Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics. This article is the news segment of the weekly summary, giving you a glimpse into the major events in the blockchain industry this week.
Headlines
▌Reuters: Strategy to Remain in Nasdaq 100 Index
According to Reuters, despite increasing scrutiny for its large-scale Bitcoin hoarding, Strategy (formerly MicroStrategy) will remain a component stock in the Nasdaq 100 Index. The annual index adjustment confirms that Strategy has not been removed, and its position will be retained after the new round of adjustments takes effect.
The report points out that market attention on Strategy is mainly focused on its business model, which is highly dependent on Bitcoin price fluctuations, but this has not affected its current position in the Nasdaq 100. EXOR Group: Rejects Tether's Proposal to Acquire Juventus Stake, Reiterates No Intention to Sell Juventus Shares.
Previously reported, cryptocurrency giant Tether was very serious about its plans to acquire Juventus Football Club and was prepared to make a new offer exceeding €2 billion. Cryptocurrency giant Tether is serious about its plans to acquire Juventus Football Club, and is preparing to make a new offer exceeding €2 billion. Yesterday, Tether submitted an offer to the Exor board to acquire the 65.4% stake in Juventus held by the Agnelli family holding company. This news was announced by CEO Paulo Aldoino via social media, but this is only the beginning of negotiations. 0G Foundation: Contract Attack Leads to the Theft of 520,000 $0G Tokens On December 13th, the 0G Foundation announced on the X platform that a targeted attack disrupted its rewards contract. Attackers exploited the emergency withdrawal function of the 0G reward contract used to distribute affiliate rewards, stealing 520,010 $0G tokens, which were subsequently bridged and distributed via Tornado Cash. The attackers obtained a leaked private key from an Alibaba Cloud instance responsible for managing NFT state and reward updates, which stored the private key locally. Multiple Alibaba Cloud instances were compromised due to a critical vulnerability (CVE-2025-66478) in Next.js, exploiting internal IP addresses for lateral movement, affecting calibration services, validator nodes, Gravity NFT services, node sales services, compute, Aiverse, Perpdex, Ascend, and other systems. Confirmed total losses include 520,010 $0G, 9.93 ETH, and $4,200 USDT. Apart from the reward distribution contract, the core chain infrastructure and user funds were unaffected. Oracle (ORCL.N) shares fell as much as 16%, marking its biggest single-day drop since March 2001, wiping out $102 billion in market capitalization. The Office of the Comptroller of the Currency (OCC) has conditionally approved trust banking licenses for Ripple, BitGo, Fidelity Digital Assets, Paxos, and Circle.
**Oracle's Market Value Loss: $102 Billion** "Conditional approval" is a preliminary form of recognition, indicating that the OCC has reviewed the application and believes the company largely meets regulatory requirements (such as capital adequacy, risk management framework, and business plan), but it is not a final license. The company must meet specific conditions within a specified timeframe to transition to full operational status. Once all conditions are met, the OCC will issue a final, unconditional national trust bank license, allowing the company to immediately exercise trust bank powers, primarily including: expanding its core business to include managing client assets as trustee, processing payment settlements, custody of digital assets (such as stablecoin reserves), and providing related financial services. However, a trust bank license differs from a full-fledged bank license and cannot accept deposits or make loans. It can apply for a Federal Reserve master account, accelerating clearing and access to the traditional financial system, further promoting the integration of crypto and traditional finance.
▌Wu Jiezhuang: Hong Kong Stablecoin Development Will Not Undergo Major Changes and Will Continue to Move Steadily Forward
Hong Kong Legislative Council member Wu Jiezhuang posted on social media, stating, "There have been many questions regarding Hong Kong's development of Web3, including the future direction of stablecoins and the development of RWA. Since I didn't address these questions thoroughly during the election process, I would like to share my views here:
I believe that the development of stablecoins in Hong Kong will not undergo major changes and will continue to move steadily forward. The Stablecoin Ordinance Bill was passed by the 7th Legislative Council after a long period of deliberation and discussion. I believe the entire development will align with the actual international and Hong Kong financial environment, moving steadily forward, starting with the local market as a trial, aiming to develop the international market and leverage Hong Kong's position as a financial and innovation center.
RWA is a topic that is currently being discussed extensively in both traditional and Web3 industries. Hong Kong has already promoted a regulatory sandbox, and I believe that under the sandbox, the importance of compliant development and the future direction of regulation will be explored. I believe that different industries can try to boldly experiment with Web3 technology, which I believe will drive the development of a large number of real-world applications.
▌Trump Signs Executive Order to Unify AI Regulatory Rules at the Federal Level
US President Trump signed an executive order on the 11th to unify regulatory rules for artificial intelligence at the federal level, limiting the number of states that can set their own rules. The executive order states that to succeed, US AI companies must be able to innovate freely without being bound by cumbersome regulations, but "excessive state-level regulation" hinders this goal. The executive order points out that the current situation where each state sets its own regulations inevitably results in a patchwork of 50 different regulatory systems, making compliance more difficult, especially for startups. The executive order states that it will establish a national standard with "least burdensome" regulations.
The executive order also requires the Attorney General to establish a special task force for artificial intelligence litigation, whose "sole responsibility" is to challenge state AI laws that conflict with this executive order. Some US tech companies have consistently opposed strict regulatory systems, and this latest executive order has been interpreted by some local media as a victory for these companies. Some media outlets have pointed out that the latest policy may lead to weakened AI regulation, posing risks. (Xinhua News Agency) According to Reuters, Pakistan and Binance signed a Memorandum of Understanding (MOU) to explore the tokenization of up to $2 billion in state-owned assets.
The Pakistani Ministry of Finance stated that this cooperation is an important step in the country's introduction of blockchain technology, improving asset liquidity, and attracting foreign investment, and may also pave the way for more state-owned physical assets to be on-chain.
This move comes as Pakistan accelerates the rollout of a formal crypto regulatory framework and studies how to distribute government assets on-chain. Just the day before, Bilal Bin Saqib, Chairman of the Virtual Asset Regulatory Authority (VARA) of Pakistan, revealed in an interview that the country will accelerate the adoption of cryptocurrencies, develop Bitcoin mining, and plans to issue a national stablecoin. Cryptocurrency startup LI.FI has raised $29 million in funding, led by Multicoin and CoinFund, bringing its total funding to approximately $52 million. LI.FI plans to expand into different trading areas, including perpetual futures, yield opportunities, prediction markets, and lending markets, and also plans to use the new funds to hire more employees.
▌SEC Chairman: US Financial Markets Are Moving "On-Chain"
US Securities and Exchange Commission (SEC) Chairman Paul Atkins stated, "The US financial markets are moving 'on-chain'. The SEC prioritizes innovation and actively adopts new technologies to realize the on-chain future."
▌Coinbase Plans to Announce Prediction Markets and Tokenized Equities on December 17
Cryptocurrency exchange Coinbase Global Inc. plans to announce the launch of two products next week: prediction markets and tokenized equities. According to sources, Coinbase will officially announce these two products at a showcase event on December 17. It is worth noting that its tokenized equities product will be launched internally, rather than through partners.
Hex Trust will issue and custody a packaged version of Ripple (wXRP) to expand its DeFi applicability across multiple blockchains. Hex Trust plans to issue and custody a packaged version of Ripple (wXRP), a token pegged 1:1 to XRP, designed to expand the asset's use in decentralized finance (DeFi) and cross-chain applications.
As a regulated institutional custodian, the company stated that this move will break the restriction that XRP can only circulate in the XRP Ledger; on public chains such as Ethereum, where the Ripple stablecoin RLUSD is already listed, wXRP can form trading pairs with RLUSD, providing liquidity to the market.
Hex Trust noted that authorized merchants can mint and redeem wXRP in a secure, automated, and fully compliant environment. The company emphasizes that wXRP is fully pegged to its compliantly custodied native XRP and supports full redemption; users can also earn yields through partner DeFi platforms. The total value locked (TVL) of wXRP upon launch will exceed $100 million. Hex Trust states that this scale will provide a solid initial liquidity foundation for the token, ensuring smooth trading and price stability.
▌SEC Chairman: DTC Participants Can Now Directly Transfer Tokenized Securities to Other Participants' Registered Wallets
Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated in an article on the X platform that the U.S. financial market is about to transition to on-chain and will prioritize innovation and actively adopt new technologies. The SEC has sent a letter to the American Depository Trust and Clearing Corporation (DTC) stating that no action will be taken. On-chain markets will bring investors greater predictability, transparency, and efficiency. Now, DTC participants can directly transfer tokenized securities to other participants' registered wallets, and these transactions will be recorded and tracked by the DTC.
Cryptocurrency
▌ChinaAMC Hong Kong Launches Asia's Largest Tokenized Money Market Fund on Solana
On December 12th, Katie He, Head of Product and Strategy at ChinaAMC Hong Kong (ChinaAMC HK), announced at the Solana Breakpoint conference that they will launch Asia's first and largest tokenized money market fund, denominated in Hong Kong Dollar (HKD), US Dollar (USD), and Chinese Yuan (RMB). This fund tokenizes traditional money market instruments, providing investors with secure, on-chain access to stable returns, complete transparency, and real-time settlement. After months of collaboration with regulators and partners such as OSL, this innovation will expand from Hong Kong to a wider region and be natively deployed on the Solana blockchain.
▌Michael Saylor Responds to Strategy's Continued Retention in the Nasdaq 100 Index: Will Continue to Accumulate BTC
Strategy founder and executive chairman Michael Saylor shared a news report on the X platform that the company will continue to remain in the Nasdaq 100 index, and also responded by saying, "Will continue to accumulate Bitcoin until the market complaints stop."
▌American Bitcoin's Bitcoin reserves increased by approximately 623 BTC in the past 7 days, now holding 4941 BTC
Emmett Gallic, the on-chain analyst who previously disclosed the analysis of the "1011 insider whale," published an article on the X platform disclosing that American Bitcoin, a crypto mining company backed by the Trump family, has increased its Bitcoin reserves by approximately 623 BTC in the past 7 days, now holding 4941 BTC.
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Bitcoin's reserve data has been updated, showing an increase of approximately 623 BTC in the past seven days. Of these, about 80 BTC came from mining revenue and 542 BTC from strategic acquisitions on the open market, bringing the total Bitcoin holdings to 4,941 BTC, with a current market capitalization of approximately $450 million. Moody's has released a new stablecoin rating framework recommendation, emphasizing the credit quality, market value risk, and operational risk assessment of stablecoin reserve assets. This framework means that even two stablecoins pegged 1:1 to the US dollar may have different ratings depending on the type of reserve assets they represent.
Moody's stated that the rating process will consist of two steps: first, assessing the credit quality of various assets in the reserve pool and related counterparties; second, estimating market value risk based on asset class and maturity, and setting "advance rates" for different assets. The report also considers factors such as the operational, liquidity, and technological risks of stablecoins.
The report points out that issuers must effectively segregate stablecoin reserve assets from other businesses to ensure that these assets are used solely for redeeming stablecoins in the event of the issuer's bankruptcy.
Important Economic Developments
▌PBOC: At the end of November, the broad money supply (M2) balance was 336.99 trillion yuan, a year-on-year increase of 8%. The narrow money supply (M1) balance was 112.89 trillion yuan, a year-on-year increase of 4.9%. The currency in circulation (M0) balance was 13.74 trillion yuan, a year-on-year increase of 10.6%. Net cash injection in the first eleven months was 917.5 billion yuan.
The People's Bank of China: At the end of November, the broad money supply (M2) balance was 336.99 trillion yuan, a year-on-year increase of 8%. The narrow money supply (M1) balance was 112.89 trillion yuan, a year-on-year increase of 4.9%. The currency in circulation (M0) balance was 13.74 trillion yuan, a year-on-year increase of 10.6%. Net cash injection in the first eleven months was 917.5 billion yuan.
▌People's Bank of China: Continue to Implement Moderately Loose Monetary Policy and Promote RMB Internationalization
The Party Committee of the People's Bank of China held a meeting, and the third point of the meeting minutes pointed out: Continue to implement a moderately loose monetary policy and accelerate the structural reform of the financial supply side. Promoting stable economic growth and a reasonable recovery in prices will be an important consideration in monetary policy. Various monetary policy tools, such as reserve requirement ratio cuts and interest rate cuts, will be used flexibly and efficiently. The strength, pace, and timing of policy implementation will be carefully managed to maintain ample liquidity, promote low overall social financing costs, and strengthen financial support for the real economy.
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