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More →The U.S. Treasury allows states to regulate stablecoins up to $10 billion.
According to news from Bijie, the U.S. Treasury Department announced the creation of a federal certification process that allows qualifying state regulators to oversee stablecoin issuers with up to $10 billion in issuance. Under the GENIUS Act, state-qualified payment stablecoin issuers may opt for state regulation, provided that the state's regulatory framework is deemed substantially similar to the federal framework. The Treasury's interim final rule requires state regulators to submit certification to the Stablecoin Certification Review Committee, including a detailed explanation of how their laws, regulations, and enforceable guidance comply with federal standards. The committee is chaired by the Treasury Secretary and also includes representatives from the Federal Reserve and the FDIC. Approval of initial certification requires a unanimous determination that the state framework meets or exceeds the standards of the GENIUS Act. States must submit annual recertification. This structure builds on the broader U.S. stablecoin framework and increasingly pulls stablecoin issuers toward bank-style regulation and compliance.
Michael Saylor: AI agents will drive the development of digital assets, and the United States should embrace the digital capital transformation.
According to CoinWorld news, Strategy founder Michael Saylor stated that AI agents will become core participants in the digital economy and will tend to use Bitcoin for round-the-clock automated transactions. He believes that U.S. policymakers should shift from restriction to support, promoting capital formation through modernized regulation and safeguarding the right to self-custody of digital assets. If the United States allows banks to custody Bitcoin and provide credit, it will enhance the country's competitiveness. The nation should strive to become a technological leader, addressing external risks by developing AI and digital asset technologies.
A whale sold Ethereum at $2709, then opened a new position of 3283.56 ETH at $2695.
According to Bijie News, over the past week, a whale appeared to sell when Ethereum was priced at $2,709, then opened a position again at $2,695. Four hours ago, he withdrew 3,283.56 ETH from a wallet address, worth about $8.85 million at the current price, far exceeding the previous deposit of 1,099 ETH.
The protocol's fees over the past 24 hours were reported at $68.7818 million.
Bijie.com data: Within the period, the protocol's fees over the past 24 hours were 68.7818 million USD, a decrease of 16.08% compared to the previous statistical period under the same methodology.
The U.S. Senate rejects the Clarity Act, and the SEC approves tokenized stock trading.
CoinWorld news: The U.S. Senate rejected the Clarity Act by a vote of 49 to 50. Forty-eight hours later, the SEC approved on-chain trading of tokenized U.S. stocks. The CFTC subsequently told Wall Street to prepare for large-scale tokenization. This month, a Wall Street giant with $114 trillion in assets will launch its tokenization service. Since the vote, the CFTC has submitted new crypto trading and market rules to the White House, the SEC has proposed new crypto custody rules, approved the first 3x leveraged Bitcoin and Ethereum ETPs, and plans 24-hour stock trading, the Treasury is considering promoting overseas dollar stablecoins, the White House accused large banks of blocking the bill, the NYSE signed an agreement with 44 million crypto accounts, BlackRock, DTCC, Visa, and Mastercard became validators of Circle's new ARC blockchain, community banks sued to block crypto companies from obtaining federal trust charters, and Bitcoin ETFs attracted $3 billion in inflows over the past nine days. Looking ahead, DTCC plans to launch its tokenization service in October, and U.S. stocks will trade for 23 hours starting December 6. Although the Clarity Act may still return, the crypto industry is moving forward regardless.
El Salvador misses IMF bitcoin target but still receives $138 million
According to Cointelegraph, El Salvador failed to meet the Bitcoin targets set by the International Monetary Fund (IMF) but still received $138 million in funding, as the fund signed a waiver agreement.
SOL large holder account long-short ratio is 1.907
CoinWorld data: The latest 4-hour snapshot for SOLUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 1.907, with more net long accounts among large holders. This is down 0.0701 compared with the same-caliber snapshot 24 hours ago.
ETH large holder account long-short ratio is 1.5465
CoinWorld data: The latest 4-hour snapshot for ETHUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 1.5465, with net long accounts outnumbering net short accounts among large holders. This is down 0.1018 compared with the same-metric snapshot 24 hours earlier.
OPEC+ decided at its Sunday meeting to keep its November oil production quota unchanged, according to the statement.
According to news from Bijie, a statement showed that OPEC+ decided at its Sunday meeting to keep its November oil production quota unchanged.
ETH liquidation pressure: watch $2,558.43 below and $2,801.44 above.
According to CoinWorld data: ETH is currently priced at approximately $2,700.19. If the price drops by about 5.25% to around $2,558.43, some high-leverage long positions may face concentrated liquidations; if the price rises by about 3.75% to around $2,801.44, some high-leverage short positions may face concentrated liquidations. The upper liquidation zone is currently closer to the current price, meaning that if the price moves upward, short liquidation pressure may appear earlier. Other notable zones: downside at $2,477.42 and $2,322.16; upside at $2,814.94 and $2,976.95. The above levels are estimated based on public market prices and changes in open interest, and do not mean the price will necessarily reach them, nor are they predictions of price movement. Compared with the same-caliber snapshot 24 hours ago, it is up 0.66%.