XXYY.cc Morning Report | December 4, 2025

21:00–7:00 Key Dynamics Keywords: YZi Labs, Fusaka Upgrade, Hassett, Charles Schwab

1️⃣ U.S. Treasury Secretary Basant may concurrently hold Hassett's current position

Expectations are rising for adjustments at the upper levels of the U.S. financial system, which may affect future cryptocurrency regulatory strategies.

2️⃣ SEC Chairman: Bitcoin Market Structure Bill is about to pass

Considered a key positive development, it may lay the legal foundation for institutional deep involvement in BTC.

3️⃣ Charles Schwab announces: BTC and ETH trading services will be available in early 2026

Another traditional giant is making a significant entry, moving crypto assets closer to mainstream investment products.

4️⃣ Ethereum completes Fusaka upgrade

ETH officially enters a fixed rhythm of "two hard forks a year", with technological iterations becoming more stable and continuous.

5️⃣ U.S. Treasury Secretary Basant: The Trump administration has made 15%–20% tariffs the norm

Trade policies are becoming more aggressive, which may indirectly affect global risk asset volatility.

6️⃣ Coinbase CEO: Several major banks are collaborating with Coinbase on cryptocurrency pilots

Wall Street institutions are accelerating their deployment, further deepening the integration of traditional finance and crypto.

7️⃣ YZi Labs: Official notice has been sent to 10X Capital

And reminds CEA Industries shareholders to pay attention to its "destructive behavior", the incident is still unfolding.