Weekend Recommended Reading: Naver's $10 billion acquisition of Upbit, Texas signs Bitcoin reserve bill
Organizer: Nona
This Week's Focus
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Currently, in South Korea, where policies are still unclear and market competition is fierce, Naver has become a dark horse with its strategic layout and strong resource integration capabilities. Whether it can become a "Tether-level" presence in the Korean won stablecoin market and push Korean won stablecoins onto the global stage remains to be seen.
]( Billion-dollar acquisition of Upbit's parent company Dunamu, will the Korean won stablecoin market welcome a key breakthrough?
[]( Billion-dollar acquisition of Upbit's parent company Dunamu, will the Korean won stablecoin market welcome a key breakthrough?
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Metaplanet's circular loan is a typical "bull tail cycle." Unlike retail investors whose short-term buying and selling directly affect prices, it continuously rolls over leverage, turning Bitcoin into a reusable capital pool. Each round of collateralization and each increase in position gradually changes the market supply and demand structure, subtly pushing prices higher. As long as Bitcoin does not go out of the account, funds come in to buy coins, and positions grow larger, everything remains stable as long as the price does not trigger liquidation.
]( Launching "circular loans," Bitcoin's liquidation price is estimated to be $52,000
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[]( Launching "circular loans," Bitcoin's liquidation price is estimated to be $52,000
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《Texas's $5 million purchase of BlackRock IBIT: After DAT fizzles, can SBR take over and reignite?》
After experiencing two consecutive "Black Friday" crashes, Bitcoin has almost erased the gains of the past six months, and the market has plunged into a bone-chilling winter. However, the forces of recovery seem to be coming from all directions: from the continued warming of interest rate cut expectations in December to the successive approvals of various altcoin ETFs, this warm current has now spread to the state-level "Strategic Bitcoin Reserve" (SBR) in the United States.
《Interest rate cut expectations rise, Bitcoin nears $90,000, is it a "dead cat bounce" phenomenon or a signal of trend reversal?》
The market may have two completely different directions moving forward: if the current situation is just a "deep adjustment," then the market may be close to the bottom, and a rebound is imminent; if Bitcoin continues to decline and falls below the $80,000 mark, it would mean that the market will completely fall into a "bear market cycle," facing greater challenges. Crypto Dan believes that the likelihood of this bear market experiencing a drop of over 70% similar to historical precedents is low.
《Berachain caught in "zero-risk investment" storm: Is it a "capital preservation investment" backed by top VC brands?》
Berachain has evolved from an NFT project depicting a marijuana-smoking bear in 2021 to one of the hottest new blockchains in the cryptocurrency space. This startup has raised at least $142 million in venture capital, and in its last funding round, its token valuation reached $1.5 billion.
Featured Recommendations
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From October to November, it has been a "death spiral" for bulls. The global financial market's downside risks have intensified, the AI bubble narrative dominates the ups and downs of the US stock market, and the US government's record "shutdown" has led to delays in the release of various important macro data, with liquidity sharply shrinking and the probability of interest rate cuts in December fluctuating significantly.
](<p class=)
[](<p class=)《New proposal reshapes UNI value, is the almost "forgotten" Uniswap worth investing in this cycle?》
Uniswap has multiple capital tables, one for equity investors and one for token holders. This structure is not unique to Uniswap, but what is unique is that Uniswap often distributes income to equity holders rather than token holders.
[]( Excel strangles Tether
S&P warns that a decline in Bitcoin could lead to Tether being undercapitalized, which is a static assumption. In fact, Tether's profitability is extremely impressive—projected profits of $15 billion by 2025, and this cash flow itself is the strongest buffer. As long as Tether does not experience large-scale misappropriation or fraud, simple market fluctuations are unlikely to breach such a thick wall of profits.
The importance of tokenizing private company equity lies not in allowing more people to buy a piece of a unicorn, but in addressing the fundamental pain points of private equity assets: high participation thresholds, narrow exit paths, and delayed price discovery. Tokenization allows people to see for the first time that these structural constraints may be redefined.
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 on-chain digital banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 on-chain digital banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 on-chain digital banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 on-chain digital banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[
The Wormhole Foundation has purchased $5 million in W tokens, adding them to its balance sheet.
OSL Group has been approved to conduct payment services in Australia.
MegaETH: will refund pre-collected funds, with refunds processed through a new contract.
Ripple's USD stablecoin RLUSD has received key regulatory approval in the UAE.
]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
<span style=)
[]( Web3 On-Chain Digital Banking
Crypto-native Web3 on-chain banks have begun to emerge. Crypto users have long been self-custodying, engaging in peer-to-peer transactions, and earning yields with stablecoins, and the market is awakening. However, for these digitally native ordinary people, crypto is still too complex and dangerous. What they need is a bridge: a new type of Web3 bank—a familiar banking interface that runs on blockchain tracks, stablecoin accounts, and DeFi infrastructure.
