- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: -2.09%
- ETH: -1.3%
- SOL: -2.36%
- BNB: -1.59%
- DOGE: -2.77%
- ZEC: -8.39%
- BAR: -0.84%
- IDEX: -3.73%
- ASTER: -2.51%
- ACM: -3.72%
24-Hour Price Increase Rankings (Data Source: OKX):
- NAVX: +1027%
- ZENT: +8.96%
- MAJOR: +8.52%
- PARTI: +6.27%
- KMNO: +2.88%
- MEMEFI: +2.52%
- KITE: +2%
- FIL: +1.76%
- CFX: +1.37%
- STRK: +1.17%
24-Hour Stock Price Increase Rankings (Data Source: msx.com):
- OKLO: +0.89%
- FLY: +0.54%
- SQQQ: +0.41%
- DFDV: +0.18%
- RGTI: +0.15%
- BE: +0.14%
- MU: +0.11%
- SOXL: +0.1%
- SBET: +0.1%
- NVDA: +0.09%
- Top 5 On-Chain Memes (Data Source: GMGN):
- HERO
- jeff
- WET
- jellyjelly
- pipin
Headlines
In an interview this week, Trump stated that his administration is actively working to attract billions of dollars in investment to the U.S. and believes that the related funds will help improve and reshape the U.S. economic structure. However, Trump also admitted that some economic policies have not yet fully taken effect, making it difficult to determine whether these measures will translate into a political advantage for the Republican Party in next fall's midterm elections.
Trump pointed out that it is still uncertain whether the Republican Party can maintain control of the House of Representatives after the midterm elections, as the election results will be influenced by multiple factors, including the pace of economic policy implementation and voter sentiment.
Negotiations on U.S. Crypto Market Structure Bill Continue, Possible Delay Until January
Negotiations in the U.S. Senate regarding the crypto market structure bill may be delayed until January due to unresolved points of contention.
The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft during a White House meeting on Thursday, hosted by Patrick Witt, a crypto advisor to President Donald Trump. The negotiations involve Senate Democrats, Republicans, the White House, and the crypto industry, with four major points of contention still needing resolution. These disputes include ethical standards for government officials' involvement in digital assets, particularly the participation of President Donald Trump, whether stablecoins should be tied to yields, and the SEC's jurisdiction over tokens and its handling of decentralized finance (DeFi).
Patrick Witt posted on X platform that the White House and Senate Republicans "are aligned in the need to protect software developers and DeFi." Despite the disagreements, the intensity and pace of negotiations remain high. Cody Carbone, CEO of Digital Chamber, stated that there is a genuine desire and motivation among all parties to complete the legislation, with actual progress expected in early next year.
Citi: Upcoming Non-Farm Payroll Report May Release More Contradictory Signals
The Financial Times analyzed that the U.S. non-farm payroll report to be released next Tuesday will include data from October and November, ultimately providing policymakers and investors with a more complete picture of the U.S. labor market, ending months of partial uncertainty. After a highly divided meeting this week, the Federal Reserve lowered interest rates to a three-year low, with several officials dissenting, focusing on whether to prioritize high inflation or a weak job market. Citi economists noted that the upcoming employment report may release more contradictory signals. The bank expects a reduction of about 45,000 jobs in October, but an increase of 80,000 in November. Citi economists stated that this rebound may be more related to seasonal data adjustments rather than a "real improvement in worker demand." They also predict that the unemployment rate will rise from 4.4% to 4.52%, while a Reuters survey of economists shows an unemployment rate of 4.4%. The Fed's own quarterly forecast indicates that the median unemployment rate is expected to be around 4.5% by the end of this year.
Crypto Derivatives Exchange Bitnomial Receives CFTC Approval to Launch Prediction Markets
Crypto derivatives exchange Bitnomial has officially announced that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to clear fully collateralized swap contracts, enabling it to offer prediction market services, which will currently focus on cryptocurrencies and economic events. Additionally, Bitnomial's clearing function can provide a broader range of clearing services to partners' prediction markets, thereby gaining liquidity for collateral between U.S. dollars and cryptocurrencies.
Suspected BitMine New Wallet Withdraws 23,637 ETH from Kraken, Worth About $73.4 Million
According to OnchainLens monitoring, a newly created wallet address withdrew 23,637 ETH from Kraken, worth approximately $73.4 million. On-chain data shows that the behavioral characteristics of this address are similar to those of the Ethereum treasury company BitMine, possibly indicating an associated wallet.
Industry News
The Prysm team released a report on the mainnet incident, stating that on December 4, during the Ethereum mainnet Fusaka period, nearly all Prysm beacon nodes experienced resource exhaustion while processing specific attestations, leading to an inability to respond to validator requests in a timely manner, resulting in a large number of missing blocks and witnesses.
The incident affected epochs 411439 to 411480, with 42 epochs in total, missing 248 blocks out of 1344 slots, resulting in a missing rate of approximately 18.5%; network participation dropped to 75%, and validators lost approximately 382 ETH in witness rewards. The root cause was that Prysm received attestations from nodes that may have been out of sync with the mainnet, which referenced the block root of the previous epoch. To verify their legitimacy, Prysm repeatedly replayed the old epoch state and executed high-cost epoch transitions, leading to resource exhaustion under high concurrency. The related defect originated from Prysm PR 15965, which had been deployed to the testnet a month ago but did not trigger the same scenario.
At the end of November this year, a cryptocurrency-related arson murder case occurred in Vienna, Austria. Local police disclosed that two suspects have recently been arrested in Ukraine. The victim was 21-year-old Daniil Kuzmin, son of Sergey Kuzmin, the deputy mayor of Kharkiv, Ukraine.
Police investigations revealed that the suspects' motive was to obtain the victim's cryptocurrency wallet password. While studying in Vienna, Daniil had disclosed his father's identity and information about the family's crypto assets to one of the suspects. Subsequently, Daniil was attacked in the underground parking lot of the Sofitel hotel in Vienna, forcibly taken away, and detained in the car for several hours, during which he was continuously beaten and tortured until he revealed the passwords to two crypto wallets.
Vienna police confirmed that large transfer records appeared in Daniil's crypto wallet afterward. After emptying his crypto assets, the suspects abandoned Daniil in the back seat of the vehicle and set the car on fire. The burned Mercedes vehicle had Ukrainian license plates and was registered in his family's name.
Exor Refuses to Sell Juventus Stake, Tether's Acquisition Offer Rejected
The board of Exor, the majority shareholder of the Italian football club Juventus, unanimously decided to reject the acquisition offer made by stablecoin issuer Tether. Exor stated in a statement that it "has no intention of selling its shares in Juventus to any third party," explicitly including Tether.
Previously, Tether proposed to acquire 65.4% of Juventus shares held by Exor in cash and stated that if the transaction was completed, it planned to invest an additional $1 billion for the club's development. Tether currently holds about 10% of Juventus shares and has repeatedly expressed a desire to play a more active role in the club's governance.
Exor emphasized that the Agnelli family, as a stable controlling shareholder of Juventus for over a century, will continue to support the club's management in executing its established strategy. Following the news of Tether's acquisition, Juventus-related token JUV surged over 32% in the past 24 hours. As of now, Tether has not publicly responded to Exor's decision.
Project News
Moonbirds Plans to Issue Token BIRB on Solana in Q1 2026, Positioned as "Web3 Version of Pop Mart"
Moonbirds' parent company Orange Cap Games CEO Spencer stated at the Solana Breakpoint conference that Moonbirds plans to issue the token BIRB on the Solana network in Q1 2026. Spencer also mentioned that the team aims to develop Moonbirds into the "Pop Mart of the Web3 industry," with a strategic focus on the development of collectible assets, including a layout of digital and physical collectibles that combine on-chain and real-world (IRL) elements.
Solana officially announced on the X platform that Solana Mobile is collaborating with chip manufacturers to introduce hardware integration kits to over 2 billion Android phones.
Rate-X Opens Airdrop Query, Snapshot Taken on December 1
The Solana ecosystem structured yield product Rate-X has opened an airdrop query, with over 42,000 addresses qualifying for the airdrop.
The snapshot was taken on December 1. Any Rate-X points obtained after the snapshot will carry over to Season 2, with the rules for Season 2 to be announced soon.
According to on-chain analyst Ai Yi's monitoring, FOLKS achieved a 24H contract trading volume of $2.35 billion on Binance, ranking third, only behind BTC and ETH. After several rounds of fluctuations, the current open interest (OI) is still $29.83 million:
Among 294 smart money traders, 65% of accounts (191) chose to go long, with a total position of $6.18 million and an average opening price of $21.88;
Meanwhile, 35% of short investors (103) hold a position of $2.57 million, with an average opening price of $15.64, mostly reflecting a holding state from low-point entries.
Investment and Financing
YO Labs Completes $10 Million Series A Financing, Led by Foundation Capital
The development team behind the yield optimization protocol YO Protocol, YO Labs, announced the completion of a $10 million Series A financing round, led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital. To date, the total financing has reached $24 million, and the company plans to use these funds to promote the protocol to more blockchains and improve its infrastructure.
Regulatory Trends
The UK Treasury is drafting new regulations aimed at bringing cryptocurrencies and digital assets under regulatory oversight. According to the legislation, cryptocurrencies will be regulated similarly to other financial products, expected to take effect in 2027. The new regulations will require cryptocurrency companies to meet a series of standards overseen by the Financial Conduct Authority (FCA).
UK Chancellor Rachel Reeves stated that bringing cryptocurrencies under regulatory oversight is a key step in ensuring the UK remains a leading global financial center in the digital age. This move will provide clear rules for businesses while offering stronger protections for consumers and excluding criminals from the UK market.
Under the proposed amendments, companies providing cryptocurrency services will fall under the FCA's jurisdiction, and their services will be regulated like other financial products, including compliance with transparency standards. These companies include cryptocurrency exchanges and digital wallets, which must register with the FCA if their services fall under UK anti-money laundering regulations.
Wang Yongli, former deputy governor of the Bank of China, wrote an article titled "Grasping the Essence, Innovating, and Accelerating the Development of Digital RMB," in which he pointed out that China is firmly promoting the development of digital RMB, and the policy orientation to curb virtual currencies is fully clear. This policy direction exceeds many people's strong expectations and still faces significant social controversy. Therefore, it is necessary to clarify the reasons for firmly curbing virtual currencies while also accelerating the innovative development and widespread application of digital RMB, quickly forming its unique advantages in international payments and paving the way for the successful development of digital currency in China.
The U.S. Securities and Exchange Commission (SEC) released guidelines for investors on crypto wallets and asset custody on Friday, systematically outlining the advantages and risks of different crypto asset storage methods. The guidelines compare self-custody and third-party custody models and remind investors to focus on whether the custody institution engages in asset rehypothecation and whether client assets are mixed.
The SEC also introduced the main differences between hot wallets and cold wallets: hot wallets face higher risks of hacking and cybersecurity threats due to their internet connection; cold wallets can reduce online attack risks, but if the storage device is damaged, stolen, or the private key is lost, it may lead to permanent loss of assets. Market participants believe that these guidelines indicate a significant shift in the SEC's regulatory attitude toward the crypto industry. Just a day earlier, SEC Chairman Paul Atkins stated that the traditional financial system is accelerating its migration to on-chain, and the SEC has approved DTCC to explore the tokenization of assets such as stocks, ETFs, and government bonds.
Voices from the Industry
The cryptocurrency market remained weak overall on Sunday, with Bitcoin falling below the $90,000 mark. The market seems to be pausing ahead of a series of macroeconomic data releases in the coming days, with investors closely monitoring various employment indicators, including unemployment rates, ADP employment data, and weekly initial jobless claims, as well as November inflation data and the yen's interest rate hike. Currently, the cryptocurrency market is still in a range-bound consolidation with low trading volume and limited market confidence. Analyst Ali Martinez pointed out that $86,000 remains a crucial price level for Bitcoin to hold; if this support level is breached, a more significant correction may occur.
Markus Thielen, research director at 10x Research, stated in a recent interview that Bitcoin's "four-year cycle" has not disappeared; rather, the core driving factors are no longer anchored to halving events. Bitcoin markets reached historical peaks in 2013, 2017, and 2021, and this year, against the backdrop of the Federal Reserve's recent interest rate cuts, Bitcoin has not regained strong upward momentum. The reason is that institutional investors have become the dominant force in the crypto market but are making more cautious decisions. With the Federal Reserve's policy signals still wavering and overall liquidity tightening, the pace of capital entry has significantly slowed, weakening the momentum needed for sustained price breakthroughs. Before liquidity improves significantly, Bitcoin is more likely to maintain range-bound consolidation rather than quickly enter a new parabolic uptrend.
Bitwise Advisor: Bitcoin OG Whales Continue to Sell, Which May Be Unfavorable for Price Increases
Bitwise advisor Jeff Park stated that the current market structure is fundamentally unfavorable for Bitcoin to experience substantial price increases. The reason is that, on one hand, Bitcoin OG holders continue to sell, while on the other hand, demand from ETFs and DAT is simultaneously slowing. For Bitcoin to break out, it must return to significantly higher implied volatility levels in a sustained manner, especially upward volatility. In November, it was stated that "it's either volatility or death," and an unusual breakout signal was shared at that time. There was hope as volatility began to rise again. However, unfortunately, implied volatility has been suppressed again over the past two weeks. From a high of 63% in late November, it has now fallen back to 44%.
Greg Cipolaro, global research director at NYDIG, stated that the tokenization of real-world assets (RWA) such as stocks brings limited direct benefits to the crypto market and blockchain networks in the initial stages. However, as accessibility, interoperability, and composability improve, its long-term value is expected to be gradually released.
Cipolaro pointed out that in the short term, the main benefits for blockchain networks come from transaction fees generated by tokenized assets and the network effects accumulated from custodial services for these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, their use as collateral, lending assets, or trading targets in DeFi scenarios will significantly enhance the benefits for related networks.
He believes that tokenization is becoming an important trend. As the regulatory environment gradually clarifies and infrastructure continues to improve, the use cases for RWAs such as stocks on-chain are expected to expand. However, currently, the forms of tokenized assets vary widely, and most still rely on compliance structures within the traditional financial system, such as KYC, whitelisted wallets, and transfer agents, which limits their composability.
Cipolaro also noted that although the current economic impact on traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve broader democratized access, their coverage and on-chain value capture capabilities will significantly enhance, making it worthwhile for investors to continue paying attention.
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