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StraitX to launch Singapore Dollar and US Dollar stablecoins on Solana in early 2026
ChainCatcher reported that recently, crypto infrastructure company StraitX announced on Tuesday its plan to launch the Singapore dollar stablecoin XSGD and the US dollar stablecoin XUSD on the Solana blockchain in early 2026. This will enable instant exchange between the two currencies on Solana, facilitating digital foreign exchange trading.
For Solana, this will be the first Singapore dollar stablecoin, further expanding its role as a global payment chain. Currently, Solana already has 15.7 billions USD in stablecoins, but has always lacked a Singapore dollar option.
ChainCatcher reported that recently, crypto infrastructure company StraitX announced on Tuesday its plan to launch the Singapore dollar stablecoin XSGD and the US dollar stablecoin XUSD on the Solana blockchain in early 2026. This will enable instant exchange between the two currencies on Solana, facilitating digital foreign exchange trading.
For Solana, this will be the first Singapore dollar stablecoin, further expanding its role as a global payment chain. Currently, Solana already has 15.7 billions USD in stablecoins, but has always lacked a Singapore dollar option.
PancakeSwap incubates on-chain prediction market Probable, set to launch on BNB Chain
ChainCatcher reported that PancakeSwap has announced the launch and incubation of Probable, a fully on-chain prediction market platform. The project is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on BNB Chain.
According to the introduction, Probable is positioned as a user-centric on-chain prediction platform, featuring zero fees, fully on-chain settlement, and a simplified user experience. The platform will not charge any prediction fees in its initial phase. Leveraging BNB Chain’s low-cost and high-performance infrastructure, it will support users in predicting the trends of crypto assets, global events, sports competitions, and certain region-specific markets.
In terms of mechanism, Probable adopts UMA’s Optimistic Oracle as the event adjudication tool, confirming results through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. In addition, users can deposit with any token, and the system will automatically convert it to USDT on BNB Chain for participation in predictions, lowering the operational threshold.
PancakeSwap stated that Probable is an independent project, and its team will advance product implementation and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch soon.
ChainCatcher reported that PancakeSwap has announced the launch and incubation of Probable, a fully on-chain prediction market platform. The project is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on BNB Chain.
According to the introduction, Probable is positioned as a user-centric on-chain prediction platform, featuring zero fees, fully on-chain settlement, and a simplified user experience. The platform will not charge any prediction fees in its initial phase. Leveraging BNB Chain’s low-cost and high-performance infrastructure, it will support users in predicting the trends of crypto assets, global events, sports competitions, and certain region-specific markets.
In terms of mechanism, Probable adopts UMA’s Optimistic Oracle as the event adjudication tool, confirming results through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. In addition, users can deposit with any token, and the system will automatically convert it to USDT on BNB Chain for participation in predictions, lowering the operational threshold.
PancakeSwap stated that Probable is an independent project, and its team will advance product implementation and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch soon.
Tom Lee: The crypto market has 200 times its current potential, and the best times are yet to come
Jinse Finance reported, citing CNBC, that Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in an interview: "The best times in the cryptocurrency sector have yet to come. Currently, there are only 4 million bitcoin wallets holding more than $10,000 worth of BTC, while globally there are 900 million retirement and brokerage accounts, each with about $10,000. This means the market potential for cryptocurrency is 200 times what it is now. I think there were indeed some concerns about quantum computing in the past, and there was also a large-scale deleveraging event on October 11, but from a fundamental perspective, this year is ending at a very high level. The US government has already passed legislation and regulations favorable to cryptocurrency, and Wall Street has shown strong interest in building financial products on the blockchain, so the future direction and outlook are very clear, with high visibility, but token prices remain uncertain."
Jinse Finance reported, citing CNBC, that Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in an interview: "The best times in the cryptocurrency sector have yet to come. Currently, there are only 4 million bitcoin wallets holding more than $10,000 worth of BTC, while globally there are 900 million retirement and brokerage accounts, each with about $10,000. This means the market potential for cryptocurrency is 200 times what it is now. I think there were indeed some concerns about quantum computing in the past, and there was also a large-scale deleveraging event on October 11, but from a fundamental perspective, this year is ending at a very high level. The US government has already passed legislation and regulations favorable to cryptocurrency, and Wall Street has shown strong interest in building financial products on the blockchain, so the future direction and outlook are very clear, with high visibility, but token prices remain uncertain."
Solana: Frequent DDoS Attacks in the Past Week, but No Impact on Network Performance
Jinse Finance reported that Solana officially stated that over the past week, Solana has been subjected to ongoing DDoS attacks, ranking as the fourth largest in the history of any distributed system. As of now, this attack has not caused any impact on Solana's network performance. Solana was designed with the goal of surviving even under such extreme circumstances.
Jinse Finance reported that Solana officially stated that over the past week, Solana has been subjected to ongoing DDoS attacks, ranking as the fourth largest in the history of any distributed system. As of now, this attack has not caused any impact on Solana's network performance. Solana was designed with the goal of surviving even under such extreme circumstances.
A whale closed an ETH long position at a loss, losing $4.86 million, and has withdrawn all remaining funds from the account.
BlockBeats News, December 16, according to Onchain Lens monitoring, a whale who previously lost $3.34 million going long on ETH and then reopened an 8x leveraged long position on ETH has now fully closed out, incurring an additional loss of $1.23 million this time.
Overall, this whale has accumulated a total loss of $4.86 million and has withdrawn all remaining funds from Hyperliquid.
BlockBeats News, December 16, according to Onchain Lens monitoring, a whale who previously lost $3.34 million going long on ETH and then reopened an 8x leveraged long position on ETH has now fully closed out, incurring an additional loss of $1.23 million this time.
Overall, this whale has accumulated a total loss of $4.86 million and has withdrawn all remaining funds from Hyperliquid.
Two Paradigm executives have announced their resignation in the past two days.
BlockBeats News, on December 16, Nick Martitsch, Head of Market Development at crypto venture capital firm Paradigm, announced that he will be leaving after three years at Paradigm.
According to a report yesterday, Paradigm General Partner Charlie Noyes announced his resignation from the relevant position, but will continue to participate in Kalshi affairs as a board observer together with Paradigm founder Matt Huang, and will also continue to support Paradigm's portfolio companies and founders.
BlockBeats News, on December 16, Nick Martitsch, Head of Market Development at crypto venture capital firm Paradigm, announced that he will be leaving after three years at Paradigm.
According to a report yesterday, Paradigm General Partner Charlie Noyes announced his resignation from the relevant position, but will continue to participate in Kalshi affairs as a board observer together with Paradigm founder Matt Huang, and will also continue to support Paradigm's portfolio companies and founders.
Bitunix Analyst: Nonfarm Payroll Data Distortion Amplifies Policy Expectations, Crypto Market Focuses on "Direction Rather Than Numbers"
BlockBeats News, December 16, the US November non-farm payrolls report will be released today. The market generally expects only about 50,000 new jobs, and the unemployment rate may rise to 4.4%–4.5%, indicating an overall weak tone. FOREX.com pointed out that any result below expectations could prompt the market to price in the next Federal Reserve rate cut earlier; Mitsubishi UFJ also warned that if both employment and unemployment rate deteriorate simultaneously, selling pressure on the US dollar may continue until the end of the year.
It is important to note that both this non-farm payrolls report and the subsequently released CPI are considered "incomplete data." Due to the government shutdown, the October unemployment rate was historically missing, some CPI components could not be supplemented, and the November household survey weights were forced to be adjusted. Officials have also admitted that data variance is higher in the short term. This means the credibility of a single figure has decreased, and the market will be more inclined to trade based on "policy direction expectations" and "changes in risk sentiment" rather than the precise employment increase itself.
From the perspective of the crypto market, weak non-farm payrolls combined with data distortion have a dual impact on risk assets: on one hand, earlier rate cut expectations are favorable for liquidity prospects, providing medium-term support for assets such as BTC; on the other hand, increased data uncertainty may trigger sharp short-term volatility in interest rates, the US dollar, and the crypto market, making leveraged funds more susceptible to liquidation.
Bitunix analyst: During the phase of "low credibility macro data," the core of market speculation is not about whether the non-farm payrolls are good or bad, but whether they are sufficient to change the Federal Reserve's policy narrative. The crypto market should be alert to liquidity sweeps and high volatility before and after the event, and focus on whether funds use macro uncertainty to deleverage and reprice.
BlockBeats News, December 16, the US November non-farm payrolls report will be released today. The market generally expects only about 50,000 new jobs, and the unemployment rate may rise to 4.4%–4.5%, indicating an overall weak tone. FOREX.com pointed out that any result below expectations could prompt the market to price in the next Federal Reserve rate cut earlier; Mitsubishi UFJ also warned that if both employment and unemployment rate deteriorate simultaneously, selling pressure on the US dollar may continue until the end of the year.
It is important to note that both this non-farm payrolls report and the subsequently released CPI are considered "incomplete data." Due to the government shutdown, the October unemployment rate was historically missing, some CPI components could not be supplemented, and the November household survey weights were forced to be adjusted. Officials have also admitted that data variance is higher in the short term. This means the credibility of a single figure has decreased, and the market will be more inclined to trade based on "policy direction expectations" and "changes in risk sentiment" rather than the precise employment increase itself.
From the perspective of the crypto market, weak non-farm payrolls combined with data distortion have a dual impact on risk assets: on one hand, earlier rate cut expectations are favorable for liquidity prospects, providing medium-term support for assets such as BTC; on the other hand, increased data uncertainty may trigger sharp short-term volatility in interest rates, the US dollar, and the crypto market, making leveraged funds more susceptible to liquidation.
Bitunix analyst: During the phase of "low credibility macro data," the core of market speculation is not about whether the non-farm payrolls are good or bad, but whether they are sufficient to change the Federal Reserve's policy narrative. The crypto market should be alert to liquidity sweeps and high volatility before and after the event, and focus on whether funds use macro uncertainty to deleverage and reprice.
Trump files lawsuit over misleading editing in BBC documentary, seeking at least $10 billions in damages
BlockBeats News, December 16, according to Bloomberg, U.S. President Donald Trump has filed a lawsuit against the BBC over a misleading edit in a documentary last year, seeking at least $10 billion in damages. Trump claims that the edit gave the false impression that he directly incited violence during a speech before his supporters stormed the U.S. Capitol on January 6, 2021.
The lawsuit against the British Broadcasting Corporation (BBC) was filed on Monday in federal court in Miami. The complaint contains two allegations: one for defamation, and another accusing the BBC of violating Florida's trade practices law.
Trump is seeking at least $5 billion in damages for each allegation, as well as compensation for other related costs.
BlockBeats News, December 16, according to Bloomberg, U.S. President Donald Trump has filed a lawsuit against the BBC over a misleading edit in a documentary last year, seeking at least $10 billion in damages. Trump claims that the edit gave the false impression that he directly incited violence during a speech before his supporters stormed the U.S. Capitol on January 6, 2021.
The lawsuit against the British Broadcasting Corporation (BBC) was filed on Monday in federal court in Miami. The complaint contains two allegations: one for defamation, and another accusing the BBC of violating Florida's trade practices law.
Trump is seeking at least $5 billion in damages for each allegation, as well as compensation for other related costs.
Japanese and South Korean stock indices closed sharply lower, with South Korea's KOSPI index down 2.24%.
BlockBeats News, December 16, the Nikkei 225 Index closed down 784.82 points, a decrease of 1.56%, at 49,383.29 points on December 16 (Tuesday). The Korea KOSPI Index closed down 91.46 points, a decrease of 2.24%, at 3,999.13 points on December 16 (Tuesday). (Golden Ten Data)
BlockBeats News, December 16, the Nikkei 225 Index closed down 784.82 points, a decrease of 1.56%, at 49,383.29 points on December 16 (Tuesday). The Korea KOSPI Index closed down 91.46 points, a decrease of 2.24%, at 3,999.13 points on December 16 (Tuesday). (Golden Ten Data)
Former Vice Minister of the Ministry of Industry and Information Technology Wang Jiangping: AI Scientific Discovery Faces a "Bottleneck" Dilemma
Jinse Finance reported that today, Wang Jiangping, former Vice Minister of the Ministry of Industry and Information Technology, pointed out that there is currently a "barrier lake" dilemma in AI scientific discovery. He analyzed that AI's predictive achievements are growing at an exponential rate, while human verification and industrialization capabilities are only increasing linearly, resulting in a huge gap between the two. The predictions made by AI in one day would take humans 10 years or even longer to verify. This contradiction, like a "barrier lake," blocks the channel for scientific discoveries to be transformed into practical applications, causing a massive amount of predictive results to be unable to be experimentally verified and industrialized in a timely manner, and also occupying a large amount of scientific research and computing resources. (Guoshi Direct Train)
Jinse Finance reported that today, Wang Jiangping, former Vice Minister of the Ministry of Industry and Information Technology, pointed out that there is currently a "barrier lake" dilemma in AI scientific discovery. He analyzed that AI's predictive achievements are growing at an exponential rate, while human verification and industrialization capabilities are only increasing linearly, resulting in a huge gap between the two. The predictions made by AI in one day would take humans 10 years or even longer to verify. This contradiction, like a "barrier lake," blocks the channel for scientific discoveries to be transformed into practical applications, causing a massive amount of predictive results to be unable to be experimentally verified and industrialized in a timely manner, and also occupying a large amount of scientific research and computing resources. (Guoshi Direct Train)