Odaily Planet Daily News: According to people familiar with the matter, Bullish, a cryptocurrency trading platform backed by Peter Thiel, will accept subscriptions for its US IPO starting at 16:00 Eastern Time on Monday and is expected to be significantly oversubscribed. Bullish has reportedly increased the size of its initial public offering (IPO), now targeting a valuation of up to $4.82 billion. The new plan calls for selling 30 million shares at a price between $32 and $33 per share. At the top end of the range, Bullish could raise approximately $990 million, an increase from its earlier plan to sell 20.3 million shares at a price between $28 and $31 per share.

Odaily Planet Daily reports that Bitfinex has released its Alpha Report, which notes that macroeconomic factors determine Bitcoin prices. The recent rebound, coupled with steady increases in holdings by cryptocurrency fund managers (currently holding nearly $90 billion in digital assets), has restored short-term confidence, pushing prices above the range high near $119,500. However, the sustainability of this breakout above resistance remains to be seen. Currently, prices are fluctuating around the short-term holding cost basis of $106,709, indicating a "modest but not overheated" market, consistent with a mid-term bull market. After months of calm in financial markets, shifts in trade policy, evolving bond market dynamics, and weak economic data are setting the stage for more volatility at the end of the year. Impending US tariffs could raise costs, disrupt supply chains, and weigh on employment, while rising term premiums in the bond market (currently at 0.65%) signal heightened uncertainty about future Federal Reserve policy, particularly if inflation accelerates following the tariffs.

Odaily Planet Daily News: US President Trump officially declared a public safety emergency in Washington, DC, and he said he would mobilize the military if necessary.

According to Odaily Planet Daily, Federico Carrone (@fede_intern), an Argentine Ethereum developer and founder of LambdaClass who was previously detained by Turkish authorities, said on X that he had flown to Europe and would release more details about his detention after arriving in Europe. Earlier news, Federico Carrone was detained by Turkish authorities in Izmir, Turkey. The authorities accused him of assisting others in "abusing" the Ethereum network, but the specific details are still unclear.

According to Odaily Planet Daily, Arkham posted on the X platform that the whale 7 Siblings transferred $47 million worth of ETH to a new wallet and started selling it 7 minutes ago. It has sold $17.2 million worth of ETH so far.

According to market news from Odaily Planet Daily: Stablecoin issuer Paxos disclosed that it is applying for a trust bank license in the United States.