On December 4, local time, John Duarte, a Republican congressman from California's 13th district, admitted defeat in the election for the last seat in the House of Representatives. The U.S. House of Representatives election is now completely over, with the Republicans eventually winning 220 seats in the House of Representatives and the Democrats winning 215 seats.

Ken Griffin, CEO of U.S. hedge fund Citadel, said he regretted not buying cryptocurrencies a few years ago.

Meitu sold about 31,000 Ethereum and 940 Bitcoin. The company said it would use about 80% of the proceeds from the cryptocurrency sales to pay a special dividend.

Coinbase has added Gigachad (GIGA) and Turbo (TURBO) to its roadmap.

Fed's Musallem said the time to slow or pause rate cuts may be coming. Additional policy easing may be needed over time. It is important to keep monetary policy options open amid uncertainty. Inflation is expected to converge toward 2% over the next two years. Recent data show an increased risk of stagnant inflation. The risk of easing too much, too fast is greater than easing too little. The Fed's policy rate is currently well above neutral.

Russian President Vladimir Putin said Bitcoin and digital assets will continue to develop.

Binance Futures will launch perpetual contracts with a maximum leverage of 75x at the following times:

So far this year, Binance, the world’s largest digital asset exchange by registered users and trading volume, has seen nearly 40% more user inflows than the next 10 cryptocurrency exchanges combined. According to the data platform, Binance will see $21.6 billion in inflows through 2024, while the next 10 exchanges will see $15.9 billion (36% more).

The current market value of BNB is approximately US$113.28 billion, surpassing SOL (US$112.52 billion) and ranking fifth in the cryptocurrency market value rankings.

Alexandra Elbakyan posted a message on Twitter about "testing the impact of tweets on the price of Sci-Hub Meme Token ($scihub)" and provided a donation address based on the Solana network.

In the past week, many of Mankiw's friends have been discussing one thing: the Shanghai High Court published an article titled "Issuing Virtual Currency for High-Amount Financing, What is the End?" In the article, the author clearly stated that it is not illegal for individuals to hold virtual currency. As soon as this article came out, the domestic currency circle seemed to be "celebrating the Chinese New Year". Various self-media outlets wrote articles to promote this good news, as if the publication of this article represented that my country had begun to relax restrictions on virtual assets. Here, Mankiw had to "pour two basins of cold water" on everyone, slightly reducing everyone's enthusiasm for virtual asset investment and awakening everyone's rationality.