Projects:
Pump.science wallet key pair leaked, wallets marked as URO and RIF on pump.fun were attacked and issued counterfeit tokens;
Base ecosystem AI-related meme speculation is hot, leading assets have seen nearly hundredfold increases from their lows;
Binance Labs announces investment in Astherus and new staking infrastructure on BNB Chain Kernel
Justin Sun appointed as advisor for the crypto project WLFI supported by Trump
The Movement Network Foundation announces MOVE tokenomics: The total supply of MOVE tokens is 10 billion, with an initial circulation of about 22%. 60% of the total supply will be allocated to the community, including ecosystems and communities, foundations, and initial claims. MOVE tokens will gradually unlock over 60 months, and teams and investors will not be able to participate in staking initially. The Movement Network Foundation states that MOVE tokens will have a TGE on the Ethereum mainnet. After the mainnet goes live (coming soon), MOVE holders can migrate cross-chain to the Movement Network. The Gas fees of the Movement Network will be settled in MOVE, and the use cases of MOVE tokens include: economic security staking, Gas fees, governance and decentralization, and the native assets of the Movement Network.
Ripple is expected to receive approval from the New York Department of Financial Services to issue the stablecoin RLUSD, which may launch on December 4;
Data:
Bitcoin and Ethereum spot ETFs set single-month net inflow records of $6.5 billion and $1.1 billion in November, respectively
This week, US Bitcoin spot ETFs saw a net outflow of $134 million, with a trading volume of $18 billion.
This week, the net inflow of US spot ETFs reached $466 million.
Big names:
Musk: xAI will establish an AI gaming studio to make gaming great again
Wintermute has 64% of tokens in the top 25 meme coin holdings listed on Binance: tokens not yet listed on Binance include: PEPECOIN, APU, SPX, COQ, MANEKI, michi, MOTHER, REKT, BENJI
Tencent talks to Vitalik: The world should not fall into the power kingdom ruled by AI
Pantera founder reminisces: 10 years ago we bought 2% of the world’s BTC, now we have realized a thousandfold return
As BTC skyrocketed to unprecedented levels this month, at least 12 previously unrelated publicly listed companies announced plans to buy Bitcoin (BTC) to use as a medium for storing idle cash—indeed, profits have been substantial recently.
Matrixport: Bitcoin ETF inflows hit record high, confidence is booming at the $100,000 mark
Macroeconomics:
Monday:
Data: US November S&P Global Manufacturing PMI final value, US November ISM Manufacturing PMI, US October construction spending month-on-month rate. 2.
Tuesday:
Data: US October JOLTs job openings.
Event: Fed Governor Waller gives a speech;
FOMC permanent voting member, New York Fed President Williams participates in a dialogue hosted by the Queens Chamber of Commerce.
Wednesday:
Data: US November ADP employment numbers, US November S&P Global Services PMI final value, US November ISM Non-Manufacturing PMI, US October factory orders month-on-month rate.
Event: Fed Governor Cook speaks on labor market and monetary policy; ECB President Lagarde gives introductory speech at European Parliament Economic and Monetary Affairs Committee hearing; 2025 FOMC voting member, St. Louis Fed President Bullard gives a speech.
Thursday:
Data: US initial jobless claims for the week ending November 30, US October trade balance.
Event: Fed Chairman Powell is invited to be interviewed at the DealBook/Summit conference hosted by the New York Times; the Fed releases the Beige Book on economic conditions.
Friday:
Data: Eurozone third quarter GDP year-on-year revised value, Eurozone third quarter seasonally adjusted employment rate final value;
US November unemployment rate, US November seasonally adjusted non-farm payrolls, US November average hourly wage year-on-year and month-on-month; US December one-year inflation rate expectation initial value, US December University of Michigan consumer sentiment index initial value.
Event: 2024 FOMC voting member, Richmond Fed President Barkin gives a speech; Fed Governor Bowman speaks.
Saturday:
Event: FOMC voting member, Cleveland Fed President Mester speaks on economic outlook;
2024 FOMC voting member, San Francisco Fed President Daly gives a speech.
Regulation:
Hong Kong Zhong An Bank becomes the first bank in Asia to provide cryptocurrency trading services to retail investors
Market news: US court rules sanctions against Tornado Cash smart contracts illegal [positive for privacy assets]
CBOE plans to launch its first cash-settled options product related to spot Bitcoin on December 2
Market:
Bitcoin has not effectively broken through 100,000; it pulled back to around 91,000 for a rebound, and the medium-term still maintains last week's judgment;
ETH has started to rise after shedding a bunch of criticism, with a chance of reaching new highs within the year;
Altcoins:
SUI system cooling down, after a pullback it will welcome an effective entry point;
Meme cooling down: Squirrel, ACT rebound at expected levels, will test the support strength of the lower platform, subjective expectations will enter the phase of killing retail investors;
AI sector gaining momentum: AI agents stand out, leading assets nearing hundredfold; old leaders like WLD and FET also see good rebounds;
E series severely undervalued, staking, old DEFI (CRV, etc.), all have seen increases;
The ETF expectations remain strong, with Ripple being the most prominent, leading a rally in some old mainstream assets;
Unlock:
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 PM Beijing time on December 4, accounting for 0.45% of the current circulation, valued at approximately $10.58 million;
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 AM Beijing time on December 6, accounting for 0.05% of the current circulation, valued at approximately $21.49 million;
Jito (JTO) will unlock approximately 135 million tokens at 12:00 AM Beijing time on December 8, accounting for 103% of the current circulation, valued at approximately $507 million;
