Crypto Morning Brief: Michael Selig Officially Assumes Role as US CFTC Chairman, Uniswap 'UNIfication Proposal' Passes

深潮Pubblicato 2025-12-23Pubblicato ultima volta 2025-12-23

Introduzione

Crypto Morning Brief: Michael Selig has been officially sworn in as Chairman of the U.S. CFTC. He emphasized the agency’s growing role in shaping practical regulatory standards for digital asset markets. In other news, Uniswap’s “UNIfication” proposal has passed with over 69 million votes. The proposal will activate a fee mechanism, burn 100 million UNI tokens from the foundation treasury, and introduce a fee discount auction system. Since the vote began, UNI’s price has risen over 25%. Spot gold hit a new all-time high, surpassing $4,450 per ounce. Federal Reserve Governor Milan noted that the need for a 50-basis-point rate cut has diminished, though he warned that policy rates must adjust to reflect a declining neutral rate. Elsewhere, Espresso opened eligibility checks for its $ESP airdrop, with token claims starting in early 2026. Hyperliquid responded to transparency criticisms, asserting its full on-chain verifiability. Polymarket plans to launch its own Ethereum L2. Japanese firm Metaplanet approved issuing dividend-preferred shares and holds over 30,800 BTC. JPMorgan is considering offering crypto trading services to institutional clients. Coinbase acquired prediction market startup The Clearing Company. Trump Media purchased an additional 150 BTC, raising its total holdings to 11,241 BTC.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Spot Gold Rises to $4450/Ounce This Morning, Hitting Another Record High

According to Jinshi Data, spot gold rose to $4450 per ounce this morning, setting another historical high, with a daily increase of 0.15%.

Michael Selig Has Officially Been Sworn In as US CFTC Chairman

According to Cryptobriefing, Michael Selig, a pro-Bitcoin figure, has officially been sworn in as Chairman of the US Commodity Futures Trading Commission (CFTC), following his confirmation by the US Senate.

In a statement, Selig noted that the CFTC is entering a significant period of transformation, driven by increased retail participation and the emergence of new products and platforms. He stated that the agency will play a larger role in establishing practical regulatory standards for the digital asset market while maintaining the stability and security of the US derivatives market. Selig emphasized: "We are at a unique moment where various new technologies, products, and platforms are emerging, retail participation in commodity markets is at an all-time high, and Congress is about to send digital asset market structure legislation to the President, solidifying the US's position as the 'crypto capital.'"

Prior to joining the CFTC, Selig served as Chief Legal Counsel of the US Securities and Exchange Commission (SEC) Crypto Working Group and Senior Advisor to Chairman Paul Atkins.

Fed Governor Milan: The Need for a 50 Basis Point Rate Cut Has Weakened

Federal Reserve Governor Milan stated that with the recent progress in monetary policy adjustments, the necessity for the 50 basis point rate cut he previously advocated has diminished. Milan pointed out that there have been some abnormal fluctuations in recent inflation data, partly related to the government shutdown. These anomalous signals suggest that the Fed's policy stance should shift towards a more accommodative direction. He emphasized that he does not currently see a risk of the economy falling into recession in the short term but believes that the neutral interest rate level has clearly shifted downward, and monetary policy must reflect this structural change. If policy rate is not consistently lowered to align with the new neutral level, it could instead increase the risk of the economy falling into recession. Additionally, regarding his own term, Milan admitted he is uncertain whether he will remain. He stated: If no successor is confirmed by the end of January, I will assume that I will continue to serve by default.

Uniswap's "UNIfication" Fee Switch Proposal Has Reached the 40 Million Vote Threshold for Passage, Will Take Effect This Week

According to Cointelegraph, Uniswap's fee switch proposal "UNIfication" has reached the 40 million vote threshold for passage and will take effect this week.

As of Monday, the proposal had received nearly 69 million affirmative votes, with voting ending on Thursday (Christmas Day). After the proposal passes, there will be a two-day timelock period, after which the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering UNI token burns.

The proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider yields. These changes are expected to significantly improve the supply and demand dynamics of the UNI token and enhance its long-term holding value.

Since voting began, the UNI price has risen over 25% and is currently trading at $6.19.

Espresso: Eligibility Check for ESP Airdrop Now Open, Token Claiming to Begin in Early 2026

According to an official announcement, the blockchain infrastructure Espresso Foundation has officially launched the $ESP token registration portal. Users can now connect their wallets to check if they are eligible for the Espresso airdrop. The token claiming page will open in early 2026.

Previous news indicated that Espresso completed a $28 million Series B funding round in 2024, led by a16z.

Hyperliquid Responds to Transparency Concerns, Emphasizes On-Chain Solvency is Fully Verifiable

Hyperliquid issued an official statement responding to multiple criticisms raised in a recent article about its platform. The statement emphasized that Hyperliquid is built on on-chain transparency, the platform is fully solvent, and every dollar is traceable and verifiable. Officials pointed out that critics overlooked the existence of HyperEVM USDC, incorrectly claiming the system was missing $362 million.

The statement clarified that testnet functions are only for the test environment and cannot be executed on the mainnet; the platform has no privileged users or fee exemptions; the CoreWriter function was misunderstood and cannot arbitrarily mint tokens or move user funds.

Hyperliquid stressed that as the only major perpetual contract platform with fully transparent state and transactions, anyone can run a node to verify the on-chain state, and every order, trade, and liquidation can be checked in real-time, a transparency advantage that other major trading platforms lack.

Sources: Polymarket Plans to Launch Its Own L2

Polymarket trader PredictTrader (@polymarketbet) summarized information recently disclosed by Polymarket team member Mustafa on social media, with key points as follows:

  1. Polymarket plans to migrate away from Polygon and intends to launch its own Ethereum L2 service, POLY. Launching POLY is the "top priority."

  2. Polymarket plans to abandon all third-party vendors (GoldSky, Alchemy, etc.).

  3. This week, Polymarket will launch 5-minute markets.

Japan's Largest Bitcoin-Holding Company Metaplanet Approves Issuance of Dividend-Preferred Shares

According to Cointelegraph, Japan's largest corporate Bitcoin holder, Metaplanet, approved a comprehensive overhaul of its capital structure on Monday, allowing it to raise funds from institutional investors by issuing dividend-preferred shares. The approved proposals include reclassifying capital reserves, doubling the authorized number of Class A and Class B preferred shares, and modifying the dividend structure to introduce floating and periodic dividends. Class A preferred shares will adopt a monthly floating dividend mechanism, while Class B preferred shares will offer quarterly dividends and be open to international institutional investors. It is reported that Metaplanet currently holds approximately 30,823 Bitcoins, valued at $2.75 billion, making it the largest corporate Bitcoin holder in Asia. The company also announced it will trade on the US over-the-counter market through American Depositary Receipts, further expanding its global market presence.

JPMorgan Considers Providing Cryptocurrency Trading Services for Institutional Clients

According to Bloomberg, Wall Street giant JPMorgan is evaluating the possibility of providing cryptocurrency trading services for its institutional clients. People familiar with the matter revealed that the bank's markets division is exploring products and services to expand its cryptocurrency business scope, potentially including spot and derivative trading.

Coinbase Acquires Prediction Market Startup The Clearing Company

According to The Block, Coinbase has reached an agreement to acquire prediction market startup The Clearing Company, with the transaction expected to be finalized in January 2026. This acquisition is part of Coinbase's "all-in-one exchange" strategy, aiming to deepen its presence in the event trading space. The Clearing Company team will join Coinbase to help expand its prediction market products. The startup was founded this year and received $15 million in seed funding in August, with investors including Coinbase Ventures.

Trump Media Spends $13.44 Million to Acquire an Additional 150 BTC

According to Arkham monitoring data, approximately 9 minutes ago, Trump Media, owned by Donald Trump, spent $13.44 million to acquire an additional 150 BTC. Trump Media's Bitcoin holdings now total 11,241 BTC, worth approximately $1 billion.

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Domande pertinenti

QWho has been sworn in as the new chairman of the U.S. Commodity Futures Trading Commission (CFTC)?

AMichael Selig has been officially sworn in as the new chairman of the U.S. Commodity Futures Trading Commission (CFTC).

QWhat is the 'UNIfication' proposal for Uniswap and what is its main purpose?

AThe 'UNIfication' proposal is a fee switch mechanism for Uniswap that has passed its voting threshold. Its main purposes are to burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider yields, thereby improving the token's supply and demand dynamics.

QWhich company, reported as the largest corporate Bitcoin holder in Japan, has approved issuing dividend-preferred shares?

AMetaplanet, the largest corporate Bitcoin holder in Japan, has approved issuing dividend-preferred shares to raise funds from institutional investors.

QAccording to the article, which major Wall Street bank is considering offering cryptocurrency trading services to its institutional clients?

AJPMorgan is considering offering cryptocurrency trading services, including potential spot and derivatives trading, to its institutional clients.

QWhat significant action did Trump Media take regarding its Bitcoin holdings, as mentioned in the report?

ATrump Media spent $13.44 million to acquire an additional 150 BTC, increasing its total Bitcoin holdings to 11,241 BTC, valued at approximately $1 billion.

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Bitcoin Short-Term Bullish Structure Validated, HYPE Low-Entry Window Opens | Guest Analysis

**Market Analysis Summary (Week of June 2026)** **Overall Market Context:** The market environment is exceptionally complex, with the unexpected US-Iran agreement and the reopening of the Strait of Hormuz triggering a global asset repricing and significant volatility. This heightened noise underscores the importance of a structured analytical framework. **Bitcoin (BTC) Analysis & Strategy:** * **Current Status:** The price has climbed above $65,000, currently in a rebound phase (segment 38-39) following a complex 12-segment correction from the May high of $82,850. * **Key Levels:** * **Primary Resistance:** $69,500–$70,500. A successful breakout above $65,000 targets this zone. * **Primary Support:** $65,000 (immediate), followed by $59,000–$60,000 and $55,000. * **Weekly Outlook & Strategy:** The focus is on the confirmation of the $65,000 level. * **Bullish Scenario (Hold $65K):** A move toward the $69.5K–$70.5K resistance zone is anticipated, which is a potential area for initiating medium-term short positions. * **Bearish Scenario (Break below $65K):** A retest of the $60,000–$62,000 support range is likely. * **Medium-Term Strategy:** Currently neutral. Plan to establish short positions (up to 60% allocation) either in the $69.5K–$70.5K resistance zone upon signs of rejection, or on a confirmed breakdown below $65,000 and further below $59K–$60K. * **Short-Term Strategy:** Utilize 30% capital for scalping opportunities based on support/resistance levels, using 30/60-minute charts. **HYPE Analysis & Strategy:** * **Current Status:** The price has stabilized around $52 after a four-segment decline from the June high of $75.87 and is now in a rebound (segment 50-51). * **Key Levels:** * **Primary Resistance:** $62.50–$64.57. Watch for potential rejection here to form a lower high. * **Primary Support:** $52–$55.50, followed by $47–$49. * **Weekly Outlook & Strategy:** Adopt a "buy on dips, avoid chasing rallies" approach. * **Core View:** Monitor the price action and potential formation of a lower high ("endpoint 51") in the $62.50–$64.57 resistance zone. * **Short-Term Strategy:** Consider light long positions (max 30% allocation) if the price finds support and shows reversal signals in the $52–$54.50 or deeper $47–$49 support zones, confirmed by proprietary quantitative bottom signals. **Trade Review:** Last week's HYPE short-term long trade, executed based on proprietary "Price Difference" and "Momentum" model signals, yielded a profit of approximately 11.88%. The entry was near $54.39 and exit near $60.85. **Risk Management Reminder:** Always set an initial stop-loss upon entry. Move stop-loss to breakeven at +1% profit, then trail it upwards to lock in gains as the trade progresses. *Disclaimer: All analysis, models, and strategies are based on personal technical analysis for educational purposes only, not investment advice. The market carries inherent risk.*

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Bitcoin Short-Term Bullish Structure Validated, HYPE Accumulation Window Opens | Guest Analysis

**Bitcoin and HYPE Market Analysis: Short-Term Outlook and Trading Strategies** This market analysis examines Bitcoin (BTC) and HYPE amid volatile conditions, providing short-term outlooks and specific trading strategies. **Key Outlooks:** * **Bitcoin (BTC):** Focus is on whether BTC's recent move above $65,000 holds. A successful breakout could lead to a test of the $69,500-$70,500 resistance zone, where medium-term short positions are considered. A failure, breaking below $65,000, may trigger a decline towards the $59,000-$60,000 support area. * **HYPE:** The token completed a four-wave correction and is now rebounding. The key resistance zone is $62.5-$64.57. The trading strategy is "buy on dips," looking for entry opportunities near the $52-$54.5 or deeper $47-$49 support zones, pending confirmation from proprietary models. **BTC Trading Strategy:** * **Medium-term:** Primarily looking to establish short positions (up to 60% allocated capital) if price rallies to the $69,500-$70,500 resistance area and shows signs of reversal. Alternative plans involve initiating shorts on a breakdown below $65,000. * **Short-term:** Allocate up to 30% capital for intraday "spread" trades based on support/resistance levels on 30/60-minute charts. **HYPE Trading Strategy:** * **Short-term:** Adopt a dip-buying approach. Consider light long positions (under 30% capital) when price tests key support levels ($52-$54.5 or $47-$49) and shows stabilization, confirmed by proprietary "Price Spread" and "Momentum Quant" models. **Trade Recap:** The analysis reviews a successful HYPE long trade from the previous week, executed at ~$54.39 and closed at ~$60.85 for an ~11.88% gain, based on signals from the aforementioned models. **Risk Management Emphasis:** The article stresses strict capital allocation (under 30-60%), immediate initial stop-loss placement, and a trailing stop-loss protocol to lock in profits as trades move favorably. ***Disclaimer:** All analysis, models, and strategies are for educational purposes based on technical analysis, not investment advice. Markets are volatile; trade with caution.*

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