U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

**December 10 Update: 10x Research Flags Potential Altcoin Leadership Shift** 10x Research shared on social media Tuesday (Dec 10) that Bitcoin’s dominance is declining while fresh liquidity is reentering the market—a turning point that typically signals altcoins may take the lead. Following nearly three months of the model favoring BTC, the latest signal points to a potential shift in market momentum. Ongoing stablecoin inflows are quietly rebuilding the risk-on capital base, though trading volume remains below cycle peaks. Some token rebounds are led by spot trading (not leverage), making this rotation healthier than prior false starts. Meanwhile, platforms with active perpetual futures trading still lag—suggesting overleveraged positions are being unwound in those areas. If this shift holds, top performers likely won’t be the most hyped assets. Instead, they’ll be those that’ve been accumulating quietly under the radar.

Binance has signed a Memorandum of Understanding (MoU) with JazzCash—Pakistan’s leading digital financial services platform and a VEON Group member—in Abu Dhabi, per a Dec. 10 Business Insider report. The pair will explore collaboration to advance responsible virtual asset development in the region. The MoU sets a preliminary framework for discussions. Binance and JazzCash plan to jointly explore cooperation in education, outreach, and virtual asset solution development, all aligned with regulatory requirements and market demands.

On Monday, December 10, the American Federation of Teachers (AFT) submitted a petition to the U.S. Senate calling for the withdrawal of cryptocurrency market structure legislation, warning the proposal would pose "serious risks" to pensions and the broader U.S. economy. First obtained by CNBC, the letter notes the Responsible Financial Innovation Act lacks an adequate regulatory framework to address inherent risks in crypto assets and stablecoins. AFT President Randi Weingarten wrote: "This bill not only fails to deliver much-needed regulatory guardrails and common-sense protections—it would expose working families (who currently have no crypto exposure) to economic risk and threaten their retirement security." The 1.8 million-member union emphasized its core mission is to maintain a sound, reliable pension system for retirees. Its opposition stems from concern the bill could clear the way for digital assets to enter retirement portfolios—including AFT’s own pensions. Weing

Update: Dec. 10 — Onchain Lens monitoring confirms SpaceX transferred 1,021 BTC (valued at ~$94.48 million) to a new wallet address 35 minutes ago.

On December 10, per LookOnChain monitoring, whale address 0x76AB switched to leveraged long positions on ETH after selling its spot ETH holdings. Key operations: - Sold 1,654 ETH, netting 5.49 million USDC; - Deposited the proceeds into the Hyperliquid platform; - Opened a 7x leveraged long position equivalent to 11,543 ETH (valued at ~$38.4 million). The liquidation price for this leveraged position is $2,907.6.

Binance Alpha will list RaveDAO ($RAVE) on December 12. After trading goes live, eligible users can claim the airdrop using their Binance Alpha Points on the Alpha event page.