The crypto market may be entering a new phase of "central bank-led compliance." Understanding the Federal Reserve's strategic intentions and policy logic, and adapting to the regulatory framework it promotes, is key to seizing opportunities and meeting challenges in the digital finance era.

According to Odaily, the total sovereign debt issued by the U.S. Treasury has exceeded $30 trillion for the first time, more than doubling since 2018. Data released on Thursday indicates that as of November, the U.S. government's outstanding Treasury bills, notes, and bonds have reached $30.2 trillion. This amount constitutes the primary component of the federal total debt, which stands at $38.4 trillion, including obligations to Social Security trust funds and savings bond holders. The Securities Industry and Financial Markets Association reports that in 2020, the U.S. raised $4.3 trillion through the issuance of these three types of government securities, with the fiscal deficit surpassing $3 trillion that year. Although the deficit has narrowed since then, projected to decrease to approximately $1.78 trillion by the 2025 fiscal year, interest payments alone amount to $1.2 trillion. Jason Williams, a rate strategist at Citigroup, highlighted the significant challenge posed by interest expenses. He noted that even if tariff revenues reach $300-400 billion, they fall short of covering the interest payments on existing debt. Williams likened the situation to being trapped in quicksand, where tariffs might slow the descent but cannot prevent it entirely.

null source: https://x.com/solidintel_x/status/1996733126513774987

IMF report warns of stablecoins' impact on emerging markets, recommending robust legal frameworks to maintain monetary sovereignty. source: https://coincu.com/news/imf-warns-stablecoins-emerging-currencies/

The IMF warned that stablecoins are growing fast and could create inefficiencies and regulatory gaps across countries. source: https://www.cryptopolitan.com/imf-sets-stablecoin-risk-principles/

According to PANews, the International Monetary Fund (IMF) has released a report titled 'Understanding Stablecoins,' which reveals the rapid penetration of dollar-dominated stablecoins in emerging markets and developing economies. This trend may undermine central banks' control over domestic liquidity and interest rates. The report highlights that stablecoins can quickly enter markets via mobile phones and the internet, particularly in scenarios involving unhosted wallets, leading to potential 'currency substitution.' This phenomenon could weaken the use of local currencies and affect the transmission of monetary policy and seigniorage revenue. The IMF recommends that countries establish legal frameworks to prevent stablecoins from achieving 'legal tender' or 'official currency' status, thereby safeguarding financial sovereignty. Currently, 97% of the total market value of stablecoins is pegged to the U.S. dollar, with only a small proportion linked to the euro or yen. The report also emphasizes the rising use of stablecoins in cross-border payments and in countries experiencing high inflation, notably in regions such as Africa, the Middle East, and Latin America.

The market is certainly testing investors' psychological stability as volatility causes erratic moves in numerous directions. source: https://u.today/crypto-market-prediction-150-shiba-inu-shib-skyrocketing-is-ethereum-eth-death-cross-cancelation

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 2899, providing you with the latest and fastest news on the digital currency and blockchain industry.

As the infrastructure at the tool and service layers matures, the competition between Facilitator and Launchpad will enter a truly valuable phase.

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.

The major upgrades that used to be done once a year have been changed to once every six months, proving that the foundation still maintains strong execution capabilities after personnel changes.

The U.S. military may be the world's most aggressive investment club, and it is invincible in this bull market.

EIL is the latest answer from the Ethereum account abstraction team and is the core of the "accelerated" phase of the interoperability roadmap.

With the penalties imposed on the Ooki DAO case in the United States, this cloak of "de-subjectification" is being pierced layer by layer by regulatory agencies.

Recommended reading tonight: 1. YZi Labs announces incubation of 17 projects; see which hardcore sectors CZ and He Yi have bet on; 2. Don't worry, Strategy will never sell its Bitcoin holdings; 3. On-chain price discovery;

Why is the competition among Perp DEXs essentially a competition of "risk models"?