Lookonchain APP

App Store

Canada is holding a public consultation on its stablecoin regulatory draft, and continues to ban stablecoin issuers from paying interest.

43 minutes ago

Canada’s Department of Finance has launched a 60-day public consultation on its stablecoin regulatory draft, with a deadline of December 23. The draft continues to ban stablecoin issuers from paying interest on holdings directly or via third parties, but allows rewards tied to transaction activities. Under the draft, non-bank stablecoin issuers must back circulating fiat-pegged stablecoins with equivalent reserve assets at a 1:1 ratio, and hold those reserves in eligible Canadian financial institutions, including banks, credit unions, and trust companies. User redemptions of stablecoins must be processed within 3 business days, and redemption fees may not exceed 1%. Canada previously passed the Stablecoin Act, and this regulatory framework aims to clarify the requirements issuers must meet to register with the Bank of Canada. The framework is expected to take effect around the end of 2027. The draft comes as Canada’s banking sector is pushing for a ban on stablecoin payment yields to prevent funds from flowing out of traditional bank deposits into stablecoins. Meanwhile, some Canadian crypto platforms have been authorized to offer yields to eligible stablecoin holders.

Relevant content

US stocks extended their rally, with the Philadelphia Semiconductor Index rising 3% and the S&P 500 Index’s gain widening to 1%.

According to market data from BIT (Bit.com), U.S. stocks extended their rally, with the S&P 500 index’s gain expanding to 1%, the Nasdaq rising 1.3%, and the Philadelphia Semiconductor Index climbing 3%.

11 minutes ago

Anthropic's IPO filing boosts AI-related stocks; NVIDIA rises 3.1%, Micron gains 3.5%

According to market data from BIT (Bit.com), Anthropic's IPO filing boosted AI-related stocks: NVIDIA (NVDA.O) rose 3.1%, Microsoft (MSFT.O) gained 1.1%, Amazon (AMZN.O) increased 1%, Broadcom (AVGO.O) climbed 2.8%, Micron Technology (MU.O) advanced 3.5%, and SpaceX (SPCX.O) rose 1.4%.

11 minutes ago

US CFTC Chairman: Will Push Forward Voluntary Federal Registration Mechanism for Crypto Trading Platforms

Commodity Futures Trading Commission (CFTC) Chair Mike Selig issued a statement saying that crypto markets should enjoy the same safeguards as the mature protection mechanisms that have been in place for U.S. derivatives markets for decades. As Congress has yet to take action, the CFTC is advancing a voluntary federal registration regime for crypto trading platforms, bringing its regulatory standards closer to the high-level oversight framework of U.S. financial markets.

11 minutes ago

PeckShield: X100 attacker transfers 821 ETH to Tornado Cash

PeckShield said in a post that a wallet address marked as the X100 attacker has transferred 821.2 ETH to mixing protocol Tornado Cash, worth approximately $1.89 million. X100 (token symbol: X) suffered a flash loan governance attack on October 24, incurring losses of around $4.75 million. Following the incident, the X token plunged 96% in the past 24 hours.

11 minutes ago

Morgan Stanley Survey: Chinese Enterprises Require Humanoid Robots Priced Under 100,000 Yuan With A Three-Year Payback Period

Morgan Stanley’s latest survey indicates that Chinese enterprises’ willingness to procure humanoid robots remains on the rise, though the pace of commercial deployment has slowed, with cost and return on investment (ROI) emerging as key barriers. Among surveyed firms, 64% plan to launch humanoid robot pilot or large-scale projects over the next three years, but deployment timelines for all robot types have been pushed back by roughly a year overall. The survey found 72% of potential buyers deem a robot’s unit price must be below 100,000 RMB to be viable for widespread adoption, up from 53% in 2025; 82% require a payback period of no more than three years, with an average acceptable payback cycle of around 26 months. In applications, manufacturing and logistics warehousing remain the primary use cases, with prominent demand for material handling, packaging, and palletizing. However, satisfaction with existing products has dipped, with only 18% of potential buyers expressing satisfaction with current humanoid robot performance. On the brand front, Unitree Robotics remains the most widely followed integrator, but the share of respondents planning to purchase its products over the next three years has fallen from 60% in 2025 to 32%. Morgan Stanley notes that vendors that can prove improved production efficiency, meet reliability standards, and deliver clear ROI are better positioned to drive the commercialization of humanoid robots.

11 minutes ago

U.S. stocks extended their gains, with the Nasdaq rising 1.00% and the S&P 500 index up 0.78%.

According to market data from BIT (Bit.com), US stock gains have widened: the Nasdaq is up 1.00% at 26215.018 points; the Dow Jones Industrial Average is up 0.54% at 52499.230 points; and the S&P 500 index is up 0.78% at 7682.910 points.

11 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano