Tech Headlines

1. Visa Launches Stablecoin Payment Pilot Program

https://www.jinse.cn/lives/486713.html

According to Jinse Finance, Visa has officially announced the launch of a stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments directly in USDC—issued by Circle—via Visa Direct, enabling instant cross-border settlement. Visa stated that during the pilot phase, businesses in the U.S. can initiate payments using fiat funds, while recipients can choose to receive USDC directly, with funds arriving in just a few minutes. This will bring convenience to users in regions experiencing currency volatility or limited banking access.

2. Sui Public Blockchain Launches Bill-Backed Stablecoin USDsui, Set to Launch Within the Year

https://www.panewslab.com/zh/articles/07b9f63a-2e18-4af8-bb41-0b8a68df50cc

PANews, November 12 — According to the Sui blog, Sui will partner with Bridge (a Stripe company) to launch its native stablecoin USDsui, targeting wallets, DeFi, and application scenarios. USDsui will be compatible with the Bridge ecosystem and interoperable with stablecoins on platforms such as Phantom, Hyperliquid, and MetaMask. Built on Open Issuance, USDsui is positioned for regulatory readiness, cross-border payments, and P2P transfers, and is designed to comply with requirements following the enactment of the GENIUS Act. Related revenue will be used for ecosystem growth and investment. The official statement noted that the on-chain transaction volume of Sui stablecoins totaled approximately $412 billion in August and September, reflecting strong demand and network capacity.

3. Ethereum Foundation: The Account Abstraction Team and Vitalik Jointly Released the "Trustlessness Manifesto" and Placed It On-Chain

https://www.jinse.cn/lives/486846.html

According to Jinse Finance, the Ethereum Foundation posted on X that the Account Abstraction team and Vitalik Buterin have jointly released the "Trustlessness Manifesto" and placed it on-chain. The original intent behind Ethereum’s creation was not to improve financial efficiency, but rather to enable people to collaborate without relying on trusted intermediaries. The manifesto clearly articulates a set of related values, including credible neutrality, self-custody, verifiability, and resistance to “convenient” centralized models.

Industry Dynamics

1. SEC Chair Unveils "Token Classification Framework" Plan to Clearly Distinguish Whether Cryptocurrencies Qualify as Securities

https://www.jinse.cn/lives/486776.html

According to Jinse Finance, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins outlined his crypto "Token Classification Framework" plan, aimed at clearly distinguishing which cryptocurrencies qualify as securities, while the SEC is advancing digital asset regulation in a new manner. Paul Atkins stated that the framework will be grounded in the Howey Test. The Howey Test originates from a 1946 U.S. Supreme Court ruling and is frequently cited by the SEC to determine whether an asset constitutes an investment contract, thereby qualifying it as a security. Paul Atkins added that a cryptocurrency can be part of an investment contract, but that does not mean it will always be one.

2. The U.S. Internal Revenue Service (IRS) Has Issued New Guidance Allowing Crypto ETPs to Stake Digital Assets

https://www.panewslab.com/zh/articles/b3d25fd7-24e6-4735-91d9-53bd656143c4

PANews, November 11 — According to The Block, the U.S. Internal Revenue Service (IRS) has issued new guidance establishing a safe harbor for exchange-traded products (ETPs) staking digital assets. Cryptocurrency supporters say this changes the tax treatment approach in traditional finance. On Monday, U.S. Treasury Secretary Scott Bessent announced the news on X, stating that the guidance provides a clear path for ETPs to stake digital assets and share rewards with retail investors, while also increasing investor returns, driving innovation, and helping the U.S. maintain its leadership in digital assets and blockchain.

3. Former SFC Chairman Anthony Neoh: The Integration of Asset Tokenization and Central Bank Digital Currencies Can Reshape the Market

https://foresightnews.pro/news/detail/89994

Foresight News — According to 21st Century Business Herald, in an exclusive interview, Anthony Neoh, former chairman of the Hong Kong Securities and Futures Commission (SFC), stated that Nasdaq in the United States has already begun piloting tokenized stock trading and using stablecoins (such as USDC) for settlement. He noted that tokens are not a new concept—stocks are essentially a form of token—and if stocks are transformed into digital tokens on a blockchain, all operations can be completed within a single system, enabling instant settlement. By combining asset tokenization with central bank digital currencies (CBDCs), the entire market’s operational model can be reshaped. To build such a new capital market in Hong Kong based on asset tokenization, three key challenges must be addressed: technological infrastructure, regulatory frameworks, and market acceptance.

4. The European Union Proposes to Empower ESMA to Uniformly Supervise All Crypto Activities Within the Region

https://foresightnews.pro/news/detail/90124

Foresight News — According to Bloomberg, the European Commission is proposing to empower the European Securities and Markets Authority (ESMA) with the ability to uniformly supervise and authorize all crypto-asset service providers operating in the EU. The draft indicates that ESMA may delegate tasks to national regulators when necessary. These draft proposals still require approval from the European Parliament and the Council of the European Union. Currently, under the 2023 MiCA rules, crypto-asset service providers only need approval from one member state to operate across the entire EU.

In-Depth Analysis

1. Beyond Polymarket, How Can DeAgent AI Become the Value Hub of the Prediction Market Space?

https://foresightnews.pro/article/detail/91912

Over the past decade, the democratization of information has been accomplished by the internet; in the Web3 and crypto space, value and beliefs are now being tokenized and priced, forming a more verifiable and incentive-compatible form of value democratization. The integration of AI expands the boundaries of prediction—from simple price feeds to more complex judgment and adjudication—giving prediction markets an infrastructural character. Setting aside speculative interpretations, prediction markets serve as the foundational information layer for governance, hedging, and resource allocation. In November 2025, Google will begin integrating market probabilities from Polymarket and Kalshi into Google Finance, marking the entry of prediction data into the public internet layer with access to hundreds of millions of users—a strong industry endorsement and, more importantly, a signal of growing demand.