DTCC said DTC has received a No-Action Letter from the SEC, | CoinPhoton on Binance Square

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DTCC said DTC has received a No-Action Letter from the SEC, allowing a three-year controlled-production tokenization service for assets held in DTC custody. The program is expected to launch in the second half of 2026, enabling traditional assets to be tokenized on approved L1/L2 networks with full preservation of their original rights and protections.

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A solo Bitcoin miner defied staggering odds to successfully mine a block late Thursday, taking home the full block subsidy and transaction fees. According to data from blockchain explorer Mempool, the miner earned a total of 3.133 BTC, worth about $284,633, after mining block 927,474 using CKpool’s solo mining software. The payout included 3.125 BTC ($283,944) in block rewards and 0.008 BTC ($689) in transaction fees. “Congratulations to miner 1Ng9~VoQz with 270 TH for solving the 311th solo block at solo.ckpool.org!” CKpool developer Con Kolivas wrote on X. “A miner of this size has a 1 in 30,000 chance of solving a block per day,” which translates to roughly once every 82 years. Kolivas noted that the hashrate was distributed across three Bitcoin mining machines, each delivering around 90 TH/s—consistent with the performance of commonly used ASICs such as the air-cooled Bitmain Antminer S19. In relative terms, the solo miner’s computing power represented just about 0.00002% of Bitcoin’s total estimated network hashrate, which stood at roughly 1.15 ZH/s on Dec. 11, according to Mempool. By comparison, major publicly listed mining firms such as MARA and IREN manage hashrates of approximately 59.4 EH/s and 50 EH/s, respectively, based on recent disclosures. Why solo miners still try their luck Most small Bitcoin miners join mining pools to receive steady, proportional rewards, as the probability of finding a block through solo mining is extremely low. Even so, some continue to mine solo for a chance at capturing the entire block reward, effectively treating it as a high-risk, lottery-like bet. This is not the first time a solo miner has claimed a full block reward, nor is it the most extraordinary case. Just last month, a solo miner with a hashrate of only 6 TH/s beat odds of 1 in 180 million to mine a block, earning roughly $265,000 at the time. In recent months, solo miners operating with larger self-managed or rented hashrates have also successfully mined several Bitcoin blocks.

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Pyth Network, a data protocol spanning crypto and multiple asset classes, has launched a token buyback initiative aimed at expanding revenue and reinforcing the value of its PYTH token. The program, formally named the “PYTH Reserve,” uses network revenue to repurchase PYTH tokens on a monthly basis. Revenue flows into the Pyth DAO treasury, with 33% of the total treasury balance allocated each month to buying PYTH on the open market, according to Michael James, head of institutional business development at Douro Labs, a core Pyth developer. The initiative begins this month, with the first buyback expected to total between $100,000 and $200,000. The DAO treasury currently holds around $500,000. James said buyback volumes are expected to increase as network revenue grows from 2026 onward. Pyth’s revenue momentum is being driven by Pyth Pro, its latest data product offering real-time market data across asset classes and geographies. Since launching in late September, Pyth Pro reached $1 million in annual recurring revenue (ARR) within its first month, onboarded more than 80 active subscribers, and generated roughly 10 organic inbound leads per week. Based on projected demand over the next 12–18 months, Pyth is targeting $50 million in ARR. Longer term, the project aims to capture 1% of today’s $50 billion global data market, translating to approximately $500 million in ARR. Beyond Pyth Pro, the network’s product suite includes Pyth Core for crypto market data, Pyth Entropy for onchain randomness, and Pyth Express Relay, a plug-and-play liquidity aggregator for trading applications. Pyth reports supporting over $2.3 trillion in transaction volume, integrating with more than 100 blockchains, and serving over 600 applications across crypto, equities, forex, and commodities. Its clients include centralized and decentralized exchanges, infrastructure providers, market makers, and prediction markets.

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Backed Finance has unveiled xBridge, a new cross-chain bridge that allows tokenized stocks to move between blockchains while preserving stock splits, dividends, and other corporate actions. Announced at Solana Breakpoint and built in partnership with Chainlink, xBridge enables transfers of tokenized equities, known as xStocks, between Ethereum and Solana. The xStocks are backed 1:1 by real-world stocks or ETFs and are designed to mirror the behavior of their underlying assets onchain, including responses to corporate events such as stock splits and dividend payouts. To ensure consistency across chains, xBridge relies on Chainlink’s Cross-Chain Interoperability Protocol (CCIP), maintaining the asset’s link and behavior as it moves between networks. On Ethereum, token balances are adjusted using an updatable multiplier, while on Solana they leverage Token2022 standards and automatic rebasing. Despite the different technical approaches, the end result is the same: balances remain accurate and up to date, even after crossing chains. Backed’s xStocks are already live across several major crypto trading platforms, including centralized exchanges. One of them, Kraken, recently acquired Backed Finance earlier this month. With xBridge now live in pilot mode, Backed plans to expand support to additional blockchains such as Mantle and TRON in the coming weeks.

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ADNOC Distribution to accept AE Coin payments across nearly 1,000 stations ADNOC Distribution, the UAE’s largest fuel and convenience retailer, will begin accepting payments in AE Coin across nearly 980 service stations in the United Arab Emirates, Saudi Arabia, and Egypt. The move marks an early real-world use case for a sovereign-backed digital asset in everyday retail transactions. Under a memorandum of understanding with Al Maryah Community Bank, customers will be able to pay using AE Coin via the AEC Wallet at fuel pumps, Oasis by ADNOC convenience stores, and car wash facilities. ADNOC Distribution operates 562 stations in the UAE, 172 in Saudi Arabia, and 243 in Egypt. AE Coin is the UAE’s first stablecoin licensed by the Central Bank and is backed 1:1 with the dirham. Its adoption by ADNOC Distribution brings the digital currency into mainstream commerce, potentially reaching millions of consumers across the company’s extensive retail network. According to ADNOC Distribution CEO Bader Saeed Al Lamki, the initiative represents a meaningful step toward integrating secure, regulated digital payment solutions into everyday retail, highlighting the growing role of blockchain-based payments in the region.

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Binance to tokenize $2 billion in bonds and reserves in Pakistan Binance plans to tokenize up to $2 billion in bonds, treasury bills, and commodity reserves in Pakistan, Reuters reported. The initiative is part of Pakistan’s effort to use blockchain technology to boost liquidity, attract foreign investment, and develop a formal crypto regulatory framework. Pakistan’s Finance Ministry said the project could pave the way for tokenizing additional government-owned real-world assets on blockchain platforms. The announcement came a day after Bilal Bin Saqib, Chairman of Pakistan’s Virtual Assets Regulatory Authority (VARA), outlined plans to accelerate crypto adoption, leverage Bitcoin mining, and launch a national stablecoin. Pakistan’s regulatory moves mirror global trends, with the UAE, Japan, and parts of the EU expanding formal licensing rules for crypto exchanges. Binance founder Changpeng Zhao called the agreement “a great signal for the global blockchain industry and for Pakistan,” marking the start of the tokenization initiative. VARA also issued early approvals to Binance and HTX, allowing them to register on the Anti-Money Laundering system, establish local units, and prepare full applications.

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