The scandal-plagued platform blamed a surge in withdrawals for its shutdown, the latest fallout from U.S. sanctions and money-laundering allegations targeting the wider Huione network.
[Japan's Rate Hike Signal Pushes Bond Yields Higher, Raising Concerns Over Fed Rate Cut Outlook] On December 2, Bank of Japan Governor Kazuo Ueda hinted at a possible rate hike this month, driving Japan's 10-year government bond yield to 1.879%, the highest level since June 2008. As a result, the U.S. 10-year Treasury yield also rose to 4.095%. Japan, as the largest foreign holder of U.S. Treasuries, may trigger a repatriation of funds from U.S. Treasuries and other overseas assets if it tightens monetary policy, potentially disrupting the downward trend in U.S. Treasury yields and causing global market volatility. Wall Street is concerned that rising U.S. Treasury yields will hinder the Federal Reserve's rate cut outlook, affecting mortgage rates and stock market performance. As of September, Japan held approximately $1.2 trillion in U.S. Treasuries.
US President Trump's official vodka brand now supports Bitcoin and cryptocurrency payments. （The Bitcoin Historian）
[Trader James Wynn Opens 40x Leveraged BTC Long Position, Floating Profit of $57,000] On December 2, according to monitoring by HyperInsight, trader James Wynn's address (0x8da) opened a BTC long position with 40x leverage in the past 12 hours at an average price of $85,400. The position size is approximately $2.95 million, with a current floating profit of $57,000 (77%). Over the past week, James Wynn has repeatedly attempted to open long positions in BTC and ETH but has incurred losses. On November 25, he predicted on the X platform that Bitcoin might drop to $67,000 that week. Additionally, monitoring shows that funds in another publicly known address (0x507) associated with James Wynn have been fully withdrawn and cleared. Previously, this address opened two BTC short positions on November 10 after James Wynn predicted BTC would drop to $92,000, but both positions were liquidated, resulting in a loss of approximately $100,000.
[Zoo Finance Completes $8 Million Strategic Round of Financing, Focused on Unlocking Locked Token Liquidity] Decentralized Finance (DeFi) protocol Zoo Finance announced the completion of an $8 million strategic round of financing. Its core products are the pioneering LVT (Liquid Vesting Token) and LNT (Liquid Node Token) protocols. The protocol enables on-chain OTC trading and yield trading of locked vested tokens by splitting locked tokens into VT (Vesting Token) and YT (Yield Token). This round of financing was led by Bitrise Capital, with participation from Signum Capital, Certik Ventures, TOP, CGV Funds, and Cryptomeria, bringing its total funding to $10 million.
[Daiwa Securities Reaffirms 'Buy' Rating for OSL Group, Target Price HK$18.8] Daiwa Securities released a research report on December 1, reaffirming its 'Buy' rating for OSL Group (863.HK) with a target price of HK$18.8 per share. The report highlighted that OSL Group has established a differentiated competitive advantage through global expansion and transitioning into payment financial services. It continues to acquire licenses related to payments and digital assets, launching relevant payment infrastructure and products. In contrast, HashKey has tightened its overseas business expansion due to cash flow constraints and unfavorable conditions in the crypto market. Daiwa Securities stated that, given the limited market size in Hong Kong and tightened regulations on digital assets in mainland China, it is more optimistic about OSL Group's prospects for global expansion and payment transformation.