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David Sacks: The baseless accusations from The New York Times lack evidence, and we have retained a defamation law specialist to handle this matter.

46 minutes ago

On December 1, White House Crypto and AI Czar David Sacks publicly pushed back against *The New York Times*’ investigation into his conduct as the administration’s lead on AI and cryptocurrency, dismissing the months-long effort as chasing baseless allegations. Sacks issued a social media statement claiming *The Times* assigned five reporters this summer to probe conflicts of interest between his government role and tech industry background. “Through so-called ‘fact checks,’ they landed on accusations we thoroughly refuted,” he wrote. “Anyone reading this piece closely will see they’ve cobbled together anecdotes that don’t back the headline—exactly their intent.” The contentious November 30 *Times* article—headlined “The Silicon Valley Man in the White House: Profiting for Himself and Pals”—alleged Sacks leveraged his dual roles as White House AI/crypto lead and prominent tech investor to push policies benefiting AI and crypto assets, to the advantage of himself and his extensive Silicon Valley network.
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Hats.finance has announced the gradual termination of its custody service, as the market has not grown as expected and its share has been eroded by AI security tools.

**December 1 — Hats.finance announced it is phasing out its custodial operations, per official sources.** The protocol said following a review, sustaining its centralized user interface (UI) and server operations is no longer viable. There is no new legal or operational framework in place to support its existing custodial tech stack moving forward. Since 2021, Hats.finance has stood by the principle that “a decentralized market should have decentralized security safeguards.” That vision has not aligned with reality, however. Its smart contract security budget failed to grow in line with the expansion of the DeFi ecosystem as anticipated. Meanwhile, the rapid rise of AI security tools and growing maturity of secure, reusable smart contract building blocks have cut market demand for protocols like Hats, leaving the HATS token without long-term sustainable value backing. **Key next steps:** - Hats’ custodial front-end (UI) and back-end (server) will go offline by December 31, 2

13 minutes ago

Greeks.Live: $83,000 as Bitcoin's Next Key Support Level

On December 1st, Adam—a researcher at Greeks.Live—posted on social media that the English-speaking crypto community faced a bearish shock: the market plummeted sharply during Sunday night’s monthly close, leaving call option buyers in the red and sparking concerns over further downside. Traders flagged $83,000 as the next key support level, noting no significant buy orders lie above it. While some remain cautiously optimistic Bitcoin (BTC) will notch a new all-time high again, the timing remains uncertain.

13 minutes ago

US Crypto Stocks Experience General Decline, MSTR Drops by 6.15%, BMNR Drops by 7.91%

On December 1, market data shows the three major U.S. stock indexes opened lower, while cryptocurrency-related stocks posted a broad decline. Key decliners include: - Coinbase (COIN): -3.09% - Circle (CRCL): -1.01% - MicroStrategy (MSTR): -6.15% - Bullish (BLSH): -6.67% - Bitmine (BMNR): -7.91% - SharpLink Gaming (SBET): -8.19% - BTCS (BTCS): -4.09% - BNB Network Company (BNC): -5.69% - ALT5 Sigma (ALTS): -6.68% - American Bitcoin (ABTC): -8.49%

13 minutes ago

Circle Issues an Additional 1 Billion USDC on the Ethereum Network

Whale Alert: USDC Treasury mints 100M USDC on Ethereum at 22:46 Beijing Time, Dec 1. ### 说明: 1. **语言习惯适配**: - 用 `Whale Alert: ...` 替代冗长的 `according to Whale Alert monitoring`,符合美国快讯“直接引述监测方+核心信息”的简洁风格; - 数字用 `100M`(而非 `100 million`),是美国金融/加密领域的常见缩写; - 日期简化为 `Dec 1`(无需加 `st`,美式快讯常用缩写)。 2. **信息完整保留**: 覆盖所有核心要点:时间(12月1日、北京时间22:46)、监测方(Whale Alert)、行为(USDC财政部铸造)、金额(1亿USDC)、网络(以太坊)。 3. **表述自然度**: 动词用 `mints`(一般现在时表即时快讯,符合美式新闻时态习惯),结构清晰无冗余。

13 minutes ago

Sushi CEO Announces Resignation to Become Advisor, Solidity.io Founder Alex McCurry to Take Over as CEO

**Sushi CEO Jared Grey Steps Down to Advisory Role; Alex McCurry Joins as Director General** On December 1, Sushi CEO Jared Grey announced in a social media post that he will step down from his leadership roles—CEO and Director General of Sushi Labs—and transition to an advisory position. Grey also noted that Sushi has secured significant strategic investment from Solidity.io founder Alex McCurry to support its long-term development and operations. Concurrently, Alex has joined Sushi as Director General and will lead the protocol into its next chapter. Alex is described as "ambitious" in this endeavor, with exciting plans mapped out for Sushi’s roadmap.

13 minutes ago

Bitnomial is set to launch the first CFTC-regulated spot cryptocurrency exchange.

As of December 1, Crypto In America reports that Bitnomial is poised to become the first U.S. derivatives exchange to offer spot cryptocurrency trading. The exchange submitted self-certification documents last month under U.S. Commodity Futures Trading Commission (CFTC) Regulation 40.6(a) — a rule that allows Designated Contract Markets (DCMs) to roll out new rules once they demonstrate compliance with the Commodity Exchange Act (CEA) requirements. Bitnomial’s self-certified rules cover the listing of spot products, including retail leveraged spot trading under CEA Section 2(c)(2)(D), enabling customers to trade and finance digital assets directly on the platform. Per documents filed on November 13, the relevant rules officially took effect last Friday, meaning spot trading could launch in the coming days.

13 minutes ago