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

marsbit2025-12-23 tarihinde yayınlandı2025-12-23 tarihinde güncellendi

Özet

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 passed with over 69 million votes, activating a fee mechanism that will burn UNI tokens and improve tokenomics. UNI’s price has risen over 25% since the vote began. Spot gold hit a new all-time high, surpassing $4,450 per ounce. Federal Reserve Governor Milan noted that the urgency for a 50-basis-point rate cut has diminished, though he warned that policy rates must adapt to a lower neutral rate to avoid recession risks. Corporate crypto adoption continues: Japan’s Metaplanet approved issuing dividend-preferred shares to raise funds and holds over 30,800 BTC. Trump Media purchased an additional 150 BTC, raising its total holdings to 11,241 BTC. JPMorgan is reportedly exploring cryptocurrency trading services for institutional clients, and Coinbase acquired prediction markets startup The Clearing Company. Other updates include Espresso opening eligibility checks for its $ESP airdrop, Hyperliquid defending its transparency and solvency, and Polymarket planning to launch its own Ethereum L2.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Spot Gold Rises to $4,450/Ounce This Morning, Hitting Another Record High

According to Jinshi Data, spot gold rose to $4,450 per ounce this morning, setting another historical record 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 U.S. Commodity Futures Trading Commission (CFTC), following his confirmation by the U.S. 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 indicated 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 U.S. derivatives market. Selig emphasized: "We are at a unique moment where various new technologies, products, and platforms are emerging, retail participation in commodity markets has reached a historical high, and Congress is about to send digital asset market structure legislation to the President, solidifying the U.S. as the 'crypto capital.'"

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

Fed Governor Milan: The Necessity 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 weakened. Milan pointed out that there have been some abnormal fluctuations in recent inflation data, partly related to government shutdowns. These abnormal 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 a short-term recession but believes that the neutral interest rate level has clearly shifted downward, and monetary policy must reflect this structural change. If policy rates are not consistently lowered to align with the new neutral level, it could instead increase the risk of the economy falling into a 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.

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

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

As of Monday, the proposal had received nearly 69 million affirmative votes, and voting will conclude 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 opened 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 Full On-Chain Verifiability of Solvency

Hyperliquid officially issued a statement responding to multiple criticisms raised in a recent article about its platform. The statement emphasized that Hyperliquid is built on on-chain transparency, with the platform being fully solvent and every dollar 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; and 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 U.S. over-the-counter market through American Depositary Receipts, further expanding its global market presence.

JPMorgan Considers Offering Cryptocurrency Trading Services to Institutional Clients

According to Bloomberg, Wall Street giant JPMorgan is evaluating the possibility of offering cryptocurrency trading services to its institutional clients. Sources familiar with the matter revealed that the bank's markets division is exploring products and services to expand its cryptocurrency business scope, which may include spot and derivatives 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 completed by 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 from investors including Coinbase Ventures.

Trump Media Spends $13.44 Million to Increase Holdings by 150 BTC

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

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İlgili Sorular

QWho has been officially sworn in as the new chairman of the U.S. CFTC, and what is his stance on digital assets?

AMichael Selig has been officially sworn in as the new chairman of the U.S. Commodity Futures Trading Commission (CFTC). He is known for being pro-Bitcoin and has emphasized that the CFTC will play a greater role in setting practical regulatory standards for the digital asset market while maintaining the stability and safety of the U.S. derivatives market.

QWhat is the 'UNIfication' proposal for Uniswap, and what is its expected impact on the UNI token?

AThe 'UNIfication' proposal is a fee switch mechanism for Uniswap that has passed with over 40 million votes. It will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider rewards. These changes are expected to significantly improve the supply and demand dynamics of the UNI token and enhance its long-term holding value.

QWhich company is the largest corporate holder of Bitcoin in Japan, and what recent financial move did it approve?

AMetaplanet is the largest corporate holder of Bitcoin in Japan, with approximately 30,823 BTC valued at $2.75 billion. The company recently approved a capital structure overhaul that allows it to raise funds from institutional investors by issuing dividend-preferred shares.

QWhat major Wall Street bank is reportedly considering offering cryptocurrency trading services to its institutional clients?

AJPMorgan is reportedly considering offering cryptocurrency trading services to its institutional clients. The bank's markets division is exploring products and services that could include both spot and derivatives trading to expand its crypto business offerings.

QWhat did Hyperliquid emphasize in its response to recent transparency concerns about its platform?

AHyperliquid emphasized that its platform is built on-chain transparency, is fully solvent, and that every dollar is trackable and verifiable. It clarified that critics mistakenly ignored the existence of HyperEVM USDC and that its testnet functions cannot be executed on the mainnet. The platform has no privileged users or fee exemptions, and its CoreWriter function cannot arbitrarily mint tokens or move user funds.

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