Headlines
Cardano Foundation Twitter account has been hacked
Aggr News posted on the X platform that the Cardano Foundation’s Twitter account had been hacked.
According to official news, the Cardano Foundation has been informed that its X account has been accessed without authorization. The team is actively working to restore security. Please ignore any posts or messages posted by this account until the official confirmation of the restoration is made through the Cardano Foundation LinkedIn account. Thank you for your patience and understanding, the team will provide updates after the situation is resolved.
Sushi Releases 2025 Product Roadmap and Hints at Multi-Token Airdrop
Sushi CEO Jared Grey summarized a comprehensive governance reform passed by Sushi DAO in April on the X platform and released Sushis 2025 product roadmap, which includes:
Wara (wara.exchange): A new integrated trading experience based on Solana;
Susa (susa.exchange): A new on-chain order book perpetual DEX from Sushi.
Kubo (kubo.bid): A new perpetual contract native product launched by Sushi Labs, launching new markets through delta-neutral strategies;
Blade (part of SushiSwap): A novel LVR AMM solution that eliminates MEV for blue-chip assets;
SushiSwap Aggregator: This product is already in development, but will expand its distribution by integrating new partners.
At the same time, in response to community comments, it stated that it had announced in April that there would be multiple token airdrops.
SUSHI breaks through 2.3 USDT, up 23.2% in 24 hours
OKX market data shows that SUSHI has broken through 2.3 USDT and is currently trading at 2.3386 USDT, with a 24-hour increase of 23.2%.
Industry News
Citi, JPMorgan Chase and ten other institutions complete tokenized settlement pilot
Ten institutions recently completed a simulation trial of the Regulated Settlement Network (RSN) to explore the use of a shared DLT network to settle tokenized transactions. This is an extension of the previous trial of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network. This time, tokenized government bonds and investment-grade bonds are also on a shared ledger, enabling cash on delivery for wholesale transactions. The trial also explored interoperability with external DLT networks.
SIFMA serves as coordinator for participating institutions, which include Citibank, JPMorgan Chase, Mastercard, Swift, TD Bank, Bank of America, USDF, Wells Fargo, Visa and Zions Bancorp, led by SIFMA.
South Koreas parliament rejects Yoon Seok-yeol impeachment motion
South Koreas National Assembly held a plenary session to vote on the impeachment of President Yoon Seok-yeol. The impeachment of Yoon Seok-yeol was not passed. Before the impeachment vote, the vast majority of members of the ruling Peoples Power Party of South Korea walked out to boycott the impeachment. In the end, due to the boycott of the ruling party, the impeachment vote did not meet the standard of at least two-thirds of all members in favor and was not passed. Before the vote that day, South Koreas opposition party stated that even if it failed to pass the parliamentary vote this time, it would continue to launch the impeachment of Yoon Seok-yeol in the future.
It is reported that a total of 195 South Korean parliamentarians participated in the vote on the impeachment of President Yoon Seok-yeol, but the required number was not reached and the impeachment was abolished. South Korean National Assembly Speaker Woo Won-sik said that all citizens are paying attention to the decision of the National Assembly and apologized to the people on behalf of the National Assembly.
U.S. unemployment rate in November was 4.2%, expected to be 4.2%, and the previous value was 4.10%
The U.S. unemployment rate in November was 4.2%, in line with expectations and the previous value of 4.10%.
Project News
Institutional-grade cryptocurrency exchange EDX Markets has promoted its chief technology officer (CTO) Tony Acuña-Rohter to CEO. Founding CEO Jamil Nazarali becomes executive chairman.
Acuña-Rohter previously spent a decade at CME Group before becoming CTO of digital asset futures platform ErisX, which was later acquired by CME. As such, he plays a key role in the upcoming launch of the perpetual futures platform in Asia. Meanwhile, Nazarali was in charge of business development at Citadel Securities before taking on the role of CEO of EDX Markets.
In May, the company launched EDXM Global in Singapore to handle non-US business, starting with a settlement platform. In the first quarter of 2025, the company plans to launch crypto perpetual futures trading, initially supporting BTC and ETH, and adding SOL and XRP in the following months. The perpetual futures trading venue will be located in the Equinix TY 3 data center in Tokyo. Like onshore exchanges, EDXM Global will benefit from a central clearing house and net settlement. EDXM Global is led by Kai Kono from Zodia Custody.
Two weeks ago, EDX Markets announced that its cumulative notional trading volume in 2024 would reach $36 billion, with an average daily trading volume growth of 59% in Q3. EDXs founding investors include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial.
According to media reports, Ripple Chief Technology Officer David Schwartz said that he still hopes to launch its stablecoin RLUSD before the end of the year, but at the same time he believes that the upcoming holidays may cause its release to be postponed again.
In addition, he mentioned that ensuring that Ripples partners can launch in a coordinated manner and without trouble is a top priority. Because the regulatory process involved is quite cumbersome. There are many links involved, the most important of which is that the stablecoin is issued through the New York State Trust and is regulated by the New York State Department of Financial Services, which is the gold standard regulator for stablecoins... They are reviewing all our processes, compliance and everything, and we are very much looking forward to resolving the troubles in issuance, and I believe we will succeed.
Earlier news, Ripple officials said: Despite some speculation, RLUSD was not launched as scheduled on December 4th local time. We are keeping pace with NYDFS on final approval and will share the latest news as soon as possible. We are fully committed to conducting business under the supervision of NYDFS and adhering to the highest regulatory standards. Stay tuned for updates.
eToro, an online brokerage that offers cryptocurrency and stock trading, is working with Goldman Sachs Group Inc. to prepare for an initial public offering in the United States, according to people familiar with the matter. eToro is considering going public as early as the second quarter, although that timeline could change. The company said its listing valuation could be higher than the $3.5 billion it achieved in private financing last year. People familiar with the matter said details such as the timing of the offering could change, and more banks could be added to the list. Previously, eToro had attempted to go public at a valuation of $10.4 billion by merging with a special purpose acquisition company led by serial trader Betsy Cohen. The two parties agreed to terminate the transaction in 2022.
Character Voice
Coinbase CEO: Caroline Crenshaw has failed as a US SEC commissioner and should be voted out
Brian Armstrong, CEO of Coinbase, said in a post on X: “Caroline Crenshaw has failed as a U.S. SEC commissioner and should be voted out.
She tried to stop a Bitcoin ETF and was worse than Gary Gensler on some issues (which I thought was impossible).
Senate Banking Committee should take note: the crypto community is watching this vote. I hear it will be factored into the scorecards of the politicians who stand with crypto.”
Nate Geraci, president of The ETF Store, said in a post on X: The U.S. spot ETH ETF has seen inflows for 10 consecutive days, totaling $1.4 billion, including the best two days since its launch in July. In my opinion, advisors and institutional investors are just beginning to pay attention to this area.
Bitcoin Suisse founder: Bitcoin will continue to rise, may even reach seven figures
Niklas Nikolajsen, the founder of Bitcoin Suisse, who is worth 200-300 million Swiss francs, predicts that the price of Bitcoin will continue to rise and may even reach seven figures. In an interview, Nikolajsen criticized Switzerlands cryptocurrency regulation and politics and praised the United States under the leadership of incoming President Trump as a pioneer.
He added: “I was one of the few people who bought a lot of Bitcoin under $1. When Bitcoin reached $1, my friends told me to sell. I didn’t. And I still say: We are in a bull market that will last until spring. Sure there will be setbacks, but the price of Bitcoin will even reach seven figures one day.”
Nikolajsen explained that the US election accelerated the current bull run, but he pointed out that in a halving year, due to the halving of newly issued Bitcoins, the market becomes scarce, and it is normal for prices to rise at the end of the year. He also mentioned that the acceptance of institutional investors is increasing.
MicroStrategy founder and chairman Michael Saylor participated in the strategic Bitcoin reserve discussion and shared the key reasons why the United States needs to abandon gold and embrace digital currency in a recent interview. In this 1-minute video, Saylor said that BTC can help the US government control the worlds reserve status and capital network. He hinted that his own suggestion is that the US government should buy at least 20% to 25% of the circulating Bitcoin.
Saylor said that the United States could sell all the gold in its reserves to buy Bitcoin. If this can be achieved, this move will make the United States the World Reserve Capital Network.
He believes that if the US government takes this step, the value of gold will plummet and prompt other economies to sell assets to buy Bitcoin. In this way, after the demonization of gold, capital will flow back to the United States, and the value of Bitcoin reserves may jump to about $100 trillion.
