Strategy stays in the Nasdaq 100 Oracle's market capitalization evaporates by $102 billion

Golden Weekly is a weekly industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological progress, and other industry dynamics over the past week. This article is a news weekly, providing an overview of major events in the blockchain industry this week.

Headlines

▌Reuters: Strategy Will Continue to Remain in the NASDAQ 100

According to Reuters, despite increasing scrutiny due to large Bitcoin accumulations, Strategy (formerly MicroStrategy) will continue to be a component of the NASDAQ 100 index. The annual rebalancing confirmed that Strategy was not removed, and its seat will be retained after the new adjustment takes effect.
The report notes that market attention on Strategy mainly focuses on its business model’s heavy reliance on Bitcoin price fluctuations, but this has not affected its current status within the NASDAQ 100.

▌EXOR Group: Rejects Tether’s Proposal to Acquire Juventus Shares

EXOR Group: Rejects Tether’s proposal to acquire Juventus shares, reaffirming no intention to sell Juventus stock.
Earlier reports indicated that cryptocurrency giant Tether was serious about acquiring Juventus Football Club, preparing to make a new bid exceeding €2 billion.

▌Tether Offers New Bid Valuing Juventus Over €2 Billion for Acquisition

Cryptocurrency giant Tether is very serious about acquiring Juventus FC, preparing to make a new bid exceeding €2 billion. Yesterday, Tether submitted an offer to the Exor board, aiming to acquire the 65.4% stake in Juventus held by the Agnelli family’s holding company. This news was announced by CEO Paolo Ardoino via social media, but it is only the beginning of negotiations.

▌0G Foundation: Contract Attacked, 520,000 $0G stolen

On December 13, 0G Foundation announced on X that a targeted attack compromised its reward contract. The attacker exploited the emergency withdrawal feature of the 0G reward contract used for distributing alliance rewards, stealing 520,010 $0G tokens, which were subsequently bridged and dispersed via Tornado Cash. The attacker obtained leaked private keys from an Alibaba Cloud instance responsible for managing NFT status and reward updates, storing the keys locally. Due to a serious vulnerability in Next.js (CVE-2025-66478) exploited on December 5, multiple Alibaba Cloud instances were compromised. The attacker lateral-moved within the network, affecting services including calibration, validator nodes, Gravity NFT, node sales, computing, Aiverse, Perpdex, Ascend, etc. Total confirmed losses: 520,010 $0G tokens, 9.93 ETH, and $4,200 USDT. Except for the reward distribution contract, core infrastructure and user funds remain unaffected.

▌Oracle Market Cap Evaporates $102 Billion

Oracle (ORCL) stock dropped by 16%, marking the largest single-day decline since March 2001, with a market cap loss of $102 billion.

Policies

▌Ripple, BitGo, Fidelity, Paxos, and Circle Trust Bank Licenses Conditional Approval

The Office of the Comptroller of the Currency (OCC) has conditionally approved trust bank licenses for Ripple, BitGo, Fidelity Digital Assets, Paxos, and Circle.
“Conditional approval” is a preliminary recognition, indicating OCC has reviewed the application and considers the company generally compliant with regulatory requirements (such as capital adequacy, risk management frameworks, and business plans), but not a final license. The companies must meet specific conditions within a set timeframe to convert to full operational status.
Once all conditions are met, OCC will issue a final, unconditional national trust bank license, allowing the company to exercise trust bank powers immediately, including expanding core business, managing client assets as a trustee, handling payments and settlements, custody of digital assets (e.g., stablecoin reserves), and providing related financial services. However, trust bank licenses differ from full-service banks and do not accept deposits or issue loans. They can apply for a Federal Reserve master account, accelerating clearing and access to the traditional financial system, further promoting integration of crypto and traditional finance.

▌Wu Jie-Zhuang: Believes Hong Kong’s Stablecoin Development Will Remain Steady and Progress Step by Step

Hong Kong Legislative Council member Wu Jie-Zhuang posted on social media that, “Earlier, there were many questions about Hong Kong’s Web3 development, including the future of stablecoins, RWA development, etc. Since I didn’t respond carefully during the election, I want to share my views here:
I believe Hong Kong’s stablecoin development will not have major changes and will continue to progress steadily. The stablecoin legislation passed in the 7th Legislative Council was the result of long-term deliberation and discussion. I believe the entire development will align with international and Hong Kong’s actual financial environment, progressing gradually, first trying in the local market, then expanding to the international market, leveraging Hong Kong’s position as a financial and tech innovation hub.
RWA (Real World Assets) is a hot topic in traditional and Web3 sectors. Hong Kong has already promoted a regulatory sandbox, which will explore the importance of compliant development and future regulation within the sandbox. I believe different industries can boldly experiment with Web3 technology, which can drive the development of many real-world applications.
Developers’ demand is rapidly increasing. Over the past three years, Hong Kong’s open policies have attracted numerous Web3 companies. The related development needs continue to grow. The Hong Kong SAR government has been actively promoting the development of the Northern Metropolis and the Lok Ma Chau Loop, not only to attract companies but also to bring in talent. More Web3 public chains, compliant exchanges, and underlying infrastructure companies are establishing in Hong Kong. In my early entrepreneurial days, I also started as a developer and know that the success of developers and tech startups is closely linked. I will help build a talent ecosystem for the industry to attract more developers and practitioners to settle in Hong Kong.”

▌US SEC Releases Cryptocurrency Custody Business Guidelines

The US Securities and Exchange Commission (SEC) issued a public investor guidance on Friday regarding crypto wallets and custody, outlining best practices and common risks associated with different forms of crypto asset storage.
The SEC’s announcement lists advantages and disadvantages of various crypto custody methods, including self-custody versus third-party custody of digital assets.
If investors choose third-party custody, they should understand the custodian’s policies, including whether they will “re-hypothecate” the assets (lending out assets for profit) or whether the service provider pools client assets rather than holding them in separate accounts.

▌Trump Signs Executive Order to Unify AI Regulation at Federal Level

On the 11th, US President Trump signed an executive order to standardize AI regulation across federal agencies, restricting states from creating their own rules. The order states that for success, US AI companies must be able to innovate freely without burdensome regulation, but “excessive state-level regulation” hampers this goal. It points out that current state-by-state regulations will lead to a patchwork of 50 different systems, making compliance more difficult, especially for startups. The order aims to establish a “light-touch” nationwide standard.
It also calls for the Attorney General to form a dedicated AI litigation task force, whose “sole responsibility” is to object to state AI laws that conflict with this order. Some tech companies have opposed strict regulation, and the latest executive order is seen by some media as a victory for these companies. Media also warn that the policy could weaken AI regulation, posing risks. (Xinhua News Agency)

▌Pakistan Signs MoU with Binance to Tokenize $2 Billion State Assets

According to Reuters, Pakistan and Binance signed a Memorandum of Understanding (MoU) to explore tokenization of up to $2 billion in government bonds, treasury bills, and commodities.
The Pakistani Ministry of Finance stated that this cooperation is an important step in introducing blockchain technology, enhancing asset liquidity, and attracting foreign investment, potentially paving the way for more government real assets to go on-chain.
This move coincides with Pakistan’s accelerated efforts to launch a formal crypto regulatory framework and study government asset issuance on blockchain. Just a day earlier, Pakistan’s Virtual Asset Regulatory Authority (VARA) chairman Bilal Bin Saqib revealed in an interview that the country will promote accelerated adoption of cryptocurrencies, Bitcoin mining, and plans to issue a national stablecoin.

Blockchain Applications

▌Crypto Startup LI.FI Completes $29 Million Funding

Crypto startup LI.FI has completed $29 million in funding, led by Multicoin and CoinFund, bringing its total funding to about $52 million. LI.FI plans to expand into various trading areas including perpetual futures, yield opportunities, prediction markets, and lending markets, and intends to use the funds to hire more staff.

▌SEC Chair: US Financial Markets Are Moving “On-Chain”

SEC Chairman Paul Atkins stated, “The US financial markets are moving toward ‘on-chain’ operation. The SEC prioritizes innovation and actively adopts new technologies to realize an on-chain future.”

▌Coinbase Plans to Announce Prediction Markets and Tokenized Stock Products on December 17

Cryptocurrency exchange Coinbase Global Inc. plans to announce the launch of prediction markets and tokenized stock products next week. According to insiders, Coinbase will officially unveil these two products during an event on December 17. Notably, its tokenized stock product will be developed in-house rather than through partnerships.

▌Hex Trust to Issue and Custody Wrapped XRP (wXRP) to Expand DeFi Use Across Multiple Blockchains

Hex Trust plans to issue and custody wrapped XRP (wXRP), a token pegged 1:1 with XRP, to expand the asset’s use in DeFi and cross-chain applications.
As a regulated custodian, the company states that this move will break the limitation that XRP can only circulate on the XRP Ledger; on blockchains like Ethereum, where Ripple stablecoin RLUSD is already live, wXRP can be paired with RLUSD to provide market liquidity.
Hex Trust notes that authorized merchants can mint and redeem wXRP in a secure, automated, and fully compliant environment. The company emphasizes that wXRP is fully backed 1:1 with native XRP held in its compliant custody, supporting full redemption; users can also earn yields via partnered DeFi platforms.
The total value locked (TVL) of wXRP at launch will exceed $100 million. Hex Trust says this scale will provide a solid initial liquidity foundation, ensuring smooth trading and price stability.

▌SEC Chair: DTC Participants Can Now Directly Transfer Tokenized Securities into Other Participants’ Registered Wallets

SEC Chairman Paul Atkins posted on X that the US financial market is about to transition on-chain, prioritizing innovation and new technology adoption. The SEC has issued a no-action letter to the Depository Trust & Clearing Corporation (DTC), allowing on-chain markets to offer higher predictability, transparency, and efficiency for investors. DTC participants can now directly transfer tokenized securities into other participants’ registered wallets, with these transactions officially recorded and tracked by DTC.