He Yi: Customer Service Representative He expresses gratitude for everyone's support and remains Binance's Chief Customer Service Officer
On December 4, Binance co-founder and co-CEO He Yi posted on social media: “I still serve as Binance’s Chief Customer Service Officer, ready to assist users at any time. Customer Service Xiahe thanks everyone for their support and will keep working hard.”
Per GMGN market data (link: https://t.me/gmgnaibot?start=i_m4TE56o8), the meme coin “Customer Service Xiahe” on the BNB Chain—possibly driven by the above news—briefly topped $9 million in market capitalization. It is currently trading at $8.47 million, up 128% over the past 24 hours.
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Digest: US News Overnight and This Morning
December 4th: A recap of top U.S. stories from last night and this morning
1. November’s U.S. ADP Employment Change came in at -32,000, missing expectations of 10,000. After the data release, the probability of the Fed cutting interest rates by 25 basis points in December dipped slightly to 88.8%.
2. Sources say Trump aides and allies are discussing a personnel move: If Trump taps Haslett as the next Fed chair, current Treasury Secretary Besent could also serve as White House National Economic Council director concurrently.
3. SEC Chairman Paul Atkins said the Cryptocurrency Market Structure Act is poised to pass.
4. Polymarket has officially re-entered the U.S. market and launched its U.S.-specific app.
5. The Franklin Solana Spot ETF is now listed for trading.
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Coinbase Partners with Major US Banks to Conduct Stablecoin and Cryptocurrency Pilot Project
Dec. 4 (Bloomberg) — Coinbase Global Inc. CEO Brian Armstrong said Wednesday that some of the largest U.S. banks are partnering with the crypto exchange to run pilot projects focused on stablecoins, custody and trading.
“Top banks see this as an opportunity,” Armstrong noted, though he declined to name the specific lenders involved. “Banks that push back against this trend will be left behind.”
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Bitcoin Falls Below $93,000
On December 4th, per HTX market data, Bitcoin has fallen below $93,000 and is currently trading at $92,986, with its 24-hour price change narrowing to 1.85%.
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Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting Operations
On December 4, CoinDesk reported that Connecticut has launched legal action targeting the sports event contract space, issuing cease-and-desist orders Wednesday to three major prediction market operators—Robinhood, Kalshi, and Crypto.com. The state’s Department of Consumer Protection accuses the firms of engaging in unlicensed sports betting.
Per the state government’s notice, the companies are “hereby ordered to immediately cease and desist from advertising, offering, promoting, or otherwise providing contracts or other forms of unlicensed online gambling to Connecticut residents.”
Robinhood responded Wednesday, arguing the company is overseen by the U.S. federal government.
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Crypto.com has partnered with sports merchandise giant Fanatics to launch the prediction market Fanatics Markets
On December 4, The Block reported that global sports apparel giant Fanatics announced Wednesday it will launch a fan-driven prediction market platform—Fanatics Markets—via a strategic partnership with Crypto.com. Modeled after industry leaders Polymarket and Kalshi, the platform will let users trade contracts tied to real-world event outcomes.
Fanatics Markets will roll out in two phases:
- **Phase 1** goes live today, offering event contracts across sports, finance, economics, and other categories.
- **Phase 2** launches early next year, expanding to include contracts covering cryptocurrency, stocks/IPOs, climate, pop culture, tech/AI, movies, and music.
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