24-Hour Hot Cryptocurrencies and News | Trump says some economic policies have not yet taken effect, midterm election results remain uncertain; negotiations on the US crypto market structure bill continue, possibly delayed until January (December 15).

1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

• BTC: -2.09%
• ETH: -1.3%
• SOL: -2.36%
• BNB: -1.59%
• DOGE: -2.77%
• ZEC: -8.39%
• BAR: -0.84%
• IDEX: -3.73%
• ASTER: -2.51%
• ACM: -3.72%

24-hour gainers list (data source: OKX):

• NAVX: +1027%
• ZENT: +8.96%
• Major: +8.52%
• PARTI: +6.27%
• KMNO: +2.88%
• MEMEFI: +2.52%
• KITE: +2%
• FIL: +1.76%
• CFX: +1.37%
• STRK: +1.17%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

• OKLO: +0.89%
• FLY: +0.54%
• SQQQ: +0.41%
• DFDV: +0.18%
• RGTI: +0.15%
• BE: +0.14%
• MU: +0.11%
• SOXL: +0.1%
• SBET: +0.1%
• NVDA: +0.09%

2. Top 5 trending on-chain memes (data source: GMGN ):

• HERO
• Jeff
• WET
• jellyjelly
• pipin

Headlines

Trump stated that some economic policies have not yet shown results, and the outcome of the midterm elections remains uncertain.

In an interview this week, Trump stated that his administration is actively promoting billions of dollars in investment into the United States, believing that such funds will help improve and reshape the American economic structure. However, Trump also admitted that some economic policies have not yet fully taken effect, making it difficult to judge whether these measures will translate into a political advantage for the Republican Party in next fall's midterm elections.

Trump pointed out that it is still uncertain whether the Republican Party can continue to control the House of Representatives after the midterm elections, and the election results will be affected by multiple factors such as the pace of economic policy implementation and voter sentiment.

Negotiations on the US crypto market structure bill continue and may be delayed until January next year.

Negotiations in the U.S. Senate on the cryptocurrency market structure bill may be delayed until January next year due to unresolved disagreements on several points.

The legislative text has been circulating privately among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, chaired by Patrick Witt, President Donald Trump's crypto advisor. Negotiations involve Senate Democrats and Republicans, the White House, and the crypto industry, and four major points of contention remain to be resolved. These include ethical considerations regarding government officials' involvement in digital assets, particularly President Donald Trump's involvement; whether stablecoins should be pegged to yield; and the Securities and Exchange Commission's (SEC) jurisdiction over tokens and decentralized finance (DeFi).

Patrick Witt posted on the X platform that the White House and Senate Republicans are "aligned on the need to protect software developers and DeFi." Despite the differences, the intensity and pace of negotiations remain high. Digital Chamber CEO Cody Carbone stated that all parties have a genuine desire and motivation to complete the legislation, and tangible progress is expected by early next year.

Citigroup: Upcoming non-farm payroll report may release more conflicting signals

The Financial Times analysis points out that next Tuesday's US non-farm payrolls report will include data from October and November, finally providing policymakers and investors with a more complete picture of the US labor market and ending months of partial uncertainty. Following a contentious meeting this week, the Federal Reserve lowered interest rates to a three-year low, with several officials dissenting, the debate centered on whether to prioritize addressing high inflation or a weak job market. Citigroup economists note that the upcoming jobs report may release more conflicting signals. The bank expects a loss of approximately 45,000 jobs in October but an increase of 80,000 in November. Citigroup economists suggest this rebound may be more related to seasonally adjusted data rather than a "real improvement in worker demand." They also predict the unemployment rate will rise from 4.4% to 4.52%, while a Reuters poll of economists shows 4.4%. The Fed's own quarterly forecasts indicate a median unemployment rate of approximately 4.5% by the end of the year.

Crypto derivatives exchange Bitnomial receives CFTC approval to launch prediction market

Crypto derivatives exchange Bitnomial has announced that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to clear fully collateralized swap contracts, enabling it to offer prediction market services. Currently, the service will focus on two main areas: cryptocurrencies and economic events. In addition, Bitnomial Clearinghouse, the exchange's clearing function, can also provide a wider range of clearing services to its partners' prediction markets, thereby gaining collateral liquidity between the U.S. dollar and cryptocurrencies.

A suspected new BitMine wallet withdrew 23,637 ETH from Kraken, worth approximately $73.4 million.

According to OnchainLens monitoring, a newly created wallet address withdrew 23,637 ETH from Kraken, worth approximately $73.4 million. On-chain data shows that the address's behavior is similar to that of the Ethereum treasury company BitMine, suggesting it may be an associated wallet.

Industry News

Ethereum Prysm client experiences mainnet incident: resource exhaustion leads to large-scale missing blocks and witnesses.

The Prysm team released a mainnet incident recap report stating that during the Ethereum mainnet Fusaka session on December 4th, almost all Prysm beacon nodes ran out of resources while processing specific attestations, resulting in their inability to respond to validator requests in a timely manner and causing a large number of missing blocks and witnesses.

The incident affected epochs 411439 to 411480, a total of 42 epochs. 248 blocks were missing out of 1344 slots, a missing rate of approximately 18.5%. Network participation dropped to 75% at one point, and validators lost approximately 382 ETH in witness rewards. The root cause was that Prysm received attestations from nodes that might have been out of sync with the mainnet. These attestations referenced the block root of the previous epoch. To verify their validity, Prysm repeatedly replayed the old epoch state and performed costly epoch transitions, causing nodes to exhaust resources under high concurrency. The related defect originated from Prysm PR 15965, which had been deployed to the testnet a month prior but did not trigger the same scenario.

The son of a Ukrainian deputy mayor was kidnapped and murdered by a classmate because of his cryptocurrency assets. The suspect forced him to reveal his wallet's password before setting the house on fire to silence him.

In late November of this year, a car arson and murder case related to cryptocurrency occurred in Vienna, Austria. Local police disclosed that two suspects were recently apprehended in Ukraine. The victim was Danila Kuzmin, the 21-year-old son of Sergei Kuzmin, the deputy mayor of Kharkiv, Ukraine.

Police investigations revealed that the suspects' motive was to obtain the victim's cryptocurrency wallet passwords. While studying in Vienna, Daniela had revealed her father's identity and information about her family's cryptocurrency assets to one of the suspects. Subsequently, Daniela was attacked in the underground parking lot of the Sofitel Hotel in Vienna, forcibly taken away, and held captive in a car for several hours, during which she was subjected to continuous beatings and torture until she handed over the passwords to two cryptocurrency wallets.

Vienna police confirmed that large sums of money were subsequently transferred from Daniela's cryptocurrency wallet. After emptying her cryptocurrency assets, the suspect abandoned Daniela in the back seat of a vehicle and set it on fire. The burned Mercedes-Benz had Ukrainian license plates and was registered under the names of her family members.

Exor refuses to sell its controlling stake in Juventus, Tether's takeover offer is rejected.

The board of directors of Exor, the majority shareholder of Italian football club Juventus, unanimously decided to reject a takeover offer from stablecoin issuer Tether. In a statement, Exor said it "has no intention of selling its Juventus shares to any third party," which explicitly includes Tether.

Previously, Tether proposed to acquire Exor's 65.4% stake in Juventus in cash, and stated that if the deal went through, it planned to invest an additional $1 billion in the club's development. Tether currently holds approximately 10% of Juventus' shares and has repeatedly expressed its desire to play a more active role in the club's governance.

Exor emphasized that the Agnelli family, as Juventus' stable controlling shareholder for over a century, will continue to support the club's management in executing its established strategies. Following the news of Tether's acquisition, Juventus-related token JUV surged over 32% in the past 24 hours. As of now, Tether has not publicly responded to Exor's decision.

Project News

Moonbirds plans to issue its BIRB token on Solana in Q1 of 2026, positioning it as a "Web3 version of Pop Mart".

At the Solana Breakpoint conference, Orange Cap Games CEO Spencer stated that Moonbirds plans to issue its token BIRB on the Solana network in the first quarter of 2026. Spencer also proposed that the team aims to make Moonbirds the "Pop Mart of the Web3 industry," with a strategic focus on the development of collectible assets, including a combination of on-chain and real-world (IRL) digital and physical collectibles.

Solana Mobile: Partnering with chip manufacturers, plans to bring hardware integration kits to over 2 billion Android phones.

Solana officially announced on the X platform that Solana Mobile is working with chip manufacturers to bring hardware integration kits to over 2 billion Android phones.

Rate-X has opened airdrop tracking; the snapshot was taken on December 1st.

Solana's ecosystem-structured revenue product Rate-X is now available for airdrop tracking, with over 42,000 addresses eligible for the airdrop.

The snapshot was taken on December 1st. Any Rate-X points earned after the snapshot will carry over to Season 2, and the rules for Season 2 will be announced soon.

FOLKS' 24-hour contract trading volume on Binance reached $2.35 billion, ranking among the top three only after BTC and ETH.

According to on-chain analyst Ai Yi, FOLKS' 24-hour contract trading volume on Binance reached $2.35 billion, ranking among the top three, only behind BTC and ETH. After several rounds of price fluctuations, its current trading volume (OI) is still $29.83 million.

Of the 294 smart money traders, 65% of the accounts (191) chose to go long, with a total position of $6.18 million and an average opening price of $21.88.

Meanwhile, 35% of short-selling investors (103) held positions totaling $2.57 million, with an average opening price of $15.64, most of which were likely in a state of holding onto losing positions opened at low points.

Investment and Financing

YO Labs completes $10 million Series A funding round, led by Foundation Capital.

YO Labs, the development team behind the yield optimization protocol YO Protocol, announced that it has completed a $10 million Series A funding round, led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital. This brings its total funding to $24 million. The company plans to use the funds to expand the protocol to more blockchains and improve its infrastructure.

Regulatory Trends

The UK Treasury has drafted new regulations that would subject the cryptocurrency market to FCA regulation, with the new rules expected to take effect in 2027.

The UK Treasury is drafting new regulations aimed at bringing cryptocurrencies and digital assets under regulation. Under this legislation, cryptocurrencies would be regulated in a manner similar to other financial products, and the legislation is expected to come into effect in 2027. The new regulations will require cryptocurrency companies to meet a range of standards overseen by the Financial Conduct Authority (FCA).

UK Chancellor of the Exchequer Rachel Reeves stated that bringing cryptocurrencies under regulation is a crucial step in ensuring the UK remains a leading global financial center in the digital age. This move will provide clear rules for businesses, stronger protection for consumers, and keep criminals out of the UK market.

Under the proposed amendments, companies offering cryptocurrency services would fall under the FCA's jurisdiction and their services would be regulated like other financial products, including compliance with transparency standards. These companies would include cryptocurrency exchanges and digital wallets, and would be required to register with the FCA if their services fall within the scope of UK anti-money laundering regulations.

Former Vice President of Bank of China: The policy orientation of firmly promoting the development of digital RMB and curbing virtual currencies is fully clear.

In his article, "Grasp the Essence, Embrace Innovation, and Effectively Accelerate the Development of the Digital RMB," Wang Yongli, former vice president of the Bank of China, points out that China's policy orientation of firmly promoting the development of the digital RMB and resolutely curbing virtual currencies is fully clear. This policy orientation has exceeded the strong expectations of many and is still subject to considerable social controversy. Therefore, it is necessary to explain the reasons for resolutely curbing virtual currencies, while simultaneously accelerating the innovative development and widespread application of the digital RMB both domestically and internationally, quickly establishing its unique advantages in international payments, and forging a successful Chinese path for the development of digital currencies.

The US SEC has released guidelines for the custody of crypto assets, systematically outlining wallet types and key risks.

The U.S. Securities and Exchange Commission (SEC) released guidance for investors on crypto wallets and asset custody on Friday, outlining the advantages and risks of different crypto asset storage methods. The guidance compares self-custody and third-party custody models and reminds investors to carefully examine whether the custodian institution engages in asset rehypothecation and whether client assets are commingled when choosing a third-party custodian.

The SEC also outlined the key differences between hot and cold wallets: hot wallets, being connected to the internet, face higher risks from hacking and cybersecurity; while cold wallets reduce the risk of online attacks, damage to storage devices, theft, or loss of private keys can lead to permanent asset loss. Market analysts believe this guidance indicates a significant shift in the SEC's regulatory stance towards the crypto industry. The previous day, SEC Chairman Paul Atkins stated that the traditional financial system is rapidly migrating to on-chain mechanisms, and the SEC had approved the DTCC to begin exploring the tokenization of assets such as stocks, ETFs, and government bonds.

Character voices

Analysis: The market is closely watching several macroeconomic data releases next week; if BTC falls below $86,000, a larger correction may occur.

The cryptocurrency market remained weak on Sunday, with Bitcoin falling below the $90,000 mark. The market appeared to pause briefly ahead of a series of macroeconomic data releases in the coming days. Investors will be closely watching a range of employment indicators, including the unemployment rate, ADP employment data, and weekly initial jobless claims, as well as November inflation data and the yen's interest rate hike. Currently, the cryptocurrency market remains range-bound with low trading volume and limited market confidence. Analyst Ali Martinez pointed out that $86,000 remains a crucial level for Bitcoin to hold; a breach of this support level could lead to a more significant pullback.

10x Research: The four-year cycle of Bitcoin has not disappeared; it's just that the core driving factor is no longer anchored to the halving event.

In a recent interview, Markus Thielen, Head of Research at 10x Research, stated that the "four-year cycle" of Bitcoin hasn't disappeared; it's just that the core driver is no longer anchored to halving events. The Bitcoin market reached historical peaks in 2013, 2017, and 2021. This year, despite the recent interest rate cuts by the Federal Reserve, Bitcoin hasn't regained its strong upward momentum. This is because institutional investors, while now the dominant force in the crypto market, are making more cautious decisions. With the Fed's policy signals still wavering and overall liquidity tightening, the pace of capital inflows has slowed significantly, weakening the momentum needed for a sustained price breakout. Until liquidity improves significantly, Bitcoin is more likely to maintain range-bound trading and consolidation rather than quickly entering a new round of parabolic upward movement.

Bitwise Advisor: Bitcoin OG whales are continuing to sell off, which may hinder price increases.

Bitwise advisor Jeff Park wrote that the current market structure is fundamentally unfavorable for a substantial price increase in Bitcoin. This is because, on the one hand, Bitcoin OG holders continue to sell, while demand from ETFs and DAT is simultaneously slowing. For Bitcoin to break out of its current pattern, it must return to significantly higher implied volatility levels, especially upward volatility, in a sustained manner. Back in November, he stated "volatility or death," and shared the first unusual breakout signal at the time, finally seeing volatility begin to rise and rekindling some hope. However, unfortunately, implied volatility has been completely suppressed again over the past two weeks. From a high of 63% in late November, it has now fallen to 44%.

NYDIG: The initial benefits of stock tokenization to crypto networks are limited, but will gradually increase if decentralized integration is achieved.

Greg Cipolaro, Global Head of Research at NYDIG, said that the tokenization of real-world assets (RWAs) such as stocks will have limited direct benefits for the crypto market and blockchain networks in the early stages, but their long-term value is expected to be gradually realized as accessibility, interoperability and composability improve.

Cipolaro points out that in the short term, the main revenue of blockchain networks comes from transaction fees generated by tokenized assets, as well as the network effects accumulated from the custody of these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, and enter DeFi scenarios as collateral, lending assets, or trading instruments, the benefits to related networks will significantly increase.

He believes that tokenization is becoming an important trend. As the regulatory environment becomes clearer and infrastructure continues to improve, the on-chain use cases for RWAs such as stocks are expected to expand. However, the forms of tokenized assets currently vary greatly, and most still rely on compliance structures in the traditional financial system, such as KYC, whitelisted wallets, and transfer agents, which limits their combinability.

Cipolaro also pointed out that although the current economic impact on traditional crypto assets is not significant, if future regulation becomes more open and tokenized assets achieve wider democratization, their coverage and on-chain value capture capabilities will be significantly enhanced, and investors should continue to pay attention to them.