According to BlockBeats, the Federal Reserve injected $16 billion into the U.S. banking system through overnight repurchase agreements. This marks the second-largest liquidity injection since the onset of the COVID-19 pandemic.

According to Onchain Lens monitoring, a whale (0x4A96...500e) deposited 3 million USDC into HyperLiquid and spent $2.78 million to buy 108,501 HYPE tokens at a price of $25.63 per coin. In addition, this whale also staked 10,030 HYPE tokens.

OCC allows banks to participate in risk-free crypto transactions, changing market dynamics. source: https://coincu.com/news/occ-banks-crypto-transactions-2/

As the Iranian rial plummeted to a historic low against the US dollar, large-scale protests erupted in Tehran, with protesters attributing the currency's continued depreciation to long-term fiscal and monetary policy failures by the central bank. In response, Bitwise CEO Hunter Horsley stated on the X platform that economic mismanagement persists in the past, present, and future, and that Bitcoin offers ordinary people worldwide a new way to protect their wealth amidst significant fiat currency devaluation. Reports indicate that since the two-week conflict with Israel in June, the Iranian rial's purchasing power has shrunk by over 40%, with the current official exchange rate at approximately 1.4 million rials to one US dollar. Alex Gladstein, Chief Strategy Officer of the Bitcoin Human Rights Foundation, also noted that in the early 1980s, the official Iranian exchange rate was only 70 rials to one US dollar, highlighting the dramatic depreciation. Meanwhile, the governor of the Central Bank of Iran resigned under pressure from protests, further exacerbating market uncertainty. Furthermore, while Iran allows cryptocurrency trading, self-custody and mining are strictly regulated. Matthew Sigel, Research Director at VanEck, pointed out that Iran recently cracked down on unregistered Bitcoin mining activities and even encouraged residents to report their neighbors. Analysts believe that amid sanctions, pressure on the banking system, and continued currency depreciation, discussion surrounding Bitcoin as a decentralized store of value is rising. (Cointelegraph)

According to Odaily, the U.S. Office of the Comptroller of the Currency (OCC) has issued an interpretive letter confirming that national banks can legally engage in risk-free principal transactions involving crypto assets. This includes acting as intermediaries in cryptocurrency trades. Jake, head of Wintermute OTC, commented on social media that the process of banks participating in crypto transactions is fundamentally different from proprietary trading. He explained that banks typically purchase crypto assets from clients and immediately transfer the position to a liquidity provider (LP). Technically, banks only hold ownership of the crypto assets for a very short period to facilitate the transaction, without actually maintaining inventory or bearing the risk of price fluctuations. Economically, this model is considered brokerage business, where banks can facilitate transactions between buyers and sellers but cannot hold positions or engage in proprietary trading.

Widespread protests took place in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley to argue Bitcoin could help Iranians protect their savings. source: https://cointelegraph.com/news/iranians-protest-against-currency-collapse?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

In response to the explanatory letter from the U.S. Office of the Comptroller of the Currency (OCC) clarifying that national banks' participation in risk-free principal-to-principal (PTP) transactions of crypto assets is legitimate banking business and that they can act as intermediaries in cryptocurrency trading, Jake, head of Wintermute OTC, stated on social media that the process of banks participating in crypto trading is fundamentally different from proprietary trading. He pointed out that in transactions, banks typically purchase crypto assets from clients and immediately transfer the position to liquidity providers (LPs). Technically, they only acquire ownership of the crypto assets for a very short period to complete the transaction matching, but they do not actually hold inventory or bear the risk of price fluctuations. From an economic perspective, this model falls under brokerage business; banks can match buyers and sellers, but cannot hold positions or conduct proprietary trading.

According to OpenSea data, a user purchased a MekaVerse NFT (Meka #8597) four years ago for 125 WETH (approximately $450,000 at the time). Currently, the highest price offered for this NFT is only 0.1 WETH, approximately $295.

A Canadian man called Haby is accused of stealing more than $2 million from Coinbase users by posing as customer support. He tricked people into sending crypto and spent the stolen funds on luxury items, social media accounts, and gambling.

Prediction market prediction.fun announced on its X platform that it distributed 100,000 points to the community in the first week, and users can now view their points on their personal points page. The total number of points awarded in the coming weeks will remain fixed at 100,000, although the weighting of different factors may be slightly adjusted in the coming weeks. Furthermore, the team stated that the second week of the points event will end tonight.

According to PANews, a recent study by Grayscale reveals that privacy coins are expected to dominate the cryptocurrency market in the fourth quarter of 2025, despite an overall market downturn. Among these, Zcash (ZEC) is anticipated to lead in performance.

Agency Finance and the Triple Convergence: How Artificial Intelligence, Stablecoins, and Tokenization Can End the Era of Stuck Funds

China is preparing to introduce interest within its commercial banks, allowing investors to earn interest for their digital yuan (e-CNY) starting Jan 1, 2026. This marks a decisive shift for E-CNY, as it is no longer just a digital substitute for cash but a deposit-like monetary instrument embedded in the formal banking system.

SoftBank has agreed to buy digital infrastructure firm DigitalBridge for $4 billion to strengthen its AI-related data centre and connectivity assets. The deal, valued at $16 per share, is expected to close in the second half of next year and gives SoftBank access to DigitalBridge’s $108 billion portfolio.

25 predictions across 6 categories: Macro/Public Chains, DeFi, Stablecoins, Regulation, Prediction Markets, and AI

In the fourth quarter of 2025, the growth momentum of cryptocurrencies stalled, while privacy-related assets performed well, especially the decentralized digital currency Zcash (ZEC).

The digital yuan is moving from "cash-type 1.0" to "deposit-type currency 2.0," which is an inevitable choice for China to "uphold principles and innovate" in the field of digital currency.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2924, providing you with the latest and fastest news on the digital currency and blockchain industry.

If you had to summarize the crypto market in 2025 in one sentence, it would be: "If things continue like this, nobody will be trading crypto anymore."

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.