Mark Uyeda, a potential candidate for the new chairman of the US SEC, advocates for the establishment of a regulatory sandbox in the cryptocurrency field

Odaily Planet Daily News: Nate Geraci, President of The ETF Store, shared WSJ's report on Tether on X: "Tether CFO Giancarlo Devasini privately stated earlier this year that Howard Lutnick will use his political influence to try to defuse the threats facing Tether. Lutnick owns a majority stake in Cantor, which oversees the majority of Tether's $134 billion assets. Cantor obviously also owns 5% of Tether's shares

The current price of BTC is $98354.25, with a decrease of 0.19% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.27 million US dollars, with the main liquidation being short orders and BTC liquidation being 1.5 million US dollars (14.63%). The data is for reference only.

According to BlockBeats, on November 24th, Musk posted a picture on his social media platform stating that he likes the "WOULD" meme. Affected by this news, the meme coin with the same name briefly rose. According to GMGN data, the meme coin with the same name, created 123 days ago, has surged over 400 times in a short period of time, with a current market value of $4.5 million. BlockBeats reminds users that there are currently no actual use cases for Meme coin, and its price fluctuates greatly. Investors should be cautious.

Odaily Planet Daily News: NEO founder Da Hongfei posted on X that the US House of Representatives has passed a landmark Bitcoin bill (176-26), which is reshaping cryptocurrency regulation. It is mentioned that Bitcoin is now officially recognized as a "value storage" asset, similar to digital gold, while ETH is still classified as a utility token. This clear distinction brings enormous opportunities, which in practice means: -Banks can now officially hold Bitcoin as a reserve asset; -Local and federal governments have clear guidelines for BTC reserves; -Institutions have finally obtained the regulatory clarity they need; -The global market may follow this framework. This is not just another regulation, but also the foundation for Bitcoin's integration into traditional finance. Please pay attention to the implementation details and new institutional policies in the coming months.

Odaily Planet Daily News: Lin Chen, the head of Deribit's Asia Pacific business, stated in an article on X that BTC ETFs have performed strongly this week, with net inflows of $3.335 billion and a net increase in holdings of 26861.87 BTC. Among them, BlackRock IBIT continued to lead the increase in holdings, absorbing 19972.17 BTC in a single week, accounting for 72.3% of the total increase in holdings. Except for a slight outflow of grayscale on Thursday and Friday, all other institutions maintained a net inflow. Analysis indicates that market sentiment this week has largely revolved around the narrative of MSTR, with a current greed index of 80 and strong purchasing power.