According to Coinglass data, the total liquidation amount across the network in the past 24 hours was $541 million, of which $383 million were long positions and $157 million were short positions. A total of 161,961 people were liquidated in the last 24 hours. The largest single liquidation occurred on the Hyperliquid platform's BTC-USD trading pair, worth $6.195 million.

SoFi Technologies Inc., a US-listed digital bank, announced the launch of its US dollar stablecoin, SoFiUSD. This stablecoin is fully backed one-to-one by cash reserves and is currently used for internal settlements, with plans to open it to SoFi members in the coming months. According to the official introduction, SoFi is the first nationally licensed retail bank to issue a stablecoin on a public, permissionless blockchain, combining the regulatory strength of a national bank with transparent, fully protected on-chain technology. (Bloomberg)

JPMorgan analysts reiterated their prediction that the stablecoin market will not reach a trillion-dollar mark in the coming years, and its growth will likely be in line with, rather than significantly surpass, the broader cryptocurrency market. Their report noted that the stablecoin market has expanded by approximately $100 billion this year, surpassing the $300 billion mark, with growth primarily concentrated in the two major stablecoins. This confirms their long-held view that stablecoin growth remains primarily driven by activity within the crypto ecosystem. This year alone, stablecoin holdings on derivatives exchanges increased by approximately $20 billion, driven by a surge in perpetual futures trading, and this activity remains the main driver of stablecoin supply growth. Therefore, in the coming years, the stablecoin market size is likely to continue growing in tandem with the overall cryptocurrency market capitalization, potentially reaching $500 billion to $600 billion by 2028, significantly lower than the most optimistic forecast of $2 trillion to $4 trillion. (TheBlock)

According to ChainCatcher, data from Arkham indicates that at 08:05, a total of 27,617.43 BNSOL, valued at approximately $3.59 million, was transferred from an anonymous address beginning with 2a3bReS to the address BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85.

null source: https://x.com/reutersbiz/status/2001809705166082283

David Sacks, White House director of cryptocurrency and artificial intelligence, stated that the CLARITY Act, a bill structuring the crypto market, is one step closer to formal legislation and is expected to undergo Senate review and revisions in January. Previously, he posted on the X platform that Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman had confirmed that the bipartisan cryptocurrency bill would be finalized in the Senate next month. The CLARITY Act will reportedly clearly define crypto securities and commodities and clarify the roles of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and other financial regulatory agencies. Supporters believe it will reduce regulatory uncertainty for crypto companies by establishing a clearer compliance path, encouraging innovation, and strengthening investor protection. (Cointelegraph)

null source: https://x.com/CultivateCrypto/status/2001808954972950620

null source: https://x.com/BTC_Archive/status/2001808267341623435

The CLARITY Act will be sent to the Senate for markup in January, advancing U. S. crypto regulation. source: https://www.cryptopolitan.com/clarity-act-set-for-senate-markup-in-january/

According to ChainCatcher, White House AI and cryptocurrency affairs head David Sacks announced that the CLARITY Act, a significant cryptocurrency market structure bill, is moving closer to becoming law. The bill is expected to undergo Senate review and amendments in January. Sacks stated on Thursday via the X platform that Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have confirmed the bipartisan cryptocurrency bill will be finalized in the Senate next month. The CLARITY Act aims to define crypto securities and commodities clearly, delineating the responsibilities of the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and other financial regulators. Proponents of the bill argue that it will reduce regulatory uncertainty for crypto companies by establishing a clearer compliance path, enhancing investor protection while encouraging innovation. The House of Representatives passed the bill in July, and the Senate will now proceed with review, amendments, and debate before a full Senate vote. Tim Scott needs to secure an absolute majority to prevent the bill from being indefinitely shelved. If the Senate passes the bill with amendments, it will return to the House for final approval before being sent to U.S. President Donald Trump's desk.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2913, providing you with the latest and fastest news on the digital currency and blockchain industry.

Vaults are one of the concepts in the cryptocurrency world that everyone thinks they understand, mainly because they seem simple and easy to understand.

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 future of finance is on Coinbase. All in one app," Coinbase states in just two short sentences, outlining its vision for 2026 and beyond.

Recommended reading tonight: 1. Looking Back at 2025: 18 Milestones in the Crypto Industry; 2. Ethereum Foundation: Ethereum State Evolution Path and Future Challenges; 3. Post-Election Prediction Markets: How to Re-accelerate in 2025;

Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, has been quietly transferred out of federal prison after serving approximately 11 months of her two-year sentence, according to Business Insider.

OpenAI is in early talks to raise up to $100 billion at a valuation of $750 billion. The company is also preparing for a public listing that could value it at around $1 trillion.

Ethereum has grown from a small, experimental network into a key component of the global infrastructure.

Despite strong momentum in 2025, prediction market trading volume still represents only a small fraction of the overall sports betting industry.

Capital A, the parent company of AirAsia, and Standard Chartered Malaysia signed a letter of intent to develop a ringgit-backed stablecoin. The project will be piloted under Bank Negara Malaysia’s oversight, with Standard Chartered as issuer and Capital A testing wholesale use cases.