加密城市 Crypto City

Do you still remember NFTs?

NFT stands for 'Non-Fungible Token', which is simply a digital certificate placed on the blockchain, and each NFT is unique, with value distinctions due to rarity, such as the NFTs of the Bored Ape Yacht Club (BAYC) series, which have reached prices of hundreds of thousands or even millions of USD.

In 2021, the trading volume of the NFT market reached approximately 24.9 billion USD, but soon in 2022 it became a bubble, and the trading value plummeted, leading to the closure of many blockchain companies, with Fansi almost becoming one of the casualties.

Disguised employment infiltrated American companies, the main suspect was sentenced and involved sensitive government systems.

A 40-year-old man from Maryland, USA, Minh Phuong Ngoc Vong, was recently sentenced to 15 months in prison for assisting North Korean IT workers in infiltrating American companies, and he will be subject to 3 years of supervision. The Justice Department pointed out that between 2021 and 2024, Vong obtained software development jobs at least 13 American companies using a fake resume, earning over 970,000 dollars in total. The actual work was carried out by members suspected to be North Korean, located overseas, including an accomplice with the code name 'John Doe'.

Tether has recently continued to expand its layout in the AI and robotics fields, and on 12/9, it participated in the $81.5 million fundraising of the Italian startup Generative Bionics. The company was established by the Italian research institution Italian Institute of Technology (IIT) and is focused on humanoid industrial robots that can work in dangerous and high-labor-demand production environments. Generative Bionics plans to gradually deploy the first batch of mass-produced versions to the manufacturing, logistics, medical, and retail industries by early 2026.

Tether and multiple institutions are participating in fundraising, aiming to create humanoid industrial robots

YouTube teams up with PayPal, allowing creators to receive stablecoin earnings.

According to an exclusive report by Fortune, YouTube has officially partnered with PayPal, allowing content creators to choose to receive platform earnings in PayPal's stablecoin (PYUSD).

May Zabaneh, head of PayPal's cryptocurrency division, has confirmed to the media that the feature is live, currently prioritizing availability for users in the United States.

PayPal simplifies the payment process, allowing YouTube to not directly hold cryptocurrencies.

YouTube has long been a client of PayPal's corporate payment services, which mainly assist large companies in disbursing payments to gig economy workers and contractors.

Stablecoin payments will be the core mission in 2026, and the regulatory sandbox will be launched in advance

The UK Financial Conduct Authority (FCA) recently announced that 'pound stablecoin payments' will be a top priority for financial reform in 2026, with a dedicated regulatory sandbox expected to launch in January of the same year, allowing businesses to trial technology and payment processes in a controlled environment before full regulations are implemented. In an open letter to Sir Keir Starmer, the Prime Minister, the FCA mentioned that this plan is an important measure to strengthen the UK's financial innovation capabilities and support local stablecoin issuance.

Repealing outdated delivery guidelines to free up digital innovation.

The U.S. Commodity Futures Trading Commission (CFTC) has recently taken a significant step by officially announcing the repeal of its old guidance on the 'Actual Delivery' of virtual currencies.

Source: CFTC CFTC has officially announced the repeal of its old guidance on the 'Actual Delivery' of virtual currencies.

This decision was led by CFTC Acting Chair Caroline D. Pham, symbolizing a directional shift in the agency's regulatory policy on digital assets, aimed at eliminating outdated barriers that hinder industry development. Pham explicitly pointed out in a statement on Thursday that abolishing these guidelines, regarded as 'outdated and overly complex,' is one of the key objectives of this administration this year, with the goal of stopping unreasonable penalties on the cryptocurrency industry and fully supporting innovation instead. This retracted document had dominated how businesses custody and settle digital asset transactions since 2020; however, with the rapid evolution of market infrastructure, these rules have clearly become inadequate to meet the current situation.

Famous trader Pickle Cat shares his trading insights on Twitter, directly pointing out the trading profit formula that everyone talks about: 'Find a trading strategy and cultivate discipline.' It is highly misleading because trading discipline cannot be developed merely through repetitive practice; it comes from the real lessons of the market. You need to blow up your account at least three times to truly learn how to trade. He criticizes the excessive faith in strategies, research, and knowledge, while ignoring the hardest factor to face in trading, which is oneself. Stop learning from others' successes and instead study how they survived at the bottom.

The world's second-largest cryptocurrency reserve company BitMine Immersion (stock code: BMNR) continues to increase its purchases, having added approximately $112 million worth of Ethereum earlier yesterday (11).

According to on-chain analyst Yu Jin (@EmberCN), BitMine purchased 33,504 Ethereum through the trading platform FalconX around 6 AM today.

Source: X/@EmberCN

BitMine has not officially confirmed this transaction, but the company has consistently maintained a steady accumulation pace this year and has repeatedly stated its intention to ultimately hold 5% of the total supply of Ethereum, betting that Ethereum will play an increasingly important role in the future financial system.

Disney collaborates with OpenAI, Mickey Mouse, Pixar, and Marvel legally land on Sora.

Since the emergence of generative AI platforms, there have been continuous lawsuits with the large copyright content industry, but Disney, praised as the 'strongest legal team in the Western Hemisphere,' suddenly announced a partnership with OpenAI, creating a huge wave in the AI and content industry.

According to the agreement, Disney will invest 1 billion dollars in OpenAI for equity and sign a three-year licensing agreement, becoming the first major content licensing partner for OpenAI's video generation platform Sora.

Starting from early 2026, Sora users will be able to legally use over 200 classic characters from Disney to create AI short videos, covering characters from Disney animations (such as Mickey and Minnie), Pixar, Marvel, and the Star Wars series.

The statue of Satoshi Nakamoto lands on the NYSE, a convergence of tradition and the emerging.

Yesterday (12/11) Taiwan time, something occurred that might excite the crypto community, which is that the New York Stock Exchange (NYSE) officially unveiled a statue of Satoshi Nakamoto.

This statue was installed in the trading hall by Twenty One Capital, a recently listed Bitcoin reserve company, symbolizing the official entry of cryptocurrency culture into the core of Wall Street.

The NYSE described that placing the statue of Satoshi Nakamoto also symbolizes the common foundation between emerging systems and traditional financial systems, representing an artistic reflection that shows how new ideas can become part of shared history.

One of the largest cryptocurrency collapses in history, the main culprit receives a heavy sentence

In May 2022, Do Kwon, the founder of Terra, whose $UST and $LUNA severely decoupled, triggering a global chain crisis, was sentenced to 15 years in prison by the U.S. District Court for the Southern District of New York. This collapse evaporated over $500 billion in market value in just three days, affecting approximately 16,500 victims worldwide, a scale described by the judge as 'staggering.'

Judge Paul Engelmayer pointed out that Do Kwon had been making false statements to investors for years, and during the decoupling period, while publicly urging 'stabilization,' he quietly allowed insiders to withdraw funds, behavior deemed 'extremely egregious.' He also specifically mentioned Kwon's past mocking of skeptics on social media, even stating 'I won't debate the poor on X,' reflecting his indifference to the suffering of investors.

JPMorgan issues on-chain commercial paper for Galaxy, USCP Token makes its debut

Well-known investment bank JPMorgan has announced that it has assisted crypto asset management firm Galaxy Digital's subsidiary in issuing commercial paper on the Solana blockchain, reportedly one of the first debt issuance cases fully executed on a public blockchain, marking a milestone.

This is also the first time Galaxy has issued commercial paper in the United States, and it is also the first appearance of the 'USCP Token'. JPMorgan's USCP Token is a short-term corporate debt instrument issued through the Solana blockchain, aimed at facilitating capital raising.

The Office of the Comptroller of the Currency (OCC) released an investigative report yesterday (December 11th) revealing that from 2020 to 2023, nine major U.S. banks suspended or restricted financial services to several politically controversial industries, including the cryptocurrency industry. The OCC stated that some banks continued to differentiate between legitimate and compliant industries, requiring additional scrutiny or directly restricting transactions, constituting unreasonable discrimination. The OCC will pursue accountability for these actions and ensure that illegal account suspensions do not continue.

Banks raise service thresholds for specific industries; OCC accuses them of unreasonable discrimination.

In order to reshape the future of the financial market landscape, the U.S. Commodity Futures Trading Commission (CFTC) has made a significant move to assemble various industry leaders, announcing the establishment of the 'CEO Innovation Council', aimed at studying the future development of derivative market structures, particularly focusing on the development of asset tokenization, cryptocurrencies, and blockchain technology.

The first wave of the 'CEO Innovation Council' features a strong lineup, not only including leaders from CME Group, Nasdaq, ICE, and Cboe, but also inviting leaders from cryptocurrency companies such as Gemini, Kraken, and Polymarket to participate in discussions, contributing to policy-making in the United States.

V named X as amplifying hate speech, igniting community shock.

Ethereum co-founder Vitalik Buterin recently made rare public criticisms of Musk, directly pointing out that the community platform X is gradually deviating from its original intention of 'free speech' and is instead becoming a tool for amplifying collaborative hate. He stated in a post that over the past few days he has seen a large number of emotional attacks against Europe, even from accounts he originally thought were 'interesting and mature,' and the content has become nearly out of control.

Image source: X/@VitalikButerin Vitalik Buterin mentioned that he has seen a large number of emotional attacks against Europe over the past few days, even from accounts he originally thought were 'interesting and mature,' and the content has become nearly out of control.

Greene accuses the bill of embedding a hidden channel for CBDC

U.S. Congresswoman Marjorie Taylor Greene has once again made waves, publicly accusing the (GENIUS bill) of harboring a 'backdoor' for central bank digital currency (CBDC), which could enable the government to monitor financial flows, threatening people's financial freedom.

Greene stated that she supports cryptocurrency assets but will never accept any bill that allows the government to intervene in personal financial control. She emphasized that her main reason for voting against the bill in July was her belief that it could allow CBDC to be introduced without adequate oversight.

Latest survey: 89% of wealthy respondents in Asia hold cryptocurrency

Digital asset bank Sygnum today released a latest survey report showing that as much as 89% of surveyed Asian high-net-worth individuals (HNWIs) already hold cryptocurrency, and among them, 60% of respondents stated that they plan to further increase their allocation to cryptocurrency due to optimistic views on the prospects of the next two to five years.

Sygnum stated that the survey covers 10 Asia-Pacific markets including Singapore, Hong Kong, Indonesia, South Korea, and Thailand, and interviewed over 270 high-net-worth individuals and professional investors with more than ten years of investment experience, of which 78% have a higher understanding of blockchain and cryptocurrency knowledge.

Stablecoin Dominance Crosses into Health Technology

The world's largest stablecoin issuer, Tether, which has a market capitalization of $186 billion, has officially announced its entry into the consumer health technology industry. This move symbolizes the crypto giant's attempt to extend its influence beyond the financial realm into new frontiers.

On Wednesday, Tether launched a health management application called 'QVAC Health.' This app is not a traditional health tracking tool but is built on Tether's self-developed AI platform, aimed at addressing the current pain points of fragmented digital health data and privacy leaks.

Bidding farewell to the funds settlement law, Japan has established crypto assets as financial investment products.

Japan's financial regulatory system is迎來歷史性的轉折點. The Financial Services Agency (FSA) under Japan announced the 'Working Group Report on the Crypto Asset System' on December 10, 2025, clearly revealing the future regulatory blueprint: the regulatory legal source for crypto assets will fully transition from the current (Funds Settlement Act) to the (Financial Instruments and Exchange Act) (FIEA, abbreviated as 金商法).

The core logic of this significant reform lies in the recognition by regulatory authorities that the properties of crypto assets have evolved from being merely a means of payment to a broad investment target. According to report data, as of October 2025, the total number of accounts at domestic crypto asset exchanges in Japan has exceeded 13 million, with user-held asset balances surpassing 5 trillion yen.

Standard Chartered has significantly lowered its price prediction for Bitcoin, cutting the target price from the original $200,000 by half to $100,000 by the end of 2025, and delaying the optimistic long-term view of Bitcoin rising to $500,000 by two years to 2030. Standard Chartered emphasizes that this is not a bearish outlook for Bitcoin but rather a recalibration of market rhythms, and the long-term structural bullish perspective remains intact.

In a research report released on December 9, Standard Chartered's head of global digital asset research, Geoffrey Kendrick, admitted that the recent price movements 'forced us to readjust our original forecasts.' Even so, he pointed out that since reaching an all-time high in October, Bitcoin has once dropped about 36% to $80,500, and this correction, viewed in the historical performance following the launch of Bitcoin spot ETFs in the U.S., is still within the 'normal range.'