[U.S. Treasury Secretary Besent Speculates Fed Chair Nominee to Be Announced in Early January] U.S. Treasury Secretary Besent stated that it is speculated the Federal Reserve Chair nominee will be announced in early January.

The Bitcoin sell-off is driven by a combination of leverage clearing and spot selling, and as the forced sell-off subsides, the price may stabilize. （Bitcoin Archive）

[Spanish Regulator CNMV Releases Q&A on MiCA Transition Rules] The Spanish National Securities Market Commission, Comisión Nacional del Mercado de Valores (CNMV), has published a Q&A document outlining plans for the implementation of the European Union's Markets in Crypto-Assets Regulation (MiCA). The document details aspects related to authorization, notification, daily operations, and transitional arrangements for cryptocurrency companies, urging platforms to make a 'comply or exit' decision when MiCA comes into effect. Additionally, the document clarifies the scope of application, interaction with existing national registrations, and the handling of cross-border activities during the transition period.

[OKX Launches Spot Margin Trading Service for European Customers] On December 16, OKX announced the launch of spot margin trading services for European customers. Operating within the framework of local regulatory requirements, the service increases the leverage multiplier for spot margin trading to 10x and introduces a cross-margin mode, allowing customers to use their entire investment portfolio as collateral. OKX stated that this product leverages OKX's global risk management infrastructure and reserve verification system to provide margin trading access to European users.

[Binance Wallet to Launch Exclusive Infrared Token IR TGE Event Tomorrow] Binance Wallet will launch the exclusive Infrared Token IR TGE event tomorrow from 16:00 to 18:00 (UTC+8). Eligible users must use Binance Alpha Points to participate.