Yi He, Arguably Crypto's Most Powerful Woman, Becomes Binance’s New Co-CEO

Binance has appointed Yi He as co-CEO alongside Richard Teng, a strategic move aimed at strengthening its leadership team as the company navigates a rapidly evolving cryptocurrency landscape. This appointment highlights Yi He's significant role within the company, reflecting her influence in the sector.

Bitcoin has reclaimed the $93,000 level following a significant market rebound, indicating a positive shift in sentiment after weeks of bearish pressure and selloffs. Analysts are cautiously optimistic as new data suggests improvements in market conditions, particularly with the Coinbase premium turning positive after being in the red for several weeks.

Ethereum has activated the Fusaka upgrade, introducing PeerDAS, a system that allows validators to check smaller data slices instead of entire blobs, which aims to reduce costs and computational load for both validators and layer-2 networks.

Fanatics, a leading sports clothing and collectibles company, has launched Fanatics Markets, an app that allows users to trade on the outcomes of various events, including sports and politics, now available in ten states. The company plans to expand its offerings to include cryptocurrency and IPO bets by 2026.

Bitcoin's price is currently hovering around $90,000, which aligns closely with production costs, indicating a tightening bull/bear line. This situation arises as Bitcoin's network valuation models suggest that the cryptocurrency is near its fair value, reflecting a critical juncture in its market dynamics.

Solana Mobile has announced the upcoming launch of the SKR Token in January, with a total supply of 10 billion tokens. The distribution plan allocates 30% for airdrops, 25% for growth initiatives, and 10% for liquidity and launch support, aiming to bolster the Solana ecosystem.

Yi He has been appointed as co-CEO of Binance, joining Richard Teng to lead the company's global growth and innovation strategy. This leadership change is part of Binance's efforts to adapt to the evolving cryptocurrency landscape and enhance its operational capabilities.

Polymarket has officially launched its mobile app for sports and proposition markets in the United States, following the approval from the Commodity Futures Trading Commission (CFTC). This marks a significant return for the platform under federal oversight, allowing it to operate legally within the U.S. market.