TON Gains 3.7% as STON.fi DAO Launch and Telegram-Backed AI Platform Brings Demand
December 03, 2025 | coindesk.com
STON.fi, TON's largest DeFi protocol, launched a fully onchain DAO, enabling users to vote on governance decisions and receive tokens representing voting power.

S&P's Tether Downgrade Revives 'De-pegging' Risk Warning, HSBC Says
December 03, 2025 | coindesk.com
The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.

Cardano’s Biggest Players Unite Behind 70M ADA Push to Spark On-Chain Growth
December 03, 2025 | coindesk.com
Funds will be allocated to developing stablecoins, credible oracle feeds, cross-chain bridges, custody integrations, and analytics tooling, among other enhancements.

IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says 'Sell'
December 03, 2025 | coindesk.com
The bitcoin miner turned AI compute provider tumbled on Tuesday and is now down nearly 50% over the past month.

Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium
December 03, 2025 | coindesk.com
The Startale USD token, developed with M0, aims to power payments and rewards across the electronics giant Sony's Web3 ecosystem.

Crypto Rally Stumbles, Bitcoin Slips Back to $92K, as Microsoft Lowers AI Sales Goals
December 03, 2025 | coindesk.com
Employees of the tech giant told The Information that some divisions failed to deliver on their targets in 2025, leading to lower expectations for the year ahead.

Solana Treasury Companies Mark New Lows In Ongoing Downtrend – What This Means For SOL’s Price
December 03, 2025 | bitcoinist.com
In a significant development, the bearish action of the Solana price is currently spilling into the SOL-backed Treasury reserves.

BC.GAME named Exclusive Gaming Partner of Crypto Fight Night 2025
December 03, 2025 | ambcrypto.com
Crypto Fight Night (CFN) has confirmed a partnership with BC.GAME, which will serve as the…

Strategy’s Michael Saylor on potential MSCI exclusion: ‘We’re engaging’
December 03, 2025 | cointelegraph.com
Strategy is urging MSCI to retain MSTR in its indexes, despite raising its Bitcoin holdings to 650,000 BTC as it has lowered its 2025 targets.

CoinDesk 20 Performance Update: Chainlink (LINK) Gains 8.9%, Leading Index Higher
December 03, 2025 | coindesk.com
Sui (SUI) was also a top performer, rising 6.5% from Tuesday.

Worldcoin price prediction 2025 – 2031: How high will WLD go?
December 03, 2025 | cryptopolitan.com
Key takeaways Worldcoin (WLD) is garnering significant attention from both investors and enthusiasts, which may indicate its future performance and current price .

Sony's Blockchain Partner Launches Institutional-Grade Stablecoin for Soneium
December 03, 2025 | decrypt.co
Institutional-grade dollar stablecoin USDSC has gone live on Soneium, as Japan advances yen stablecoin trials.

Pudgy Penguins: Will whale selling spoil PENGU’s 25% rally?
December 03, 2025 | ambcrypto.com
PENGU eyes $0.015 if demand holds, but whale selling risks drop below $0.01 support.

This Subwave Says Bitcoin Price Is Headed For A 50% Crash To $42,000
December 03, 2025 | newsbtc.com
Crypto analyst Tony Severino has revealed a historical bearish pattern that could send the Bitcoin price to as low as $42,000.

Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’
December 03, 2025 | coindesk.com
Stable and Theo committed over $100 million to ULTRA, a tokenized U.S.

XBO.com launches tokenized stocks for global traders
December 03, 2025 | cryptopolitan.com
In this post: Today, XBO.com, a next-generation cryptocurrency exchange and digital financial platform has launched tokenized stocks on its Spot trading platform, allowing…

PENGU Token Jumps 30% on NHL Deal, But $108 Million Sell-Off Sparks Fear
December 03, 2025 | beincrypto.com
PENGU rallied over 30% in early December 2025 following news of a major collaboration between Pudgy Penguins and the National Hockey League (NHL) for the 2026 Discover NHL Winter…

Bitcoin vola a $93k ed Ethereum a $3k: Svelato il motivo del “Pump” coordinato
December 03, 2025 | bitcoinist.com
Il mercato delle criptovalute ha messo a segno un rimbalzo drammatico questa settimana, con il prezzo di Bitcoin che ha superato di slancio i 92.000$ ed Ethereum che si è…

Here’s what happened in crypto today
December 03, 2025 | cointelegraph.com
Need to know what happened in crypto today?

Strategy’s Michael Saylor continues to discuss MSCI index January decision
December 03, 2025 | cryptopolitan.com
Strategy, the world’s biggest corporate stockpiler of Bitcoin, is engaging with MSCI about a decision that could potentially exclude it from its indices.

Binance’s new ‘Junior’ app draws mixed reactions over kids entering crypto
December 03, 2025 | cointelegraph.com
Binance’s new Junior app aims to bring supervised crypto use to minors, prompting both praise for early education and criticism of child targeting.

Solana Price Prediction: SOL Approaches Key Trendline Support as Bulls Eye a Rebound Towards $165
December 03, 2025 | bravenewcoin.com
Solana price is testing a crucial multi-year trendline near $133, with bullish signals and rising liquidity hinting at a potential rebound towards the $150–$165 zone.

Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors
December 03, 2025 | cointelegraph.com
The crypto industry in Japan is poised for a surge in growth among retail investors, observers say, as the government plans to introduce a moderate 20% tax.

Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network
December 03, 2025 | coindesk.com
Antithesis said its Series A will scale deterministic simulation testing, replaying complex failures exactly for crypto and other always-on systems.

Morning Minute: Bank of America Recommends up to 4% Crypto Portfolio Allocation
December 03, 2025 | decrypt.co
The crypto market liked the news, with majors jumping 7-10% on the back of Bank of America's new guidance plus Vanguard's crypto ETF debut.

XRP Staking Arrives with the Launch of Firelight Protocol
December 03, 2025 | beincrypto.com
The newly launched Firelight Protocol introduces staking rewards for XRP through a novel on-chain economic security primitive designed to protect DeFi assets from exploits.

Next 1000x Crypto for Bitcoin Believers? Bitcoin Hyper Presale Eyes Layer 2 Breakout
December 03, 2025 | newsbtc.com
What to Know: Even as Bitcoin holds around $93K, Bitcoin’s base layer remains secure but slow, with high fees and no native smart contract environment, limiting real on-chain…

Ethereum treasury trade unwinds 80% as handful of whales dominate buys
December 03, 2025 | cointelegraph.com
Corporate Ether acquisitions continue to decline, leaving the world’s largest corporate ETH holder to scoop up billions in Ether, aiming to amass 5% of the total supply.

Polkadot Gains 9% After Breaking Key $2.25 Resistance
December 03, 2025 | coindesk.com
DOT outperformed the broader crypto market as a 60% volume surge validated the breakout above a critical technical threshold.

Here’s Why The Bitcoin Price Jumped Above $92,000, And Ethereum Price Reclaimed $3,000
December 03, 2025 | bitcoinist.com
The crypto market delivered a dramatic rebound this week, with the Bitcoin price vaulting above $92,000 and Ethereum climbing back over $3,000.

U.S. Crypto Education Group, American Innovation Project, Gets First Director
December 03, 2025 | coindesk.com
The Blockchain Association's COO, Allie Page, is leaving to be the inaugural director of AIP, which is focused on educational events for decision makers.

Firelight launches XRP staking protocol on Flare, with stXRP planned to earn rewards through DeFi insurance
December 03, 2025 | theblock.co
This is Phase 1 of the rollout, so staking rewards aren’t live yet; they are expected to begin in Phase 2, early next year.

Axis raises $5 million in round led by Galaxy Ventures to launch onchain yield protocol for USD, bitcoin and gold
December 03, 2025 | theblock.co
Axis said it has also deployed $100 million in private capital through its closed beta to stress-test its delta-neutral arbitrage engine.

The Biggest Zcash Strength Is Now a Weakness as Buying Collapses 97% —Breakdown Next?
December 03, 2025 | beincrypto.com
Zcash price has turned sharply lower even as the wider market rises more than 6% today.

COCA Announces 10% APY Holiday Boost on Stablecoins
December 03, 2025 | beincrypto.com
December 2, 2025 — COCA, a leading stablecoin banking app, is introducing a special holiday promotion for its users.

Parataxis Agrees to Buy Control of South Korea's Sinsiway for $27M, Build Ether Treasury
December 03, 2025 | coindesk.com
The deal would rename Sinsiway as Parataxis ETH, Inc. and make it South Korea's first ether-focused treasury platform backed by U.S.

Wall Street FOMO Over Vanguard’s Bitcoin ETF Pivot: $HYPER Rides the Wave
December 03, 2025 | newsbtc.com
What to Know: Vanguard’s embrace of spot Bitcoin ETFs adds another giant gatekeeper to the BTC on-ramp, channeling retirement and retail capital into the asset.

Is Meme Coin Season Back? 3 Signs December Could Get Wild Again
December 03, 2025 | beincrypto.com
Meme coins often result in significant losses, yet they remain an attractive option for retail investors due to their high potential returns.

Georgia eyes onchain property rights and tokenization with Hedera partnership
December 03, 2025 | cointelegraph.com
Georgia explores putting its public registry on the Hedera blockchain and tokenizing real estate through blockchain-integrated government infrastructure.

UK Passes Digital Assets Bill Recognizing Crypto as Property
December 03, 2025 | decrypt.co
The law gives crypto legal status as property, bolstering protections for users and advancing the UK’s bid to become a digital finance hub.

Next Crypto to Explode as Analysts Predict a $100K Bitcoin – Bitcoin Hyper Soars
December 03, 2025 | bitcoinist.com
Quick Facts: ➡️ Analysts claim Bitcoin could rally to $100K once it holds the resistance point above $92K, while also suggesting a potential new ATH.

Are Dogecoin Whales Leaving The Meme Coin? Large Transactions Crash To 2-Month Lows
December 03, 2025 | newsbtc.com
Dogecoin’s recent price action has taken an unexpected turn as on-chain data shows whale transactions collapsing to levels not seen in two months.

Spot XRP ETFs Outpace Market With 12-Day Inflow Streak Nearing $1B Mark
December 03, 2025 | coindesk.com
The sustained accumulation of capital by spot XRP ETFs is establishing XRP as the fastest-growing major crypto-asset vehicle.

Bitcoin now settles Visa-scale volumes, but most is for wholesale, not coffee
December 03, 2025 | cointelegraph.com
Bitcoin settled $6.9 trillion in the past 90 days as a growing alternative to traditional settlement networks, but its global merchant adoption remains only a fraction of the…

Taiwan eyes second half of 2026 to roll out first locally issued stablecoin
December 03, 2025 | cryptopolitan.com
Taiwan could reportedly roll out its first locally issued stablecoin as early as the second half of 2026.

Uneasy Stability: Crypto Daybook Americas
December 03, 2025 | coindesk.com
Your day-ahead look for Dec.

XRP ETFs Attract $756M as Price Slides Toward $2, Meme Traders Rotate Into Maxi Doge
December 03, 2025 | newsbtc.com
What to Know: XRP ETFs, attracting hundreds of millions, while the token drifts toward $2, signal a quiet transfer of supply from retail to institutions.

Bitget and Julián Alvarez Team Up to Show How GetAgent Makes Every Trader Play Smarter
December 03, 2025 | beincrypto.com
[Victoria, Seychelles, Dec.

Bitcoin jumps back above $93K as short liquidations and fresh institutional interest help fuel rebound ahead of Fed meeting
December 03, 2025 | theblock.co
Bitcoin has surged back above $93,000 as traders brace for next week’s Federal Reserve decision amid lingering macro uncertainty.

Crypto Markets Today: Bitcoin Reclaims $93K as Altcoins Stage Rebound
December 03, 2025 | coindesk.com
A broad rally lifted major tokens on Wednesday, with bitcoin and ether bouncing and the majority of altcoins surging, even as ZEC extended a weekly slide.

Australian Bitcoin Group Challenges ABC News Over 'Misleading' Coverage
December 03, 2025 | decrypt.co
The ABIB claims that ABC "misrepresented Bitcoin's purpose" and conflated it with criminal activity in its coverage.

Gensler separates Bitcoin from pack, calls most crypto ‘highly speculative’
December 03, 2025 | cointelegraph.com
In a Bloomberg interview, former SEC Chair Gary Gensler reiterated that Bitcoin stands apart from thousands of other crypto tokens, which he described as “highly speculative”…

Ethereum continues to dominate stablecoin market, Tron and Solana trail
December 03, 2025 | cryptopolitan.com
Ethereum continues to dominate the stablecoin market with a stablecoin supply of $174.95 billion.

Kryptomeny idú hore. Bitcoin posilnil o ďalších 7 % za posledných 24 hodín
December 03, 2025 | bitcoinist.com
Oslabujúci dolár, očakávané zníženie úrokových sadzieb americkým Fedom a rastúca aktivita na spotových ETF fondoch formujú nové podmienky pre decembrový trh.

Best Crypto Presales as Coinbase and Bithumb Expand Altcoin Range
December 03, 2025 | newsbtc.com
What to Know: Coinbase and Bithumb are expanding altcoin listings into a recovering stablecoin market.

Bitcoin Bubble Worse Than Tulip Mania, Claims ‘Big Short’ Michael Burry
December 03, 2025 | bitcoinist.com
Michael Burry has escalated his long-running war on Bitcoin, calling it “the tulip bulb of our time” and insisting it is “not worth anything.” Speaking on Michael Lewis’ “Against…

Poland’s government claim Russia collusion in President Nawrocki attacks over crypto bill
December 03, 2025 | cryptopolitan.com
President Karol Nawrocki’s veto on a controversial law to regulate the Polish crypto market has been met with threats and attacks by the government.

Binance appoints co-founder Yi He as new co-CEO alongside Richard Teng
December 03, 2025 | theblock.co
Yi He will lead the company alongside previous solo CEO Richard Teng, the exec announced during Binance Blockchain Week.

Bitcoin (BTC) Price Rebounds As Experts Predict Funds Will Move To This New Crypto Coin
December 03, 2025 | cryptopolitan.com
Bitcoin appears to be experiencing signs of a potential cyclical turn around based on the fact that the “Hash Ribbon” indicator, which draws from an important on-chain data point…

Europe's satellite giant Eutelsat endures brutal price plunge as SoftBank dumps shares
December 03, 2025 | cryptopolitan.com
Europe’s satellite giant Eutelsat on Wednesday saw its stock sink brutally after SoftBank sold off 36 million rights, which equals around 26 million shares on Eutelsat.

V-Shape Bounce, Rare Bitcoin Signal, $13 Billion Fed Shock: What’s Coming?
December 03, 2025 | beincrypto.com
The crypto market has entered December with a sharp momentum shift, as altcoins rebound in a clean V-shape pattern, Bitcoin flashes a historically rare bullish signal, and the…

UK finally amends property law to recognize cryptocurrencies and other digital assets
December 03, 2025 | cryptopolitan.com
The UK has established a law recognizing digital assets as property.

Bitcoin And The 2026 Fed Shift: Expert Says Markets Aren’t Ready
December 03, 2025 | newsbtc.com
Macro strategist Alex Krüger is tying Bitcoin’s next macro chapter directly to the coming reshuffle at the Federal Reserve, warning that investors are underpricing how far US…

A Digital Euro alternative? Europe’s banking giants bet big on blockchain payments
December 03, 2025 | ambcrypto.com
Can Qivalis scale fast enough to compete with Tether’s $185B head start?

EU activates Russian energy sanctions following $163B state-asset transfer
December 03, 2025 | cryptopolitan.com
The EU has finalized a legal ban on new Russian gas, oil, and LNG contracts starting January 1, 2026.

HBAR Price Rebound Finds Big Money Support, But One Hurdle to a Rally Still Remains
December 03, 2025 | beincrypto.com
Hedera (HBAR) has gained more than 13% in the last 24 hours, reversing most of its weekly losses and turning sentiment slightly positive again.

Cayman Islands Web3 foundations jump 70% as CARF reporting rules arrive
December 03, 2025 | cointelegraph.com
Cayman foundation registrations increase by 70% year-on-year as DAOs seek legal wrappers, with CARF rules set to arrive in 2026.

UK Passes Law Formally Recognizing Crypto as Property
December 03, 2025 | coindesk.com
The Property (Digital Assets etc) Act received Royal Assent on Tuesday, the final step of an act becoming law after being passed by the U.K.

Build on Bitcoin token surges 109% before Bithumb listing
December 03, 2025 | cryptopolitan.com
Build on Bitcoin (BOB) rallied by over 109% after its Bithumb listing, as the trading pair against the KRW boosted spot volumes.

Best Crypto to Buy as Kevin Hassett Takes Fed Chair and Loosens Policy Fueling $BTC
December 03, 2025 | newsbtc.com
What to Know: A more dovish, crypto-friendly Fed chair like Kevin Hassett could extend a multi‑year liquidity cycle, favoring Bitcoin and high‑beta altcoins.

Further, 3iQ launch $100M fund that compounds returns in Bitcoin
December 03, 2025 | cointelegraph.com
Further and 3iQ have launched a $100 million market-neutral crypto hedge fund for institutions, including a Bitcoin share class that reinvests gains in BTC.

Bitcoin adds $732B in new capital this cycle as market structure transforms
December 03, 2025 | cointelegraph.com
Bitcoin’s latest bull cycle produced a very different market structure, defined by larger institutional participation, lower volatility and deeper liquidity.

ETH purchases by DATs plunge 81% from August to November
December 03, 2025 | cryptopolitan.com
Ethereum digital asset treasuries bought only 370,000 ETH in November, an 81% drop from August’s peak.

Cathie Wood’s Ark Invest stocks up on more Coinbase, Bullish and Robinhood shares
December 03, 2025 | theblock.co
Ark Invest bought another 28,315 Coinbase shares on Tuesday, worth around $7.5 million, as it continued to rebalance its fund weightings.

Strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: Reuters
December 03, 2025 | coindesk.com
A removal could lead to outflows of up to $8.8 billion if other index providers follow suit because the stock is part of many passive investment products.

Market sentiments remain weak as ETH, XRP, and SOL follow BTC climb above $94,000
December 03, 2025 | cryptopolitan.com
Bitcoin climbed to a two-week high on Wednesday, breaking above $94,000 as traders attempted to recover from a selloff that’s erased over $1 trillion from crypto since early…

Pudgy Penguins (PENGU) Price Prediction: Can PENGU Rebound After Losing the $0.01 Level as Analysts Point to Divergences, Support Retests, and Whale Accumulation?
December 03, 2025 | bravenewcoin.com
PENGU faces a decisive moment after losing the $0.01 level, with participants watching key supports, bullish divergences, and whale accumulation for signs of a potential rebound.

Bitcoin Short-Term Holder Shakeout Could Accelerate Recovery Above Key Level
December 03, 2025 | decrypt.co
A breakout above $93,000 could trigger a short squeeze, analysts say—accelerating Bitcoin’s recovery amid short-term holder capitulation.

Pi Network Mining Rate Surges in December: What Happened to the Miners?
December 03, 2025 | beincrypto.com
Pi Network (PI) has closed six consecutive red months and still struggles to recover from last quarter’s decline.

PYUSD market cap triples to $3.8B in three months
December 03, 2025 | cryptopolitan.com
PayPal’s PYUSD stablecoin has grown from $1.2 billion in September to $3.8 billion, marking one of the fastest surges in the market.

Trump Hints at Kevin Hasset as the Next Fed Chair, Fueling Bitcoin Hyper’s $28.8M presale
December 03, 2025 | bitcoinist.com
Quick Facts: ➡️ The market puts the odds of Kevin Hassett becoming the next Fed chair at 84% and waits for Trump to make the announcement.

Trump backs Kevin Hassett as next Federal Reserve chair after Powell
December 03, 2025 | cryptopolitan.com
Donald Trump on Tuesday openly pointed to Kevin Hassett as his choice to run the Fed after Jerome Powell leaves in 2026.

$93K And Climbing: Analysts Say Bitcoin’s Push To $100K Has Begun
December 03, 2025 | newsbtc.com
Bitcoin jumped back above key levels on Wednesday, with prices climbing past $93,000 after dipping to $84,400 earlier this month.

Crypto Investors Brace As Japan Proposes 20% Tax By 2027
December 03, 2025 | bitcoinist.com
Japan’s government is backing a plan to tax cryptocurrency profits at a flat 20% rate, a major change from the current system that can push some traders into much higher brackets.

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (December 3)
December 03, 2025 | bitcoinist.com
Stay Ahead with Our Timely Insights of Today’s Next Crypto to Explode Check out our Live Next Crypto to Explode Updates for December 3, 2025!

India makes cybersecurity app optional after public privacy outcry
December 03, 2025 | cryptopolitan.com
India's government clarified users can delete the Sanchar Saathi cybersecurity app after ordering its mandatory pre-installation on all new phones.

Babylon’s Trustless Vaults to Add Native Bitcoin-Backed Lending Through Aave
December 03, 2025 | coindesk.com
Babylon is also planning to introduce Bitcoin-backed DeFi insurance, letting BTC holders earn yield while underwriting risk against hacks and exploits.

Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand
December 03, 2025 | cointelegraph.com
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.

Binance Marks 3 Altcoins for Delisting: Everything You Need To Know
December 03, 2025 | beincrypto.com
Binance will delist StaFi (FIS), REI Network (REI), and Voxies (VOXEL) from all spot trading pairs on December 17, 2025, at 03:00 UTC, due to poor liquidity and low trading…

Investigating DeFi hacks with ‘Code is Law’ co-director James Craig and Wildcat Finance co-founder Laurence Day
December 03, 2025 | theblock.co
"Code is Law" co-director James Craig and Wildcat Finance co-founder Lawrence Day discuss their experiences with, and the consequences of, major DeFi hacks.

Bitcoin traders hit peak unrealized pain as ETFs start to turn positive
December 03, 2025 | cointelegraph.com
Bitcoin traders are facing the most pressure of this cycle in terms of unrealized losses, but analysts argue that ETFs only accounted for a maximum of 3% the recent selling…

UK passes law officially recognizing crypto as third kind of property
December 03, 2025 | theblock.co
Local industry body CryptoUK said this gives crypto a "clearer legal footing" in related crimes or litigation.

XRP Price Predictions Stir Debate as Investors Shift Focus to Rival Payment Solution Dubbed ‘XRP 2.0’
December 03, 2025 | cryptopolitan.com
As December begins, debate intensifies around the latest XRP price outlook.

Shiba Inu Price Could Rally As SHIB Burn Rate Surges 790% in 24H But One Cheap Crypto Is Making Headlines
December 03, 2025 | cryptopolitan.com
The Shiba Inu network is abuzz with the incredible 790% increase in the burning of tokens, pushing the price up by 3% in a mere day.

Harvard loses $40M on Bitcoin bets as crypto markets tumble
December 03, 2025 | cryptopolitan.com
Harvard is facing about a $40 million paper loss after its large Bitcoin ETF position dropped with the market.

Best Crypto to Buy Before Fed’s Rate Cuts? Bitcoin Hyper Steps Forward
December 03, 2025 | bitcoinist.com
Quick Facts: ➡️ The market puts the odds of another rate cut at 87% as the next Fed meeting is set for December 10, one week from now.

Best Solana Meme Coins to Buy as Rizzmas Surges in Charts
December 03, 2025 | bitcoinist.com
Quick Facts: ➡️ Rizzmas wakes up from its slumber after pumping 50% over the past day and the whole meme coin market follows suit.

Bitcoin Bollinger Bands repeat ‘parabolic’ bull signal from late 2023
December 03, 2025 | cointelegraph.com
Bitcoin Bollinger BandWidth plumbed new record lows after printing a classic “green” signal in November that previously saw a 40% BTC price upside.

Fableborne opens beta testing following $21.5M token presale
December 03, 2025 | cryptopolitan.com
Fableborne launched its new open beta, along with Season 4 and an upcoming Guild Season from December 8.

Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year
December 03, 2025 | coindesk.com
Regulators have not decided whether the token will be tied to the Taiwan dollar or the U.S.