Strive Asset Management CEO Matt Cole sent a letter to the CEO of MSCI, opposing the proposal to exclude companies with more than 50% exposure to digital assets (mainly Bitcoin) from the MSCI Global Investable Market Indexes, arguing that this undermines the neutrality of passive investing.
MSCI considers excluding DAT from indexes
MSCI, one of the world’s largest index providers, launched a consultation in October aimed at excluding digital asset financial companies (DAT) such as MicroStrategy, MARA Holdings, and Riot Platforms from its indexes because DAT may exhibit characteristics similar to investment funds, making them ineligible for MSCI indexes. MSCI suggests

Bridgewater Associates founder Ray Dalio was recently invited to speak and participate in a discussion at the Oxford Union in the UK, focusing on changes in the global order, debt cycles, the rise and fall of great powers, and the impact of technology. When it came to US-China relations, the host brought up one of the main concerns of the public: Taiwan. In his response, Dalio did not make any emotional comments. Instead, he approached the topic from the perspective of his long-term research on historical cycles and Chinese political culture, explaining Taiwan's place in the Chinese mindset and assessing whether Taiwan is currently likely to become the flashpoint for a military conflict between the US and China.
Background of connecting with China: to understand Taiwan, you must first understand China
Dalio reflected on his initial experiences traveling to China in the mid-1980s, describing how his early curiosity evolved through exchanges with local leaders and historians, gradually leading him to understand how China views the world. He emphasized that in order to understand how modern China regards Taiwan, it is essential to first recognize its political...

The International Monetary Fund ((IMF)) recently released the report "Understanding Stablecoins" ((Understanding Stablecoins)), revealing the significant impact that stablecoins have on the global financial system, including accelerating "digital dollarization" in countries with high inflation and weak institutions, and undermining central banks' control over capital flows, exchange rates, and monetary policy. While stablecoins have the potential to improve payment efficiency and financial inclusion, risks such as bank runs, reserve asset sell-offs, and fragmented regulation are increasingly contributing to systemic risks. The IMF has called on countries to take swift action in response.
Making the Dollar Great Again? Stablecoins Are Quietly Eroding Global Monetary Sovereignty
The IMF report points out that the cross-border accessibility, low entry barriers, and high liquidity of stablecoins make them an alternative option for many emerging markets facing high inflation, exchange rate instability, and loss of institutional trust.
Data shows that 97% of stablecoins are

Google’s parent company Alphabet has recently attracted significant market attention with its in-house AI chip, the TPU. Originally designed primarily for use in Google Cloud as an accelerator chip, Wall Street now believes it could generate nearly $900 billion in new business opportunities and is expected to capture 20% of the AI market share in the coming years. From massive orders with Anthropic to reports that Meta is also in talks to adopt the chip, Alphabet’s AI strategy is regarded as one of the core reasons why the company’s stock price surged 30% in Q4.
Stock price surges, TPU becomes the driving force
According to reports, Alphabet’s stock price soared approximately 30% in the fourth quarter, making it one of the top-performing tech stocks in the S&P 500. The general consensus in the market is that the driving factor is Google’s proprietary AI

Prediction market leader Polymarket is reportedly establishing an internal market-making team, which may directly take bets against users on the platform. The original intent of this strategy is to boost liquidity, but it treads into the same legal and trust controversies currently faced by competitor Kalshi, including conflicts of interest and odds manipulation—issues related to neutrality. At the same time, the entry of whales and professional institutional market makers is also reshaping the balance of power in the prediction market.
Polymarket recruits internal market makers to bet against users?
According to a Bloomberg report, Polymarket is actively recruiting members with professional trading experience to form an "internal market-making team." In the future, this team will be able to directly place orders on the platform, take on unpopular or higher-risk positions in the market, fill liquidity gaps, and stabilize market depth.
This move is shifting the role of prediction market platforms from that of a matchmaker towards the traditional bookmaker model seen in casinos, drawing significant public attention.

At the last moment before sending the annual National Defense Authorization Act to Congress for review, it was confirmed that the Guarding American Innovation in National AI Act (GAIN AI Act) would not be included. This decision is seen as a major lobbying victory for NVIDIA, involving intense maneuvering among the White House, Congress, tech giants, and national security advocates. NVIDIA CEO Jensen Huang even personally flew to Washington, D.C. to meet with President Trump and several members of Congress to present his case.
The bill sparked debate, with the U.S. worried about chip supply being squeezed out.
The core idea of the GAIN AI Act is to require AI and high-performance computing (HPC) chip manufacturers such as NVIDIA, AMD, and Intel to ensure that domestic U.S. demand is met before exporting their products. This bill originated from the long-standing issue of AI chip shortages in the U.S., where many companies and research institutions have been unable to obtain

Figure has become one of the most closely watched startups in the fintech field in recent years. Founded by a team with deep backgrounds in finance and technology, this capital markets technology company is dedicated to reshaping the infrastructure of traditional financial markets through blockchain. Figure's core technology centers on on-chain asset management, using standardized, tamper-proof data structures to enable real-world assets such as mortgage loans to flow at lower costs and faster speeds, attracting institutional investors. Since its founding, the company has tokenized nearly $18 billion in assets and has achieved a dominant market share in the private credit and mortgage sectors, also earning the highest AAA ratings from S&P and Moody's. In September 2025, Figure successfully went public, becoming one of the most representative blockchain enterprises in the U.S. capital markets.
In an NY Post interview, host William Zimmerman and Fi

Caroline D. Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), announced that Spot Cryptocurrency Products ( will be traded for the first time on a federally regulated CFTC-registered futures exchange. This marks a significant development for the official inclusion of spot crypto assets within the U.S. regulatory framework and signifies the first implementation of institutionalized measures in this field after years of discussion.
According to the CFTC's announcement, this approval means spot cryptocurrencies will be allowed to be listed on a nationwide futures exchange with nearly a century of history. Pham stated that regulated exchanges can provide established market regulatory frameworks, investor protection mechanisms, and risk control standards, thereby enabling both retail and institutional investors...

Apple is currently experiencing a wave of talent loss, with UI design chief Alan Dye and AI head John Giannandrea both announcing their departures. This comes at a time when the company is facing external doubts about its progress in AI and product innovation. On the other hand, Meta has acquired Apple’s core design talent to strengthen its efforts in next-generation AI and wearable devices. This talent movement among Silicon Valley giants highlights a shift in focus in the new round of tech competition.
Apple’s Design Bloodline Loss: UI Visionary Alan Dye Jumps to Meta
According to The Verge, Alan Dye, Apple’s UI design chief who has led the company’s interface visual direction since 2015, will leave at the end of December and join Meta as Chief Design Officer.
Meta CEO Mark

Meta plans to cut the budget and manpower for its metaverse project in January next year, redirecting resources to wearable devices such as AI glasses. The company is facing investor concerns and has acknowledged losses in the metaverse project, with its stock price rising by 3.43% as a result.

The S&P 500 Index and the Nasdaq Index edged higher as investors prepared for the Federal Reserve's interest rate decision next week. Bitcoin is consolidating above $90,000. Although market sentiment has moved out of the extreme fear zone, it remains cautious. Twenty One, a US Bitcoin company directly invested in with Bitcoin by Tether, the world’s largest stablecoin issuer, will begin trading next Monday (12/8) on the New York Stock Exchange under the ticker "XXI." The stock price rose 22% yesterday. Ethereum reserve company BitMine continues to buy ETH, and BMNR stock also rose nearly 8% yesterday, closing at $36.32.
Good data is good news, bad data is still good news—will a Fed rate cut become a certainty?
On Thursday, investors largely ignored the latest weekly jobless claims, which showed that the number of first-time unemployment benefit applicants fell to the 2022

NVIDIA CEO Jensen Huang admitted on "The Joe Rogan Experience" podcast that every day he wakes up feeling like the company is only 30 days away from bankruptcy. He stated that this is not a joke, but a mentality forged by harsh reality—from making a wrong technical move in 1995 that nearly bankrupted the company overnight, to risking half of their cash on a successful tape-out, to launching CUDA with no applause as the company’s market cap fell from $12 billion to $2 billion, and even investing billions into DGX1 only to receive zero orders. Each time, they were just one step away from shutting down, which led him to adopt a "fear-driven" pace. Even now, with NVIDIA's market cap exceeding a trillion dollars, he still pushes forward with the same mindset.
Overwhelming pressure in the early days of the startup, anxiety so intense it felt like the world was spinning
Jensen Huang spoke about NVIDIA’s early days, describing that period as being weighed down by uncertainty almost every single day.

Inversion founder Santiago Santos and Dragonfly managing partner Haseeb Qureshi recently got into a heated argument on X regarding L1 valuations. The former bluntly claimed, "Most L1s are severely overvalued, and ETH may never return to its ATH," while the latter fired back, "These aren't companies, they're nation-level infrastructure—you are underestimating long-term exponential growth."
Now, the two have participated in a live debate lasting over an hour, moderated by crypto KOL Threadguy, delivering an intense and in-depth exchange on the topic of "How should L1s actually be priced?"
L1 Value Bubble? Santiago: Valuations are out of touch with reality, demand isn't there
Before the debate even began, Santiago got straight to the point: "In the past ten years, over a hundred

U.S. Treasury Secretary Bessent (Scott Bessent) discussed the Taiwan issue at the New York Times DealBook Summit (DealBook Summit), focusing on topics ranging from the possibility of defending Taiwan to risks in the semiconductor supply chain. He declined to answer hypothetical questions about military issues and emphasized that U.S.-Taiwan relations "have not changed." At the same time, he pointed out that any disruption to Taiwan's chip industry would be the world's biggest risk, and the U.S. de-risking policy does not mean diminishing Taiwan's importance.
Bessent still unwilling to state whether the U.S. would come to Taiwan's defense if China attacks
The host pointed out that Taiwan has significantly increased its defense spending in recent years, mainly due to concerns about possible military action by China, and directly asked Bessent:
"If China invades Taiwan, will the United States intervene?"
Bessent clearly refused to answer such a hypothetical question, adding that the media loves to use words like "possible" to stir up emotions and imagination, but he does not

On-chain data firm CryptoQuant believes that MicroStrategy's recent establishment of a $1.44 billion cash reserve indicates the company has entered defense mode, signaling that Bitcoin is shifting towards a bear market. As buying slows, analysts estimate that Bitcoin may trade in the $55,000 to $70,000 range over the next year. However, CEO Ki Young Ju emphasized that this downturn will not repeat the massive crash of 2022.
Is MicroStrategy switching from offense to defense? CryptoQuant: Establishing a USD reserve signals market downturn
A few days ago, MicroStrategy announced the establishment of a $1.44 billion USD reserve to pay preferred share dividends and debt interest.
CryptoQuant pointed out that this means the company is taking a more conservative outlook on the future market, no longer relying on continuous stock issuance to purchase Bitcoin, but instead prioritizing securing one to