Fidelity's Ethereum tokenized Treasury fund scales to over $250 million: Fidelity's Ethereum-based tokenized U.S. Treasury fund grew by 15% month-on-month, surpassing $250 million. Currently, the total on-chain value of RWA exceeds $36 billion, doubling since the beginning of the year, with Ethereum dominating in asset tokenization, holding $11.6 billion in RWA, accounting for over 63.7% of the industry total.
Kazakhstan's central bank plans to invest up to $300 million in crypto assets: The National Bank of Kazakhstan is considering investing in crypto assets, with a maximum amount of $300 million, potentially within the range of $50 million to $250 million. The bank's chairman stated that they need to wait for the volatility in the crypto market to calm down before cautiously entering, with investment funds coming from the central bank's foreign exchange reserves. The country has previously established a national-level crypto fund and completed its first BNB investment.
Thirteen departments join forces to combat illegal financial activities related to virtual currencies: The central bank, in conjunction with the Ministry of Public Security and the Central Internet Information Office, held a meeting emphasizing the adherence to prohibitive policies on virtual currencies. The meeting pointed out that recent speculation and hype surrounding virtual currencies have surged, with related illegal activities occurring frequently, and stablecoins also pose money laundering risks. All units are required to strengthen coordination, focusing on risk prevention in information and capital flows.
Nasdaq is pushing forward with the approval of its stock tokenization proposal: Nasdaq has made the approval of its stock tokenization proposal by the SEC a top priority, with its digital asset strategy chief stating that they will quickly assess public feedback, respond to SEC questions, and advance collaboration with the SEC to implement the proposal as soon as possible.
The value of the U.S. spot Bitcoin ETF holdings is approaching $150 billion: According to Dune data, the on-chain holdings of the U.S. spot Bitcoin ETF amount to approximately 1.321 million BTC, accounting for 6.62% of the current BTC supply, with a corresponding holding value of about $149.7 billion.
Tether earns approximately $500 million monthly from U.S. Treasury bonds: Tether's CEO stated that the company's total assets for the third quarter are approximately $215 billion, with stablecoin liabilities of about $184.5 billion. The holdings of U.S. Treasury bonds can generate approximately $500 million in monthly income, and it is believed that S&P previously overlooked this point, seemingly favoring its competitors.
BlackRock states that the $2.34 billion outflow from IBIT is a normal phenomenon: BlackRock's Bitcoin spot ETF IBIT saw a net outflow of $2.34 billion in November, setting new daily outflow records twice. Company executives responded that this is a normal occurrence as tools with high retail investor proportions tend to experience this situation when asset prices correct. Currently, Bitcoin has returned above $90,000, and IBIT investors have accumulated unrealized gains of about $3.2 billion, erasing previous losses.
Ancient ETH whales suspected of selling 7,000 ETH recently: An ETH whale that entered the market in 2016 is suspected of selling 7,000 ETH through Wintermute in the past month, with an average transfer price of $3,024. If the sale is completed, it could yield a profit of $19.745 million. The whale also recently deposited 1,000 ETH into Wintermute and currently holds about 27,000 ETH, valued at approximately $80.99 million.
This week sees several tokens undergo significant unlocks: Tokens such as SUI, ENA, and SANTOS will undergo significant unlocks this week. On December 1, SUI will unlock approximately 55.54 million tokens, valued at approximately $85 million; on the same day, SANTOS will unlock approximately 5.7 million tokens, valued at approximately $12.7 million; on December 2, ENA will unlock approximately 95.31 million tokens, valued at approximately $27.2 million.
Goldman Sachs states that a Fed rate cut in December is a foregone conclusion: Goldman Sachs indicated that the Fed's rate cut during the December 9-10 meeting is almost certain, with the current market pricing the probability of a 25 basis point cut at 85%-86%. The weakening labor market is the primary reason for the rate cut. Goldman also forecasts that the federal funds rate will drop to 3%-3.25% by mid-2026.
The probability of the Fed cutting rates by 25 basis points in December reaches 87.4%: According to CME's "FedWatch" data, the probability of the Fed cutting rates by 25 basis points in December is 87.4%, while the probability of maintaining the current rate is 12.6%; the cumulative probability of a 25 basis point rate cut by January next year is 67.5%, and the cumulative probability of a 50 basis point cut is 23.2%.
Rayls launches TGE on December 1: Rayls announced that it will conduct its TGE on December 1, and previously Coinbase has added its token RLS to the listing roadmap.
Disclaimer: The content of this article is for reference only and does not constitute any investment advice. Investors should consider their own risk tolerance and investment goals, rationally view cryptocurrency investments, and avoid blindly following trends.
