Odaily Planet Daily News: Kevin Hassett, the Director of the White House National Economic Council and a leading candidate to become the next Federal Reserve Chair, reiterated on Friday his expectation that Fed policymakers will cut interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again," he said on Fox Business Channel. He predicted that as the economy recovers from the recent federal government shutdown and new factories come online, there will be an economic boom in early 2026. Hassett also publicly supported Treasury Secretary Besant's proposal to add a residency requirement for regional Fed presidents. Hassett said, "The reason we established all these regional Feds was to ensure a federal system where regions with different concerns could all have a voice at the decision-making level." Besant said on Wednesday that she would push for new rules requiring candidates for regional Fed presidents to have lived in their district for at least three years—a measure the Trump administration accuses the Fed of exceeding...

The proposal to ban state-level artificial intelligence legislation, promoted by U.S. President Trump, failed to pass in Congress, increasing the risks for the White House and the AI affairs director. Although Congress refused to include relevant provisions in the defense policy bill, the White House has discussed reissuing an executive order to take precedence over state legislation and may establish an "AI Litigation Task Force" to address state laws.

Amid the complex and ever-changing market information, what truly matters? "Gate Web3 News Selection" aims to filter out the noise for you. Every day, we curate the most important news from the global crypto market to help you quickly grasp key trends, save time, and gain early insights. 1. Hassett: The Fed May Cut Rates at Next Meeting, Expected Decrease of About 25 Basis Points Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve may cut interest rates at its next meeting, and the expected cut is about 25 basis points. Regarding the next Fed Chair candidate, he said the Chair needs to be someone who responds to data.

JPMorgan's latest analysis points out that although the US stablecoin market is expanding rapidly under the impetus of the GENIUS Act, its grand goal of "boosting demand for US short-term Treasuries" may fall far short of policymakers' expectations. Since the act was passed in July, the total supply of stablecoins has increased by over $50 billion, surpassing $300 billion in scale, but it is still far from the White House's previous target of $2-4 trillion by 2028–2030. JPMorgan's Head of US Short-Term Rate Strategy, Teresa Ho, stated that while stablecoins have strong growth momentum, it is "unrealistic" to expect them to grow to several trillion dollars within a few years. The bank expects that in the next few years, the stablecoin market size may reach about $700 billion, mainly limited by current laws prohibiting the issuance of interest-bearing stablecoins—a restriction that weakens the core driver of demand growth.

Golden Finance reported that during a meeting at the White House, U.S. President Trump stated that the potential Fed chairman is here while introducing Hassett.

BlockBeats news, on December 3rd, according to market news, Trump will announce the proposed repeal of automobile fuel economy rules at the White House on Wednesday. Executives from General Motors, Ford, and Stellantis will attend the meeting. Earlier reports indicated that Trump will make a significant statement at 3 a.m. today.

British man Jason Lowe was sentenced to 33 months in prison for embezzling £500,000 from his company, which he converted into Crypto Assets for online gambling. He transferred the funds by forging payments, and was ultimately tracked down by the police who confirmed the criminal facts.

According to ChainCatcher news, Jin10 reports that Deutsche Bank analyst Anterje Plavk pointed out that if the next Fed chair responds to President Trump’s calls for interest rate cuts while inflation remains high, the dollar may face downward pressure. Plavk believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of the Fed cutting rates. She stated that if the Fed cannot effectively curb inflation risks, it will have a negative impact on the currency.

PANews, December 2nd news: The White House of the United States: President Trump will host a Cabinet meeting at 11:30 AM Eastern Time on Tuesday (0:30 AM Beijing time the next day); and will announce at 2:00 PM (3:00 AM Beijing time the next day).

According to a report by Jinse Finance, data from the American prediction market platform Kalshi shows that the probability of White House National Economic Council Director Hassett being elected as the Fed Chairman has risen from 55% a week ago to 78%.

BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...

PANews, November 30 news, according to Jin10 reports, Hassett, the director of the White House National Economic Council, stated that if President Trump nominates him for the Fed chair, he "would be very willing to serve."

Balancer DAO is discussing the allocation of approximately $8 million in recovered assets to affected Liquidity Providers and providing rewards for white hat hackers. This vulnerability resulted in over $110 million in losses and marks Balancer's third major security incident.

The Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital jointly released the White Paper "Project Bayani: Opportunities for Asset Tokenization in the Philippines" today, pointing out that the potential for the Philippines to transform its Capital Market through asset tokenization is as high as $60 billion. The report depicts a future scenario where millions of Filipinos already using mobile Wallets and Crypto Assets will leapfrog traditional finance stages to hold investment products such as government bonds, stocks, and mutual funds in tokenized form.

According to ChainCatcher news and the official announcement, Camp Network has released the "Origin White Paper," introducing a programmable intellectual property protocol for the era of artificial intelligence. The Origin protocol aims to address the issues of the current intellectual property system being manual, slow, and bureaucratic, making it difficult to track vesting across thousands of sources, execute rights across derivations, or settle micro-royalties valued at fractions of a cent. This protocol represents intellectual property as IPNFT embedded with licensing and royalty logic, maintaining a provenance graph for derivatives and vesting, and executing micro-royalty settlements in real-time on Camp's high-throughput infrastructure. Origin adopts a three-layer architecture: the protocol layer is responsible for IPNFT sign up, licensing, and royalty distribution contracts; the service layer provides content delivery, legal document generation, and dispute tools; the application layer offers SDKs and interfaces for the market and artificial intelligence. This protocol...

Odaily News Nasdaq-listed Solana treasury company DeFi Development (DFDV) announced that two of its executives have purchased a total of 14,244 shares of common stock in the open market, with Chief Operating Officer and Chief Investment Officer Parker White buying 10,044 shares of common stock, and Chief Strategy Officer Daniel Kang purchasing 4,200 shares of common stock. (Globenewswire)

Gate News Bot news, on November 26, according to CoinMarketCap, as of the time of writing, IP (Story) is currently priced at $2.97, having risen 21.16% in the last 24 hours, reaching a high of $3.23 and a low of $2.21. The 24-hour volume has reached $173 million. The current market capitalization is approximately $982 million, an increase of nearly $172 million compared to yesterday. Recent important news on IP (Story): 1️⃣ **Camp Network releases a technical white paper to build infrastructure for the IP economy** Camp Network officially released its technical white paper, aiming to build the underlying infrastructure that supports the collaborative development of the global IP economy and artificial intelligence. The project is dedicated to creating programmable, verifiable, and on-chain profit-supporting IP through blockchain technology.

PANews reported on November 26 that, according to the New York Post, San Francisco police and informed sources revealed that a tech investor who had previously dated OpenAI CEO Sam Altman was the victim of an armed robbery on the evening of November 22, during which $11 million worth of Crypto Assets were stolen. At the time of the incident, the robber disguised as a UPS delivery person entered the victim's residence on Doran Street with a white package box. Surveillance footage showed the robber brandishing a gun to coerce the victim into handing over electronic devices after the victim opened the door. The robber then tied up the victim and stole the Crypto Assets from the victim's phone and laptop. According to informants, the suspect tortured the victim after binding him, beating him while on a hands-free call, during which a foreign-accented voice on the other end continuously recited the victim's personal information. After receiving the emergency call that evening, the police found the victim with minor injuries and are currently tracing the path of the Digital Money transferred by the robber through the stolen devices. It is reported that the 31-year-old house...

November 26 news, reports say that as the selection process for the new chair of the Fed enters its final weeks, White House National Economic Council Director Kevin Hassett is seen by Trump’s advisors and allies as the frontrunner for the next Fed chair. However, insiders also point out that Trump is known for making surprising personnel and policy decisions, so nominations cannot be considered final until publicly announced. The selection of the Fed chair and board members has traditionally been the most direct way for a president to influence the Fed. During Trump’s first term, he nominated the current chair Jerome Powell, but Trump deeply regretted that decision when Powell did not cut rates at the pace he expected. Hassett is viewed as being highly aligned with Trump’s economic views, including the assertion that rates need to be dropped. In an interview on November 20, he stated that if he were to serve as Fed chair, "I would drop rates now," because "the data suggests we should do this."

BlockBeats news, on November 25, although Trump will not appear on the ballot for next November's midterm elections, he is fully committed with a do-or-die attitude because this election is crucial to his presidential term and political life. According to nine Republican strategists involved in the election, he is calling candidates, endorsing them early, formulating strategies, and pushing economic messages in an attempt to keep Congress in Republican hands. "Presidents usually start acting late in the campaign," said Bill Galston, a former senior advisor in the White House under Democratic President Bill Clinton, "Such engagement at this stage is extremely rare." Six Republican insiders told Reuters that Trump wants party candidates to use his tax cut plan as the campaign theme. The plan was introduced in July by the Republicans.

The White House in the United States has launched the "Genesis Mission" plan, aimed at accelerating scientific research progress through artificial intelligence. This initiative will integrate federal research resources to promote breakthroughs in areas such as medicine and energy, while also opening datasets to foster innovation and collaboration.

Odaily News NEXPACE announced on the X platform that today's main updates include: 1. Launch of the $NXPC Burn Mechanism to support long-term value and transparency. 2. The White Paper has been updated, clarifying the Token structure, supply mechanism, and protocol logic.

Golden Finance reported that White House economic advisor Hassett: The new leadership of the Fed may be expected to cut interest rates, and Trump may interview Fed candidates in the coming months. We may determine the Fed chair candidate around the New Year.

PANews, November 22 news, according to Jin10 reports, the White House is preparing alternative tariff plans before the court ruling.

Golden Finance reported that data shows that the group of people with a four-year college degree in the United States now accounts for a record 25% of the total unemployed, highlighting the sharp slowdown in white-collar hiring this year. The monthly data released by the U.S. Bureau of Labor Statistics on Thursday, which was delayed due to the government shutdown, shows that the unemployment rate for those with a bachelor's degree rose to 2.8% in September, an increase of half a percentage point from a year ago. In contrast, the unemployment rate for other educational levels has seen little to no increase during the same period. In September, there were more than 1.9 million unemployed Americans aged 25 and older with at least a bachelor's degree, accounting for one-quarter of the total unemployed. This proportion has never reached such a high level in data going back to 1992 before 2025. This indicates that younger, newly graduated college students are also struggling to find jobs. Michael Feroli, Chief U.S. Economist at JPMorgan, pointed out that college-educated.

The White House is preparing to respond to potential personnel changes by Trump after the anniversary of his term, which may affect the stability of the cabinet, particularly with possible adjustments in the Department of Homeland Security and the Department of Energy. The White House Press Secretary stated that there will be no changes in the cabinet.

Bitcoin is heading towards its worst monthly performance since 2022, with Placeholder partner Chris Burniske warning that the decline has just begun. Chris Burniske believes, "The DAT dumping phase has only just started; just as we rose, we will also fall." Alliance DAO co-founder QwQiao predicts that the next round of Bear Market needs to fall another 50% to establish a solid foundation. On Friday, Bitcoin fell by as much as 6.4% to $81,629, with prices in November down about 23%, marking the largest monthly decline since June 2022. Despite the White House's supportive stance on cryptocurrency and a surge in institutional users, Bitcoin's price has plummeted over 30% from the historic high reached in early October, with a single-day liquidation amount reaching up to $1.9 billion, exceeding the losses caused by the COVID-19 market crash and the FTX collapse.

ChainCatcher message, Camp Network officially released the technical White Paper, dedicated to building the underlying infrastructure that supports the global IP economy and the collaborative development of artificial intelligence. The White Paper points out that the current IP industry faces core pain points such as inefficiency, platform monopoly of value, and insufficient protection of creators' rights. Camp Network proposes to create a programmable, verifiable, and support chain profit IP new ecosystem through blockchain technology, laying the foundation for the deep integration of AI and IP. The architecture of Camp Network aims for internet-level performance, designed to assist creators in seamlessly accessing the future AI-native tools ecosystem, promoting the trillion-dollar IP economic revolution.

The White House announced that Trump has modified the tariffs on certain agricultural products from Brazil, deciding to cancel the 40% additional ad valorem tariff on certain products, with the adjustments to take effect after November 13. This modification comes after initial progress in negotiations with the Brazilian government.

Foresight News reports that, according to The Verge, Trump is considering signing an executive order as early as November 21. This executive order would grant the federal government unilateral authority to regulate artificial intelligence, including the establishment of a "Special Task Force on AI Litigation" supervised by the Attorney General, with members including White House Crypto Assets and AI Director David Sacks. Its sole responsibility would be to challenge state laws on artificial intelligence. The task force would have the authority to sue state governments identified as obstructing the development of the artificial intelligence industry.

Golden Finance reports, US President Trump: I really want to fire Powell, he is extremely incompetent, spending $4 billion to build a building, while my new White House banquet hall project costs much less and is larger. The current Interest Rate is too high, we should sue Powell over the construction costs of the Fed.

Odaily News The director of the National Economic Council of the White House, Hassett, stated that inflation is now "more controllable," but has not been completely resolved, after previously losing control over inflation. (Jin10)

Golden Finance reports that Kevin Hassett, Director of the National Economic Council at the White House, stated that the unemployment rate is slightly above the equilibrium level.

Odaily News According to market news: The White House has nominated Stuart Levenbach to lead the Consumer Financial Protection Bureau (CFPB). (Jin10)

Golden Finance reports, Politico: The White House is set to announce a major new peace protocol reached with Russia. Officials say the protocol will ultimately end the ongoing three-and-a-half-year Russo-Ukrainian conflict. A senior White House official revealed that parties are expected to reach an agreement on the framework to end the conflict by the end of this month, and even "as soon as this week" it could be finalized.

BlockBeats news, on November 19, according to Fox News, Musk appeared at the White House to attend a state dinner hosted by President Trump for the Crown Prince of Saudi Arabia. Additionally, soccer star Cristiano Ronaldo also attended the dinner. Trump stated that he introduced football legend C. Ronaldo to his son Barron at the White House tonight, which earned him his son's favor.

Odaily News Trump stated that he believes he has identified his choice for the next Fed chair, while claiming that someone is preventing him from firing the current Central Bank leader Powell. Trump told reporters: "I think I know my choice." However, he did not specify who the candidate was. U.S. Treasury Secretary Becerra stated that he has narrowed down the contenders to current Fed governors Waller and Bowman, former Fed governor Warsh, White House National Economic Council director Hassett, and BlackRock executive Riedel. Trump said: "We have some surprising names, and some conventional names that everyone is talking about. We might go the conventional route. It's nice to occasionally walk the politically correct path." Becerra had previously stated that he plans to submit recommendations to Trump after the Thanksgiving holiday. The next Fed chair will have to maintain a cautious balance: catering to Trump's desire for low interest rates while also sustaining investment.

According to a report by Golden Finance, a Reuters/Ipsos poll shows that Trump's support rate has fallen to 38%, the lowest level since his return to the White House, due to Americans' dissatisfaction with his handling of the cost of living and the investigation into Epstein. The four-day poll, which concluded on Monday, also shows signs of weakening Trump’s control over the Republican Party. At the beginning of his second term, 47% of Americans approved of him. The nine-point drop since January brings his overall support rate close to the low point of his first term and near the lowest level achieved by his Democratic predecessor, Biden. Biden's support rate had fallen to as low as 35%, while Trump's support rate during his first term had dropped to 33%. Only 26% of Americans say Trump is doing a good job managing the cost of living, down from 29% earlier this month.

ChainCatcher news, the White House is currently reviewing the proposed rules submitted by the U.S. Department of the Treasury that would allow the U.S. to join the international Crypto Assets Reporting Framework (CARF). Once approved and implemented, this framework will enable the IRS to automatically access transaction information of U.S. citizens' overseas cryptocurrency accounts to combat international tax evasion. CARF is a global protocol created by the Organisation for Economic Co-operation and Development (OECD) in 2022, aimed at enhancing the transparency of Crypto Assets transactions through automatic information exchange among member countries. Advisors to President Trump had previously released a report recommending that the U.S. adopt CARF, stating that it would prevent U.S. taxpayers from transferring digital assets to overseas digital asset exchanges and promote the development of the U.S. digital asset market. CARF has been adopted by most G7 member countries and major crypto hubs such as Singapore and the UAE.

Odaily News The White House is currently reviewing a policy that would allow the IRS to view citizens' offshore crypto assets, joining an international crypto data sharing alliance. (DECRYPT)

Brevis released the ProverNet White Paper, proposing a decentralized market mechanism for generating zk-SNARKs, utilizing real-time online two-way auctions to achieve efficient matching of computational tasks and hardware, with plans to launch by the end of 2025, promoting the transition of services to a competitive market.

Trump recently changed his stance, calling on House Republicans to vote to require the Justice Department to release documents related to Epstein, stating that "there is nothing to hide." He emphasized that the House Oversight Committee should obtain all information, whereas previously he and the White House opposed releasing more documents.

On November 14, American economists expressed concerns that the inflation and unemployment data for October might be permanently lost due to the government shutdown. Chief Economic Advisor Hassett confirmed that the unemployment rate will not be published, but the estimates for job creation will still be calculated. It remains unclear whether the Consumer Price Index will be released.

On November 14, U.S. President Trump hosted a dinner at the White House for Wall Street executives, including top officials from JPMorgan and BlackRock. The dinner discussed affordability issues in the United States, particularly related to mortgage topics.

BlockBeats news, on November 14, European financial stability officials are discussing whether to create an alternative funding support mechanism to the Fed, which would centralize the dollars held by central banks outside of the United States. Under the Trump administration, central banks have been trying to reduce their dependence on the U.S. The related mechanism of the Fed provides dollar loans to other central banks, acting as a lifeline during times of market pressure to ensure global financial stability. Interviews with more than a dozen European central bank and regulatory officials reveal their concerns that these mechanisms could be "weaponized" by the Trump administration. European officials' concerns rose around April but subsequently decreased due to the assurances from the Fed. The practice of centralizing dollars faces practical difficulties and may not be feasible. White House spokesman stated that Trump has "repeatedly reaffirmed his commitment to maintaining the strength and influence of the dollar." (Jin10)

According to Foresight News and the Aztec White Paper, the total supply of AZTEC in Aztec's token economic model is 10,350,000,000 coins, allocated as follows: 27.26% allocated to investors and early supporters, 21.06% allocated to the core team, 11.71% allocated to the foundation, 10.73% allocated to ecosystem grants, 14.95% allocated to Phase 2 public auction, 1.93% allocated to Phase 1 genesis sorter sales, 2.44% allocated to Bilateral sales, 2.64% allocated to Uniswap V4 liquidity pool, 4.89% allocated to future incentives, and 2.41% allocated to Y1 Network.

Odaily News Citigroup economists pointed out that despite warnings from the White House, the CPI and employment data for October may still be released in the coming days. The government shutdown has disrupted data collection, but Citigroup stated that statistical agencies can ask retrospective questions in household employment surveys and use more estimation methods in inflation metrics. However, the CPI data for October may be "less accurate than usual." Citigroup economists expect that labor market data will remain weak, prompting the Fed to cut interest rates in December, January, and March. (Jin10)