Web3 News on November 16, 2024

1. According to Fox News, although it is still unknown who Trump will choose to helm the SEC, it is increasingly likely that Gary Gensler will voluntarily resign before the end of his term (expiring in 2026). He may announce after Thanksgiving that he intends to resign in early January, before Trump's inauguration. 2. Fed's Goolsby said that as long as inflation continues to fall, current interest rates will be significantly reduced. The Fed will not change its inflation target, and interest rates may need to be lowered in the coming year. Fed Collins said that another rate cut in December is clearly under consideration, but it has not been finalized. 3. Vivek Ramaswamy, who leads the U.S. Department of Efficiency with Musk, said that the government efficiency department will be disbanded on July 4, 2026 as part of the celebration of the 250th anniversary of the Declaration of Independence. He quoted Reagan's famous saying, emphasizing the durability of government agencies, but said DOGE will be an exception. 4. Matthew Sigel, head of digital asset research at asset management company VanEck, said: There is a high possibility that Solana ETF will be listed and traded before the end of next year. 5. The large-scale theft of user assets on the Dexx trading platform has confirmed that the scale of stolen funds has reached hundreds of millions of yuan, and hackers are still continuing to commit crimes and constantly transferring user assets. The risk of internal crimes cannot be ruled out at present. 6. The encrypted AI project Holoworld launched the AI ​​Agent Market platform on the Base chain, allowing various communities to create and deploy their own AI agents. The platform is mainly aimed at Internet creators, online communities and digital native brands, and gradually opens community access through a voting system. 7. According to Artemis data, Solana had a net inflow of US$19.5 million today, Sui had a net inflow of US$10.7 million, Arbitrum had a net inflow of US$9.3 million, Base had a net inflow of US$4.3 million, and Ethereum had a net outflow of US$40.4 million. 8. In the 7 days ending November 14, Circle issued approximately 2.7 billion USDC, redeemed approximately 2.9 billion USDC, and reduced the circulation by approximately 200 million. The total circulation of USDC is 36.7 billion, and the reserve is approximately 36.9 billion US dollars. 9. The proposal to "enable ENA fee conversion" proposed by Wintermute has been approved by the Risk Committee. The Foundation will work with the Risk Committee to finalize the relevant parameters for the activation of the fee switch before November 30, and the specific implementation mechanism will be announced later.