OKX will delist the KITE/USDT perpetual contract.

Dec. 10 — JPMorgan said in a research note that Bitcoin’s recent pullback, paired with rising market panic, does not signal a new crypto winter, but rather a “meaningful correction.” Several short-term drivers behind the recent sell-off include: - ETF outflows tied to basis trading unwinds - Liquidation pressure on overleveraged long positions - Year-end seasonal liquidity crunch - Soft macro conditions ahead of today’s Fed interest rate decision The bank stressed these developments do not point to a structural deterioration in crypto demand. Institutional interest, progress in real-world applications and the tokenization trend all remain robust. JPMorgan believes the market is still in a phase of healthy adjustment—not a return to a bear market cycle.

December 10 — Japan’s financial regulatory landscape is undergoing a major overhaul. The Japanese Financial Services Agency (FSA) released a new report from the Financial System Review Board’s working group on Wednesday, proposing to shift crypto asset regulation from the current Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA) — a law focused primarily on investment and securities markets. The report notes crypto assets are increasingly serving as investment targets both domestically and globally, so they need protection under financial product standards. Key changes include: - **Stricter IEO Disclosures**: If covered by the FIEA, exchange-led Initial Exchange Offerings (IEOs) will need to provide more rigorous pre-sale disclosures — including core team details, independent third-party code audits, and input from self-regulatory organizations. - **Issuer Transparency Rules**: Regardless of decentralization, project teams must disclose their identi

On December 10, ETHZilla Corporation (Nasdaq: ETHZ)—the Ethereum Treasury Company—today announced it has entered into multiple agreements with Zippy, Inc. (Zippy). Zippy is an institutional-grade modern digital lending platform focused on tokenizing one of America’s most overlooked credit markets: manufactured home loans, represented as on-chain real-world assets (RWAs). Per the agreements, ETHZilla will acquire a 15% fully diluted equity stake in Zippy (subject to specific cash compensation terms) using $5 million in cash and $14 million in common stock (payable to Zippy), and will issue an additional $2.1 million in common stock to select Zippy individual shareholders. Zippy is the first firm to bring modern digital infrastructure and AI-powered systems to the manufactured home loan sector. It originates collateralized loans backed by manufactured homes via its institutionally scaled platform, which delivers real-time data integrity and transparent investor reporting. This f

On December 10, Tether announced the launch of QVAC Health—a new personal health management platform aimed at solving the long-standing problem of fragmented health and fitness data, while putting users in full control of their own information. Dubbed a "sovereign data bridge," QVAC Health lets users pull biometric data, workout records, nutrition-tracking logs, medication reminders, and more from a range of devices and apps into a single, encrypted dashboard that works offline. Right now, personal health data is scattered across incompatible apps and proprietary cloud systems. Data from smart rings, running watches, and nutrition apps often can’t interoperate seamlessly—and third-party servers (which frequently collect and monetize user info) are usually required to share it. QVAC Health centralizes this data in an encrypted, offline environment, letting users get a complete picture of their health without relying on device makers or cloud platforms. Built to act as a core pe

On December 10, Pheasant Network announced it has raised $2 million via a seed round and an ecosystem fund. The round was led by Mint, with 90s and a handful of individual investors participating. Additional backing came from the Ethereum Foundation, Optimism Foundation, Polygon Labs, and multiple Layer 2 ecosystems. The capital will accelerate the team’s work to build a more intelligent, intuitive cross-chain experience—integrating artificial intelligence (AI) deeply into the core of decentralized finance (DeFAI). Pheasant Network CEO Tomo noted: “Pheasant Network is a DeFAI project that merges AI with intent to boost DeFi cross-chain interoperability, supported by the Ethereum Foundation and leading Layer 2 ecosystems.”

**HashKey Holdings (03887) – parent of Hong Kong-licensed virtual asset trading platform HashKey Exchange, slated to list on the Hong Kong Stock Exchange – reported robust market subscription activity as of December 10.** The firm’s international placement was heavily oversubscribed, attracting long-term capital from international and Chinese institutional investors. Its public offering portion also drew enthusiastic responses. As of press time, latest data from multiple brokerages shows total subscription funds lent via brokerage channels have climbed to approximately HK$24.898 billion. Based on the public offering’s fundraising target of HK$167 million, the preliminary oversubscription multiple stands at around 148.91 times – reflecting strong investor engagement. HashKey Holdings’ share subscription window closes on December 12.