[Former Signature Bank Executives Establish Blockchain Bank N3XT] Nearly three years after the collapse of Signature Bank, its former executives have founded a new blockchain-based bank, N3XT, focusing on enabling instant, round-the-clock USD payments. N3XT was established by Signature Bank founder and former chairman Scott Shay, with Jeffrey Wallis serving as CEO. Wallis previously held the role of Director of Digital Assets and Web3 Strategy at Signature Bank. Wallis stated that every dollar deposited in N3XT will be backed by cash or short-term U.S. Treasury bonds, with daily disclosures of reserve holdings. The reserves will be held with custody partners, though specific institutions were not disclosed. N3XT will not be insured by the Federal Deposit Insurance Corporation (FDIC), as Wyoming special-purpose banks are not required to obtain FDIC insurance.

BlackRock CEO Larry Fink stated that sovereign funds from multiple countries are quietly accumulating Bitcoin and increasing their buying volume when Bitcoin prices fall back to the $80000 range. （Cointelegraph）

[Robinhood Launches AERO Spot Trading] On December 4, Robinhood launched AERO spot trading.

Binance CEO He Yi stated that Zhao Changpeng has retired from the Binance exchange and is currently focused on serving as a global ambassador for the cryptocurrency industry. （CoinDesk）

[U.S. Weekly Initial Jobless Claims Data About to Be Released] The number of initial jobless claims in the U.S. for the week ending November 29 will be released in ten minutes.