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According to The Block, the New York State Department of Financial Services has issued new guidelines for advertising and marketing requirements for licensed cryptocurrency entities in the state, which include avoiding misleading or deceptive content. Acting Superintendent Kaitlin Asrow stated in a press release that today's guidelines reinforce the commitment to protecting New York residents and ensure that advertising and marketing practices in the virtual currency space are clear, comprehensive, and accessible.The New York State Department of Financial Services announced on the same day that these guidelines apply to virtual currency entities licensed or chartered by the department, requiring them to establish and implement policies and procedures for advertising and marketing materials related to virtual currency products, services, and activities, with a focus on content accuracy, clear disclosures, and governance and review processes. Relevant entities must update their policies and procedures according to the guidelines by May 10, 2027, review them at least once a year, and maintain records for regulatory inspection. The Department of Financial Services will assess the implementation and effectiveness of these policies and procedures through examinations and ongoing supervision.Common practices listed in the guidelines include: reviewing marketing claims to ensure they fairly present products, services, or activities, are supported by evidence and verifiable, and do not contain exaggerated or false statements about performance or regulatory status; customer disclosures should be clear, prominent, easily understandable to the general audience, and clearly identify the entity providing the products, services, or activities; establishing governance review processes for advertising and marketing materials, designating responsible parties, conducting due diligence on third-party promoters, and promptly monitoring and addressing instances of fraudulent or improper use of their name or brand by others.

According to Gate market data, after the U.S. stock market opened, Nvidia's stock price rebounded strongly, currently reported at 160 USD, having erased the decline following Jensen Huang's resignation announcement.

According to Gate market data, the pre-market decline of the US stock Nebius (NBIS.O) has widened to 20%.

According to Gate Market, U.S. chip stocks continued to decline in pre-market trading after Jensen Huang announced his resignation as CEO. Intel (INTC.O) fell 3.7%, Marvell Technology (MRVL.O) fell 5.2%, Micron Technology (MU.O) fell 5.2%, Arm (ARM.O) fell 4.1%, SK Hynix (SKHY.O) fell 5.1%, and TSMC (TSM.N) fell 3.5%.

AI cloud computing company Nebius announced its third-quarter financial report, with revenue increasing by 571% year-on-year to $981 million, exceeding market expectations by about 8%; adjusted EBITDA reached $466 million, also higher than the expected $357 million. However, the company expects its full-year revenue for 2026 to fall at the lower end of the guidance range of $3 billion to $3.4 billion, below the market expectation of about $3.37 billion.What draws more market attention is that Nebius expects capital expenditures in 2027 to reach $40 billion to $45 billion, while providing a revenue outlook of $12 billion to $13 billion, approximately four times that of 2026. The company stated that customer prepayments and investment-grade contract asset-backed financing are expected to cover 75% to 85% of next year's capital expenditures, with the scale of prepayments expected to increase from about $10 billion this year to $17 billion to $20 billion.The company's CEO stated that since the third quarter, the total value of newly signed contracts has exceeded $12 billion, with Databricks, Datadog, Palantir, and Snowflake all signing multi-year agreements with the company for the first time. Despite significantly exceeding expectations, the full-year revenue guidance fell short of expectations, and the capital expenditure plan of up to $45 billion next year has raised market concerns about AI infrastructure expansion and financing pressures.

According to Gate market data, NVIDIA (NVDA.O) stock price has widened its pre-market decline, now down 8%.

According to Gate market data, Coreweave (CRWV.O) pre-market decline once expanded to 11%.

The decentralized perpetual contract trading platform Extended has opened the XTEN token allocation query page. Users must complete the signing confirmation by December 31; any unaccepted allocation amounts after the deadline will be transferred to the Ecosystem Fund. The official also reminds that users using Starknet accounts need to specify a self-custodied EVM wallet address to receive related assets, while the specific launch time of the XTEN token has not yet been announced.Extended is built by the former Revolut team, based on Starknet, utilizing zk technology and secured by Ethereum. It offers over 300 markets including cryptocurrencies, stocks, foreign exchange, commodities, and indices, with a maximum leverage of 100 times, using USDC as the base collateral asset. Users can deposit USDC into the Community Vault to earn yields and receive XVS share tokens, which can also be used as trading collateral.

According to the official announcement from the Runes trading and liquidity platform radFi, the platform will be shut down in phases, with the application scheduled to go offline on February 11, 2027. From now on, activities involving liquidity pools will be restricted, with a limit of 0.01 BTC per transaction for providing liquidity and trading, and a daily total outflow limit of 0.05 BTC. The platform will adjust these limits as necessary.Starting January 11, 2027, Runes trading and LP withdrawals will cease, and only withdrawals from the trading wallet will be supported. After the application goes offline, ndestrategy will operate an independent website for users to withdraw Runes and BTC from their trading wallets.

The police in Dezhou, Shandong, China, have cracked a cross-provincial online extortion case. The criminal gang impersonated environmental inspection personnel and journalists, using drones to film breeding farms and release negative videos, inducing farmers to pay for post deletion.The gang collected funds through payment codes and third-party payment platforms, which then settled with money laundering groups using virtual currency. The police stated that the gang committed 268 crimes in 22 cities across 5 provinces, including Shandong, Henan, Hebei, Jiangsu, and Anhui, within two months, involving an amount of over 800,000 yuan. A total of 23 people have been arrested, and assets worth over 2 million yuan have been sealed, seized, or frozen.

In October, the U.S. CPI exceeded expectations. After the data was released, BTC briefly fell to around $73,000, and the market began to bet on a 50 basis point rate hike in December. In response, Cloud, the chief analyst at Huobi HTX, believes that the probability of a 50 basis point hike is low, and a 25 basis point increase remains the baseline scenario. The current decline is more akin to a pricing correction.There are three reasons: The Federal Reserve values the continuity of data, and historically, there are very few cases where a single month's CPI jump has changed the pace of rate hikes; a single month of exceeding expectations is insufficient to overturn the gradual path; the current inflation stickiness mainly stems from the lagged transmission of tariffs and rents, which will naturally diminish, and marginal employment is also weakening. The committee has no reason to impose aggressive tightening at the peak of transmission; the credit spread has widened from 93 basis points to 348 basis points, financial conditions have effectively tightened, and adding another 50 basis points would actively create financial stability risks.In the crypto market, funding rates have turned negative, and the open interest in perpetual contracts has decreased by nearly 20% in a week. The fear and greed index has fallen into the deep fear zone, and the clearing of leverage has been relatively sufficient, limiting the space for further short-term declines. However, an oversold situation does not mean an immediate rebound; confirmation is needed for CPI to fall in the next two months. If inflation exceeds expectations for two consecutive months and a 50 basis point hike is realized, a trend decline will begin, but currently, this scenario seems unlikely.Note: The content of this article does not constitute investment advice, nor does it constitute any offer, solicitation, or recommendation of investment products.

Federal Reserve Governor Bowman stated that there needs to be a reduction in risks from artificial intelligence and the Middle East before there can be confidence in a decline in inflation next year.

Critics of BTC, gold supporter, and economist Peter Schiff posted on the X platform, stating that Bitcoin has never experienced a decline in two consecutive calendar years in its 18-year history. However, Bitcoin fell by 6.34% last year and has dropped another 16.5% so far in 2026. He pointed out that if Bitcoin continues to decline in 2027, it will mark the first time it has experienced declines in three consecutive calendar years.

According to Gate market data, NVIDIA (NVDA.O) saw its intraday decline widen to 5%.

According to Gate market data, the three major U.S. stock indices rose, with the Nasdaq 100 index turning positive, erasing a previous decline of 1.3%. The declines of the Dow Jones and S&P 500 indices narrowed to 0.3% and 0.17%, respectively.