Trump signs executive order to unify AI regulation rules, restricting states from independently制定 policies, aiming to reduce regulatory barriers to promote innovation. The order also calls for the establishment of a special task force to address state laws conflicting with the new regulations, which could lead to weakened oversight and pose risks.

December 13 data shows that if Bitcoin falls below $88,000, $10.71 million long positions will be liquidated; if it breaks above $92,000, $10.57 million short positions will be liquidated. This information highlights the changes in liquidation intensity within specific price ranges.

On December 13, according to Arkham monitoring, two wallet addresses belonging to the same whale (9uuDsd and 9jnPPD) transferred a total of 2.299 billion PUMP to FalconX during the early hours of today, worth approximately $6.3 million. Historical data shows that this whale has been continuously accumulating PUMP tokens for over three months, but the entry point was near the high price, and it has increased holdings during several market corrections. If these tokens are sold now, it would likely realize a loss of about $5 million.

On December 13th, Farside Investors data shows that yesterday, the US Bitcoin spot ETF had a net inflow of $49.1 million, with BlackRock's IBIT contributing the most. The Ethereum spot ETF, on the other hand, had a net outflow of $19.4 million, mainly due to poor performance of Grayscale products.

On December 13th, CEX announced on social media that it has found solid evidence indicating that multiple related and colluding accounts used large amounts of OM tokens as collateral to borrow massive amounts of USDT, artificially driving up the OM price. The CEX risk team promptly flagged this suspicious activity, contacted the relevant account holders, and requested corrective action, but the other party refused to cooperate. To mitigate the risk, the platform took control measures against these related accounts. Shortly thereafter, the OM price plummeted. CEX only liquidated a very small portion of OM collateral, and the significant losses caused by the sharp price decline were fully covered by the CEX security fund. Multiple third-party analyses pointed out that the main driver of this price crash was trading activity in perpetual contracts on non-CEX trading platforms. The CEX security fund operated entirely according to its designed mechanism. To date, the other party has not explained the source of the large amount of OM tokens nor clarified why these

Vanguard executives refer to Bitcoin as a speculative toy, emphasizing its lack of stable cash flow and compounding features. Nevertheless, the company has allowed clients to trade crypto-related ETFs, stating that investment decisions are up to the clients to judge. They believe Bitcoin may demonstrate value in special circumstances, but currently lack the investment logic to support it.

On December 13th, Citadel Securities proposed to the SEC to strengthen regulation of DeFi protocols, which was opposed by the DeFi industry, claiming that its views are baseless. Multiple organizations jointly stated that while supporting investor protection, they oppose restricting DeFi activities to traditional intermediaries and accused Citadel of defending its own interests.

Fogo officially announces the cancellation of the originally scheduled token pre-sale on December 17th and will instead focus resources on airdrop distribution. Snapshots have been completed for Fogo Fishers, Portal Bridge token holders, and USDC cross-chain transfer users. The relevant groups will receive Fogo Flames points as rewards, with the first batch of rewards to be distributed when the mainnet launches on January 13th.

On December 13th, U.S. stocks all declined, with the S&P 500 down 1.07%, the Nasdaq dropping 1.69%, and the Dow Jones down 0.51%. Cryptocurrency stocks generally declined, including CEX down 0.58%, Circle down 5.76%, with several stocks falling more than 8%.

CEX is preparing to launch an internal prediction market supported by Kalshi to expand the asset class coverage of its trading platform. Both parties are expected to officially announce the partnership soon and will unveil related products, including tokenized stocks, at the event on December 17.

Powell pointed out that AI is impacting employment in the United States, and Trump is inclined to nominate Wosh or Hasset to lead the Federal Reserve. US bond yields are rising, and Standard Chartered is expanding digital asset services. Oracle confirmed it will continue collaborating with OpenAI with no delay plans. Bank of America predicts that interest rates in the money market will only return to normal by 2026.

【Moody’s Proposes New Stablecoin Rating Framework Focused on Reserve Asset Quality】Moody’s has released a new stablecoin rating framework proposal, emphasizing the credit quality of stablecoin reserve assets, market value risk, and operational risk assessments. The framework implies that even two stablecoins both pegged 1:1 to the US dollar may have different ratings depending on the type of reserve assets backing them.
Moody’s states that the rating process will be conducted in two stages: first, assessing the credit quality of various assets in the reserve pool and the related counterparties; second, estimating market value risk based on asset categories and maturities, and setting “advance rates” for different assets. Factors such as operational, liquidity, and technological risks of stablecoins will also be included.
The report points out that issuers must effectively segregate stablecoin reserve assets from other business activities, ensuring these assets are only used for redemption purposes even if the issuer goes bankrupt.