[Tidal Trust Submits Two Bitcoin ETF Applications to the SEC, Planned for 2026 Launch] Tidal Trust has filed a registration statement with the U.S. Securities and Exchange Commission, planning to launch two actively managed ETFs: Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) and Nicholas Bitcoin Tail ETF (BHDG). NGHT employs an overnight rotation strategy, establishing long Bitcoin exposure during overnight hours and allocating to short-term treasuries and cash equivalents during U.S. stock trading hours. The investment advisor for this series of funds is Tidal Investments LLC, with an expected launch in 2026.

[The Federal Reserve to Announce Rate Decision Early Thursday, Market Expects a 25 Basis Point Cut] The Federal Reserve will announce its rate decision at 03:00 on Thursday, with the market expecting a 25 basis point cut to 3.50%-3.75%. There is division within the FOMC, with some voting members possibly opposing further rate cuts. Due to the government shutdown causing the absence of key October data, changes to the SEP and dot plot are expected to be limited. The market is focused on whether the Fed will introduce a 'Reserve Management Purchase Program' (RMP) after ending balance sheet reduction. Bank of America predicts the Fed may purchase approximately $45 billion in short-term Treasury securities per month starting in January, which, combined with MBS reinvestment, could reach around $60 billion. If the RMP is announced, the meeting's focus may shift to the balance sheet rather than the interest rate path.

Ondo released data showing that Bitget's on chain US stock token business has recently dominated the market share. The cumulative trading volume of Bitget US stock contracts has exceeded $10 billion. In the first week of December, the trading volume of the platform exceeded 88 million US dollars, with a market share of 73%. (Ashes)

[Binance Convert Launches Instant Trade Take-Profit and Stop-Loss Features] On December 10, Binance Convert officially launched the take-profit and stop-loss order features for instant trades. Users can set automatic trigger prices for instant orders to automatically lock in profits or limit losses. The system dynamically verifies prices based on real-time market data, allowing users to modify values after the order is created and directly create, edit, or cancel orders on the interface. If there are price changes, the system will send email notifications.

The Canadian fintech has already put data tied to about $412 million in funded mortgages onchain, and aims to migrate more than 29,000 loans over time.