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1. Top News: Crypto Market Rebounds, Bitcoin Reclaims $90,000 After One Week 2. Token Unlocking: $YGG, $AURORA, $FT, $NYAN, $SLF, $AGIX
- S&P downgrades Tether's USDT to "weak," citing high-risk reserves (24% in Bitcoin/gold) and opaque operations. - Tether's 5.6% Bitcoin allocation exceeds overcollateralization margins, risking undercollateralization amid crypto volatility. - Analysts warn Tether's gold/Bitcoin purchases (2% of global demand) could destabilize markets, while regulatory scrutiny intensifies. - Despite $10B+ 2025 profits, Tether defends its "digital dollar" role, though S&P flags structural risks like custodian transparency
- Canada approves QCAD, the first regulated CAD-backed stablecoin, after years of collaboration with securities regulators. - DeFi Technologies plans to scale QCAD through exchange-traded products, yield solutions, and quantum-resistant security partnerships. - The stablecoin's 1:1 CAD reserve structure and public audits aim to bridge traditional finance with blockchain while ensuring transparency. - DeFi's stock surged 16% post-approval, reflecting investor confidence in its strategic role in Canada's dig
- WFE warns SEC against crypto exemptions for tokenized stocks, citing risks to market integrity and investor protections. - SEC under Trump proposes "innovation exemption" to let unregistered crypto firms offer blockchain-linked equity tokens. - Traditional exchanges like Nasdaq seek regulated tokenization, while WFE fears reputational harm from unlicensed platforms. - Critics highlight risks of confusing tokenized assets with real equity ownership and potential erosion of compliance standards.
- New York's $9.8M FAST NY grant revitalizes Xerox Webster Campus, a 300-acre brownfield for high-tech manufacturing. - State-funded infrastructure upgrades enable 1M sq ft industrial space, aligning with Governor Hochul's "sustainable economic ecosystem" vision. - Public-private partnerships reduce developer risks, creating shovel-ready sites to attract semiconductors and renewable energy sectors. - Investors face opportunities in first-mover advantages but must weigh risks like tenant delays and cyclical
- 05:49Ark Invest: Liquidity is Recovering and May Lay the Foundation for a Year-End Market RallyJinse Finance reported that on November 27, Ark Invest stated in an article that U.S. market liquidity finally began to recover after hitting a multi-year low of $5.56 trillion on October 30. A six-week government shutdown resulted in a liquidity loss of $621 billion, but with the government reopening, $70 billion has already flowed back into the market. It is expected that in the next 5-6 weeks, as the Treasury General Account normalizes, another $300 billion will return. The improvement in the liquidity environment coincides with the Federal Reserve's shift to a dovish stance. New York Fed President John Williams, California Governor Waller, and San Francisco Fed President Daly have all expressed support for interest rate cuts, raising the market-implied probability of a near-term rate cut to about 90%. Ark Invest believes that as liquidity recovers, quantitative tightening (QT) will end on December 1, and monetary policy will turn supportive. We believe that the market is forming conditions that could potentially reverse the recent downward trend.
- 05:30AI restaking and arbitrage execution protocol Nexton Solutions completes $4 million strategic financing, led by DanalChainCatcher news, according to Chainwire, native AI restaking and arbitrage execution protocol Nexton Solutions has completed a $4 million strategic financing round, led by Korean payment company Danal, with participation from Amber Group, Value Systems, Metalabs Ventures, Vista Labs, Outlier Ventures, Kaia Foundation, TON Foundation, STON.fi, PayProtocol, and others. According to the introduction, the unified AI execution layer built by Nexton consists of two core components: the Nexton-ai cross DEX/CEX arbitrage routing engine, and the Nexton-re automatic restaking module. The platform provides full-chain yield services through the native Telegram environment, with a current total value locked exceeding $3 million, 60,000 monthly active users, and AI strategies achieving an annualized yield of 70%-90%.
- 05:30Australia Proposes New Cryptocurrency Platform Regulation Bill, Introducing Concepts of Digital Asset Platforms and Tokenized Custody PlatformsChainCatcher news, the Australian Treasury and the Department of Financial Services have submitted the "2025 Corporations Amendment (Digital Asset Framework) Bill" to Parliament, establishing the country's first comprehensive regulatory framework for businesses holding digital assets on behalf of clients. The bill introduces two new categories of financial products: digital asset platforms and tokenized custody platforms, both of which require an Australian Financial Services License. Digital asset platforms cover facilities where operators hold clients' crypto assets and provide transaction functions such as transfers, buying and selling, or staking; tokenized custody platforms deal with real-world assets such as bonds, real estate, and commodities. Platforms must comply with the custody and settlement standards of the Australian Securities and Investments Commission (ASIC). Platforms where each client holds assets of less than $5,000 and annual transaction volume is below $10 million are exempt from full licensing requirements. The Australian government stated that the bill could unlock $24 billion in annual productivity gains, and non-compliant companies will face fines of millions of dollars.