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Expert Opinion: Stablecoins Struggle to Become Mainstream in the Currency Market

48 minutes ago

December 3. — He Dong, Chief Economist of the ASEAN+3 Macroeconomic Research Office (AMRO), said stablecoins issued by non-bank entities cannot create money and have limited utility for the real economy. As such, they are unlikely to gain mainstream traction in the currency market over the long term. Meanwhile, the People's Bank of China (PBOC) noted that stablecoins pose money laundering and fraud risks. Currently, countries and regions worldwide are exploring digital currency development, with central banks, commercial banks, and non-bank financial institutions having rolled out various new payment tools.
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Stable Reveals Tokenomics Model, Ecosystem and Community Account for 40% of Total Supply

**Stable Launches STABLE Tokenomics Framework** On December 3, Stable rolled out its STABLE tokenomics, featuring a fixed total supply of 100 billion tokens—**no gas fees apply**. Token allocation breakdown: - **Genesis Distribution (10%)**: Earmarked for early liquidity support, community activation, ecosystem events, and strategic launch distribution. - **Ecosystem & Community (40%)**: Allocated to developer grants, liquidity programs, partnerships, community initiatives, and ecosystem growth. - **Team (25%)**: Reserved for the founding team, engineers, researchers, and key contributors. - **Investors & Advisors (25%)**: Set aside for strategic investors and advisors supporting network development, infrastructure, and promotion. ### Notes on U.S. language habits: 1. **Date format**: Uses "December 3" (omits "3rd" for brevity, standard in U.S. media/quick updates). 2. **Conciseness**: Replaced redundant phrases (e.g., "the total supply is fixed" → "fixed total supp

2 minutes ago

South Korea's "Digital Asset Basic Law": The issuer of a stablecoin will be limited to a "consortium with a bank holding a 51% stake" as the main direction.

December 3 – According to News1, as South Korea’s government and National Assembly draft the second phase of digital asset (virtual asset) legislation, a key direction is limiting stablecoin issuers to consortia of banks holding a 51% stake. The solution currently under discussion would award stablecoin issuance rights to such bank consortia, and the Democratic Party’s Digital Asset Special Task Force (TF) also leans toward this approach. Previously, Korean banks pushed for bank-led stablecoin issuance restricted to the banking system, while some National Assembly members argued the space should be open to fintech and blockchain firms. The government’s draft bill must be submitted by no later than December 10, with the goal of launching formal discussions by the end of this year and finalizing the legislation by January next year.

2 minutes ago

「Buddy」 reduced their ETH long position by a small amount this morning, increased their HYPE long position, and is now sitting on an unrealized gain of nearly $1 million.

On December 3rd, HyperInsight’s monitoring data shows that "Mahjong" trimmed its ETH long positions in small increments and added to its HYPE long positions this morning. As of press time, its 25x ETH long position totals 8,288.888 coins, while its 10x HYPE long position stands at 10,000 coins. The overall unrealized gain on its long positions in this round has reached $920,000.

2 minutes ago

Kalshi is now the official prediction market partner of CNN, and its data will be used for real-time display on news programs.

On December 3rd, prediction market platform Kalshi announced it has become CNN’s official prediction market partner. Its real-time probability data will be integrated into CNN’s news coverage, led by the network’s Chief Data Analyst Harry Enten. CNN will receive Kalshi’s real-time data on the likelihood of future events in politics, culture, and beyond, and will add real-time info bars powered by Kalshi’s data in relevant sections. Kalshi noted its platform has become a go-to tool for politicians, media outlets, and financial market watchers to anticipate future events. Previously, rival Polymarket told CBS’s *60 Minutes* that prediction markets are “the most accurate prediction tool currently available to humanity.” Combined trading volume for the two platforms has topped $45 billion, with partners including Google Finance, Yahoo Finance, Robinhood, and ICE. Despite growing mainstream adoption, the prediction market industry still faces regulatory scrutiny. Kalshi recently joine

2 minutes ago

Suspected Bitmine purchased 18,345 ETH 4 hours ago

December 3rd: Per LookOnChain monitoring, the suspected Bitmine has just acquired an additional 18,345 ETH over the past four hours—valued at $54.94 million.

2 minutes ago

Analysis: Bitcoin Key Resistance Levels at $99,000 and $122,000

On December 3rd, analyst @ali_charts pulled data from Glassnode, noting two key Bitcoin resistance levels to watch—derived from the price range tied to its Market Value to Realized Value Ratio (MVRV): ? $99,070 ? $122,060 ### Notes on American English adjustments: 1. Added **"On"** before the date (standard for specific dates in U.S. usage). 2. Replaced "cited glassnode data" with "pulled data from Glassnode" (more conversational, common in financial updates; capitalized **Glassnode** as a proper noun). 3. Swapped "to indicate that" for "noting that" (concise, typical of quick news blurbs). 4. Restructured to lead with "two key Bitcoin resistance levels" (prioritizes the actionable info, U.S. readers prefer directness). 5. Used em dashes for clarity (links the resistance levels to their MVRV context smoothly). 6. Removed the trailing semicolon on the last bullet (cleaner, standard in U.S. list formatting).

2 minutes ago