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

CoinList announced on December 10 that its Rainbow (RNBW) token sale will launch on December 11 at 17:00 UTC. Key details: - Fully Diluted Valuation (FDV): $100 million (33% discount off the prior round) - Sale represents 3% of total token supply - Token price: $0.1 - All tokens unlock at Token Generation Event (TGE) - Minimum purchase: $100

On December 10, cryptocurrency journalist Eleanor Terrett reported that U.S. bipartisan senators held another meeting today on the "Crypto Market Structure Act" (commonly referred to as the CLARITY Act). Following the session, Senator Mark Warner stated that finalizing the bill’s assessment before the Christmas holiday is “very challenging.” It now appears the U.S. Senate Banking Committee will likely hold off on considering the legislation until the new year.

On December 10th, LookOnChain monitoring data shows that whale address 0xFB3B withdrew 13.44 million ASTER from Binance 8 hours ago, worth roughly $13.04 million. Prior to this move, the same whale had pulled 64.53 million ASTER from Gate when the token’s price was near its $2.07 peak (valued at ~$134 million then). It later deposited those ASTER into Binance at $1.54 apiece—where the holding was worth ~$99.14 million—resulting in an approximate $34.5 million loss.

On December 10, Hyperliquid co-founder Jeff published a post pushing back against claims that the platform’s Auto-Deleveraging (ADL) mechanism transfers profit and loss (P&L) to Hyperliquidity Providers (HLP). Jeff stated ADL does not shift P&L to HLP, treats users and HLP entirely symmetrically, and does not erase the $653 million in profits. On November 28, Hyperliquid activated its Cross-Margin Auto-Deleveraging (ADL) liquidation system across all major perpetual contract markets. The move aims to ensure orderly market operation during periods of extreme volatility—especially when liquidity is tight or large positions are near liquidation. ADL acts as a backup liquidation tool when the insurance fund cannot fully absorb losses from a liquidated position. In such cases, positions of high-leverage traders with large unrealized profits may be partially or fully deleveraged to cover the funding gap. Hyperliquid stresses ADL only triggers under special circumstances, designed to preve

On December 10, Bitwise announced that its Bitwise 10 Crypto Index ETF (BITW) officially launched trading today on the NYSE Arca platform. BITW’s portfolio comprises 10 major crypto assets, weighted by market capitalization and rebalanced monthly.