HSBC: The current tokenized deposit private chain standard being used is now aligned with Ethereum and ERC-20 compatibility
On December 4, Caixin reported that Sun Lei—HSBC’s Global Director of Local and Innovative Payment Products within its Global Payment Solutions division—stated in an interview the bank has long allocated resources to advance tokenized deposit offerings. Even if just 5% to 10% of commercial bank deposits become tokenized in the future, that figure would far outpace the market capitalization of any cryptocurrency currently available.
Currently, HSBC’s private blockchain adheres to the same technical specifications as Ethereum’s EVM-compatible and ERC-20 standards. That said, the bank does not rule out the possibility that certain user use cases may require adopting a public blockchain technical approach down the line. On whether HSBC will roll out tokenized loans next, the firm is already in discussions with clients about related programming implementations.
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Rate Cut Expectations Increase as Dollar Slumps on Multiple Bearish News
The U.S. dollar stayed soft in the previous trading session (Dec. 3) after hitting a five-week low, as U.S. economic data and news about the next Federal Reserve chair boosted rate-cut expectations ahead of next week’s policy decision.
On Wednesday, the ADP private-sector employment report missed expectations, while ISM non-manufacturing data signaled easing price pressures. These releases followed former President Trump’s hint that he would nominate Kevin Hassett as the Fed’s next chair.
LSEG data shows markets have priced in an 85% probability of a Fed rate cut at its December meeting.
(Xinhua)
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ANT.FUN has officially obtained a Money Services Business (MSB) license in Canada today.
On December 4, decentralized exchange ANT.FUN officially secured the Canadian Money Services Business (MSB) license—marking a critical step in the platform’s global compliance strategy. This milestone not only strengthens ANT.FUN’s compliance credentials in the North American market but also lays a solid foundation for its future global business expansion.
Regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Canadian MSB license is one of the most respected compliance credentials in the global digital asset industry. Licensed entities must adhere to strict Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements, so obtaining the MSB license confirms ANT.FUN meets international standards in risk control, secure operations, and compliance-focused growth.
As a next-generation decentralized exchange, ANT.FUN has always prioritized core principles of security, transparency, and compliance. This approval showcases the team’
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Bitunix Analyst: ADP Employment Shocker Overlapping Fund Divergence, BTC $93k a Key Short-Term Bull/Bear Inflection Point
On December 4, latest data showed U.S. ADP private payrolls unexpectedly fell by 32,000 in November—far weaker than market forecasts—signaling a faster pace of labor market cooling. The report is a key lead-up to the Fed’s December rate decision, with soft jobs data adding another variable to potential policy shifts.
Post-data, safe havens gained: gold rebounded to ~$4,220, while crypto markets saw wider range-bound swings.
Macro breakdown: Job losses were concentrated in small businesses (firms with <50 employees cut 120k positions last month, the biggest drop since March 2023), reflecting dual pressure on end demand and financing conditions. Wage growth slowed to 4.4%, pointing to marginal easing of inflationary pressures. Rate futures now price a nearly 90% chance of a 25bp Fed rate cut in December. Short-term rate expectations have turned dovish, the dollar index is seeing heightened volatility, and risk assets are in a repricing phase.
Crypto markets: ETF flows are diverg
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