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Five crypto companies, including Ripple and Circle , have received conditional banking licenses in the United States.
On December 12, the U.S. Office of the Comptroller of the Currency announced that it had conditionally approved the national trust banking license applications of five crypto companies: Ripple, Circle, BitGo , Fidelity Digital Assets, and Paxos . If ultimately approved, these companies will be able to operate in the United States as federally regulated banks, legally holding client assets but not accepting deposits or making loans.
This approval marks a crucial step forward in the integration of crypto institutions with traditional finance. Under the GENIUS Act passed this year, a national trust bank license provides a clear regulatory path for stablecoin issuance. Similar applications from companies like Coinbase and Crypto.com are still under review. Currently, only Anchorage Digital holds a federal banking license in the US.
Tether has submitted an all-cash takeover bid to acquire full control of Italian giants Juventus and has pledged to invest €1 billion.
Tether, the world's largest stablecoin issuer, announced on the 12th that it has formally submitted an all-cash acquisition proposal to fully acquire a controlling stake in Italian football club Juventus. CEO Paolo Adoino stated that if the deal receives regulatory approval, Tether will invest an additional €1 billion to support the club's development.
Tether, which earned over $10 billion in profit in the first three quarters of this year, has previously diversified its assets through investments in areas such as artificial intelligence and gold. In February, the company acquired a minority stake in Juventus; if completed, this acquisition would be its most high-profile investment move in history. Juventus's main partners currently include international brands such as Adidas and Jeep.
Moody's plans to introduce a stablecoin rating framework, with reserve asset quality as a core indicator.
On December 12, international rating agency Moody's proposed a new rating framework for stablecoins. This framework will focus on assessing the quality of the reserve assets backing stablecoins and the associated risks. Under this framework, even stablecoins pegged 1:1 to the US dollar may receive differentiated credit ratings due to differences in the composition of their reserve assets.
The proposal emphasizes conducting credit quality assessments and market capitalization risk calculations on reserve assets, while comprehensively considering operational, liquidity, and technological risks. This framework applies to stablecoin projects globally that effectively separate assets from their issuers. Market participants can submit feedback by January 26, 2026. This move comes at a time when the US GENIUS Act explicitly requires stablecoins to use highly liquid assets as reserves.
Fogo cancels $20 million token presale; mainnet launch will be replaced by airdrops.
According to The Block, the experimental Layer 1 blockchain Fogo has cancelled its planned token presale prior to its mainnet launch in January. The presale was intended to raise $20 million at a fully diluted valuation of $1 billion. The project team stated that 2% of the total supply will be airdropped instead to optimize token distribution and reward early adopters.
According to the token economics plan announced this week, 38.98% of the tokens will be unlocked upon Fogo network launch, with 6.6% specifically allocated for airdrops that are immediately tradable. The project team emphasized that this strategic adjustment will not affect the planned mainnet launch on January 13th.
Tom Lee : Strategy's move to build up a $1.4 billion cash reserve is a wise one.
BitMine Chairman Tom Lee recently stated that Strategy's move to build up a $1.4 billion cash reserve is a wise one. Despite Strategy's stock price falling more than 50% in the past six months, this cash reserve will allow the company to continue paying shareholder dividends during periods of declining Bitcoin prices without having to sell its $61 billion Bitcoin holdings.
Tom Lee pointed out that during the last Bitcoin downturn, Strategy's stock price traded below its net asset value (NAV), and building cash reserves was a preparation for such a situation. BitMine, the largest ETH treasury holding company with over $12 billion in Ethereum, has not established formal dollar reserves, but Lee stated that cash and staking income can also protect BitMine during market downturns.
Goldman Sachs: Bullish on US Stocks in 2026, Six Tech Companies Expected to Contribute Nearly Half of Growth
Goldman Sachs expects the market to continue its upward trend in 2026, setting a target of 7,600 for the S&P 500. Ben Snider, Goldman Sachs' chief U.S. equity strategist, stated that AI-driven productivity will boost earnings, projecting a 12% increase in S&P 500 earnings per share (EPS) to $305, with six major technology companies contributing nearly half of that growth. While large tech companies remain the primary driver, Snider also anticipates improved earnings for other components of the index. He noted that risks ahead include a slowdown in the Federal Reserve's easing pace and pressure on profit margins, but he maintains an overall positive outlook.
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