[OKX to Launch WETUSDT Perpetual Contract on December 10] OKX will officially launch the WETUSDT perpetual contract at 00:00 on December 10, 2025, supporting up to 20x leverage.

[Wall Street Responds to Money Market Pressure, Fed May Signal Rebuilding Liquidity Buffer] As the end of the year approaches, Wall Street banks are preparing to address the rising pressure in the money market. Analysts suggest this may prompt the Federal Reserve to consider rebuilding a liquidity buffer in the $12.6 trillion market. Federal Reserve policymakers will hold a meeting this week, and current indications suggest that reserves within the banking system are no longer sufficient. Market participants believe policymakers should take measures such as resuming direct securities purchases to replenish reserves. It is expected that Federal Reserve Chair Powell may provide clues at the conclusion of the meeting on Thursday (UTC+8).

[U.S. Office of the Comptroller of the Currency Confirms Banks Can Engage in Risk-Free Principal Crypto Asset Transactions] The U.S. Office of the Comptroller of the Currency (OCC) today issued Interpretive Letter 1188, confirming that national banks are permitted to engage in activities related to risk-free principal crypto asset transactions. Such transactions involve banks acting as principals in crypto asset transactions with one client while conducting offsetting transactions with another client. Banks act as intermediaries, do not hold crypto asset inventories, and operate in a manner similar to agency brokers. Activities must be conducted in a safe and sound manner and comply with legal requirements.

The world's biggest stablecoin issuer struggled to maintain banking relationships for a few years and faced accusations it wasn't fully backing its circulating tokens — then one of the world's biggest financial firms, Cantor Fitzgerald, became its custodian.

President Donald Trump tapped a former college football player to run offense on his digital assets agenda.