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[Sources: Trump may appoint a new Federal Reserve chairman in the first week of January 2026]
According to CNBC, sources familiar with the matter revealed that US President Trump may appoint a new Federal Reserve chairman in the first week of January next year (2026).
Spot gold surpasses $4,450/ounce, setting a new all-time high.
Spot gold rose above $4,450 per ounce, setting a new all-time high, up 0.15% on the day.
Coinbase to acquire prediction market startup The Clearing Company
Coinbase has announced its acquisition of prediction market startup The Clearing Company. The specific amount was not disclosed. The Clearing Company is a prediction market startup that recently announced the completion of a $15 million seed round, with investors including Coinbase Ventures .
[ TD Cowen : Strategy is prepared for a "long Crypto Winter," with a target price of $500]
Strategy (ticker symbol: MSTR) said Monday that its dollar reserves have increased to $2.19 billion after raising approximately $748 million through the sale of common stock. According to TD Securities, a division of investment bank TD Cowen, the new cash reserves are sufficient to cover the company's interest and dividend payments for approximately 32 months and will help it weather challenging market conditions.
"This move underscores the company's robust balance sheet and should alleviate concerns about its continued viability, even in a prolonged 'crypto winter' scenario," analyst Lance Vitanza and his team wrote in a report on Monday. "We believe that enhancing liquidity during periods of market stress is always prudent, and we believe all strategic stakeholders will benefit significantly." TD Securities reiterated its buy rating on Strategy and maintained its 12-month price target of $500.
Fintech company Erebor raises $350 million at a valuation of over $4.3 billion and obtains an FDIC license.
According to Axios, Erebor, a banking startup co-founded by Anduril CEO Palmer Luckey, has raised $350 million, valuing the company at $4.35 billion. Just last week, the Federal Deposit Insurance Corporation (FDIC) approved Erebor's deposit insurance application, making it a federally accredited bank. Erebor was founded in 2025 by Silicon Valley giants Luckey and Joe Lonsdale and is backed by Thiel and Haun Ventures .
According to Axios, Lux Capital led the funding round, with sources remaining anonymous. Erebor's existing investors include Peter Thiel 's Founders Fund , 8VC, and Haun Ventures.
In its banking application, Erebor stated that it would offer traditional banking services as well as cryptocurrency-related products and services. The Financial Times reported in October that despite the close ties between Luckey, Lonsdale, and Thiel and President Trump, Erebor's application did not receive "special treatment" from the Trump administration.
[ Tether CEO retweets, revealing upcoming launch of USAT]
Tether CEO Paolo Ardoino retweeted a post on the X platform about the upcoming USAT, writing, "USAT will be the delivery of value."
According to previous reports, Tether plans to launch its stablecoin USAT in December for the US market to comply with federal regulations under the GENIUS Act. The token will be issued by Tether America, a joint venture between Tether and the regulated US crypto bank Anchorage Digital.
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