The White House Office of Management and Budget is reviewing a proposal from the SEC regarding broker-dealers' digital asset businesses, which was submitted earlier this week. The SEC is expected to consider proposals to amend broker-dealers' financial responsibilities, record-keeping, and reporting requirements to clarify how the rules apply to crypto assets. (Source: Bloomberg) The U.S. Commodity Futures Trading Commission (CFTC) submitted another proposal this week to the White House Office of Management and Budget, aiming to strengthen consumer protection measures in forecasting markets. (Source: Bloomberg)

The post-election rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.

USDC deposits on the Morpho protocol reached a record high of $4.1 billion.

Amundi, Europe's largest asset manager, has launched a tokenized stock index fund on Ethereum. (Watcher.Guru)

Chainalysis claims that hackers used "offensive agent technology" to expose all users' names, usernames, password hashes, and valid tokens, and that some customers' KYT accounts were suspected of being accessed without authorization. Chainalysis has taken its transaction monitoring tools, address screening, and investigation platform offline and has asked all users to reset their passwords and rotate their API keys. Japanese exchange Coincheck has suspended cryptocurrency withdrawals due to a malfunction in its external on-chain analytics service, while ICONOMI has also suspended withdrawals citing a Chainalysis service issue.