⚡️ INSIGHT: Web3 neobanks are changing how money moves, but is your “digital bank” still stuck in TradFi rails?@THORWallet shows what’s next; self-custody, Stablecoins + DeFi plugged into wallet and Swiss-regulated multicurrency account for real-world spending[Cointelegraph Acceleration] ...

Core Insights - ISO 20022 has become the universal standard for financial messaging, replacing SWIFT's legacy format on November 22 [1][5] - The integration of stablecoins and tokenized deposits is a significant advantage of the new standard, allowing for a broader range of digital asset transactions [1][5] - Not all stablecoins are equally integrated into ISO 20022 systems, highlighting the need for standardized identifiers for effective use [5][6] Summary by Sections How ISO 20022 Treats Stablecoins - ISO 20022 is asset-agnostic, allowing for the description of various settlement assets, including traditional fiat transfers, tokenized swaps, and stablecoin payments [2] - The standard does not endorse or prohibit any specific stablecoin, functioning instead as a messaging language for banks and market infrastructures [2] Identifier Codes for Crypto - The traditional ISIN system is being supplemented by ISO 24165, which provides unique alphanumeric codes for blockchain-based digital assets [3] - Most mainstream stablecoins now possess Digital Token Identifiers (DTI) for each instance across different networks, facilitating their identification [3] Compliance and Integration - The notion that some blockchains are compatible with ISO 20022 while others are not is misleading; the focus should be on whether a stablecoin can be clearly identified within ISO 20022 flows [6] - For deep integration into traditional finance, stablecoins require universally accepted DTI registrations that are mapped to an official ISIN [6]

Market Trends - U_S_ Ethereum Spot ETF recorded net inflows for four consecutive trading days [1] Cryptocurrency & Blockchain - Bitcoin mining difficulty decreased by 1_95% to 149_3 T [1] - Visa partners with AquaNow to use stablecoins to speed up settlements [1]

SEOUL (Reuters) -Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of ​the country's largest cryptocurrency exchange Upbit, in an all-stock deal ‌valued at 15.13 trillion won ($10.27 billion). The payment platform said in a regulatory filing on ‌Wednesday that the deal, which is one of the largest in Asia this year, aims to secure future growth based on digital assets. Naver’s fintech subsidiary plans to issue 2.54 shares for every one share in the op ...

Summary of J.P. Morgan's Global Markets Strategy Conference Call Industry Overview - **Focus**: Asian equity markets, particularly China, Korea, and India - **Outlook for 2026**: Bullish on Asian equities with expectations of moderate to exceptional gains driven by policy support and liquidity [2][41][42] Key Points 1. Market Valuations and Positioning - Equity market valuations are currently high, with positioning in regional equities above the 80th percentile since July [2][41] - Despite high valuations, the expectation is for Asian equities to deliver gains due to supportive policies and liquidity [2][41] 2. China Market Recovery - China is in the early stages of recovery from a ~4-year downcycle, with acceptable valuations and light positioning [5][42][88] - Multiple support factors for China include: - AI adoption and power generation advantages - Innovations in robotics, biotech, semiconductors, and fintech - Consumption and property support measures - Rising shareholder returns and domestic liquidity reallocation [5][42][88][89] 3. AI Sector Insights - AI-heavy stocks (~35% of MXASJ) present a mixed risk-reward scenario, with concerns about monetization and potential commoditization [5][41] - The balance of risk and reward suggests limited incentive to increase exposure to AI stocks at this time [5][41] 4. Sector and Country Allocations - **Overweight (OW)**: Korea, Hong Kong/China, India, Consumer Staples, Materials, Financials [5][41][46] - **Neutral**: Taiwan, Technology, Industrials, Real Estate [5][41][46] - **Underweight (UW)**: ASEAN, Utilities, Energy, Healthcare [5][41][46] 5. Earnings Growth and Sector Contributions - Approximately 70% of the EPS consensus growth forecast for 2026 is driven by sectors in Korea, Taiwan, China, and India [14] - A synchronized acceleration of year-on-year growth across markets is anticipated for the first time since 2021 [14] 6. Policy Environment - Global easing policies are expected to support earnings and inflate equity valuations beyond normal levels [57][60] - The US has shifted from austerity to expansionary fiscal policies, which is expected to have a positive impact on Asian markets [58][68] 7. Long-term Themes - Key long-term themes expected to gain traction in 2026 include: - Governance improvements driving re-rating - Localization of Asian equity markets - Stablecoins as a new financial frontier [5][46] 8. Market Index Targets - End-2026 index targets for MXASJ are set at 1025 (base case), 1200 (bull case), and 800 (bear case) [7][54] 9. Risk Considerations - The potential for large gains in 2026 is viewed as substantially higher than the risk of large losses, particularly in the context of China's recovery [5][42][88] Additional Insights - The report emphasizes the importance of monitoring governance reforms in Korea and the ongoing developments in China as critical factors influencing market performance [5][41][42] - The strategic case for allocation to Asia is strengthened by recent improvements in long-term headwinds such as margins and valuations [14][41] This summary encapsulates the key insights and recommendations from J.P. Morgan's conference call, focusing on the outlook for Asian equity markets and the specific dynamics affecting China, Korea, and India.

Core Insights - JPMorgan Chase & Co. has initiated a significant move by offering a Bitcoin-backed bond, which has been highlighted as a major milestone in the cryptocurrency space [1][2]. Company Developments - Anthony Scaramucci, founder of SkyBridge Capital, expressed enthusiasm over JPMorgan's offering, emphasizing its importance and questioning the lack of discussion surrounding it [2]. - JPMorgan has filed to offer structured notes that track the price of the iShares Bitcoin Trust ETF, designed for investors seeking a return of 1.50 times any increase in the fund's value at maturity [3]. - The structured notes allow for an early exit if the ETF trades at or above a preset price in December 2026 [3]. Market Context - The iShares Bitcoin Trust ETF is currently the largest cryptocurrency-based fund, with assets exceeding $67 billion [4]. - Despite CEO Jamie Dimon's previous skepticism towards Bitcoin, he has acknowledged the legitimacy of cryptocurrencies and digital assets [5]. - As of the latest data, Bitcoin was trading at $91,092.82, reflecting a 3.73% increase over the last 24 hours [5]. Stock Performance - JPMorgan's shares experienced a 0.31% increase in after-hours trading, closing 1.53% higher at $307.64 during the regular trading session [6].

The Week in Stablecoins according to @ahbeaudry--India signals openness to a stablecoin framework--U.S. Bank pilots bank-issued stablecoins on @StellarOrg--Klarna prepares a USD-backed stablecoin on Tempo--@Paxos acquires Fordefi--S&P downgrades USDT’s stability ratingAlexander (@ahbeaudry):https://t.co/VkvBFd4ruz ...

Group 1 - The Financial Stability Board (FSB) has added Zurich Insurance, Swiss Re, and Swiss Life to its list of insurers required to prepare resolution plans in case of insolvency, increasing the total from 13 to 17 insurers [1] - The aim of these resolution plans is to better equip companies and regulators to manage potential emergencies or collapses, following the advocacy for such plans after the 2007-09 financial crisis [2] - The insurance sector initially opposed the move, arguing that the risk of contagion is lower for insurers compared to banks [3] Group 2 - The FSB set its work programme for 2026 during a plenary session in Saudi Arabia, ahead of the G20 leaders' meeting, with the US chairing the G20 next year [4] - The plenary reviewed recent regulatory changes in major economies and identified the rapid growth and complexity of private credit markets as a priority for 2025 [5] - Ongoing monitoring of crypto-assets and stablecoins was called for by the FSB, highlighting concerns regarding risks and regulatory challenges for multi-jurisdiction issuers [6]

Main Stage at the Digital Asset Conference.A deep dive into how stablecoins are shaping the global economy.Featuring:• Mykolas Majauskas, Senior Director of Policy, Bybit• Scott Lucas, @JPMorganAM• Patrick Elyas, @circle• Stani Kulechov, @aave• William Benattar, Marshall WaceSession runs 11:20 AM to 12:00 PM on Nov 28. Don’t miss it.#Bybit #CryptoArk ...

📰 #AscendEX Daily Updates🔷Spot Dogecoin ETF records $1.41 million in trading volume on its first day🔷JPMorgan applies to the U.S. SEC for Bitcoin structured note product🔷The annual transfer volume of stablecoins has surpassed $50 trillion#AscendEX #Crypto #CryptoNews https://t.co/mV4cx7S7Pl ...