Wu Blockchain News

According to Bloomberg, Binance is exploring options to relaunch its U.S. subsidiary Binance US, including a potential recapitalization that would reduce CZ’s ownership stake. CZ’s status as a controlling shareholder has been a key obstacle to the company’s expansion in several U.S. states. Discussions are ongoing and no decision has been finalized. — link

Binance founder CZ said that even a country’s president recently asked him privately whether he could help with a Binance listing, and he made it clear that he could not. He stressed that anyone claiming they can help projects get listed on Binance is a scam, whether they present themselves as intermediaries, consultants, or former or current employees, as none have such authority. — link

According to reports, Plume has been pushing for approval from US regulators to provide an online platform where customers can purchase digital currencies representing real-world assets such as companies, farms, and even oil wells. But some Federal Reserve economists have also pointed out that tokenization could transmit the financial shocks of cryptocurrencies to a wider economic sphere. The article also reveals that Plume advises the US SEC's crypto task force and has a business partnership with World Liberty (the Trump family's crypto project). — link

Tether announced the launch of PearPass, a peer-to-peer password manager. The app does not rely on cloud servers, with all credentials stored locally on users’ devices and synchronized between devices via encrypted peer-to-peer connections. PearPass is open source and has completed an independent third-party security audit. — link

Tom Lee at BBW2025: At Binance Blockchain Week 2025, Tom Lee said the crypto supercycle remains intact, with tokenization as the core theme of 2025. He argued Bitcoin and Ethereum have likely bottomed as traditional four-year cycles weaken, positioned Ethereum as key financial infrastructure, and said Digital Asset Treasury companies will play a growing role in connecting traditional finance with crypto. Read more — link

Nexo has signed a multi-year agreement with Tennis Australia, becoming the Official Crypto Partner of the Australian Open and the Summer of Tennis, including the United Cup, Adelaide International, Brisbane International, and Hobart International. — link

Deribit and SignalPlus announced that their joint trading competition Mission450K has surpassed USD 11 billion in notional trading volume, setting a new record and marking the fourth consecutive record-breaking competition since 2023. Combined notional volumes of Summer Chase 2025 and Mission450K have now exceeded USD 21 billion. Partnered content with Deribit.

BNB Chain stated that a new stablecoin will officially launch on BNB Chain, designed to integrate liquidity across multiple application scenarios and cater to large-scale usage needs. In addition, community members noticed that CZ has newly followed a stablecoin project named U. — link

December 16 (ET), Bitcoin spot ETFs saw a net outflow of $277 million, with only Fidelity's FBTC experiencing a net inflow. Ethereum spot ETFs had a total net outflow of $224 million, marking a four-day streak of outflows. Solana spot ETFs saw a net inflow of $3.64 million. — link

Binance has released an announcement outlining its listing process and framework, covering the Alpha, futures, and spot markets. Binance emphasizes that projects must submit listing applications directly through official channels, and third-party intermediaries are strictly prohibited. Binance has listed several intermediaries on its blacklist, including BitABC, Central Research, May/Dannie, Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z, and stated that legal action will be taken against such fraudulent activities. — link

Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, said that payments within Russia must be made in rubles, and that cryptocurrencies such as Bitcoin and Ethereum will never become currency in Russia and can only be used as investment instruments. He added that lawmakers support the central bank’s opposition to the use of cryptocurrencies for payments by individuals and businesses. — link

Former Alameda Research CEO and SBF’s ex-girlfriend Caroline Ellison was transferred on Oct. 16 from the federal prison in Danbury, Connecticut to community confinement, which may include home confinement or a halfway house, while remaining under federal custody. Ellison has served about 11 months of her sentence so far. Prison records show her projected early release date is Feb. 20, 2026. — link

Kraken has launched the SportFun (FUN) token sale, with subscriptions open until December 18 at 1:00 pm UTC. The token is priced at $0.06, implying a fully diluted valuation of approximately $60 million. Under the vesting schedule, 50% of tokens will unlock at the token generation event (TGE), with the remaining 50% released linearly on a monthly basis over six months. SportFun is an on-chain fantasy sports platform where users can own, trade, and compete using digital athletes. Partnered content with Kraken. Full details in the link: — link

According to crypto journalist Kate Irwin, SEC sued crypto venture firm Shima Capital and its founder Yida Gao three weeks ago, alleging they carried out a scheme to defraud investors. Internal emails show that Gao has told founders of portfolio companies he plans to step down and begin winding down the fund. Founded in 2021, Shima Capital manages about $ 200 million in assets and has invested in projects including Berachain, Monad, and Pudgy Penguins. — link

Aave founder Stani Kulechov said the U.S. SEC has formally concluded its four-year investigation into the Aave Protocol. He noted that DeFi has faced heightened regulatory pressure in recent years, and that the closure of the probe reduces uncertainty and allows developers to continue building in a clearer regulatory environment. — link

Tether announced it led an $8 million funding round in payments infrastructure company Speed1, with participation from ego death capital. Speed is building instant global settlement rails based on the Bitcoin Lightning Network and stablecoins, supporting native BTC and USDT settlement. — link

RedotPay, a stablecoin payments fintech, has completed a $107 million Series B round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures. Existing investor HSG (formerly Sequoia China) also continued its support. The round was all equity, and the post-money valuation was not disclosed. — link

U.S. unemployment rate for November came in at 4.6%, compared with expectations of 4.4%. U.S. seasonally adjusted nonfarm payrolls increased by 64,000 in November, versus an expected 50,000.

According to Bloomberg, Visa said it has opened its U.S. payments network to stablecoin settlement, allowing U.S. financial institutions to settle transactions using Circle-issued USDC on the Solana blockchain. Cross River Bank and Lead Bank are among the first adopters of the service. — link

CZ on Crypto Payments, Next-Cycle Opportunities, Life Perspectives, and More：At Binance Blockchain Week 2025, Binance founder CZ said crypto payments remain unresolved, the DAT model works but depends on management, and Web3 success requires product focus and long-term thinking. He added that U.S. regulatory easing could unlock opportunities, mainstream adoption needs regulatory clarity and financial integration, crypto is improving access in developing countries, and his future focus will be education, philanthropy, and ecosystem building. Read more — link