Polymarket Launches US App

On December 4, KobeissiLetter published a market analysis noting that cryptocurrency ETFs are making a comeback. Last week, crypto funds recorded a $1.1 billion inflow—hitting a 7-week high and reversing a prior trend of four straight weeks of outflows totaling $4.7 billion. U.S. crypto ETFs led with $994 million in inflows, followed by Canada ($98 million) and Switzerland ($24 million), while Germany posted a $57 million outflow. Bitcoin topped inflows with $461 million in net inflows, and ETH followed with $308 million in net inflows. Meanwhile, investors pulled $1.9 billion from Bitcoin short ETPs. Cryptocurrencies are regaining upward momentum.

**December 4th** Wall Street and U.S. corporate insiders are making a last-ditch push to warn President Trump against tapping Kevin Hassett as Federal Reserve chair, Fox Business reporter Charles Gasparino reported. Their core concern: Hassett’s past role leading the U.S. National Economic Council (a political post) and track record mean he lacks credibility with Fed staff and markets — a critical issue as the central bank prioritizes independence. Appointing him would send long-term interest rates higher and throw the Fed into turmoil, they argue. If Hassett casts a dissenting vote to cut short-term rates amid persistent inflationary pressures (a move Trump wants), it would be viewed as political interference and could stoke inflation. Mortgage and consumer loan rates are tied to 10-year Treasury yields; a spike in those yields over inflation fears could spark an economic slowdown ahead of the midterm elections. Trump could brush off those concerns and act unilaterally. Oth

On-chain analyst Ai Auntie (@ai_9684xtpa) reported on December 3 that a whale has been lowering its ETH cost basis. The whale initially opened a position of 736 ETH (valued at ~$2.96 million) at an average price of $4,026 on September 25. To reduce its average entry cost, it purchased an additional 2,732 ETH between December 2 and 3 at ~$2,988 each, investing an extra ~$8.16 million. In total, the whale has committed ~$11.128 million to acquire 3,468 ETH, with an average cost of $3,208.80 per token. It currently holds an unrealized loss of ~$420,000.

Binance Co-CEO He Yi addressed the exchange’s plans in the meme coin space during an interview on December 3rd. She noted she doesn’t want users focusing on her Twitter to launch new meme coins, as it puts “a ton of pressure” on her: random memes can turn into tokens, with everyone happy during pumps but backlash when they dump. This sometimes crimps her ability to speak freely. “At the end of the day,” she said, “no one cares who launched the meme—whether it’s named after me, a dog, or a pig. All they want is an emotionally charged tradable asset.” From Binance’s side, the team wants every listed token to rise (ideally forever) but acknowledges that’s unrealistic. Binance works with project teams to ask for lower Token Generation Event (TGE) pricing or extra tokens for user airdrops. Some teams have called Binance “greedy” for these requests, sparking rumors of “exorbitant listing fees.” He Yi added some memes have almost no fundamentals (she thinks they’ll crash eventually)

December 3rd — Per a Fortune report, stablecoin remittance firm Fin has closed a $17 million funding round. The round was led by Pantera Capital, with Sequoia and Samsung Next also participating. Fin has not disclosed the round’s valuation.

On December 3, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced on live television that the **Cryptocurrency Market Structure Act** is poised to pass. If enacted, the legislation will finally deliver much-needed regulatory clarity to the cryptocurrency sector. ### Notes on American English/News Style Adjustments: 1. **Preposition for dates**: Added *On* before the date (standard in U.S. news). 2. **Formal terminology**: Replaced *about to be passed* with *poised to pass* (more precise for pending legislation) and *passed* with *enacted* (legal term for when a bill becomes law). 3. **Avoid repetition**: Used *legislation* to refer to the act (common in U.S. news to reduce redundancy). 4. **Sector vs. Industry**: *Cryptocurrency sector* is more frequently used in U.S. financial/regulatory coverage (narrower, more targeted than "industry"). 5. **Clarity**: Removed unnecessary quotation marks for the bill name (standard in U.S. news to format bi