Malaysia’s Royal Unveils Ringgit-Backed Stablecoin for APAC Payments

[A $12 Million Whale Achieves 20 Consecutive Wins Since October, Accumulating $6.44 Million in Profits] A whale address with approximately $12 million in funds (0x2d9) has achieved 20 consecutive wins since October, accumulating around $6.44 million in profits since September 25. Today, the address partially closed a BTC long position held for about 37 days. This position was opened on November 14 at approximately $98,700 and adjusted to $86,100, yielding a profit of $170,000. Currently, the address holds a $3.8 million 3x leveraged BTC long position, with an unrealized profit of $150,000.

[Hong Kong Securities Association and SFC Discuss Virtual Asset Regulation and Market Maker Role] The Hong Kong Securities and Futures Professionals Association announced that it has held a meeting with the Hong Kong Securities and Futures Commission (SFC), focusing on the development and regulation of the virtual asset industry and new financial products. The meeting interpreted the latest policies, discussed compliance standards, over-the-counter trading regulation, tokenized securities applications, and the development path of derivatives. It also deliberated on topics such as optimizing asset transfer processes, clarifying the role of market makers, and improving company upgrade mechanisms.

[Mitsubishi UFJ: Fed Policy May Be Complicated by Leadership Changes in the Second Half of Next Year] Mitsubishi UFJ pointed out that the Federal Reserve cut interest rates by 25 basis points with a 9-3 vote, acknowledging that the labor market is gradually cooling. If no new tariffs are imposed, goods inflation may peak in the first quarter of 2026, and Powell stated that rate hikes are not the baseline expectation. The dot plot indicates only one rate cut in 2026, reflecting a more hawkish stance than the market anticipated. Powell emphasized that the Federal Reserve is in a favorable position to observe patiently. The policy outlook for the second half of next year may become complicated due to leadership changes at the Federal Reserve.

[Framework Co-Founder States Most Institutions Have Liquidated or Reduced Sky Tokens While Framework Remains Heavily Invested] Framework Ventures co-founder Vance Spencer posted on the X platform, stating that under the context of no lock-up restrictions for Sky tokens, Framework is currently the only VC still holding a significant amount of Sky tokens. Paradigm (previously held approximately 7%), a16z (previously held approximately 6%), Bain (previously held approximately 2-4%), and Syncracy (previously held approximately 1%) have sold all their holdings, while Dragonfly (previously held approximately 4-5%) and Parafi (previously held approximately 3-4%) have sold most of their holdings.

[U.S. Spot Bitcoin ETF Net Inflow of $221.56 Million Yesterday] Data monitored by Trader T shows that the U.S. spot Bitcoin ETF had a net inflow of $221.56 million yesterday.