Crypto Morning News: U.S. unemployment rate rises, Aether Games announces shutdown
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Crypto Morning News: U.S. unemployment rate rises, Aether Games announces shutdown
Bitwise releases top 10 cryptocurrency predictions for 2026, expects BTC to break four-year cycle and reach new highs.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
U.S. Releases Key Economic Data
According to Jin10 News, the U.S. seasonally adjusted non-farm employment population for November increased by 64,000, higher than the expected 50,000.
The U.S. unemployment rate in November was 4.6%, above the forecasted 4.4%.
FDIC Advances GENIUS Act Implementation, Proposes Framework for Stablecoin Applications
According to The Block, the Federal Deposit Insurance Corporation (FDIC) board approved a proposed rule on December 16 to establish an application process for financial institutions to issue payment stablecoins through subsidiaries. This rule forms part of the implementation of the Guidance and Establishment of National Innovation with Stablecoins (GENIUS) Act passed in the summer.
Nicholas Simons, FDIC’s legal counsel, stated that applications must outline the proposed activities, describe the “subsidiary ownership and control structure,” and include a “letter of engagement with a registered public accounting firm.”
FDIC Acting Chairman Travis Hill revealed that the agency plans to release another proposed rule in the coming months, setting capital, liquidity, and risk management requirements for approved subsidiary stablecoin issuers.
Senator Warren Warns of National Security Risks Posed by DEXs Like PancakeSwap
According to Decrypt, Senator Elizabeth Warren sent a letter this week to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, warning about national security risks posed by decentralized exchanges (DEXs), specifically naming PancakeSwap. Warren requested both departments respond by January 12, 2026, detailing these risks and mitigation strategies.
Warren cited research from blockchain analytics firm Allium indicating that approximately 20% ($263 million) of the $1.4 billion stolen from Bybit in February 2025 was laundered through PancakeSwap. She also questioned the relationship between PancakeSwap and World Liberty Financial’s USD1 stablecoin backed by Trump, as well as potential improper political influence by the Trump administration on cryptocurrency enforcement decisions.
PancakeSwap has not yet responded to Warren’s allegations.
Trump-Backed Crypto Project WLFI to Deploy USD1 Stablecoin on Canton Network
According to PRNewswire, Canton Network announced that World Liberty Financial (WLFI), the Trump family's crypto project, will deploy its USD1 stablecoin on the network. The move aims to expand USD1’s reach in institutional on-chain finance and accelerate its adoption among regulated global market participants, including collateralization for derivatives and institutional loans, instant cross-border payments and 24/7 settlement, and on-chain asset issuance, financing, and redemption.
Prediction Market Football.Fun Announces Tokenomics: 1 Billion Total Supply, 4% for Genesis Airdrop
Football.Fun, a sports prediction app on Base chain, released details of its FUN tokenomics. The total supply is 1 billion tokens: 25% allocated to the community, including 4% for the genesis airdrop; 25% to the team; 24.8% to investors; 17.7% to the treasury; and 7.5% for public sale.
Earlier, Football.Fun launched its public sale at 9 PM UTC+8 tonight simultaneously on Legion and Kraken, with a total fundraising target of $3 million.
Rainbow May Conduct TGE on February 5, 2026
Crypto wallet Rainbow posted a video on social media indicating that its RNBW token may undergo TGE on February 5, 2026.
BNB Chain: New Stablecoin Launching, Built for Mass Adoption
According to BNB Chain’s official Chinese channel, a new stablecoin will officially launch on BNB Chain. It aims to consolidate liquidity across various application scenarios and is designed for mass adoption.
Bubblemaps: Insiders Control 80% of PIPPIN Token Supply, Worth ~$380 Million
Blockchain analytics platform Bubblemaps reports that insiders now control 80% of the PIPPIN token supply, valued at approximately $380 million.
Bubblemaps noted: Since the last disclosure, 16 new wallets exhibiting identical patterns (funded via HTX, receiving similar amounts of SOL, no transaction history, large withdrawals of PIPPIN from CEXs) have emerged. Additionally, a group of 11 wallets linked to Bitget was identified, collectively holding around 9% of the supply, with highly consistent fund flows and timing, suggesting control by a single entity.
Aether Games, Backed by Mysten Labs, Officially Shuts Down as Crypto Gaming Projects Struggle to Sustain
Aether Games officially announced the closure of operations. In a statement on social platforms, the project admitted that despite various efforts and adjustments, it failed to attract enough players to remain viable.
The team acknowledged that the TGE (Token Generation Event) period was a turning point, during which many transactions involving KOLs, partners, and advisors proved dishonest, resulting in severe fund losses. Meanwhile, major exchanges including KuCoin, Gate, and Bybit have issued delisting risk notices for the AEG token, making continuation impossible.
Aether Games also pointed out that high costs, complexity, and security risks in the crypto gaming market were key factors behind its failure. Recently, the project faced multiple hacking attempts, one of which succeeded and affected some users. To prevent further fraud, the official Discord community has been shut down.
In its farewell message, the team advised future developers to consider small-scale fair fundraising and focus on DEX liquidity rather than relying on costly promises and unstable partnerships.
Previously, Web3 game developer Aether Games raised $5 million in seed funding from investors including Mysten Labs and Polygon.
Bitwise Releases Top 10 Crypto Predictions for 2026, Expects BTC to Break Four-Year Cycle and Hit New Highs
Bitwise released its top 10 cryptocurrency market predictions for 2026.
Prediction 1: Bitcoin will break the four-year cycle and reach a new all-time high.
Prediction 2: Bitcoin’s volatility will be lower than that of NVIDIA.
Prediction 3: ETFs will purchase over 100% of the newly minted supply of Bitcoin, Ethereum, and Solana, as institutional demand accelerates.
Prediction 4: Cryptocurrency stocks will outperform tech stocks.
Prediction 5: Polymarket’s open interest will hit a record high, surpassing levels seen during the 2024 election.
Prediction 6: Stablecoins will be blamed for destabilizing emerging market currencies.
Prediction 7: Assets under management in on-chain treasuries (also known as “ETF 2”) will double.
Prediction 8: Ethereum and Solana will reach new all-time highs (if the CLARITY Act passes).
Prediction 9: Half of Ivy League endowments will invest in cryptocurrencies.
Prediction 10: The U.S. will launch over 100 crypto-linked ETFs.
Additional Prediction: Correlation between Bitcoin and equities will decline.
Visa Opens Stablecoin Settlement Service to U.S. Institutions, Enables USDC Transactions via Solana
According to Bloomberg, global payments giant Visa Inc. announced the opening of its stablecoin settlement service to U.S. networks, allowing U.S. financial institutions to settle transactions using Circle Internet Group Inc.’s USDC token over the Solana blockchain. Cross River Bank and Lead Bank are the first institutions to adopt the service.
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This article explores how 2025 marks a pivotal year in the crypto space, transitioning from speculative cycles to foundational, institution-scale structures. It details 11 key changes in the 2025 crypto market, including institutional capital dominance, tokenization of real-world assets, dual nature of stablecoins, L2 consolidation, rise of prediction markets, convergence of AI and crypto, emergence of new launch platforms, uninvestability of high-FDV tokens, collapse of information finance, return of consumer crypto, and normalization of global crypto regulation.
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