The Party Committee of the People's Bank of China convened a meeting, emphasizing the need to steadily advance high-level financial opening-up and safeguard national financial security. The meeting stressed the importance of implementing global governance initiatives, actively participating in and promoting the reform and improvement of global financial governance, pragmatically conducting financial diplomacy and multilateral and bilateral monetary and financial cooperation, promoting the internationalization of the RMB, continuously building and developing a multi-channel, broad-coverage RMB cross-border payment system, steadily developing the digital RMB, improving the central bank system, and building a strong central bank. The meeting also emphasized constructing a scientific and sound monetary policy system, dynamically assessing and improving the monetary policy framework, enriching the monetary policy toolbox, and strengthening the implementation and transmission of monetary policy. Furthermore, the meeting stressed the need to comprehensively address the "five major tasks" in finance: improving a comprehensive macro-prudential management system and a systemic financial risk prevention and disposal mechanism, strengthening macro-prudential management in key areas, and improving the basic framework for the supervision of systemically important financial institutions; building a standardized, transparent, open, vibrant, and resilient financial market system; building a safe and efficient financial infrastructure system; and improving the legal basis for the central bank's functions. (Jinshi)

Cookie DAO issued an announcement regarding the significant price drop of its token TGE on Cookie Launchpad, stating that the token's performance on and after TGE was not determined by Cookie. The project team independently decides on fundraising amounts, token economics, and liquidity arrangements. Cookie does not participate in the project's treasury, pricing, or control post-market price movements. Cookie merely acts as the InfoFi platform: providing tools for projects to operate InfoFi activities, rewarding users who genuinely contribute attention, content, and mindshare to the project.

The Party Committee of the People's Bank of China convened a meeting, emphasizing the continuation of a moderately loose monetary policy and the acceleration of supply-side structural reforms in the financial sector. Promoting stable economic growth and a reasonable recovery in prices will be key considerations in monetary policy. The meeting stressed the need for flexible and efficient use of various monetary policy tools, including reserve requirement ratio (RRR) cuts and interest rate cuts, while carefully managing the intensity, pace, and timing of policy implementation. This will maintain ample liquidity, promote low overall financing costs, and strengthen financial support for the real economy. The meeting also emphasized smoothing the monetary policy transmission mechanism, optimizing the use of structural monetary policy tools, strengthening coordination with fiscal policy, and incentivizing and guiding financial institutions to increase support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises (SMEs). The meeting further stressed maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level. (Jinshi)

Nasdaq-listed Jiuzi Holdings announced it has signed Memoranda of Understanding (MOUs) with several institutional investors to expand its private placement to $1 billion. The funds raised will reportedly support the company's development of its crypto asset business, including building secure hosting infrastructure and innovative storage solutions. (Prnewswire)

According to sources familiar with the matter, Bank of Japan officials believe that interest rates are likely to rise above 0.75% before the end of the current rate hike cycle, suggesting that there may be more rate hikes after next week's increase. These sources stated that officials believe even at 0.75%, the Bank of Japan has not yet reached its neutral interest rate level. Some officials already consider 1% to be below the neutral rate. The sources indicated that even if the Bank of Japan updates its neutral interest rate estimate based on the latest data, it does not currently expect the range to narrow significantly. The Bank of Japan's current estimate for the nominal neutral interest rate range is approximately 1% to 2.5%. The sources also stated that Bank of Japan officials believe that the upper and lower limits of this range may themselves contain errors. (Jinshi)

According to Odaily, Commerzbank's Volkmar Baur stated in a report that if Hassett, a leading candidate for the next Federal Reserve Chair, insists on pushing for interest rate cuts without economic fundamentals supporting such a move, the dollar could face pressure. Hassett recently commented that the Federal Reserve is 'severely lagging' in terms of rate cuts. However, data indicates that the labor market is only cooling slowly, contradicting Hassett's assertion. Baur believes that Hassett is unlikely to abandon his push for rate cuts based on facts, which could potentially impact the dollar.

The integration adds real-time odds, settlement notifications, and live community chat alongside Phantom's existing trading tools. source: https://www.theblock.co/post/382340/phantom-integrates-kalshi-prediction-markets-web3-wallet?utm_source=rss&utm_medium=rss

In Brief Coinbase will launch prediction markets and tokenized equities on December 17, according to Bloomberg sources. The move will position the exchange in two rapidly expanding areas of blockchain-based finance. The upcoming products aim to strengthen Coinbase’s platform by enabling users to trade event outcomes and digital stock equivalents. These tools will increase user source: https://coincu.com/news/coinbase-to-launch-prediction-markets-and/

ترسّخ أبوظبي دور البيتكوين ضمن البنية المؤسسية، في حين تعمل دبي على دمج المدفوعات والعملات المستقرة وتطبيقات Web3 في صميم الأنشطة التجارية اليومية. source: https://ar.cointelegraph.com/news/uae-bitcoin-first-crypto-at-scale-digital-asset-strategy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/BTC_Archive/status/1999453654521135533

Antoine Mingo, a former concept artist for Pudgy Penguins, left the project in early 2023 due to creative differences with the leadership. He now leads a new NFT project called Burrrs, where he has full control over the artistic direction.

Berachain users allege a lead developer is secretly selling BERA tokens, contributing to the token's sharp decline. The project’s opaque staking model and private investors holding over 35% of the supply have heightened fears of centralisation.