[Bitpush Daily News Selection] Bloomberg: Hassett is a top candidate for Federal Reserve Chair and previously led the development of the crypto regulatory framework; Bitwise Dogecoin ETF BWOW may be listed on NYSE Arca as early as Wednesday; Texas invests $10 million in BlackRock Bitcoin ETF; Bitcoin sees its worst January in nearly three years, with a record $3.7 billion ETF outflow in a single month

Selected Web3 news by Bitpush editors for you daily:

[Bloomberg: Hassett is a leading candidate for Federal Reserve Chair, previously led crypto regulatory framework development]

According to Bitpush, Bloomberg reports that Kevin Hassett, Director of the White House National Economic Council, is currently the top candidate for the next Federal Reserve Chair. Hassett played a key role in the White House Digital Asset Markets Working Group, which released a report this summer systematically proposing crypto asset regulatory recommendations, including stablecoin regulation, tax policy, and illicit finance governance.

The report, citing sources familiar with the matter, states that if Hassett becomes Federal Reserve Chair, he will be a close ally and trusted figure for President Trump. Notably, Hassett disclosed in June this year that he holds at least $1 million worth of Coinbase stock, drawing market attention.

Besides Hassett, Federal Reserve Governor Waller and former official Walsh are also considered major candidates. The White House press secretary stated that President Trump’s actual personnel decision “remains to be seen.”

[Bitwise Dogecoin ETF BWOW may be listed on NYSE Arca as early as Wednesday]

According to Bitpush, the Bitwise Dogecoin ETF (ticker BWOW) may be listed as early as Wednesday, after NYSE Arca, a subsidiary of the New York Stock Exchange Group, approved the ETF’s listing and registration on Tuesday.

According to the submitted documents, “NYSE Arca confirms it has approved the listing and registration of the Bitwise Dogecoin ETF (Bitwise Dogecoin ETF Series) common equity, pursuant to the Securities Exchange Act of 1934.”

[Texas invests $10 million in BlackRock Bitcoin ETF]

According to Bitpush, Texas invested $10 million at a price of about $87,000 on November 20, becoming the first U.S. state to purchase Bitcoin. The Texas State Auditor and Treasury investment team are closely monitoring the market, and this initial investment was made through BlackRock’s IBIT ETF. In the future, Texas will self-custody its Bitcoin.

[Bitcoin faces worst January in nearly three years, ETF outflows hit record $3.7 billion in a single month]

According to Bitpush and Forbes, U.S.-listed spot Bitcoin ETFs saw outflows reach $3.7 billion in November, surpassing the previous record of $3.6 billion set in February this year. As a bellwether for the crypto market, Bitcoin has fallen more than 35% from its October high of $126,000, hitting a low of $80,000 on November 21, the lowest level since April. The entire crypto market began to decline sharply in October, with the speed of the drop approaching that of the FTX collapse (2022). Ethereum-related ETFs also saw outflows of over $1.6 billion in November. Last week, the global crypto asset market cap fell below $3 trillion for the first time since April.

[U.S. Bank tests stablecoin on Stellar platform]

According to Bitpush, U.S. Bank stated that the company is testing its self-developed stablecoin on the Stellar blockchain.

[Polymarket receives CFTC approval to allow intermediary trading]

According to Bitpush, Polymarket prediction market platform founder Shayne Coplan announced today that Polymarket US has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to allow intermediary trading. This means that in the future, users will be able to trade on Polymarket through registered brokers and financial institutions.

Coplan stated that this is a key milestone for Polymarket’s integration into the U.S. financial system. He especially praised the efforts of the company’s legal and U.S. operations teams, noting that a process that usually takes years was completed by Polymarket in just four months.

Polymarket’s official Twitter also confirmed the news, stating that it will soon be available on more trading platforms. This move marks an important step toward the legalization and popularization of prediction markets in the United States.