PANews

PANews December 11 news, according to Decrypt, Fundstrat co-founder and BitMine Chairman Tom Lee stated in an interview: "BitMine believes that Ethereum has bottomed out, and compared to two weeks ago, we have more than doubled the amount of Ethereum we are buying." Tom Lee and BitMine are more excited about Ethereum's prospects over the next 10 to 15 years, especially as Wall Street has embraced the Ethereum network and its role in future finance. He stated: "The reason for the excitement about Ethereum is that Wall Street has chosen to use this blockchain to layout the future. It started with stablecoins, which is a significant 'aha' moment for Wall Street... but that was just about tokenizing the dollar. Now Wall Street wants to tokenize everything, and they won't build on Bitcoin—they need a smart contract platform."

PANews December 11 news, according to Decrypt, Fundstrat co-founder and BitMine chairman Tom Lee stated in an interview: “BitMine believes that Ethereum has hit the bottom, and compared to two weeks ago, we have increased our purchases of Ethereum by more than double.” Tom Lee and BitMine are more excited about the prospects of Ethereum over the next 10 to 15 years, especially as Wall Street has embraced the Ethereum network and its position in future finance. He stated: “The reason for the excitement about Ethereum is that Wall Street has chosen to use this blockchain to lay out the future. This started with stablecoins, and for Wall Street, this is a major 'epiphany' moment... but that was just tokenizing the dollar. Now Wall Street wants to tokenize everything, and they are not going to build on Bitcoin—they need a smart contract platform.”

PANews December 11 news, according to Cointelegraph, a report released by Sygnum (2025 Asia-Pacific High Net Worth Individuals Report) found that based on strong expectations for the next two to five years, 60% of surveyed high net worth individuals in Asia are prepared to increase their cryptocurrency allocation. The survey targeted 270 high net worth individuals (with investable assets over $1 million) and professional investors with over ten years of experience from ten Asia-Pacific countries/regions.

The survey results also showed that the vast majority (90%) of surveyed high net worth individuals believe that digital assets "are significant for long-term wealth preservation and estate planning, not purely speculative." 87% of surveyed high net worth individuals in Asia already hold cryptocurrencies, with about half having an allocation exceeding 10%, and the average portfolio allocation being around 17%. 87% of investors also stated that they would request private banks or financial advisors to increase such services if cryptocurrency services were provided through regulated partners. Meanwhile, 80% of active investors reported holding blockchain protocol tokens, such as BTC, ETH, SOL. According to 56% of respondents, the most common reason for investment is portfolio diversification.

PANews December 11 news, according to The Block, Loop Crypto announced on Tuesday that it will partner with Lead Bank, aiming to leverage the anticipated wave of stablecoin growth. Eleni Steinman, co-founder and CEO of Loop Crypto, stated in a blog post: "We are excited to partner with Lead to expand our work in the field of stablecoins and cryptocurrency payments, unlocking greater impact and reach for technologies that can make our financial system faster, more efficient, and more secure."

It is reported that, although Lead Bank is a community bank with a 97-year history based in Kansas City, Missouri, it has shifted its focus in recent years to financial technology companies and crypto firms. Earlier this year, Lead Bank raised $70 million in a Series B funding round led by investors including a16z, pushing its valuation to $1.47 billion. Loop Crypto stated that it had raised a total of $6 million earlier this year, with some funds coming from a16z.

PANews December 11 news, according to Bloomberg, Michael Saylor, Executive Chairman of Bitcoin financial firm Strategy, publicly criticized a proposal to exclude the company from the U.S. index, calling it "biased" and "harmful." In response to MSCI's proposal to exclude companies with cryptocurrency holdings exceeding 50% of total assets, Strategy raised key objections from technical, accounting, and political perspectives. Strategy warned that if MSCI passes the proposal before January 15, it would have "extremely harmful consequences."

Strategy executives believe that the 50% rule "arbitrarily singles out digital asset companies, giving them unfair special treatment," and pointed out that some companies have similar exposure to oil, timber, and gold. The proposed restrictions also overlook price volatility and other core factors in balance sheet accounting. The core of Strategy is that the company is different from investment funds, actively using Bitcoin to create returns for shareholders rather than just being a "wrapper" for the original cryptocurrency, and pursuing value creation through technological innovation. Finally, the letter mentioned a broader debate about passive investing, stating that the proposal is inconsistent with MSCI's role as a standard-setting organization and would raise concerns about the neutrality of its index.

PANews December 11 news, according to CoinDesk, U.S. President Trump has initiated actions against the "de-banking" measures implemented by the U.S. on controversial industries such as digital assets, prompting the Office of the Comptroller of the Currency (OCC) to release a new report. The report further confirms past practices and warns that banks involved may face penalties. This brief report from the OCC reviews the nine largest national banks in the U.S., concluding that "between 2020 and 2023, these banks established public and non-public policies that limited certain industries' access to banking services, including requiring enhanced reviews and approvals before providing financial services." The report states that some major banks have set higher entry barriers for controversial or environmentally sensitive businesses, or activities that conflict with the banks' own values. Financial giants such as JPMorgan Chase, Bank of America, and Citigroup are highlighted, along with links to their past public policies, especially regarding environmental issues. The report states: "The Office of the Comptroller of the Currency intends to hold these banks accountable for any illegal 'de-banking' activities, including referring relevant cases to the Attorney General." However, it is currently unclear which specific laws these activities may violate.

Author: Castle Labs

Compiled by: Yangz, Techub News

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PANews December 11 news, according to CoinDesk, the Commodity Futures Trading Commission (CFTC) of the United States announced the first members of the "CEO Innovation Committee." This committee aims to delve into the dynamics of the development of derivatives market structures, particularly discussing tokenization, cryptocurrencies, and blockchain technology. The complete list of new committee members is as follows: Polymarket CEO Shayne Coplan, Cboe Global Markets CEO Craig Donohue, CME Group Chairman and CEO Terry Duffy, Bullish CEO Tom Farley, Nasdaq Chairman and CEO Adena Friedman, Bitnomial CEO Luke Hoersten, Kalshi CEO Tarek Mansour, Crypto.com CEO Kris Marszalek, London Stock Exchange Group (LSEG) CEO David Schwimmer, Kraken Co-CEO Arjun Sethi, Intercontinental Exchange CEO Jeff Sprecher, Gemini CEO Tyler Winklevoss.