[Nexo Acquires Argentine Crypto Platform Buenbit, Specific Amount Undisclosed] Asset management platform Nexo has acquired Argentine crypto investment platform Buenbit, with the specific transaction amount undisclosed. This acquisition aims to deepen Nexo's presence in Latin America, enabling it to operate under Argentina's regulatory framework and reach Buenbit's user base in the country and Peru. Following the transaction, Buenos Aires will serve as Nexo's Latin American headquarters, supporting Nexo's expansion into Mexico and Peru. Nexo manages approximately $11 billion in assets. Additionally, Argentina's central bank plans to allow banks to offer cryptocurrency-related services to customers in the first half of next year.

[Klarna Partners with Privy to Develop Crypto Wallet Features] Swedish fintech company Klarna has partnered with Privy, supported by Stripe, to jointly design and test crypto wallet features aimed at helping users store, use, and send digital assets. This project is built on the foundation of KlarnaUSD, a USD stablecoin recently launched through Klarna's collaboration with Stripe's Bridge platform. Klarna stated that it hopes to make cryptocurrency easier to use by directly integrating it into Klarna's financial products.

[A newly created wallet injects $1.67 million USDC into HyperLiquid and opens a 3x ETH long position] A newly created wallet injected approximately $1.67 million USDC into HyperLiquid and immediately opened a 3x leveraged Ethereum (ETH) long position.

[U.S. Treasury Secretary Besent Proposes Reforming the Financial Stability Oversight Council and Promoting Looser Regulations] U.S. Treasury Secretary Besent has proposed adjustments to the government's approach to financial regulation and stability, suggesting changes to the working principles of the Financial Stability Oversight Council (FSOC) to promote more relaxed regulatory practices. In a letter on Thursday, Besent stated that the council would support member agencies in assessing whether the financial regulatory framework imposes excessive burdens and negatively impacts economic growth. Besent will also establish a task force to explore opportunities for AI to enhance the resilience of the financial system and monitor its potential risks.

[Binance Launches Privacy Indication of Interest Feature for Transactions Over $200,000] Binance has introduced the Privacy Indication of Interest (IOI) feature, allowing institutional users to express interest in large spot or loan transactions without publicly placing market orders. This tool is designed for traders with single transaction amounts exceeding $200,000, aiming to help them execute large trades more efficiently through Binance's OTC trading platform. IOI enables traders to privately express their trading intentions, assisting institutions in assessing liquidity and negotiating terms while avoiding price fluctuations.