Kategorie: Crypto Markets

• Seventy-six governments have pledged to share crypto data under CARF.
• Fifty-three countries have signed the agreement enabling automatic exchange.
• Switzerland delayed its timeline while the US continues its internal review.

Hong Kong has launched a public consultation on how it plans to introduce the international Crypto Asset Reporting Framework, known as CARF, as governments worldwide reshape their tax reporting systems for digital assets.

The consultation, announced on Tuesday, aims to gather feedback on both the technical rollout of CARF and related updates to local tax reporting rules.

It forms part of Hong Kong’s broader effort to align its crypto oversight with global transparency standards as authorities continue working to prevent cross border tax evasion.

The move builds on the city’s existing practice of exchanging financial account information with partner jurisdictions every year since 2018, rather than signalling a change in direction.

The consultation also invites feedback on potential transitional arrangements that could help reporting entities adjust to new requirements without disrupting existing compliance systems.

It reflects the government’s intent to manage industry adaptation smoothly while maintaining alignment with evolving international expectations for transparent digital asset reporting across interconnected financial markets globally today.

Hong Kong widens its regulatory review

The consultation examines how CARF would operate alongside the Common Reporting Standard, another Organisation for Economic Co-operation and Development initiative that shapes international tax reporting.

By reviewing the two frameworks together, Hong Kong seeks to integrate crypto data sharing into established financial reporting systems.

The process reflects growing coordination between jurisdictions as they adapt policy tools to match the expansion of digital asset markets.

Global momentum influences the process

CARF has been gaining traction around the world. In early November, 47 governments issued a joint pledge to adopt the framework at pace. Brazil has also been reported to be considering participation in the programme.

Other jurisdictions are moving more slowly. Switzerland postponed its own implementation until 2027 and is still assessing which countries it will exchange data with.

In the same month, the US reviewed an Internal Revenue Service proposal linked to joining CARF. Even with varied timelines, participation continues to rise.

More jurisdictions commit to adoption

According to an OECD list updated on Dec. 4, 48 nations intend to adopt CARF by 2027 and another 27 by 2028, while the US has identified 2029 as its target year. This brings the total number of countries pledging to share crypto data to 76.

A separate OECD list confirms that 53 countries have already signed the Multilateral Competent Authority Agreement, the legal foundation for automatic information exchange. These commitments signal widening global support for unified reporting standards.

Cayman Islands activity draws attention

Recent figures show a 70% annual increase in Cayman Islands foundation company registrations.

Legal professionals at Walkers noted that CARF likely excludes structures that solely hold crypto assets, including protocol treasuries, investment funds, or passive foundations.

This has raised questions about how certain entities may sit outside the data sharing perimeter as reporting rules continue to develop internationally.

The post Hong Kong launches crypto consultation as worldwide reporting rules evolve appeared first on CoinJournal.

• Dogecoin price was down 1.5% and changed hands near $0.14.
• The top memecoin token risks bearish momentum as the broader market shows weakness.
• DOGE below $0.10 could risk a revisit of $0.05.

Dogecoin (DOGE) tested support at the $0.14 level on Tuesday as the memecoin pared some of its recent gains. While losses on the day are limited, the dip over the past month sees DOGE flirt with the risk of bearish continuation.

Bullish investors may see further downside risks as an opportunity to buy, though, with the meme-inspired token likely to ride broader market tailwinds for an uptick.

Dogecoin price today

The price of Dogecoin as of writing on December 9, 2025, hovered near $0.14. Bulls are down about 1.5% over the past 24 hours.

Although DOGE has bounced off lows of $0.138 on the day, it still prints a sharp 19% drop in the past month. Declines have left its market capitalization standing at around $22.8 billion.

Meanwhile, the token, ranked ninth among the largest cryptocurrencies, has seen a 17% dip in  daily trading volume to about $1.08 billion.

Dogecoin’s volume signals decreased investor activity, though, with price capped on the upside amid the turmoil that also sees top coins toil under pressure.

For instance, Bitcoin touched $92k but has quickly retreated to the $90k mark.

Analysts expect BTC to bounce amid key macroeconomic tailwinds and DOGE could follow.

Despite a fragile sentiment, the memecoin has seen key developments in recent weeks to suggest a spark could ignite a major rally.

The launch of DOGE perpetual futures pairs opens up the market for traders. Meanwhile, the buzz around Dogecoin exchange-traded funds (ETFs) continues.

Even without outflows for Bitcoin and Ethereum, the hype remains as multiple spot crypto ETFs launch in the US.

Dogecoin price forecast

The Crypto Fear and Greed Index hovers at 25, signalling extreme fear. Most altcoins trade in this territory due to investor caution.

However, amid an anticipated US Federal Reserve rate cut decision this week, sentiment is not overly negative.

Dogecoin’s trajectory will thus take on an ominous outlook if bulls fail to keep bears off at the current price level of $0.14.

If sellers knock buyers off this perch, a move in the negative direction will strengthen.

Technical indicators paint this gloom. As can be seen on the chart below, the token has recently shattered the pivotal support zone established in March and June 2025.

This has come as DOGE accelerated losses following the breach of the 50-week exponential moving average.

A downward channel is in place, with the Relative Strength Index (RSI) and Stochastic RSI both flashing signals of increased bullish exhaustion.

Should DOGE fracture the $0.10 mark, the loss of this historical inflection point will add to bearish pressure. Dogecoin’s next major support levels are in the $0.05 zone.

The post Dogecoin drops to $0.14 as bears gain control: is a bigger crash coming? appeared first on CoinJournal.

• Libeara developed the fund with FundBridge Capital for Singapore’s market.
• Standard Chartered is expanding digital-asset activity through SC Ventures.
• A separate physically backed gold fund was recently launched in Singapore.

Institutional investors in Singapore are being offered a new digital route into gold exposure as Standard Chartered broadens its presence in tokenised assets through Libeara’s MG 999 fund.

The product arrives during a period of rising demand for safe-haven assets, shaped by geopolitical tension, shifting currency expectations, and tariff moves under President Donald Trump.

The fund blends a synthetic link to gold prices with a lending feature designed for jewellery retailers in the city-state.

With interest in real-world asset tokenisation growing across global markets, MG 999 reflects how traditional financial groups are testing new digital structures without altering core investment themes.

The approach broadens investor access while encouraging further experimentation across evolving digital asset markets globally.

Tokenised access

Libeara developed the MG 999 fund with FundBridge Capital to give professional investors exposure to gold in the form of blockchain-based tokens.

Each token is designed to track the spot price of gold on Libeara’s ledger.

The fund removes the need for vaulting or transport but still aims to reflect market performance, creating a synthetic alternative to physical bullion.

FundBridge has described the structure as a way to connect regulated fund design with digital systems while keeping governance at the level expected for institutional products.

Institutional shift

The fund is open only to institutional and accredited investors. MG 999 is different from physical gold funds because it does not store metal.

Instead, it uses a token mechanism engineered to mirror market movement.

Standard Chartered’s involvement fits into broader expansion in Asia through SC Ventures, which also holds majority stakes in Zodia Custody and Zodia Markets.

These platforms focus on institutional digital-asset access, strengthening the bank’s position in real-world asset tokenisation as the sector gains momentum across treasuries, bonds, funds, and commodities.

Global demand conditions

The launch comes at a time when central banks have been increasing gold reserves. Market watchers have linked this trend to concerns about the long-term role of the US dollar and a backdrop of geopolitical uncertainty.

Experts have also cited Trump’s tariff policies as a driver of interest in safe-haven assets.

Last month, Standard Chartered joined other firms in launching a physically backed gold product in Singapore.

In that fund, the bank acts as custodian for bullion stored at the Le Freeport facility near Changi Airport. That offering targets investors wanting allocated metal rather than tokenised exposure.

Jewellery market lending

MG 999 also includes a lending element tied to Singapore’s jewellery sector.

Mustafa Gold has been named as the first borrower. The structure lets the retailer use its jewellery inventory as collateral while keeping the pieces available for customers.

Libeara and FundBridge say this design shows how tokenisation can connect investment products with working-capital needs in traditional retail markets, expanding digital use cases beyond asset tracking alone.

The post Standard Chartered expands into tokenised gold with Libeara in Singapore appeared first on CoinJournal.

• Recent research shows Polymarket trades are double-counted on most public dashboards.
• The issue stems from redundant maker-taker events in smart contracts.
• According to the allegations, the actual volumes are roughly half of what dashboards report.

Polymarket, the prominent prediction market platform, is facing scrutiny after research by Storm Slivkoff suggested that the platform’s reported trading volumes may be systematically inflated across most public analytics dashboards.

The controversy has drawn attention from industry experts, data analysts, and market participants, raising questions about how trading activity is measured and reported in decentralised prediction markets.

Polymarket gives separate OrderFilled events for makers and takers

The research by Storm Slivkoff, a partner at Paradigm, which was later highlighted by Paradigm co-founder Matt Huang, has identified a technical discrepancy in Polymarket’s on-chain smart contract data.

According to Slivkoff, the platform emits separate OrderFilled events for both the maker and taker sides of each trade.

While each event is individually accurate, most public dashboards aggregate all events indiscriminately, effectively counting the same trade twice.

found a pretty major data bug

it turns out almost every major dashboard has been double-counting Polymarket volume (not related to wash trading)

this is because Polymarket’s onchain data contains redundant representations of each trade. receipts ⬇️⬇️ pic.twitter.com/rQJEzs2Rfl

— storm (@notnotstorm) December 8, 2025

A simple transaction demonstrates the problem. One trade of YES tokens for $4.13 generated two identical events for the same amount, which dashboards then summed to report $8.26 in trading volume.

Slivkoff noted that this bug affects both notional volume (the number of contracts traded) and cashflow volume (the dollar value exchanged), thereby inflating every trade’s representation.

Notably, the error is unrelated to wash trading and results purely from the way Polymarket’s contracts emit data.

Polymarket refutes the volume double-counting claims

Polymarket’s internal team quickly pushed back against the allegations, asserting that the official site reports taker-side volume without double-counting, in line with standard industry practices.

The platform has emphasised that the issue primarily impacts third-party dashboards, which rely on raw event data from smart contracts without implementing corrections for redundant entries.

Notably, several major data providers, including DefiLlama, Allium Labs, and Blockworks, have confirmed they are updating their dashboards to account for the discrepancy.

Some data providers have, however, defended current methodologies, noting that more sophisticated dashboards had accounted for the distinction since 2024 but had not formally documented their approach.

Other data providers have criticised Paradigm for potential bias, as the firm holds investments in Kalshi, a competing US-based prediction market.

The broader market implications

Beyond the immediate question of reported volume, the controversy underscores broader challenges in accurately measuring activity on prediction market platforms.

Low-priced contracts can create disproportionately large notional volumes relative to actual capital at risk, making traditional volume metrics potentially misleading.

Experts have suggested that metrics such as open interest and fee revenue may offer a clearer picture of platform activity.

The timing of the revelation is also notable, coinciding with Polymarket’s plans for a full US relaunch following CFTC regulatory approval and an anticipated valuation of $12 billion to $15 billion.

The platform is also exploring an internal market-making operation that could trade against customers, raising further scrutiny and comparison to competitors like Kalshi.

The post Polymarket accused of alleged double-counted volume in most public data appeared first on CoinJournal.

• BONK may integrate with dYdX, sharing 50% of protocol fees.
• The integration aims to boost retail trader volume from Solana.
• The recent dYdX fee distribution update increased staking and buyback incentives.

dYdX, the decentralised crypto trading platform, is currently evaluating a proposal to formally integrate BONK as an official partner under its Partner Revenue Share Program.

dYdX governance is considering a new proposal to approve @bonk_inu as an official dYdX integration partner under the Partner Revenue Share Program.

The proposal outlines a dedicated BONK-powered frontend routing orders to the dYdX Chain, with 50% of the protocol’s fee revenue… pic.twitter.com/hPTAVPrQoS

— dYdX Foundation (@dydxfoundation) December 8, 2025

The proposal aims to bring one of Solana’s largest retail ecosystems onto the dYdX Chain, potentially increasing order flow, expanding the protocol’s reach, and providing significant incentives to both the community and stakers.

BONK integration could boost dYdX growth

The proposal outlines that BONK would launch a dedicated, BONK-branded frontend for routing trades to the dYdX Chain.

Through this setup, BONK would receive 50% of the protocol fees generated by users attributed to its frontend or order router.

dYdX governance emphasised that this approach aligns incentives for both the protocol and its partner, ensuring that revenue is shared proportionally to the flow generated.

BONK’s retail ecosystem is known for its active user base, making it a valuable distribution channel for dYdX.

According to the proposal, the integration would provide Solana traders with a trusted, non-custodial trading platform while also expanding the protocol’s exposure throughout the Solana ecosystem.

dYdX believes that the partnership could significantly increase the number of new retail takers and stimulate engagement among existing users.

The motivation for this partnership aligns with the broader strategy outlined in dYdX’s Q4 roadmap, which seeks to deepen liquidity, enhance collaboration, and foster community-driven growth.

By granting governance-approved partners a share of protocol fees, dYdX aims to incentivise meaningful contributions from integrations that bring tangible trading activity to the platform.

The revised dYdX fee distribution

In October, dYdX revised its fee distribution to maximise buy pressure and staking rewards.

Previously, fees were allocated across stakers, the Buyback Program, Megavault, and Treasury SubDAO.

The updated model now allocates 50% each to stakers and buybacks, removing allocations to Megavault and Treasury SubDAO.

dYdX cited that the Treasury SubDAO already holds over 60 million DYDX tokens, making the former allocations less critical.

The integration with BONK complements this strategy by funnelling more activity into the protocol, which in turn increases buy pressure and staking incentives.

dYdX claims this could create a positive feedback loop, enhancing both token value and community participation.

And notably, this BONK proposal follows similar initiatives from other partners.

dYdX governance recently approved integration proposals from CCXT, Foxify, and CoinRoutes, all structured to capture 50% of the protocol fees from attributed order flow.

These partnerships demonstrate the platform’s commitment to broadening its ecosystem while ensuring that partner incentives are closely tied to the value they bring.

CCXT, for instance, allows users to route orders to dYdX with minimal friction, while Foxify integrates dYdX Chain directly into its prop trading platform for funded and unfunded accounts.

CoinRoutes, on the other hand, provides professional and institutional traders with access to deep liquidity.

Like BONK, these partners aim to expand user adoption while generating revenue aligned with protocol growth.

If no major objections arise, BONK intends to submit the on-chain governance proposal for a vote on December 11, 2025.

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