[U.S. Interest Rate Futures Expect Fed Easing of 62 Basis Points Next Year] After the release of CPI data, U.S. interest rate futures expect the Federal Reserve's easing next year to be 62 basis points.

[U.S. SEC Releases FAQ on Crypto Assets and Distributed Ledger Technology Regulation] The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets has released a FAQ document regarding activities involving crypto assets and distributed ledger technology (DLT). The document states that non-security crypto assets are not subject to the requirements of Section 15c3-3 of the Securities Exchange Act, and the SIPC does not provide protection for such non-registered products. However, it is recommended to treat them as 'financial assets' to enhance bankruptcy isolation. The SEC permits compliant exchanges to offer trading pairs of crypto securities and non-security assets, does not oppose the use of blockchain as the primary ledger, and clarifies that registered broker-dealers operating ATSs may internally settle customer trades.

[Probability of Fed Rate Cut in January 2026 Rises to 28.8% After November CPI Release] After the release of the November Consumer Price Index (CPI) data, U.S. federal funds rate futures indicate that the probability of the Federal Reserve cutting rates in January 2026 has risen from the previous 26.6% to 28.8%.

[The U.S. November Unadjusted Core CPI Year-on-Year Recorded at 2.6%, the Lowest Since March 2021] The U.S. November unadjusted core CPI year-on-year recorded at 2.6%, the lowest since March 2021.

[CZ: True Victory Depends on Team Execution and Long-Term Commitment] Binance founder CZ stated during a year-end Q&A session that it is currently too early to determine which features will prevail. Usability, capital efficiency, fees, security, and profitability are very important to users. Regarding high-profile events such as next year's U.S. election, teams that can remain on standby around the clock may have a short-term advantage. True victory is achieved in long-term competition, depending on the team's execution capabilities as well as long-term commitment and determination.