7:00-12:00 Keywords: Bank of America, Japan, Vitalik

1. Bank of America: Emerging markets may see large capital inflows early next year;

2. Former US Treasury Secretary: Stablecoins will not significantly increase market demand for US bonds;

3. Gemini rose 14.29% on its first day of listing, opening at one point up over 45%;

4. Japan will reduce cryptocurrency tax from a maximum of 55% to 20% in fiscal year 2026;

5. Circle executive: Approximately 90% of USDC's asset reserves are custodied by BlackRock;

6. FF launches Crypto Flywheel spin-off listing, the new company will independently finance and operate;

7. Vitalik: Not recommended to use AI governance, as it can easily lead to the proliferation of jailbreak tools and deceive donation funds.