The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

As of December 13, Coinglass data indicates total liquidations across the entire network hit $311 million in the past 24 hours—including $265 million in long positions and $45.5184 million in short positions. Globally, 101,384 traders were liquidated over the same period, with the largest single liquidation being a $5.6806 million ETH-USD position on Hyperliquid.

On December 13, Bitcoin briefly fell below $90,000, per HTX market data, posting a 2.17% 24-hour decline.

**Next Week’s U.S. Economic & Market Focus (Dec 18-22)** After this week’s Fed signal (more dovish than expected) and lingering AI sector challenges drove mixed U.S. stock/bond trends—with 10-year Treasury yields rising ~5bps over “Fed cut week”—here’s what to watch next week: ### Key Events (EST) | Day | Time | Event Details | |-----------|--------|--------------------------------------------------------------------------------| | Monday | 22:30 | Fed Governor Milan delivers a speech | | Monday | 23:30 | FOMC Permanent Voter & NY Fed President John Williams speaks on economic outlook | | Thursday | 01:30 | 2027 FOMC Voter & Atlanta Fed President Raphael Bostic speaks on economic outlook | | Thursday | 21:30 | U.S. Nov CPI: Non-seasonally adjusted YoY/core YoY; Seasonally adjusted MoM/core MoM | | Thursday | 21:30 | U.S. Initial Jobless Claims (week endi

**December 13** – President Trump said Friday Kevin Warsh has emerged as the top candidate for the next Federal Reserve chair, though other contenders remain in the mix, according to *The Wall Street Journal*. Warsh, a former Fed governor who was not previously the front-runner, gained additional favor after meeting Trump on Wednesday. When asked Friday afternoon if Warsh topped his list, Trump told reporters, "Yes, I do, I do." On Kevin Hassett—director of the National Economic Council and a market-preferred contender—Trump noted, "I think both Kevins are great," adding several other candidates are also outstanding. Hassett had been the front-runner; he has been cautious when asked about the role, saying he would accept if invited. Massachusetts Democratic Sen. Elizabeth Warren voiced concern Thursday on CNBC that Trump might appoint a "puppet" Fed chair to carry out his wishes. Trump also repeated his past stance that the Fed chair should consult the president on inter

December 13 — Negotiations on the U.S. Senate’s cryptocurrency “Market Structure Bill” could be delayed until January 2024 due to several unresolved key disputes, informed sources revealed Wednesday. The bill is currently the crypto industry’s top lobbying priority, but with the holiday season approaching, multi-party talks between Democrats, Republicans, the White House and crypto stakeholders have yet to yield a consensus. Outstanding core issues include: ethical standards for government officials regarding digital assets (notably those involving former President Donald Trump), whether stablecoins can be tied to yields, the U.S. Securities and Exchange Commission’s (SEC) regulatory authority over tokens, and the oversight boundaries for Decentralized Finance (DeFi). Despite these divides, Senate negotiations are still moving at a brisk pace with high intensity, and crypto lobbyists remain optimistic the bill will advance to formal committee consideration in the coming weeks.

As of December 13, Ethereum registered a cumulative net outflow of 69,300 ETH from centralized exchanges (CEXs) over the past 24 hours. Top three CEXs by Ethereum outflow: - Coinbase Pro: 72,900 ETH (outflow) - Gate: 265.93 ETH (outflow) - Gemini: 25.75 ETH (outflow) Additionally, Bybit led the inflow list with 2,031.03 ETH flowing into the exchange.