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Bitget has launched U-based CYS and US perpetual contracts.

2 hours ago

On December 12th, Bitget announced via an official statement the launch of U-based CYS and US perpetual contracts, offering a maximum leverage of 1 to 25x. Contract trading bots will also go live simultaneously.
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Huaxia Fund Hong Kong Launches Asia's Largest Tokenized Money Market Fund on Solana

Katie He, Head of Product and Strategy at ChinaAMC Hong Kong (ChinaAMC HK), announced at the Solana Breakpoint Conference on December 12 that the firm will launch Asia’s first and largest tokenized currency market fund. Covering the Hong Kong Dollar (HKD), U.S. Dollar (USD), and Chinese Yuan (RMB), the fund will tokenize traditional currency market instruments to offer investors secure on-chain access to stable return opportunities—with full transparency and real-time settlement. Following months of collaboration with regulators and partners including OSL, this innovation will expand beyond Hong Kong to broader markets and is natively deployed on the Solana blockchain.

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Curve DAO has approved increasing YieldBasis's crvUSD credit limit to $1 billion.

On December 12, Curve DAO announced it has approved raising YieldBasis’s crvUSD credit line from $300 million to $1 billion. While this is the maximum allowed credit line, it won’t be allocated immediately—usage will expand gradually as crvUSD liquidity increases. Curve set the overall limit, and YieldBasis needs its own governance vote to lift its individual market cap within that framework.

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Interactive Brokers will allow funding your brokerage account with a stablecoin

On December 12, Bloomberg reported that Interactive Brokers will permit the use of stablecoins to fund brokerage accounts.

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Zepz Launches SendWave Wallet, a Non-Custodial Wallet for Solana-based Stablecoin

On December 12, a senior executive from UK fintech Zepz announced at the Solana Breakpoint conference that the firm has launched the SendWave Wallet — a non-custodial wallet backed by Solana’s stablecoin infrastructure. Designed for cross-border remittances and financial services, the wallet currently serves 100 countries and regions, with collaboration support from partners Circle and Portal.

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Hong Kong Monetary Authority: Reminds the Public to Beware of Scam Activities Impersonating Its Official Website

On December 12, the Hong Kong Monetary Authority (HKMA) issued a statement warning the public about recent scams involving fake versions of its official website. These scams aim to steal users’ cryptocurrency or personal financial information. As Hong Kong ramps up development of its virtual asset regulatory framework, scammers have stepped up attacks targeting crypto investors. HKMA is urging people to stay alert, only access information through official channels, and avoid losing assets.

9 minutes ago

Fed FOMC Member Explains Opposition to Rate Cut: Inflation Risk Still Too High, Should Prudently Wait for More Information

December 12 – A Federal Reserve voting member on Wednesday detailed his dissent at this month’s interest rate meeting. Chicago Fed President Evans said his dissent this week was to wait for more economic data to confirm whether tariff impacts on inflation are only temporary. Almost all businesses and consumers he has recently engaged with in his district cite prices as a top concern, so he favors a cautious approach to gather additional information. Evans still optimistically expects interest rates could fall “quite substantially” next year. Kansas City Fed President George noted inflation remains too high, economic growth momentum stays strong, and while the labor market has cooled somewhat, it remains broadly balanced. She believes current monetary policy—even if restrictive—is only slightly so. Philadelphia Fed President Purser (who will gain voting rights in 2026) said the labor market is “under pressure but not collapsing,” and monetary policy is somewhat restrictive, tho

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