Morning News | Trump Media has increased its holdings of 300 BTC. Michael Selig has officially taken

The price of physical gold has increased to 2%, currently at $4450 per ounce, setting a new all-time high.

Market updates

Market trends yesterday

● Michael Selig has officially taken office as the chairman of the US CFTC.

According to Cryptobriefing, Michael Selig, a pro-Bitcoin figure, has been appointed chairman of the US Commodity Futures Trading Commission (CFTC). He has already received confirmation from the US Senate.

In his statement, Selig mentioned that the CFTC is undergoing a significant transformation, driven by increased retail participation and the emergence of new products and platforms. He stated that the agency will play a more prominent role in establishing practical regulatory standards for the digital asset market, while also maintaining the stability and safety of the US derivatives market. Selig emphasized, “We are at a unique moment, with various new technologies, products, and platforms emerging. Retail participation in the commodity market has reached record levels. Congress is about to submit legislation regarding the structure of the digital asset market, further solidifying America’s status as the ‘capital of cryptocurrencies.’”

Before joining the CFTC, Selig served as the chief legal advisor to the cryptocurrency working group of the US Securities and Exchange Commission, and as an advisor to Chairman Paul Atkins.

● BlackRock has deposited 819.39 BTC into Coinbase, worth approximately $73.72 million.

According to Onchain Lens, BlackRock has deposited 819.39 BTC into Coinbase, valued at around $73.72 million.

● The “UNification” fee option proposed by Uniswap has reached the threshold of 4 million votes in favor, and will take effect this week.

According to Cointelegraph, the “UNIfication” proposal to introduce fee options for Uniswap has reached the threshold of 40 million votes in favor. This proposal will take effect this week.

As of Monday, the proposal has received nearly 69 million votes in favor. Voting will conclude on Thursday (Christmas Day). After the proposal is approved, there will be a two-day waiting period before the fee options for Uniswap v2 and v3 are activated on the Unichain mainnet, resulting in the destruction of UNI tokens.

This proposal will destroy 100 million UNI tokens in the fund of the Uniswap foundation. Additionally, a system for discounting protocol fees will be implemented to increase the profits of liquidity providers. These changes are expected to significantly improve the supply and demand dynamics of UNI tokens, thereby enhancing their long-term value.

Since the start of voting, the price of UNI has increased by more than 25%, currently trading at $6.19 per token.

● Espresso: The portal for checking eligibility for ESP investment has been opened. Token issuance will begin in early 2026.

According to official announcements, the Espresso Foundation, a blockchain infrastructure organization, has launched the $ESP token registration portal. Users can now check whether they meet the eligibility criteria for Espresso investments. The token issuance page will be available in early 2026.

Previously, Espresso completed a $28 million Series B financing in 2024, with a16z leading the investment.

● BlackRock deposited 2019 BTC and 29,900 ETH with Coinbase

BlackRock deposited 2019 BTC (worth $181.7 million) and 29,928 ETH (worth $91.3 million) with Coinbase Prime.

● Circle minted 500 million USDC on the Solana network

According to Onchain Lens’ monitoring, Circle has issued 500 million USDC tokens on the Solana network. Since October 11th, Circle has issued a total of $18 billion in USDC tokens on the Solana network.

● Hyperliquid addresses the concerns regarding transparency, emphasizing that all on-chain transactions can be verified.

Hyperliquid released a statement in response to several criticisms of their platform in recent articles. The statement emphasizes that Hyperliquid operates on the basis of full on-chain transparency, with every dollar being traceable and verifiable. The company pointed out that critics overlooked the existence of HyperEVM USDC tokens, mistakenly claiming that the system lacks $362 million in funds.

The statement clarifies that testnet functions are only used for testing purposes and cannot be executed on the mainnet. There are no privileged users or fee exemptions on the platform. The CoreWriter function is also misunderstood; it does not allow for arbitrary token issuance or transfer of user funds.

Hyperliquid asserts that as the only major perpetual contract platform with fully transparent status information, anyone can run nodes to verify on-chain status. Every order, transaction, and settlement can be checked in real time, a feature that other major trading platforms do not offer.

● U.S. crypto funds lost $952 million due to regulatory delays

Due to regulatory delays, U.S. crypto funds have experienced a loss of $952 million.

● Trump Media increased its BTC holdings by 300 units, bringing the total to 11,542 units

According to Arkham’s monitoring, Trump Media spent $26.88 million to purchase 300 BTC units, increasing its total holdings to 11,542 units, worth approximately $1.03 billion.

● JPMorgan Chase considers offering cryptocurrency trading services to institutional clients

According to Bloomberg, JPMorgan, a major bank on Wall Street, is evaluating the possibility of providing cryptocurrency trading services to its institutional clients. Sources familiar with the matter said that JPMorgan’s market department is exploring ways to expand its cryptocurrency offerings, which may include spot and derivatives trading.

● Aave founder: The ARFC proposal for voting is completely legal and in line with governance frameworks

Stani.eth, the founder of Aave, stated that the ARFC proposal to transfer brand control to token holders is entirely legal. Discussions have taken place over the past five days, and a timeline for implementing the ARFC proposal has been established. The proposal also meets the requirements of governance frameworks. Voting is the best way to resolve issues and achieve effective governance. Aave, a leading lending platform, is currently facing public controversy due to debates over its revenue distribution mechanisms and brand ownership.

● Coinbase acquires prediction market startup The Clearing Company

According to The Block, Coinbase has reached an agreement to acquire The Clearing Company, a prediction market startup. The transaction is expected to be completed in January 2026. This acquisition is part of Coinbase’s “omnibus exchange” strategy, aiming to deepen its presence in the event trading sector. The team from The Clearing Company will join Coinbase to help expand its prediction market products. The startup was founded this year and received $15 million in seed funding in August, with Coinbase Ventures as one of the investors.

● 美国议员推动在2026年前解决加密货币质押“双重征税”问题

一组由18名两党成员组成的美国众议院议员团体正在推动美国税务机构在2026年开始前审查加密货币质押税收规定。在周五寄给美国国税局(IRS)代理专员Scott Bessent的一封信中，由共和党议员Mike Carey牵头的议员们请求对“繁重”的加密质押税法进行审查并更新指导意见。Carey表示：“这封信只是请求对数字资产给予公平的税收待遇，而结束质押奖励的双重征税是朝着正确方向迈出的重要一步。”信中建议，将质押奖励的税款征收时间调整为资产出售时，以确保“质押者根据其实际经济收益的正确声明纳税”。

● Binance未阻止可疑账户转移1.44亿美元

报告称，Binance在2023年认罪协议后未能阻止可疑账户转移1.44亿美元资金。

● CoinShares：上周数字资产投资产品净流出9.52亿美元

CoinShares released its latest weekly report, indicating that funds flowed out of digital asset investment products for the first time in four weeks, with a total amount of $952 million. This reflects the market’s negative reaction to the delayed passage of the Clarity Act in the United States. The passage of this law has increased the uncertainty surrounding the regulation of such assets. Additionally, investors are concerned about continued selling by large institutional investors. Therefore, it seems unlikely that inflows into exchange-traded products will exceed last year’s levels. The total assets managed by these products are currently $46.7 billion, compared to an expected $48.7 billion in 2024. Ethereum experienced the largest outflows, totaling $555 million. Given that Ethereum could benefit or suffer the most from the Clarity Act, this is not surprising. It is worth noting that Ethereum’s inflows this year have surpassed last year’s figures, reaching $12.7 billion, compared to $5.3 billion last year. Bitcoin saw an outflow of $460 million, which is lower than expected. In 2024, expected inflows were $27.2 billion, while actual inflows were only $41.6 billion. Solana and XRP continued to receive support, with inflows of $48.5 million and $62.9 million, respectively.