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Is the Constraint of Reputation and Trust Still Effective in an Increasingly Murky Market?
Share link:In this post: Trump launched a new crypto venture where he profits early and his supporters lose money again. His past projects—Truth Social, $Trump, $Melania, and NFTs—left late investors with major losses. The new WLFI token offers no profits or ownership but funnels 75% of sale proceeds back to Trump.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
- 20:22The US SEC will issue guidelines for cryptocurrency custody servicesJinse Finance reported that the U.S. Securities and Exchange Commission (SEC) released an investor guidance announcement on Friday regarding crypto wallets and custody, outlining to the public the best practices and common risks associated with different forms of crypto asset storage. The SEC's announcement listed the pros and cons of various crypto custody methods, including a comparison between self-custody and third-party custody of digital assets. If investors choose third-party custody, they should understand the custodian's relevant policies, including whether the custodian will "re-pledge" the assets (profiting by lending out the assets), or whether the service provider will commingle client assets in a single pool rather than holding crypto assets separately in individual client accounts.
- 19:40The total open interest of Ethereum contracts across the entire network is currently about $40 billions.Jinse Finance reported that on December 14, according to Coinglass data, the total open interest of Ethereum contracts across the network reached 12.85 million ETH, equivalent to approximately $39.93 billions.
- 19:23Negotiations on the U.S. crypto market structure bill may be postponed until January next yearBlockBeats News, December 13 — According to sources, due to several key disagreements remaining unresolved, negotiations in the U.S. Senate regarding the cryptocurrency "Market Structure Bill" may be postponed until January next year. This bill is currently the core lobbying target of the crypto industry, but as the holidays approach, Democrats, Republicans, the White House, and the crypto industry have yet to reach a consensus amid ongoing multi-party negotiations. The main unresolved issues include: ethical standards for government officials participating in digital assets (especially involving Trump himself), whether stablecoins can be linked to yields, the scope of authority of the U.S. Securities and Exchange Commission (SEC) in token regulation, and the regulatory boundaries for decentralized finance (DeFi). Despite these disagreements, the pace and intensity of Senate negotiations remain high, and industry lobbyists are still hopeful that the bill will enter the formal committee review stage in the coming weeks.