The NASDAQ and Philadelphia Semiconductor Index have risen, and Nvidia's stock price has reached a new two month high

According to BeInCrypto, since November 2025, the 30 day average computing power of Bitcoin has dropped from 1108 EH/s to 898 EH/s, a decrease of 19%. Glassnode data shows that this is the longest continuous decline in the history of the network. Mining companies hold over $70 billion in AI contracts, and some of the electricity capacity originally used for Bitcoin mining has been transferred to AI custody.

[U.S. CFTC Chairman Michael Selig Says Derivatives Market Enters New Phase] Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote in *The Economist* that the global derivatives market has entered a new phase of development, where financial innovation must take the lead. He emphasized that the U.S. will not adopt a regulatory model that restricts market development. The nominal value of the global derivatives market exceeds $1.2 quadrillion, with nearly half of the market regulated by the CFTC. Chairman Michael Selig stated that the U.S. will seek a balance between innovation and market efficiency, and under his tenure, the CFTC will continue to play a leading role in setting rules for the derivatives market and advancing financial innovation.

Elizabeth Warren expressed support for cryptocurrency legislation, but opposed the CLARITY Act, arguing that it failed to address corruption, consumer protection, national security, and economic risks. （CoinDesk）

According to CNBC, Jamie Dimon, CEO of JPMorgan Chase, said that the current financial market leverage is at a high level, margin debt has reached the highest level in history, and some loans are hidden in the arbitrage strategies of primary brokers, hedge funds, ETFs and US treasury bond bonds. Jamie Damon pointed out that high leverage increases the likelihood of a single investor or fund disrupting the market, and situational awareness, a hedge fund focused on AI, was forced to liquidate its stock portfolio due to failed bets on leveraged technology stocks. Jamie Damon did not define the current level of leverage as a systemic threat, believing that the market can digest individual institutional failures and that the current environment is different from the 2008 financial crisis. Jamie Damon stated that government deficits, infrastructure investments, and global rearmament may push up inflationary pressures and support higher long-term interest rates.

Sui introduces anti quantum signatures, allowing users to upgrade their existing accounts by restoring phrases. （Cointelegraph）