Ten institutions have completed a simulated trial of the Regulated Settlement Network (RSN) exploring the use of a shared DLT network to settle tokenized transactions. This is an extension of a previous trial of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network. This time tokenized Treasury bonds and investment-grade bonds are also on a shared ledger, enabling cash on delivery for wholesale transactions. The trial also explored interoperability with external DLT networks. SIFMA served as coordinator for the participating institutions, which include Citi, JPMorgan Chase, Mastercard, Swift, TD Bank, Bank of America, USDF, Wells Fargo, Visa and Zions Bancorp, led by SIFMA.

According to Odaily, official data reveals that the 21Shares Injective Staking ETP, the first ETP product launched by 21Shares, has surpassed $3 million in assets under management (AUM). This milestone highlights the growing interest and investment in the Injective protocol, reflecting a positive trend in the market for staking products. The achievement of this AUM threshold underscores the increasing confidence among investors in the potential of staking as a viable investment strategy. As the demand for diversified financial products continues to rise, the success of the 21Shares Injective Staking ETP demonstrates the appeal of innovative financial instruments that cater to the evolving needs of the market. This development is indicative of a broader trend where investors are seeking opportunities in the digital asset space, particularly those that offer staking capabilities. The Injective protocol, known for its decentralized finance (DeFi) capabilities, has been gaining traction among investors looking for exposure to cutting-edge blockchain technologies. The success of the 21Shares Injective Staking ETP is a testament to the protocol's growing reputation and the increasing adoption of DeFi solutions. As the market for digital assets continues to expand, products like the 21Shares Injective Staking ETP are likely to play a significant role in shaping the future of investment strategies.

Official data shows that the AUM of the first ETP product (21Shares Injective Staking ETP) launched by 21Shares has exceeded 3 million US dollars.

The U.S. Senate Banking Committee will vote on December 11 to re-nominate Caroline Crenshaw, a U.S. SEC commissioner and cryptocurrency skeptic, and several crypto industry executives have expressed disappointment at the possibility of her re-election. Crenshaw was one of two SEC commissioners who voted against approving a spot Bitcoin ETF in January. Coinbase President and COO Emilie Choi said: "Caroline Crenshaw is against cryptocurrency. She is even embarrassingly against Bitcoin ETFs. The SEC must make changes." Alexander Grieve, vice president of government affairs at crypto investment agency Paradigm, said that Crenshaw's departure would be "the last 'gift' for the cryptocurrency industry, and Senate Banking Committee Chairman Sherrod Brown is trying to force through the re-nomination of anti-cryptocurrency SEC Commissioner Caroline Crenshaw." Bloomberg ETF analyst James Seyffart said that Crenshaw is not only an "ally" of SEC Chairman and cryptocurrency skeptic Gary Gensler, but also more "strongly opposed to cryptocurrency" than Gensler himself. "Just read her letter of opposition to the approval of the Bitcoin ETF in January," Seyffart said, adding that another opposing SEC Commissioner, Jaime Lizárraga, "didn't even join the position she expressed in the letter." After the SEC approved the issuance of a spot Bitcoin ETF in the United States on January 10, Crenshaw, who was sworn in as an SEC commissioner in August 2020, said the SEC's move to approve the ETF was "unreasonable and unhistorical." Austin Campbell, CEO of digital payment company WSPN, said he wanted to "remind all Democrats that Caroline Crenshaw voted that the SEC should defy the order of a federal judge, violate the law, and reject BTC ETFs after being ordered by the court to approve them." (Cointelegraph) Earlier, the U.S. Senate will vote next week on whether to re-nominate SEC Democratic Commissioner Caroline Crenshaw.

According to BlockBeats, on December 8, Jeff Park, Head of Strategy at Bitwise Alpha, shared insights on social media regarding the growing trend of countries offering a 0% capital gains tax on cryptocurrencies. Park highlighted that many nations recognize this as a rare opportunity to position themselves as the next financial hubs akin to Switzerland, Singapore, or the Cayman Islands. He emphasized that the potential rewards for these countries are immense, as they could attract unlimited capital by adopting such favorable tax policies. Park's comments come at a time when the global cryptocurrency market is experiencing significant growth and transformation. As digital assets become increasingly mainstream, countries are exploring various regulatory frameworks to attract investors and businesses. By offering tax incentives, these nations aim to create a more appealing environment for cryptocurrency-related activities, potentially boosting their economies and establishing themselves as key players in the financial sector. The strategic move to implement a 0% capital gains tax on cryptocurrencies is seen as a way to foster innovation and investment in the digital asset space. It reflects a broader trend of governments seeking to balance regulation with the need to remain competitive in the rapidly evolving financial landscape. As more countries consider similar measures, the global cryptocurrency market could see increased participation and growth, further solidifying its role in the future of finance.

Pepe, one of the most popular memecoins in the crypto market, has seen some significant gains this year, and the bullish trend seems to continue The post Pepe Memecoin Rockets to New Heights with Record-Breaking Surge appeared first on Cryptodnes. source: https://cryptodnes.bg/en/pepe-memecoin-rockets-to-new-heights-with-record-breaking-surge/

Moonshot has launched FRIC (FRIC). According to GMGN data, FRIC is currently trading at $0.0148551, up 64.8% in 24 hours; current market value is $15 million. Odaily reminds users that the price of Meme coins fluctuates greatly, so investors should participate with caution.

SEC commissioner Caroline Crenshaw, who is widely known for opposing the spot Bitcoin ETFs, is up for renomination, and the crypto industry fears her re-election. source: https://cointelegraph.com/news/sec-renomination-caroline-crenshaw-crypto-skeptic-industry-fears?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Niklas Nikolajsen, the founder of Bitcoin Suisse, who is worth 200 million to 300 million Swiss francs, predicts that the price of Bitcoin will continue to rise and may even reach "seven figures". In an interview, Nikolajsen criticized Switzerland's cryptocurrency regulation and politics and praised the United States under the leadership of the incoming President Trump as a pioneer. He added: "I was one of the few people who bought a lot of Bitcoin below $1. When Bitcoin reached $1, my friends told me to sell it. I didn't. And I still say: We are in a bull market that will last until spring. Of course there will be setbacks, but the price of Bitcoin will even reach seven figures one day." Nikolajsen explained that the US election accelerated the current bull market, but he pointed out that in the "halving" year, due to the halving of newly issued Bitcoins, the market becomes scarce, and it is normal for prices to rise at the end of the year. He also mentioned that institutional investors are becoming more and more accepting. (Cryptonews)

According to Odaily, Germany's DZ Bank has embarked on a pilot project with Westerwald Bank to introduce retail cryptocurrency solutions. This initiative involves the establishment of crypto wallets and the commencement of trading activities. The rollout to other cooperative banks is anticipated by 2025, although the exact timeline will depend on each institution's readiness. In March, DZ Bank partnered with Börse Stuttgart to offer retail cryptocurrency trading and custody services to its clients. This collaboration marks a significant step in integrating digital assets into traditional banking services. DZ Bank serves 737 community banks, known as Volks and Raiffeisenbanke, providing them with a range of financial services. The pilot with Westerwald Bank is seen as a precursor to a broader adoption of cryptocurrency solutions across these community banks, aligning with the growing demand for digital asset services in the financial sector.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

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