved to be one of the most efficient incubators for high-elasticity assets.

• PIPPIN (Pippin): +150%, as the strongest performer of the week. PIPPIN is an SVG unicorn generated using the latest LLM benchmarks on ChatGPT 4o. It is created by Yohei Nakajima, a recognized innovator and thought leader in the AI VC field, with Jeff Bezos and Marc Andreessen often referenced as peers in influence.
• FARTCOIN (Fartcoin): +37%. The token is a memecoin inspired by the AI chatbot Truth Terminal.
• MOODENG (Moo Deng): + 32%, benefiting from a Solana ecosystem-wide spillover.After chasing AI-themed memecoins, market participants are now expanding their focus to include the traditional memecoin sector.

BSC AI tokens continue building momentum

The BSC AI sector delivered similarly strong performance, supported by a structural trend favoring technical narratives, asset-light strategies, and high community engagement.

This combination has made BSC one of the more fertile environments for short-term liquidity resonance.

This week’s gains underscore that capital remains eager to hunt for high-beta opportunities within the “low-barrier, strong-narrative” sectors.

• FHE (Mind Network): +135%, earning the second-highest increase among all tracked assets. The project is driving development of the next-generation zero-trust transmission protocol, HTTPZ. Ongoing discussion around homomorphic encryption and on-chain data security amplified market interest.
• SKYAI: +65%, as BSC’s small-cap AI tokens continued their growth pattern. Currently, SKYAI already supports aggregated datasets from both BSC and Solana, totaling over 10 billion lines of data.
• B (BUILDon): +46%. BUILDon is a hybrid Layer 2 solution leveraging Bitcoin’s security model alongside EVM compatibility to streamline decentralized application development.

“Bankrupt” tokens make an unexpected weekend rebound

The most surprising bounce-back came over the weekend as the long-inactive sector abruptly staged a strong recovery. The Terra ecosystem – LUNC, USTC and LUNA – led the rebound.

• LUNC (Terra Classic): +104%, topping the gainers of the category. Terra Classic (LUNC) is the original native cryptocurrency of the Terra blockchain. It is rebranded to Terra Classic following the collapse of the Terra stablecoin (UST) and the network fork in May 2022, distinguishing it from the new Terra blockchain (LUNA 2.0). The twin catalysts of “reorganization expectations” and “historical sentiment” from the community have once again become the asset engine.
• USTC (Terra Classic USD): +56%, moving in tandem with LUNC. USTC is a decentralized algorithmic stablecoin pegged to the US dollar.
• LUNA (Terra): +52%, as a continuation of the sector’s recovery. Despite the eye-catching gains, market participants continue to emphasize that these assets remain driven largely by nostalgia-based trading and carry exceptionally high volatility and risk.

AI memecoin and Terra ecosystem drive risk-on rebound

Overall, the week marked a textbook return of “speculative season.” Solana and BSC’s AI memecoins delivered outsized performance, while the unexpected surge in the Terra ecosystem added a second driver for short-term risk appetite.

The performance of HTX’s listings reflected rapid sector rotation and high elasticity.

As multiple narratives continue to rise simultaneously, HTX remains committed to leveraging its global platform resources and rapid listing responsiveness to capture emerging wealth-creation opportunities early.

The platform will continue expanding high-quality listings at speed, supporting traders as the market enters the next phase of momentum-driven growth.

About HTX

Founded in 2013, HTX (formerly Huobi) has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services.

Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

The post HTX hot listings weekly recap (Dec 1-7): PIPPIN surges 150% and “bankrupt” assets stage a weekend comeback appeared first on CoinJournal.

• Norway pauses CBDC plans, saying its current payment system remains secure and efficient.
• Central bank will keep studying retail and wholesale CBDCs as payment habits evolve.
• Norges Bank shifts focus to tokenisation tests while monitoring global digital-currency moves.

Norway has decided that its payment system works well enough without introducing a central bank digital currency right now, even after several years of research into the idea.

The decision reflects how stable and efficient the country’s existing infrastructure has remained, despite Norway being one of the world’s most cash-light economies.

It also shows that the priority for the central bank is making sure payments keep functioning securely rather than rushing to release a digital krone before it is needed.

Norges Bank announced on Wednesday that a CBDC is not necessary at this stage, following a broad assessment of how a digital version of the krone might support payment security and efficiency.

Cash use in Norway has continued to fall to some of the lowest levels globally, which had intensified discussions about whether the country required a digital option to keep the national currency attractive for consumers, banks and merchants.

The central bank said the current system offers stable operations, fast settlement, low economic costs, and strong contingency arrangements.

It also noted that several projects are already in place to strengthen these backup systems further.

Decision timing

The central bank made clear that its decision is not permanent and that the question could return as payment habits evolve.

Norges Bank said it wants to be ready to introduce a digital krone if it becomes necessary to maintain a secure and efficient system.

The bank continues to distinguish between two main CBDC models.

A retail CBDC would act as a widely accessible means of payment, similar to physical cash or bank deposits.

A wholesale CBDC would be designed only for financial institutions and would allow interbank transactions through tokenised units recorded in a digital ledger based on blockchain technology.

CBDC types

This distinction has shaped much of Norway’s work so far.

A retail model would give everyday users direct access to central bank money in digital form, while a wholesale model would mirror existing deposits at the central bank using tokenised units.

Both versions remain under study as part of Norway’s broader assessment of future payment needs.

The country’s low reliance on cash had previously added urgency to these evaluations.

Yet Norges Bank concluded that keeping the existing system strong and reliable is the immediate priority, with a CBDC being considered only if payment risks or gaps emerge down the road.

Tokenisation tests

Although Norway is pausing on a digital krone, it is increasing its focus on tokenisation.

The bank said token-based systems can improve efficiency, enable innovation and reduce settlement risk.

It also warned that uncertainty remains about how widely tokenisation will be used and what kinds of risks may appear as the technology grows.

Norges Bank plans to continue practical experiments in collaboration with industry players to understand how tokenised solutions function in real transactions.

These tests are part of a broader strategy to prepare for future developments in digital finance, even without committing to a CBDC at this stage.

The central bank will publish a detailed report on its CBDC research in the first quarter of next year.

This will outline the work completed so far, its next steps, and how it plans to monitor progress in other regions.

Norway is watching international projects closely, including the Eurosystem’s work on a possible digital euro and emerging global standards that may support shared CBDC systems in the future.

The post Norway decides not to pursue digital currency for now appeared first on CoinJournal.

• Satoshi Nakamoto statue arrives at NYSE, marking crypto’s growing Wall Street acceptance.
• Artwork joins global series as Bitcoin’s history and mainstream adoption gain symbolic recognition.
• Institutional embrace of Bitcoin accelerates as public entities hold over 3.7M BTC.

The New York Stock Exchange has become the latest home for Valentina Picozzi’s “disappearing” Satoshi Nakamoto statue, signalling how far digital assets have travelled since the time when crypto was treated as unwelcome on Wall Street.

The arrival of the piece was announced in an X post on Wednesday, positioning the NYSE as shared ground for traditional finance and emerging decentralised systems.

The installation also aligns with the anniversary of the Bitcoin mailing list, launched on 10 December 2008, adding symbolic weight to a moment that highlights Bitcoin’s shift from niche idea to mainstream fixture.

NYSE installation

The statue was brought to the NYSE by Bitcoin company Twenty One Capital, which began trading this week.

The artwork itself is by Picozzi, who has been developing her “disappearing” Satoshi series under her Satoshigallery handle.

The New York installation is the sixth piece in a global project she plans to expand to 21 locations.

Her post on X described the placement at such a prominent financial centre as a milestone for the ongoing series.

The display at the NYSE contrasts sharply with the period when crypto was considered taboo across Wall Street.

Bitcoin’s long path

The statue’s arrival coincides with a key date in Bitcoin’s history, falling close to the anniversary of the Bitcoin mailing list launched by Satoshi Nakamoto on 10 December 2008.

Nakamoto mined the genesis block on 3 January 2009, creating the first 50 Bitcoins and setting the foundation for the wider industry.

More than a year after that, on 22 May 2010, Laszlo Hanyecz made the first documented Bitcoin purchase, spending 10,000 Bitcoin to buy two Papa John’s pizzas.

In the years that followed, the asset faced significant resistance.

Institutions and banks kept their distance, and governments attempted to restrict crypto activity through actions widely described as part of Operation Chokepoint 2.0.

Even high-profile sceptics in global finance dismissed the technology before eventually revising their positions.

Institutional shift

The landscape began to change when major financial figures, such as BlackRock’s Larry Fink, shifted from doubt to active interest.

Wall Street institutions moved quickly, increasing participation through exchange-traded funds and direct Bitcoin purchases for corporate treasuries.

Public companies, private companies, countries, and ETFs now hold more than 3.7 million Bitcoin collectively, according to Bitbo.

The total value exceeds 336 billion dollars, showing how deeply Bitcoin has entered mainstream portfolios.

Against this backdrop, the installation at the NYSE serves as a visible marker of how crypto has become integrated into financial culture instead of remaining an outsider technology.

Global statue project

Picozzi’s work has taken the Nakamoto figure to five other locations: Switzerland, El Salvador, Japan, Vietnam, and Miami, Florida.

The collection is intended to reach 21 statues worldwide, a nod to Bitcoin’s capped supply of 21 million tokens.

Her design centres on the idea of disappearance, with the figure positioned as if fading into its surroundings.

The artwork depicts Nakamoto as a hacker in a familiar seated pose, laptop open, representing both the anonymity of Bitcoin’s creator and the programmers who built the broader ecosystem.

The NYSE installation marks the latest step in Picozzi’s effort to trace Bitcoin’s cultural footprint through public art, linking major global locations with the technology’s origins and evolution.

The post Satoshi Nakamoto statue arrives at NYSE in major crypto culture shift appeared first on CoinJournal.

• SEI token, native to the high-performance layer-1 blockchain network Sei, climbed on December 10, 2025.
• This came amid news of a strategic partnership with Xiaomi Corporation.
• One of the world’s leading smartphone manufacturers will integrate the Sei crypto wallet.

The market reaction to the news could see the token jump to highs last seen in early November.

Sei announces partnership with Xiaomi

Sei Labs, the development team behind the Sei blockchain, officially announced its huge collaboration with Xiaomi on December 10, 2025.

Xiaomi is one of the world’s largest smartphone makers, and Sei’s deal looks to tap into this to bring crypto to users.

A new era of mobile finance is coming to Xiaomi's global user base.

A next-gen finance app powered by Sei and designed for stablecoin payments, will be integrated into the Xiaomi mobile ecosystem, coming pre-installed on new devices.

Money made instant — built into your phone. pic.twitter.com/75ly01AHB3

— Sei (@SeiNetwork) December 10, 2025

The two companies eye adoption via an everyday consumer device, specifically through a next-generation crypto wallet and discovery app.

Per details, the integration will feature a pre-installed crypto wallet on all new Xiaomi smartphones. The first target is for devices distributed outside mainland China and the United States.

As such, initial rollout targets Xiaomi’s formidable global footprint across Europe, Latin America, Southeast Asia, and Africa.

The regions boost notable crypto traction and Sei wants to build on this. Xiaomi’s presence accounts for over 36% of the smartphone market in Greece and over 24% in India.

The smartphone sold over 168 million devices in 2024, accounting for 13% of the global market share.

The integration via a pre-installed wallet will allow for effortless onboarding, with support available for Google or Xiaomi account credentials.

As well as decentralized applications (dApps), the partnership targets peer-to-peer transfers and consumer-to-business transactions.

Sei and Xiaomi plan to enable stablecoin transactions, leveraging assets like USDC natively on the Sei network.

Stablecoin payments will roll out starting in Hong Kong and the European Union by the second quarter of 2026.

“This collaboration with Xiaomi represents a watershed moment for blockchain adoption,” said Jeff Feng, co-founder of Sei Labs. “By embedding Sei’s high-performance infrastructure directly into one of the world’s most popular smartphone ecosystems, we’re not just solving the onboarding problem—we’re reimagining how billions of users will interact with digital assets in their daily lives.”

Why is this big for SEI?

To further catalyze innovation, Sei has committed $5 million to a Global Mobile Innovation Program.

This initiative will fund developers and startups building real-world blockchain applications tailored for consumer devices, fostering a broader ecosystem around mobile-centric web3 solutions.

But for Sei, the partnership with Xiaomi transcends mere distribution.

Xiaomi’s traction and the pre-installation of the Sei app could onboard tens of millions of new users annually.

Other than dramatically expanding Sei’s wallet base in emerging markets, it positions SEI at the forefront of real-world utility.

SEi’s price gains mirror this sentiment.

The post SEI soars on Xiaomi deal for pre-installed crypto wallets appeared first on CoinJournal.

• Folks Finance to launch xChain V2 in H1 2026 with $10M in incentives for crosschain lending users.
• V2 upgrade brings simpler crosschain DeFi, new strategy vaults, and EVM + non-EVM support.
• Mobile app integration to enable debit-card borrowing while keeping collateral exposure.

Singapore, December 10, 2025 – Folks Finance, the leading crosschain lending protocol backed by Coinbase Ventures, Jump, ParaFi, and Borderless Capital, is entering its next development phase with the release of xChain V2, scheduled for H1 2026.

To support the rollout, Folks Finance will allocate 1 million FOLKS (valued at ~$10M at the time of publishing) toward incentives to fuel unified crosschain pools and efficient strategy vaults, rewarding users who explore the upgraded system as it scales toward a $1 billion TVL target.

V2 builds on the success of the FOLKS token launch and the first iteration of true crosschain lending with xChain, taking the model to a much wider audience by removing the complexity traditionally tied to crosschain DeFi.

The upgrade brings higher efficiency, support for both EVM and non-EVM ecosystems, and new vault-based crosschain loans that enable curated, crosschain yield strategies from a single interface.

As part of this vision, xChain V2 will also connect with the upcoming Folks Mobile app to enable debit-card-based borrowing: users can borrow against their collateral, keep their exposure and yield, and spend the borrowed balance directly in the real world.

The goal is simple: turn advanced DeFi mechanics into tools anyone can use, both onchain and in everyday life.

The FOLKS token will also expand its utility alongside the V2 launch, with further details to be shared as development progresses.

xChain V2 is currently in active development. With over a year as the leading crosschain lending protocol on mainnet and extensive market experience across eight chains, Folks Finance is positioned to deliver one of the most advanced upgrades in the sector.

More updates, previews, and technical details will be shared across official channels as xChain V2 approaches launch.

About Folks Finance

Folks Finance offers crosschain lending, borrowing, staking and trading across multiple blockchain networks, combining the security and optionality of traditional finance with the transparency and decentralization of DeFi, powered by crypto technology.

Official links
Website: https://folks.finance
X: https://x.com/FolksFinance
Discord: https://discord.com/invite/folksfinance
Telegram: https://t.me/FolksfinanceOfficial/

Media contact
Ibu Karel
CMO
info@folks.finance

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• Vietnam and Hong Kong enter the global top 10.
• Six Asia-Pacific markets appear in the top 20.
• Tokenisation rises 63% to more than 25.7 billion dollars.

Singapore’s rise to the top of global crypto adoption signals a broader shift in how digital assets are becoming embedded across the Asia-Pacific.

A new index published on Tuesday by Bybit and DL Research shows the region gaining influence as regulatory clarity, retail participation and new blockchain use cases reshape where innovation is happening.

The findings also reveal that real-world asset tokenisation, local stablecoins and crypto payrolls are now spreading through markets that have traditionally relied on conventional financial systems, placing Asia-Pacific at the centre of the industry’s next phase.

Regional leadership intensifies

The World Crypto Rankings assessed 79 countries using 28 metrics and 92 data points that examined regulation, institutional readiness and levels of user engagement.

Singapore secured the top position, overtaking the US, which has fallen in the latest edition.

Lithuania, Switzerland and the UAE completed the upper tier of the list, marking a shift from the Western-heavy rankings seen in earlier years.

Asia-Pacific delivered one of the strongest performances, with six of its markets ranked within the global top 20.

Vietnam reached ninth place, while Hong Kong secured tenth as its regulatory reset took effect.

Australia followed closely in eleventh, and the Philippines and South Korea came in seventeenth and twentieth, respectively.

The distribution indicates that adoption patterns are broadening as regional economies align regulation with user demand and market development.

New drivers behind adoption

The report outlines how each market is advancing for different reasons.

Singapore’s top ranking reflects a clear regulatory framework, a structured licensing regime and high levels of participation.

Vietnam stands out for a different type of growth. Nearly 20% of its population owns digital assets largely for remittances, savings and inflation protection.

The index shows that Vietnam ranks first globally for transactional use and for the adoption of decentralised physical infrastructure devices.

This suggests that the country’s progress is being powered from the ground up, with retail users driving the majority of activity.

Hong Kong’s tenth-place ranking reflects its attempt to rebuild confidence following regulatory changes and the introduction of a new licensing system. Its user penetration level places it eighth globally.

The report notes that the city is positioning itself as a blend of Western and Asian financial structures, with stablecoins and tokenisation acting as key catalysts for recovery.

Emerging trends gain global traction

Beyond rankings, the findings point to three trends shaping global behaviour.

Real-world asset tokenisation has expanded by 63% to more than 25.7 billion dollars since January.

This indicates rising interest in converting traditional assets into blockchain-based formats for trading and settlement.

Local currency-pegged stablecoins are also gaining ground. These tokens are emerging in markets that want to reduce reliance on the dollar while supporting domestic and cross-border transactions.

Their growth suggests increasing comfort with digital settlement mechanisms across both institutional and retail users.

This reflects a shift toward integrating digital assets into everyday financial activity rather than treating them solely as investment instruments.

The post Asia-Pacific reshapes the crypto world as Singapore claims top adoption rank appeared first on CoinJournal.

• Cardano price rose more than 11% as bulls touched the highest level in over three weeks.
• Gains came as Bitcoin rebounded to $92,000 and as Cardano cheered two key developments.
• The uptick to $0.47 could allow bulls to target the crucial $0.50 mark and higher in coming weeks.

Cardano topped the list of 24-hour gainers on Wednesday, with the token’s price jumping more than 11% as bulls looked to build on gains seen on December 9, 2025.

Those gains saw ADA touch its highest level since November 19 and came amid a broader crypto market rebound.

As Bitcoin flirted with resistance above $92,000, ADA price jumped to a high of $0.48.

Bulls are currently hovering at this level, with momentum helped by Cardano’s Midnight launch and ADA’s inclusion in the Bitwise crypto 10 ETF index.

These developments have fueled optimism among investors, positioning Cardano for a potential breakout as it seeks to reclaim critical price levels.

Cardano gains 11% as bulls touch $0.48

The Cardano token led op gainers across the top 100 coins by market cap.

ADA’s uptick in the previous session extended to early trading on December 10 as an 11% push over 24 hours helped prices climb to $0.48.

Bitcoin’s resilience has helped bulls. However, pivotal drivers of this upward momentum included the recent launch of Midnight.

The privacy-focused sidechain integrated with Cardano has its token trading on multiple exchanges as privacy coins show upward potential.

Midnight, which debuted on December 8, 2025, leverages zero-knowledge proofs and the Hydra scaling solution.

Its launch has sparked enthusiasm, including from Charles Hoskinson, founder of Cardano.

Hoskinson celebrated the milestone on X, stating, “Congratulations Midnight.”

Congratulations Midnight https://t.co/MsdgiQyCoW

— Charles Hoskinson (@IOHK_Charles) December 9, 2025

The positive sentiment surrounding Midnight, combined with the market’s bullish turn, provided tailwinds for ADA.

Further boosting the price surge earlier in the week is Cardano’s inclusion in the Bitwise 10 Crypto Index ETF (BITW), launched on December 9, 2025.

BITW trades on the New York Stock Exchange and saw its assets under management (AUM) hit $1.25 billion on December 9, and allocates 0.65% of its holdings to ADA.

Cardano price outlook: breakout above $0.50 next?

ADA’s recent gains mean bulls could target the $0.50 mark, a level below which bears accelerated the downward pressure in mid-November.

The breach saw prices hit lows of $0.37 before staging a robust recovery that initially faded to around $0.45.

Amid the broader crypto market’s upward trajectory, buyers have pierced the supply wall, and technical indicators suggest a potential pump to the $0.50 threshold.

Technical analysis highlights a positive Moving Average Convergence Divergence (MACD) indicator.

MACD on the daily chart shows a bullish crossover, while the Relative Strength Index (RSI) has crossed above the critical 50 level.

In the event of a breakout, the key level to watch might be the 50-day exponential moving average (EMA) currently at $0.83.

As Cardano capitalizes on its technological advancements and institutional backing, the next target in a rallying market will be $1.00.

The cryptocurrency last reached this level in March 2025, when ADA exploded over 70% in a day to jump from around $0.65 to near $1.20.

The post Cardano price: why 11% spike puts ADA on breakout lane appeared first on CoinJournal.

• Silk Road-tagged wallets sent $3.14 million in Bitcoin across 176 transfers this week.
• The transactions are the most significant Silk Road-linked activity in five years.
• The wallets sent funds to a new address beginning with bc1qn.

Silk Road-linked cryptocurrency activity has resurfaced, drawing attention to long-quiet Bitcoin wallets connected to the darknet marketplace.

The movement comes less than a year after US President Donald Trump granted a full pardon to Silk Road founder Ross Ulbricht.

While the pardon focused global attention on Ulbricht’s legal case, blockchain analysts are now tracking renewed activity that marks the highest level of transfers in years.

The latest movement, recorded on Tuesday, is raising fresh questions about dormant coin reserves linked to the marketplace and how much Bitcoin remains undiscovered or untouched across older blockchain addresses.

Silk Road wallets show renewed Bitcoin flows

Silk Road-tagged wallets transferred about $3.14 million worth of Bitcoin BTC $92,626, according to Arkham. The activity involved 176 transactions, making it the most significant movement from these addresses in five years.

Earlier this year, the same wallets carried out only three small test transactions, suggesting that substantial activity had been paused.

The transfers this week were sent to an unknown cryptocurrency wallet with the address prefix bc1qn.

The primary Silk Road-associated wallets still hold about $38.4 million in Bitcoin.

The newly created address holds only the transferred $3.14 million.

Pardon puts focus back on historic Silk Road funds

Interest in the wallets has intensified since January, when Trump issued a full pardon to Ulbricht.

Before the pardon, Ulbricht had been serving a double life sentence without parole for creating and operating Silk Road, which allowed anonymous trading of illicit goods using Bitcoin.

The pardon also sparked new activity around the Free Ross campaign.

Supporters have contributed about $270,000 in Bitcoin donations since the announcement, based on on-chain data.

Unseized Bitcoin linked to Ulbricht gains attention

Alongside the renewed transfers, discussions have shifted to older cryptocurrency holdings believed to be connected to Ulbricht but never seized by authorities.

The US government previously confiscated at least $3.36 billion in Bitcoin from Silk Road, marking one of the largest recoveries in the history of digital asset enforcement.

Yet blockchain analysts tracking historical movements have identified additional reserves that remain untouched.

Coinbase exchange director Conor Grogan highlighted that 430 BTC, worth about $47 million, has not moved for more than 13 years.

These tokens are held in wallets thought to be linked to Ulbricht.

Dormant Bitcoin wallets remain a focal point

Another Silk Road-tagged wallet likely controlled by Ulbricht contains about $8.3 million in Bitcoin.

This wallet has seen only three small test transactions over the past 10 months and has otherwise remained inactive for 14 years, according to Arkham.

The transfers observed this week have therefore shifted attention back to dormant Bitcoin reserves that could hold substantial amounts.

Experts monitoring historical blockchain activity note that movements involving older darknet-linked wallets often prompt speculation about ownership, recovery efforts, or changes in operational control.

The recent activity does not clarify why these wallets began moving again or who controls the receiving address.

However, the timing, extended periods of inactivity, and historical significance of the addresses have made the transfers notable within the crypto community.

As blockchain analysis tools improve and more historical data becomes searchable, renewed activity from legacy darknet sources continues to shape conversations about unseized assets and the long-term movement patterns of early Bitcoin holdings.

The post Silk Road crypto activity resurfaces as dormant Bitcoin wallets move again appeared first on CoinJournal.

• A hacked WeChat account linked to Binance’s Yi He triggered a brief memecoin surge.
• MUBARA spiked 8x before crashing as attackers sold early, profiting about $55,000.
• Incident exposes risks of dormant web 2 accounts still influencing crypto markets.

A dormant WeChat account linked to Binance co-CEO Yi He was hijacked on 9 December, setting off a rapid memecoin spike that caught traders off guard and briefly reshaped activity on BNB Chain.

The compromised account was used to promote a little-known token called MUBARA, drawing in traders who assumed the posts came from a credible source.

Within minutes, the token’s price surged before collapsing, revealing how outdated social accounts can still influence crypto markets when tied to a senior industry figure.

Hacked WeChat posts fuel instant market reaction

The incident began when scammers took control of Yi He’s old WeChat account, which was tied to an inactive phone number.

Late on 9 December, the hijacked account started circulating posts portraying MUBARA, also known as Mubarakah, as a token with strong potential.

Because many of the account’s contacts remain active in China’s crypto circles, the messages spread quickly and triggered sudden trading activity.

Lookonchain later traced on-chain movements linked to the scheme, identifying two wallets that bought about 21.16 million MUBARA for 19,479 USDT roughly seven hours before the posts appeared.

Once the messages started circulating, MUBARA jumped from around $0.001 to $0.008 within minutes.

The token’s temporary value reached about $8 million as traders rushed into decentralised exchanges on BNB Chain.

Early buyers cash out as traders join the frenzy

As liquidity strengthened, the two wallets began selling into the spike.

By the morning of 10 December, the attackers had sold 11.95 million tokens for 43,520 USDT.

They still held about 9.21 million tokens valued near $31,000.

Early estimates place their profit at around $55,000, with unsold holdings leaving room for additional gains.

The token fell more than 60% once the selling started.

Several KOLs on X flagged wallet movements that suggested some traders may have acted moments before the WeChat posts went live, drawing attention to how closely the activity resembled a coordinated pump-and-dump.

Binance leaders warn users after breach

Binance founder Chang Peng Zhao told users to ignore all messages from the compromised account and highlighted persistent weaknesses in web2 platforms that have limited recovery options for older accounts.

Yi He confirmed the breach, noting that the account had been abandoned and cannot be retrieved. She urged users to avoid any token promotions linked to it.

The episode underscores how attackers can exploit legacy communication channels that still hold influence in specific trading communities.

WeChat remains widely used among crypto participants in China, meaning even dormant accounts can act as catalysts for misinformation that moves markets.

Market impact raises broader security concerns

The speed of the price swing revealed how quickly misinformation can affect micro-cap tokens in an environment where traders respond to signals within seconds.

The MUBARA surge and collapse highlighted gaps between user behaviour, platform security, and the decentralised markets that react instantly to new information.

For Binance’s global user base, the event serves as a reminder that reputation-linked accounts, even inactive ones, remain valuable targets for manipulation attempts.

As platforms assess the fallout, discussions are turning to how crypto communities can better handle vulnerabilities created by older communication tools.

The post Binance reels as Yi He’s hacked WeChat triggers sudden memecoin frenzy appeared first on CoinJournal.

• November set all-time records with peak user earnings and rapid activity growth.
• Mevolaxy secured $4M from Helios Capital, validating its resilient MEV model.
• New funding accelerates MEV pool expansion, mobile development, and scaling work.

November proved to be one of the strongest months in Mevolaxy’s history.

For the period, the platform recorded the highest-ever volume of user earnings, and the total number of active participants continued to grow rapidly against the backdrop of high MEV pool activity.

Record November payouts

According to Mevolaxy’s internal statistics, the total volume of user accruals exceeded all previous months, marking the best result since the platform’s launch.

The growth is attributed to:

• An increase in the volume of liquidity within the system,
• Improvements to the MEV bot algorithms, enabling them to process a larger volume of on-chain traffic,
• A growing share of users who have upgraded to Pro plans.

November demonstrated that, even amidst high cryptocurrency market volatility, the mevstake mechanism remains resilient because its yield is not tied to asset price appreciation but is generated by network activity.

Another significant news of the month was the strategic funding secured from the private analytical fund Helios Capital Research – an independent US-based entity specializing in supporting DeFi projects.

The fund highlighted three key reasons for its decision to invest in Mevolaxy:

1. A resilient business model derived from on-chain operations.
2. Ownership of its proprietary technology stack instead of relying on third-party solutions.
3. Rapid user base growth, confirming strong product-market fit.

The investment amount totaled $4 million, with Helios Capital Research representatives naming Mevolaxy “one of the most promising platforms in the DeFi segment for the next 2-3 years.”

The Mevolaxy team emphasizes that attracting institutional capital of this caliber enhances the project’s stability and accelerates the implementation of key initiatives: from expanding the MEV pool network to developing mobile solutions and scaling infrastructure.

The deal with Helios Capital Research stands as an important validation that the mevstake model being built by Mevolaxy is in demand not only among retail users but also among professional crypto market participants.

The company states that it will continue to strengthen the ecosystem, expand functionality, and work on transparency and technological reliability to make mevstake one of the key tools for stable income in the DeFi world.

The post Mevolaxy reports record November payouts and secures funding  appeared first on CoinJournal.

• Seventy-six governments have pledged to share crypto data under CARF.
• Fifty-three countries have signed the agreement enabling automatic exchange.
• Switzerland delayed its timeline while the US continues its internal review.

Hong Kong has launched a public consultation on how it plans to introduce the international Crypto Asset Reporting Framework, known as CARF, as governments worldwide reshape their tax reporting systems for digital assets.

The consultation, announced on Tuesday, aims to gather feedback on both the technical rollout of CARF and related updates to local tax reporting rules.

It forms part of Hong Kong’s broader effort to align its crypto oversight with global transparency standards as authorities continue working to prevent cross border tax evasion.

The move builds on the city’s existing practice of exchanging financial account information with partner jurisdictions every year since 2018, rather than signalling a change in direction.

Hong Kong widens its regulatory review

The consultation examines how CARF would operate alongside the Common Reporting Standard, another Organisation for Economic Co-operation and Development initiative that shapes international tax reporting.

By reviewing the two frameworks together, Hong Kong seeks to integrate crypto data sharing into established financial reporting systems.

The process reflects growing coordination between jurisdictions as they adapt policy tools to match the expansion of digital asset markets.

Global momentum influences the process

CARF has been gaining traction around the world. In early November, 47 governments issued a joint pledge to adopt the framework at pace. Brazil has also been reported to be considering participation in the programme.

Other jurisdictions are moving more slowly. Switzerland postponed its own implementation until 2027 and is still assessing which countries it will exchange data with.

In the same month, the US reviewed an Internal Revenue Service proposal linked to joining CARF. Even with varied timelines, participation continues to rise.

More jurisdictions commit to adoption

According to an OECD list updated on Dec. 4, 48 nations intend to adopt CARF by 2027 and another 27 by 2028, while the US has identified 2029 as its target year. This brings the total number of countries pledging to share crypto data to 76.

A separate OECD list confirms that 53 countries have already signed the Multilateral Competent Authority Agreement, the legal foundation for automatic information exchange. These commitments signal widening global support for unified reporting standards.

Cayman Islands activity draws attention

Recent figures show a 70% annual increase in Cayman Islands foundation company registrations.

Legal professionals at Walkers noted that CARF likely excludes structures that solely hold crypto assets, including protocol treasuries, investment funds, or passive foundations.

This has raised questions about how certain entities may sit outside the data sharing perimeter as reporting rules continue to develop internationally.

The post Hong Kong launches crypto consultation as worldwide reporting rules evolve appeared first on CoinJournal.

• Dogecoin price was down 1.5% and changed hands near $0.14.
• The top memecoin token risks bearish momentum as the broader market shows weakness.
• DOGE below $0.10 could risk a revisit of $0.05.

Dogecoin (DOGE) tested support at the $0.14 level on Tuesday as the memecoin pared some of its recent gains. While losses on the day are limited, the dip over the past month sees DOGE flirt with the risk of bearish continuation.

Bullish investors may see further downside risks as an opportunity to buy, though, with the meme-inspired token likely to ride broader market tailwinds for an uptick.

Dogecoin price today

The price of Dogecoin as of writing on December 9, 2025, hovered near $0.14. Bulls are down about 1.5% over the past 24 hours.

Although DOGE has bounced off lows of $0.138 on the day, it still prints a sharp 19% drop in the past month. Declines have left its market capitalization standing at around $22.8 billion.

Meanwhile, the token, ranked ninth among the largest cryptocurrencies, has seen a 17% dip in  daily trading volume to about $1.08 billion.

Dogecoin’s volume signals decreased investor activity, though, with price capped on the upside amid the turmoil that also sees top coins toil under pressure.

For instance, Bitcoin touched $92k but has quickly retreated to the $90k mark.

Analysts expect BTC to bounce amid key macroeconomic tailwinds and DOGE could follow.

Despite a fragile sentiment, the memecoin has seen key developments in recent weeks to suggest a spark could ignite a major rally.

The launch of DOGE perpetual futures pairs opens up the market for traders. Meanwhile, the buzz around Dogecoin exchange-traded funds (ETFs) continues.

Even without outflows for Bitcoin and Ethereum, the hype remains as multiple spot crypto ETFs launch in the US.

Dogecoin price forecast

The Crypto Fear and Greed Index hovers at 25, signalling extreme fear. Most altcoins trade in this territory due to investor caution.

However, amid an anticipated US Federal Reserve rate cut decision this week, sentiment is not overly negative.

Dogecoin’s trajectory will thus take on an ominous outlook if bulls fail to keep bears off at the current price level of $0.14.

If sellers knock buyers off this perch, a move in the negative direction will strengthen.

Technical indicators paint this gloom. As can be seen on the chart below, the token has recently shattered the pivotal support zone established in March and June 2025.

This has come as DOGE accelerated losses following the breach of the 50-week exponential moving average.

A downward channel is in place, with the Relative Strength Index (RSI) and Stochastic RSI both flashing signals of increased bullish exhaustion.

Should DOGE fracture the $0.10 mark, the loss of this historical inflection point will add to bearish pressure. Dogecoin’s next major support levels are in the $0.05 zone.

The post Dogecoin drops to $0.14 as bears gain control: is a bigger crash coming? appeared first on CoinJournal.

Key takeaways

• BTC is down 1.35% and is trading around $90,500.
• The leading cryptocurrency has stabilized ahead of tomorrow’s FOMC meeting.

BTC stays above $90k ahead of the Fed rate decision

Bitcoin began the week bullish, hitting the $93k level on Monday. However, it has lost 1% of its value in the last 24 hours and is now trading above $90k. 

The mixed performance comes as traders look forward to tomorrow’s Fed rate decision. The Federal Reserve is expected to reduce its benchmark lending rate by a minimum of 25 basis points. 

The US Personal Consumption Expenditures (PCE) Price Index, released last Friday, did little to influence expectations for further policy easing by the apex bank. 

In addition to that, institutional demand for Bitcoin-related funds shows a decline in selling pressure compared to previous weeks. Data obtained from SoSoValue revealed that S-listed spot Bitcoin ETFs recorded a mild outflow of $60.48 million on Monday.

Bitcoin’s recovery could be determined by the ETF inflow as institutions play a crucial role in boosting demand. 

Finally, Michael Saylor’s Strategy announced on Monday that it had acquired 10,624 bitcoin for $962.7 million between December 1–7 at an average price of $90,615. Thanks to this acquisition, the company now holds 660,624 BTC, valued at $49.35 billion. 

Bitcoin could rally towards $97k

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed positively in recent days. The cryptocurrency faced rejection from the 61.80% Fibonacci retracement level at $94,253 last week, dropping to the $88k level during the weekend.

However, it recovered above $92k on Monday before declining to now trade above $90,500 per coin. 

If the rally continues and the daily candle closes above the $93k resistance, BTC could extend its bullish movement toward the next key resistance at $100,000.

The Relative Strength Index (RSI) on the 4-hour chart is 44, near the neutral 50 level, suggesting fading bearish momentum. However, the RSI needs to move past the neutral level if Bitcoin will surmount the $93k resistance level. 

The Moving Average Convergence Divergence (MACD) showed a bullish crossover last week, which still holds, supporting a bullish bias.

However, if the bullish recovery fails, Bitcoin could revisit the support level around the $85,569 region.

The post Bitcoin stabilizes around $90k ahead of FOMC meeting: Check forecast appeared first on CoinJournal.

• Libeara developed the fund with FundBridge Capital for Singapore’s market.
• Standard Chartered is expanding digital-asset activity through SC Ventures.
• A separate physically backed gold fund was recently launched in Singapore.

Institutional investors in Singapore are being offered a new digital route into gold exposure as Standard Chartered broadens its presence in tokenised assets through Libeara’s MG 999 fund.

The product arrives during a period of rising demand for safe-haven assets, shaped by geopolitical tension, shifting currency expectations, and tariff moves under President Donald Trump.

The fund blends a synthetic link to gold prices with a lending feature designed for jewellery retailers in the city-state.

With interest in real-world asset tokenisation growing across global markets, MG 999 reflects how traditional financial groups are testing new digital structures without altering core investment themes.

The approach broadens investor access while encouraging further experimentation across evolving digital asset markets globally.

Tokenised access

Libeara developed the MG 999 fund with FundBridge Capital to give professional investors exposure to gold in the form of blockchain-based tokens.

Each token is designed to track the spot price of gold on Libeara’s ledger.

The fund removes the need for vaulting or transport but still aims to reflect market performance, creating a synthetic alternative to physical bullion.

FundBridge has described the structure as a way to connect regulated fund design with digital systems while keeping governance at the level expected for institutional products.

Institutional shift

The fund is open only to institutional and accredited investors. MG 999 is different from physical gold funds because it does not store metal.

Instead, it uses a token mechanism engineered to mirror market movement.

Standard Chartered’s involvement fits into broader expansion in Asia through SC Ventures, which also holds majority stakes in Zodia Custody and Zodia Markets.

These platforms focus on institutional digital-asset access, strengthening the bank’s position in real-world asset tokenisation as the sector gains momentum across treasuries, bonds, funds, and commodities.

Global demand conditions

The launch comes at a time when central banks have been increasing gold reserves. Market watchers have linked this trend to concerns about the long-term role of the US dollar and a backdrop of geopolitical uncertainty.

Experts have also cited Trump’s tariff policies as a driver of interest in safe-haven assets.

Last month, Standard Chartered joined other firms in launching a physically backed gold product in Singapore.

In that fund, the bank acts as custodian for bullion stored at the Le Freeport facility near Changi Airport. That offering targets investors wanting allocated metal rather than tokenised exposure.

Jewellery market lending

MG 999 also includes a lending element tied to Singapore’s jewellery sector.

Mustafa Gold has been named as the first borrower. The structure lets the retailer use its jewellery inventory as collateral while keeping the pieces available for customers.

Libeara and FundBridge say this design shows how tokenisation can connect investment products with working-capital needs in traditional retail markets, expanding digital use cases beyond asset tracking alone.

The post Standard Chartered expands into tokenised gold with Libeara in Singapore appeared first on CoinJournal.

Key takeaways

• HYPE is down 8% in the last 24 hours and has dropped below $28.
• Open Interest (OI) declines as retail interest continues to drop.

HYPE dips below the $28 support

HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among the top 20 cryptocurrencies by market cap.

The bearish performance comes as Bitcoin and the other major cryptocurrencies underperform. HYPE could decline towards the $20 psychological level amid a consolidating market. 

HYPE’s bearish performance comes as the coin is losing retail interest due to the current market conditions. Traders are anticipating a rate cut by the Federal Reserve on Monday, but that hasn’t propped up interest in Hyperliquid.

According to CoinGlass, HYPE’s futures Open Interest (OI) is down 5.91% in the last 24 hours to $1.44 billion. The decline suggests a significant liquidity loss in HYPE derivatives as traders adopt a wait-and-watch strategy.

In addition to that, the long liquidations since Monday topped $1.2 million, surpassing short liquidations of $88,160.

HYPE could dip to $20 if the selloff continues

The HYPE/USD 4-hour chart is bearish and efficient as Hyperliquid has lost 8% of its value in the last 24 hours. The coin is currently trading below $28, breaking the support around $29.37.

If the bearish trend continues, HYPE’s daily candle could close below the resistance level at $26.03. An extended selloff will bring the October 10 low of $20.84 into focus. 

The RSI of 29 shows that HYPE is currently in the oversold territory and could record further losses in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a rise in bearish momentum, with sellers currently in control of the market. 

If the bulls retake control of the market, HYPE could reclaim the $30 psychological level before rallying towards the resistance trendline near $34.00.

The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.

• Recent research shows Polymarket trades are double-counted on most public dashboards.
• The issue stems from redundant maker-taker events in smart contracts.
• According to the allegations, the actual volumes are roughly half of what dashboards report.

Polymarket, the prominent prediction market platform, is facing scrutiny after research by Storm Slivkoff suggested that the platform’s reported trading volumes may be systematically inflated across most public analytics dashboards.

The controversy has drawn attention from industry experts, data analysts, and market participants, raising questions about how trading activity is measured and reported in decentralised prediction markets.

Polymarket gives separate OrderFilled events for makers and takers

The research by Storm Slivkoff, a partner at Paradigm, which was later highlighted by Paradigm co-founder Matt Huang, has identified a technical discrepancy in Polymarket’s on-chain smart contract data.

According to Slivkoff, the platform emits separate OrderFilled events for both the maker and taker sides of each trade.

While each event is individually accurate, most public dashboards aggregate all events indiscriminately, effectively counting the same trade twice.

found a pretty major data bug

it turns out almost every major dashboard has been double-counting Polymarket volume (not related to wash trading)

this is because Polymarket's onchain data contains redundant representations of each trade. receipts ⬇️⬇️ pic.twitter.com/rQJEzs2Rfl

— storm (@notnotstorm) December 8, 2025

A simple transaction demonstrates the problem. One trade of YES tokens for $4.13 generated two identical events for the same amount, which dashboards then summed to report $8.26 in trading volume.

Slivkoff noted that this bug affects both notional volume (the number of contracts traded) and cashflow volume (the dollar value exchanged), thereby inflating every trade’s representation.

Notably, the error is unrelated to wash trading and results purely from the way Polymarket’s contracts emit data.

Polymarket refutes the volume double-counting claims

Polymarket’s internal team quickly pushed back against the allegations, asserting that the official site reports taker-side volume without double-counting, in line with standard industry practices.

The platform has emphasised that the issue primarily impacts third-party dashboards, which rely on raw event data from smart contracts without implementing corrections for redundant entries.

Notably, several major data providers, including DefiLlama, Allium Labs, and Blockworks, have confirmed they are updating their dashboards to account for the discrepancy.

Some data providers have, however, defended current methodologies, noting that more sophisticated dashboards had accounted for the distinction since 2024 but had not formally documented their approach.

Other data providers have criticised Paradigm for potential bias, as the firm holds investments in Kalshi, a competing US-based prediction market.

The broader market implications

Beyond the immediate question of reported volume, the controversy underscores broader challenges in accurately measuring activity on prediction market platforms.

Low-priced contracts can create disproportionately large notional volumes relative to actual capital at risk, making traditional volume metrics potentially misleading.

Experts have suggested that metrics such as open interest and fee revenue may offer a clearer picture of platform activity.

The timing of the revelation is also notable, coinciding with Polymarket’s plans for a full US relaunch following CFTC regulatory approval and an anticipated valuation of $12 billion to $15 billion.

The platform is also exploring an internal market-making operation that could trade against customers, raising further scrutiny and comparison to competitors like Kalshi.

The post Polymarket accused of alleged double-counted volume in most public data appeared first on CoinJournal.

• BONK may integrate with dYdX, sharing 50% of protocol fees.
• The integration aims to boost retail trader volume from Solana.
• The recent dYdX fee distribution update increased staking and buyback incentives.

dYdX, the decentralised crypto trading platform, is currently evaluating a proposal to formally integrate BONK as an official partner under its Partner Revenue Share Program.

dYdX governance is considering a new proposal to approve @bonk_inu as an official dYdX integration partner under the Partner Revenue Share Program.

The proposal outlines a dedicated BONK-powered frontend routing orders to the dYdX Chain, with 50% of the protocol’s fee revenue… pic.twitter.com/hPTAVPrQoS

— dYdX Foundation (@dydxfoundation) December 8, 2025

The proposal aims to bring one of Solana’s largest retail ecosystems onto the dYdX Chain, potentially increasing order flow, expanding the protocol’s reach, and providing significant incentives to both the community and stakers.

BONK integration could boost dYdX growth

The proposal outlines that BONK would launch a dedicated, BONK-branded frontend for routing trades to the dYdX Chain.

Through this setup, BONK would receive 50% of the protocol fees generated by users attributed to its frontend or order router.

dYdX governance emphasised that this approach aligns incentives for both the protocol and its partner, ensuring that revenue is shared proportionally to the flow generated.

BONK’s retail ecosystem is known for its active user base, making it a valuable distribution channel for dYdX.

According to the proposal, the integration would provide Solana traders with a trusted, non-custodial trading platform while also expanding the protocol’s exposure throughout the Solana ecosystem.

dYdX believes that the partnership could significantly increase the number of new retail takers and stimulate engagement among existing users.

The motivation for this partnership aligns with the broader strategy outlined in dYdX’s Q4 roadmap, which seeks to deepen liquidity, enhance collaboration, and foster community-driven growth.

By granting governance-approved partners a share of protocol fees, dYdX aims to incentivise meaningful contributions from integrations that bring tangible trading activity to the platform.

The revised dYdX fee distribution

In October, dYdX revised its fee distribution to maximise buy pressure and staking rewards.

Previously, fees were allocated across stakers, the Buyback Program, Megavault, and Treasury SubDAO.

The updated model now allocates 50% each to stakers and buybacks, removing allocations to Megavault and Treasury SubDAO.

dYdX cited that the Treasury SubDAO already holds over 60 million DYDX tokens, making the former allocations less critical.

The integration with BONK complements this strategy by funnelling more activity into the protocol, which in turn increases buy pressure and staking incentives.

dYdX claims this could create a positive feedback loop, enhancing both token value and community participation.

And notably, this BONK proposal follows similar initiatives from other partners.

dYdX governance recently approved integration proposals from CCXT, Foxify, and CoinRoutes, all structured to capture 50% of the protocol fees from attributed order flow.

These partnerships demonstrate the platform’s commitment to broadening its ecosystem while ensuring that partner incentives are closely tied to the value they bring.

CCXT, for instance, allows users to route orders to dYdX with minimal friction, while Foxify integrates dYdX Chain directly into its prop trading platform for funded and unfunded accounts.

CoinRoutes, on the other hand, provides professional and institutional traders with access to deep liquidity.

Like BONK, these partners aim to expand user adoption while generating revenue aligned with protocol growth.

If no major objections arise, BONK intends to submit the on-chain governance proposal for a vote on December 11, 2025.

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