CFTC launches pilot program, BTC/ETH/USDC can be used as collateral for derivatives: The U.S. Commodity Futures Trading Commission (CFTC) has officially launched a pilot program allowing Bitcoin, Ethereum, and USDC to be used as collateral in the derivatives market, open to approved futures commission merchants, with strict custody, reporting, and regulatory requirements. At the same time, the guidelines for tokenized assets have been updated according to the (GENIUS Act), revoking outdated restrictions.
SEC ends two-year investigation of Ondo, no charges filed: The U.S. SEC has announced the conclusion of its two-year investigation into the tokenized company Ondo Finance, with no charges recommended. The investigation focused on the compliance of Ondo's tokenized U.S. Treasury products and whether the ONDO token constitutes a security. This case closure marks the overturning of several crypto regulatory cases during the Biden administration, with the pro-crypto SEC chair having closed most related investigations since taking office.
UK FCA simplifies retail investment rules, lowering entry barriers: The UK Financial Conduct Authority announced modifications to rules, eliminating the complex key information document requirements for retail products and replacing them with a concise 'product summary,' aimed at simplifying the public investment process and activating market investment vitality.
BlackRock submits a staking Ethereum ETF application, transferring $110 million in BTC in a single day: BlackRock submitted a prospectus for the iShares Staking Ethereum Trust ETF to the SEC, marking its fourth cryptocurrency-related ETF. On-chain data shows that BlackRock transferred 1,197 BTC (approximately $110 million) and 24,800 ETH (approximately $78.3 million) to Coinbase Prime in one day, continuing to increase its cryptocurrency holdings.
Strategy spent $960 million to purchase 10,624 BTC in a week, with holdings exceeding 660,000: Between December 1 and 7, Strategy purchased 10,624 BTC at an average price of $90,600, spending approximately $963 million. As of December 7, its BTC holdings reached 660,624, with a total value of approximately $49.35 billion, and the holding cost reduced to $74,700.
Robinhood launches ETH/SOL staking, plans to expand altcoin contract business: Robinhood has launched Ethereum and Solana staking services in New York, planning to expand nationwide and enter global markets. It also announced that the tiered fee structure in the US market has expanded to seven levels, with fees for high-volume users as low as 0.03%; the EU market has added perpetual futures contracts for XRP, DOGE, and others, allowing qualified users to enjoy 7x leverage.
Tether invests in Italian humanoid robot company, betting on physical infrastructure: Tether participated in an $80 million financing round for the Italian humanoid robot company Generative Bionics, which develops industrial humanoid robots for factory logistics. This move is part of Tether's strategy to 'support digital and physical infrastructure,' with AMD Ventures and other institutions also participating.
Binance confirms employee insider trading, suspends and seeks legal responsibility: Binance announced that an employee profited by posting promotional content using insider information just one minute after the token issuance, and has been immediately suspended. Binance has contacted the judicial department and is cooperating with the investigation, distributing a $100,000 reward among five whistleblowers. CZ responded that the case has already been reported to the police and called on the community to report through formal channels.
Digital asset investment products saw consecutive increases over two weeks, with a weekly inflow of $716 million: CoinShares data shows that last week, digital asset investment products had a net inflow of $716 million. Bitcoin saw an inflow of $352 million, XRP saw an inflow of $245 million (with a year-to-date total of $3.1 billion), and Chainlink saw an inflow of $52.8 million, setting a new historical high, while short BTC products saw an outflow of $18.7 million.
BitMine increased its holdings by 138,000 ETH in a week, with total holdings exceeding 3.86 million: BitMine increased its holdings by 138,452 ETH last week, bringing its total holdings to 3,864,951 ETH, while also holding 193 BTC, $36 million in ORBS shares, and $1 billion in unsecured cash, with total cryptocurrency and cash holdings reaching $13.2 billion.
Ethereum's daily average transaction fee reaches the lowest level since July 2017: Glassnode data shows that the daily average total payment fees for Ethereum (90-day moving average) have dropped below 300 ETH, the lowest level since July 2017, significantly reducing network usage costs.
Ripple completes $500 million stock sale, valuation reaches $40 billion: Ripple completed a $500 million stock sale in the secondary market, valuing the company at $40 billion. The transaction terms include a high-price repurchase right for investors, locking in profits for participants such as Citadel. The probability of a 25 basis point rate cut by the Federal Reserve in December is 89.4%, focusing on voting discrepancies: CME data shows that the probability of a 25 basis point rate cut by the Federal Reserve in December has reached 89.4%. Market attention has shifted to decision-makers' voting discrepancies and Powell's remarks, with Nomura warning that the risk of maintaining interest rates unchanged cannot be ruled out, while investors are more concerned about the policy path guidance for 2026.
White House advisor Hassett: Interest rates should continue to be lowered, need to closely monitor data: White House economic advisor Hassett stated that the Federal Reserve should continue to lower interest rates, with the specific reduction needing to closely monitor economic data, while also believing that prematurely announcing future interest rate commitments for the next six months is 'irresponsible.' Traders expect the cumulative rate cut by the end of 2026 to be less than 75 basis points.
Japan submits an additional budget of 18.3 trillion yen to boost the economy: The Japanese government submitted a draft supplementary budget of 18.3 trillion yen for the fiscal year 2025 to the Diet, an increase of 31% compared to the previous fiscal year, mainly aimed at alleviating rising prices and investing in growth areas, with the goal of passing it before the Diet adjourns on December 17.
