ETHZilla announced plans to redeem $516 million in convertible bonds maturing in 2028 by December 30th at 117% of face value, plus accrued interest. The company will utilize restricted cash held as collateral to support the redemption and has signed relevant agreements with bondholders. ETHZilla stated that this move aims to simplify its capital structure, enhance financial flexibility, and align with its recent progress in on-chain asset tokenization, including previously disclosed deployments and investments in Karus and Zippy. (prnewswire)

On Dec 11, 2025, 01:15 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 91,000 USDT and is now trading at 90,987.921875 USDT, with a narrowed 1.34% decrease in 24 hours.

According to PANews, U.S. President Donald Trump has initiated actions against the 'de-banking' of controversial industries, including digital assets, prompting the Office of the Comptroller of the Currency (OCC) to release a new report. This report reaffirms previous practices and warns that banks involved may face penalties. The OCC's brief report reviewed the practices of the nine largest national banks in the United States, concluding that from 2020 to 2023, these banks established both public and private policies that restricted certain industries from accessing banking services. These restrictions included requiring enhanced reviews and approvals before providing financial services. The report highlights that some major banks have set higher entry barriers for controversial or environmentally sensitive businesses, or activities that conflict with the banks' values. Notable financial institutions such as JPMorgan Chase, Bank of America, and Citigroup were specifically mentioned, with references to their past public policies, particularly concerning environmental issues. The OCC intends to hold these banks accountable for any illegal 'de-banking' activities, potentially referring cases to the Attorney General. However, it remains unclear which specific laws these activities might violate.

According to BlockBeats On-chain Detection, a whale address recently withdrew 101,365 SOL from a centralized exchange (CEX) 10 hours ago. The total holdings of this whale now amount to 628,564 SOL, with 519,217 SOL stored in a wallet and 109,348 SOL staked.

According to Cointelegraph, the Office of the Comptroller of the Currency (OCC) has revealed preliminary findings indicating that the nine largest U.S. banks restricted financial services to politically sensitive industries, including cryptocurrency, from 2020 to 2023. The banking regulator stated that these major banks made inappropriate distinctions among customers based on their lawful business activities during this period. The banks either implemented policies that restricted access to banking services or required escalated reviews and approvals before providing financial services to certain customers. However, the OCC did not provide specific details on these practices. The OCC's investigation was initiated following an executive order signed by U.S. President Donald Trump in August, which directed a review of whether banks had debanked or discriminated against individuals based on their political or religious beliefs. The report highlighted that, in addition to cryptocurrency, sectors such as oil and gas exploration, coal mining, firearms, private prisons, tobacco and e-cigarette manufacturers, and adult entertainment also faced banking restrictions. The OCC noted that banks' actions toward crypto involved restrictions on issuers, exchanges, or administrators, often attributed to financial crime considerations. Comptroller of the Currency Jonathan Gould expressed concern over the banks' actions, stating that it was unfortunate that the nation's largest banks considered these debanking policies an appropriate use of their government-granted charter and market power. He noted that while many of these policies were publicly announced, some banks continued to deny engaging in debanking practices. The OCC's examination included major banks such as JPMorgan Chase, Bank of America, Citibank, Wells Fargo, US Bank, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCC is continuing its investigation and may refer its findings to the Justice Department. Nick Anthony, a policy analyst at the Cato Institute, criticized the OCC's report, stating that it left much to be desired and failed to mention the most well-known causes of debanking. He pointed out that the report criticized banks for severing ties with controversial clients but did not acknowledge that regulators assess banks on their reputation. Anthony also noted that the report appeared to blame banks for cutting ties with cryptocurrency companies without mentioning that the Federal Deposit Insurance Corporation (FDIC) explicitly advised banks to avoid these companies. Additionally, Republicans on the House Finance Committee reported that the FDIC's 'pause letters' under the Biden administration contributed to the debanking of the digital asset ecosystem. Caitlin Long, founder and CEO of Custodia Bank, stated that the FDIC and Federal Reserve were the main culprits of crypto-related debanking under the Biden administration, not the OCC. She added that the OCC's report focused on large banks, while the supervisory priority for crushing crypto was more significant for small and mid-sized banks.

On Dec 11, 2025, 01:13 AM(UTC). According to Binance Market Data, BNB has dropped below 880 USDT and is now trading at 879.330017 USDT, with a narrowed 1.24% decrease in 24 hours.

Sygnum's "APAC HNWI Report 2025" reveals that 60% of surveyed Asian high-net-worth investors (HNWIs) plan to further increase their allocation to crypto assets within the next 2-5 years. The report covers ten APAC markets, including Singapore, Hong Kong, Indonesia, South Korea, and Thailand, and surveyed 270 investors with over $1 million in investable assets and more than 10 years of experience. The results show that 87% of respondents already hold crypto assets, with nearly half having over 10% of their portfolios allocated to crypto, and an average allocation of approximately 17%. Meanwhile, 90% of high-net-worth investors believe that digital assets are crucial for long-term wealth preservation and inheritance, rather than being purely speculative tools. Sygnum co-founder and APAC CEO Gerald Goh stated that digital assets are deeply embedded in the Asia-Pacific private wealth management system, and allocation motivations are shifting from short-term speculation to strategic asset diversification and institutional-grade product demand. Furthermore, 80% of respondents held mainstream protocol tokens such as BTC, ETH, and SOL, and approximately 56% cited "diversifying portfolio risk" as the main reason for allocating crypto assets. Regarding regulation, Goh pointed out that while the regulatory frameworks in Singapore and Hong Kong are stricter, they provide clear standards for custody, operations, and investor protection for institutional investors, enabling truly qualified service providers to possess stronger institutional capabilities. (Cointelegraph)

According to Lookonchain monitoring, Machi Dage has just deposited another $254,700 USDC into Hyperliquid to further increase his long ETH positions. His current holdings have increased to 11,100 ETH, with a position value of approximately $36.36 million and a liquidation price of $3,201.04.

The Office of the Comptroller of the Currency (OCC) released preliminary findings stating that between 2020 and 2023, nine of the largest U.S. banks imposed restrictive measures on certain "politically sensitive" industries, including the crypto sector. The OCC pointed out that these banks, based on the "legitimate but controversial" nature of their clients' businesses, engaged in practices such as restricting account openings, limiting services, or requiring higher levels of approval, constituting unfair discrimination. Affected sectors included not only crypto asset issuers, exchanges, and custodians, but also oil and gas, coal, firearms, private prisons, tobacco and e-cigarettes, and the adult entertainment industry. The OCC stated that some banks attributed their restrictions on crypto businesses to "financial crime-related considerations." The OCC's targets included nine large banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, and stated that the investigation is ongoing and some findings may be transferred to the Department of Justice. Analysts pointed out that the report did not address some more crucial reasons for "de-banking," such as regulatory assessments of banks' reputational risks and the Federal Deposit Insurance Corporation's (FDIC) previous requirement for banks to "stay away from the crypto industry." (Cointelegraph)

In short: The 25bps rate cut was in line with expectations, but the dot plot and press conference information were more dovish than the market expected.

Powell, Federal Reserve, interest rate cuts, tariffs, inflation; Powell's underlying message: a carefully designed "scapegoating" and farewell. Golden Finance: Will there only be one interest rate cut next year?

美联储,降息,鲍威尔,货币政策,2025年12月美联储议息会议实录：RMP来了 金色财经,美联储RMP来了。

The UAE has a very clear macroeconomic strategy: to accelerate its transformation from a past oil-based economy to a future-oriented fintech hub. The crypto industry is a key sector for this leapfrog development, and it is currently in a relatively advantageous position.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2905, providing you with the latest and fastest news on the digital currency and blockchain industry.

SEC, Trump, Trump to hold "final interviews" for Fed Chair Hassett not yet a done deal, Golden Finance, Is Bessett still a potential successor?

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

On the eve of Do Kwon's trial, Terra Do Kwon is gambling $1.8 billion on his sentence. Golden Finance: Dead fundamentals, vibrant speculation.

Recommended reading tonight: 1. Multicoin: Stablecoins and Fintech 4.0; 2. Why are crypto giants like Binance, Tether, and Circle flocking to Abu Dhabi?; 3. Four reasons to be bearish on US stocks in 2026.

This article will share perspectives from the infrastructure, growth, bio + health, and Speedrun teams.