Twenty One is expected to debut on the New York Stock Exchange today under the ticker symbol XXI
December 9. Jack Mallers, CEO of Bitcoin investment firm Twenty One Capital (backed by Cantor Fitzgerald and Mallers himself), tweeted that Twenty One is set to begin trading on the NYSE today under the ticker XXI. As part of the listing settlement process, the team will transfer more than 43,500 bitcoins from its custody account to its self-custody account, and will update the corresponding proof-of-reserves upon completion.
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Airwallex Founder Reveals Rejecting $1.2B Acquisition Offer from Stripe
**Airwallex CEO: Rejected $1.2B Stripe Offer in 2018; Now Valued at $8B With $1B ARR**
Airwallex Founder and CEO Jack Zhang shared on December 9 that the global payment startup turned down a $1.2 billion acquisition proposal from Stripe in 2018—when the company’s annual revenue was just $2 million, marking a 600x revenue multiple for the offer.
“Based on Stripe’s latest stock price, I could have personally earned over $2 billion from the deal,” Zhang noted, adding the team rejected the proposal.
Fast forward to today: Airwallex has raised $330 million in its latest funding round, securing an $8 billion valuation and $1 billion in annual recurring revenue (ARR).
Earlier reports confirmed the round, led by Addition, with participation from Activant, Lingotto, TIAA Ventures and other institutional investors. Notably, the new valuation represents a roughly 30% jump from the company’s prior funding round just six months ago.
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The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.3%.
As of Dec. 9, CME Group’s FedWatch Tool shows an 87.3% probability the Federal Reserve will cut interest rates by 25 basis points at its December meeting, versus a 12.7% chance of holding rates steady.
The Fed will announce its interest rate decision (covering the period through Dec. 10) at 3:00 a.m. Beijing time on Dec. 11, with markets forecasting the target rate to be 3.75% (down from the prior 4.00%). Fed Chair Jerome Powell will hold a monetary policy press conference at 3:30 a.m. Beijing time immediately following the announcement.
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USDT Recognized by Abu Dhabi Regulator as 'Stablecoin'
On December 9, Cointelegraph reported that Tether’s USDT stablecoin has been approved as a "fiat reference token" by the Abu Dhabi Global Market (ADGM).
This designation enables licensed institutions to conduct transactions, custody, and other USDT-related services within a regulated framework. It represents a key milestone for USDT under Abu Dhabi’s regulatory system, further expanding its use in cross-border settlements, institutional custody, and payment scenarios.
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Michael Saylor Advocates for Bitcoin-Backed Digital Banking System to Governments
December 9th — Per Cointelegraph, Michael Saylor, founder of Strategy, is urging governments worldwide to build Bitcoin-powered digital banking systems. These systems could offer high-yield, low-volatile accounts capable of drawing trillions of dollars in deposits.
During a speech at the Bitcoin MENA event in Abu Dhabi, Saylor noted nations can tap overcollateralized Bitcoin reserves and tokenized credit instruments to launch regulated digital banking accounts, offering yields higher than traditional deposits.
He pointed out that bank deposits in Japan, Europe, and Switzerland yield almost nothing, whereas Euro money market fund yields hover around 150 basis points and U.S. money market rates are near 400 basis points. This, he said, explains why investors are flocking to the corporate bond market: “If people weren’t so averse to bank accounts, the corporate bond market wouldn’t exist at all.”
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