On January 5th, the first national bond auction of 2026 was held. On that day, the South Korean bond market's government bond yields rose across the board in the morning, but in the afternoon, due to foreign investors' buy-in and capital inflows, some of the gains were recovered, and the market closed higher. As the first bond issuance of the year, this day attracted the attention of bond market participants. A 28 trillion won (KRW) 2-year government bond auction was conducted on that day. During the bidding process, demand for short-term bonds was relatively weak, with the 2-year yield rising 3.9 basis points (1 basis point = 0.01 percentage points) from the previous trading day, closing at 2.831%. This was the largest increase among major maturity bonds. Conversely, the 3-year yield fell 0.2 basis points, closing at 2.933%, showing mixed movements within short-term bonds. The 10-year government bond yield rose 1.0 basis point to 3.396%; the 5-year yield was 3.249% (up 1.0 basis point); the 20-year yield was 3.373%.

Zero Knowledge Proof (ZKP) is a crypto project built around privacy, fairness, and proof instead of trust. In simple terms, it allows people to prove something is true without sharing private data. This matters in a world where

Logan Paul confirms the auction of a Pikachu illustrator card (the only PSA 10 worldwide) in early 2026, triggering bets in the Polymarket prediction market. The probability of the auction exceeding $4 million is 91%, while the chance of surpassing $10 million drops sharply. The auction not only tests the valuation of collectibles but also involves disputes between Paul and Liquid Marketplace, with users claiming they cannot withdraw funds.

A Ming Dynasty masterpiece originally belonging to the public collection, flowing from the museum storage to the auction house, unexpectedly reveals the long-standing systemic loopholes and trust crises within China's cultural and museum system. The controversy at Nanjing Museum is not just a case of missing cultural relics, but a collective interrogation about transparency, power, and public responsibility. (Background recap: The other side of the US AI boom: giving Chinese Bitcoin miners "jobs") (Additional context: China's authorities have for the first time commented on stablecoins, marking the end of the gray era of StableCoin) Table of Contents From Auction House to Storage: A Reversed Cultural Asset Flow Escalating Allegations: Systemic Issues Surface "Collective Closure" Rumors: The Spillover Effects of Trust Crisis Systemic Reflection: From Planned Economy to Modern Governance Technical Insights: Can Blockchain Become the Infrastructure of Trust? Conclusion Recently,

Author: Amin Ayan & Vanessa Perdomo Editor: Tim, PANews The world's most expensive Pokémon card will once again go on the auction block. Social media influencer and WWE star Logan Paul recently announced that he will sell his collection of rare Pokémon cards. He explained that the current Pokémon collectibles market is very hot, which will provide a good "appreciation opportunity" for this collection. Logan Paul has been active on social media for a long time and has publicly expressed a strong interest in rare Pokémon cards multiple times. His status as a collector is well known. He and his brother Jake Paul rose to fame early on through Vine and YouTube platforms, and later ventured into boxing, wrestling, and entertainment. Notably, Jake

The Berachain liquid staking protocol Infrared has announced its roadmap for 2026, launching the IR rewards vault and supporting the USDT0-IR and IR-WBERA trading pair staking. In January next year, native IR staking will be introduced, allowing users to stake IR in exchange for sIR and earn returns through protocol revenue buybacks. A Dutch auction system will be launched in Q1, enabling third-party protocols to use IR to bid for BGT emission rights.

World Liberty Financial (WLFI) community recently launched a key governance proposal, planning to utilize unlocked treasury funds to incentivize the adoption of its stablecoin USD1, aiming to accelerate ecosystem expansion. Fundamental positive signals are frequent: the project team has used USD1 to complete a $10 million WLFI token buyback in the past 3 weeks and has listed core trading pairs on mainstream CEXs. Meanwhile, technical analysis shows that WLFI's price has completed a classic market auction theory rotation and found support near the value zone low coinciding with Fibonacci key retracement levels, suggesting selling pressure may be waning. The resonance between fundamental catalysts and technical bottoming signals provides a new perspective for WLFI's future trajectory.

The Sustainable Bitcoin Protocol has completed the inaugural auction of its SBP token on Coinbase’s institutional platform, Project Diamond. The transaction was executed within the Abu Dhabi Global Market RegLab, the jurisdiction’s regulatory sandbox for financial technology innovation. The auction

The token sale market in the 2026 era will undergo significant changes, from continuous liquidation auction mechanisms, exchange-integrated launch platforms, to capability-based allocation systems. Institutional-level sales and community-first models will each serve different market needs, and compliance will become a competitive barrier. This article is adapted from an article by Stacy Muur, organized, translated, and written by Deep Tide TechFlow. (Background recap: Why are ICOs regaining dominance in on-chain fundraising? The three fundamental reasons they outperform airdrops.) (Additional background: Bitwise Investment Chief: Compliant ICOs will be the core narrative of 2026, and the "Fourth Pillar" of cryptocurrency disrupting traditional finance.) In 2026, token sale analysis has become one of my key focuses. Last year, I launched the Muur Score—a protocol used to evaluate token generation events (TGE) in the pre-stage.

Fully homomorphic crypto (FHE) track privacy chain Octra has announced that it will launch an ICO on Sonar with a fully diluted valuation of $2 billion (FDV), selling 10% of its tokens and raising $2,000. However, there is still fierce discussion about whether its valuation and fundraising pace are sufficient to benchmark with the current track leader Zama. At the same time, Zama will also hold a token auction in January next year, and the two are competing on the same stage, and it is difficult to keep their wallets. Sonar launches another ICO: Octra raises $20 million in $2000 in FDV Octra announced that it will be backed by Finality Capital, Big Brain Holdings, and Cogitent

The token sale of Aztec Network, an Ethereum Layer 2 (L2) developer focused on privacy protection, concluded on December 6, raising approximately 19,476 ETH (around $61 million) from 16,741 participants. The project stated that half of the committed funds came from community members rather than institutional investors, marking a shift in the token issuance model from being insider-led to community-first.

The privacy-focused Ethereum L2, Aztec Network, completed its token public sale on December 6, utilizing a newly designed "Continuous Clearing Auction (CCA)" protocol co-developed with Uniswap Labs. The sale raised over 19,400 ETH (approximately $61 million) from more than 16,000 participants. Aztec emphasized that this fundraising marks a significant shift in token issuance from being "insider-led" to "community-first," and will be a key step toward realizing its vision of building a privacy world computer. Aztec raises 19,400 ETH, community-led token allocation Aztec Network held its public sale from December 2 to 6

In this episode of the WuShuo podcast, Zama’s CEO Rand Hindi delves into the disruptive potential of Fully Homomorphic Encryption (FHE) in the blockchain space. He emphasizes that FHE will provide a crucial balance between privacy protection and scalability. Zama’s protocol adds a native layer of privacy to existing public chains like Ethereum and Solana, enabling truly encrypted and usable on-chain transactions. Rand also explains why FHE stands out among privacy technologies—compared to zero-knowledge proofs (ZK) or multi-party computation (MPC), FHE is better suited to support composable confidential token transfers and DeFi operations. In addition, he shares Zama’s latest technological advancements and announces the upcoming confidential token auction. Audio transcription by GPT

The publicly listed financial institution Huaxia Bank, which is related to the Chinese government, has issued 4.5 billion yuan (600 million USD) in tokenized bonds, aiming to reduce settlement friction by removing intermediaries from the auction process. This on-chain government bond is issued by Huaxia Financial Leasing Company, a subsidiary of Huaxia Bank. The RMB bond offers holders a three-year fixed yield of 1.84%, and the bond shares are auctioned exclusively to holders of China's digital yuan.

Hua Xia Bank issued 4.5 billion yuan in tokenized bonds to enhance efficiency by eliminating intermediaries in the auction process. The bonds yield 1.84% and are exclusively available to digital yuan holders. Meanwhile, China’s approach to stablecoins and cryptocurrencies remains inconsistent, with fluctuating regulations impacting development.

Abu Dhabi, UAE — December 2, 2025 — Bitcoin MENA 2025 will place cultural preservation, artistic collaboration, and educational impact at the forefront of this year’s program with the exhibition and auction of the History of Bitcoin First Edition: a museum-grade, one-of-one fine-art book that has ra

The 10-year Japanese government bond auction has successfully concluded, but interest rate hikes and fiscal stimulus are pushing the Japanese bond market towards a new normal of dramatic fluctuations (Background: Rich Dad: Japan's 30-year "spread trading ends" epic bubble is coming, I will teach you ten tips for survival) (Additional background: A Japanese netizen's father passed away, and the "Bitcoin inheritance" is worth 100 million yen, and he needs to pay 62 million yen in taxes?) On Tuesday afternoon in Tokyo, the 10-year Japanese government bonds were successfully traded amid the market's initial concerns about selling pressure, with bid multiples rebounding and tail spreads narrowing, temporarily suppressing the flames of yields soaring to a new 17-year high. However, the real storm is about to arrive: In two weeks, it is almost certain that Bank of Japan Governor Kazuo Ueda will initiate the first interest rate hike since 2007, while Prime Minister Fumio Kishida is simultaneously presenting a 21 trillion yen stimulus plan. The world's third-largest bond market is reassessing prices, and both Wall Street and Silicon Valley are feeling the liquidity gates slowly closing. The auction held firm, and short positions temporarily retreated. This time.

Zama introduces a sealed-bid Dutch auction for its $ZAMA tokens, utilizing Fully Homomorphic Encryption (FHE) to ensure privacy and fair pricing. Tokens unlock on January 20 for staking or fees. Users convert stablecoins to confidential ERC-7984 tokens for flexibility and privacy in transactions.

According to Mars Finance, Binance Spot data shows significant market fluctuations. PHA has fallen by 10.72% in the last 24 hours, while DUSK has risen by 5.76% and reached a new high today. At the same time, TUT is in a "pullback" state, with a 24-hour decline of 14.22%. The other tokens RUNE, SAND, XVG, AUCTION, JOE, and GLM have all reached new lows today, with declines of 6.27%, 5.89%, 8.77%, 10.14%, 9.32%, and 11.23%, respectively.

Market momentum is beginning to shift again, and traders are watching closely for the top crypto to buy before the next round of movement. Dogecoin’s latest price prediction highlights a tightening wedge structure that could trigger a breakout, while Stellar’s (XLM) price continues to slip under a s

The market conversation around the top crypto coins is shifting quickly as traders chase real activity rather than passive speculation. Zero Knowledge Proof (ZKP) has risen to the front of the discussion due to its newly-launched presale auction and operational Proof Pods, both of which provide a re

AI Discoveries Today 1. The Trump administration released a new AI regulatory framework, sparking industry discussion 2. OpenAI released GPT-4, with significantly improved performance, causing a buzz 3. DeepMind's latest AI model achieved a breakthrough in the field of mathematics 4. AI art pieces set new records at auction

Monad blockchain's MON token began trading for the first time on November 24, but early market activity was lukewarm. MON traded at around $0.02417 after its debut, below the $0.025 token sale price, with a trading volume of about $50 million, which is moderate to low. Unlike the recently fast-selling Plasma, Monad's public auction took longer to complete, indicating weaker investor interest.

Zero Knowledge Proof (ZKP) has opened its whitelist, drawing strong attention from analysts and traders who follow upcoming 100x crypto presales in the current market. The project presents the Initial Coin Auction as a new structure for token launches where real market activity guides pricing

This article uses the example of USDe plummeting to $0.65 on CEX, while the on-chain price is 0.99, to analyze the localized liquidation cascading risks caused by liquidity isolation in the crypto market, and reveals the destructive power of indiscriminate liquidations by liquidation bots and the bottlenecks of deposit and withdrawal channels in a liquidity vacuum. This article proposes a circuit breaker mechanism algorithm based on composite quantitative indicators, utilizing price deviation, order depth, and large-scale liquidation exposure as triggering reference conditions. The circuit breaker mechanism aims to provide the market with an adjustment window of n minutes, allowing market makers to overcome operational frictions such as large withdrawals/deposits and on-chain congestion, injecting external liquidity. Ultimately, trading is restarted through an orderly collective auction to prevent the vicious cycle of liquidation, ensuring market structure stability and alleviating and reducing the misfortune of positions that do not need to be liquidated. 1. The fragmented structure of liquidity in the crypto market 1.1. Crypto Market Liquidity Map

Author | Shisi Jun Preface Recently, the industry's excitement has shifted due to the emergence of the X402 payment track, as well as the panic caused by Black Monday, Tuesday, Wednesday, Thursday, and Friday, along with the rotation of the privacy sector related to the bull market myth. This world is truly wonderful, and also too noisy. Right now, the bear market is fine, after all, a common mistake made by smart people is to strive to optimize something that shouldn't exist (from Musk). Now, calm down and review the brilliance of past successful products, observe which players in the competition are engaging in ineffective operations, and identify which are the pigs on the windfall. When the wind stops, we can truly see the long-term value of the future. If asked, what are the representative track trends this year? My first choice is Dex. It has been 4 years since the summer of DeFi, and there have been several typical products over the course of 25 years, which have gained significant attention from concept to market. The most fascinating aspect of this track is that,

According to a report from Mars Finance on November 17, Brevis has released the ProverNet White Paper, proposing a decentralized market mechanism for zk-SNARKs generation, utilizing a Truthful Online Double Auction to achieve efficient matching between diversified computational tasks and dedicated proof hardware. ProverNet addresses the core pain points of existing proof infrastructure based on collaborative experiences in projects like PancakeSwap, Uniswap, Euler, Linea, and MetaMask. It is reported that ProverNet will run on the dedicated rollup Brevis Chain, with plans to officially launch by the end of 2025. Brevis stated that this mechanism will promote zero-knowledge.

This week, Circle reported a substantial 66% revenue growth, beating third-quarter expectations due to higher reserve income and rising USDC circulation. Uniswap announced the launch of the game-changing Continuous Clearing Auction Protocol. The new protocol is designed for price discovery and

Written by: 1912212.eth, Foresight News On November 13, the zero-knowledge privacy technology project Aztec announced the launch of the AZTEC token sale, with a total of 1.547 billion tokens available, accounting for 14.95% of the total supply, and the payment token being ETH. Regarding the sales mechanism, the project stated that it would prioritize real-time price discovery and fair participation opportunities. The starting price is set at $350 million FDV, which is approximately 75% lower than the implied network valuation based on the latest equity financing. Participants can mint soul-bound NFTs to confirm their participation status. Registration and bidding for early participants will begin today (November 13) at 3 PM (CET). Early participants will have one day of exclusive early access before bidding opens to the public. On December 1, AZTEC

Mars Finance reported that the market has shown significant fluctuations recently, with LTC rising 29.12% to reach a new monthly high, and GAS rising 5.88%. 1INCH and AUCTION have seen a decline, falling 10.47% and 5.1% respectively. BAT, RAY, UNI, and ZEN have rebounded, rising 7.25%, 5.26%, 5.74%, and 29.12% respectively, while ICX has risen 5.33% to reach a new high for today.

In a space filled with unfinished ideas and constant delays, Zero Knowledge Proof (ZKP) takes a different path. Long before any sale begins, the team completed a full ecosystem: a four-layer blockchain, a running compute network, and fully made Proof Pods prepared for shipment within five days

Uniswap has unveiled Continuous Clearing Auctions, a potential game-changer in decentralized finance (DeFi). The protocol is designed for price discovery and liquidity bootstrapping of pools on Uniswap v4 The new protocol will offer a seamless experience for traders and projects, and tackle

Zero Knowledge Proof (ZKP) has officially opened its whitelist, inviting participants to join what it describes as the world’s first Initial Coin Auction (ICA). This approach introduces a daily auction system where the market decides the token price rather than the project team Each day, 200

Uniswap has launched a new mechanism intended to reshape how early-stage token markets form onchain and how value is captured across decentralized finance. On Thursday, the decentralized exchange revealed its Continuous Clearing Auctions (CCA) model, a permissionless system that enables

Zero Knowledge Proof (ZKP) has opened its whitelist, drawing attention from analysts reviewing presale crypto projects and 100x crypto presales. The project introduces the world’s first Initial Coin Auction (ICA), a model that lets the market decide token prices through open participation. Each

Uniswap Labs has unveiled the Continuous Clearing Auction (CCA) protocol, a groundbreaking mechanism for transparent on-chain price discovery and liquidity bootstrapping for new tokens on Uniswap v4.

Uniswap Labs has launched the Continuous Clearing Auction protocol (CCA), aimed at helping new tokens establish fair market prices. The protocol is jointly designed by Uniswap and Aztec Network, supporting transparent auctions and fair price discovery to prevent market manipulation. Aztec becomes the first project to use this protocol, with a public sale scheduled for December, and CCA may set a new benchmark for Decentralized Finance issuance.

Uniswap and Aztec's "Continuous Clearing Auction" (CCA) aims to address the pricing and liquidity initiation issues of new assets. CCA provides a flexible auction framework that allows initiators to set rules, with participants able to bid in real-time and the system automatically clearing. This mechanism combines the liquidity onboarding features of Uniswap v4 with Aztec's compliance tool ZKPassport, ensuring participant privacy. At the same time, CCA focuses not only on price discovery but also on smoothly initiating liquidity.

Uniswap Labs has partnered with the privacy protocol Aztec Network to launch a new protocol called "Continuous Clearing Auction (CCA)" aimed at enhancing the efficiency of token price discovery while improving liquidity guidance. This protocol is specifically designed for Uniswap v4 and is expected to become a new standard for token issuance and liquidity activation. Transparent and decentralized price discovery mechanisms replace traditional methods. The CCA protocol adopts a more refined mechanism compared to existing airdrops, Dutch auctions, or fixed-price sales. The auction will be divided into multiple rounds, with token issuance distributed in phases, effectively reducing common issues such as drastic price fluctuations and front-running, while enhancing overall fairness and market transparency. Uniswap Official Blog