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Wu Blockchain· 2025-12-12 04:34
Members of the U.S. House Financial Services Committee sent a letter to SEC Chair Paul Atkins urging rule updates to allow Bitcoin and other digital assets in 401(k) plans. The move aligns with President Trump’s directive to expand retirement investment options. Lawmakers also called for easing the “accredited investor” definition and for the SEC to coordinate with the Department of Labor on related rules.https://t.co/48RrbjJKvX ...
X @Wu Blockchain
Wu Blockchain· 2025-12-12 03:41
Sei issued a clarification regarding the “Xiaomi partnership” rumors, stating that the collaboration is limited to pre-installing a Sei-based mobile financial application on Xiaomi devices to provide users with a Web3 entry point. It does not involve Xiaomi supporting or operating any digital asset payment or stablecoin functions at this stage, and related app capabilities will be rolled out over time.https://t.co/VT6wik9SQm ...
X @Wu Blockchain
Wu Blockchain· 2025-12-12 02:43
The U.S. Commodity Futures Trading Commission (CFTC) has issued no-action letters to Polymarket, PredictIt, Gemini, and LedgerX/MIAX, granting conditional relief from certain recordkeeping and data-reporting requirements. The move means the regulator will not pursue enforcement as long as the platforms meet specified compliance conditions while operating their prediction-market and derivatives services. https://t.co/GYM3RPfGQb ...
X @Wu Blockchain
Wu Blockchain· 2025-12-12 01:47
According to Bloomberg, Coinbase is expected to announce the launch of new features—including proprietary tokenized U.S. equities—at its December 17 event. Screenshots of the upcoming application have been circulating on X for weeks, though the company has not formally disclosed the product. A spokesperson declined to comment on details, saying more information will be revealed during the livestream. https://t.co/1KetYJ4oWT ...
X @Wu Blockchain
Wu Blockchain· 2025-12-12 01:10
Strategy CEO: Bitcoin Will Rise an Average of 21% Per Year Over the Next 21 YearsIn an interview with What Bitcoin Did on November 28, 2025, Strategy CEO Phong Le discussed Bitcoin's potential performance over the next several years, referencing Michael Saylor's model of "21% annual appreciation for the next 21 years", which he believes is a reasonable long-term expectation. He noted that as long as Bitcoin's long-term returns exceed the S&P 500's 14–15% annualized performance—whether that means 30%, 20%, o ...
X @Wu Blockchain
Wu Blockchain· 2025-12-11 23:13
Regulatory Approval - DTCC's subsidiary DTC received a No-Action Letter from the U.S SEC [1] - The authorization is for a three-year controlled-production tokenization service for DTC-custodied assets [1] Tokenization Initiative - The rollout of the tokenization service is expected in the second half of 2026 [1] - The service permits tokenizing traditional assets on approved L1 and L2 networks [1] - Digital versions of assets will carry the same rights and protections as their conventional forms [1]
X @Wu Blockchain
Wu Blockchain· 2025-12-11 22:14
According to Inner City Press, over a four-year period Do Kwon publicly misled the market, fabricated the stablecoin mechanism, and concealed the support arrangement with Jump Trading, ultimately causing more than $40 billion in losses and harming hundreds of thousands of investors. The judge imposed a 15-year prison sentence. https://t.co/h2ypKAQztS ...
X @Wu Blockchain
Wu Blockchain· 2025-12-11 21:07
x402 released V2, expanding the protocol beyond single-call payments into a more general payment layer. The update adds wallet-based identity, automatic API discovery, dynamic payment recipients, and broader chain and fiat support via CAIP standards, along with a modular SDK for custom networks. x402 is an open-source payment protocol from the Coinbase Developer Platform built on the HTTP 402 status code. https://t.co/NvX57S8VDV ...
X @Wu Blockchain
Wu Blockchain· 2025-12-11 16:46
According to Bloomberg, JPMorgan arranged the issuance and settlement of a $50 million U.S. commercial paper for Galaxy Digital on the Solana blockchain, with Coinbase and Franklin Templeton purchasing the notes and both payment and redemption conducted in Circle’s USDC. The bank is using Solana to build multi-chain experience and plans to support additional bond issuances on public blockchains. https://t.co/4rTA5m74fE ...
X @Wu Blockchain
Wu Blockchain· 2025-12-11 13:55
For the week ending December 6, U.S. initial jobless claims were 236k, above the expected 220k, with the prior week's revised to 192k. The September trade deficit was $52.8 billion, better than the expected $63.3 billion, and revised from $59.6 billion to $59.3 billion. The trade deficit narrowed to the smallest since June 2020. ...