Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 93,330.0 | -0.14% |
| Ethereum (ETH) | 3,196.99 | +0.23% |
| Bitcoin Spot ETF | -13.44M | Net Outflow |
| Ethereum Spot ETF | +140.20M | Net Inflow |
| Nasdaq (NAS100) | 25,614.1 | +0.05% |
| S&P 500 (SPX) | 6,849.71 | +0.30% |
| Russell 2000 (RUT) | 2,513.4 | +0.05% |
| U.S. Dollar Index (DXY) | 98.620 | +0.12% |
| VIX Volatility Index | 16.08 | -3.07% |
| U.S. 10-Year Yield | 4.06133 | -0.62% |
| Brent Crude Oil (BRENT) | 63.561 | +0.48% |
| LBMA Gold (XAU) | 4,188.87 | -0.33% |
| LBMA Silver (XAG) | 57.389 | -1.73% |
Today’s Key Events
- US Initial Jobless Claims
- FOMC Member Bowman to Speak
US Treasury Secretary Bessent: Emergency Plans Prepared for Tariffs
Bessent stated that alternative legal powers could be used regarding tariffs, regardless of the Supreme Court’s decision. He indicated that additional powers, such as Section 232 of the 1962 Trade Expansion Act, could be invoked if necessary. He also said that if Trump appoints Hassett as Fed Chair, he is considering moving into a dual role as NEC Director. The market expects the decision on tariffs to be announced at the end of December.
Trump’s CFTC and FDIC Nominees Move Forward in Approval Process
The Senate is moving forward with the appointment process for Mike Selig as CFTC Chairman and Travis Hill as FDIC Chairman. Both are known for their crypto-friendly profiles and will play a critical role in the future of crypto market regulation in the US. Selig will lead the implementation of crypto regulations as the sole commissioner of the CFTC as soon as he takes office. Hill, meanwhile, advocates for the removal of previous restrictions on banks working with crypto.
Japan Announces It Will Maintain Its Current Stance on Taiwan
Takaichi Sanae emphasized that the government’s Taiwan policy is fully in line with the Japan-China Joint Declaration. She stated that the statement in the declaration that “Taiwan is an inseparable part of the territory of the People’s Republic of China” remains valid. She underscored that there has been no change in this stance during the parliamentary session.
Putin’s Economic Advisor: Cryptocurrency Should Be Included in Russia’s Trade Balance
Oreshkin said that cryptocurrencies are increasingly being used in foreign trade payments and that this has a real impact on the foreign exchange market. He noted that Bitcoin mining is a largely underestimated but important export sector. He said that Russian companies have invested over $1.3 billion in mining and that the government is moving to integrate cryptocurrency into the trade framework.
ADP Employment Data Turns Negative, Falling Short of Expectations
November ADP employment in the US came in significantly below expectations of +50,000, at -32,000. Small businesses laid off 120,000 people, the largest decline since May 2020, which was the main reason for the weakness. Although the education-health and entertainment-accommodation segments remained in positive territory, the data signals a clear cooling in the labor market. This picture reinforces expectations that the Fed will cut interest rates by 25 basis points in December.
Bloomberg: Wall Street Believes the Impact of Stablecoins is Overstated
Following the GENIUS Act, institutions are divided on whether stablecoins will increase demand for dollars and purchases of short-term bonds. Giants such as JPMorgan and Goldman Sachs state that stablecoins should not yet be seen as a “game changer.” This assessment reflects a cautious stance on the financial impact of stablecoins, despite the size of the stablecoin market.
JPMorgan: Strategy Inc. Stock Already Pricing in MSCI Risk
According to JPMorgan, Strategy Inc.’s stock has already largely priced in the risk of being removed from the MSCI index. Although exclusion from the index would lead to passive fund outflows, analysts believe this could paradoxically be a positive catalyst. The company’s holding of approximately $60 billion worth of Bitcoin and low cash reserves are increasing market concerns about the possibility of selling pressure.
Ethereum Foundation: Mainnet Issue Resolved in Prysm Client
The Ethereum Foundation announced that nodes need to be reconfigured to resolve an issue identified in the Prysm consensus client. The Prysm team quickly released a patch, stating that users only need to add the signer node. Nodes using other clients were not affected by this issue.
SEC Postpones Controversial Short Position Reporting Rule to 2028
The SEC has postponed the enforcement of short sale and securities lending reporting requirements for the second time. The short sale reporting obligation for large funds has been postponed to January 2, 2028, and the lending transaction reporting obligation to September 28, 2028. This delay indicates that the regulations will be implemented later than planned, despite intense debate in the market.
Aave Deposits on Aptos Surpass $75 Million
According to official data, Aave’s total deposits on the Aptos network have surpassed the $75 million mark. The platform’s growth indicates that Aave’s multi-network strategy is expanding successfully.
XRP On-Chain Activity Reaches Record Levels
According to CryptoQuant, XRP’s on-chain activity has increased significantly, reaching record levels. This surge indicates increased liquidity, investor participation, and stronger whale activity.
DACM Withdraws 15,000 HYPE Tokens from FalconX
According to Nansen data, Digital Asset Fund Management transferred 15,000 HYPE tokens, worth approximately $525,000, to its wallet. The fund’s total HYPE position has exceeded $1 million.
Circle Mints 500 Million USDC on Solana
Whale Alert data shows that Circle minted a total of 500 million USDC on the Solana network in two transactions within a short interval. This increase indicates that stablecoin liquidity on Solana is rapidly rising.
Uniswap Founder: DeFi Developers Cannot Be Regulated by Centralized Rules
Hayden Adams stated that some traditional institutions are pressuring DeFi developers to comply with the same regulatory standards as centralized entities. He emphasized that DeFi’s open-source and peer-to-peer structure is incompatible with these demands. Adams noted that centralized market makers dislike these technologies because they increase competition.
Arkham Launches Multi-Chain “Arkham Swap” Feature
Arkham has launched a new Swap module that supports direct token swaps on Ethereum, Base, BNB Chain, Polygon, and Optimism. The system aggregates prices from multiple DEXs to enable transactions at the best price. Users can access it via their Arkham account or Arkham CEX.
BNB Chain Launches Predict, a Yield-Generating Prediction Platform
CZ announced the launch of the Predict platform, developed by former Binance employees and supported by YZiLabs. The platform features a unique model that enables funds used in predictions to generate yield simultaneously. The Predict team stated their goal is to position BNB Chain as a leader in the global prediction market.
