A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users, after the popular crypto derivatives exchange …

WBTC burns picked up in November, continuing into December. Source: https://www.coindesk.com/wrapped-bitcoin-burns-increase-bitgo-defi-alameda

The hedge fund manager has 1% to 2% of his multi billion-dollar portfolio in bitcoin. Source: https://www.coindesk.com/paul-tudor-jones-bitcoin-undervalued

The creators of the stablecoin platform Terra are launching Mirror Protocol, a way to mint crypto assets that mimic U.S. stocks. Source: https://www.coindesk.com/terra-mirror-synthetic-us-equities

The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry. Source: https://www.coindesk.com/stablecoin-regulation-wars-stable-act

Human Protocol, home of the anti-bot hCaptcha system, announced it is expanding beyond Ethereum to a future Polkadot parachain, Moonbeam. Source: https://www.coindesk.com/protocol-hosting-google-recaptcha-competitor-expands-to-polkadot

Crypto Twitter, like the U.S. Congress, is usually divided. A proposed law to strengthen stablecoin oversight has brought crypto together. Source: https://www.coindesk.com/bitcoin-hedge-stable-act-eth

As DeFi sees its first M&A, we’re left with a big question: How do you value an open-source project in a very new industry? Source: https://www.coindesk.com/principles-for-acquiring-defi-projects

A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results. Source: https://www.coindesk.com/swiss-cbdc-trial-tokenized-central-bank-money

DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient. Source: https://www.coindesk.com/aave-defi-launches-v2-new-features-collateral-swaps