According to data from Polymarket, as reported by Odaily Planet Daily, the probability of the Federal Reserve cutting interest rates by 25 basis points next week has risen to 92%.

Odaily Planet Daily reports: US President Trump: We've evaluated 10 candidates for the Federal Reserve, and we only have one left to choose from. (Jinshi)

According to data from Coinglass, as reported by Odaily Planet Daily, $253 million in positions were liquidated across the network in the past 4 hours, with $18.9585 million in long positions and $234 million in short positions. Apart from BTC and ETH, the largest liquidation in the past 4 hours was in SOL, with $11.66 million liquidated.

Odaily Planet Daily reports: US Treasury Secretary Bessenter: The US will achieve low-inflation growth, and inflation will continue next year. (Jinshi)

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."