Digest: US News Overnight and This Morning

On December 4th, per monitoring from **HyperInsight** (https://t.me/HyperInsight), the crypto market has recently warmed up, with some bullish whales turning losses into gains or expanding profits. The "Suspected XPL Insider Trading" whale opened long positions today after over 10 days of inactivity. Key details follow: ### "Buddy" Huang Licheng In the past 2 hours, Huang partially closed long positions in ETH, ZEC, and HYPE. After rolling over positions repeatedly in recent days, he reopened long positions again. - Current main positions: - ETH long: $29.46M (unrealized profit: $2.03M | +171%) - HYPE long: $3.41M (unrealized profit: $0.14M | +43%) ### "CZ Contrarian" His ETH long position has flipped from loss to gain (unrealized profit: $0.46M)—two days ago, it was $21M in the red. - ETH: ~$168M position size | avg entry $3,201 - XRP long: $85.38M position size | avg entry $2.29 | unrealized loss: $3.63M (-42%) - *Largest ETH and XRP long holder on Hyperliqu

On December 4, per a Cointelegraph report, the U.S. Securities and Exchange Commission (SEC) has issued warning letters to several exchange-traded fund (ETF) issuers, halting approval of ETF applications with leverage exceeding 200%. The letters, addressed to Direxion, ProShares, and Tidal, cite relevant provisions of the 1940 Investment Company Act. That legislation caps a fund’s risk exposure at no more than 200% of the value-at-risk (VaR) of its “reference portfolio” — which consists of unleveraged underlying assets or benchmark indices.

December 4: Per LookOnChain monitoring, as the market rebounds, a whale has once again deposited 5,000 ETH (roughly $15.52 million) to Binance. The address still holds an additional 5,000 ETH.

On December 4, Binance founder CZ took to social media to announce: “Welcome to predict.fun, a new prediction market built on the BNB Chain. When users place predictions, their funds won’t sit idle—they’ll generate yield.” The founder of predict.fun worked at Binance a few years ago, and the project is incubated and invested in by YZi Labs.

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.

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.”