TFIN DAO | Web3

Binance co founder Yi He has been promoted to co CEO alongside Richard Teng, creating a dual leadership structure at the world’s largest crypto exchange. Her appointment follows years of work on Binance’s brand, user growth and venture arm, and comes as the company tries to move past major US regulatory cases. With Teng focused on compliance and regulation and Yi He on product and growth, Binance is signaling a shift toward more formal governance while still keeping a core insider in charge.

Ethereum developers are close to deploying a Zero Knowledge Secret Santa (ZKSS) protocol that lets users run a Secret Santa gift exchange on chain without revealing who is matched with whom. The system uses zero knowledge proofs, shared randomness and transaction relayers so each person appears exactly once as sender and receiver while their identity stays private. If successful, the same tools could be reused for anonymous DAO voting, private distributions and other applications that need on chain verification with stronger privacy.

Japan plans to move crypto profits to a flat 20% tax rate, putting digital assets on the same level as stocks and other investments instead of taxing them as high as 55% as miscellaneous income. The change is expected in the 2026 reform package and is part of a broader effort to classify many coins as financial products, tighten oversight, and keep local traders and blockchain projects from moving overseas.

BlackRock’s bitcoin ETFs have become the firm’s biggest revenue generator, outperforming all of its roughly 1,400 other funds. The iShares Bitcoin Trust (IBIT) alone has gathered about 70 billion dollars in assets and hundreds of millions in annual fees, helping push BlackRock’s total bitcoin related exposure toward 100 billion dollars even as the market stays volatile.

BlackRock’s Strategic Income Opportunities fund has increased its holdings of the IBIT spot bitcoin ETF by about 14%, to around 2.39 million shares worth roughly 156 million dollars at the end of September. IBIT has grown into a major revenue source for BlackRock with tens of billions in assets, and the firm’s move to buy more for its own portfolio is seen as a strong signal of confidence in bitcoin’s long term role, even after a price pullback.

The UAE has introduced a new central bank law that brings crypto, DeFi, stablecoins and tokenized assets under one unified regulatory framework, requiring all players to be licensed or face heavy fines. The decree promises faster licensing, risk based rules and a one year grace period, while also strengthening protections for users and small disputes. It puts special focus on Shariah compliant products and Islamic DeFi, aiming to position the UAE as a leading regulated hub for global crypto activity.