Morning Brief | Nasdaq NCT announces strategic acquisition of Starks Network; AllScale completes $5 million seed round financing; WET token public sale shares sold out instantly again

AllScale completes $5 million seed round led by YZi Labs

Robinhood to enter Indonesian market through acquisition of brokerage and crypto trading platform

ChainCatcher reports, citing Reuters, that Robinhood said in a blog post on Sunday that it will acquire Indonesian brokerage Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform’s official entry into one of Southeast Asia’s major crypto hubs.

Indonesia has more than 19 million capital market investors and 17 million crypto traders, highlighting its appeal in stock and digital asset trading. Acquiring a brokerage helps companies meet regulatory requirements and establish a business foothold, making it easier to enter new markets; acquiring a licensed digital asset trader accelerates access to crypto products. Robinhood did not disclose the financial terms of the transaction, which is expected to be completed in the first half of 2026. The company said the major shareholder of both Indonesian companies, Pieter Tanuri, will continue to serve as Robinhood’s strategic advisor.

Securitize CEO: Digital asset liquidity is insufficient, the most successful tokenized asset is the US dollar

ChainCatcher reports, citing Decrypt, that Securitize co-founder and CEO Carlos Domingo said accessibility is not the only factor driving the wave of tokenized assets. It was once thought that tokenization could make illiquid assets liquid, but this is not the case. Whether it’s equity in an apartment building or tokenized Pokémon cards, digital assets inherit the illiquidity of their physical counterparts.

Domingo also said that as tokenization technology develops, this dynamic may eventually change, but in the meantime, people are mainly focused on assets that can enhance existing liquidity, namely cash and US Treasuries. We have moved in the opposite direction of illiquid markets; arguably, the most successful tokenized asset is actually the US dollar, as evidenced by the growth of stablecoins.

Trump releases national security strategy, does not mention cryptocurrency or blockchain

ChainCatcher reports that Trump released a national security strategy on Friday outlining his administration’s priorities, noting that America’s “core, vital national interests” revolve around artificial intelligence and quantum computing.

“We want to ensure that America’s technology and standards—especially in artificial intelligence, biotechnology, and quantum computing—drive the world forward.”

CZ comments on Xue Manzi’s recollection of Binance: No in-depth conversation with He Yi at first meeting, let alone “10 hours”

ChainCatcher reports, investor Xue Manzi posted on X recalling Binance’s development history, mentioning that “in June 2014, CZ met He Yi (then OKCoin co-founder and head of marketing) for the first time at a blockchain sharing event in Shanghai. It is said that the two talked for 10 hours, discussing everything from bitcoin philosophy to exchange operations, and He Yi invited CZ to join OKCoin Global as CTO.”

In response, CZ commented that (in the article) “many details are inaccurate, I won’t go into them one by one. The first time I met He Yi, I just said hello and didn’t chat, let alone for 10 hours.”

Fidelity CEO: Wall Street will be “forced” to adopt blockchain technology

ChainCatcher reports, citing DLnews, Fidelity Investments CEO Abigail Johnson bluntly stated that the traditional financial system is built on a complex network of “primitive technology” reconciliation processes, which is really a bit scary. She pointed out that although blockchain will eventually replace the existing system, the transition will not be smooth and will require competitive pressure and regulatory standards to push the industry forward.

Fidelity has been betting on blockchain since 2013, and its bitcoin ETF has reached $20 billion, second only to BlackRock. Johnson admitted to underestimating the time required for the transition, but firmly believes that competition and regulation will eventually force traditional financial institutions to adopt new technology.

Trump’s post contains “$BIG”, market questions whether he is launching another meme coin

ChainCatcher reports, according to Trends News monitoring, Trump posted on Truth Social the day before yesterday, fiercely criticizing the legal troubles facing US college sports (NCAA): a judge with no knowledge or experience ruled, causing the NCAA and sports leagues to lose, and Trump said this would bring “$BIG trouble.” Since the “$” symbol usually represents a tradable asset code on social platforms, the community speculated that Trump might be launching another meme coin.

According to various platform updates, the token with the highest consensus triggered by Trump’s post was created about 10 seconds after his post on the Solana network via the Bonk platform. As of press time, the token has 5,148 holders and a peak market cap of $5.3 million, currently retraced to $360,000.

ChainCatcher reminds users that most meme coins have no real use case and are highly volatile. Please invest with caution.

Bloomberg: DAT company stocks have fallen sharply this year, median drop of 43%

ChainCatcher reports, citing Bloomberg, the stocks of crypto asset treasury (DAT) companies listed in the US and Canada have fallen sharply this year, with a median drop of 43%, and some companies have fallen by more than 99%.

Previously, these companies raised funds to buy bitcoin or other tokens, and their stock prices soared with their holdings, but as token holdings do not generate income and debt interest and dividend burdens increase, investor sentiment has shifted sharply. SharpLink Gaming’s stock has fallen 86% from its peak, Greenlane Holdings has fallen more than 99%, and Trump family-backed Alt5 Sigma has also fallen about 86%. Strategy company’s stock has fallen 38% this year.

Banmuxia: This week’s Fed rate cut will normalize liquidity, and the market will see a broad rally this week or even this month

ChainCatcher reports, Chinese crypto analyst Banmuxia wrote, “This week’s Fed rate cut and balance sheet expansion will normalize tight liquidity. This week will be a broad rally (US stocks, crypto, precious metals, etc.), and even the coming month may be a month of broad rally.”

Banmuxia also quoted his article from November 11, stating, “Starting in December, the Fed will stop shrinking its balance sheet and may begin to expand it. At this time, liquidity will return to normal, similar to October 2019. The real massive liquidity injection will wait until next May when Trump controls the Fed, similar to March 2020.”