Gate Web3 Top News Selection | December 5: Hassett Predicts Rate Cut in December; American Bitcoin Increases Bitcoin Holdings Against the Trend

Amid the overwhelming and complex market information, what is truly critical? “Gate Web3 News Highlights” aims to distill the essence for you. We curate major global crypto market news daily to help you quickly grasp key trends, save time, and gain early insights.

1. Hassett: Fed may cut rates at the next meeting, expected to lower by about 25 basis points

Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve may cut interest rates at its next meeting, with an expected reduction of about 25 basis points. Regarding the next Fed chair, he said the chair should be someone who is responsive to data.

2. US Congresswoman Greene discloses increased Bitcoin holdings, highlighting the political influence of crypto investments

Georgia Congresswoman Marjorie Taylor Greene reported this week that she increased her Bitcoin holdings during the recent market downturn. As lawmakers diversify portfolios with digital assets, this trend underscores the growing political influence of mainstream crypto investment strategies.

A periodic transaction report filed on December 2 shows Greene purchased up to $15,000 worth of BlackRock iShares Bitcoin Trust (IBIT) on November 21, when Bitcoin briefly fell to $82,100, its lowest since April. Since then, Bitcoin has rebounded and is now trading at around $92,373.

This report marks yet another in a series of Bitcoin-related disclosures by Greene this year. She is not the only US lawmaker increasing Bitcoin holdings. In recent months, several members of Congress have reported new Bitcoin positions.

In November, Congressman Brandon Gill disclosed the purchase of up to $250,000 in Bitcoin, and up to $50,000 in IBIT shares.

Senator Dave McCormick reported on Thanksgiving Day that he purchased up to $150,000 in Bitwise Bitcoin ETF shares.

3. JPMorgan: Can Strategy withstand the pressure? A key to Bitcoin’s short-term trend

According to The Block, JPMorgan analysts say that whether Strategy (formerly MicroStrategy) can maintain its Bitcoin holding value ratio above 1 and avoid forced BTC sales is crucial to Bitcoin’s short-term price trends. The analysis points out that while miners face selling pressure due to high production costs, MSTR has $1.44 billion in cash reserves, enough to cover debt expenses for the next two years, thus reducing selling risk. Additionally, the bank maintains a mid-term theoretical BTC target price of about $170,000.

4. CFTC approves spot crypto trading on futures exchanges, strengthening digital asset regulatory framework

The US Commodity Futures Trading Commission (CFTC) announced Thursday that, for the first time, spot crypto products will be allowed to trade on registered futures exchanges. CFTC Acting Chair Caroline Pham said in a statement: “Now, for the first time, spot crypto can be traded on CFTC-registered exchanges with almost a century of gold-standard protections, providing Americans with the customer protection and market integrity they deserve.”

5. Solana co-founder: Crypto market cap will keep rising; eventually, market share will be distributed by revenue

Solana co-founder Toly tweeted, “High valuation multiples simply reflect the industry’s risks and opportunities. I believe the total crypto market cap will continue to rise, and, ultimately, market share will be distributed by revenue. Achieving this will be a long and arduous battle for market share, and only blockchains competing to win the entire market will survive.”

6. US Treasury adds another $2 billion in debt buybacks, weekly total reaches $14.5 billion

According to Bitcoin.com News, the US Treasury, after its historic $12.5 billion debt buyback (the largest ever), has added another $2 billion, bringing this week’s total buybacks to $145 billion.

7. HumidiFi: New token launch and public sale restart, airdrop for all Wetlist users and JUP stakers

Solana-based dark pool DEX HumidiFi officially announced it will launch a new token and restart its public sale next Monday to address issues where bots dominated the initial sale and community users couldn’t participate. HumidiFi stated that, in the first sale, large-scale bots used batch wallets to instantly buy up all tokens, preventing Wetlist (HumidiFi users and community) users and JUP stakers from joining. To protect community interests, HumidiFi will airdrop new tokens proportionally to Wetlist users and JUP stakers. The bot addresses will be excluded from distribution. The new public sale will use a newly audited DTF smart contract to prevent similar incidents.

8. Hubei Jiayu police announce handling of 1.9 million unclaimed USDT virtual assets

Jiayu County Public Security Bureau in Xianning City, Hubei Province, announced that during investigations into fraud and personal information infringement cases, a large amount of evidence was seized from suspects’ residences, including a crypto wallet containing about 1.9 million USDT. Since the asset currently has no clear owner, the police have issued a public notice: relevant individuals must claim it with valid documents within six months, or it will be legally forfeited to the state.

9. Genesis creditors’ $243 million theft suspect arrested, $18.58 million in crypto assets seized

On-chain sleuth ZachXBT posted: “UK threat actor Danny / Meech, aka Danish Zulfiqar (Khan), appears to have been arrested by law enforcement and his crypto assets have been seized.

Currently, $18.58 million is stored at the following address:

0xb37d617716e46511E56FE07b885fBdD70119f768

I have been monitoring him and have confirmed his participation, along with Malone, Veer, Chen, and Jeandiel, in the Genesis creditors’ $243 million theft in August 2024.

Danny was also involved in the Kroll SIM swap event of August 2023, which leaked PII of BlockFi, Genesis, and FTX creditors, leading to over $300 million in losses via targeted social engineering scams.

A few hours ago, I tracked several addresses linked to him, with funds converging at the 0xb37d address in a pattern similar to other law enforcement seizures.

Reportedly, Danny was last seen in Dubai. Police allegedly raided his villa and arrested others inside.

Multiple sources say they have not responded to any messages in recent days.”

10. Italy launches “deep review” of crypto risks, signaling stricter regulation

Italy has officially launched a “deep review” of retail investors’ crypto asset exposure, marking a further escalation of European regulators’ focus on digital asset risks. Led by the Ministry of Economy and Finance, the goal is to assess protection mechanisms for retail investors in direct and indirect crypto investments and to address potential risks arising from fragmented global regulation.

The Italian Macroprudential Policy Committee (comprising the central bank, insurance and pension regulators, and the finance ministry) warned that as crypto becomes increasingly linked with the traditional financial system, while international regulatory standards diverge, systemic risk may increase. These concerns are especially prominent as digital asset market cap surpasses $3 trillion and US policy clearly turns “pro-crypto.”

Gyld Finance co-founder Ruchir Gupta noted that cross-border regulatory differences could funnel high-risk activities into weakly regulated regions, creating “real financial blind spots.” He expects that as US regulatory paths become clearer, the world may see “substantial convergence” by 2026. Italy’s review reflects regulators no longer see crypto as a marginal risk, but as part of the financial stability framework.

The Bank of Italy had previously warned that the global integration of crypto markets and rapid price increases (especially after Trump’s victory) could increase traditional financial fragility, emphasizing governance flaws, conflicts of interest, and over-concentration in the US market.

ChaiDEX CTO Nitesh Mishra stated that Europe is entering a stricter crypto regulatory phase, and the full implementation of the Markets in Crypto-Assets Regulation (MiCA) will further strengthen licensing, capital requirements, and AML rules. He noted that although stricter rules will increase compliance costs, companies will benefit from regulatory certainty, EU passporting advantages, and a more trusted global competitive position.

Industry insiders agree that tighter oversight and unified compliance frameworks may attract strong firms to prioritize the European market, while providing a safer investment environment for retail investors. (Decrypt)

11. American Bitcoin increases BTC holdings against the trend: stock price drops nearly 50% but remains firmly bullish long-term

American Bitcoin (ABTC), a Bitcoin mining and treasury company co-founded by Donald Trump’s sons Eric Trump and Donald Trump Jr., bought more BTC during intense market volatility, underscoring high confidence in Bitcoin’s long-term value. According to a December 3 announcement, American Bitcoin added 363 BTC, bringing total reserves to 4,367 BTC as of December 2, up significantly from 4,004 BTC disclosed on November 7.

Notably, this increase came as Bitcoin plunged from a $126,000 high to a low around $82,000. American Bitcoin’s strategy closely echoes Michael Saylor’s classic “buy the dip” approach—expanding holdings during pullbacks to boost capital efficiency in the next market upturn.

Despite macro headwinds, Bitcoin’s current trading range of around $92,600 offers a relatively healthy operating environment for mining and accumulation firms. According to Google Finance, ABTC shares closed at $2.39, up 9.13% on the day.

This accumulation coincides with strong Q3 financials: American Bitcoin’s revenue surged from $11.6 million last year to $64.2 million, and the company turned a profit of $3.5 million versus a $600,000 loss in the prior year.

However, despite strong financials, ABTC shares previously fell nearly 50%, surprising the market. Co-founder Eric Trump said such volatility was expected and emphasized the team’s firm belief in their long-term strategy.

Overall, American Bitcoin is using the market adjustment period to actively accumulate reserves, showing continued optimism for Bitcoin as a long-term leading asset and reflecting the ongoing spread of the “opportunistic accumulation” model among crypto institutions.