This comprehensive crypto platform concluded its first phase in under two weeks, securing an impressive $500,000. source: https://coindoo.com/why-geefi-gee-keeps-growing-amid-avalanches-avax-fall-experts-call-it-a-hidden-gem/

The Fed’s balance sheet fell by $16. 6B this week as major banks and economists expect a 25 bps rate cut on December 10, despite internal FOMC disagreements. The post Federal Reserve Balance Sheet Shrinks by $16. source: https://btcusa.com/federal-reserve-balance-sheet-shrinks-by-16-6b-as-markets-expect-december-rate-cut/

According to Cointelegraph, the European Commission's recent proposal to enhance the authority of the European Securities and Markets Authority (ESMA) is sparking debate over potential centralization within the European Union's licensing framework. The proposal, unveiled on Thursday, aims to grant ESMA direct supervisory control over key market infrastructures, including crypto-asset service providers (CASPs), trading venues, and central counterparties. The proposed expansion of ESMA's jurisdiction to include both supervision and licensing of European crypto and fintech firms has raised concerns about possible delays in the licensing process and the impact on startup growth. Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho, expressed apprehension about ESMA's dual role in authorization and supervision, suggesting it could hinder the development of innovative firms. The proposal is currently under negotiation and requires approval from the European Parliament and the Council. If implemented, ESMA's oversight of EU capital markets would align more closely with the centralized model of the U.S. Securities and Exchange Commission, an idea initially suggested by European Central Bank President Christine Lagarde in 2023. The centralization of regulatory oversight aims to address disparities in national supervisory practices and licensing regimes across the EU. However, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, warned that without sufficient resources, the mandate could become unmanageable, leading to delays or overly cautious assessments that might disproportionately affect smaller or innovative firms. The broader legislative package seeks to enhance wealth creation for EU citizens by making the bloc's capital markets more competitive with those of the United States. Currently, the U.S. stock market holds a value of approximately $62 trillion, accounting for 48% of the global equity market, while the EU's stock market is valued at around $11 trillion, representing 9% of the global share. The effectiveness of the proposed reform will largely depend on ESMA's operational capacity, independence, and its ability to cooperate with member states.

Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region. source: https://cointelegraph.com/news/european-sec-proposal-licensing-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Clear Street is preparing to list its shares in a deal that people close to the plan allegedly say could value the New York broker between $10 billion and $12 billion. According to the Financial Times, the company wants to move as early as next month, though the timing may change because Goldman Sachs is […] source: https://www.cryptopolitan.com/clear-street-eyes-ipo-at-up-to-12b-valuation/

Analysts point toward three best altcoins to invest in with explosive potential: Avalanche (AVAX), Pepe (PEPE), and Tapzi (TAPZI). source: https://coindoo.com/best-altcoins-to-invest-in-during-crypto-crash-tapzi-to-lead-the-next-bull-run/

Fusaka, ETH: Towards a New Scale - Golden Finance provides an in-depth analysis of the Ethereum Fusaka upgrade and its impact.

The joint risk warning from seven associations not only shuts down RWA in the present, but may also stifle the unlimited imagination for the future of asset tokenization in China.

Stablecoin trading volumes are approaching those of Visa and PayPal, Web3 is "invisibly" entering daily life, and the future Layer 1 will no longer be a "world computer" but a "world database," providing a trusted shared data source for millions of applications.

The public should enhance their risk awareness, protect their own money, refrain from participating in virtual currency-related activities, be wary of false advertising promising high returns, and refuse to click on links and QR codes of overseas trading platforms.

Artificial intelligence, x402 protocol, payment, x402 has made new progress: expanding from AI payment to robot payment. Jinse Finance, the x402 payment ecosystem has great potential, and we can continue to pay attention.

Fate will deal you the same cards until you find a better solution. If you feel you're not making money, it means your understanding is out of sync with the laws of the world. If you feel pain, such as emotional confusion, it means you haven't found the optimal solution.

Ethereum's move from Proof-of-Work (PoW) to Proof-of-Stake (PoS) avoids the energy competition for AI, and low-power nodes lay the foundation for the virtual world, making this consensus transformation timely.

Jinse Finance launches its 2900th issue of "Jinse Morning 8," a daily news report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on digital currencies and the blockchain industry.

Web3 wallets will develop in five key directions in the future, among which integration with AI agents is considered to have the greatest potential.

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.