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India’s government doubled down on crypto skepticism while Nigeria embraced regulatory exploration. Their contrasting approaches signal two very different visions for Web3’s future across emerging markets.
The GENIUS Act’s stablecoin yield ban aimed to protect banks but opened a lucrative loophole instead. Crypto exchanges now capture and share yield, outpacing traditional lenders in rewards, innovation, and user growth—echoing fintech’s rise after the Durbin Amendment.
GAEA successfully held an AI+Web3 themed conference at TOKEN2049 Singapore Summit, announced an AI and blockchain integration protocol and an innovation partner program, and reached multiple cooperation intentions. Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still in the process of iterative improvement.
- 21:19The US Dollar Index fell by 0.16%, closing at 98.147.ChainCatcher News, according to Golden Ten Data, the US Dollar Index, which measures the dollar against six major currencies, fell by 0.16% on December 16, closing at 98.147 in the late foreign exchange market. 1 euro exchanged for 1.1758 US dollars, higher than the previous trading day's 1.1749 US dollars; 1 pound exchanged for 1.3426 US dollars, higher than the previous trading day's 1.3373 US dollars; 1 US dollar exchanged for 154.68 yen, lower than the previous trading day's 155.24 yen; 1 US dollar exchanged for 0.7946 Swiss francs, lower than the previous trading day's 0.7966 Swiss francs; 1 US dollar exchanged for 1.3746 Canadian dollars, lower than the previous trading day's 1.3773 Canadian dollars; 1 US dollar exchanged for 9.289 Swedish kronor, lower than the previous trading day's 9.2895 Swedish kronor.
- 21:10The three major U.S. stock indexes closed mixed.According to Jinse Finance, the three major U.S. stock indexes closed mixed, with the Dow Jones Industrial Average down 0.63%, the Nasdaq up 0.23%, and the S&P 500 down 0.24%. Tesla rose more than 3%, reaching a new all-time high since its listing.
- 21:09The Dow Jones Industrial Average closed down 302.3 points, and the S&P 500 fell 16.25 points.ChainCatcher News, according to Golden Ten Data, the Dow Jones Industrial Average closed down 302.3 points, a decrease of 0.62%, at 48,114.26 points on Tuesday, December 16; the S&P 500 Index closed down 16.25 points, a decrease of 0.24%, at 6,800.26 points; the Nasdaq Composite Index closed up 54.05 points, an increase of 0.23%, at 23,111.46 points.