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Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

Securitize hires former PayPal exec as US tokenization gains traction

Securitize, a major tokenization platform, has hired former PayPal executive Jerome Roche as its new general counsel to strengthen its push for tokenized equity in the US. Roche previously led PayPal’s expansion into digital assets, including the PYUSD stablecoin. The company emphasized that tokenized securities are already accessible to US investors, countering the perception that such offerings are primarily available abroad. CEO Carlos Domingo stated that Securitize operates within a clear US regulatory framework using SEC-approved infrastructure, enabling fully compliant access to onchain securities. This development follows Securitize’s recent regulatory approval in the EU and signals growing acceptance of tokenization in the US, further evidenced by the SEC ending its investigation into rival platform Ondo Finance.

cointelegraph12/09 14:58

Securitize hires former PayPal exec as US tokenization gains traction

cointelegraph12/09 14:58

‘Elite’ traders hunt dopamine-seeking retail on prediction markets: 10x Research

Prediction markets are becoming a new arena in crypto where elite, well-equipped traders are systematically profiting from retail participants who often treat trading like gambling, driven by dopamine and narratives rather than discipline. According to 10x Research, a small, informed minority accurately prices probabilities and hedges exposure to extract value from retail-driven longshots. Data shows that on Polymarket, only 16.7% of wallets are profitable, while 83% have lost money. Concerns about insider trading are growing, with some users showing near-perfect win rates. Additionally, a bug was discovered that double-counts trading volume on third-party dashboards, though this is due to data errors rather than illegal wash trading.

cointelegraph12/09 11:57

‘Elite’ traders hunt dopamine-seeking retail on prediction markets: 10x Research

cointelegraph12/09 11:57

BingX Announces Trader of the Year Campaign, Celebrating 400,000 Elite Traders and $580 Billion Volume

BingX, a leading cryptocurrency exchange, has launched its "Trader of the Year" campaign to celebrate a major milestone: 400,000 elite traders and a cumulative trading volume of $580 billion in its copy trading ecosystem. The campaign will recognize top contributors across eight award categories, honoring both trading performance and community impact. It includes a community giveaway with exclusive rewards. According to Chief Product Officer Vivien Lin, this initiative reflects BingX's commitment to building user-centric, innovative products. The campaign is part of a broader effort to empower the copy trading community, following a recent comprehensive upgrade to its copy trading suite. BingX plans to further expand its functionality and interactive campaigns for its global user base.

TheNewsCrypto12/09 11:31

BingX Announces Trader of the Year Campaign, Celebrating 400,000 Elite Traders and $580 Billion Volume

TheNewsCrypto12/09 11:31

HashKey crypto exchange opens Hong Kong IPO subscription, targets $215M

HashKey Group, operator of one of Hong Kong’s licensed cryptocurrency exchanges, has opened subscriptions for its initial public offering (IPO), aiming to raise up to HK$1.67 billion ($214.7 million). The IPO is scheduled to debut on December 17 on the Hong Kong Stock Exchange (HKEX). The company is offering 240.6 million shares priced between $0.76 and $0.89 each, which could value HashKey at $2.46 billion at the upper end of the range. Founded in 2018, HashKey has become Hong Kong’s largest crypto exchange, capturing an estimated 75% market share. As of September 30, it had facilitated $167 billion in cumulative spot trading volume. The exchange offers a range of services including spot trading, OTC, staking, and tokenization, and also operates an Ethereum layer-2 network called HashKey Chain. The IPO is backed by prominent sponsors such as JPMorgan and Guotai Junan. Proceeds will be used to expand ecosystem infrastructure, enhance risk management, and support talent acquisition. The offering comes amid a significant increase in IPO activity in Hong Kong, with HKEX reporting a 209% year-on-year rise in funds raised in 2025.

cointelegraph12/09 10:52

HashKey crypto exchange opens Hong Kong IPO subscription, targets $215M

cointelegraph12/09 10:52

Coinbase Is Back In India—And It Wants 30% Crypto Tax Reconsidered

Coinbase has resumed cryptocurrency trading services in India after a two-year absence, following its registration with India’s Financial Intelligence Unit. The exchange initially entered India in 2022 but suspended services in 2023 after losing access to the Unified Payments Interface (UPI), which halted fiat deposits. Users can currently only trade crypto-to-crypto, but fiat on-ramps using Indian Rupees are planned for 2026. Coinbase is advocating for a reconsideration of India’s strict crypto tax policies, which include a 30% tax on profits and a 1% TDS on all transactions. The company has also invested in local exchange CoinDCX, signaling a long-term commitment to the Indian market.

bitcoinist12/09 10:23

Coinbase Is Back In India—And It Wants 30% Crypto Tax Reconsidered

bitcoinist12/09 10:23

NFT winter deepens: Monthly sales hit lowest point of the year

NFT monthly sales hit a yearly low in November, dropping to $320 million—nearly half of October’s total. The market cap fell 66% from its peak of $9.2 billion in January to $3.1 billion. Most major collections declined, with CryptoPunks down 12% and Hypurr plunging 48%. Exceptions include Infinex Patrons, up 14.9%, and Autoglyphs, surging 20.9%. Despite a brief rebound in mid-November, the market remains weak, with December weekly sales at just $62 million—the lowest of the year—indicating the downturn is likely to continue.

cointelegraph12/09 08:23

NFT winter deepens: Monthly sales hit lowest point of the year

cointelegraph12/09 08:23

RWA Weekly Report | US CFTC Launches Digital Asset Collateral Pilot Program, Spot Cryptocurrency Now Trading on CFTC-Registered Exchanges (12.3-12.9)

RWA Market Weekly Summary (Dec 3–9, 2025) The RWA market stabilized this week, with total on-chain Distributed Asset Value rising slightly to $18.44 billion. The number of asset holders increased by 6,130 to 561,558. Stablecoin market capitalization grew to $301.92 billion, with holders surging by 2.06 million to 207.75 million. U.S. Treasury tokenization slightly to $88 billion, while private credit rebounded to $22 billion. Key developments include the U.S. CFTC launching a digital asset collateral pilot program, allowing BTC, ETH, and USDC to be used as margin in regulated derivatives markets. The CFTC also approved spot cryptocurrency trading on its registered exchanges. U.S. lawmakers urged regulators to implement stablecoin rules under the GENIUS Act by July 2026. Meanwhile, former PBOC deputy governor Wang Yongli reiterated China's firm opposition to stablecoins, emphasizing the development of the digital yuan. In Europe, a consortium of banks plans to launch a euro stablecoin in 2026. South Korea's ruling party proposed a stablecoin bill requiring commercial banks to hold at least 51% ownership in issuers. The IMF warned that widespread stablecoin adoption could weaken central banks' monetary control. In project news, the SEC closed its investigation into Ondo Finance without action, and MSX (STONKS) reached a record $2 billion in daily trading volume.

Odaily星球日报12/09 07:55

RWA Weekly Report | US CFTC Launches Digital Asset Collateral Pilot Program, Spot Cryptocurrency Now Trading on CFTC-Registered Exchanges (12.3-12.9)

Odaily星球日报12/09 07:55

Farcaster Shifts Course, 'Binance Square' and Others Take Over Crypto Social

Farcaster, a decentralized social protocol once seen as a flagship SocialFi project, has pivoted from its "social-first" strategy after four and a half years. Instead, it will now focus on building a consumer wallet to drive user growth, acknowledging that its previous approach lacked product-market fit. While Farcaster enjoyed support from top VCs and crypto influencers, it failed to retain users long-term. The platform struggled to compete with established Web2 social networks like Twitter and Telegram, where crypto communities are deeply embedded. Its shift aims to leverage wallet-based interactions to naturally spark social demand. However, this strategic turn may have come too late. Centralized exchanges, particularly Binance, have already successfully embedded social features into trading environments. Binance Square, originally Binance Feed, allows content creators to earn up to 50% commission from trades generated through their content. This incentive model, combined with Binance’s massive user base, has attracted influential traders and analysts, making it a dominant crypto social platform. Other exchanges like OKX and Gate are following suit, developing their own social features, indicating a broader trend of trading platforms expanding into social ecosystems. These platforms reduce compliance risks for creators and align naturally with crypto users’ financial motivations. The piece argues that crypto social products don’t necessarily need decentralization or heavy tokenization to succeed. Instead, they must serve real user needs: facilitating valuable information exchange, community building, and trust within crypto-native context. The success of exchange-based social platforms like Binance Square suggests that the future of crypto social may lie in utility-driven, scenario-specific networks rather than idealized decentralized social graphs.

Odaily星球日报12/09 06:47

Farcaster Shifts Course, 'Binance Square' and Others Take Over Crypto Social

Odaily星球日报12/09 06:47

A 'Headhunting Scheme' Disguised as a Beauty Pageant: How Huobi HTX Uses 'Her Power' to Reshape Its Ecosystem's Soft Power?

Summarizing the provided Chinese article about the HTX "First Lady" competition into a concise English abstract. **Abstract:** Beyond the Beauty Pageant: How HTX is Leveraging "Her Power" to Reshape Its Ecosystem In the crypto world, female leaders like Binance's He Yi, Bitget's Gracy Chen, and HTX's own Molly have proven to be pivotal forces. Against this backdrop, HTX's third "First Lady" competition has concluded, revealing itself to be far more than a traditional beauty contest. It functions as a strategic talent pipeline and "headhunting operation" for the exchange. Five winners were directly offered roles within the HTX ecosystem, moving from contestants to core builders. Their recent "debut" showcased their focus on solving real Web3 challenges: improving UX, community culture, and bridging cultural gaps. Their newly defined roles are highly practical: * **PP (Champion):** Ambassador for SunX, acting as a dedicated point of contact to simplify complex concepts for users. * **Olivia (Top 4):** HTX DAO Community Culture Ambassador, fostering engagement and breaking down barriers between the official platform and its users. * **Gun Gun:** Key Account Manager, providing warm, professional service and asset advice. * **Yiyi (Runner-up):** Cultural Ambassador, acting as a bilingual bridge between Chinese and global communities. * **Saki (Creativity Award):** Crypto Culture Ambassador, using creative content to make crypto more accessible. This initiative is validated by the "hardcore" career growth of past winners, who have evolved into essential roles such as official hosts, business development managers, and DAO philanthropy ambassadors, demonstrating a successful long-term strategy of converting visibility into value. Ultimately, HTX is redefining the role of women in Web3—from being seen to being indispensable builders. The program dismantles stereotypes, proving that "her power" is a crucial, resilient soft asset for the ecosystem.

深潮12/09 06:47

A 'Headhunting Scheme' Disguised as a Beauty Pageant: How Huobi HTX Uses 'Her Power' to Reshape Its Ecosystem's Soft Power?