SEC Chairman Atkins: The Bitcoin Market Structure Act is about to be passed

[Wall Street Attempts to Block Trump's Nomination of Hassett as Fed Chair] On December 4, Fox Business reporter Charles Gasparino revealed that Wall Street and the U.S. business community are working to dissuade Trump from nominating Kevin Hassett as Federal Reserve Chair. The opposition cites Hassett's political background (Director of the National Economic Council) and lack of credibility, arguing that such a nomination could undermine the Fed's independence, lead to higher long-term interest rates, and cause internal turmoil. If Hassett were to lower short-term interest rates through a split vote to address inflationary pressures, it could be seen as political interference, triggering inflation and driving up mortgage and consumer rates, thereby impacting economic performance. Other potential candidates include Kevin Warsh and Federal Reserve Governor Christopher Waller.

Hedera gains on elevated volume while establishing support above $0.1427 during measured advance that coincides with significant institutional developments.

[A certain whale newly purchased 2,732 ETH, with a total investment exceeding $11.12 million] On-chain analysis shows that a certain whale previously established a position of 736 ETH ($2.96 million) at an average price of $4,026 on September 25. To dilute costs, the whale added 2,732 ETH at an average price of $2,988 between December 2 and 3, investing $8.16 million. As of now, the whale has invested a total of $11.128 million to purchase 3,468 ETH, with an average cost of $3,208.8 per ETH, resulting in an unrealized loss of $420,000.

The world’s largest asset manager released its AI report with a bearish outlook on U.S. bonds and the country’s economy, and presented a bullish projection for crypto adoption.

[He Yi Talks About Binance Listing Meme Coins: Striking a Balance Between Trading Options and Risk Control] On December 3, Binance Co-CEO He Yi stated in an interview that Binance needs to dynamically balance meeting user demand and platform risk control requirements when it comes to listing Meme coins. He Yi mentioned that users' focus on Meme coins lies in their emotional resonance and trading attributes, rather than the issuer or the name. Binance hopes that the tokens it lists perform well, but this is not always realistic. Therefore, the platform communicates with project teams to lower TGE pricing or provide more airdrops, which has also led to rumors of 'sky-high listing fees.' He Yi further pointed out that some Meme coins lack fundamentals, yet users are still willing to trade them. Binance must continuously navigate the trade-off between market demand and risk control.