Crypto market today: SHIB faces supply pressure; RLUSD has cut supply by 500,000 tokens; Midnight on Cardano is out-trading XRP and SOL. source: https://u.today/shiba-inu-sell-wall-stalls-price-rally-ripples-stablecoin-cuts-token-supply-cardano-founder-takes

According to Cointelegraph, U.S. President Donald Trump’s administration is moving closer to establishing comprehensive digital asset regulation. This development follows the confirmation of Michael Selig as the new chair of the Commodity Futures Trading Commission (CFTC). David Sacks, a prominent figure in the administration, highlighted the significance of this moment in a recent post on X, describing it as a 'critical juncture' for crypto regulation. Sacks praised the collaboration between Selig and Securities and Exchange Commission (SEC) Chair Paul Atkins, referring to them as a 'dream team' poised to define clear regulatory guidelines. Selig has indicated that the U.S. Congress is nearing the completion of a crypto market structure bill, which could significantly impact the regulatory landscape. The proposed market structure bill, known as the Responsible Financial Innovation Act in the Senate, builds upon the CLARITY Act passed by the House of Representatives in July. Although the bill is currently on hold due to the congressional holiday break, the Senate Banking Committee is expected to review it in early January, potentially leading to a floor vote. The confirmation of Selig, achieved with a 53 to 43 vote, marks a pivotal step in this process. However, the timeline for his transition into the role, replacing acting CFTC Chair Caroline Pham, remains uncertain. Pham is anticipated to join the crypto company MoonPay following Selig’s confirmation, though details of her departure are yet to be confirmed by the CFTC or MoonPay. The implications of the market structure bill for the SEC and CFTC are significant. While the final text of the Senate’s bill is still under development, current drafts suggest an expansion of the CFTC’s authority over digital assets, a domain traditionally overseen by the SEC. This shift has garnered mixed reactions, with some Republican leaders advocating for the bill’s advancement, while others express concerns over its potential impact on decentralized finance (DeFi). These differing viewpoints may influence the pace of legislative progress. As the regulatory framework evolves, the crypto industry awaits further clarity on how these changes will shape the future of digital asset management in the United States.

null source: https://x.com/cointelegraph/status/2003171275292725251

Soccerverse partners with FIFPRO to integrate 65,000+ licensed professional footballers into its Polygon-based game, enhancing authenticity, community engagement, and player-driven economies. source: https://catenaa.com/markets/cryptocurrencies/soccerverse-secures-fifpro-license/

The bank aims to service technology companies working with virtual currencies, artificial intelligence, defense, and manufacturing. source: https://www.theblock.co/post/383533/banking-startup-erebor-350-million-4-billion-valuation-fdic-approval-axios?utm_source=rss&utm_medium=rss

Russia’s flagship Urals crude collapsed to roughly $34 a barrel, sending a clear price signal through the oil market that US sanctions are starting to hurt. On Friday, barrels loading from the Baltic Sea traded at $34. 82, while cargoes from the Black Sea slipped even further to $33. 17, based on figures from Argus Media. Over […] source: https://www.cryptopolitan.com/russian-urals-crude-crashes-to-34/

Following Michael Selig's confirmation, White House official David Sacks said the SEC and CFTC were set to offer "clear regulatory guidelines" for digital assets. source: https://cointelegraph.com/news/david-sacks-cftc-sec-crypto-dream-team-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Snail Games says their compliant and fully reserved stablecoin can improve how creators and players move money, without changing how games are played. source: https://www.thestreet.com/crypto/innovation/snail-games-bets-on-stablecoins-to-modernize-payments-in-gaming

null source: https://x.com/angrycryptoshow/status/2003167147254579587

According to ChainCatcher, Arkham data reveals that around 01:53, two substantial TON transfers totaling 46,027,500 tokens were moved from anonymous addresses. At 02:00, 27,059,500 TON were transferred from an anonymous address starting with EQCftw0O to another anonymous address starting with UQAqR4RY. Earlier, at 01:53, 18,968,000 TON were moved from an anonymous address starting with EQDOHmM9 to another anonymous address starting with UQBdcnCv.

Wallets are a rare essential product in the blockchain industry, and they are also the first entry-level application outside of public chains to break through ten million users.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Whether the US financial system is truly beginning to use blockchain as an "internal tool" can be seen more directly from one signal than any statement: whether the clearing and settlement system is willing to use it.

Web3.0 business models may not be implemented as expected: Web3.0 related infrastructure and projects are in the early stages of development, and there is a risk that business models may not be implemented as expected.

This is a fundamental shift in market structure, yet most people are still viewing the new era through the lens of the old cycle's logic.

Recommended reading tonight: 1. Looking back at 2025: A review of crypto attacks this year, including North Korean hackers' "glorious achievements"; 2. Coinbase: Crypto market outlook for 2026; 3. Bitcoin outlook for 2026: From data indicators to three scenario predictions;

The statement from the U.S. Commodity Futures Trading Commission (CFTC) will not turn the Chicago Mercantile Exchange (CME) into a fully-fledged spot cryptocurrency exchange tomorrow.

Hong Kong’s insurance regulator plans to allow insurers to hold cryptocurrencies and stablecoins, with strict capital rules. The proposal also offers incentives for insurers investing in local infrastructure projects.

The Marshall Islands have begun testing a crypto-based universal income system, distributing payments to citizens through a yield-generating digital token built on the Stellar blockchain.

When we try to explain Ethiopia's Iron Curtain and Kenya's Abyss using the logic of civilized commerce, we often overlook the deeper, more unsettling world beneath the surface.