24H Hot Tokens and Key News｜SEC Commissioner Atkins Says Most ICOs Are Not Securities, Outside SEC Jurisdiction; U.S. OCC Confirms Banks' Right to Engage in Non-Principal Risk Crypto Asset Trading (December 10)

1. CEX Hot Tokens

Top 10 CEX Trading Volume and 24h Price Change:

• BTC: +2.49%
• ETH: +6.11%
• SOL: +3.95%
• XRP: +1.34%
• BNB: -0.37%
• DOGE: +4.08%
• ADA: +8.41%
• ZEC: +8.08%
• SUI: +3.61%
• LINK: +4.55%

24h Top Gainers (Data Source: OKX):

• NIGHT: +303.74%
• WET: +276.80%
• OL: +16.42%
• ZEN: +16.69%
• G: +13.16%
• SD: +13.85%
• WIF: +12.52%
• DEGEN: +11.72%
• PENGU: +10.31%
• MAGIC: +10.20%

24h Top Gainers - Tokenized Stocks (Data Source: msx.com):

• MIGI: 25%
• SATS: 18.29%
• GLXY: 15.72%
• BMNR: 14.62%
• VVPR: 13.6%
• SUIG: 11.73%
• SMLR: 11.14%
• RKLB: 10.94%
• BNC: 10.62%
• GAME: 10.29%

2. Top 5 On-Chain Meme Coins (Data Source: GMGN):

• Zaios
• RNUT
• Rocky
• NB
• NETFLIX

Headlines

SEC Chairman Atkins: Crypto Regulatory Priorities to Accelerate Next Year

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated at the Blockchain Association policy summit that the SEC will take faster action on multiple crypto-related agendas next year, saying "you haven't seen anything yet," and indicating that the regulatory "seeds" planted this year will begin to "sprout and bear fruit" next year.

Atkins recently proposed a "token taxonomy" framework to clarify which crypto assets are securities and launched "Project Crypto" to update the SEC's regulatory rules in the digital asset space. He is also pushing for an "innovation exemption" to provide conditional, time-limited regulatory relief for crypto and fintech projects to reduce compliance costs and foster experimentation. He revealed that this exemption rule could be introduced as early as the end of January next year.

SEC Chairman Atkins: Most Types of ICOs Are Not Securities, Will Not Fall Under SEC Jurisdiction

SEC Chairman Paul Atkins stated at the Blockchain Association's annual policy summit that many types of ICOs should be considered "non-securities transactions" and therefore not subject to SEC regulation. He emphasized that network tokens, digital collectibles, and digital utility tokens themselves do not constitute securities, and ICOs related to these categories should similarly not fall under SEC jurisdiction.

In the token taxonomy framework proposed last month, Atkins categorized crypto tokens into four major types, with only "security tokens" falling under SEC oversight; the other three categories should be handled by the CFTC, which has more lenient regulation. He stated: "Three categories belong to the CFTC's domain, and we will focus on security tokens."

U.S. OCC Confirms Banks Permitted to Engage in Riskless Principal Crypto Asset Trading

The U.S. Office of the Comptroller of the Currency (OCC) today issued Interpretive Letter 1188, confirming that national banks can engage in permissible banking activities related to riskless principal crypto asset trading. This type of trading involves a bank acting as principal in a crypto asset transaction with one customer while simultaneously entering into an offsetting transaction with another customer. The bank acts as an intermediary, does not hold an inventory of crypto assets, and operates similarly to a broker acting as an agent. As with any activity, national banks must conduct these activities in a safe and sound manner and in compliance with applicable laws.

Industry News

Average Cost Basis of U.S. Spot Bitcoin ETFs Nears $83,000

Analyst Chris Beamish posted that the average cost basis for U.S. spot Bitcoin ETFs is currently close to $83,000, with BlackRock and Fidelity's cost bases slightly below this level. It remains to be seen whether these cost levels can be maintained.

Circle Partners with Aleo to Launch USDCx Stablecoin with "Bank-Grade Privacy"

Circle co-founder and CEO Jeremy Allaire announced that Circle has partnered with blockchain Aleo to launch a "privacy" version of its stablecoin, named USDCx. Aleo co-founder Howard Wu stated that USDCx will hide transaction history to address concerns from large institutional clients (such as banks) who do not want their balances and payment history to be public.

The new token USDCx is not fully private; each transaction will include a "compliance record" that Circle can access if law enforcement or other agencies inquire about a specific transaction. However, for public users viewing the blockchain ledger, these transactions will appear as indecipherable "data blocks." Wu described it as "bank-grade privacy, not pure privacy."

Project News

Stripe and Paradigm Open Tempo Blockchain to Public, Add Kalshi and UBS as Partners

Stripe Inc. and crypto venture firm Paradigm have launched the public testnet for their collaborative blockchain project, Tempo, opening the network to all companies interested in building real-world stablecoin payment applications.

Aave Proposes Deployment on MegaETH, Supporting cUSD and Other Tokens

Aave Labs has initiated an ARFC proposal on the governance forum, proposing the deployment of Aave V3 on the MegaETH chain. It would support bridged tokens like btc.b, ETH, USDM, USDT0, cUSD, iTRY, wstETH, ezETH, rsETH, USDe, sUSDe, stcUSD, as well as native tokens like MEGA, USDM-Y, and RBT.

TRUMP Meme Coin Team Teases Mobile Game Launch, Designed for Trump Supporters

The TRUMP Meme token team announced it will launch a mobile game designed for Trump supporters, with a teaser page now live and a waitlist open. The project team stated the game will feature reward mechanisms related to the TRUMP token, and participating users may receive rewards worth approximately $1 million.

Coinbase Reminds Users to Complete STG to ZRO Migration Themselves

Coinbase Markets issued a reminder that Stargate Finance (STG) has completed its migration to LayerZero (ZRO), and Coinbase will not perform the asset conversion on behalf of clients. The platform stated that if users wish to convert their held STG to ZRO, they must do so themselves via a compatible self-custody wallet. No deadline has been set for the conversion at this time.

Ethena Launches HyENA, a Perpetual Futures DEX with USDe as Margin

Ethena officially announced that HyENA, a perpetual futures decentralized exchange built by the Based team using Hyperliquid's HIP-3 standard with USDe as margin, is now live.

Funding

Octra Labs Announces $20 Million Public Token Sale at $200 Million Valuation

Octra Labs, the association behind the privacy public chain project Octra, announced it will launch a public token sale on December 18th on Sonar (an ICO platform founded by Echo and recently acquired by Coinbase). The sale aims to raise $20 million, corresponding to a fully diluted valuation (FDV) of $200 million, with 10% of the token supply locked. The token sale will use a fixed-price subscription model, where all participants receive tokens proportionally based on their contribution amount, and any unsold portion will be burned.

Octra Labs indicated that if subscription demand is strong, the allocation ratio may be increased. Tokens will be fully unlocked and distributed shortly after the sale concludes, following a model similar to Ethereum's 2014 ICO.

Voices

Cathie Wood: Bitcoin's Four-Year Cycle Will Be Broken, We May Have Already Seen the Bottom

ARK Invest founder Cathie Wood stated that Bitcoin's four-year cycle will be broken, and we may have already seen the bottom of this cycle.

SlowMist Founder Yu Xian: Zcash's Privacy Model More Acceptable to Regulators, Monero Remains More "Hardcore" in Strong Privacy

SlowMist founder Yu Xian posted that while recent views suggest "a large proportion of Zcash transactions are traceable," this is not new. Zcash's privacy model has employed an "optional privacy" design since its inception: z-addresses offer strong privacy, while t-addresses are transparent and traceable.

Hassett: Fed Has Ample Room to Cut Rates Significantly

Kevin Hassett, a leading candidate for the next Federal Reserve Chair and Director of the White House National Economic Council, said on Tuesday that he believes the Fed has "ample room" to cut interest rates significantly. When asked if he would push for the "big cuts" desired by Trump if appointed, he responded: "If the data show we can do it—like now—I think there's plenty of room to do it." When pressed further on whether this meant cuts exceeding 25 basis points, he clearly answered: "Yes."