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  • 23:39
    Overview of Major Overnight Developments on December 3
    21:00-7:00 Keywords: Strategy, Kalshi, Backed Finance 1. Strategy will consider lending bitcoin in the future; 2. Trump reiterates that the Federal Reserve Chairman should cut interest rates; 3. Kalshi completes $1 billion financing at a $11 billion valuation; 4. An exchange announces the acquisition of the tokenized asset platform Backed Finance; 5. JPMorgan: Bitcoin has become the leading indicator for the entire US market; 6. US lawmakers urge regulators to implement stablecoin regulations before the July 2026 deadline; 7. Strategy CEO: Strategy sets up a $1.4 billion reserve fund through stock sales to ease bitcoin selling pressure.
  • 23:39
    Celestia-based shared sequencer project Astria Network shuts down operations
    Jinse Finance reported that Astria Network, a Layer 2 shared sequencer project based on Celestia, has officially ceased operations. After running its mainnet for about a year, the development team proactively halted the network at block height 15,360,577 on Monday, marking the end of what they defined as an "experimental infrastructure project." Astria was launched in 2023 with the aim of providing decentralized shared sequencer services for Layer 2 networks. It previously completed a $5.5 million seed round led by Maven 11 and secured $12.5 million in strategic financing in 2024 led by dba and Placeholder VC. Earlier this year, the project successively discontinued development of its EVM Rollup product Flame, shut down its Celestia validator nodes, and ultimately decided to fully shut down. The team did not publicly disclose specific reasons.
  • 23:17
    Several European banks advance euro stablecoin, targeting launch in the second half of 2026
    According to ChainCatcher, ten European banks, including BNP Paribas, ING, and UniCredit, have formed a new company called Qivalis, planning to launch a euro-pegged stablecoin in the second half of 2026 to counter the US dollar-dominated digital payments. Qivalis is headquartered in Amsterdam, with former CEO of a German exchange's operations, Jan-Oliver Sell, serving as CEO, and former NatWest chairman Howard Davies as chairman of the board.
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