Paul Krugman warned that Trump's "close associates" are undermining financial stability: "Prepare for a 2008 frenzy." In his latest article last Friday, the economist stated that Trump's allies are dismantling the regulatory measures established after the 2008 financial crisis to prevent future crises. Krugman pointed out that Trump administration allies are actively weakening bank regulation, a key function of the Federal Reserve. Trump-appointed Fed Governor Bowman is advocating for relaxed capital requirements for banks, which may increase short-term bank profits but could exacerbate the risk of another crisis. Furthermore, Krugman highlighted the Trump administration's support for the crypto industry, particularly the promotion of stablecoins through the GENIUS Act. He warned that stablecoins issued by companies like Tether, with inadequate regulation, could pose systemic risks similar to those of 19th-century private banking. (Jinshi)

Paul Krugman warned that Trump's "close associates" are undermining financial stability: "Prepare for a 2008 frenzy." In his latest article last Friday, the economist stated that Trump's allies are dismantling the regulatory measures established after the 2008 financial crisis to prevent future crises. Krugman pointed out that Trump administration allies are actively weakening bank regulation, a key function of the Federal Reserve. Trump-appointed Fed Governor Bowman is advocating for relaxed capital requirements for banks, which may increase short-term bank profits but could exacerbate the risk of another crisis. Furthermore, Krugman highlighted the Trump administration's support for the crypto industry, particularly the promotion of stablecoins through the GENIUS Act. He warned that stablecoins issued by companies like Tether, with inadequate regulation, could pose systemic risks similar to those of 19th-century private banking. (Jinshi)

According to Odaily Planet Daily, Negentropic, co-founder of the on-chain analytics platform Glassnode, stated in an article published on the X platform that historically, simultaneous increases in the prices of the three precious metals—copper, silver, and gold—usually trigger: better performance from Bitcoin, momentum in altcoins (especially highly liquid altcoin assets), and a structural bull market transition. This is because rising prices of hard assets often indicate that global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.

According to Odaily Planet Daily, Negentropic, co-founder of the on-chain analytics platform Glassnode, stated in an article published on the X platform that historically, simultaneous increases in the prices of the three precious metals—copper, silver, and gold—usually trigger: better performance from Bitcoin, momentum in altcoins (especially highly liquid altcoin assets), and a structural bull market transition. This is because rising prices of hard assets often indicate that global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.

Huoxun Finance reported on December 1st that Yu Xian, founder of SlowMist, tweeted that the "white hat negotiation" messages appearing on the blockchain after the Yearn attack were fake and a phishing attack, consistent with the previous Balancer incident. The attackers used the Railgun protocol to conceal their identities, prepared a low-gas address 28 days in advance, and ultimately transferred 1000 ETH via TornadoCash. The attackers' address currently holds approximately $6 million in crypto assets.