Odaily Planet Daily reports that Drift Protocol, a decentralized exchange (DEX) specializing in perpetual contracts, has released the latest tokenomics for its governance token, DRIFT. As of November 2025, 55.6% of the total supply has entered circulation, and the lock-up periods (Cliffs) for all major investors have ended.
Drift Protocol is preparing to launch Drift v3, the next-generation version of its perpetual contracts, focusing on speed and performance. Meanwhile, the community is engaged in governance discussions, exploring proposals to use protocol surplus to buy back DRIFT tokens.
According to Bitget data, FORM has broken through 0.47 USDT and is currently trading at 0.4644 USDT, a 24-hour increase of 24.50%.
According to Coindesk, crypto incubator Obex has announced the completion of a $37 million funding round, led by Framework Ventures, LayerZero, and the Sky ecosystem. Obex's core objective is to incubate and fund next-generation interest-bearing stablecoin projects, and it has been described as the "Y Combinator" (a well-known Silicon Valley incubator) of the stablecoin space.
Core Strategy
Key areas: Obex will focus on stablecoin strategies backed by high-quality real-world assets (RWA), using institutional-grade risk control standards to avoid the failures of previous synthetic stablecoins.
Sky's role: Obex will become the capital allocator for the Sky ecosystem (the successor to MakerDAO, which owns the USDS stablecoin). The Sky ecosystem has already authorized the deployment of up to $2.5 billion of USDS to eligible projects incubated through Obex, providing funding and scalability for these stablecoin strategies.
Vance Spencer, co-founder of Framework Ventures, said Obex will offer a 12-week incubation program, providing early-stage teams with access to capital, technical resources, and Sky infrastructure, aiming to address the current lack of robust risk infrastructure in the interest-bearing stablecoin market.
According to Bloomberg, HSBC announced plans to begin offering its Tokenized Deposit Service (TDS) to corporate clients in the United States and the United Arab Emirates (UAE) in the first half of next year, in order to expand its application in the blockchain payments sector.
Service Scope: TDS allows corporate clients to complete local and cross-border fund transfers 24/7 within seconds, significantly improving liquidity management efficiency. The service is available in Hong Kong, Singapore, the UK, and Luxembourg, and supports transactions in Euros, British Pounds, US Dollars, Hong Kong Dollars, and Singapore Dollars.
New Currency: As HSBC expands its business into the Middle East, it will increase its support for the UAE dirhams next year.
Tokenized Deposits vs. Stablecoins: Tokenized deposits are digital notes issued by banks, representing claims on existing deposits, part of the existing banking system, and capable of paying interest. Unlike stablecoins, which are typically issued by non-bank entities and backed by high-quality liquid assets, tokenized deposits are more attractive to corporate clients holding substantial funds due to their adherence to traditional regulatory frameworks.
Future Outlook: HSBC plans to expand the application of tokenized deposits in programmable payments and autonomous funds management systems (leveraging automation and AI to manage cash and liquidity risk). In addition, HSBC is exploring the stablecoin industry and in talks with several issuers to provide reserve management and settlement account services, but has not ruled out the possibility of issuing its own stablecoin or jointly issuing one with other banks in the future.
According to Odaily, Revolut, one of Europe's largest new banking platforms, has integrated Polygon as its preferred technology stack for stablecoin transfers, payments, and transactions. As of November 2025, Revolut users have processed over $690 million in transactions through Polygon, demonstrating large-scale real-world adoption.
Core Cooperation Details
With over 65 million users (14 million of whom are encrypted), this integration allows opt-in users to seamlessly leverage Polygon's infrastructure to:
Zero-cost remittances: Revolut covers the gas costs for eligible transfers, providing users with free cross-border remittance and transfer services.
Stablecoin transfers: Send and receive USDC and USDT through Polygon, taking advantage of its low cost and fast settlement.
Everyday Payments: Users can use the encrypted card within the Revolut app to make everyday purchases using stablecoins on Polygon.
Trading and staking: Users can directly trade and stake POL (Polygon's Gas and staked tokens) through the Revolut application.
This integration allows Revolut users to leverage Polygon's low cost and rapid finality to achieve convenience similar to traditional financial systems, providing native on-ramp and off-ramp deposit channels. Revolut's addition further solidifies Polygon's leading position as an enterprise-grade payments and stablecoin platform; previously, major institutions such as Mastercard, Stripe, and Flutterwave had also chosen Polygon as their crypto payment platform. Polygon's recent Rio upgrade has improved its speed and reliability, supporting 5,000 transactions per second to meet the demands of mainstream financial services.
According to Bitget data, SKYAI broke through 0.02303 USDT and is currently trading at 0.0224 USDT, with a 24-hour increase of 21.61%.
According to the latest data from Coinglass, as reported by Odaily Planet Daily, the total liquidation amount in the global cryptocurrency futures market reached $805 million in the past day, with 173,757 investors forced to liquidate their positions.
Data shows that the recent wave of margin calls was mainly concentrated on long positions, with long positions amounting to $667 million, accounting for the vast majority of the total margin calls, while short positions amounted to $139 million.
Bitcoin (BTC) liquidations reached $434 million, while ETH (ETH) liquidations totaled $165 million. Market observers believe that the sudden selling pressure is likely the main reason for the rapid market decline and the resulting chain of liquidations.
It is worth noting that the largest single liquidation occurred on the BTC-USD trading pair on the Hyperliquid platform, worth a staggering $21.3759 million, demonstrating that even whales could not escape the disaster.
Odaily Planet Daily reports that Coinbase announced on its X platform that it will be livestreaming on the X platform at 2 PM Pacific Time on December 17 (6 AM Beijing Time on December 18), during which it will release product announcements and important business updates.
Odaily Planet Daily reports that the governance forum of the decentralized lending protocol Venus has released a proposal to phase out three markets in the BNB Core Pool: BETH, MATIC, and PT-USDe-30OCT2025.
BETH: Proposes to completely eliminate the market by setting the loan-to-value (LTV) ratio to 0%. The market has already suspended lending and supply in 2023.
MATIC: Since the MATIC token has been replaced by the POL token, and Venus currently has no plans to support POL, it is proposed to set its Lending Value Ratio (LTV), Supply Cap, and Lending Cap to 0, and to suspend supply and lending. Simultaneously, its oracle will be updated to Chainlink $POL.
PT-USDe-30OCT2025: This market expires on October 30, 2025, and is no longer active or relevant, therefore removal is proposed.
The proposal aims to maintain the efficiency and security of the BNB Core Pool by eliminating inactive or expired marketplaces.
Odaily Planet Daily reports that Nvidia has pledged up to $10 billion to invest in Anthropic. Nvidia also stated that Microsoft Azure AI Foundry customers will have access to Anthropic's Frontier Claude model.
Microsoft and Anthropic are also expanding their existing partnership to provide enterprises with broader access to Claude.
Microsoft has pledged to invest up to $5 billion in Anthropic.
Anthropic has committed $30 billion to purchase Azure computing power. (Jinshi Data APP)
According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, two addresses purchased 2,189 BTC on-chain at an average price of $66,169 between February 2024 and February 2025, spending a total of $144 million. The tokens were subsequently distributed to multiple addresses, with one address (0x9b8...22d8) depositing 250 BTC into Binance, which would have yielded a profit of $6.283 million if sold.
Currently, the whale or entity still holds 30,578 ETH and 500 BTC on the blockchain, with on-chain assets totaling $139 million.
According to Cloudflare's official website, the affected services have now been restored. Cloudflare stated, "The issue has been resolved, and we believe the incident is now closed. We will continue to monitor for bugs to ensure all services are back to normal."
According to BitMart's market report on November 18th, Odaily Planet Daily reports that market liquidity has not improved as expected after the US government resumed operations. There is significant disagreement within the Federal Reserve regarding a December rate cut. While the market still rates the rate cut relatively high, the overall bias is towards a "hawkish" rate cut, limiting the stimulus to asset prices. US stocks have entered a healthy correction phase. Although AI leaders have solid fundamentals, they are suppressed by valuation and interest rate uncertainties. The S&P 500 and Nasdaq have corrected by about 5% in the current phase. If a soft landing scenario similar to 2019 is repeated, there may be further downside potential. The crypto market continues its weak consolidation. The short-term cost basis for BTC has been broken below the $100,000 range, and the price has simultaneously fallen below the 365EMA and the $93,000 support level. Short-term holders are generally experiencing losses. If the price cannot quickly return to the aforementioned range, it may enter a longer downward cycle. ETF funds continue to show a weak structure of "inflows during rallies and outflows during declines." The BTC ETF has seen net outflows of over $1 billion for three consecutive weeks, and the ETH ETF also saw outflows of over $700 million in a single week. Overall, BTC... The current bottom range is focused on $80,000 to $90,000. Although market sentiment has been largely priced in, there is still a possibility of further price declines. In the short term, it is still necessary to maintain a defensive stance and observe patiently.
