Crypto Morning News: He Yi appointed Binance Co-CEO, Ethereum Fusaka upgrade successfully launched
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Crypto Morning News: He Yi appointed Binance Co-CEO, Ethereum Fusaka upgrade successfully launched
Solana Mobile announced the SKR token will launch in January 2026.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
U.S. November ADP employment change: -32,000, expected +10,000, previous +42,000
According to Jinshi Data, U.S. November ADP employment change was -32,000, compared to an expected increase of 10,000 and a previous reading of 42,000.
SEC Chair: Bitcoin Market Structure Act即将 passes
According to The Bitcoin Historian, Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), said in a live Fox News interview that the Bitcoin Market Structure Act is about to pass.
Binance Co-Founder He Yi Appointed as Co-CEO
According to an official announcement, Binance co-founder He Yi has been appointed as Co-Chief Executive Officer, joining current CEO Richard Teng in leading the company.
Ethereum "Fusaka" Upgrade Successfully Launched, Marking the Start of a New Era with Biannual Hard Forks
According to The Block, Ethereum’s 17th major upgrade, “Fusaka,” successfully launched on December 3. This upgrade introduces a data sampling technology called “PeerDAS,” which will significantly improve Layer 2 network performance and reduce transaction fees. Consensys stated that Ethereum now plans to shift from annual upgrades to an accelerated development rhythm of “twice-yearly hard forks.” Fusaka also brings improvements such as expanded block capacity, native device signature support, and enhanced zero-knowledge proof efficiency. The next major upgrade, named “Glamsterdam,” is expected by 2026.
Reuters: WLFI Announces RWA Product Launch Scheduled for January Next Year
According to Reuters, Zach Witkoff, co-founder of World Liberty Financial—a cryptocurrency project backed by former U.S. President Trump’s family—announced at an event in Dubai that the company will launch its real-world asset (RWA) product in January, during the first quarter of next year.
Solana Mobile Announces SKR Token Launch Set for January 2026
Solana Mobile officially announced on December 3 that its ecosystem-native token SKR will formally launch in January 2026. The total token supply is 10 billion, with the allocation as follows: 30% for airdrops, 25% for growth and partnerships, 10% for liquidity, 10% for community treasury, 15% for Solana Mobile, and 10% for Solana Labs. The inflation mechanism follows a linear model, starting at 10% in the first year and decreasing by 25% annually until stabilizing at 2%. The token primarily targets Seeker device users and active dApp users.
Stable Releases Tokenomics Model: Fixed Supply of 100 Billion, 40% Allocated to Ecosystem and Community
Stable has officially unveiled its token economics model. STABLE, the network’s governance token, has a fixed total supply of 100 billion. The distribution is as follows: 40% allocated to ecosystem and community development, 25% to team members, 25% to investors and advisors, and 10% for genesis allocation.
The token unlocking mechanism reflects long-term commitment: team and investor portions follow a 4-year linear vesting schedule with a 1-year cliff; ecosystem portion unlocks 8% initially, with the remaining 32% linearly unlocked over 3 years; genesis allocation unlocks 100% upon mainnet launch.
STABLE tokens will support network governance, including electing validators, voting on protocol upgrades, and handling governance proposals. Notably, the Stable network uses USDT0 as the native gas fee token. These fees are collected into a treasury managed by smart contracts, and validators may choose to distribute gas fees proportionally to users staking STABLE.
In addition, its mainnet will officially go live at 21:00 Beijing time on December 8.
YZi Labs Accuses BNB Treasury Company CEA Industries’ Asset Manager 10X Capital of “Mismanagement” and Threatening to Abandon BNB Strategy
According to an official announcement, YZi Labs Management Ltd., a significant shareholder of BNB treasury company CEA Industries, Inc. (Nasdaq: BNC), has issued a formal notice and corrective demand to its asset manager, 10X Capital Asset Management LLC.
YZi Labs accuses 10X Capital of mismanagement and lack of transparency, threatening breach of the strategic services agreement with YZi Labs. The core dispute centers on 10X Capital’s threat to abandon the BNB treasury strategy and instead invest in other cryptocurrencies like Solana—contradicting the company’s prior commitment to PIPE investors to use $500 million for “establishing the company’s BNB treasury operations.”
YZi Labs demands that 10X Capital provide written confirmation by December 5 that it will adhere to the BNB treasury strategy and properly manage BNB assets. It also notes that under 10X Capital’s management, BNC stock has severely underperformed peers, dropping approximately 19% from pre-PIPE announcement levels and 87% from post-announcement highs.
YZi Labs has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission, seeking to expand the board and appoint independent directors.
Forward Industries: Total SOL Holdings Exceed 6.9 Million, Launches Liquid Staking Token fwdSOL
According to Businesswire, Nasdaq-listed Solana treasury company Forward Industries disclosed its latest operational updates, revealing it has acquired 6,834,505.96 SOL at an average purchase price of $232.08. With staking rewards included, its total SOL holdings reached 6,921,342 as of December 1. Additionally, the company disclosed the launch of its liquid staking token, fwdSOL, designed to maximize yield on staked SOL while serving as collateral in DeFi applications.
Reuters: Strategy Engaging with MSCI Over Potential Index Removal
According to Reuters, Strategy is currently in discussions with MSCI regarding the possibility of being removed from its indices. Chairman Michael Saylor confirmed during an interview at the Binance event in Dubai today, saying, “We are participating in this process.”
MSCI will make its final decision on January 15. According to a research report published last month by JPMorgan, if other index providers follow MSCI’s lead, it could trigger outflows of up to $8.8 billion. Strategy is currently a constituent of both the MSCI USA and MSCI World indices, with a significant portion of its market value linked to benchmark indices through passive investment vehicles like ETFs. JPMorgan noted in the report that removal would raise market concerns about the company’s future equity and debt financing costs and capabilities.
Antithesis Raises $105 Million in Series A Funding Led by Jane Street; Tool Previously Used in Ethereum Network Testing
According to CoinDesk, Antithesis, a startup focused on distributed systems testing, has raised $105 million in Series A funding led by renowned quantitative trading firm Jane Street. Other investors in this round include Amplify Venture Partners, Spark Capital, Tamarack Global, and individual investors such as Stripe co-founder Patrick Collison. Antithesis said its revenue has grown more than 12-fold over the past two years and will use the funds to expand its engineering team, enhance automation, and accelerate global expansion.
Antithesis provides deterministic simulation testing services specifically for “always-on” systems like blockchains, enabling large-scale production-level simulations to identify edge cases that could cause real-time network failures. The platform’s key advantage lies in its ability to precisely reproduce errors when system failures occur, helping engineers quickly pinpoint issues.
Notably, the Ethereum network previously used Antithesis’ simulation technology for stress testing ahead of the “Merge” upgrade, simulating extreme conditions and identifying potential vulnerabilities before transitioning to proof-of-stake.
Decentralized Exchange Ostium Completes $20 Million Series A Funding Led by Jump Trading
According to Fortune, Ostium, a decentralized exchange founded by two Harvard graduates, has completed a $20 million Series A funding round led by venture capital firm General Catalyst and Jump Trading’s crypto division. Other participants in the round include Coinbase Ventures, market makers Wintermute and GSR. According to sources, the funding values Ostium at approximately $250 million. The company had previously raised around $8 million in cumulative funding.
Ostium was founded in 2022 by co-founders and CEOs Kaledora Kiernan-Linn and Marco Antonio Ribeiro. Unlike protocols such as Hyperliquid that focus on perpetual contracts for cryptocurrencies, Ostium primarily focuses on trading tangible assets like metals and energy, and plans to use the new capital to expand into non-crypto user markets outside the U.S. Ostium is a perpetual contract trading platform allowing users to trade real-world assets such as stocks, metals, oil, and select cryptocurrencies.
Market Trends
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2026: The Year of Federal Reserve Leadership Transition
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The Era of Quick Crypto Wealth Is Over: Advice for Retail Investors During Bear Markets
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