深潮 TechFlow

Written by: @polarthedegen

Translated by: AididiaoJP, Foresight News

High financialization and the market

High financialization is the extreme stage of the financialization process, which refers to the process in which financial markets dominate the economy. In highly financialized economies, speculative trading and other financial activities overshadow productive services that contribute more to society. Meanwhile, issues of household wealth and inequality are increasingly tied to asset prices. In short, wealth is no longer directly related to hard work and is disconnected from productive resources.

Thus, more capital flows into speculative activities, as Keynes said:

According to Deep Tide TechFlow news, on December 8, it was announced that Ourbit SuperCEX is airdropping limited Genesis NFTs to platform users, and the subscription sale will officially start on December 18.

It is reported that the Genesis NFT is positioned as the core equity certificate of the Ourbit ecosystem, and holders will have the opportunity to receive airdrops of Ourbit platform tokens in the future, as well as more exclusive benefits and rights from the platform.

The total amount of this Genesis NFT is 2,000 pieces, of which 1,000 pieces will be airdropped to participating users through the Q4 annual event; users can choose to sell them back to Ourbit at a price of 300 USDT. Additionally, another 1,000 pieces will be available for subscription on the Ourbit platform starting December 18, using the platform's Meme token BITCH, with a subscription price of 10,000 $BITCH per piece.

Written by: Jill Gunter, co-founder of Espresso

Translated by: Luffy, Foresight News

Ten years ago, I embarked on a career in the cryptocurrency industry because, in my view, it is the most suitable and effective tool to address the various problems I witnessed during my brief career on Wall Street.

I found that the current state of the financial system has given rise to three major social ills, and I firmly believe that cryptographic technology can tackle these challenges.

1) Poor currency management

Hugo Chávez single-handedly caused Venezuela's inflation rate to soar above 20000%

My career began as a bond trader, responsible for Latin American sovereign debt, and I personally experienced the hyperinflation and capital controls in countries like Venezuela and Argentina. The obstinacy of national leaders has deprived entire generations of their livelihoods and savings, leading to a significant widening of domestic bond spreads and pushing the country out of the capital markets. The injustice caused to individuals by this situation has been a tragedy both in the past and present.

Deep Tide TechFlow news, on December 8, according to Jinshi Data reports, this week's Federal Reserve interest rate meeting is expected to be one of the most controversial meetings in years. Investors are focused on the extent of disagreement among decision-makers regarding interest rate cuts and the signals Powell sends about the future path. Janus Henderson believes that in the long term, the December meeting will have little impact on the market. There may be some volatility in the short term, but actions in the first half of 2026 are more important than those in December. Wilmington Trust believes that the market has largely digested the Federal Reserve's interest rate cut actions, and the real key is the Federal Reserve's policy guidance. They are expected to be very cautious, emphasizing that it depends on economic data. Some observers believe that the probability of the Federal Reserve cutting interest rates is not as high as the market suggests; they are more concerned about Powell's statements and the closeness of the policy votes. Nomura economists point out that nothing is certain yet, and the market is underestimating the risk of the Federal Reserve choosing not to cut interest rates in December. It will be very interesting to see how many opposing votes there are if a rate cut decision is made. With the rotation of four regional Fed presidents, their positions will reveal how much independence they intend to maintain and how much pressure they will exert on the Federal Reserve.

According to Deep Tide TechFlow, on December 8, South Korean media Chosun Ilbo reported that Upbit, the largest digital asset exchange in South Korea, delayed reporting the incident to the Financial Supervisory Service for 6 hours after suffering a hacking attack.

According to materials obtained from the Financial Supervisory Service by Kang Min-kuk, a member of the South Korean National Assembly, Upbit discovered abnormal transactions at 4:42 AM on November 27, but did not report it to the Financial Supervisory Service until 10:58 AM. During this time, hackers stole over 104 billion Solana ecosystem tokens worth approximately 44.5 billion Korean won in just 54 minutes.

According to Deep Tide TechFlow news on December 8, South Korean media Naver reported that the approval of the South Korean spot cryptocurrency ETF within the year looks bleak, with related legislative progress severely lagging behind.

Currently, there are 4 related amendments pending review in the South Korean National Assembly, including the amendment to the Capital Markets Act proposed by members of the ruling Democratic Party and the draft of the Digital Asset Market Industry Act, as well as the amendment to the Capital Markets Act proposed by members of the opposition People Power Party. The core content of the amendments includes incorporating crypto assets into the scope of ETF underlying assets, allowing trust companies to custody crypto assets, and providing legal basis for the crypto asset derivatives market.

Author: Luca Prosperi

Compiled by: Deep Tide TechFlow

When I graduated from university and applied for my first management consulting job, I did what many aspiring yet timid male graduates often do: I chose a company that specialized in serving financial institutions.

In 2006, the banking industry was a symbol of being 'cool.' Banks were typically located in the most magnificent buildings in the prettiest neighborhoods of Western Europe, and at that time, I was eager to take the opportunity to travel around. However, no one told me that this job came with a more hidden and complex condition: I would be 'married' to one of the largest yet most specialized industries in the world—the banking industry—and it would be for an indefinite period. The demand for banking experts has never disappeared. During economic expansions, banks became more creative; they needed capital; during economic contractions, banks needed restructuring, and they still needed capital. I tried to escape this vortex, but like any symbiotic relationship, getting out of it is much harder than it seems.