Polygon Labs’ acquisition of Coinme is in its final stages, and the company has initiated layoffs.

Serenity noted that Micron Technology announced today it has signed a long-term memory agreement with Qualcomm, but Micron’s stock price still fell by 5.37% following the announcement. He believes that, with multiple structural agreements continuing to take effect, the current decline does not appear to stem from issues with storage or AI stocks themselves. The related drop is more likely due to the winding down of deleveraging and margin call liquidation chains.

1inch co-founder Anton Bukov published a statement saying he was fired at the end of November 2025. While he remains a co-founder of the decentralized exchange aggregator and holds a 50% stake, he is no longer involved in the company’s operations, product architecture, security design, or related oversight duties. Since co-founding 1inch in May 2019, Bukov led work on protocol architecture, security, and economic model design, and contributed to launching key products including the 1inch Router, 1inch Fusion, cross-chain atomic swaps, and shared liquidity automated market makers (AMMs). Bukov noted that feedback from users and team members over the past year led him to realize he could not stay on the sidelines of the company’s management and operations. He subsequently spent months learning leadership and communication skills and driving internal changes, before being dismissed in late November 2025. He also announced the launch of a new project called Second Tier, with plans to collaborate with like-minded teams to build secure, efficient systems that bridge the gap between economic intent and real-world execution.

The Kobeissi Letter stated that companies in the Russell 2000 index with negative earnings per share (EPS) have risen a cumulative 154% since mid-2025, while those with positive EPS have only gained 34% over the same period. So far this year, unprofitable companies in the Russell 2000 have climbed 45%, outperforming profitable firms' 18% rise. Driven by this trend, the Russell 2000 has rallied 20% year-to-date, on track to post its best annual performance since 2003. In comparison, the S&P 500 has gained 11% over the same period, while the US tech "Magnificent Seven" has risen just 4%. The top-performing small-cap stocks are mainly tech and infrastructure firms poised to benefit from AI spending. The market is rewarding AI-related exposure, regardless of whether the companies are profitable or not.

Injective has submitted a transfer agent registration application to the U.S. Securities and Exchange Commission (SEC), a move to bring core traditional financial market functions onto the blockchain. If the application is approved, the Injective network plans to maintain official ownership records for tokenized securities and real-world assets (RWA) directly on-chain.

Bank of America CEO Brian Moynihan has joined a host of Wall Street leaders in voicing serious concerns over AI models such as Mythos developed by Anthropic. “This marks a huge shift in workload, and also relates to how quickly these tools can impact system vulnerabilities, as well as how fast we need to respond,” Moynihan said. In recent months, the rapid evolution of AI models has prompted the financial industry and the U.S. government to begin assessing potential threats. Anthropic claims that Mythos, which launched earlier this year, excels at identifying system vulnerabilities. Bank of America is among the Wall Street institutions granted access to Mythos; the bank has used the model to test its own systems and share information with peers. The model is not yet open to the public. Earlier this week, JPMorgan Chase CEO Jamie Dimon warned that widespread public access to the system would be “as dangerous as handing a ballistic missile to an individual.” (Jinshi)

According to Fortune, Visa has launched a stablecoin platform that provides one-stop stablecoin services for banks and fintech companies, helping them integrate stablecoins into existing payment, settlement and fund flow systems. Visa aims to make it easier for its roughly 15,000 financial institutions and over 200 million merchants to use stablecoins through this platform. The firm processes around $15 trillion in annual payments and has already settled billions of dollars worth of stablecoin transactions to date. The platform will integrate Visa’s existing stablecoin services, reducing the complexity of blockchain technology for its clients, allowing them to focus on optimizing payment experiences. Merchants using stablecoins will benefit from instant settlements and lower transaction costs. The platform will strategically launch with OUSD, a stablecoin introduced by Open Standard two weeks ago, as its foundational infrastructure, while also adding support for USDC and USDG, which Visa already backs. Visa is a partner of Open Standard, and American Express and Mastercard are also involved in OUSD-related collaborations.