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The United States has ended its previous administration's investigation into Chinese chip trade and will not impose additional tariffs on Chinese chips for the next 18 months.
According to the Global Times, the US government announced on the 23rd that it will impose additional tariffs on Chinese chips in 2027, ending the trade investigation launched by the previous Biden administration targeting Chinese chips. US media analysis suggests that although the US government claims China's practices in the chip industry "harm US interests," the final decision not to impose additional tariffs on Chinese chips for at least 18 months is significant. Bloomberg reports that the postponement of new tariffs is the latest signal that the US government is seeking to solidify the US-China "truce" agreement and stabilize US-China relations.
[Crypto Stocks Year-End Review: BitMine, IREN, and Robinhood Lead the Way, Strategy Struggles]
The S&P 500 has risen nearly 20% this year, while Bitcoin prices have fallen by about 4%. The performance of US cryptocurrency companies has been mixed. The best performing cryptocurrency stocks in 2025 include: BitMine (+345%), IREN (+300%), Cipher Mining (+250%), Robinhood Markets (+208%), Hut 8 (+136%), Terawaulf (+132%), and Bitfarms (+72%). The worst performing cryptocurrency stocks in 2025 include: Sol Strategies (-88%), Fold Holdings (-75%), Gemini (-67%), Semler Scientific (-66%), Exodus Movement (-45%), and Strategy (-44%).
[ Aave founder accused of manipulating governance votes after spending millions of dollars on cryptocurrency]
According to market sources, Aave founder Stani Kulechov recently sparked controversy in the community by purchasing $10 million worth of AAVE tokens. Critics point out that this move may be an attempt to increase his influence in voting on key governance proposals.
The current controversy centers on a proposal to regain control of the brand assets of the agreement, which has been accused of rushing into the voting stage without sufficient discussion. Data shows that the top three voters in Aave DAO control more than 58% of the voting power, raising questions about the fairness of the governance mechanism.
[Fidelity Research Director Jurrien Timmer : Bitcoin may enter a "consolidation year" in 2026, with support at $65,000]
Despite Bitcoin hitting an all-time high of over $126,000 on October 6th, it subsequently suffered a $19 billion liquidation event, and is currently trading at approximately $87,000. Market opinions on future trends are divided. Dan Tapiero, founder of 50T Funds, believes the bull market is still in its "mid-stage," while Fidelity's research director predicts that 2026 may be a "year of consolidation" for Bitcoin, with support levels between $65,000 and $75,000.
Analysts point out that Bitcoin's four-year cycle is gradually evolving into a broader, longer-term trend driven by fundamental factors such as global liquidity and sovereign adoption. Currently, tracking data shows that most top traders hold a short-term bearish stance on mainstream cryptocurrencies.
Former Acting Chair of the U.S. CFTC, Caroline Pham, joins MoonPay as Chief Legal Officer.
According to an article by Eleanor Terrett of FOX Business, Caroline Pham, former acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has joined crypto payment company MoonPay as chief legal officer and chief administrative officer.
[EU cryptocurrency tax filing to begin in January; violations could lead to asset confiscation]
According to CoinDesk, the EU's new digital asset tax transparency regulations will officially come into effect on January 1, 2026, marking a significant shift in the way crypto activities are regulated across the EU.
This regulation, known as DAC8, expands the scope of the EU's long-standing tax administration cooperation framework to include crypto assets and related service providers. Under the new rule, crypto asset service providers (including trading platforms and brokers) must collect and report detailed information about users and their transactions to their national tax authorities, and this data will be shared among member state tax authorities.
For crypto users, the enforcement consequences of the new regulations are more severe. Once tax authorities discover tax evasion or avoidance, DAC8 allows local regulators to take action with the assistance of corresponding departments in other EU countries. This cross-border cooperation also includes the power to freeze or confiscate crypto assets related to unpaid taxes, even if the assets or platforms are not located in the user's jurisdiction.
[Wall Street consensus suggests that White House advisor Kevin Hassett will become the Federal Reserve Chairman]
Trump has narrowed down the list of candidates for Federal Reserve Chair to four, and the Wall Street consensus is that White House advisor Kevin Hassett will get the position. During his first term as Chairman of the Council of Economic Advisers under Trump, Hassett did demonstrate a degree of independence. In his 2021 memoir, he recalled that many staff members "wanted me to leave the White House from the beginning." If Hassett were to head the Fed before 2025, almost no one would object. The concern, however, is that it will be Hassett in 2025 who takes office.
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