Hong Kong announced in a press release on Tuesday that it is seeking public comment on the implementation of the Common Reporting Standard (CARF) and revisions to tax reporting standards. This move is clearly related to the local government's efforts to combat cross-border tax evasion. Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, stated that adopting CARF would demonstrate the government's "commitment to promoting international tax cooperation and combating cross-border tax evasion." In addition to CARF, Hong Kong is also seeking public comment on the adoption of the Common Reporting Standard (CRS). Both CARF and CRS are initiatives of the Organisation for Economic Co-operation and Development (OECD) aimed at standardizing various aspects of international tax reporting. CARF is currently widely adopted globally. The latest list maintained by the OECD shows that 48 countries have committed to adopting CARF by 2027, 27 countries by 2028, and the United States by 2029.

A fake BlackRock ETF screenshot got thousands of views in minutes and put ASTER investors on high alert, until the Binance founder took the mic. source: https://u.today/fake-blackrock-etf-filing-goes-viral-binance-founder-ends-speculation

Binance Blog published a new article, highlighting Binance Charity's significant contribution to the Thai Red Cross Society in response to severe flooding in Southern Thailand. The article details a donation of USD 200,000, equivalent to approximately 6.4 million Thai Baht, aimed at addressing urgent humanitarian needs in the region. This financial support is intended to provide immediate relief and assist in the long-term recovery efforts following the devastating impact of heavy monsoon rains. Communities across Southern Thailand are grappling with one of the most severe flooding events in recent years. The relentless monsoon rains have caused widespread destruction, affecting homes, farmland, and essential infrastructure. Thousands of families have been displaced, and there is a pressing need for clean water, medical care, shelter, and food. The donation from Binance Charity, received by Mr. Tej Bunnag, Secretary General of the Thai Red Cross Society, will be swiftly deployed through the organization's extensive volunteer network and relief centers. This initiative aims to address both immediate emergency needs and the early recovery phase, ensuring that affected families receive essential supplies and resources to rebuild their lives and livelihoods. The Thai Red Cross Society, with its long-standing presence and experience in disaster response, is well-positioned to deliver aid efficiently and effectively. By leveraging their trained teams and trusted local partners, Binance Charity ensures that assistance reaches those in need promptly. The organization emphasizes the importance of timely, transparent, and meaningful support, utilizing blockchain-powered philanthropy to uphold these commitments. This approach ensures that aid is distributed efficiently and responsibly, providing much-needed relief to communities in crisis. The recent floods have tested the resilience of Southern Thailand, leaving entire neighborhoods submerged and families uncertain about the future. SB Seker, Head of APAC at Binance, expressed solidarity with the affected families, emphasizing Binance Charity's commitment to mobilizing effective and transparent support for communities impacted by natural disasters. Nirun Fuwattananukul, CFA, CEO of Binance TH by Gulf Binance, reiterated the company's responsibility to assist the local community, leveraging Binance Charity's global reach and local presence to aid recovery efforts. This contribution is part of Binance Charity's broader mission to utilize blockchain-enabled philanthropy to support communities worldwide. Whether responding to natural disasters, humanitarian crises, or long-term development needs, Binance Charity remains dedicated to delivering assistance with transparency, efficiency, and care. The organization stands with the people of Thailand as they embark on the challenging journey of recovery and rebuilding.

The Dogecoin price is already struggling amid the bearish pressure that has dominated the crypto market recently. After the initial fall to $0. 2, DOGE bulls had attempted to hold support, pushing for a rebound. However, with the bearish headwinds of the last quarter of the year, the Dogecoin price has since succumbed and is now trading below the $0 source: https://www.newsbtc.com/news/dogecoin/dogecoin-price-will-rally/

Market data shows that 375ai (EAT) has fallen below 0.03 USDT, currently trading at 0.02752 USDT, a 20% drop in the last 24 hours. According to Arkham monitoring, an address suspected to belong to the 375ai (EAT) team transferred 13.333 million tokens, worth $455,000, to a CEX six hours ago. Immediately after this transaction, the EAT token began to experience a sharp decline.

China is preparing new limits on Nvidia’s H200 chips even though Donald Trump approved exports of the hardware to Chinese buyers. The plan, described by officials involved in the talks and confirmed through reporting by Financial Times, centers on Beijing’s push to grow its own semiconductor base while still letting select companies buy the American […] source: https://www.cryptopolitan.com/china-will-restrict-access-to-nvidias-chips/

Japan’s FSA is set to mandate liability reserves for crypto exchanges to boost consumer protection. The new rules are set to change the market. source: https://cointelegraph.com/explained/japan-plans-tough-new-rules-for-crypto-exchanges-what-liability-reserves-actually-mean?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Horizen, born from a 2017 project, aims to enable regulatory-compliant privacy as a 'practical option' on Base through its mainnet Layer 3. source: https://www.theblock.co/post/381846/privacy-horizen-launches-layer-3-base-mainnet?utm_source=rss&utm_medium=rss

According to Odaily, as the market closely watches the Federal Reserve's December interest rate decision, traders are beginning to focus on whether the Fed will expand its $6.5 trillion balance sheet. Michael Kelly, Global Head of Multi-Asset at PineBridge Investments, noted that the market is observing whether the Fed will maintain its balance sheet or start expanding it. Strategists at Bank of America predict that the Federal Reserve will announce this week an expansion of its balance sheet by $45 billion per month starting January 2026. This includes purchasing at least $20 billion monthly to achieve natural balance sheet growth and $25 billion monthly to reverse excessive reserve depletion, with the action expected to continue until at least the first half of 2026. Roger Hallam, Global Head of Rates at Vanguard's Fixed Income Group, stated that in the long term, due to the economy's expanding demand for reserves, the Fed will naturally begin purchasing short-term Treasury securities next year. Previously, Cathie Wood mentioned the easing of the Fed's liquidity conditions and reiterated Ark Invest's long-term prediction of Bitcoin reaching a price of $1.5 million.

While the market is largely focused on the Federal Reserve's December interest rate decision, traders are already watching whether the Fed will expand its $6.5 trillion balance sheet. Michael Kelly, Global Head of Multi-Assets at PineBridge Investments, stated that the market is watching whether the Fed will maintain its balance sheet or begin expanding it. Strategists at Bank of America predict that the Fed will announce this week a monthly expansion of its balance sheet by $45 billion, starting in January 2026. This includes at least $20 billion per month to allow for natural balance sheet growth and $25 billion per month to reverse excessive reserve consumption, an action that will continue at least until the first half of 2026. Roger Hallam, Global Head of Interest Rates at Vanguard Fixed Income, stated that in the long term, the Fed will naturally begin purchasing short-term Treasury bonds next year due to increased economic demand for reserves. Cathie Wood previously mentioned the Fed's easing liquidity conditions and reiterated Ark Invest's long-term forecast of a $1.5 million price for Bitcoin.

The future of finance belongs to on-chain, and tokenized deposits and stablecoins are the necessary infrastructure to achieve this goal.

While the United States is still debating "who is in charge of what," and Europe's MiCA is still in its adjustment period, Abu Dhabi has quietly completed the puzzle of its infrastructure.

Something extremely terrible is happening to the US economy, and almost no one is talking about it publicly.

About 40% of Canadian crypto users are failing to report taxes or are at high risk of non-compliance, making enforcement difficult. The CRA has recovered millions through audits but faces challenges due to anonymous transactions, while new laws and reporting rules are planned for 2026 to improve oversight.

From DeFi to RWA, and now to the SEC's conclusion of its investigation, Ondo has seized every market opportunity, which may be the secret to its continued popularity.

When the "Fear & Greed Index" remains in an unsettlingly low range for an extended period, the market is often shrouded in fear and uncertainty.

A Binance employee was suspended for using insider information to promote a new token on the exchange’s official social media account. The token gained rapid attention and value, and Binance rewarded whistleblowers while promising stronger controls to prevent similar misconduct.

Jupiter and SOLANA: Sparking a Solana "Civil War"? What are Kamino and Jupiter really fighting over? (Golden Finance: The Dispute Between Kamino and Jupiter)

Fidelity CEO Abigail Johnson shared insights on topics such as Bitcoin and early mining, crypto custody, stablecoins, innovative investment models, and "building your own vs. acquiring."

ChatGPT users saw prompts in their chats that looked like ads, causing confusion and concern. OpenAI said these were just experimental app suggestions, not paid advertisements, and has now removed the feature.