Odaily Planet Daily reports that cryptocurrency market maker GSR stated that its operations are running smoothly, its business and liquidity are robust, and it will continue to provide execution and services to its clients and partners. GSR's CEO denied the online rumors about a "10/11 liquidation."

Odaily Planet Daily reports that the Party Committee of the People's Bank of China held a meeting, emphasizing that to ensure the success of the People's Bank of China's work next year, it is essential to adhere to the general principle of seeking progress while maintaining stability, fully and accurately implement the new development philosophy, continue to implement a moderately loose monetary policy, leverage the integrated effects of existing and new policies, increase counter-cyclical and cross-cyclical adjustments, focus on expanding domestic demand and optimizing supply, improve incremental growth and revitalize existing assets, and create a favorable monetary and financial environment for stable economic growth, high-quality development, and the stable operation of the financial market. (Jinshi)

Odaily Planet Daily reports that the Party Committee of the People's Bank of China held a meeting, emphasizing the need to steadily promote high-level financial opening-up and safeguard national financial security. The meeting stressed the importance of implementing global governance initiatives, actively participating in and promoting the reform and improvement of global financial governance, pragmatically conducting financial diplomacy and multilateral and bilateral monetary and financial cooperation, promoting the internationalization of the RMB, continuously building and developing a multi-channel, broad-coverage RMB cross-border payment system, steadily developing the digital RMB, improving the central bank system, and building a strong central bank. The meeting also emphasized constructing a scientific and sound monetary policy system, dynamically assessing and improving the monetary policy framework, enriching the monetary policy toolbox, and strengthening the implementation and transmission of monetary policy. Furthermore, the meeting stressed the need to comprehensively address the "five major tasks" in finance, including improving a comprehensive macro-prudential management system and a systemic financial risk prevention and disposal mechanism, strengthening macro-prudential management in key areas, and improving the basic framework for the supervision of systemically important financial institutions. The meeting also emphasized building a standardized, transparent, open, vibrant, and resilient financial market system, constructing a safe and efficient financial infrastructure system, and improving the legal basis for the central bank's functions. (Jinshi)

Huoxun Finance News, December 12th - According to Bloomberg, Tether is considering improving liquidity through methods such as share buybacks or equity tokenization while pursuing a fundraising plan of up to $20 billion. Tether management is concerned that existing shareholders transferring shares at a discount will affect the valuation and has not yet allowed them to participate in this round of financing. Tether previously launched the Hadron asset tokenization platform, aiming to represent assets such as stocks in blockchain form.

Huoxun Finance News, December 12th - According to Phantom's official Twitter account, Phantom will partner with Kalshi to launch a prediction market feature. Users can trade binary event contracts within their wallets, covering popular events in sports, politics, crypto, and culture. Trading is similar to token swaps, supporting multiple tokens including CASH, with real-time odds and market dynamics viewing, and participation in market chat. This feature will be gradually rolled out to qualified users over the next week.