According to PANews, Harvard University has reported a substantial loss in its Bitcoin ETF holdings following a sharp decline in the cryptocurrency market. Recent disclosure documents submitted to the U.S. Securities and Exchange Commission (SEC) reveal that the value of the university's Bitcoin ETF holdings has decreased by approximately $40 million. Last quarter, Harvard increased its shares in the iShares Bitcoin Trust ETF, with holdings once nearing $500 million. Despite a brief rebound in Bitcoin prices on Tuesday, the cryptocurrency has experienced a decline of over 20% this quarter. If Harvard had sold its holdings in early October, it might have avoided further losses or even made a small profit. However, the average purchase price of the shares has not been disclosed. Assuming Harvard still holds some or all of the 4.9 million shares acquired last quarter, the most optimistic scenario indicates a 14% loss. This calculation presumes that the university purchased the shares in early July when Bitcoin's trading price was at its lowest for the quarter. At that time, Harvard invested approximately $294 million, which is now valued at around $255 million. In the second quarter of this year, before the anticipated Bitcoin market surge in 2025, Harvard also acquired 1.9 million shares. This portion of the holdings may have incurred smaller losses or slight gains, depending on the timing of the purchase. From an accounting perspective, the loss from these holdings has a minimal impact on Harvard's balance sheet. The university manages an endowment fund of $57 billion, the largest of its kind in the United States. As of September 30, its Bitcoin holdings represent less than 1% of its total assets.

RWA: Analyzing the First RWA "Default" Case - What Risks Should We Pay Attention To? Golden Finance: "Asset On-Chain" is Seen as a Solution to the Pain Points of Traditional Asset Investment.

The US Justice Department has seized a Myanmar-based crypto scam website linked to the Tai Chang compound. The operation targeted investors with fake trading platforms and is part of wider efforts to disrupt international crypto fraud.

null source: https://x.com/solidintel_x/status/1996152011386130478

Newly launched XRP ETFs in the United States recorded institutional inflows of 824 million USD within two weeks. The article XRP surpasses 800 million USD in ETF net inflows as the second-fastest cryptocurrency was first published on Crypto Valley Journal. source: https://cryptovalleyjournal.com/investing/financial-products/xrp-surpasses-800-million-usd-in-etf-net-inflows-as-second-fastest-cryptocurrency/?utm_campaign=rss_reader&utm_medium=rss&utm_source=feed_source&utm_content=XRP+surpasses+800+million+USD+in+ETF+net+inflows+as+the+second-fastest+cryptocurrency

Local industry body CryptoUK said this gives crypto a "clearer legal footing" in related crimes or litigation. source: https://www.theblock.co/post/381181/uk-new-law-crypto-property?utm_source=rss&utm_medium=rss

Kalshi raised $1 billion and is now valued at $11 billion, making its two founders billionaires, while Luana Lopes Lara became the world's youngest self-made female billionaire.

金融业正面临着下一场重大的市场基础设施变革——即代币化，它可以更快、更安全地移动资产。

The name Fusaka comes from a combination of the execution layer upgrade Osaka and the consensus layer version Fula Star. This upgrade is expected to be activated on December 3, 2025 at 21:49 UTC.

Fusaka, ETH: Towards a New Scale - Golden Finance provides an in-depth analysis of the Ethereum Fusaka upgrade and its impact.

Taiwan has charged Tokyo Electron’s local subsidiary over the alleged theft of TSMC’s 2nm chip secrets. Three former and current TSMC engineers are also facing jail terms, while the company could be fined NT$120 million.

Japan also has a relevant stablecoin regulatory framework, but why did Sony choose the United States instead of Japan to issue a stablecoin?

Ten major European banks have joined forces to create a euro-backed stablecoin called Qivalis, aiming to launch in the second half of 2026. The token will offer faster, cheaper digital payments and settlements, providing a European alternative to US dollar-backed stablecoins.

This article analyzes why the widespread adoption of AI will become the core driving force and booster of blockchain from the perspectives of reshaping trust mechanisms, establishing a rights confirmation system, shifting economic paradigms, the importance of tokens as value carriers, and risk control.