【BiTu Daily News Highlights】The United States ends the previous government's investigation into China’s chip trade, and will not impose additional tariffs on Chinese chips for the next 18 months; Crypto stock annual performance review: BitMine, IREN, and Robinhood lead, Strategy struggles; Aave founder's million-dollar crypto purchase accused of suspected governance vote manipulation; Fidelity Research Director Jurrien Timmer: Bitcoin may experience a "rest year" in 2026, with support at $65,000

Crypto Daily Picks of the Day from Bi推:

【U.S. Ends Trade Investigation on Chinese Chips from the Last Administration, No Additional Tariffs on Chinese Chips for the Next 18 Months】

According to Bi推, reports from Global Times state that the U.S. government announced on the 23rd that it will impose tariffs on Chinese chips in 2027, ending the trade investigation initiated by the previous Biden administration. U.S. media analysts say that although the U.S. government claims China’s practices in the chip industry “harm American interests,” the final decision is to at least not impose additional tariffs on Chinese chips for the next 18 months. Bloomberg reports that the temporary delay in new tariffs is the latest signal that the U.S. government is seeking to solidify the China-U.S. “ceasefire” agreement and stabilize relations.

【Crypto Stocks Yearly Performance Review: BitMine, IREN, and Robinhood Lead, Strategy Struggles】

According to Bi推, the S&P 500 has risen nearly 20% this year, while Bitcoin prices have fallen about 4%. U.S. crypto companies have shown mixed performance, with the best-performing crypto stocks in 2025 including: BitMine (+345%), IREN (+300%), Cipher Mining (+250%), Robinhood Markets (+208%), Hut 8 (+136%), Terawulf (+132%), Bitfarms (+72%); the worst-performing crypto stocks in 2025 include: Sol Strategies (-88%), Fold Holdings (-75%), Gemini (-67%), Semler Scientific (-66%), Exodus Movement (-45%), Strategy (-44%).

【Aave Founder Accused of Manipulating Governance Votes After Million-Dollar Token Purchase】

According to market sources, Aave founder Stani Kulechov recently sparked controversy in the community after purchasing $10 million worth of AAVE tokens. Critics suggest this move may be aimed at increasing his influence over key governance proposals.

The current controversy centers on a proposal to reclaim control of the protocol’s brand assets, which was rushed into voting without sufficient discussion. Data shows that the top three voters in Aave DAO control over 58% of the voting rights, raising questions about the fairness of the governance mechanism.

【Fidelity Research Director Jurrien Timmer: Bitcoin May Experience a “Rest Year” in 2026, Support Level at $65,000】

According to Bi推, despite Bitcoin reaching a historic high of over $126,000 on October 6, it was subsequently liquidated in a $19 billion event, and is currently trading around $87,000. Market opinions on future trends vary; Dan Tapiero, founder of 50T Funds, believes the bull market is still in the “mid-stage,” while Fidelity Research Director predicts that Bitcoin may have a “rest year” in 2026, with support levels between $65,000 and $75,000.

Analysts note that Bitcoin’s four-year cycle is gradually evolving into a broader long-term trend driven by fundamentals such as global liquidity and sovereign adoption. Currently, tracking data shows most top traders hold a short-term bearish stance on mainstream cryptocurrencies.

【Former U.S. CFTC Acting Chair Caroline Pham Joins MoonPay as Chief Legal Officer】

According to Bi推, FOX Business reporter Eleanor Terrett announced that former Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline Pham, has joined crypto payments company MoonPay as Chief Legal Officer and Chief Administrative Officer.

【EU Crypto Tax Reporting to Launch in January, Violators Face Asset Confiscation Risks】

Bi推 reports that, according to CoinDesk, the EU’s latest digital asset tax transparency regulation will come into effect on January 1, 2026, marking a significant shift in how crypto activities are regulated across the EU.

Known as DAC8, this regulation expands the scope of the EU’s long-standing tax administrative cooperation framework to include crypto assets and related service providers. Under the new rules, crypto asset service providers (including exchanges and brokers) must collect and report detailed user and transaction information to their national tax authorities, which will share this data among member states.

For crypto users, the enforcement consequences are more severe. If tax authorities detect tax evasion or avoidance, DAC8 allows local regulators to act with the assistance of authorities in other EU countries. This cross-border cooperation also includes powers to freeze or confiscate crypto assets related to unpaid taxes, even if the assets or platforms are not located within the user’s jurisdiction.

【Wall Street Consensus: White House Advisor Kevin Hasset Likely to Get Fed Chair Position】

According to Bi推, Trump has narrowed the Fed chair candidate pool to four, and Wall Street consensus believes White House advisor Kevin Hasset will secure the position. During Trump’s first term, Hasset demonstrated a certain level of “independence” as Chair of the White House Council of Economic Advisers. He recalled in his 2021 memoir that many staff “wanted me to leave the White House from the very beginning.” If Hasset were to lead the Fed before 2025, few would oppose. However, concerns exist that the appointee in 2025 will be Hasset himself.