ETH breaks through the $3400 mark

[Confirmation Process Advances for Trump-Nominated CFTC and FDIC Chair Candidates] The U.S. Senate is advancing confirmation votes for two financial regulatory officials nominated by President Trump. Mike Selig has been nominated as Chairman of the Commodity Futures Trading Commission (CFTC), and Travis Hill has been nominated as Chairman of the Federal Deposit Insurance Corporation (FDIC). If appointed, Selig will become the sole commissioner of the CFTC and lead cryptocurrency regulatory legislation and enforcement; Hill advocates for lifting restrictions imposed by the previous administration on banks engaging in cryptocurrency activities and focuses on the issue of 'de-banking.'

[Fanatics Launches Prediction Market Platform, Initially Available in 10 States] Sports merchandise giant Fanatics has launched a prediction market app, Fanatics Markets, initially available in 10 states, with plans to expand to 24 states in phases over the next week. The platform allows users to trade on outcomes of events such as sports scores, political decisions, and economic developments. Fanatics has partnered with Crypto.com to provide compliant trading infrastructure and has obtained CFTC regulation and NFA membership through its previous acquisition of Paragon Global Markets. The company plans to expand its trading categories by 2026 to include cryptocurrency prices, IPOs, technological advancements, and movie outcomes, aiming to compete with Polymarket and Kalshi. The app is now available on iOS and Android platforms.

[Connecticut Orders Kalshi, Robinhood, and ((Crypto.com)) to Cease Sports Betting Operations] The Connecticut Department of Consumer Protection issued an injunction on Wednesday against Kalshi, Robinhood, and ((Crypto.com)), accusing the three companies of engaging in unauthorized online gambling activities through sports event contracts. The state government has demanded an immediate halt to these operations, citing the lack of a state gambling license and alleging that the contract content violates multiple state laws. Although the platforms involved claim to be regulated by the federal Commodity Futures Trading Commission (CFTC), the state has warned that violators will face civil or criminal penalties.

1. BlackRock deposits 44140 ETH worth $135.36 million in Coinbase 2. Wall Street attempts to prevent Trump from appointing Hassett as Federal Reserve Chairman 3. Spot gold breaks through $4230/ounce, up 0.6% for the day 4. BlackRock CEO Admits Mistakenly Opposing Bitcoin and Cryptocurrency 5. SEC Chairman Calls for Continued Promotion of Token Development 6. The market is betting that the possibility of the Federal Reserve cutting interest rates in December is close to being confirmed 7. Ethereum mainnet completes Fusaka upgrade to enhance scalability and security 8. Jiaxin Wealth Management plans to provide BTC and ETH trading services in early 2026 The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/504405

Monitoring shows that Machi's floating profits on ETH (25 times leverage) and HYPE (10 times leverage) have exceeded $2 million, while also opening a 10 times leverage long position in ZEC. Machi currently requires approximately $18.48 million to achieve breakeven. （Onchain Lens）