Pyth Network has announced plans to establish the PYTH Reserve and conduct a monthly open-market buyback of the PYTH token.

**OKX Announces USDG Yield Offer for Account Holders** As of an official announcement on December 12, OKX users holding USDG in their funding, trading, or lending accounts will automatically earn up to 4.10% annualized yield from December 11, 2025 (00:00 UTC+8) through January 11, 2026 (00:00 UTC+8). The platform-provided yield is withdrawable or usable at any time, balancing trading needs with wealth management goals. Users can check earnings anytime via the OKX app (version 6.136.10 or higher) by navigating to **Assets > Click USDG**. Looking ahead, OKX will expand USDG’s use cases across more trading and wealth management scenarios. USDG is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and approved by Singapore’s Monetary Authority of Singapore (MAS) as a major payment institution for digital payment token services.

On December 12, Bitget announced that its Blockchain4Youth (B4Y) education initiative had completed a new Starlink satellite network deployment in remote Philippine islands, bringing fast, stable internet access to six schools across Surigao del Norte, Siquijor, and Dinagat Islands provinces. The rollout has connected over 7,300 students and 100+ teachers. For schools that long relied solely on paper materials or struggled with unreliable internet, this deployment now enables them to leverage high-speed connectivity for teaching.

On December 12, director Carl Rinsch—best known for helming the 2013 Keanu Reeves-starring film *47 Ronin*—was convicted of wire fraud and money laundering. Prosecutors accused Rinsch of embezzling $11 million from Netflix, with some of the funds used to purchase cryptocurrency. Earlier reports noted Rinsch initially invested $4 million in Dogecoin, netting $27 million in profits before squandering most of that sum on luxury goods. Rinsch faces up to 90 years in prison and is scheduled to be sentenced on April 17, 2026.

December 12th — Coinglass data shows funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal a shift in market sentiment: from a bearish bias to neutral. Specific funding rates for top cryptocurrencies are available in the attached image. [BlockBeats Note] Funding rates are fees set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. They facilitate fund transfers between long and short traders—exchanges do not collect these fees. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to the underlying asset. Rate breakdown: - 0.01% = baseline - >0.01% = bullish bias - <0.005% = bearish bias

December 12 — CoinDesk reports that cryptocurrency exchange Coinbase and Standard Chartered Bank (a bank with a friendly stance toward crypto businesses) have expanded their collaboration in the digital asset space. The pair are jointly exploring product development across institutional client trading, prime brokerage services, custody, staking, and lending. This partnership builds on their existing collaboration in Singapore, where Standard Chartered provides banking connectivity services for Coinbase customers to enable real-time Singapore dollar transfers.