Wintermute: Lack of funding support in the cryptocurrency market, cautious attitude towards Bitcoin and altcoins in the short term

Federated Hermes, an asset management company with a management scale of $911 billion, plans to launch on chain fund shares through Prometheum early next year, and money market funds may become the first tokenized products. (Source: CoinDesk)

Tether's participation in the EFY Finance seed round financing aims to promote the institutional application of USDT and USAT in Latin America. EFY Finance provides stablecoin based cross-border payments, account services, and digital asset custody for the Latin American market. It has obtained a license as a digital asset service provider in El Salvador and currently provides regulated services for over 25000 active individual and corporate accounts.

[Ki Young Ju: Bitcoin Bear Market Cycle Ends, Entering Bull Market or Sideways Movement in the Next 12-24 Months] On October 13, CryptoQuant founder Ki Young Ju stated that the Bitcoin bear market cycle has ended, and it is expected that a bull market or sideways movement will occur in the next 12-24 months. Ki Young Ju had previously predicted on March 18, 2025, that the Bitcoin bull market cycle would end, followed by 6-12 months of a bear market or sideways movement. Now, he officially announces the conclusion of that predicted cycle.

Tencent plans to launch the open-source model Hy4 in 2026 and initiate a $5 billion USD and offshore RMB bond issuance program, with USD bonds having maturities of 10 and 20 years, and offshore RMB bonds having maturities of 10 and 30 years. (Source: Bloomberg)

Ledger SAS is reviewing its device sales policies and processes, and evaluating anti tampering protection measures to address the previous hardware wallet incident where $90 million in cryptocurrency was stolen due to the implantation of spyware. Chief Technology Officer Charles Guillemet stated that users who suspect their devices have been tampered with should first refer to the Ledger security operation guide and send the suspicious device to Ledger for inspection.