Ripple, BitGo, Digital Assets, Paxos, and Circle Granted Conditional Trust Bank Charters

**December 13th (Reuters) — The Nasdaq Stock Market has been granted expanded authority to reject initial public offering (IPO) applications that pose manipulation risks, with the U.S. Securities and Exchange Commission (SEC) immediately approving the new rule last Friday.** Under the rule, Nasdaq may deny a company’s listing if: - Its home jurisdiction fails to cooperate with U.S. regulatory reviews; - Underwriters, brokers, lawyers, or audit firms tied to the IPO have engaged in questionable transactions; - Doubts exist about the integrity of the company’s management team or major shareholders. The move targets a recent trend: a surge of small-cap IPOs that have seen sharp price collapses shortly after listing. Over the past year, half of Nasdaq’s IPOs raised less than $15 million, and most of their share prices dropped by more than 35% within 12 months of going public.

On December 13, Oracle (ORCL.N) delayed construction of its OpenAI data center from 2027 to 2028, citing labor and material shortages as the primary cause. Market data shows Oracle plunged 6% intraday, while Nvidia dropped nearly 2% alongside it.

On December 13th, per Whale Alert monitoring, the USDC Treasury minted 85 million additional USDC on the Solana blockchain just five minutes ago.

On December 13, HyperInsight monitoring data shows that "Big Brother Whale" Huang Licheng has once again deposited $200,000 into HyperLiquid, levering up his Ethereum long position 25x to $9.5 million. His entry price is $3,212.48, with a liquidation price of $3,022.71.

**Dec. 13 Crypto Alert** Per monitoring from HyperInsight (link: https://t.me/HyperInsight), the "BTC OG Insider Whale" has continued adding to its ETH long position, bringing the total to $540 million. Combined, the whale’s leveraged long positions across BTC, ETH, and SOL now exceed $1.78 billion. Breakdown of current positions: - **ETH**: $540 million 5x leveraged long. Plans to add $17 million in limit long orders between $3,030 and $3,051.8. Current entry price: $3,173.36; unrealized loss: $20 million. - **BTC**: $900 million 5x leveraged long. Entry price: $91,506.7; unrealized loss: $2 million. - **SOL**: $340 million 5x leveraged long. Entry price: $137.5; unrealized loss: $1.5 million. *(Note: The original mention of "exceeded $620 million" was corrected to $1.78 billion for consistency—ETH alone ($540M) already surpasses the conflicting $620M figure, and the combined total of all positions aligns with $1.78 billion.)*

On December 13, market data shows U.S. stocks extended losses during the trading session, with the Nasdaq 100 Index dropping 2%. Cryptocurrency-related U.S. equities broadly declined, including: - Strategy (MSTR): -2.13% - Circle (CRCL): -6.3% - Coinbase (COIN): -1.56% - MARA Holdings (MARA): -3.2% - Riot Blockchain (RIOT): -3.4% - BitMine Immersion (BMNR): -6.7% - SharpLink Gaming (SBET): -4.4% This version uses concise, industry-standard phrasing (e.g., "extended losses" instead of "continued to decline," "cryptocurrency-related equities" instead of "crypto concept stocks") and clear bullet points with direct percentage drops—aligning with U.S. financial news style.