Michael Selig said he supported having a “cop on the beat” for digital asset markets and answered questions about how he would handle regulation as the sole CFTC commissioner. Michael Selig, who serves as chief counsel for the crypto task force at the US Securities and Exchange Commission, faced questions from lawmakers on the Senate Agriculture Committee for his nomination to be the next chair of the Commodity Futures Trading Commission. On Wednesday, Selig appeared before the committee and addressed questions and concerns from lawmakers on both sides of the aisle regarding his potential conflicts of interest, policy views and experience as the next CFTC chair, succeeding Caroline Pham. In his opening statement, Selig said he had advised a wide range of market participants, including digital asset companies, and warned against the agency taking a regulation-by-enforcement approach, stating that it would drive companies offshore. Read more
A bearish signal from Bitcoin’s SuperTrend indicator projected a major decline, which could be reinforced by the Crypto Fear and Greed index registering “extreme fear.” Key takeaways: Bitcoin’s Supertrend indicator sent a “sell” signal that has led to a 77% price drop in the past. The crypto sentiment index in “extreme fear” suggests there is more pain ahead for Bitcoin investors. Read more
Real estate developer One United Properties (ONE.RO) notified the Bucharest Stock Exchange of having commenced the procedures for implementing the public tender offer (PTO) for up 20% of its share capital, following publication of Decision 79 of its Extraordinary General Meeting of Shareholders in the Official Gazette Issue 5307 on November 5, 2025.
At the beginning of November, the odds of a December rate cut were 67% among traders, but they have since cratered alongside investor sentiment. The odds of an interest rate cut at the December Federal Open Market Committee (FOMC) meeting have plunged to 33% as “extreme fear” grips the crypto market and the price of Bitcoin (BTC) dips below $89,000. Investors placed the odds of a December rate cut at about 67% during the first week of November, with the odds dropping below 50% on Thursday, according to data from the Chicago Mercantile Exchange (CME). Traders on prediction markets Kalshi and Polymarket forecast the odds of a December rate cut at about 70% and 67%, respectively. While higher than CME, traders in general appear more hesitant about rate cuts due to persistent fears about inflation, according to The Kobeissi Letter. Read more