News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
There are truly no creative bottlenecks in the financialization of Web3.
DiDi has successfully transformed into a digital banking giant in Latin America by addressing the lack of local financial infrastructure, building an independent payment and credit system, and achieving a leap from a ride-hailing platform to a financial powerhouse. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
The Federal Reserve cut interest rates by 25 basis points, but the market interpreted the move as hawkish. Bitcoin is constrained by a structurally fragile range, making it difficult for the price to break through $100,000. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The Federal Reserve cut interest rates by 25 basis points with a 9-3 vote. Two members supported keeping rates unchanged, while one supported a 50 basis point cut. In addition, the Federal Reserve has restarted bond purchases and will buy $40 billion in Treasury bills within 30 days to maintain adequate reserve supply.
The launch of HyENA further expands the USDe ecosystem and brings institutional-grade margin efficiency to the on-chain perpetuals market.
- 01:57US Office of the Comptroller of the Currency: Investigation finds that large banks still refuse to provide services to legitimate crypto businessesJinse Finance reported that a preliminary report from the US Office of the Comptroller of the Currency (OCC) found that nine of the largest US banks restricted or refused to provide services to businesses based on the customers' legitimate activities (such as the crypto industry) rather than financial risk. The OCC's review covered the business policies of JPMorgan, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One Financial, PNC Bank, TD Bank, and Bank of Montreal. The OCC stated that at least some of these banks imposed special restrictions or enhanced scrutiny on clients from the above-mentioned industries, even when these businesses were legal. Comptroller of the Currency Jonathan V. Gould said the findings reflect the agency's commitment to "ending the weaponization of finance instigated by regulators or banks." He added that as the investigation continues, the OCC plans to hold banks accountable. The agency emphasized that the findings released on Thursday (December 11) are only the first phase of its investigation. While the OCC continues to assess whether banks are illegally discriminating against specific industries, thousands of complaints remain to be reviewed. The OCC has generally been relaxing its stance on cryptocurrency. Last month, the agency confirmed in an interpretive letter that major banks are officially allowed to hold cryptocurrency on their balance sheets to pay blockchain network fees for "other permissible" banking activities. On Tuesday (December 10), the regulator further stated that banks can process "riskless principal transactions" related to crypto assets.
- 01:45The Hong Kong Securities Association and the Securities and Futures Commission exchange views on virtual assets and new financial products, aiming to clarify the role of market makers.ChainCatcher News, the Hong Kong Securities and Futures Professionals Association has officially announced that it held a meeting with the Hong Kong Securities and Futures Commission, focusing on the development and regulation of the virtual asset industry and new financial products. The meeting mainly interpreted the latest policies, discussed compliance standards and over-the-counter trading supervision, and explored in depth the application of tokenized securities and the development path of derivatives. At the same time, the meeting also discussed topics such as optimizing asset transfer processes, clarifying the role of market makers, and improving company upgrade mechanisms, aiming to jointly promote the sound development of the industry.
- 01:43In the past hour, liquidations across the entire network reached $91.0026 million, with long positions being the main casualties.According to Jinse Finance, data shows that in the past hour, the total liquidations across the network reached $91.0026 million, with long positions liquidated for $88.7631 million and short positions for $2.2395 million, mainly affecting long positions. Among them, ETH liquidations amounted to $25.9156 million, and BTC liquidations reached $35.0187 million.
Trending news
MoreUS Office of the Comptroller of the Currency: Investigation finds that large banks still refuse to provide services to legitimate crypto businesses
The Hong Kong Securities Association and the Securities and Futures Commission exchange views on virtual assets and new financial products, aiming to clarify the role of market makers.