‍LBank BoostHub to List Kyo Finance (KYO) with 100,000 Token Airdrop LBank is set to list Kyo Finance (KYO) on its BoostHub platform, accompanied by a 100,000 KYO token airdrop. The event aims to reward community participation and introduce promising Web3 projects. Participation requires a minimum of 1,000 USDT holdings and a trade, or an average net asset value of 1,000 USDT. Token distribution is scheduled for December 17th, 2025, at 18:00 SGT. Kyo Finance is a liquidity technology platform enhancing cross-chain interoperability and DEX experiences, backed by prominent investors.
‍US Lawmaker Proposes CBDC Ban in Key Defense Bill Representative Keith Self has introduced an amendment to the National Defense Authorization Act (NDAA) to prohibit the development or implementation of a central bank digital currency (CBDC). The "Anti-CBDC Surveillance State" amendment aims to prevent the Federal Reserve from testing or developing a CBDC and from maintaining individual accounts. This move follows assurances from Republican leadership that anti-CBDC language would be included in the bill, which was later omitted. Lawmakers express concerns that a CBDC could threaten financial freedom and privacy, with Rep. Warren Davidson stating, "CBDC inserts the government between you and your money then sets conditions on your access to it.” The NDAA is considered essential legislation, making it a strategic venue for this policy debate.
‍Octra Defends $200 Million Valuation Amidst Public Offering Scrutiny Web3 infrastructure provider Octra is responding to criticism regarding its $200 million valuation as it prepares for a public token sale. The controversy arose after Delphi Labs' COO questioned the significant increase in the company's valuation since its seed round. Octra's co-founder stated that substantial technical progress, including a functional network operating stably for months and extensive sandbox testing, justifies the current valuation. The project focuses on Fully Homomorphic Encryption (FHE), enabling computation on encrypted data.
‍Solana Liquidity Declines to Bear Market Levels, $500M at Risk On-chain data indicates a significant decrease in Solana's liquidity, nearing bear market lows. This occurs amid market uncertainty, with $500 million in long positions vulnerable to a potential 5.5% price drop. Despite recent altcoin gains, Solana's metrics suggest potential instability. Realized losses are outpacing profits, and open interest in futures has decreased. However, some analysts view this as a precursor to a new cycle. Positive signs include SOL outflows from exchanges and $17.72 million in spot ETF inflows this week. Yet, leverage risk remains, with $15.6 million in Solana positions liquidated recently. A 5.5% drop to $129 could liquidate $500 million in longs. Experts suggest a large liquidation event could clear excess leverage, paving the way for a healthier market reset and renewed institutional interest.