MarsBit News

Mars Finance news, according to Arkham data, at 23:39, 500 million DOGE (worth about 74.57 million USD) was transferred from Bitstamp to an anonymous address (starting with DQgc6e...).

Mars Finance news, according to Arkham data, at 23:33, 19,889,000 ARB (worth approximately 4.2852 million USD) was transferred from an anonymous address (starting with 0xD279...) to Coinbase Prime.

Mars Finance news, the stablecoin application Fin, founded by former Citadel employees, announced the completion of a $17 million financing round, led by Pantera Capital with participation from Sequoia and Samsung Next. The application aims to utilize stablecoin technology to provide cross-border and large-value payment services, enabling global rapid transfers without complex operations. Its design supports users to transfer funds to other Fin users, bank accounts, or cryptocurrency wallets, claiming that transaction fees will be much lower than traditional banking channels. Fin primarily targets scenarios involving large fund cross-border or domestic transfers, such as addressing payment efficiency issues in import and export trade. The application has not yet officially launched and plans to initiate a pilot among companies in the import and export industry next month. The company's profits will come from transfer fees and interest on stablecoin reserves.

Mars Finance news reports, according to DL News, that Russian prosecutors are seeking to confiscate a large amount of luxury goods belonging to the fugitive secret department official Georgy Satyukov. He is accused of receiving $184 million worth of Bitcoin and $30 million worth of Ethereum as bribes from the operator of the closed WEX cryptocurrency exchange, and investigators have identified assets valued at $29.6 million related to Satyukov's alleged bribery. The prosecutors stated that Satyukov used the illicit funds to purchase 13 apartments in Russia, several non-residential properties in St. Petersburg, a villa in the UAE, and a million-dollar property in Saratov registered under his brother's name. Additionally, the investigation found that he owned two Porsche Cayenne Turbos, seven Patek Philippe watches, and other jewelry worth over $1.3 million, with over $15 million in cash and foreign currency in his family's bank accounts. The bribe allegedly originated from Alexey Ivanov, a former system administrator of the WEX exchange, who sought Satyukov's help to evade a criminal investigation. Satyukov and his former colleague Dmitry Sokolov are currently on the run, and a Moscow court is preparing to conduct an absentia trial against them. If convicted, their assets may be nationalized. The WEX exchange took over the trading operations of BTC-e in 2017, which collapsed after its founder Alexander Vinnik was arrested in Greece on fraud and money laundering charges, and WEX also ceased operations in 2018.

Mars Finance news, on December 3rd, Binance co-CEO He Yi discussed "Binance's plans regarding Meme coins" in today's interview, stating that "From the trading platform's perspective, I hope everyone does not focus on my Twitter for issuing new Memes, as it puts a lot of pressure on me. Randomly thrown memes could become tokens. If they rise, everyone is happy; if they fall, there will be criticism. Sometimes this limits expression. But in the end, people do not care who issues the Meme, whether it's He Yi, a little dog, or a little pig; what they truly need is an emotional carrier that can be traded." "From Binance's perspective, of course, we hope every token listed can rise and ideally never fall, but that is unrealistic. Binance will try to communicate with project parties, such as whether the TGE pricing can be lowered or if they can allocate more for user airdrops. As a result, some project parties have claimed that Binance is 'greedy, wanting so many coins for airdrops,' eventually leading to rumors of 'astronomical listing fees.'" "Some Memes have almost no fundamentals; personally, I believe they will eventually fall, but users are willing to buy and trade them. If Binance completely fails to meet this kind of demand, it will lose market share, ultimately having to strike a dynamic balance between 'providing enough trading targets for users' and 'the platform's own risk control requirements,' which itself is a continuous game of strategy."

According to Fox Business reporter Charles Gasparino, on December 4, insiders from Wall Street and the American business community are making a final effort to warn Trump about the appointment of Kevin Hassett as Chairman of the Federal Reserve. The argument from Wall Street and the business community is roughly that, given Hassett's politically charged work (Director of the National Economic Council) and past experiences, he lacks credibility among the Federal Reserve's internal staff and in the market, while the market seeks independence for the Federal Reserve. Appointing Hassett would lead to rising long-term interest rates, plunging the Federal Reserve into chaos.

Original title: He Yi's first interview as co-CEO: Binance aims to become a lasting company, focusing on three core lines in the future

Original author: Nancy

Original source: https://www.panewslab.com/zh/articles/cb701b44-8ebe-4c37-b444-0b1f28821343

Reposted by: Daisy, Mars Finance

On December 3rd, at the annual Binance Blockchain Week, Binance announced the largest management reshuffle in the post-CZ era, with co-founder He Yi officially assuming the role of co-CEO, jointly steering this crypto giant with Richard Teng.

After the meeting, He Yi showcased a pragmatic and resolute ‘patriarch’ style in interviews with multiple media outlets, candidly responding to and sharing insights on the new role's responsibilities, 'white glove' rumors, industry cycle predictions, and Binance's future plans. She clearly stated that in the new phase, Binance's focus will return to users and technology, establishing systemic capabilities, and upgrading to a self-sustaining organization.

Mars Finance news, on December 3, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that had built a position of 736 ETH (2.96 million USD) at an average price of 4026 USD on September 25 is seeking to dilute costs, and from December 2 to 3, it replenished 2732 ETH at an average price of 2988 USD, investing another 8.16 million USD.

This whale has cumulatively invested 11.128 million USD to buy 3468 ETH, with an average cost of 3208.8 USD, resulting in a floating loss of 420,000 USD.

Mars Finance reports that on December 4, KobeissiLetter released a market analysis stating that cryptocurrency ETFs are making a comeback. Last week, cryptocurrency funds recorded an inflow of $1.1 billion, marking a new high in 7 weeks, reversing the previous trend of a cumulative reduction of $4.7 billion over 4 consecutive weeks. U.S. cryptocurrency ETFs topped the list with an inflow of $994 million, followed by Canada ($98 million) and Switzerland ($24 million), while Germany saw an outflow of $57 million.

Bitcoin leads capital inflow with a net inflow of $461 million, followed by ETH with a net inflow of $308 million. Meanwhile, investors withdrew $1.9 billion from Bitcoin short ETPs. The upward momentum of cryptocurrencies is returning.

Mars Finance news, on December 4, Polymarket launched the U.S. version of its APP, allowing U.S. residents to trade on Polymarket for the first time.

Mars Finance news, according to Arkham data, at 21:10, 149.7 BTC (valued at approximately 11.97 million USD) was transferred from an anonymous address (starting with bc1qk9...) to another anonymous address (starting with bc1qkt...).

Mars Finance news, Ethereum treasury company ETHZilla Corporation announced the acquisition of a 20% fully diluted stake in the automotive finance decision-making and portfolio analysis AI platform Karus, with a transaction price of 3 million USD in cash and 7 million USD worth of ETHZilla common stock. After the transaction is completed, ETHZilla may explore businesses such as tokenized auto loans.

Mars Finance News, December 3rd, American Automatic Data Processing Company ADP: October employment figures revised to 47,000, previously 42,000. (Jinshi)

Mars Finance reports that, according to Fortune, the decentralized exchange Ostium has announced the completion of a $20 million Series A funding round, led by venture capital firm General Catalyst and the cryptocurrency division of quantitative trading firm Jump Trading, with participation from Coinbase Ventures and cryptocurrency market makers Wintermute and GSR. According to insiders, this round of financing values Ostium at approximately $250 million, and to date, its total financing has reached $280 million. It is reported that Ostium allows users to trade real-world assets such as stocks, metals, oil, and certain cryptocurrencies, supporting higher risks through perpetual futures.

Mars Finance news, software infrastructure provider Antithesis announces the completion of $105 million in Series A financing, led by Jane Street, with participation from Amplify Venture Partners, Spark Capital, Tamarack Global, First In Ventures, Teamworthy Ventures, and Hyperion Capital, as well as Patrick Collison, Dwarkesh Patel, and Sholto Douglas. Antithesis has consistently emphasized the credibility of cryptocurrency, stating that the Ethereum network used its simulations to model extreme situations before the merge, identifying vulnerabilities prior to the transition to proof of stake. Antithesis indicated that it will use the funds to scale engineering, increase automation, expand global marketing efforts, and drive distribution through channels including AWS Marketplace.

Mars Finance news, Parataxis Holdings announced plans to acquire data security company Sinsiway for $27 million, transforming it into an Ethereum (ETH) asset management company and rebranding it as Parataxis ETH, making it the first ETH treasury platform in South Korea backed by U.S. institutional capital. The new entity will hold ETH as part of its core strategy, linking traditional finance with on-chain assets, and will be part of Parataxis's broader strategy to bring digital assets to the public market.

Mars Finance news, on December 3, Axis completed a $5 million private placement financing, led by Galaxy Ventures, and the funds will be used to launch on-chain yield protocols for USD, Bitcoin, and gold.

Mars Finance News, according to an official announcement, BNB Treasury Company CEA Industries, Inc. (Nasdaq: BNC) major shareholder YZi Labs Management Ltd. has issued a formal notice and correction request to the company's asset management party 10X Capital Asset Management LLC. YZi Labs accuses 10X Capital of mismanagement and lack of transparency, threatening to violate the strategic service agreement with YZi Labs. The core dispute lies in 10X Capital's threat to abandon the BNB treasury strategy in favor of investing in other cryptocurrencies such as Solana, which contradicts the company's prior commitment to PIPE investors of $500 million for "establishing the company BNB treasury operations." YZi Labs demands that 10X Capital provide written confirmation by December 5 that it will adhere to the BNB treasury strategy and not improperly dispose of BNB assets. It also pointed out that under 10X Capital's management, BNC's stock price has significantly lagged behind its peers, falling about 19% from the level before the PIPE announcement and dropping 87% from the level after the announcement. YZi Labs has submitted a preliminary consent solicitation to the U.S. Securities and Exchange Commission, seeking to expand the board and appoint independent directors.

Mars Finance News, on December 3rd, Renaiss Protocol announced the official launch of its Closed Beta's final batch of high-rated Pokémon card packs containing PSA certification, "Da Vinci Pack 4.0", which sold out completely within just ten minutes after being listed, continuing the high demand performance seen in previous batches. The Renaiss team also appeared at Binance Blockchain Week in Dubai and hosted an offline event called "Catch Pikachu": participants only need to find the founder Winchman at the venue and complete an interactive sharing to receive a card pack and a special SBT; there was also a card price guessing segment, where the participant closest to the actual price of the cards held by the founder could win 1 BNB as a reward. This event will continue until December 6th, with special sessions on the 5th and 6th taking place in Abu Dhabi. The event has attracted numerous participants, further enhancing Renaiss's exposure in the global crypto and collectibles community. Additionally, the community recently noticed Renaiss's public interactions with overseas collectibles platform Collector Crypt on social platform X, sparking discussions about the relationship between the two parties and future developments. Renaiss has not disclosed more details but stated that multiple updates, activities, and collaborations will be released this month. Since the launch of the closed beta in November, Renaiss has implemented features such as on-chain card draws and liquidity markets, accumulating considerable user participation. With the final card pack of the closed beta sold out, the platform will proceed with the next stage of product updates and market expansion as planned.

Mars Finance news, on December 3, nine major European banks jointly established a stablecoin issuance institution Qivalis, which has been registered in Amsterdam and launched a euro stablecoin subject to the EU (Regulation on Markets in Crypto-Assets) (MiCA). The banks participating in this euro-denominated stablecoin project include: ING Group from the Netherlands, Banca Sella from Italy, KBC from Belgium, Danske Bank from Denmark, DekaBank from Germany, UniCredit from Italy, SEB from Sweden, CaixaBank from Spain, and Raiffeisen Bank International from Austria. The participating banks stated that the plan will provide a genuine European alternative to the US-dominated stablecoin market and help enhance Europe’s strategic autonomy in the payment sector. According to a joint statement, this stablecoin will enable near-instant, low-cost transactions and provide efficient cross-border payments, programmable payments, improvements in supply chain management, and optimization of digital asset settlement 24/7. This MiCA-compliant stablecoin is expected to be launched in the second half of 2026.