早报 | 美监管机构加速在2026年7月前落实GENIUS稳定币法案，特朗普积极暗示哈塞特为下任美联储主席

The price of gold has fallen below $4,200 per ounce. Keep an eye on US economic data.

Market developments.

Market trends yesterday.

● U.S. lawmakers are urging regulatory authorities to enact regulations regarding stablecoins by July 2026.

According to Golden Finance, the GENIUS Stablecoin Act passed by the U.S. this summer is now being implemented. Federal regulators are working on formulating the necessary rules, with a goal of completing them by July 18, 2026. Representative Bryan Steil urged regulators to complete the process on time,以避免 regulations being delayed for too long. The FDIC said it will propose draft regulations related to GENIUS this month. NCUA stated that one of the first regulations might involve procedures for stablecoin issuers. GENIUS requires that stablecoins be fully backed by US dollars or highly liquid assets, and issuers with a market value exceeding $50 billion must undergo annual audits. During the hearing, Democratic Representative Maxine Waters also questioned potential conflicts of interest involving President Donald Trump in crypto-related matters.

● Chicago Mercantile Exchange (CME) launched the Bitcoin Volatility Index.

The Chicago Mercantile Exchange Group has introduced a series of benchmark indicators for cryptocurrencies, including the Bitcoin Volatility Index, aiming to provide institutional investors with standardized data on prices and volatility. These new benchmarks cover various digital assets such as Bitcoin, Ethereum, Solana, and XRP, providing valuable information for option pricing, risk management, and volatility strategies.

● Kraken announced its acquisition of the tokenized asset platform Backed Finance.

加密货币交易所Kraken宣布收购代币化资产平台Backed Finance。Backed Finance是一家数字代币发行商，其代币代表包括股票和交易所交易基金份额在内的现实世界资产。Kraken联合首席执行官Arjun Sethi在采访中表示，Kraken目前已经提供由Backed发行的股票和ETF产品，收购完成后计划将这些产品更紧密地整合到其平台中。

● 赵长鹏预测将出现更多历史新高

币安创始人赵长鹏表示，他预测“很快将出现更多历史新高”。

● Grayscale宣布Grayscale Chainlink Trust ETF即将正式上市

据官方公告，Grayscale Chainlink Trust ETF(代码：GLNK)即将正式上市，管理费为0%。这是美国首支Chainlink(LINK)相关的交易所产品(ETP)，为投资者提供对LINK的敞口。

● 英国正式承认加密货币为法律财产

英国已正式将比特币和加密货币认定为法律财产，相关法律地位得到确认。

● 美SEC主席：加密货币公司创新豁免将于明年1月生效

据市场消息，美国证交会(SEC)主席Paul Atkins表示，加密货币公司创新豁免将于明年1月生效。

● 韩国执政党就停滞的稳定币法案已向金融监管机构发出最后通牒

The ruling party, the Common Democratic Party of Korea, has issued an ultimatum to financial regulatory authorities, urging them to accelerate the legislative process related to stablecoin markets in the country. According to a report by The Daily Economic News on Monday, the ruling party has informed the Financial Services Commission of Korea that they must submit a government proposal for regulating stablecoins by December 10th, and this is considered a “final requirement.” Reportedly, Kang Jun-hyeon, a member of the Korean National Assembly and the head of the ruling faction on the Financial Services Committee, said, “If the government fails to submit a plan by the deadline, I will introduce a bill through my position as a committee member to push this issue forward.” It was also mentioned that Kang Jun-hyeon stated that the ruling party plans to introduce the bill during this session of the National Assembly, with the goal of passing it by January next year.

● Ethena: USDe has now become an available denominative asset in both the Hyperliquid spot market and the HIP-3 perpetual contract market

According to Ethena Labs, their issued stablecoin, USDe, is now available as a denominative asset in both the Hyperliquid spot market and the HIP-3 perpetual contract market.

● Trump’s crypto advisor: The United States must lead the world in the field of Bitcoin and cryptocurrencies

According to market sources, President Trump’s expert in crypto matters has stated that the United States must take the lead in the field of Bitcoin and cryptocurrencies.

● Musk warns that a US debt crisis could cause significant fluctuations in Bitcoin prices

Elon Musk warned that the United States is on its way to a debt crisis that could lead to significant fluctuations in Bitcoin prices. In an interview with Nikhil Kamath, he stated that “the concept of currency will no longer exist in the future,” and that energy will become the only “true currency.” Musk pointed out that the United States is increasing the money supply through approximately $2 trillion in fiscal deficits. He also predicted that advancements in artificial intelligence over the next three years will cause the output of goods and services to grow faster than inflation, potentially leading to deflation, zero interest rates, and reduced debt problems. Although Musk’s support for cryptocurrencies has decreased since the pandemic, he continues to back Bitcoin and Dogecoin, criticizing the US dollar and other currencies that are not supported by assets as being “hopeless.” The total debt of the United States now exceeds $38 trillion.

● Several European banks are working on launching euro-anchored stablecoins in the second half of 2026

Ten European banks, including BNP Paribas, ING, and UniCredit, have formed a new company called Qivalis. They plan to launch a euro-anchored stablecoin in the second half of 2026, aiming to compete with digital payments dominated by the US dollar. Qivalis is headquartered in Amsterdam. Jan-Oliver Sell, former CEO of Coinbase’s German division, will serve as the CEO, while Howard Davies, former chairman of NatWest, will serve as the chairman.

● BlackRock’s CEO says the current state of Bitcoin is similar to the Internet in 1996

Larry Fink, CEO of BlackRock, which manages assets worth $10 trillion, said in an interview with The Economist that the current state of Bitcoin and cryptocurrencies is similar to the Internet in 1996.

● Trump actively suggested that Haselet could become the next chairman of the Federal Reserve

. During a meeting at the White House, Trump mentioned that Haselet was one of the potential candidates for the position

. ● Bank of America recommends allocating 4% of assets to Bitcoin

. With a total asset size of $3.2 trillion, Bank of America advises investors to invest 4% of their assets in Bitcoin.

● The number of open Ethereum contracts increased by $197 million, indicating increased leveraged trading activity

. The number of open Ethereum contracts rose significantly, by $197 million, representing a 13% increase. This indicates a noticeable increase in leveraged trading activities

. ● Graymarket predicts that Bitcoin will reach new highs in 2026, challenging the “four-year cycle theory”

Grayscale Research stated that Bitcoin is expected to reach a new all-time high in 2026. This view contradicts the concerns that Bitcoin is entering a period of continuous deep declines. In a report released on Monday, Grayscale Capital noted that Bitcoin may not follow the so-called “four-year cycle” – a common belief in the market is that Bitcoin prices reach their peak every four years, followed by significant corrections. Analysts at Grayscale Capital said, “Although there are uncertainties in the future, we believe the ‘four-year cycle theory’ will eventually be proven wrong. Bitcoin prices are expected to reach new highs next year.” Grayscale pointed out that, based on historical data, long-term investors can benefit from holding assets during periods of volatility. However, they often have to endure “sometimes challenging corrections” along the way. The institution added that during bull markets, corrections of 25% or more are quite common, and such corrections do not necessarily indicate the beginning of a long-term downward trend.

● Strategy CEO: Strategy has set aside $1.4 billion as a reserve fund through share sales, aiming to alleviate pressure on Bitcoin prices

Strategy’s CEO, Phong Le, stated that the company’s newly established $1.4 billion reserve will be used to cover short-term dividend and interest payments, helping the company maintain financial flexibility during periods of market turmoil. This reserve was generated through the sale of shares, with the aim of alleviating investors’ concerns that the company might be forced to sell Bitcoin in order to meet its growing dividend obligations. According to the company’s calculations, this reserve could cover approximately 21 months of dividend payments, without the need to use its $59 billion worth of Bitcoin holdings. Additionally, according to market sources, Strategy may consider lending its Bitcoin in the future.

● JPMorgan Chase: Bitcoin has become a leading indicator in the US market

JPMorgan Chase stated during a CNBC live broadcast that Bitcoin has now become a leading indicator for the entire US market. JPMorgan Chase has an asset base of $4 trillion.

● Coinbase adds WET, ZKP, PLUME, HYPER, and JUPITER to its Binance roadmap

Coinbase has added Humidifi(WET), zkPass(ZKP), Plume(PLUME), Hyperlane(HYPER), and Jupiter(JUPITER) to its Binance roadmap.

● Tether announces the issuance of 1 billion USDT

According to Whale Alert’s monitoring, at 23:34 Beijing time yesterday, Tether’s treasury department issued 1 billion USDT on the Tron network.