Velta_Trading

A CBDC is a digital version of a country's official money, issued and directly backed by its central bank.

👉 In other words:

It is fiat money, like cash or the money in your bank account, but in native digital format, controlled by the State.

📌 Examples

Digital Dollar

(U.S.)
Digital Euro
(EU)
Digital Yuan / e-CNY

(China – already in use)

Digital Real (Brazil – in pilots)

They are not decentralized cryptocurrencies like Bitcoin or Ethereum.

🔍 Key features of a CBDC

📰 What happened — the agreement between Pakistan and Binance

On December 12, 2025, the government of Pakistan signed a Memorandum of Understanding (MoU) with Binance, one of the largest cryptocurrency exchanges in the world, to explore the “tokenization” of up to US$ 2 billion in state assets.

The MoU was signed by the Finance Minister of Pakistan, Muhammad Aurangzeb, and representatives of Binance, including CEO Richard Teng and founder Changpeng Zhao (CZ), with the aim of creating a framework for collaboration to assess the conversion of traditional assets into digital forms based on blockchain.

📌 1) Proposal for redesigning the tokenomics of ATOM

One of the most relevant news stories from the last month is that Cosmos Labs is considering a significant review of the economic model of ATOM to make it more sustainable in the long term. The proposal aims to:

✅ Move ATOM towards a fee-based model instead of relying on high inflation.

✅ Gradually reduce inflationary issuance over several years.

✅ Increase staking incentives for those holding the token long-term.

🏦 What happened: conditional approval of national trust bank

Ripple Labs has received conditional approval from the Office of the Comptroller of the Currency (OCC) of the United States to establish a national trust bank called Ripple National Trust Bank.

This was announced on December 12, 2025, by the federal banking regulator, and is part of a package of similar approvals for several crypto companies.

📌 What does “conditional approval” mean?

It is a

preliminary step

🇧🇹 What is the TER token?

TER is a sovereign digital token issued by the Kingdom of Bhutan that represents physical gold from the country. Each unit of TER is backed by equivalent amounts of gold actually held in custody. The launch is scheduled to debut on the Solana blockchain on December 17, 2025.

🪙 Project keys:

Backing:
100 % backed by
physical gold from national reserves
.
Blockchain:

Solana — chosen for its

high speed, low costs, and efficiency

📌 News Summary

XRP ETFs have surpassed US$ 1 billion in assets under management
in
less than four weeks

since they began trading in the U.S.

According to Ripple's CEO,

Brad Garlinghouse

, this was one of the fastest launches to reach that level, compared to Ethereum ETFs that also grew very quickly after their approval.

In total, it has been reported that XRP ETFs amount to around US$ 1.23 billion in combined AUM as various managers consolidate capital flows into these products.

📌 What the news is about

The concern is that stablecoins — digital tokens supposedly “pegged” to fiat currencies like the dollar — can be exploited to move money across borders without traditional controls, facilitating:

Evasion of economic sanctions
imposed by countries or blocs such as the U.S., the EU, or the United Kingdom.
Illicit fund movements

without going through the formal banking system.

Transactions by sanctioned groups or states, criminal organizations, or hidden networks.

📰 What happened with Paxful?

Paxful Holdings Inc., a peer-to-peer cryptocurrency exchange platform that primarily operated with Bitcoin, agreed to plead guilty in federal courts in the United States to several charges related to serious financial crimes.
📌 Criminal charges accepted

Paxful pleaded guilty to three federal conspiracies for:

Violating the

Travel Act
by facilitating services that promoted illegal prostitution.
Operating as an unregistered money transmitter business

📈 What happened?

21Shares officially launched an XRP ETF (ticker: TOXR) that has already been approved for listing on the Cboe BZX Exchange in the United States.

This product offers investors a regulated, transparent, and accessible way to gain exposure to the price of XRP without having to buy it directly on crypto exchanges.

The ETF will track the performance of the price of XRP using a benchmark index (CME CF XRP-Dollar Reference Rate) and will have an annual fee of 0.3% paid regularly.

📌 What happened

PNC Bank, one of the largest financial institutions in the United States (top 10 by assets under management), has become the first major bank in the U.S. to allow some of its clients to trade Bitcoin directly within its digital banking platform.
This means that certain clients of PNC Private Bank (mainly high net worth and private banking clients) can now:

✔ Buy Bitcoin on the spot

✔ Sell Bitcoin

✔ Hold BTC directly in your bank account

📰 What happened with CoreWeave

CoreWeave announced that it will issue
US$ 2.000 million in 'convertible senior notes'
maturing in 2031. There is also an option (greenshoe) to expand up to
US$ 2.300 million

.

The obligations will accrue interest (according to reports between 1.5% and 2%) and may be converted into common shares of CoreWeave under certain conversion terms.

Following the announcement, shares dropped sharply — reports indicate a decline of around 7%–8%.

The company said that part of the funds will be used for 'general corporate purposes' and also for operations such as 'capped call transactions' — mechanisms that companies sometimes use to mitigate the dilutive impact of convertible debt.

📰 What happened — the three licenses of Binance in Abu Dhabi

On December 8, 2025, Binance announced that it received from the Financial Services Regulatory Authority (FSRA) of the ADGM
three complete regulatory licenses

.
The three entities created under the framework of ADGM are: Nest Exchange Services Limited, Nest Clearing and Custody Limited, and Nest Trading Limited.
Nest Exchange Services Limited
(or “Nest Exchange”) was authorized as a “Recognised Investment Exchange” — this allows it to operate a multilateral trading platform (spot + derivatives).

The Federal Reserve (Fed) has already issued its most recent decision on rates (December 2025 meeting) — and the global market, including crypto, is already reacting. Here I explain what was decided, what it means, and why it matters for cryptocurrencies like Bitcoin, Ethereum, or Solana.

✅ What did the Fed decide this time

On December 10, 2025, the Federal Reserve's monetary policy committee cut its benchmark rate by

25 basis points (0.25 %)
.
The new range for the federal funds rate is

🎉 Altcoin Spot Trading Festival – Binance

This event is a trading competition in spot focused on altcoins, specifically on BNB and CAKE, and delivers rewards in the form of XPL vouchers.

🕒 Event Dates

Start:

December 10, 2025 – 06:00 (UTC)
End:
December 19, 2025 – 06:00 (UTC)

Total Duration: 9 days
💰 Total Rewards

4,270,000 XPL

in token vouchers

(This total amount is distributed among the winners according to the trading volume ranking.)

🧩 Event Structure

When there is little time left for a Federal Reserve decision, markets tend to enter:

🔹 Phase of “moderate repositioning”
It is not a rally, but rather a slight accumulation:
Small but stable increases (0.5%–3% in large tokens).
Institutional capital inflow or “whale flows” that anticipate future volatility.
Reduction of sales and scheduled purchases by bots that detect lower supply.

#fomc
#FederalReserve

⭐ Why are the whales moving now?
Because they do not wait for the decision:

First, context of what to expect from the next Federal Reserve (Fed) decision and how that may impact, especially in crypto.

📅 Context: what is happening before the next FOMC announcement

The next meeting of the Federal Open Market Committee (FOMC) will be on the days

9 and 10 of December 2025
, with a decision on the expected reference rate (“federal funds rate”) at the close.
After two cuts this year — in September and October — the market consensus points to a

The FOMC is the body of the Federal Reserve of the U.S. responsible for defining monetary policy — among other things, it sets the federal funds rate and decides on liquidity measures or monetary restrictions.
Its decisions — to maintain, raise, or lower rates — have a direct impact on global liquidity, the value of the dollar, risk appetite, and generally on financial markets (bonds, stocks, debt, risk assets).
For crypto assets like Bitcoin (BTC) or Ethereum (ETH), FOMC announcements tend to generate waves of volatility. Higher rates — or signals of monetary tightening — usually weaken demand for risk assets, which can negatively impact crypto. Low rates or accommodative policies may favor increases.

There is a growing number of public companies adopting treasury strategies with crypto, primarily with Bitcoin (BTC) — what many call 'crypto-treasuries'.

📰 What is being observed: public companies adopting crypto in their treasury

Today in 2025 there are already — according to several recent studies — more than

100 public companies
(and reports indicate figures of up to 170-180) that have declared to hold Bitcoin as part of their corporate reserves.
Together, these companies control

The news about Ondo Finance and how the U.S. Securities and Exchange Commission (SEC) closed its investigation without bringing charges is quite relevant to the crypto world — especially for the tokenization of real-world assets (RWA).

📰 What happened — closure of the investigation against Ondo Finance
The SEC decided

to close its multi-year investigation against Ondo Finance without bringing charges

.
The investigation had begun in 2023, and its focus was to determine whether Ondo's tokenized products — primarily its tokenized debt funds / U.S. Treasury bonds, as well as its native token ONDO — should be considered “securities” under U.S. securities law.

✅ What the CFTC announced — main points of the pilot

The CFTC, under the interim leadership of Caroline D. Pham, officially launched a pilot program to allow certain digital assets — specifically BTC, ETH, and USDC — to be accepted as “margin collateral” in regulated derivatives markets in the U.S.
The pilot is designed to be a “regulatory sandbox”: during the first 3 months, only businesses registered as “Futures Commission Merchants (FCMs)” will be able to accept these cryptocurrencies as collateral. They must comply with strict requirements for custody, asset segregation, valuation, “haircuts”, weekly reporting of their crypto positions, and immediately notify incidents.