Investment Rating - The report suggests a cautious outlook for the cryptocurrency market, with a recommendation to focus on companies involved in AI data centers and those with significant power reserves [4][25]. Core Insights - The cryptocurrency market is experiencing a slight recovery in sentiment, with the total market capitalization reaching $3.06 trillion, a 0.7% increase week-over-week. Bitcoin and Ethereum prices have also seen increases of 1.0% and 2.0%, respectively [1][10]. - The report highlights a shift in regulatory frameworks globally, with the U.S. SEC indicating a transition towards on-chain financial markets and Japan planning to include cryptocurrencies under its securities regulatory framework [2][21]. - The trading volume on various platforms is showing mixed trends, with Polymarket reaching a record high of $1.3 billion in weekly trading volume, while Coinbase's trading volume has decreased by 15.8% [3][23][17]. Summary by Sections Market Review - The total cryptocurrency market capitalization is $3.06 trillion, with Bitcoin closing at $90,270 and Ethereum at $3,084. The Federal Reserve has lowered interest rates by 25 basis points, with expectations of no further cuts in early 2026 [10][1]. - The fear and greed index for cryptocurrencies is at 26, indicating a state of fear despite a slight improvement in market sentiment [11]. Global Policy and Industry News - The Hong Kong government is consulting on a framework for cryptocurrency asset reporting, aiming for legislative changes by 2026 [19]. - The U.S. SEC is moving towards a blockchain-based financial market, which is expected to enhance transparency and efficiency [21]. - Japan is planning to regulate cryptocurrencies under its securities laws, marking a significant shift in its regulatory approach [21]. Company News - Circle has received approval to operate as a currency service provider in Abu Dhabi and is launching a privacy-focused version of USDC [22]. - Coinbase plans to launch prediction markets and tokenized stocks on December 17, 2023, indicating a strategic expansion into new financial products [24]. - Tether is collaborating with HoneyCoin to promote digital assets in Africa, enhancing the accessibility of USDT payments [22]. Investment Recommendations - The report advises focusing on cryptocurrency mining companies with ties to Google and those with substantial power reserves, as well as trading platforms that are expanding into prediction markets and tokenized stocks [4][25].

LATEST: 🇲🇾 Malaysian Crown Prince Tunku Ismail Sultan Ibrahim is launching RMJDT, a stablecoin backed by the Malaysian ringgit, and will establish a $121.5 million Zetrix digital asset treasury. https://t.co/TEDhroof6r ...

Core Insights - Malaysia's Crown Prince has launched a state-backed stablecoin initiative and a significant crypto-treasury plan amidst concerns about the global digital-asset market's stability [1] Group 1: Stablecoin Initiative - Bullish Aim Sdn. Bhd. has introduced RMJDT, a ringgit-backed stablecoin, utilizing the Zetrix blockchain, which supports Malaysia's national blockchain infrastructure [2] - The rollout of RMJDT is conducted under a regulated sandbox overseen by the Securities Commission and Bank Negara Malaysia, aimed at testing financial innovations [3] - The initiative aims to enhance the ringgit's role in cross-border settlements and attract foreign direct investment, aligning with Malaysia's Digital Asset National Policy [4] Group 2: Digital Asset Treasury - Bullish Aim plans to establish a Digital Asset Treasury Company with an initial allocation of 500 million ringgit (approximately $121 million) in Zetrix tokens, with intentions to grow the treasury to one billion ringgit [5] - The treasury will stabilize gas fees for RMJDT transactions and support up to 10% of validator nodes within the national blockchain infrastructure [5] - The strategy draws inspiration from successful corporate treasury models, highlighting the willingness of well-capitalized players to engage in significant investments despite market uncertainties [6] Group 3: Market Context - The launch of RMJDT occurs during a period of declining prices for Zetrix, which trades around $12.60, down from a peak above $20 a year ago [7] - Malaysia is experiencing a broader regional shift with multiple digital-asset treasury announcements, indicating a proactive approach to digital asset integration despite global inflow slowdowns [8]

Core Insights - Malaysia's king's eldest son has introduced a local currency-backed stablecoin aimed at enhancing cross-border trade and attracting foreign investment in the Asia-Pacific region [1] - The stablecoin, named RMJDT, is pegged to the Malaysian ringgit and will have an initial total supply of 500 million tokens, equivalent to approximately $121.5 million, backed by ringgit cash deposits and short-term local government bonds [2] - The issuer, Bullish Aim Sdn, views RMJDT as a strategic necessity for operational stability and alignment with national blockchain initiatives, promoting it as a faster, safer, and more efficient transaction method [3] Industry Context - The launch of RMJDT aligns with broader trends in Asia, where several countries are advancing stablecoin initiatives, with Hong Kong leading after the introduction of stablecoin regulations in July [3] - Circle reported that the Asia-Pacific region is experiencing rapid growth in on-chain stablecoin activity, with $2.4 trillion projected between June 2024 and June 2025, marking it as the fastest-growing market globally [4] - The region boasts the highest adoption rate for stablecoins, with 56% of institutions in Asia utilizing them for payments, settlements, and treasury functions [4]