December 14: Hong Kong Legislative Council Member Wu Chi-chung said in a social media post that he will continue to advance Hong Kong’s Web3 development, sharing his views on the future of stablecoins and Real World Assets (RWAs) as follows: He noted that stablecoin development in Hong Kong will see no major changes and will progress steadily. The Stablecoin Bill was passed by the 7th Legislative Council session after extensive deliberation and discussion. Overall development will align with the international and Hong Kong financial environment, moving forward steadily—starting with a pilot in the local market, targeting international market expansion, and leveraging Hong Kong’s status as a financial and tech innovation hub. RWAs are a widely discussed topic in both traditional and Web3 industries. Hong Kong has already launched regulatory sandboxes, and it is believed the sandboxes will explore the importance of compliant development and future regulatory directions. Different i

**December 14: Kevin Warsh’s Odds to Be Next Fed Chair Surge on Prediction Markets** Odds that former Federal Reserve Governor Kevin Warsh will be nominated as the next Fed Chair by President Trump have jumped sharply across two major prediction platforms: - On Polymarket: Warsh’s odds rose from 7% to 38%, while White House Council of Economic Advisers (CEA) Chair Kevin Hassett’s odds fell from a high of 85% to 52%. - On Kalshi: Warsh’s odds climbed from 10% to 41%, and Hassett’s odds dropped from a peak of 81% to 51%. When asked Friday afternoon if Warsh was the top candidate, Trump said: “Yes, I think he is. I think both Kevins are great.” He added, “There are several other excellent candidates too.” JPMorgan Chase CEO Jamie Dimon previously endorsed Warsh, calling him a “great Chair.”

On December 14, the Base Layer sports prediction app Football.Fun announced its public sale will launch on Legion on December 16, with users required to participate using $1 on the Ethereum mainnet.

December 14: Trump expresses hope interest rates will stay at 1% or lower within a year.

On December 14, Pakistan’s Ministry of Finance signed a non-binding Memorandum of Understanding (MoU) with Binance to explore tokenizing up to $2 billion in sovereign bonds, treasury bills, and commodity reserves. Its Virtual Asset Regulatory Authority also granted initial approval for Binance and HTX to initiate their local license application processes. Previously, Pakistan had announced plans to launch a national stablecoin as part of a wider digital financial reform initiative.

December 14th — Two suspects have been arrested in Ukraine in connection with a cryptocurrency-linked car arson and murder case in Vienna, Austrian police confirmed Wednesday. The victim, 21-year-old Daniil Kuzmin, was the son of Sergei Kuzmin, deputy mayor of Ukraine’s Kharkiv. Kuzmin, who was studying in Vienna, had reportedly disclosed details about his father’s position and his family’s cryptocurrency assets to one of the suspects. The suspects are: - 45-year-old Alexander Agafiev, a former Ukrainian customs official and ex-department head at Odessa Customs (nearly $90,000 found on him during arrest); - 19-year-old Bogdan Reenzhuk, stepson of Olesia Irashko, Ukraine’s ambassador to Bulgaria. Vienna police said the pair targeted Kuzmin to steal the password to his crypto wallet. Bloodstains at the underground parking garage of Vienna’s Sofitel Hotel indicate Kuzmin was assaulted there. He was locked in his family’s Ukrainian-plated Mercedes-Benz for hours, tortured unti