Author: Deep Tide TechFlow
Yesterday's market dynamics.
Spot gold has risen to $4450 per ounce this morning, setting a new historical high.
According to Jinshi Data, spot gold has risen to $4450 per ounce this morning, setting a new historical high, with an intraday increase of 0.15%.
Michael Selig has officially sworn in as the U.S. CFTC chairman.
According to Cryptobriefing, Bitcoin supporter Michael Selig has officially sworn in as the chairman of the U.S. Commodity Futures Trading Commission (CFTC), after being confirmed by the U.S. Senate.
Selig stated in a statement that the CFTC is entering a significant transformation period, driven by rising retail participation and the emergence of new products and platforms. He pointed out that the agency will play a greater role in developing practical regulatory standards for the digital asset market while maintaining the stability and security of the U.S. derivatives market. Selig emphasized: "We are at a unique moment where various new technologies, products, and platforms are emerging, retail participation in commodity markets is at an all-time high, and Congress is about to submit legislation on the structure of the digital asset market to the president, solidifying the U.S. position as the 'cryptocurrency capital.'"
Before joining the CFTC, Selig served as senior advisor to Paul Atkins, the chief legal advisor and chairman of the SEC cryptocurrency working group.
Federal Reserve Governor Milan: The necessity for a 50 basis point rate cut has weakened.
Federal Reserve Governor Milan stated that with the recent adjustments in monetary policy, the necessity for a 50 basis point rate cut he previously advocated has weakened. Milan pointed out that there were some unusual fluctuations in the prior inflation data, some of which were related to government shutdowns. These unusual signals indicate that the Federal Reserve's policy stance should adjust towards a more accommodative direction. He emphasized that there is currently no risk of the economy entering a recession in the short term, but he believes that the neutral interest rate level has clearly declined, and monetary policy must reflect this structural change. If the policy rate fails to continue to decline towards the new neutral level, it may instead increase the risk of an economic recession. Additionally, regarding his own tenure, Milan candidly stated that he is uncertain whether he will remain in position. He said, 'If by the end of January no successor has been confirmed, I will assume that I will continue to serve.'
The Uniswap 'UNIfication' fee switch proposal has reached the passing threshold of 40 million votes and will take effect this week.
According to Cointelegraph, the proposal for Uniswap's fee switch 'UNIfication' has reached the passing threshold of 40 million votes and will take effect this week.
As of Monday, the proposal has received nearly 69 million votes in favor, with voting set to conclude on Thursday (Christmas Day). After the proposal passes, there will be a two-day time lock period, after which the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering UNI token destruction.
The proposal will destroy 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider returns. These changes are expected to significantly improve the supply-demand dynamics of UNI tokens, enhancing their long-term holding value.
Since the voting began, the UNI price has increased by over 25%, currently trading at $6.19.
Espresso: ESP airdrop qualification query is now open, token claiming will open in early 2026
According to an official announcement, the blockchain infrastructure Espresso Foundation has officially launched the $ESP token registration portal. Users can now connect their wallets to check if they qualify for the Espresso airdrop. The token claim page will open in early 2026.
Earlier news indicated that Espresso completed a $28 million Series B funding round in 2024, led by a16z.
Hyperliquid responds to transparency concerns, emphasizing that its on-chain solvency is fully verifiable.
Hyperliquid's official statement responds to recent criticisms of its platform. The statement emphasizes that Hyperliquid is built on the foundation of on-chain transparency, with the platform fully collateralized, and every dollar traceable and verifiable. The official pointed out that critics have overlooked the existence of HyperEVM USDC, incorrectly claiming that the system is short of $362 million.
The statement clarifies that testnet features are only for testing environments and cannot be executed on the mainnet; the platform has no privileged users or fee waivers; the CoreWriter function is misunderstood and cannot mint tokens or move user funds arbitrarily.
Hyperliquid emphasizes that as the only major perpetual contract platform with complete transparency of all states and transactions, anyone can run a node to verify on-chain states, and every order, transaction, and liquidation can be checked in real-time, a transparency advantage not possessed by other major trading platforms.
Insiders: Polymarket plans to launch its own L2.
Polymarket trader PredictTrader (@polymarketbet) summarized recent information released by Polymarket team member Mustafa in a social media post, highlighting the following points:
Polymarket plans to migrate away from Polygon and intends to launch its own Ethereum L2 service POLY. Launching POLY is a 'top priority.'
Polymarket plans to abandon all third-party vendors (GoldSky, Alchemy, etc.).
This week, Polymarket will launch a 5-minute market.
Japan's largest Bitcoin-holding company, Metaplanet, approves the issuance of dividend-preferred shares.
According to Cointelegraph, Japan's largest corporate Bitcoin holder, Metaplanet, approved a comprehensive reform of its capital structure on Monday, allowing it to raise funds from institutional investors by issuing dividend-preferred shares. The approved proposal includes reclassifying capital reserves, doubling the authorized number of Class A and Class B preferred shares, and modifying the dividend structure to introduce floating and periodic dividends. Class A preferred shares will adopt a monthly floating dividend mechanism, while Class B preferred shares will offer quarterly dividends and be open to international institutional investors. It is reported that Metaplanet currently holds approximately 30,823 Bitcoins, worth $2.75 billion, making it the largest corporate Bitcoin holder in Asia. The company also announced plans to trade in the U.S. over-the-counter market through American Depository Receipts, further expanding its global market presence.
JPMorgan considers providing cryptocurrency trading services to institutional clients
According to Bloomberg, Wall Street giant JPMorgan is assessing the possibility of providing cryptocurrency trading services to its institutional clients. Sources reveal that the bank's market department is exploring the expansion of its cryptocurrency business offerings, which may include spot and derivatives trading.
Coinbase acquires prediction market startup The Clearing Company
According to The Block, Coinbase has reached an agreement to acquire the prediction market startup The Clearing Company, with the transaction expected to close in January 2026. This acquisition is part of Coinbase's 'all-in-one exchange' strategy aimed at deepening its footprint in the event trading field. The Clearing Company team will join Coinbase to help expand its prediction market products. This startup was established this year and received $15 million in seed funding in August, with investors including Coinbase Ventures.
Trump Media spent $13.44 million to increase its holdings by 150 BTC.
According to Arkham monitoring data, about 9 minutes ago, Trump's Trump Media spent $13.44 million to increase its holdings by 150 BTC, bringing Trump Media's total Bitcoin holdings to 11,241 coins, worth approximately $1 billion.
Market dynamics
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