SSV Labs plans to reduce budget and extend network hosting services until mid-2027 SSV Labs, the core developer of the Ethereum staking protocol SSV Network, has submitted a DIP-59 proposal to revise and extend the previous DIP-31 protocol, extending the network hosting service period from January 1, 2025 to June 30, 2027. Due to the current market environment and DAO financial situation, the scope of work covered by the proposal has been reduced compared to previous years and plans, with a focus on "maintenance" rather than "expansion roadmap". SSV Labs is responsible for maintaining the protocol implementation, ensuring that the network has the ability to respond to forks, maintaining the current main network smart contracts, and ensuring the normal operation of various operational and user oriented functional modules.
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More >Polymarket's PM Derivatives has received NFA approval, but is still awaiting CFTC approval.
Polymarket's PM Derivatives LLC has received approval from the National Futures Association (NFA) to operate as a futures commission broker, but still needs approval from the Commodity Futures Trading Commission (CFTC) to conduct full-collateralized brokerage (FCM) business. PM Derivatives plans to operate on a fully collateralized basis, with all positions fully funded at the time of trade. PM Derivatives CEO Nikhil Joshi stated that this approval is a fundamental step for the company. An NFA spokesperson confirmed the approval and said that PM Derivatives has met all the requirements for FCM registration. (Source: Reuters)
金与正：币安黑客事件是美国敌对政策的延伸
[Kim Yo-jong: Binance Hack is an Extension of US Hostile Policy] Kim Yo-jong, Director of the General Affairs Department of the Workers' Party of Korea, issued a statement on the 4th, viewing the Binance hack as an extension of the US's hostile policy towards North Korea, and claiming that the US attempted to gain political advantage through the incident. Kim Yo-jong stated that dialogue is not necessarily in North Korea's national interest, and that North Korea has no need to sit down with hostile individuals, hinting at possible strong countermeasures. US President Trump stated that if North Korea was behind the hack, he would communicate with North Korea on the matter. (Source: Yonhap News Agency)
The probability of the Federal Reserve raising interest rates by 25 basis points in December is 78.9%.
According to CME's "FedWatch" data, the probability of the Federal Reserve keeping interest rates unchanged in December is 21.1%, and the probability of raising rates by 25 basis points is 78.9%. The probability of the Federal Reserve keeping interest rates unchanged by January next year is 15.3%, the probability of raising rates by a cumulative 25 basis points is 63.0%, and the probability of raising rates by a cumulative 50 basis points is 21.8%.
Trump: Military action against Iran not ruled out
Iran demanded that the United States respond to seven conditions and stated that there has been no new progress in the Iran-US negotiations. Qatar stated that the US and Iran are studying mediation options and both sides remain willing to continue negotiations. US President Trump indicated that he does not rule out military action against Iran after the midterm elections. (Source: CCTV)
Israeli officials are concerned about US President Trump's statement regarding the termination of security aid.
Israeli officials and defense agencies are concerned about US President Trump's announcement that security assistance to Israel is about to end, as Israel has not yet received official documentation. Israeli government departments were surprised by the US decision. Israel's Channel 12 television reported that the decision will impact the US-Israel military procurement agreement and the Israeli Defense Forces' procurement plans. The Israeli defense sector is unclear about the meaning of Trump's statement and the timeline for its implementation. (Source: Xinhua News Agency)