1. Trump considers appointing cryptocurrency lawyer Teresa Goody Guillén as chair of the SEC, which could influence the future regulatory direction of cryptocurrencies.
2. Trump nominates Bitcoin supporter Howard Lutnick as Secretary of Commerce, drawing attention from the crypto community.
President-elect Donald Trump has nominated cryptocurrency-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares of Japanese investment firm Metaplanet rose over 15% on Tuesday after the company announced its latest Bitcoin acquisition plan. Tokenization company Securitize launched "sToken," a new way to obtain liquidity from real-world assets while still earning returns using the ERC-4626 token standard. The following article is adapted from The Block's newsletter "The Daily," published on workdays. -Original
3. The likelihood of the Federal Reserve not lowering interest rates at the December meeting is 35%, as the market is concerned about inflation triggered by Trump's policies.
Odaily Planet Daily reports that gold futures prices have risen, buoyed by a decline in U.S. Treasury yields. This precious metal has partially rebounded from a significant sell-off following the U.S. presidential election, rising 3.9% from last Thursday's low. SP Angel analysts noted in a report that gold, silver, platinum, and palladium all saw gains during Monday's trading session, likely reflecting a weakening dollar. Market focus is now shifting to the Federal Reserve's upcoming meeting in December. Given that President-elect Trump's protectionist policies have raised new inflation concerns, the market expects a 35% chance that the Fed will not lower interest rates at this meeting. SP Angel stated that maintaining interest rates is a negative factor for gold, as higher rates typically diminish the appeal of non-yielding gold. -Original
4. Tether issues an additional 1 billion USDT on the Ethereum chain, attracting market attention.
On November 20 at 03:36 (UTC+8), Tether issued an additional 1 billion USDT on the ETH chain, transaction hash: 0xbd870754b4302f339fb226fcb71051b250a8e20a5c3aa039ab8686c07a8142ba. Note: The above data is sourced from OKLink. -Original
5. Grayscale Bitcoin Trust adds 127.136 BTC, showing continued interest from institutional investors in Bitcoin.
6. Coinbase announces it will delist wBTC due to Sun Yuchen's expanding influence over the protocol.
The exchange stated it will delist the token in December, but users can still withdraw wBTC from the exchange. In August, long-term custodian BitGo announced it would establish a "strategic partnership" with Sun Yuchen and the TRON ecosystem, relinquishing some control over the wBTC protocol. Coinbase's wrapped Bitcoin version, cbBTC, has seen its market cap grow to nearly $1.5 billion in just a few months. -Original
7. The Blockchain Association urges the SEC to stop enforcement actions against crypto firms, calling for a focus on an orderly transition.
Kristin Smith, executive director of the Blockchain Association, commented, urging SEC Chair Gary Gensler to immediately halt enforcement actions against crypto firms and instead focus on an orderly transition so that his successor can implement a regulatory framework that aligns with congressional intent and market realities. She pointed out that the SEC's regulatory actions against the crypto industry have led U.S. companies to incur over $400 million in legal defense costs. This data highlights the excessive regulation of the crypto industry during Gary Gensler's tenure as SEC Chair. According to a recent poll by the Blockchain Association and HarrisX, two-thirds of voters support having Congress, rather than unelected regulators, set the rules for the crypto market. Notably, the crypto industry targeted by the SEC accounts for only 0.25% of the global market, yet its enforcement actions have led to innovation, job opportunities, and economic development moving overseas. -Original
8. Wall Street introduces options trading for spot Bitcoin ETFs, potentially increasing financial institutions' exposure to cryptocurrencies.
Trader T posted on X platform that spot Bitcoin ETF options will begin trading today at 22:30 Beijing time. The plan is to use unilateral call options to predict Bitcoin prices 59 days from now. -Original
9. U.S. Space Force Major Jason Lowery applies for a White House position to advise on Bitcoin's national security implications.
U.S. Space Force Major Jason Lowery has submitted an application to serve as a military advisor to the National Security Council (NSC) and the White House Office of Science and Technology Policy (OSTP). Lowery announced his application via the X platform, expressing his desire to guide senior defense leaders on the impact of Proof of Work (PoW) on national security. He emphasized the importance of understanding the role of PoW technology in defense and encouraged support for his position. Lowery is known for his paper on "software warfare," advocating for viewing Bitcoin's PoW mechanism as a transformative tool for defense and cybersecurity. He believes that PoW technology can serve as a non-kinetic defense system, projecting power in cyberspace by imposing physical costs on digital actions. He argues that this approach can deter cyber threats and ensure the security of digital infrastructure by converting electrical energy into secure digital assets. -Original
10. NBA star Shaquille O'Neal pays $11 million to settle a class-action lawsuit related to promoting an NFT project.
Basketball Hall of Famer Shaquille O'Neal has agreed to pay $11 million to settle allegations related to the Astrals NFT project he promoted. O'Neal is also part of a large consolidated case against FTX celebrity "brand ambassadors," which he attempted to dismiss. -Original
11. BlackRock's Bitcoin spot ETF options go live, attracting institutional interest.
12. Paxos seeks to acquire Membrane Finance to enter the EU market.
If Paxos's bid to acquire the regulated electronic money institution Membrane Finance in Finland receives regulatory approval, the company will be able to enter the entire EU trading bloc. -Original
13. Robinhood plans to acquire TradePMR for $300 million to drive wealth client development.
Robinhood Markets Inc. has agreed to acquire TradePMR, a custody and portfolio management platform for registered investment advisors, as part of the online broker's aim to attract a broader range of affluent investors. Robinhood stated in a release that the deal, involving approximately $300 million in cash and stock, is expected to close in the first half of next year. Through this acquisition, TradePMR's registered investment advisors will gain access to Robinhood's customers, who will also be able to easily connect with registered investment advisors (RIAs). TradePMR, based in Gainesville, Florida, manages over $40 billion in assets. According to the statement, the TradePMR team will join Robinhood. Robinhood has expanded its product range in the competitive retail investment space by increasing available cryptocurrencies, launching credit cards, and even offering options for traders to bet on election outcomes. It is also targeting clients with more stable wealth levels, attempting to challenge traditional giants like Charles Schwab Corp. and Fidelity Investments in the rapidly growing wealth management sector. -Original
14. Deutsche Bank Asset Management predicts that interest rate cuts under Trump’s leadership will not be as aggressive.
Deutsche Bank Asset Management stated in its 2025 outlook that U.S. economic growth will remain strong next year, although the growth rate will slow compared to 2024. The firm expects the U.S. GDP growth rate to decline from the anticipated 2.7% in 2024 to 2.0% in 2025. The asset management company also predicts that the Federal Reserve will implement three interest rate cuts by December 2025. Deutsche Bank Asset Management stated, "It is expected that under the leadership of the new government, the Fed's interest rate cuts will not be as aggressive." -Original
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).
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