According to a report by Michael Brown, a senior research strategist at Pepperstone, the rise in US unemployment should be enough reason to solidify the Fed's 25 basis point rate cut next week. In November, non-farm employment in the US was 227,000, higher than the analyst expected 214,000 in the Wall Street Journal survey, but the unemployment rate rose from 4.1% announced last Friday to 4.2%. If Fed policymakers are concerned about Trump's early presidency obstructing the inflation rate or pot
Dr. Wu Jinduo, an economist, wrote in Hong Kong's Ta Kung Pao that the measurement of the value of cryptocurrency is still based on the US dollar. As a decentralized payment method that is different from traditional fiat currency, it is a supplement to the traditional fiat payment function. From this perspective, cryptocurrency has some currency properties and characteristics of the US dollar. Since cryptocurrency is not yet a pricing currency, nor a globally recognized reserve asset, its value
On December 9th, Ripple Labs CEO Brad Garlinghouse discussed the impact of the political action committee on the US presidential election. He stated that if US SEC Chairman Gary Gensler does not actively regulate cryptocurrency, the Fairshake political action committee, which is primarily funded by the cryptocurrency industry, may not exist during the 2024 US election. He pointed out that Fairshake is a joint response to the "cryptocurrency war" because during Gensler's tenure, the SEC has signi
Bloomberg reported that since Donald Trump was elected as the President of the United States, the American exchange-traded funds (ETFs) that directly invest in Bitcoin have attracted nearly $10 billion in capital inflows. People are betting that Trump's embrace of the cryptocurrency industry will signal market prosperity. According to Bloomberg data, a total of 12 funds launched by issuers including BlackRock Inc. and Fidelity Investments have accumulated a net inflow of about $9.9 billion, incr
Sushi 2025 Product Roadmap: New on-chain order book Susa and other products will be launched
According to a report, Sushi CEO Jared Grey has released the 2025 product roadmap. The plan includes launching products such as Wara (a comprehensive trading experience on Solana), Susa (a new on-chain order book for Sushi), Kubo (a new contract primitive tool for Sushi Labs that guides new markets through delta-neutral strategies), Blade (a new LVR AMM solution that eliminates MEV for blue-chip assets), and SushiSwap Aggregator (which is already in production, but the team plans to expand its d
according to on-chain information, Jesse Pollak, the person in charge of the Base protocol, bought CULT for 0.333 ETH through his address jesse.xyz. Earlier today, Milady founder @CharlotteFang77 announced the TGE of the pre-sale Meme project CULT. As of the time of writing, the market value of CULT is reported to be 677 million US dollars. #BTC
According to SlowMist hacker database, last month's Web3 security incidents resulted in a total loss of approximately 86.24 million US dollars. Among them, 21 hacking incidents caused losses of approximately 76.86 million US dollars, of which "25.5 million US dollars have been recovered". The main reasons for these incidents include smart contract vulnerabilities, account leaks, and price manipulation. In addition, in November, 9,208 victims became victims of phishing attacks, with "total losses
According to SoSoValue data reported, the net inflow of Ethereum spot ETF reached a historical high of $837 million in the week of December 2nd to December 6th (Eastern Time). Grayscale's Ethereum Trust ETF ETHE had a net outflow of $101 million last week, with a historical net outflow of $3.47 billion. The Ethereum spot ETF with the highest net inflow last week was Blackrock's Ethereum ETF ETHA, with a weekly net inflow of $573 million and a historical total net inflow of $2.68 billion. Fidelit
the cryptocurrency market has experienced a pullback, with most cryptocurrency sectors experiencing a 24-hour decline of about 1.5% to 3%. Among them, the CeFi, L1, AI, and PayFi sectors, which were relatively strong last week, saw a more significant pullback, with a 24-hour decline of about 3%. The CeFi sector saw a decline of 2.84%, with BNB falling 3.61% within the sector and Cronos (CRO) falling 3.33%; the L1 sector saw a decline of 2.81%, with Solana (SOL) falling about 3.83% and Cardano (A
Isaac Boltansky, head of policy research at BTIG, said that the US Securities and Exchange Commission (SEC) is about to undergo personnel changes. If approved by the Senate, Paul Atkins will replace Gary Gensler for a five-year term. However, Isaac Boltansky warned that despite the personnel changes at the SEC, there will still be "jurisdictional disputes" in the future. He pointed out that the agency and the US Commodity Futures Trading Commission sometimes have disputes over cryptocurrency reg
Citi: Yoon Seok-yeol's impeachment may affect South Korea's economic confidence, national budget and
According to Jin Zhenxu and Cui Zhou, economists at Citigroup, increasing long-term political uncertainty surrounding the impeachment of South Korean President Yoon Seok-yeol may weaken overall economic confidence and discretionary spending. They noted that if the South Korean legislature fails to pass the 2025 national budget in December, the likelihood of the Bank of Korea making consecutive interest rate cuts in January will increase. They also added that political developments may prompt mor
according to Scam Sniffer monitoring, stolen funds from DEXX are currently being transferred to Tornado Cash, with approximately 1000 ETH already deposited. #pepe
According to a report, Jubilee Royalty founder and CEO Tim Kotzman posted on X that the National Center for Public Policy Research (NCPPR) has submitted a shareholder proposal to Amazon for consideration at the 2025 annual shareholder meeting. The proposal suggests that Amazon discuss whether to include Bitcoin in its financial reserves strategy and recommends investing at least 5% of total assets. Currently, the SEC website does not list any related documents, and Tim stated that this proxy sta
Christine Kim, Vice President of Galaxy Research, summarized and shared the 201st Ethereum Core Developer Execution (ACDE) conference call. Ethereum (ETH) is one step closer to finalizing the agenda for Pectra (Prague-Electra), which is the most important update for Ethereum since The Merge. It is reported that the Ethereum ACD consensus meeting also approved a key EIP-7691 proposal for blob. This means that the increase in blob throughput will be included in the 2025-2026 Ethereum hard fork Pec
Lookonchain monitoring shows that a whale withdrew 390,230 LINK (worth $9.68 million) from Binance and deposited it into Aave 9 hours ago. Then, they borrowed 4 million USDT from Aave and deposited it into Binance, possibly to buy more LINK. #BTC
According to a report, Circle co-founder and CEO Jeremy Allaire said in an interview with Coindesk that cryptocurrency will never go backwards and will become a ubiquitous infrastructure around the world, just like the infrastructure that has expanded the internet since 2004. #ETH
According to a report, Whale Alert monitoring shows that about 2 minutes ago, 11,000,000 XRP ($28,100,828) was transferred from Upbit to an unknown wallet. #Binance
According to HODL15Capital monitoring, as of December 7, the top 15 entities holding Bitcoin include IBIT, Grayscale GBTC and BTC, MSTR, FBTC, ARKB, BITB, MARA, HODL, Tesla, Coinbase, HUT, BRRR, SQ, Tether, and CLSK. The top three in terms of ranking are: BlackRock IBIT: holding 523,735 BTC; Microstrategy (MSTR): holding 402,100 BTC; Fidelity FBTC: holding 212,385 BTC. #DYOR42711
the market shows that DOGE has reached $0.4789, with a 24-hour increase of 10.2%. Its market value has also exceeded $70.3 billion, reaching a new high since mid-May 2021. In addition, the total network trading volume of DOGE in the past 24 hours has reached $11.4 billion. #binancepizza