Tezos Launches First Blockchain-Based Uranium Marketplace

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Table of Content

In today edition we talk about

• Chainlink’s LINK Surges 29%, Dubbed the True ‘Bank Coin’ by Community

• Bitcoin Drops 30% Against Korean Won After South Korea Declares Martial Law

• Vitalik Buterin Calls for Enhanced Privacy and Security in Web3 Wallets

• Tezos Launches First Blockchain-Based Uranium Marketplace

Chainlink’s LINK Surges 29%, Dubbed the True ‘Bank Coin’ by Community

Chainlink's native token, LINK, soared 29% to reach $25.32, driven by its positioning as the real "bank coin" in contrast to XRP. Over the past week, LINK has gained 53%, up from $16.54 on Nov. 26, according to Cointelegraph Markets Pro.

Chainlink’s rally follows XRP's recent surge to $2.46, as some crypto enthusiasts argue that Chainlink’s growing partnerships with traditional finance make it a stronger contender. Aylo, a decentralized finance researcher, highlighted Chainlink’s collaborations with major financial institutions to integrate blockchain technology into banking systems.

Prominent Chainlink supporter Zach Rynes, known as ChainLinkGod, criticized XRP as a "banker-themed memecoin" that failed to deliver on cross-border payments. He argued that stablecoins and central bank digital currencies (CBDCs) make XRP's use case redundant, prompting Ripple's pivot to stablecoins and CBDC platforms.

Rynes emphasized that Chainlink's partnerships with major banks reflect tangible progress, positioning LINK as a leader in bridging blockchain and traditional finance.

Bitcoin Drops 30% Against Korean Won After South Korea Declares Martial Law

Bitcoin (BTC) prices on South Korea’s Upbit exchange plunged by nearly 30% on Dec. 3 after President Yoon Suk Yeol declared martial law during a live address. The BTC/KRW pair fell from 130 million KRW to 93.6 million KRW before rebounding above 126 million KRW.

President Yoon justified the declaration as a response to threats from North Korea and "anti-state elements," citing attempts by the Democratic Party to impeach government officials. Opposition leader Lee Jae-myung warned of potential military arrests of parliament members and pledged to overturn the decree.

Shortly after Yoon's announcement, 190 out of 300 lawmakers in the National Assembly voted to block the martial law order, rendering it invalid. Speaker Woo Won-sik called for the immediate lifting of emergency measures.

The political turmoil comes as South Korea, the world’s 13th-largest economy, faces potential impacts on major corporations like Samsung and SK Group, as well as its crypto industry, which includes exchanges like Upbit, Bithumb, and Korbit. Meanwhile, a planned crypto capital gains tax has been delayed until 2027.

Vitalik Buterin Calls for Enhanced Privacy and Security in Web3 Wallets

Ethereum co-founder Vitalik Buterin urged Web3 wallet developers to prioritize privacy and security in a Dec. 3 blog post. He emphasized that users only benefit from Ethereum's decentralization and security features if wallets also integrate these capabilities.

Buterin proposed embedding privacy features directly into wallets, allowing users to maintain "private balances" in a privacy pool for seamless transfers. He also advocated for integrating multisignature authorization to enhance wallet security.

Addressing Ethereum's layer-2 (L2) networks, Buterin recommended simplifying cross-network transfers by enabling wallets to recognize and process L2-specific addresses like @optimism.eth. These changes aim to improve usability across the $50 billion L2 ecosystem.

The push for on-chain privacy gains momentum following a U.S. court ruling favoring Tornado Cash, signaling potential growth in privacy-focused solutions. Buterin also stressed the need for decentralization in L2 scaling, planning to acknowledge only networks with active fraud or validity-proof systems by 2025.

Tezos Launches First Blockchain-Based Uranium Marketplace

Tezos has introduced Uranium.io, the world's first decentralized blockchain platform for uranium trading, making the asset accessible to retail investors for the first time. Developed in collaboration with Curzon Uranium, a major uranium trader, and Archax, the UK's first registered cryptocurrency exchange, the platform aims to democratize uranium investments.

Co-founder of Tezos, Arthur Breitman, highlighted how blockchain enhances transparency and accessibility in the uranium market, which has traditionally been limited to institutional investors or ETFs. Uranium purchased through the platform will be stored as physical Triuranium octoxide (U3O8) in a regulated depository managed by Cameco, a leading uranium provider.

This launch coincides with rising global demand for uranium, driven by nuclear energy's role in powering AI applications and data centers. Blockchain technology promises to reduce barriers to entry and streamline global trade, positioning Uranium.io as a potential model for other commodity markets.

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