Bybit announced on its X platform that it has now opened CC token deposits via Canton Network. At the same time, Bybit launched an event with a total prize pool of 18 million CC tokens.

US Congress, Trump, inflation, data, several related questions about the reopening of the US government. Golden Finance reports new developments in the US government shutdown early this morning, updating 4 related questions.

According to Cointelegraph, U.S. Federal Reserve Governor Stephen Miran, appointed by U.S. President Donald Trump, highlighted the potential impact of stablecoins on interest rates during the BCVC summit in New York. Miran suggested that the increasing demand for U.S. dollar-pegged crypto tokens could exert downward pressure on the neutral rate, or r-star, which neither stimulates nor impedes economic activity. A decrease in the neutral rate could prompt the central bank to lower its interest rates accordingly. The current market capitalization of stablecoins stands at $310.7 million, as reported by CoinGecko. Miran indicated that Federal Reserve research projects this market could expand to $3 trillion within the next five years. He emphasized that stablecoins are already boosting demand for U.S. Treasury bills and other dollar-denominated liquid assets, particularly from international purchasers, and this trend is expected to continue. Miran described stablecoins as a potential multitrillion-dollar factor for central bankers to consider. Concerns have been raised by organizations such as the International Monetary Fund, which warns that stablecoins could pose a threat to traditional financial assets and services by competing for customers. U.S. banking groups have also called on Congress to enhance oversight of stablecoins with yield, arguing that they might attract potential bank users away from traditional banking services. In his address, Miran commended the GENIUS Act for establishing clear guidelines and consumer protections, which he believes will be crucial for the broader adoption of stablecoins. Despite his usual skepticism towards new regulations, Miran expressed optimism about the GENIUS Act, noting that it provides a framework for legitimacy and accountability similar to that of traditional dollar assets. He highlighted that the Act mandates U.S.-based issuers to maintain reserves backed on at least a one-to-one basis in safe and liquid U.S. dollar-denominated assets, which is vital for monetary policy.

In late October, the x402 protocol garnered significant attention, with related tokens surging and the number and volume of transactions made through the x402 protocol reaching record highs. However, this two-week-long AI narrative is now receding, with daily transaction volume plummeting by 90% from its peak. According to x402scan data, the x402 ecosystem's daily transaction volume peaked on November 3rd at $2.8407 million, after which it continued to decline, reaching only $283,600 on November 9th. Simultaneously, the number of new websites/servers supporting payments via the x402 protocol has also declined, from over 10,000 new daily transactions at its peak to less than 2,000 new daily transactions after November.

Bitcoin climbed past $106,000 and Asian stocks rose as the US Senate moved closer to ending the historic government shutdown. source: https://cryptonews.com/news/asia-market-open-bitcoin-global-markets-climb-as-us-shutdown-negotiations-show-signs-of-progress/

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. source: https://cointelegraph.com/news/stablecoin-demand-growing-push-down-interest-rates-fed-miran?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Politico, the Senate has reached a bipartisan agreement to end the government shutdown and will vote tonight on temporary funding. The agreement secures at least eight Democratic votes, meeting the 60-vote threshold. The plan provides funding for the Department of Agriculture, the Department of Veterans Affairs, and Military Construction until the end of the current fiscal year. Funding for all other agencies will continue until January 30, 2026. Federal employees laid off due to the shutdown will receive back pay and be rehired. Layoff notices have been withdrawn, and the layoff program is suspended until January 30. Democrats secured a vote in mid-December on extending the Affordable Care Act (ACAD) subsidies, which expire on December 31. Next, the House of Representatives must pass a bill for the government to reopen.

$14 billion liquidity, 140% growth: Why Solana is winning the stablecoin race. source: https://ambcrypto.com/solana-top-3-reasons-sols-stablecoin-flow-could-be-its-biggest-edge-yet/

According to Lookonchain monitoring, James Wynn (@JamesWynnReal) has been liquidated 12 times in the past 12 hours due to the market rebound. After experiencing 45 liquidations in the past two months, James Wynn had a profitable trade, but instead of taking profits, he continued to add to his position, ultimately resulting in another liquidation. His account currently has only $6,010 remaining.

null source: https://x.com/lookonchain/status/1987715920580764046

South Korea said it is close to finalizing its long-awaited stablecoin legislation, as the central bank and financial regulator jostle over who should police digital tokens pegged to the won. It will join five other competing stablecoin bills […] source: https://www.cryptopolitan.com/south-korea-races-to-finalize-stablecoin-rules/

At a sensitive time when the U.S. tariff policy is facing a Supreme Court challenge on its legality, Trump announced plans to pay a $2,000 "dividend" to "every American" from tariff revenue, except for high-income earners.

The current situation facing the US authorities reveals the fragility of its system. Political gridlock should not, in any case, sacrifice the timeliness and transparency of economic data. Looking ahead, ending the government shutdown and resolving tariff uncertainty will be crucial.

Data-driven models reveal where the next Bitcoin bear market may bottom out—hint: the bottom may be higher than you think.

The story of stablecoins is evolving and could lead to two very different financial outcomes: the most enthusiastic users (emerging markets) could further undermine the economic infrastructure they are trying to protect their wealth, while further strengthening businesses in developed markets.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 2873, providing you with the latest and fastest news on the digital currency and blockchain industry.

Trump, the United States, the President of the United States, Trump's power seems to be waning - what will happen next? Golden Finance, "Trump is no longer the only 'Trump-like' figure."

As the Ethereum ecosystem grows in size and complexity, the methods of support must also evolve accordingly. Therefore, EF began to consider how to strategically and proactively plan resource allocation while continuing to support public goods.

Stream, DeFi, Lending: One Protocol Collapses – Three Major Lending Platforms "Trapped" (Jinse Finance) Stream's collapse affects multiple platforms.

This week, 26 blockchain startups completed funding rounds, raising a total of $900 million. Ripple Labs (XRP) raised $500 million in its strategic funding round, the largest funding round of the week.