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News Headlines in Brief:
1- Circle Internet Financial, a cryptocurrency corporation, claims that it is strengthening its partnership with Blackrock which is the largest asset manager in the world. Circle announced that it has begun transferring USDC reserves into a dedicated fund that is registered with the US Securities and Exchange Commission (SEC) and is managed by Blackrock.

2- Oasys, a Japan based Web3 project with a focus on gaming is collaborating with YGG, a blockchain gaming guild, to expand blockchain gaming in Japan. The agreement includes the utilisation of YGG resources to support video game projects created using the Oasys ecosystem, providing access to the Japanese gaming market for developers from around the world.

3- The Russian Central Bank is attempting to incorporate cryptocurrency into the local financial system. The CBR published a paper on digital assets regarding their incorporation into financial institutions. Main areas of concern included effective taxation and regulation of the issuing of digital assets, which are well-worn topics in regulatory talks concerning cryptocurrencies everywhere.

4- Web3 gaming infrastructure firm Xternity raised $4.5 million in a pre-seed fundraising round. The startup listed additional backers as Jibe Ventures, Flori Ventures, Secret Chord Ventures, and vGames.

5- Neon EVM, an on-chain solution, has declared that it would launch on the Solana mainnet on December 12. With the launch, Ethereum dApps will have access to the Solana network’s functionality, scalability, and liquidity.

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