FSB: Tokenization is low risk to global finance, due to slow adoption

Grayscale在最新研究中表示，比特币的四年周期理论可能不成立，并预计比特币将在明年创下新高。（Cointelegraph）

[Stablecoins Not Classified as Contraband Under Criminal Law, Expert Says] Zhao Binghao, Dean of the Institute of Fintech Law at China University of Political Science and Law, stated that the central bank classifies stablecoins as virtual currencies but does not recognize them as contraband under the meaning of criminal law. Instead, it has included operational, intermediary, and clearing activities related to stablecoins within the scope of regulatory rectification. This move aims to block 'currency substitution' and cross-border arbitrage channels at the source. The multidimensional impact on the domestic stablecoin ecosystem has already become evident, and its development space may continue to shrink.

[Franklin Crypto Index ETF Adds 6 Tokens Including ADA] Franklin Templeton Digital Assets announced that the Franklin Crypto Index ETF has added ADA, LINK, DOGE, SOL, XLM, and XRP tokens. Previously, the ETF only held ETH and BTC.

[South Korea's Ruling Party Urges Financial Regulators to Accelerate Stablecoin Legislation Process] South Korea's ruling Democratic Party has issued an ultimatum to financial regulators, demanding the acceleration of legislation related to the stablecoin market. The ruling party has notified the Financial Services Commission (FSC) of South Korea to submit a government proposal for stablecoin regulation by December 10, explicitly stating that this is the 'final demand.' Kang Joon-hyun (phonetic translation), a member of the National Assembly and the ruling party secretary of the National Assembly's Financial Services Committee, stated that if the government fails to submit the proposal on time, he will push for legislation through a proposal initiated by committee-level lawmakers. The ruling party plans to introduce the bill during the current regular session of the National Assembly and aims to pass it by January next year.

['ZEC&MON Largest Bear' Takes Partial Profit on ZEC Short Positions, Earning Over $5 Million] The 'ZEC&MON Largest Bear' has been continuously closing ZEC short positions for profit since December 1, when the positions turned from loss to profit. The position size has decreased from $23.21 million to $9.88 million, recording a profit of over $5 million. Currently, there is still an unrealized profit of $2.43 million (125%), with weekly profits reaching $15.33 million. This address opened ZEC short positions on October 10 at an opening price of approximately $184, later averaging down to $419 through additional positions. On October 17, it had an unrealized loss of $21 million. In addition, this address is also shorting ETH, ZEC, MON, and HYPE, with the main profits coming from ETH short positions, which have an unrealized profit of $9.52 million (643%) and a position size of approximately $22.16 million at an average price of $4,014. Its recently opened 3x leveraged MON short position has a position size of approximately $6.14 million, with an unrealized profit of $1.82 million (89%), and it remains the largest bear on ZEC and MON on Hyperliquid.