Bitpush Daily News Selection: Trump Appoints Michael Selig as US CFTC Chairman; Polymarket CMO Confirms Plans to Launch Native POLY Token and Airdrop; Tether CEO: Tether Plans to Launch US-Compliant Stablecoin USAT in December, Targeting 100 Million US Users

Bitpush editors' daily selection of Web3 news:

[Trump Appoints Michael Selig as US CFTC Chairman]

According to Bitpush, Trump has appointed Michael Selig as Chairman of the US Commodity Futures Trading Commission (CFTC) to address the growth of the crypto industry.

Michael Selig is the chief advisor of the SEC's Crypto Special Task Force and was previously a partner in asset management at the law firm Willkie Farr & Gallagher.

[Polymarket CMO Confirms Plans to Launch Native POLY Token and Airdrop]

According to Bitpush, Polymarket Chief Marketing Officer Matthew Modabber has confirmed plans to launch a native POLY token and airdrop. Modabber said in an interview on the Degenz Live podcast on Thursday, "We could have launched the token at any time, but we want to do it more thoroughly. We want it to be a truly practical, lasting, and ever-present token."

[Tether CEO: Tether Plans to Launch US-Compliant Stablecoin USAT in December, Targeting 100 Million US Users]

According to Bitpush, Tether CEO Paolo Ardoino stated that the company plans to launch the US dollar stablecoin USAT for the US market in December, in compliance with the GENIUS Act regulatory requirements, and aims to expand potential users to 100 million through platforms such as Rumble. USAT will be issued by a joint venture between Tether and regulated crypto bank Anchorage Digital. Ardoino said they will continue to invest in content platforms and social media to promote creator economy payment applications and compete for market share with rivals such as PayPal.

Meanwhile, Tether's flagship stablecoin USDT supply has increased to $182 billion, continuing to dominate the approximately $300 billion stablecoin market; the market value of XAUT, backed by physical gold, has surpassed $2.2 billion this year, more than tripling since the beginning of the year, mainly driven by retail demand.

[Crypto.com Applies for National Trust Bank License with US Office of the Comptroller of the Currency]

According to Bitpush, Crypto.com has disclosed that it has submitted an application for a national trust bank license to the US Office of the Comptroller of the Currency (OCC).

[Ripple Completes Acquisition of Hidden Road, Now Renamed Ripple Prime]

According to Bitpush, Ripple has announced the completion of its acquisition of Hidden Road, which has now been renamed Ripple Prime. Hidden Road previously provided institutions with clearing, prime brokerage, FX, digital assets, derivatives, swaps, and fixed income financing services. This acquisition will make Ripple a crypto company that owns and operates a global multi-asset prime broker.

Since the acquisition announcement, Ripple Prime's business has grown threefold, and further growth is expected. Ripple Prime will enhance the utility and coverage of Ripple's stablecoin RLUSD. Currently, RLUSD has been used as collateral for various prime brokerage products. Some derivatives clients have chosen to hold RLUSD.

[Data: Number of Bitcoin Dormant for Over 7 Years Awakened This Year Has Reached a Record High]

According to Bitpush, CryptoQuant data shows that in 2025, a large number of bitcoins dormant for over 7 years have started to move. As of October, the volume has already surpassed the total for last year, with two months still remaining in the year. Specific data are as follows:

• 2023: 59,000 coins;

• 2024: 255,000 coins;

• 2025: 270,000 coins (a record high).

Analysts suggest three possible reasons:

Normal transfers by old miners.

Transfers to new cold wallets for security upgrades.

Continued high prices, with some cashing out for safety.

The analysis concludes that at the current pace, the annual volume of coins dormant for over 7 years is likely to exceed 300,000.