U.S. Treasury Secretary Bessent Discusses Stablecoin Adoption with Singapore
U.S. Treasury Secretary Scott Bessent held talks with the Prime Minister of Singapore on the global acceptance of dollar stablecoins. The discussions focused on stablecoin regulation and the role of dollar-based solutions in international payment systems.
Fed Members: December Cut Difficult, Growth Could Boost Inflation
- Logan (FOMC): “It will be difficult to make another rate cut in December.”
- Schmid (Kansas City Fed): Explaining that he voted against a cut this week, he expressed concern that growth could put upward pressure on inflation.
US Senate Agriculture Committee Prepares to Release Crypto Market Structure Bill
According to crypto journalist Eleanor Terrett, the US Senate Agriculture Committee is preparing a bipartisan bill on the structure of the crypto market. The draft will also cover the commodity aspects of digital assets. The committee is expected to release the text of the bill in the coming days or next week. This initiative, along with the Banking Committee restarting similar work, signals a renewed momentum for crypto regulation in Washington.
Prenetics Purchases 100 More BTC – Total Now at 378 BTC
Prenetics (NASDAQ: PRE) purchased an additional 100 BTC at an average price of $109,594. The company’s total holdings have risen to 378 BTC (~$41 million). Prenetics announced that it will continue its “1 BTC per day” strategy and increase purchases when conditions are favorable.
Strategy Transfers 22,704 BTC Worth $2.45 Billion to New Wallets
On-chain analysis firm Lookonchain reported that Strategy transferred 22,704 BTC (approximately $2.45 billion) to multiple new addresses within the last 9 hours. The move is being interpreted as either a corporate portfolio restructuring or a security-driven wallet distribution.
Vanguard Group FTSE Japan ETF (VJPN) purchased 704,500 shares (approximately $2.1 million) of MetaPlanet (MTPLF), a company known for its Bitcoin reserve strategy. This is notable as it marks the first time a traditional financial giant has directly invested in a Bitcoin reserve company.
Radiant Capital Hacker Transfers $20.7 Million in ETH
According to PeckShield data, the hacker responsible for the Radiant Capital attack transferred 5,411.8 ETH (approximately $20.7 million) via Tornado Cash. This transaction, which reduces the traceability of the funds, indicates that the incident has not yet been resolved.
Aster to Burn 50% of Buyback Tokens
Aster announced on the X platform that 50% of the tokens in the S2 and S3 buyback addresses will be burned. It was stated that the remaining portion will be transferred to a locked airdrop address. This step aims to balance the token economy and strengthen price stability by reducing supply.
dYdX Plans to Enter the US Market by the End of 2025
dYdX President Eddie Zhang announced that the platform will begin operating in the US market by the end of the year. Initially, only spot trading services will be offered, while perpetual futures will not be included due to regulatory restrictions. Zhang stated that they are expecting “constructive guidance” from regulators on this matter.
DOGE Department Completes Its Assignment at SEC
The Government Efficiency Department (DOGE), established under the Trump administration, has completed its assignment at the SEC and left the agency. This unit, initiated by Elon Musk, was responsible for implementing layoffs and deregulation policies within federal agencies.
Jupiter Launches Vote to Burn 130 Million JUP Tokens
The Jupiter community has started a vote on whether to burn 130 million JUP tokens (4% of the supply) accumulated in the “Litterbox Trust” buyback fund. The vote will last 4 days and 13 hours. The future of the tokens will be determined by community consensus.
Ether.fi DAO Proposes $50 Million ETHFI Buyback Plan
Ether.fi DAO proposed buying back up to $50 million worth of ETHFI from treasury funds when the token price falls below $3. This plan aims to provide price support and liquidity management. The ETHFI price had recently fallen by 89% to $0.93. The buyback is considered an application similar to a “share buyback” in corporate finance.
