Japanese digital asset treasuries are stepping up their Bitcoin-buying efforts despite mounting concerns over businesses making crypto shopping sprees a cornerstone of their business models. Advertising firm Eole snapped up $1 million in Bitcoin on the back of fashion firm ANAP Holdings buying $1.6 million earlier in December In a filing dated December 19, Eole said its Bitcoin holdings are now worth over $9 million. “We have determined that the current market environment is going through a risky patch ...

⚡️ INSIGHT: Nearly 90% of crypto lending revenue now comes from Ethereum and its Layer 2 network, per Ethereum Foundation's David Walsh. https://t.co/wwDbLvjRHg ...

Market Dominance - Aave captures 72% of all crypto lending interest [1] - Aave, priced at $192, generates $90 million monthly revenue, leading the lending sector [1] Competitive Dynamics - Aave cut off Spark's $112 billion TVL from using USDS as collateral [1] - Spark only delivered $17 million revenue share on their Aave fork [1] - Spark's model faces challenges under scrutiny [1] Revenue & Strategy - Spark routed fees through Morpho to avoid payments [1] - Copying code does not guarantee long-term economic viability [1]

Regulatory Changes - Japan's FSA plans to tighten regulations on crypto lending under the Financial Instruments and Exchange Act [1] - The aim is to close loopholes and mandate stronger risk and custody controls for crypto lending [1] - Proposed investment limits for Initial Exchange Offerings (IEOs) to curb retail speculation [1] Potential Concerns - Experts warn that investment caps on IEOs could be easily bypassed in secondary markets [1]

Industry Development - Largest crypto lending protocol Aave to integrate Maple's yield-bearing assets [1]

Core Insights - Société Générale is actively engaging in decentralized finance (DeFi) by integrating its euro and dollar stablecoins with major DeFi platforms like Uniswap and Morpho, marking a significant step beyond pilot projects in the banking sector [2][3][4] Company Developments - SG Forge, the digital assets arm of Société Générale, has integrated its USDCV and EURCV stablecoins with Uniswap, which has a monthly trading volume exceeding $100 billion, and Morpho, a lending protocol with $11 billion in deposits [2] - The integration allows institutional clients to swap stablecoins and other crypto assets on Uniswap and to lend and borrow against them through Morpho [2][3] Industry Trends - The DeFi lending sector is gaining traction, with deposits to DeFi lending protocols reaching an all-time high of $130 billion in early September, indicating a strong demand for decentralized lending solutions [3] - Other banks, such as Credit Suisse and Standard Chartered, are also exploring digital assets and tokenization, reflecting a broader trend in the banking industry towards embracing DeFi and digital currencies [5] Regulatory Environment - Recent regulatory developments, including the European Union's MiCA rules and new stablecoin regulations in the US, are fostering a more favorable environment for banks to engage with digital assets [6] - Future regulations, such as the planned market structure bill in the US, are expected to further encourage banks to explore DeFi initiatives, although potential delays due to government shutdowns may impact this [6]

Regulatory Compliance - SEC and Gemini Trust reached an agreement regarding the Gemini Earn crypto lending dispute [1] - The agreement was reached nearly three years after the initial complaint was filed [1]

Emerging Trends - Tokenized Pokémon cards are gaining popularity [1] - Lending tokenized Pokémon cards for cryptocurrency presents a different set of challenges [1]

Funding & Valuation - Lead Bank 完成 B 轮融资，筹集 70 million 美元，估值达到 1470 million 美元 [1] - Sora Ventures 计划建立 1 billion 美元的基金，投资亚洲的比特币国债公司 [1] Security Incident - 去中心化交易所 Bunni 发布了漏洞利用的事后报告，该漏洞导致 840 万美元的损失 [1] Regulatory Updates - 韩国金融服务委员会发布了关于中心化交易平台加密货币借贷服务的新指南 [1] Mining Operations - Thumzup Media Corporation 计划增加 3500 个 Dogecoin 矿机到其业务中 [1] On-Chain Activity - 一位以太坊 ICO 参与者通过三个地址转移了 15 万个 ETH 到一个质押地址 [1]

Regulatory Landscape - South Korea temporarily paused crypto lending [1] - Regulatory clarity push could set the standard for other nations [1] Industry Impact - The move towards regulatory clarity in South Korea could influence global crypto regulations [1]