Stablecoins have surpassed Bitcoin to become an undeniable force in the global financial system. The circulating supply of stablecoins has exceeded $300 billion, with trading volumes surpassing $23 trillion in 2024, developing into a financial system running parallel to the US dollar. Although much of this volume comes from high-frequency trading on centralized exchanges, cross-border stablecoin transfers are becoming an important indicator reflecting the real economy and are expected to reach a historic high in 2025. The growth of stablecoins has exposed financial crises in several countries that rely on them. In emerging markets such as Nigeria, Argentina, and Turkey, stablecoins have become tools for economic survival. Due to exchange rate issues and foreign exchange controls, people in many countries have turned to stablecoins as a savings tool, especially in regions suffering from severe inflation. Their advantages include instant settlement, avoidance of traditional banking restrictions, and offering higher returns than domestic accounts.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, TURBO (Turbo) is currently trading at $0.00237529, up 12.24% in the past 24 hours, with a 24-hour high of $0.00283564 and a low of $0.00176111. The 24-hour trading volume reached $82.1 million. The current market capitalization is approximately $164 million, an increase of $17.9 million compared to yesterday. Turbo is a meme coin created by artificial intelligence for the people. The project founder challenged GPT-4 to create the next great meme coin with a budget of only $69. Currently, TURBO has developed into a fully decentralized, community-driven crypto adventure. The project has the following features: contract ownership has been renounced, no transaction tax, total supply of 6.9 billion tokens, launched through crowdfunding,

Foresight News reports, according to Bloomberg, enterprise payment and financial platform Airwallex has completed a $330 million financing round at an $8 billion valuation, led by Addition, with participation from Activant, Lingotto, and TIAA Ventures, among others. In addition, Airwallex stated that San Francisco will become its second global headquarters, and the US team plans to expand to over 400 people in the coming year.

PANews, December 7—According to Jin10, as of the end of November, China's gold reserves stood at 74.12 million ounces (about 2,305.39 tons), an increase of 30,000 ounces (about 0.93 tons) compared to the previous month, marking the 13th consecutive month of gold accumulation.

According to Jinse Finance, Caixin published an article stating that establishing a virtual currency firewall requires strengthening regulation while protecting normal economic and trade activities. Data shows that in 2024, 3,032 people were prosecuted for money laundering crimes involving virtual currencies.

According to Jinse Finance, Strategy CEO Phong Le denied rumors that the company is unable to pay dividends during an interview with CNBC. He stated that Strategy raised $1.44 billion in dividend reserves in just eight and a half days to eliminate market panic and demonstrate its ability to raise funds even during a Bitcoin downcycle.

Foresight News reports, citing Bloomberg, that Polymarket has been recruiting new employees for its internal market-making team, which may compete with clients on the company's exchange, despite similar functions having drawn criticism for its main competitors. According to people familiar with the matter, Polymarket has recently been in talks with traders, including sports bettors, about joining its new department. These individuals requested anonymity as the plans are internal. Kalshi already operates a similar department to what Polymarket is building, called Kalshi Trading, which bids on the exchange and in effect takes the opposite side of some customer trades. Kalshi executives say the department was established to create liquidity and improve the customer experience. However, critics argue that the company's market-making activities

Gate News Bot message, December 4th: According to CoinMarketCap data, as of press time, ETH(Ethereum) is trading at $3,206.25, up 6.45% in the past 24 hours, reaching a high of $3,238.56 and a low of $2,720.44. The 24-hour trading volume is $31.16 billion. The current market capitalization is approximately $386.98 billion, an increase of $23.458 billion compared to yesterday. Ethereum is a leading platform for innovative applications and blockchain networks. It provides infrastructure for decentralized applications(DApps) and smart contracts, enabling developers to build a wide range of applications, including finance, gaming, and social networking. Ethereum aims to create a more open and unbiased financial system, allowing billions of people to freely access funds, and serves as a central hub for blockchain innovation.

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, PENGU (Pudgy Penguins) is trading at $0.01, up 26.27% in the past 24 hours, with a high of $0.012. Its current market capitalization is approximately $764 million, an increase of $159 million from yesterday. Pudgy Penguins is an Ethereum-based NFT project consisting of 8,888 uniquely generated penguin NFTs. The project has grown into one of the most influential communities in the cryptocurrency space, from large companies using penguin imagery, to appearances in ETF commercials, to having millions of followers and over 100 billion views on social media. Pengu has become a cultural symbol. The PENGU token allows the ever-expanding Pudgy Penguin fan base, as well as hundreds of millions of people who see and share Pudgy Penguins in their daily lives, to join The Huddle community. PENGU symbolizes community, memes, and positive vibes.

Gate News Bot news, December 03, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at 0.15 USD, having risen 7.68% in the last 24 hours, reaching a high of 0.16 USD and a low of 0.13 USD. The current market capitalization is approximately 22.242 billion USD, an increase of 1.586 billion USD compared to yesterday. Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu fans. At its core, it is an unexpectedly generated cryptocurrency movement aimed at making people smile! Dogecoin uses blockchain technology and is a highly secure decentralized information storage system, maintained by a network of computers known as nodes that uphold a public ledger. The spirit of Dogecoin can be summarized as "Do Only Good Everyday".

BlockBeats news, on December 3, the Chief Economist of the ASEAN Plus Three Macroeconomic Research Office (AMRO), He Dong, stated that stablecoins issued by non-bank institutions do not have the ability to create money and have limited capacity to serve the real economy, making it difficult for them to become mainstream in the currency market in the long run. At the same time, the People's Bank of China has also pointed out that stablecoins carry risks of Money Laundering and fraud. Currently, various regions around the world are researching and developing Digital Money, including Central Banks, banks, and non-bank Financial Institutions that are launching different new payment tools.

Golden Finance reported that Amazon Web Services has publicly launched its custom artificial intelligence chip, Trainium3. The company stated that the chip's computing speed is four times that of the previous generation of AI chips. Compared to systems using equivalent GPUs, the Trainium3, produced by AWS's Annapurna Labs custom chip design business, can drop the cost of training and operating AI models by up to 50%. These chips are designed to provide more powerful computing power for software developers like Dean Litesdorf, co-founder and CEO of AI video startup Decart. Litesdorf said that after testing several competing chips, including those from NVIDIA, his company made breakthroughs on Trainium3. The launch of Trainium3 is the latest offensive against NVIDIA, which dominates the GPU market, with an increasing number of people.

Gate News Bot news, on December 1st, according to CoinMarketCap, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.14, falling by 7.89% in the last 24 hours, with a high of $0.16 and a low of $0.14. The current market capitalization is approximately $20.928 billion, a decrease of about $1.792 billion from yesterday. Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts around the world. As an unexpectedly born cryptocurrency movement, the core idea of Dogecoin is to make people smile. It leverages blockchain technology and is a highly secure decentralized information storage system, maintained by a network of computers known as nodes that uphold a public ledger. The Dogecoin community is known for its friendliness and helpfulness, adhering to the motto "Do Only Good Everyday" (Do O

PANews reported on November 30 that the People's Bank of China recently held a meeting of the coordination mechanism for combating virtual money trading speculation. At this meeting, financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual money. Currently, they cannot effectively meet the requirements for customer identification, AML, and other aspects, and there is a risk of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. The meeting reiterated the need to continue cracking down on illegal financial activities related to virtual money. However, industry insiders believe that this meeting will not affect the layout of stablecoins in Hong Kong, but speculation on stablecoins in mainland China will be severely suppressed. Moreover, relevant entities in the mainland will see their scope for future stablecoin layouts in Hong Kong shrink significantly, being more limited to practical application scenarios such as cross-border payments and supply chain finance.

Hester Peirce, a commissioner of the U.S. SEC, stated in a podcast that self-custody of encryption assets and financial privacy are fundamental human rights, emphasizing that people should have the right to manage their own assets. She criticized the practice of forced custody by third parties and mentioned the latency in the review of the CLARITY Act and its impact on self-custody. At the same time, some investors are turning to ETFs for tax and management convenience, which poses a challenge to the idea of "Wallet is Sovereignty."

The phenomenon of cryptocurrency trading diversion is infiltrating mainstream platforms such as Xiaohongshu and Taobao. The content appears to be for sharing, but in fact, it guides users to participate in cryptocurrency trading. Industry insiders are calling for strengthened regulation and cooperation between platforms and users to address this chaos. The Central Bank will also continue to crack down on virtual money transactions.

BlockBeats news, on November 29, as the United States intensified pressure to ensure a peace protocol regarding the nearly four-year-long Russia-Ukraine conflict, Russia and Ukraine launched airstrikes against each other overnight, with one missile targeting Kyiv and a Russian oil refinery catching fire. Kyiv's mayor Vitali Klitschko stated that the large-scale attacks on the Ukrainian capital resulted in two deaths and at least 29 injuries, with 19 people hospitalized. The city's air defense alarms lasted for 12 hours, leaving 500,000 people without power on Saturday morning. Meanwhile, the Krasnodar region on Russia's Black Sea coast was subjected to drone strikes, causing a fire at the Afipsky refinery and damaging unspecified technical equipment. (Jin10)

Golden Finance reports that on November 28, 2025, the People's Bank of China held a coordination meeting to combat the speculation and trading of Virtual Money. The meeting emphasized that Virtual Money does not have the same legal status as legal tender, does not have legal compensation, and should not and cannot be circulated as money in the market. Activities related to Virtual Money are considered illegal financial activities. Stablecoins are a form of Virtual Money that currently cannot effectively meet customer identification, anti-money laundering, and other requirements, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. (People's Bank of China website)

PANews, November 29 news, according to CCTV news, the Macro-Prudential Management Bureau of the People's Bank of China has recently issued a notice to fully support the search and rescue of personnel, medical treatment of the injured, and post-incident comfort work for the fire in Tai Po, Hong Kong, ensuring that donations received domestically are credited with zero latency. The People's Bank supports commercial banks in establishing a green channel for cross-border RMB donations. Commercial banks do not need to review document materials and can directly transfer donations to the Tai Po Hong Fu Yuan Assistance Fund account (01287521901607) based on payment instructions from domestic institutions or individuals, and ensure proper submission of RCPMIS data as required.

According to Jinse Finance and reported by Cryptonews, the cryptocurrency donation platform The Giving Block has processed nearly $100 million in cryptocurrency donations this year. Bitcoin remains the asset with the highest donation volume on the platform this year, followed by stablecoins USDT, USDC, and RLUSD. By the end of 2025, cryptocurrency donations have provided food for 28.5 million children, sourced clean water for 357,000 people, and successfully treated 22,160 animals.

ChainCatcher news, the People's Procuratorate of Yuhua District, Changsha City disclosed a "Pig-butchering scams" case, with 11 individuals involved being convicted. The gang defrauded approximately 340,000 Yuan in total. The "Pig-butchering scams" evolved from the traditional "Pig-butchering scams" and specifically targets foreigners. In March 2024, Liu and Li established a fraud gang in Yuhua District, with clear divisions of labor: 8 salespeople disguised as "financial elite women" sought out foreign male targets on overseas social platforms, using emotional fraud tactics to lure victims into investing in virtual money on a fake platform.

Odaily News Fed Beige Book: The number of employed people has slightly decreased during this reporting period, with about half of the regions indicating weak labor demand. (Jin10)

Tuesday was supposed to be a day of celebration for the prediction market platform Polymarket - the company was officially granted permission to operate in the United States. However, this milestone moment was completely overshadowed by racist remarks posted on its social media account, causing a huge uproar. The controversy originated from a message posted by the account @PolymarketTrade under Polymarket, which used derogatory terms such as "Jeets" to refer to South Asian and Nigerian users, claiming it would revoke their platform badges. It is reported that "Jeets" is an insulting term for people of Indian descent and other South Asian communities. Although the post has been deleted, it has sparked a strong backlash on the social media platform X.

According to Jinse Finance, recently, Oracle founder Larry Ellison has experienced a significant decrease in wealth, while Google's two founders Larry Page and Sergey Brin have seen their personal fortunes rise. In the latest real-time Forbes billionaire rankings, Larry Page and Sergey Brin have personal fortunes of $268.4 billion and $248.8 billion, respectively, making them the second and third richest people in the world. Data shows that since the beginning of the year, Google's stock price has risen by as much as 73%, and the company's total market capitalization has soared to around $4 trillion.

ChainCatcher News, U.S. Senator Cynthia Lummis commented on the X platform about banking giant JPMorgan closing the personal account of Bitcoin financial company Strike CEO Jack Mallers without any explanation. She stated, "The banking industry's Operation Chokepoint 2 is still ongoing, and actions like those of JPMorgan undermine people's confidence in traditional banking while pushing the digital asset industry overseas."

New Zealand has confirmed that from 2026, financial literacy will become a compulsory subject for all students in grades 1 to 10. Education Minister Erica Stanford announced that this reform will be included in the updated social sciences curriculum and will be implemented in all schools by 2027. This decision stems from a study by the retirement committee, which shows that currently only 25% of students have received any form of financial education. Finance Minister Nicola Willis stated that the lack of basic financial knowledge leads to poor debt management among young people.

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of publication, CHILLGUY (Just a chill guy) is currently priced at $0.02, with a rise of 21.20% in the last 24 hours, reaching a high of $0.02 and a low of $0.02. The current market capitalization is approximately $19.7 million, an increase of $3.45 million compared to yesterday. Currently, CHILLGUY ranks 748th in the global Crypto Assets market capitalization. Chill Guy is a meme character that embodies a relaxed atmosphere, known for staying calm, casual, and "low-key". The mission of the project is to spread the art of staying calm in a chaotic world. Through the Chill Guy movement, it helps people discover the power of mindfulness, find inner peace, and learn to take life easy. The project slogan is "No pressure, only fun".

Odaily News D.O.G.E (Department of Efficiency of the U.S. Government) posted on the X platform stating that the reports by Reuters regarding its demise are fake news. The department will resume its routine updates on Friday in a few days. The American people have authorized President Trump to modernize the federal government and reduce waste, fraud, and abuse. Just last week, the department terminated 78 wasteful contracts, saving taxpayers $335 million.

Macroeconomist Lyn Alden stated that Bitcoin and the entire crypto market are unlikely to experience a significant crash, as the current market has not yet reached a state of frenzy. Furthermore, she believes that this cycle may last longer, driven mainly by macroeconomic factors and people's interest, rather than Halving.

Odaily News Bitwise CEO Hunter Horsley posted on the X platform, stating, "Currently, there are 3 different Bitwise ETFs in the United States with over 40 million dollars in inflows. Some people may be selling, but ETF investors are buying. Most people are unlikely to perfectly time the buy the dip moment; the best practice is to buy when you think a favored asset looks cheap. And for many people, (current encryption) assets look cheap enough. I think we will see this moment as an opportunity."

The UK's National Crime Agency (NCA) has disclosed that 128 people have been arrested in the "Operation Destabilise" aimed at targeting Russian sanctions evasion, with $32.6 million in Crypto Assets and cash seized. The operation commenced in 2024, and recently, an additional 45 suspects of Money Laundering have been apprehended.

Golden Finance reported that data shows that the group of people with a four-year college degree in the United States now accounts for a record 25% of the total unemployed, highlighting the sharp slowdown in white-collar hiring this year. The monthly data released by the U.S. Bureau of Labor Statistics on Thursday, which was delayed due to the government shutdown, shows that the unemployment rate for those with a bachelor's degree rose to 2.8% in September, an increase of half a percentage point from a year ago. In contrast, the unemployment rate for other educational levels has seen little to no increase during the same period. In September, there were more than 1.9 million unemployed Americans aged 25 and older with at least a bachelor's degree, accounting for one-quarter of the total unemployed. This proportion has never reached such a high level in data going back to 1992 before 2025. This indicates that younger, newly graduated college students are also struggling to find jobs. Michael Feroli, Chief U.S. Economist at JPMorgan, pointed out that college-educated.

BlockBeats news, on November 21, the U.S. Department of Labor announced that 119,000 non-farm jobs were added in September, far exceeding market expectations of 52,000, but the unemployment rate unexpectedly rose to 4.4%, reaching a four-year high. This employment report, released after a government shutdown, has become the last key data before the December FOMC (Federal Open Market Committee). The data itself is lagging and contradictory, further deepening policy divergence and making it difficult for the market to outline a clear interest rate path. The latest federal funds futures show that the probability of a rate cut in December has fallen back to below 40%, reflecting the market's rapidly cooling expectations for easing. On a macro level, non-farm employment stronger than expected should have been more hawkish, but the sharp rise in the unemployment rate clearly indicates weaknesses in the internal structure of the labor market, forming a "play people for suckers" signal, leading to greater divergence among policymakers in interpreting economic strength and weakness. The lagging nature of this data also makes it harder for the market.

Odaily News According to monitoring, in the last 24 hours, a total of 389,052 people were Get Liquidated globally, with a total liquidation amount of 1.9 billion USD. 24-hour liquidation situation: long order liquidation: 1.775 billion USD, short order liquidation: 125 million USD. The largest single liquidation occurred in the BTC-USD trading pair on Hyperliquid, worth 36.7828 million USD.

BlockBeats news, on November 21, Pundi AI announced a collaboration with SUPERFORTUNE, a metaphysics-driven prediction engine that combines ancient symbol systems with modern market interpretations. This collaboration combines Pundi AI's transparent, community-driven data platform with SUPERFORTUNE's unique signal interpretation based on ancient knowledge and cultural insights. Pundi AI focuses on creating clear, trustworthy, community-built on-chain datasets, while SUPERFORTUNE adds new interpretive dimensions to the data through methods such as astrology, numerology, and cultural beliefs. These methods have stood the test of time and continue to influence people's thinking and decision-making. Through this collaboration, these interpretations will be transformed into structured data for developers to use in AI training and analysis. Meanwhile, SUPERF

Foresight News reports that crypto trader James Wynn tweeted, "I do enjoy trading, and while I love Bitcoin, if I see a shorting opportunity that makes money (like predicting Bitcoin peaked at 120,000, predicting at the 92,000 CME gap, or even predicting at the historical high of the last cycle...), I will go for it. People need to understand that I am both a holder and a believer in crypto assets, as well as a trader. If I don't express my views openly, that would be hypocritical, and I would never do that just to win the favor of the project party and people."

PANews, November 21, news, the Governor of the People's Bank of China, Pan Gongsheng, recently attended the launch ceremony of the China-UAE Payment Cooperation Project together with the Vice President of the UAE, Mansour, and the Governor of the Central Bank, Khaled. The two sides signed a memorandum of understanding on cross-border payment connectivity, announced the interconnection of the two countries' fast payment systems, and supported online fast cross-border remittances for enterprises and individuals; witnessed the first transaction of the "UnionPay-Jaywan" dual-brand card; and officially launched the UAE multilateral digital currency bridge project JISR to promote bilateral financial cooperation and improve cross-border payment efficiency.

The UK's Serious Fraud Office is investigating the now-defunct cryptocurrency project Basis Markets, which shut down after raising approximately $28 million at the end of 2021. During the investigation, two men have been arrested, and funds may have been transferred to anonymous Wallets. The BASIS Token fell nearly 40% following the news of the investigation.

BlockBeats news, on November 21, Alliance DAO co-founder QwQiao reiterated his view, "The next bear market (I don't know when it will come) will be worse than most people expect. Right now, there is a large group of 'dumb money' that knows nothing about encryption buying spot and ETF. Such a situation never ends well. The market may need another 50% depth retracement to 'wash out' the positions in these people's hands, so that the market can rebuild a solid foundation and continue its supercycle." Placeholder partner Chris Burniske also expressed a similar view, stating, "The dumping era of DAT has just begun. Just as it once rose all the way up, it will now fall all the way down."

The People's Bank of China held a joint meeting in Beijing, focusing on financial support for the coordinated development of the Beijing-Tianjin-Hebei region, emphasizing the importance of industrial integration, proposing the need to innovate financing products, and optimize Financial Service to promote regional coordinated development.

Golden Finance reports that Julio Moreno, Head of Research at CryptoQuant, stated on the X platform that the reason people say the "4-year cycle" has failed is simply because prices have not moved as they expected. However, the core of the "four-year cycle" is not the price performance or a specific time period, but rather the waves of demand and adoption. Each cycle brings new demand and capital influx, but the waves of demand will eventually subside, which is precisely the reason for the existence of cycles.

According to data from the U.S. government, the number of people receiving unemployment benefits significantly increased from September to mid-October, reflecting the impact of economic uncertainty on business hiring. The Department of Labor confirmed that technical issues led to the premature release of some data, and a complete revision of the data will be made in 2025.

PANews November 19 news, according to Nansen data monitoring, a smart money Address on the Solana chain has increased its $9,900 principal through trading NEET Token to $54,700, achieving a 450% return, and it is still holding these Tokens. NEET Token is a community-driven Meme Token based on "NEET culture" (referring to the group of people who are not in education, employment, or training). It does not have a complex business model and mainly relies on community consensus, social media dissemination, and cultural memes to drive growth.

Gate News Bot news, on November 19th, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.23, with a 1.00% rise in the last 24 hours, reaching a high of $0.23 and a low of $0.21. The current market capitalization is approximately $1.89 billion, which is an increase of $18.6 thousand compared to yesterday. Pi is a digital currency that can be mined on a mobile phone without draining the battery. The project aims to involve more people in the cryptocurrency revolution, overcoming the challenges and investment risks associated with traditional cryptocurrency mining. The Pi network utilizes groundbreaking technology, making it a decentralized, secure, tamper-proof, and interoperable digital currency that is also user and environmentally friendly. Recent important news about PI: 1️⃣ **Pi App Studio function upgrade to optimize user experience** Pi Netw

Golden Finance reported that U.S. President Trump stated on Tuesday that he would only support a healthcare plan that could "directly return funds to the people" and allow them to negotiate for their own insurance. He posted on Truth Social: "The people will be allowed to negotiate and purchase better, higher-quality insurance. Power belongs to the people! Congress, don't waste your time and energy on other matters."

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000047846, a fall of 3.85% in the last 24 hours, with a high of $0.0000060913 and a low of $0.0000046354. The current market capitalization is approximately $2.013 billion, a decrease of about $80.7028 million compared to yesterday. PEPE is a meme coin themed around the well-known internet meme frog Pepe. The project aims to revitalize the meme coin market through pure meme power. PEPE has no presale, zero taxes, has burned liquidity pool tokens, and has renounced contract ownership. The project team states that PEPE is a token that forever belongs to the people, but also emphasizes that the token has no intrinsic value and is only for entertainment purposes. PEPE near

According to a report by Jinse Finance and disclosed by Cointelegraph, a British man was ordered to repay over $5 million for his involvement in a Bitcoin scam using celebrity/brand accounts. Joseph James O’Connor must repay $5.4 million after hijacking the X accounts of people like Musk and Obama in 2020 through a SIM card swap attack.

BlockBeats news, on November 17, the well-known encryption data website DappRadar posted on social media "After seven years, it's time to say goodbye," announcing that the platform will shut down: "We have made the difficult decision to close the DappRadar platform. In the current environment, it has become difficult to achieve financial sustainability for a project of this scale. After exhausting all possibilities, we had to make this tough choice. When we started in 2018, this field was still in its infancy. There were very few early decentralized applications, and the number of explorers was limited, with many questions about the future of decentralized applications still unanswered. Inspired by Cryptokitties, we created DappRadar, hoping to help people explore and understand this new world. We have navigated through bull and bear cycles together. Proudly helping millions of users discover decentralized applications, conduct research and through