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The U.S. Senate is racing to meet its year-end legislative goals, with Senator Moreno calling cryptocurrency bill negotiations "quite frustrating."

Ohio Senator Bernie Moreno stated that negotiations on cryptocurrency regulatory bills are frustrating. Although the stablecoin bill has been passed, there are still obstacles to a comprehensive market structure bill. Moreno emphasized the need to ensure the quality of the legislation and avoid rushing into a bad agreement.
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Senator Moreno Calls Crypto Bill Negotiations “Quite Frustrating” as Senate Races to Meet Year-End Goals

Ohio Senator Bernie Moreno stated that negotiations on the crypto bill are frustrating, and Democrats and Republicans will hold talks. Although the stablecoin regulation bill has passed, the comprehensive crypto market structure bill is still facing obstacles, and the different versions from the House and Senate need to be reconciled. Moreno emphasized that pushing through a bad bill is worse than reaching no agreement and is currently discussing specific details with the Democrats.
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CZ responds to "CEX employees profiting from token launches" incident: Although I no longer manage CEX, I will still assist in handling reports of employee misconduct.

CZ responded on X to the incident of CEX employees allegedly profiting from issuing tokens using insider information, stating that the reports will be handled properly and law enforcement has been contacted. The investigation confirmed the employee's misconduct, who has been suspended, and a $100,000 reward will be given to the whistleblower.
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Robinhood launches Ethereum and Solana staking services, continuing to expand its cryptocurrency business

Robinhood expands its cryptocurrency business by launching Ethereum and Solana staking services, with plans for nationwide rollout in the US. The company also aims to enter the European and Indonesian markets and add perpetual futures contracts for multiple cryptocurrencies.
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ETH2.29%
SOL0.92%
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Tether participated in the $80 million funding round for the Italian humanoid robotics company Generative Bionics.

Tether participated in an $80 million financing round for Italian humanoid robotics company Generative Bionics, aiming to develop industrial humanoid robots capable of performing dangerous and physically demanding tasks. This investment is part of Tether’s strategy to support digital and physical infrastructure.
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CEX adds Theoriq (THQ) to its listing roadmap

【CEX将Theoriq (THQ) 列入上币路线图】据官方公告,CEX 将 Theoriq (THQ) 列入上币路线图。
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CZ responds to CEX employee misconduct incident: Someone has already reported it to the police, urges the community to report through official channels

CZ responded to the incident involving improper behavior by CEX internal employees, stating that the police have been notified and calling on the community to report violations through official channels. He said he will assist in handling feedback and reminded users not to make unsubstantiated reports.
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The U.S. Department of Labor will not release the PPI data for October.

On December 9, the U.S. Department of Labor announced that it will not release the Producer Price Index (PPI) data for October.
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U.S. November New York Fed 1-year inflation expectation at 3.2%, previous value 3.24%

US November New York Fed 1-year inflation expectation at 3.2%, previous value 3.24%
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Jupiter platform WET public sale launches in a "time-travel" style, shares sold out instantly again

On December 8, Jupiter officially announced on social media at 23:40 Beijing time that the HumidiFi (WET) public sale round has launched, with shares once again selling out instantly. It is worth noting that since the previous public sale round shares were snapped up by "bots" within 1 second, Jupiter decided to restart the public sale this Monday. The sale was originally scheduled for 23:00 Beijing time tonight, but has since been postponed 3 times. Jupiter
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CEX: Traders tend to sell on rallies rather than accumulate positions.

On December 8, CEX stated in its latest report that Bitcoin is entering a phase where weak spot demand is intertwined with persistent structural fatigue. Although the market shows signs of stabilization, it is far from healthy. Despite recovering somewhat from recent lows, BTC remains confined to a narrow range between $84,000 and $91,000, while the S&P 500 index is near record highs. This highlights Bitcoin's increasing relative weakness and its growing decoupling from traditional risk assets. On-chain data shows that more than 7 million BTC are currently in an unrealized loss position, similar to the period of choppy consolidation in early 2022. This further indicates that the market is struggling to return to the "true market mean"—a key dividing line distinguishing mid-cycle weakness from a full-blown bear market deterioration. However, capital inflows remain moderately positive, which at least provides some buffer against further downside.
BTC0.43%
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