SEC Chair: Entire U.S. Financial Market Could Move to Blockchain Within Two Years

On December 8, Onchain Lens monitoring data indicates that the Ethena Labs wallet address withdrew another 25 million ENA tokens (valued at roughly $7.05 million) from Bybit 13 minutes ago. Currently, the wallet holds 779.89 million ENA, with an approximate total value of $207.7 million.

December 8: A China Finance Research Report noted that under the baseline scenario, if Kevin Hassett becomes the new Federal Reserve Chair, U.S. Treasury yields and the U.S. dollar could initially decline before rising—with the overall outcome benefiting the U.S. stock market. ### Timeline Breakdown - **Early 2026**: Former President Trump will announce his nomination for the new Fed Chair. - **Hassett’s confirmation path**: He would first need to be nominated as a Fed Governor and confirmed by the Senate, then nominated for the Chair role and undergo a second Senate confirmation. - **May 2026**: Current Chair Jerome Powell’s term expires, allowing the confirmed nominee to officially take office—potentially leading the Fed’s June FOMC meeting. ### Market Impact (per FXStreet) The first quarter of next year is a critical window where the new chair’s nomination will start shaping market expectations. If Hassett leans too dovish during this period, U.S. Treasury yields and t

On December 8th, per HyperInsight’s monitoring, the “1011 Insider Whale” boosted its ETH long position to 54,277 coins (≈$165 million) with 5x leverage, averaging an entry price of $3,048.31. Current unrealized profit stands at $580,000.

On December 8, Binance founder CZ announced via social media that the exchange’s registered users have topped 300 million.

On December 8, ZKsync announced plans to end support for ZKsync Lite (its original ZKsync 1.0) in 2026, per official sources. The layer-2 network was the first ZK-rollup launched on Ethereum. Currently, everything is business as usual—no immediate action is required. ZKsync Lite will continue operating normally, funds remain secure, and withdrawals to Ethereum’s layer 1 (L1) will be supported throughout the deprecation process. ZKsync will release a detailed decommissioning plan over the coming year, and specific details, timelines, and migration guidelines will be published soon.

On December 8, MLM Monitor reported that the "1011 Insider Whale" has once again deposited $30 million into their account and expanded their Ethereum (ETH) long position. As of now, the address holds a total long position of 39,000 ETH (valued at approximately $121.5 million), with an account leverage of roughly 1.9x and an unrealized profit of around $3.4 million.