Odaily Planet Daily News: Kevin Hassett, the Director of the White House National Economic Council and a leading candidate to become the next Federal Reserve Chair, reiterated on Friday his expectation that Fed policymakers will cut interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again," he said on Fox Business Channel. He predicted that as the economy recovers from the recent federal government shutdown and new factories come online, there will be an economic boom in early 2026. Hassett also publicly supported Treasury Secretary Besant's proposal to add a residency requirement for regional Fed presidents. Hassett said, "The reason we established all these regional Feds was to ensure a federal system where regions with different concerns could all have a voice at the decision-making level." Besant said on Wednesday that she would push for new rules requiring candidates for regional Fed presidents to have lived in their district for at least three years—a measure the Trump administration accuses the Fed of exceeding...

The proposal to ban state-level artificial intelligence legislation, promoted by U.S. President Trump, failed to pass in Congress, increasing the risks for the White House and the AI affairs director. Although Congress refused to include relevant provisions in the defense policy bill, the White House has discussed reissuing an executive order to take precedence over state legislation and may establish an "AI Litigation Task Force" to address state laws.

On the Polymarket platform, a trader earned nearly $1 million by accurately predicting the 2025 Google search rankings, sparking controversy over insider trading in prediction markets. The trader, with the wallet address "0xafEe" (formerly known as "AlphaRaccoon"), successfully predicted the outcomes of almost all Google search trend markets, including some obscure options. The trader's biggest win came from correctly predicting the "Yes" option that d4vd (a 20-year-old singer) would be the most searched person in 2025, turning a $10,647 bet into nearly $200,000. At the same time, he also made significant profits by betting on the "No" option for figures such as Bianca Censori, Pope Leo XIV, and Trump.

After President Trump’s official pardon, CZ is shifting his strategic focus back to the US market and has publicly expressed his vision of helping the US become the global center for cryptocurrency innovation. According to information from a private launch event at Blockchain Week in Dubai on December 3-4, CZ believes the US has become an “emerging market for CEX” and plans to increase investment once the regulatory environment improves. CZ stated that he is “very grateful” for Trump’s pardon, noting that the move allows his exchange to operate more freely on a global scale, especially in regaining strategic initiative in the US market. At the event, he said directly: “My goal is to help the US become the capital of cryptocurrency.”

American Bitcoin (ABTC), a Bitcoin mining and treasury company co-founded by President Trump’s two sons—Eric Trump and Donald Trump Jr.—has chosen to buy against the trend during periods of extreme market volatility, further reinforcing its strong confidence in Bitcoin’s long-term value. According to a company announcement released on December 3, American Bitcoin added 363 Bitcoins, bringing its total Bitcoin reserves to 4,367 as of December 2, a significant increase from the 4,004 disclosed on November 7. Notably, the company’s increased holdings coincided with Bitcoin’s sharp drop from a high of $126,000 to a range low of around $82,000. American Bitcoin’s strategy is highly consistent with Michael Saylor’s typical “buy the dip” logic, aiming to increase positions during market pullbacks and enhance capital efficiency when the market recovers in the future.

Jinse Finance reports, market news: U.S. President Trump will sign an executive order at 3:00 p.m. local time on Friday (4:00 a.m. Beijing time the next day). (Jin10)

Eric Trump announced that American Bitcoin Corp., the cryptocurrency mining company he co-founded, currently holds 4,367 bitcoins and is increasing its holdings. He predicts that the company will surpass GameStop, which holds 4,710 bitcoins.

BlockBeats News, December 4, Mario Nawfal, founder and CEO of Dubai venture capital firm IBC Group, posted on social media, "When I talked to SBF about the collapse of FTX (the interview will be released soon), he shared an unexpected story with me. SBF's former cellmate was the former president of Honduras, Juan

Since Trump's election, the price of XRP has soared from $0.50 to $2.15, a rise of about 330%, marking its strongest performance since 2017. As the regulatory environment gradually shifts from SEC pressure to being more favorable, Ripple has once again become a market focus. But beyond the hype, what investors really care about is: does XRP actually have practical use? Currently, Ripple's cross-border payment network is its most core application scenario. The company has established over 300 financial partners in 45 countries, with related annual payment volumes reaching $15 billion. XRP already has large-scale applications in high-frequency remittance markets such as Japan, East Asia, the Philippines, and Latin America. Compared to traditional cross-border payments, XRP's advantages lie in low cost, borderlessness, and high speed, which can reduce reliance on traditional financial infrastructure.

Bitcoin’s current rebound is being driven by macroeconomic expectations, particularly speculation about the future leadership of the Federal Reserve and bets on a rate cut in December. As traders have raised the probability of a 25-basis-point rate cut this month to around 80%, the US dollar has fallen for nine consecutive days, significantly easing financial conditions and supporting Bitcoin’s recovery from November’s volatility. BTC has rebounded from the $84,000–$87,000 range to around $93,000. Market attention is shifting from Powell’s existing policies to the future direction of the Federal Reserve after his term ends in May 2026. According to a Reuters report, the Trump administration plans to announce a new chair nominee in early 2026, with candidates including Kevin Hassett, Christopher Waller, Michelle Bowman, Kevin Warsh, and BlackRock’s Rick Rieder. Although these candidates currently do not affect policy votes, the “shadow chairman” effect has already begun to guide yields and the dollar’s trajectory through expectations, thereby indirectly influencing sentiment in the crypto market.

According to BlockBeats, on December 4, as disclosed by Fox Business reporter Charles Gasparino, insiders on Wall Street and in the US business community are making last-ditch efforts to warn Trump about the issue of selecting Kevin Hassett as the Federal Reserve Chairman. The main argument from Wall Street and the business community is that, given the political nature of Hassett's previous work (Director of the US National Economic Council) and his past experience, he lacks credibility among Federal Reserve staff and the markets, while the markets seek an independent Fed. Appointing Hassett would lead to a rise in long-term interest rates and chaos within the Fed. If Hassett manages to lower short-term rates through a split vote under persistent inflationary pressures (as Trump desires), it would be seen as political intervention and trigger inflation. Mortgage and consumer rates are benchmarked against the 10-year Treasury bond, and if

Odaily Planet Daily reports that U.S. Treasury Secretary Bessent stated that the Trump administration's regulatory reforms will release an additional $2.5 trillion in lending capacity for banks. During economic downturns, reliance on private credit will have a procyclical effect, and the growth of private credit stems from overly strict regulation of the banking system. (Jinshi)

Trump hinted at a cabinet meeting that Hassett may become the Fed Chair, leading the market to expect an acceleration of easing policies. US tech stocks and Bitcoin rose, with Bitcoin surpassing $91,000. Analysts recommend diversifying asset allocations to cope with potential volatility.

BlockBeats News, December 3 — The crypto market experienced a broad rally, with BTC briefly surpassing $93,000 before quickly giving back its gains, forming what appears to be a "false breakout" pattern from a technical perspective. In the short term, the market structure has shifted to a volatile pullback, with focus on whether BTC can stabilize in the $90,000–$91,000 range, while $93,200 has become the new resistance level. On the ETF front, there was a net inflow of $58.5 million into BTC and a net outflow of $9.9 million from ETH yesterday, indicating new funds are mainly flowing into Bitcoin, while Ethereum continues a mild outflow trend. On the macro level, Trump has once again strengthened his influence over Federal Reserve appointments, announcing that the new chair nominee will be revealed early next year. He has repeatedly hinted that rate-cut advocate Hassett is his "preferred choice," and the market is rapidly pricing in a potential policy shift. If Hassett takes office, the U.S.

According to Bloomberg, on Tuesday, cryptocurrency mining company American Bitcoin Corp.'s stock price plummeted 51% within 26 minutes, marking a period of extreme market volatility and sparking concerns about the Trump family's involvement in the digital currency sector. Just one minute after Wall Street trading began, the stock dropped 33%, fell to 42% after five minutes, and by 9:56, the decline exceeded 50%. This sharp drop has made American Bitcoin a symbol of crypto market turmoil by the end of 2025 and exposed the vulnerability of several Trump family-backed crypto projects. Trump-affiliated projects have seen declines far greater than the overall market. The World Liberty Financial (WLFI) token has fallen 51% from its peak in early September, Alt5 Sigma has crashed about 75% due to legal issues, and meme coins named after the President and First Lady have plunged 90%-99%. American Bitcoin, founded by Eric Trump, has also tumbled 75%. These fluctuations have significantly eroded the crypto wealth the Trump family accumulated earlier this year and have impacted both the digital asset industry and public confidence.

BlockBeats news, on December 3, Republicans avoided an upset loss in the U.S. House election held Tuesday in Tennessee, bringing relief to Trump and his congressional allies. According to predictions by the Associated Press, NBC News, and election analysis website Decision Desk HQ, Trump-endorsed Republican candidate Matt Van Epps is expected to win. Trump praised the Republican victory in a social media post, and Epps also declared victory. However, even with the win, in a district where Trump won by a landslide just a year ago, voters are gradually distancing themselves from the Republican Party. This is the latest data point indicating that Republicans face a challenging outlook in next year’s midterm elections. In a series of elections this year, Democrats have outperformed their vote advantage for the 2024 presidential election. Just a few weeks ago, the party achieved victories in New York City, New Jersey, and Virginia.

Multiple encryption projects launched by the Trump family have suffered heavy losses, with declines far exceeding mainstream assets, as Bitcoin only fell by 25%. The total value of related projects decreased by over 1 billion dollars, affecting market confidence and the wealth of the Trump family.

Golden Finance reports that according to The Kobeissi Letter, Trump will make a statement at 2:30 PM Eastern Time on Wednesday.

Former FTX CEO SBF praised Trump on social media for pardoning former Honduran President Hernández, stating that he deserves freedom. SBF is serving a 25-year sentence for fraud and other charges, hoping for a pardon, but the likelihood is very low due to his past donations to Biden. His appeal case is still under review.

PANews, December 3 - According to Russian media reports, Russian President Putin and U.S. envoy Vitkov discussed the Russia-Ukraine peace plan for nearly 5 hours. After the meeting, Russian presidential aide Ushakov stated that the two sides discussed several options for resolving the Ukraine issue. Putin requested that several important political signals be conveyed to Trump. The Russian and American sides agreed not to disclose the substance of the negotiations. The content of this negotiation is confidential. The American representatives will return to the U.S. to report their results to Trump and will contact us. Contacts between Russia and the United States are ongoing. A compromise on territorial issues has not yet been reached, but the U.S. side has announced its proposals. Russian presidential special envoy Dmitriev said that the talks were productive.

Golden Finance reported that during a meeting at the White House, U.S. President Trump stated that the potential Fed chairman is here while introducing Hassett.

Golden Finance reports, U.S. President Trump: I get along very well with Elon (Musk). (When asked about Musk-related questions) I just don't want only electric cars.

Odaily News President Trump: We have evaluated 10 candidates for the Fed, and we are down to the last one.

Golden Finance reports that U.S. President Trump says the Fed chair should cut interest rates. Trump reiterated his criticism of Powell, stating that even JPMorgan CEO Dimon said Powell should lower interest rates.

Odaily News Trump: Will announce the new Fed chair nominee early next year.

BlockBeats news, on December 3rd, according to market news, Trump will announce the proposed repeal of automobile fuel economy rules at the White House on Wednesday. Executives from General Motors, Ford, and Stellantis will attend the meeting. Earlier reports indicated that Trump will make a significant statement at 3 a.m. today.

The sharp pullback in Bitcoin prices has affected the Crypto Assets market, with American Bitcoin Corp (ABTC) losing half of its stock price in a short period, falling by 42.18%. The stock has been suspended multiple times due to Fluctuation.

According to ChainCatcher news, Jin10 reports that Deutsche Bank analyst Anterje Plavk pointed out that if the next Fed chair responds to President Trump’s calls for interest rate cuts while inflation remains high, the dollar may face downward pressure. Plavk believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of the Fed cutting rates. She stated that if the Fed cannot effectively curb inflation risks, it will have a negative impact on the currency.

The report by the French bank noted that if the U.S. Supreme Court rules that Trump has implemented comprehensive tariffs illegally, the dollar could weaken immediately, and investors' concerns about the U.S. fiscal deficit would increase. However, the Trump administration may compensate for the fiscal gap through alternative tariff measures.

The crypto assets company Alt5 Sigma, supported by Trump, is under investigation for possibly violating SEC regulations. The company was previously reported to have issues such as insufficient information disclosure and improper handling of executive changes, raising regulatory concerns. The investigation is focused on the resignation of the auditor and the delay in financial reports. Forbes reported that Alt5 Sigma's independent auditor William Hudgens resigned on November 21, but he stated that he had informed the company as early as the end of June and planned to stop services after the submission of the second quarter financial report. More troubling is that the company has yet to submit its third quarter financial report, partly due to the accounting firm's delayed response. According to SEC regulations, listed companies must disclose relevant information within four business days after an external auditor resigns, and the auditor must also review the interim data of the quarterly report. Delayed reports may raise questions from regulatory agencies.

On December 1, Fed Chairman Jerome Powell deliberately avoided discussion of the current economic situation or monetary policy during a speech at the Hoover Institution at Stanford University. He reiterated the Central Bank's responsibility to maintain price stability and emphasized the importance of trust and economic humility. Powell's term will expire in May 2026, and the market is watching for Trump to possibly announce a new Fed chairman candidate this month. The timing of the speech is noteworthy: there are only 9 days left until the next Federal Open Market Committee (FOMC) meeting, and the market had hoped to gain signals on policy direction from the speech. However, Powell emphasized that he would not discuss the current economy or monetary policy, but rather commemorate the contributions of the late former Secretary of State George Shultz.

PANews, December 2nd news: The White House of the United States: President Trump will host a Cabinet meeting at 11:30 AM Eastern Time on Tuesday (0:30 AM Beijing time the next day); and will announce at 2:00 PM (3:00 AM Beijing time the next day).

Odaily News Sources say that Trump trusts Hassett and believes that he is aligned with him on the desire to push the Central Bank for more aggressive interest rate cuts. Hassett has stated that he would accept the position if invited. Last week, U.S. Treasury Secretary Becerra, who is overseeing the selection process, indicated that Trump might announce his nominee before the Christmas holiday. Other finalists besides Hassett include Federal Reserve Board of Governors member Christopher Waller, Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed a desire for Becerra to serve as chairman, but Becerra has repeatedly declined.

According to Foresight News, data from Polymarket shows that in the prediction "Who will Trump nominate as the Fed chairman?", the market currently bets that Kevin Hassett has the highest probability of being elected, rising to 73%.

Paul Krugman warned that Trump's allies are undermining the regulatory measures established after the 2008 financial crisis, increasing instability in the financial system. He mentioned that loosening bank capital requirements and supporting the encryption industry could trigger a new crisis.

BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...

According to Jinse Finance, the board of Alt5 Sigma, a reserve company associated with the Trump family, did not learn of the conviction in May for the money laundering case in Rwanda until the end of August, several months after the World Liberty Financial transaction. Previously, ALT5Sigma announced that it had fired several executives, including acting CEO Jonathan Hugh and COO Ron.