[Comparative Weekend Review] Trump nominated Michael Selig, chief legal adviser to the SEC Crypto Task Force as CFTC chairman; Trump said at a private party that cryptocurrencies may solve the $35 trillion US debt problem; Bloomberg: Since the US introduced regulatory laws, the share of stablecoins used for payments has surged 70%

Comparative review of the weekend's key news:

[Trump appoints Michael Selig, chief legal adviser to SEC's crypto working group, as CFTC chairman]

According to Bloomberg, an anonymous government official revealed that President Donald Trump has nominated Michael Selig to chair the Commodity Futures Trading Commission (CFTC). Michael Selig is the chief legal adviser to the US Securities and Exchange Commission (SEC) Cryptocurrency Working Group and has been an assistant to SEC Chairman Paul Atkins.

Throughout this time, Michael Selig has been working to coordinate the SEC and CFTC's approach to align it with all sectors of the financial and cryptocurrency industry. Earlier in his career, Michael Selig was a partner in Willkie Farr & Gallagher's asset management business.

[Trump Says Cryptocurrency May Solve $35 Trillion US Debt Problem]

Comparing the news, according to a Bitcoinist report, Trump said at a private party that cryptocurrencies “have a bright future (great future)” and hinted that the US might be able to solve the $35 trillion US debt problem. According to the leaked video, Trump said, “I'll write on a small note: $35 trillion in cryptocurrencies, we have no debt, and that's what I like to do.”

Notably, this isn't the first time Trump has hinted at using digital assets to eliminate growing US debt; he has publicly stated many times that Bitcoin can be used to “save America.”

[Ethereum treasury company EthZilla revealed that its ETH holdings have increased to 10,2916, and will release Q3 earnings report on November 14]

In comparison, Ethereum treasury company EthZilla released updated data on ETH holdings on the X platform. As of this week, the number of ETH held by the company increased to 10,2916, worth about US$394 million, and MNaV was 0.62. In addition, the company also announced that it will release its financial results report for the third quarter of 2025 before the opening of the US stock market on November 14.

[Zhao Changpeng: Kyrgyzstan's national stablecoin will be launched on BNB Chain]

Comparing news, Zhao Changpeng posted an article on the X platform to disclose some matters of his visit to Kyrgyzstan, including: 1. Kyrgyzstan's national stablecoin will be launched on BNB Chain; 2. The Kyrgyz Central Bank Digital Currency (CBDC) is ready to be launched; 3. Binance Academy has cooperated with 10 top universities; and 4. The Binance App has been fully localized into the Kyrgyz language.

[Ferrari plans to launch the digital token “Token Ferrari 499P”]

Comparatively, Ferrari, a world-renowned racing and sports car brand, announced plans to launch a digital token “Token Ferrari 499P” to allow fans to bid for the Le Mans Endurance Championship model, the Ferrari 499P. The token will be launched for Hyperclub members, and holders will be able to trade with each other and participate in exclusive auctions.

[Bloomberg: Since the introduction of the US regulatory bill, the share of stablecoins used for payments has surged 70%]

Comparatively, according to Bloomberg, the rate at which consumers and businesses use stablecoins (digital tokens linked to the US dollar) to make real-world purchases and payments has been rapidly accelerating since the US passed the first regulatory act targeting the cryptocurrency industry.

According to a report by blockchain data provider Artemis, stablecoin transactions for goods, services, and transfers surpassed $10 billion in August 2025, compared to $6 billion in February this year, more than double the volume traded in August 2024.

At this rate of growth, the stablecoin could reach $122 billion in annual payments, according to Artemis researchers.

[Binance hires Trump's eldest son's close friend to lobby the White House to pay the company $450,000 this past January]

Comparing news, according to Politico, the hunting partner of Trump's eldest son Donald Trump Jr. (Donald Trump Jr.), North Carolina lobbyist Ches McDowell, is becoming one of the most profitable lobbyists in Washington. Its company, Checkmate Government Relations, generated $7.1 million in revenue in the past three months alone, and the company just set up an office in Washington at the beginning of this year.

According to the disclosure report, Binance hired McDowell at the end of September to lobby for financial policy issues and “administrative relief” matters in the White House and the Treasury. Binance paid Checkmate $45 million for their work over the past month.

However, it took far more than a month for Zhao Changpeng to seek amnesty. As early as February of this year, three weeks after Trump was sworn in as President of the United States, Binance and Changpeng Zhao themselves each hired well-known cryptocurrency lawyer Teresa Goody Guillén. Trump has considered appointing her as the chairman of the US Securities and Exchange Commission (SEC). Her law firm report shows that it has received a total of $290,000 in fees from Binance and Changpeng Zhao so far this year.

Neither McDowell nor Goody Guillén responded to requests for comment.

[Yuga Labs announces collaboration with Six Studios, a subsidiary of Huang Licheng, to launch an animation series]

Comparing news, the NFT series Bored Ape Yacht Club posted on social media platforms that its parent company, Yuga Labs, and Six Studios, a subsidiary of “Big Brother Ma Ji” Huang Licheng, formed a joint venture, Bored Ape Studios, and the first project was the “Bored Ape Yacht Club” animation series.

[Vitalik: If the authenticator set is malicious, users may not be able to obtain any recourse]

Comparing news, Ethereum co-founder Vitalik Buterin issued a reminder on the X platform that one of the key characteristics of blockchain is that even if it is attacked by 51%, it is impossible to turn an invalid block into a valid block, which means that even if 51% of validators collude (or encounter software bugs), they cannot steal users' assets.

However, if you trust the validator set (validator set) to do other things, and the blockchain may not be able to control it. At this point, 51% of the validators can collude and give wrong answers, and users have no recourse.

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