Bitpush editor's daily selection of Web3 news:
【Sources: Trump may appoint new Federal Reserve chair in first week of January 2026】
Bitpush News, according to CNBC reports, sources familiar with the matter revealed that U.S. President Trump may appoint a new Federal Reserve chair in the first week of January next year (2026).
【Spot gold breaks above $4,450 per ounce, hitting new all-time high】
Bitpush News, spot gold has broken above $4,450 per ounce, setting a new all-time high, with a daily gain of 0.15%.
【Coinbase to acquire prediction market startup The Clearing Company】
Bitpush News, Coinbase announced it will acquire prediction market startup The Clearing Company. The specific amount has not been disclosed. The Clearing Company is a prediction market startup that recently announced the completion of a $15 million seed funding round, with investors including Coinbase Ventures.
【TD Cowen: MicroStrategy prepared for "prolonged crypto winter," target stock price $500】
Bitpush News, MicroStrategy (stock code: MSTR) stated on Monday that after raising approximately $748 million through the sale of common stock, its dollar reserves have increased to $2.19 billion. According to TD Securities, a division of investment bank TD Cowen, the additional cash reserves are sufficient to cover the company's interest and dividends for about 32 months and help it withstand challenging market conditions.
Analyst Lance Vitanza and his team wrote in a report on Monday: "This move highlights the company's robust balance sheet, which should alleviate concerns about its ongoing viability even in a prolonged 'crypto winter' scenario. We believe that enhancing liquidity during periods of market stress is always a prudent move, and we are confident that all strategic stakeholders will benefit significantly." TD Securities reiterated its Buy rating on MicroStrategy, maintaining a 12-month target price of $500.
【Fintech company Erebor completes $350 million funding at over $4.35 billion valuation, secures FDIC license】
Bitpush News, according to Axios reports, banking startup Erebor, co-founded by Anduril CEO Palmer Luckey, has raised $350 million at a valuation of $4.35 billion. Just last week, the Federal Deposit Insurance Corporation (FDIC) approved Erebor's deposit insurance application, making it a federal-level bank. Erebor was founded in 2025 by Silicon Valley heavyweights Luckey and Joe Lonsdale and has received support from Thiel and Haun Ventures.
According to Axios, Lux Capital led this funding round, with sources remaining anonymous. Erebor's existing investors include Peter Thiel's Founders Fund, 8VC, and Haun Ventures.
Erebor stated in its bank application that it will offer traditional banking services as well as cryptocurrency-related products and services. The Financial Times reported in October that despite Luckey, Lonsdale, and Thiel's close ties to President Trump, Erebor's application did not receive "special treatment" from the Trump administration.
【Tether CEO retweets disclosure of upcoming USAT launch】
Bitpush News, Tether CEO Paolo Ardoino retweeted a post about the upcoming launch of USAT on platform X, writing: "USAT will be value transfer".
According to previous news, Tether plans to launch USAT, a stablecoin for the U.S. market, in December to comply with federal regulations under the GENIUS Act. The token is issued by Tether America, a joint venture between Tether and regulated U.S. crypto bank Anchorage Digital.
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