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CNBC: Hassett's Appointment as Fed Chair Was Subject to Interference by Trump Ally Aide

2 hours ago

**December 15** Per CNBC, citing sources familiar with the situation, Kevin Hassett—a former market favorite for Fed chair—has recently been questioned by senior officials with direct sway over former President Trump’s decisions. The irony: Once viewed as the top pick to replace current Chair Powell because of his tight ties to Trump, Hassett now faces pushback for being “too cozy with the president.” That pressure may explain why candidate interviews were initially canceled in early December, then rescheduled (interviews for at least Kevin Warsh wrapped last week). Trump had earlier told reporters he’d picked a Fed chair, but in a Friday *Wall Street Journal* interview, he named former Fed governor Kevin Warsh as a finalist alongside Hassett— a surprise to markets. Kalshi’s prediction market saw Hassett’s election odds plummet. “Both Kevins are excellent,” Trump said. As of Monday, Hassett still leads on Kalshi at 51% probability— but that’s a steep drop from his early-month high of over 80%. Warsh’s odds, meanwhile, have jumped from ~11% in early December to 44%. Current pushback is more about boosting Warsh than bashing Hassett. JPMorgan CEO Jamie Dimon praised both at a Thursday event, but some remarks left attendees thinking he leans more toward Warsh, a former Fed governor.
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The SEC Cryptocurrency Task Force's roundtable discussion on Financial Surveillance and Privacy has begun

On December 16, the SEC officially announced that a roundtable discussion on financial monitoring and privacy — hosted by its cryptocurrency working group — took place today at 1:00 p.m. Eastern Time (2:00 a.m. Beijing Time).

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「BTC OG Insider Whale」's overall unrealized loss has expanded to $52 million, while ETH long positions are down 38%.

As of December 16, per Hyperinsight monitoring, Bitcoin has dropped to $85,618 and Ethereum to $2,936. The “BTC OG Insider Whale” is now facing an overall loss of over $52 million, with its positions detailed below: - ETH Long (5x leverage): 190,935 ETH, worth ~$561 million; loss of $43.04 million (-38.3%) - BTC Long (5x leverage): 1,000 BTC, valued at $85.64 million; loss of $5.86 million (-34.25%) - SOL Long (20x leverage): 250,000 SOL, worth $31.2 million; loss of $3.17 million (-203%)

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If Bitcoin drops below $84,000, the mainstream CEX's aggregated long liquidation volume will reach $531 million

Dec. 16 (BlockBeats) — Per Coinglass data, Bitcoin’s cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $531 million if the token drops below $84,000. Conversely, cumulative short liquidation intensity will reach $559 million if Bitcoin climbs above $87,500. Note: Coinglass’ liquidation chart does not show the exact number or value of contracts at risk of liquidation. Instead, its bars reflect the relative importance of each liquidation cluster compared to neighboring clusters (i.e., "intensity"). A taller bar indicates a more severe liquidity cascade reaction when the underlying asset’s price hits that level.

23 minutes ago

Bitcoin Drops Below $86,000

On December 16, per HTX market data, Bitcoin has fallen below $86,000 and is currently trading at $85,909.

23 minutes ago

Circle has announced the acquisition of the initial development team of Axelar, Interop Labs, along with its intellectual property, to accelerate its cross-chain interoperability strategy.

On December 16, Circle—issuer of the USDC stablecoin—announced it has signed an agreement to acquire the Interop Labs team and its proprietary intellectual property (IP). The acquisition is expected to close in early 2026. Circle aims to advance interoperability in the blockchain space, aligning with its vision of an open, interconnected, and scalable chain-based economy. Interop Labs has been a key contributor to Axelar, a leading cross-chain communication and token transfer framework, collaborating with the open-source community to drive Axelar’s core development. Integrating Interop Labs’ talent and technology into Circle will accelerate two core initiatives: - **Arc**: Circle’s enterprise-focused layer designed to become an economic operating system for the blockchain internet; - Cross-chain transfer protocols. Notably, the transaction only covers Interop Labs’ team and proprietary IP. The Axelar network, foundation, and AXL token will continue operating independently

23 minutes ago

In the past 4 hours, there has been a total of $330 million in liquidations across the network, with the majority coming from long positions.

On December 16th, per Coinglass data, total cryptocurrency network liquidations hit $330 million over the past four hours—with $307 million in long positions and $23.2 million in short positions liquidated. Notably, when Bitcoin (BTC) fell to $86,025.37, a $11.5819 million long position was liquidated on Binance, marking the largest single liquidation in the past 24 hours.

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