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StraitX is planning to launch a Singapore Dollar-backed stablecoin on Solana in early 2026.

8 hours ago

On December 16, StraitX—a cryptocurrency infrastructure firm—announced plans to launch two stablecoins on the Solana public blockchain in early 2026: XSGD (tethered to the Singapore Dollar) and XUSD (tethered to the U.S. Dollar). The company will collaborate with the Solana Foundation to promote the rollout. At launch, users will be able to instantly convert SGD and USD directly on Solana’s chain—functioning as “on-chain forex trading.” This marks Solana’s first integration of a Singapore Dollar stablecoin. Currently, the network hosts roughly $15.7 billion in stablecoins pegged to fiat currencies like the U.S. Dollar and Australian Dollar, but SGD was not previously supported. StraitX noted that XSGD and XUSD will operate on Solana’s high-speed, low-cost environment, catering to use cases including AI automated payments, DeFi applications, cross-border settlements, and everyday transactions. The stablecoins will also be compatible with centralized exchanges (CEXs), automated market maker (AMM) liquidity pools, and lending protocols.
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Bitwise has released its Top 10 Crypto Market Predictions for 2026: Ethereum and Solana Set to Hit All-Time Highs

On December 16, asset management firm Bitwise released its top 10 cryptocurrency market predictions for 2026, plus an additional forecast: 1. Bitcoin will break its four-year cycle and surge to a new all-time high. 2. Bitcoin’s volatility will fall below that of Nvidia. 3. ETFs will absorb more than 100% of the new supply of Bitcoin, Ethereum, and Solana, with institutional demand accelerating. 4. Crypto-related stocks will outperform tech stocks. 5. Polymarket’s open interest will reach a new high, exceeding levels seen during the 2024 U.S. presidential election. 6. Stablecoins will face accusations of destabilizing emerging market currencies. 7. On-chain treasuries (dubbed “ETF 2.0”) will double their assets under management. 8. Ethereum and Solana will surge to new highs—provided the CLARITY Act passes. 9. Half of Ivy League endowment funds will allocate capital to cryptocurrencies. 10. The U.S. will list more than 100 crypto-linked ETFs. Additional forecast:

6 minutes ago

Stable Swap has been integrated into Stable, combining features from both Uniswap V2 and V3 versions.

On December 16, Stable Swap—a Uniswap fork protocol deployed by blockchain dev service provider Protofire—was integrated into Stable, bringing Uniswap V2 and V3 functionality to the platform.

6 minutes ago

US Stocks Open Lower, Crypto-related Stocks Rise Against the Market, Strategy Up 2.5%

On December 16, U.S. stock markets opened lower across the three major indices, per market data: - Dow Jones Industrial Average (DJIA): Down 0.02% at open - S&P 500 Index: Dropped 0.13% at open - Nasdaq Composite: Fell 0.19% at open In contrast, cryptocurrency-related U.S. stocks rose against the broader market trend, with these moves: - MicroStrategy (MSTR): +2.5% - Circle (CRCL): +5.1% - Coinbase (COIN): +1.7% - Marathon Digital Holdings (MARA): +2.4% - Riot Platforms (RIOT): +0.04% - BitMine Immersion (BMNR): +0.7% - SharpLink Gaming (SBET): +0.68%

6 minutes ago

People's Bank of China Shanghai Headquarters: The digital RMB does not have speculative space, and there is no so-called "exchange subsidy" or "cashback commission."

December 16, the People’s Bank of China (PBOC) Shanghai Head Office reminded the public that the digital renminbi (e-CNY) is a digital form of legal tender, operating under a two-tier system involving the central bank and digital currency operators. There are no private promotion centers for the e-CNY, and no "digital renminbi promoter exam" exists. The e-CNY has no room for speculation. There are no so-called "exchange subsidies," "transaction rebates," high commissions, or promises of high returns on holdings. It will never induce users to disclose personal sensitive information or participate in pyramid schemes. When faced with offers of "high returns" or "risk-free profits" from alleged "digital renminbi investments," stay alert, don’t be gullible, and guard against scams to avoid financial losses. If you suspect a scam, contact police right away.

6 minutes ago

Strata Protocol Developer Frontera Labs Completes $3 Million Seed Round Financing

**Dec. 16 (CoinDesk) —** Strata protocol developer Frontera Labs has closed a $3 million seed funding round, led by Maven 11 Capital, with participation from Lightspeed Faction, Halo Capital, Heartcore Capital, Anchorage Digital Ventures, Nayt Technologies, Split Capital and others. Frontera Labs launched the decentralized risk-layering protocol Strata, which packages on-chain and off-chain revenue strategies into tokenized risk-layering products—each layer featuring distinct risk-return profiles.

6 minutes ago

An early Ethereum whale has deposited 3000 ETH into Kraken, worth $8.79 million

On December 16th, Onchain Lens monitoring data shows an early Ethereum whale has deposited 3,000 ETH (valued at $8.79 million) into Kraken.

6 minutes ago

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