According to Odaily Planet Daily, Trump said he will announce the new chairman of the Federal Reserve early next year.

According to Odaily, South Korea's ruling Democratic Party has asked the government to submit a new bill by December 10 to regulate stablecoins pegged to the Korean won.

Kang Jun-hyun, convener of the Democratic Party's Political Affairs Committee, stated that the draft bill would only allow consortia with at least 51% commercial bank ownership to issue fiat-backed tokens. Kang Jun-hyun said this move aims to reconcile the positions of the Bank of Korea, the Financial Services Commission, and the banking industry.

If the government fails to act, Kang Jun-hyun stated that Congress will lead and advance legislation. The proposal would restrict stablecoin issuance to consortia with commercial banks holding at least 51% ownership, aiming to resolve long-standing disputes regarding the eligibility of issuers. However, the Financial Services Commission subsequently issued a statement saying, "Nothing has been finalized regarding the consortium proposal." (DLnews)

According to Odaily Planet Daily, in an interview with CNBC, U.S. Securities and Exchange Commission Chairman Paul Atkins claimed that the U.S. "resistance" to cryptocurrencies has been "too long."

Odaily reports that Polish President Karol Nawrocki has vetoed a proposed Crypto-Asset Market Act aimed at introducing stricter regulations for the country's crypto industry. The president's office confirmed in a statement on Monday that he would not sign the bill.

President Karol Nawrocki rejected the bill, arguing that it "genuinely threatens the freedom, property, and stability of the Polish people" and that its length (over 100 pages) far exceeds the requirements of the EU's MiCA (Military Access Control Agreement). His biggest objection was a clause granting authorities the power to block encryption-related websites.

Polish Finance Minister Andrzej Domański posted on the X platform that the president's choice would expose consumers to risks, calling Karol Nawrocki's decision "chaos." Deputy Prime Minister and Foreign Minister Radosław Sikorski also believed the bill was necessary to curb fraud. Industry figures welcomed the rejection, arguing that consumer protection should not come at the cost of excessive control.

According to Lookonchain monitoring, Odaily Planet Daily reported that the UXLINK attacker (0x521...9309) bought 702.5 ETH (worth $2 million) at an average price of $2,847 two hours ago, and bought 38.2 WBTC (worth $3.38 million) at an average price of $88,530.

According to Hyperbot data, as reported by Odaily Planet Daily, after replenishing his margin by $250,000, "Brother Machi" has been continuously adding to his long positions in ETH over the past 22 hours. His total open interest is currently $24.3 million, with an opening price of $2,898 and a floating profit of $890,000. The account's total value is $1.51 million, and the leverage is 16x.

According to Whale Alert monitoring, as reported by Odaily Planet Daily, Tether Treasury minted 1 billion USDT on the Tron network 3 minutes ago.

According to Odaily Planet Daily, Bloomberg ETF analyst Eric Balchunas stated in an article published on the X platform that on the first trading day after Vanguard lifted its ban on Bitcoin ETFs, Bitcoin rose 6% at the opening of the US stock market. Furthermore, IBIT saw $1 billion in trading volume within the first 30 minutes of trading.

He stated, "I knew that Vanguard Group people have a bit of an adventurous spirit in their bones; even the most conservative investors like to add a little excitement to their portfolios."

According to CRANE data, as reported by Odaily Planet Daily, the size of assets in the US money market has surpassed $8 trillion for the first time. (Jinshi)

According to Coinglass, as reported by Odaily Planet Daily, 124,896 people were liquidated in the global cryptocurrency market in the past 24 hours, with a total liquidation amount of $421 million. Of this, $225 million was liquidated from short positions and $196 million from long positions.

The largest single liquidation occurred in the Bybit - BTCUSD trading pair, worth $13 million.

According to The Information, OpenAI is developing a large-scale language model called "GARLIC".

According to Forbes, Vanguard and Merrill Lynch announced this week that they will expand client access to crypto ETFs. Furthermore, Charles Schwab stated that he will allow Bitcoin trading on his platform in the first half of 2026. This means that over $30 trillion will be available for purchasing BTC in the coming months.

For established firms like Vanguard and Merrill, who adhere to a "don't be evil" policy, it's better to miss out on big deals or products than to recommend products that ultimately run into problems. Therefore, these firms have been patiently observing the asset and its success since the ETF's launch on January 11, 2024.

These institutions undoubtedly received countless inquiries from clients about accessing these products and saw meaningful outflows and inflows of funds into them. Therefore, for business reasons, they began allowing clients to purchase these ETFs directly on their platforms.

Over the past two years, the regulatory environment surrounding Bitcoin has changed significantly, with compliance and regulatory risks receding and being replaced by a government attitude that encourages the financial industry to accept and adopt these products.

In conclusion, the conditions are ripe for new large platforms to enter the Bitcoin space. Even if only 0.25% of the capital of Vanguard, Merrill Lynch, and Charles Schwab flows into Bitcoin, it represents an additional $75 billion in purchasing pressure that could see inflows over the next 12-24 months. Coupled with easing monetary conditions, strong growth is expected in 2026.