What Happened Last Night... Cryptocurrency Morning News for December 16th

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Design = Blockstreet Reporter Jeong Ha-yeon
Design = Blockstreet Reporter Jeong Ha-yeon
1. Nasdaq applies for 23-hour trading… Cryptocurrency 24/7 market transforms traditional finance.
Nasdaq submitted a proposal to the U.S. Securities and Exchange Commission (SEC) on the 15th (local time) to expand daily trading hours for stocks and exchange-traded products (ETPs) from the current 16 hours to 23 hours. The new plan calls for daytime trading from 4:00 AM to 8:00 PM, followed by a one-hour break and then overnight trading from 9:00 PM to 4:00 AM the following day. The trading week begins at 9:00 PM on Sunday and ends at 8:00 PM on Friday, maintaining the current 9:30 AM market opening and 4:00 PM market closing times.

2. MetaMask Launches Bitcoin Support, Initiating Full-Scale Multi-Chain Expansion
Consensys-owned MetaMask announced on the 15th that it has added native support for Bitcoin. This update allows users to perform on-chain transfers directly on the Bitcoin network, as well as swaps between EVM native assets and Solana (SOL) and Bitcoin (BTC).

MetaMask is strengthening its position as a multi-chain wallet by introducing various services, including Polymarket integration, the launch of the mUSD stablecoin, and in-app perpetual contract trading based on Hyperliquid.

3. Coinbase Lists Beam (BEAM)… Trading Will Begin Once Liquidity is Reached
Coinbase announced the listing of BEAM spot trading. The BEAM-USD trading pair will be launched in regions where liquidity requirements are met and trading is supported. Coinbase maintains a phased listing approach, prioritizing liquidity before listing.

4. US SEC Chairman: "Cryptocurrency Regulation Needs Balance, Not Oversight"
At the SEC's Cryptocurrency Working Group's sixth roundtable on the 15th, U.S. SEC Chairman Paul Atkins warned that if blockchain regulation goes awry, it could devolve into "the most powerful financial surveillance regime in history." He pointed out that blockchain's powerful ability to track transactions and senders risks degenerating into a "financial panopticon" if the government treats "every wallet as a broker, every piece of code as an exchange, and every transaction as a target for reporting."

At the same time, Chairman Atkins emphasized that there are still viable paths to pursuing both security and innovation without sacrificing individual privacy.

5. Trump Considers Pardoning Samurai Wallet CEO… Cryptocurrency Industry Welcomes It
President Donald Trump has announced that he will consider pardoning the CEO of privacy-focused Bitcoin wallet Samourai. Samourai Wallet has gained attention for its ability to enhance the anonymity of Bitcoin transactions, but it has been subject to US regulatory scrutiny and its executives have faced legal challenges.

6. 75.6% chance that the US Federal Reserve will freeze interest rates in January next year.
According to CME Group's "FedWatch," the probability of the Federal Reserve holding interest rates steady in January next year is 75.6%, and the probability of a 25 basis point cut is 24.4%. By March, the probability of a cumulative 25 basis point cut is 43.5%, the probability of a rate freeze is 47.5%, and the probability of a cumulative 50 basis point cut is 9.1%. The market expects the Fed's cautious monetary policy stance to continue for the time being.

7. Trump: "A peace deal is closer than ever."
President Donald Trump announced on the 15th (local time) that he had a "very good conversation" with European leaders, much of which focused on the Russia-Ukraine conflict. After lengthy discussions, he stated that things "seem to be going smoothly" and that Russia and Ukraine are closer than ever to achieving a "peace agreement" that would bring peace. Trump stated that he had spoken with Russian President Vladimir Putin multiple times and received strong support from European leaders, adding that all parties want an end to the conflict. He added that Ukraine and Russia must reach an agreement, adding that progress is progressing well and dialogue is effective.

Lee Jeong-seop ljs842910@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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