JPY Stablecoin Issuer JPYC: JPY Stablecoin Reserve to Become Key Buyer of Japanese Government Bonds
November 12th. According to Cointelegraph, Japan's first officially licensed yen stablecoin issuer, JPYC, stated that as the stablecoin market expands, JPYC is likely to become a significant buyer in the Japanese Government Bonds (JGBs) market. JPYC intends to invest 80% of its issuance revenue in government bonds and hold 20% in banks. This model is expected to fill the market gap left by the Bank of Japan's slowing bond purchases. JPYC began issuing its yen stablecoin on October 27th, with a current circulation of approximately $930,000 and aims to reach $66 billion within three years.
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Goldman Sachs Prediction: S&P 500 Index is Expected to Achieve a 6.5% Annual Return Over the Next 10 Years
On November 12th, the strategists at Goldman Sachs predict that the U.S. stock market will slightly underperform the global market over the next decade. Analyst Peter Oppenheimer and his team suggest that investors increase their diversified investments outside the U.S. because high U.S. stock valuations limit returns. Goldman Sachs strategists expect the S&P 500 Index to achieve an annual return of 6.5% over the next 10 years, which is the weakest among all regions. In contrast, emerging markets are expected to perform the strongest with an annual return of up to 10.9%. After a decade of remarkable performance driven by the surge in tech stocks and the AI craze, the S&P 500 Index has increased by 16% this year, while the MSCI Global Index (excluding the U.S.) has risen by 27%. Strategists anticipate that in the coming years, emerging market returns will be driven by strong profit growth in China and India. Japan is expected to have an annual return rate of 8.2%, and Europe is expected
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BNB Treasury Company Nano Labs Announces Early Redemption of Convertible Bonds to Strengthen Risk Management
On November 12th, as per Globenewswire, the US stock BNB Crypto Treasury (DAT) company Nano Labs (Nasdaq: NA) announced the early repayment of convertible bonds in order to strengthen risk management and safeguard the rights of investors.
Nano Labs stated that considering the escalating and ongoing global economic uncertainty along with the continuous volatility of digital asset prices, the early repayment of debt will minimize the company's risk exposure to potential "black swan" events and enhance financial flexibility. As of the end of July, Nano Labs held approximately 128,000 BNB.
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After the announcement of the Q3 financial report, pre-market trading of Circle stock on the US stock market reversed from gains to losses.
On November 12th, based on market data, the US stock Circle (CRCL) saw a shift from gains to losses in pre-market trading after announcing its Q3 financial report. Currently, it is down by 1.3%, having previously been up by 2.5% in pre-market trading.
Circle's Q3 financial report mentioned the exploration of the issuance of a native token on the Arc network. The total revenue was $7.40 billion, representing a year-on-year increase of 66%.
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Circle Q3 Earnings Report: Exploring Issuance of Native Token on Arc Network, USDC Quarter-end Circulating Supply Reaches $73.7 Billion
On November 12th, the issuer of USDC, Circle, released its third-quarter financial report. It was mentioned that Circle is actively exploring the issuance of a native token on the Arc network. The Circle Payments Network has onboarded 29 financial institutions and has established partnerships with Brex, Deutsche Boerse, Finastra, Fireblocks, Kraken, Itaú, and Visa, among others. The company has raised its 2025 "Other Revenue" and RLDC margin guidance and expects USDC to have a long-term compound annual growth rate of approximately 40%.
In the third quarter, the end-of-quarter circulation of USDC was $73.7 billion, showing a year-on-year increase of 108%. The total revenue, including reserve interest, reached $740 million, with a year-on-year increase of 66%. The net profit was $214 million, experiencing a year-on-year increase of 202%.
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In less than 23 hours, RaveDAO's Genesis Membership tiers — Emerald, Black, and Gold — have completely sold out.
In less than 23 hours, RaveDAO's Genesis Membership tiers — Emerald, Black, and Gold — have completely sold out.
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