According to Cointelegraph, Fitch Ratings has issued a cautionary report regarding U.S. banks with significant cryptocurrency exposure, suggesting that their ratings may be negatively reassessed. The report, released on Sunday, highlights the dual nature of crypto integrations, which can enhance fees, yields, and efficiency but also introduce risks related to reputation, liquidity, operations, and compliance. Fitch emphasized that while stablecoin issuance, deposit tokenization, and blockchain technology offer banks opportunities to improve customer service and leverage blockchain speed and efficiency in payments and smart contracts, these benefits come with potential drawbacks. The agency warned that it might reconsider the business models or risk profiles of banks heavily involved in digital assets. Fitch Ratings acknowledged that regulatory advancements in the U.S. are contributing to a safer cryptocurrency industry. However, banks still face challenges in managing the volatility of cryptocurrency values, the pseudonymity of digital asset owners, and the protection of digital assets from loss or theft. These issues must be addressed to fully realize the earnings and franchise benefits associated with crypto integrations. Fitch Ratings, alongside Moody’s and S&P Global Ratings, is one of the "Big Three" credit rating agencies in the U.S., and its assessments carry significant weight in the financial sector. A downgrade by Fitch could lead to decreased investor confidence, increased borrowing costs, and growth challenges for banks with substantial crypto exposure. The report also pointed out that major banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are actively involved in the crypto sector. Fitch raised concerns about the systemic risks posed by the rapid growth of the stablecoin market, particularly if it becomes large enough to impact other financial areas and institutions. The agency warned that the adoption of stablecoins could increase financial system risks, especially if it reaches a level that influences the Treasury market. Moody’s recently echoed similar concerns in a report from late September, highlighting the potential systemic risks of stablecoins. The report argued that widespread adoption of stablecoins in the U.S. could undermine the legitimacy of the U.S. dollar. Moody’s noted that high penetration of USD-linked stablecoins could weaken monetary transmission, particularly when pricing and settlement occur outside the domestic currency. This situation creates pressures similar to unofficial dollarization but with greater opacity and less regulatory oversight.

The two largest crypto treasury companies, Bitcoin-focused Strategy (formerly MicroStrategy) and Ethereum-heavy BitMine, executed significant expansions of their digital asset treasuries this week despite their falling premium. On Dec. 8, Strategy revealed that it acquired 10,624 BTC last week for $962. 7 million, its largest weekly outlay since July source: https://cryptoslate.com/the-infinite-money-glitch-fueling-strategy-and-bitmine-has-evaporated-forcing-a-desperate-pivot-to-survive/

null source: https://x.com/lookonchain/status/1998204237818494986

Do Kwon will be sentenced in the US on December 11 after pleading guilty to wire fraud and conspiracy charges. source: https://www.cryptopolitan.com/do-kwon-is-set-for-sentencing/

Michael Saylor’s hint about a fresh Bitcoin purchase has renewed talk among traders and investors, even as on-chain stress signals point to a tougher stretch for the network. The mix of heavy buying by public firms and signs of miner strain is drawing attention from both bulls and bears. Related Reading: Bitcoin Adoption Is Just Getting Started — 200x Growth Possible, Tom Lee Says Saylor’s Tracker Signals According to a StrategyTracker chart shared by Michael Saylor, Strategy holds about 650,000 BTC with a portfolio value near $58 billion. The chart lists an average purchase price of $74,436 and shows 88 confirmed buy events over time source: https://www.newsbtc.com/news/bitcoin/bitcoin-alert-saylor-signals-new-purchase-as-his-favorite-indicator-returns/

Wang Yongli's explanation is an important reminder, but the Chinese story about stablecoins may require a broader narrative.

According to ChainCatcher, U.S. Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf are set to meet with bipartisan senators on Thursday to discuss upcoming cryptocurrency market legislation. The meeting, organized by the Financial Services Forum, a coalition of major banks, is expected to focus on the bankers' opposition to allowing interest payments on stablecoins, the competitive stance of banks in the cryptocurrency sector, and measures to prevent the use of cryptocurrencies for illegal activities. Senators involved in crafting cryptocurrency market structure legislation have been invited to participate in the discussion.

According to Odaily, Jack Mallers, CEO of Twenty One Capital and founder of Strike, announced on X that the company is set to officially list on the New York Stock Exchange (NYSE) under the ticker symbol 'XXI' on December 10, Beijing time (UTC+8). As part of the listing process, the company will transfer over 43,500 bitcoins from a custodial account to self-management and will update the corresponding proof of reserves upon completion. The company emphasized that transparency will continue to be an industry standard. Previously, it was reported that Twenty One Capital moved bitcoins valued at approximately $3.94 billion to a new wallet.

According to ChainCatcher, Matt Huang, founder of Paradigm, shared research on social media by @notnotstorm, revealing a statistical error in Polymarket's data. This error has led to the duplication of trading volume figures in its public data, potentially affecting many third-party references to this information.

December 2025 is not the starting point for the "yen carrying transactions to ignite the world", but rather the starting point for the "turnaround of US monetary policy from tightening to excessive looseness". The real risks will be in 2026-2027.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2903, providing you with the latest and fastest news on the digital currency and blockchain industry.

Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of affairs and individualistic selfishness has overshadowed the industry's growth itself.

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.

The decision to release $1.4 billion in reserves may be a concession based on the strategy of not selling Bitcoin, but in the face of reality, Strategy also simultaneously lowered its full-year financial forecast and key performance indicators.

Bitcoin holders want to use their Bitcoin, but the infrastructure has never provided a secure and native way to do so.

Predictions, Crypto Markets, Shorting the Prediction Market (Golden Finance), Mean Reversion in the Super Speculative Cycle.

If a more stringent, fully punitive approach is adopted towards $BTC, the capital shortfall could be between $12.5 billion and $25 billion.

Just as tokenization represents an evolution in the market, so too does the topic of the recommendations the committee will consider. The emergence of artificial intelligence promises to revolutionize workflows and business models.