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K-POP World Alliance President: Driving the involvement of 20,000 industry mainstays in MOVA Chain to build a compliant Web3 ecosystem

51 minutes ago

On December 3, Park Ki Hwal—senior Korean cultural industry figure and president of the K-POP World Alliance—announced he will drive over 20,000 core members of his affiliated top hip-hop community to fully integrate into the MOVA Chain ecosystem. This move is viewed as a key step in the K-POP industry’s shift from “content globalization” to “value globalization.” Going forward, on-chain applications including ticket payments, fan membership systems, and Real World Assets (RWA) will be directly explored via the MOVA Chain ecosystem. MOVA Chain, a financial-grade modular blockchain, boasts three core technical advantages: - A high-performance execution core to meet high-concurrency demands of large-scale commercial applications; - A native compliance architecture supporting pre-transaction compliance verification, addressing traditional public blockchains’ pain point of failing to meet institutional regulatory requirements; - Modular asset management via a unified asset kernel. Centered on modular design, MOVA Chain is built specifically for financial-grade scenarios like payments, clearing, and asset issuance. In performance tests, it has hit a peak TPS of 110,547 and a confirmation time of under 1.5 seconds—placing its performance at a globally leading level. MOVA previously completed a $100 million strategic financing round, led by the Aqua1 Foundation and UAE GeoNova Capital (a fund backed by Standard Chartered Bank, several UAE institutions, and family offices), with participation from top Abu Dhabi financial institutions.
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Antithesis has successfully raised $105 million in Series A funding, with Jane Street leading the round.

December 3 (CoinDesk) — Antithesis, a distributed systems testing startup, has closed a $105 million Series A funding round led by Jane Street, the well-known quantitative trading firm. Other investors include Amplify Venture Partners, Spark Capital, Tamarack Global, and individual backers like Stripe co-founder Patrick Collison. Antithesis will use the funds to expand its engineering team, boost automation capabilities, and grow its global market presence. The company specializes in deterministic simulation testing for "never-down" systems (such as blockchains), running large-scale production-grade simulations to uncover edge cases that could trigger real-world network failures. A key platform advantage: the ability to precisely reproduce errors when systems fail, letting engineers quickly pinpoint issues. Notably, Ethereum leveraged Antithesis’ simulation technology for stress testing before upgrades—simulating extreme conditions to spot vulnerabilities ahead of its proof-of-stake

6 minutes ago

The European Banking Alliance has established the stablecoin issuing entity Qivalis, which will launch a Euro stablecoin in the second half of 2026.

December 3, nine top European banks have jointly formed Qivalis—a stablecoin issuer registered in Amsterdam—and launched a euro stablecoin compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The participating institutions include the Netherlands’ ING Group, Italy’s Banca Sella, Belgium’s KBC, Denmark’s Danske Bank, Germany’s DekaBank, Italy’s UniCredit, Sweden’s SEB, Spain’s CaixaBank, and Austria’s Raiffeisen Bank International. In a joint statement, the banks said the move will offer a true European alternative to the U.S.-dominated stablecoin market, boosting Europe’s strategic autonomy in payments. The stablecoin is designed to enable near-instant, low-cost transactions, plus 24/7 efficient cross-border payments, programmable payments, improved supply chain management, and optimized digital asset settlement. It is set to make its first issuance in the second half of 2026.

6 minutes ago

Renaiss Makes Appearance at Binance Blockchain Week: Closed Beta Finale Card Pack Sells Out in Ten Minutes, Open Beta Coming Soon

On December 3rd, Renaiss Protocol announced that the final batch of its Closed Beta—featuring PSA-certified high-rated Pokémon card packs “Da Vinci Pack 4.0”—officially launched and sold out in just 10 minutes after going live. This continues the high-demand trend seen in its multiple prior pack releases. The Renaiss team also attended Dubai Binance Blockchain Week and hosted an offline “Catch Pikachu” event. To participate, users only needed to locate founder Winchman at the venue, interact with him and share content to receive a card pack and a special SBT (Soulbound Token). Additionally, an on-site card price guessing game was held: whoever guessed closest to the actual value of a card held by the founder won a 1 BNB reward. The event runs through December 6th, with a special session taking place in Abu Dhabi on December 5th and 6th. It has drawn in many users, boosting Renaiss’s visibility in the global crypto and collectibles community. Moreover, the community recently spott

6 minutes ago

Decentralized Exchange Platform Ostium Completes $20 Million Series A Funding

On December 3rd, decentralized exchange (DEX) platform Ostium closed a $20 million Series A funding round, led by venture capital firm General Catalyst and Jump Trading’s crypto arm—the quantitative trading firm’s dedicated crypto division. Other participants include Coinbase Ventures, Wintermute, and GSR, according to a Fortune report. Sources familiar with the deal told Fortune the funding values Ostium at roughly $2.5 billion. Previously, the platform had raised about $8 million. Founded in 2022, Ostium’s co-founders and CEOs are Kaledora Kiernan-Linn and Marco Antonio Ribeiro. Unlike protocols like Hyperliquid—which focus on cryptocurrency perpetual contracts—Ostium centers on trading tangible assets such as metals and energy. It plans to use the fresh capital to expand into non-crypto user markets outside the U.S.

6 minutes ago

After the ADP data release, the probability of a 25 basis point rate cut by the Federal Reserve in December decreased slightly to 88.8%.

On December 3, CME’s FedWatch Tool data shows that following the release of today’s ADP report, the probability of the Federal Reserve cutting interest rates by 25 basis points at its December meeting stands at 88.8% — down from 89.2% prior to the announcement — while the odds of rates holding steady are 11.2%. For the period through January, the odds of the Fed keeping rates unchanged are 29.5%, with cumulative probabilities of 63% for a 25-basis-point cut and 7.8% for a 50-basis-point cut. The Fed’s next two FOMC meeting dates are December 10 and January 28, 2026.

6 minutes ago

YZi Labs Issues Corrective Action Notice to "BNB Strategy" BNC Asset Manager 10X Capital

On December 3, YZi Labs issued a rectification notice and request to 10X Capital—the asset manager of the "BNB Version Micro Strategy" CEA Industries (BNC). The notice reminds shareholders of CEA Industries, Inc. to be aware of 10X Capital’s disruptive conduct. If 10X Capital continues delaying information disclosure, exacerbating conflicts of interest, or mismanaging the asset, shareholders face the risk of ongoing stock price declines. YZi Labs has demanded 10X Capital take immediate corrective actions, including: - Improving its governance structure; - Committing to implementing the promised BNB Decentralized Treasury (DAT) strategy. According to market data, BNC’s stock price has plummeted by over 92% from its historical high of $82.88 (post the BNB treasury establishment announcement) and is now trading at $7.06.

6 minutes ago