📣 Macro US:

⚫ PPI US [November]:

(Producer Price Index / Industrial Inflation)

🟠M/M: 0.4%, forecast was 0.2%, previous 0.3%.

🟠Y/Y: 3.0%, forecast was 2.6%, previous 2.6%.

⚫ Initial Jobless Claims:

🟠 242K, forecast 221K, previous 225K.

📝 In the meantime:

• Argentine President Javier Milei announced his policy plan for the second year, stating that he plans to implement a policy of free currency circulation in 2025, allowing people to use multiple currencies, including Bitcoin, for transactions.

• Avalanche raised $250 million through a private token sale. Leading investors—Galaxy Digital, Dragonfly, and ParaFi Capital—were joined by more than 40 other firms, including SkyBridge and Morgan Creek Digital. On December 16, Avalanche will launch the 'Avalanche9000' update, which promises to significantly reduce the costs of launching blockchains in the ecosystem.

• Grayscale will launch Optimist Trust.

• A hacker exploited a vulnerability in Dogecoin and took down 69% of nodes.

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