- Fed Reserve pumped $13.5 Billion into the U.S. Banking System
- Strategy ($MSTR) $BTC for ~$11.7M, but implied possiblity of selling below mNAV 1, as of now it is 0.98.
- $RLS, $XPL Coinbase Spot Listing
- $ZAMA Public Auction on Jan 12
- U.S. FDIC Chief Says First GENIUS Act Regulations Heading for Proposal This Month
- Kalshi Introduces Tokenized Event Contracts on Solana
- YZiLabs launches boardroom coup at $BNB treasury firm BNC
- SEC Chairman Paul Atkins is set to deliver an "important speech" tomorrow.
• According to FRED Overnight Repurchase Agreements data, Fed Reserve just pumped $13.5 Billion into the U.S. Banking System through overnight repos. Barchart X account has described, This is the 2nd largest liquidity injection since Covid and surpasses even the peak of the Dot Com Bubble. The largest injection during the Covid period was 100.8B.
• $RLS, $XPL - @coinbase has announced that @RaylsLabs ($RLS) and @Plasma ($XPL) market will begin on Dec 1 and Dec 2 for each, It will begin later today if liquidity conditions are met, in regions where trading is supported.
• $ZAMA - @zama announced that 10% of the $ZAMA supply will be sold through a sealed-bid Dutch auction on Ethereum on Jan 12, using the Zama Protocol’s FHE technology to keep bids confidential. The auction happens after mainnet, with all purchased tokens fully unlocked and usable immediately for encryption fees, staking, or delegation.
• @Strategy has acquired 130 $BTC for ~$11.7M at ~$89,960 per $BTC and confirmed that they now holds 650,000 $BTC. According to Dec 1 MSTR Company Update Call, Saylor and MSTR's CEO uttered they could sell bitcoin and sell bitcoin derivatives when MSTR's mNAV become below 1x. Also, they disclosed 650k $BTC around ~56.2B. MSTR's M.Cap is 55.4B as of now. So mNAV is ~0.98.
• FDIC Acting Chairman Travis Hill is set to testify at a House hearing that his agency is ready to propose a stablecoin application rule before the month is out. The GENIUS Act contemplates an array of federal and state entities taking part in the supervision of the stablecoin sector.
• @Kalshi has set a new monthly all-time high with $5.8B in November volume, a 32% increase from October, Polymarket has also posted a record $3.74B in November trading volume, up 23.8% month over month. The volume surge continues a breakout year for both platforms, which have increasingly dominated global prediction market flows.
• @yzilabs reports BNB Network’s rollout has faltered, citing sluggish investor updates, delays around key filings, and a widening gap between the stock and its underlying BNB holdings. CEA Industries surged 600% in July after YZiLabs and 10X Capital led a $500M private placement.
@SECPaulSAtkins has announced his speech at 10:00 a.m. ET to watch. Also, he described that speech is on the enduring principles that have powered the world's most dynamic economy for the first 250 years of America. The announcement has generated significant interest in the regulatory community as stakeholders anticipate key insights on upcoming policies and regulatory frameworks. Investors and industry professionals are urged to stay tuned for updates that could impact the financial landscape.
