Prediction markets are developing rapidly. Kalshi has partnered with CNN to provide real-time event probability data, attracting attention and driving industry trading volume to exceed $45 billion. Although the market outlook is promising, Kalshi faces a lawsuit accusing it of unlicensed sports betting, highlighting regulatory challenges in the mainstreaming process.

[BlockBeats] From last night to this morning, the crypto market finally made a comeback. Bitcoin once surged back to $92,000, and Ethereum also returned above the $3,000 mark, basically recovering the ground lost during the "1201" flash crash.
This rebound came on strong, backed by several major news events.
First, regarding institutional moves—the world’s second largest asset management company, Vanguard, made a groundbreaking decision to open up trading of spot Bitcoin ETFs. It's worth noting that this long-established firm has always been known for being prudent and conservative, and this time they’re opening the doors directly to 8 million self-directed users, which is no small signal. In addition, Bank of America also stated that it recommends investors allocate 1%-4% to digital assets. The shift in traditional finance's attitude is quite evident.
There’s also movement on the policy front. At a press conference, Trump implied that Hassett would take over as Fed Chair, and also took a shot at Powell, saying he should cut rates. The market is now generally betting that this crypto-friendly dove will take the position.

[Chain News] A leading exchange has officially announced that DASH Perptual Futures are coming.
The specific time is set for December 4th, and trading is expected to open after 9:30 AM UTC - of course, this depends on whether the liquidity is strong enough.
Retail players can directly get started through the advanced trading interface, while institutions use international trading channels. It is worth noting that this opening has regional restrictions, and not all places can participate.
The established anonymous coin DASH has finally obtained a contract entry ticket, providing traders who want to engage in both long and short operations with an additional option.

XRP has shown fluctuations recently, with the price rebounding to $2.02 after falling below $2, but the intraday decline is 1.28%. Although on-chain data shows that Large Investors continue to buy, Whale Wallet open interest has reached a seven-year high, the technical indicators appear weak, facing support pressure, creating a range-bound situation.

[Chain News] Recently, a leading compliance platform has been quite active, adding five projects to its coin listing candidate list all at once.
The projects involved this time include Humidifi (WET), zkPass (ZKP), Plume (PLUME), Hyperlane (HYPER), and Jupiter (JUPITER). The covered public chains are quite extensive, including Solana, Ethereum, and Base.
However, we are still in the roadmap stage, and we have to wait for the market makers to be in place and the technical integration to meet these prerequisites before trading can actually begin. The platform has stated that we will need to wait for further notice regarding the specific date for trading. Those interested in these coins can keep an eye on it, as they might suddenly go live one day.

[Coin World] ALT 5 Sigma Corp. recently got into trouble - because they did not submit their homework (quarterly report 10-Q) on time, Nasdaq issued them a "yellow card warning".
Here's the thing: This company was supposed to submit its quarterly report by September 27 last year, but it delayed and didn't submit it. Now the exchange has given a final deadline: they need to come up with a rectification plan by January 20 next year, and if there are special circumstances, they can delay it until May 18 to submit the report.
However, there is some good news - it temporarily does not affect stock trading, and investors can still buy and sell normally. But if this situation drags on, it may become difficult to say what will happen next.

【Coin World】Aave's recent move is quite aggressive—directly migrating the V3 protocol to the Mantle Network, specifically targeting the institutional-level lending market on Layer-2, with mainstream assets like ETH, USDC, and USDT all included.
But the more explosive news is yet to come: their governance team has been taking frequent actions recently, directly planning to cut off the unprofitable chains like zkSync, Metis, and Soneium, and even Polygon and Optimism, which have shown poor performance, are being targeted – preparing to increase the reserve ratio to put a stop to them. The harshest rule is that from now on, if you want to play in the Aave ecosystem, you must guarantee at least $2 million in annual revenue; otherwise, there's no negotiation.
To put it simply: DeFi lending also needs to talk about profits; the era of burning money for expansion is over. Liquidity is important, but cash flow is more tangible.

[Coin World] Trump recently made another statement, indicating that he will announce the new Fed chair candidate at the beginning of next year. He is quite optimistic, believing that inflation will soon drop to an ideal level.
However, he has some criticisms of the current chairman Powell, stating that he did not cut interest rates when it was time to do so. Interestingly, he previously wanted Scott Bessen to take this position, but the latter politely declined.
This matter has a significant impact on market sentiment—the Fed's monetary policy direction directly relates to liquidity and the pricing of risk assets. The crypto market has always been sensitive to interest rate cut expectations, let's see if there will be any new moves next.

[Coin World] DOT has been pumping quite aggressively recently, shooting up to $2.26 within a day, rising by 13%. More importantly, the Trading Volume has also increased, being over 30% more active than usual.
From a technical perspective, this time it has truly broken through the long-held range of 2.00-2.15 dollars. The trading volume during the breakout surged nearly twofold, and such a volume breakout generally indicates that large funds are entering the market.
Now that the position of 2.05 has stabilized, a short-term pullback is likely to stop here. If it can hold this level, the psychological barrier of 2.30 should not be far off. Let's see if it can make a strong push upward.

The pioneer group managing astronomical digital assets in the 【币界】 has made a 180-degree turn this time.
Starting this Tuesday, this established asset management giant has officially opened a gateway to its more than 50 million brokerage users—those primarily investing in ETFs and mutual funds that allocate Bitcoin, Ethereum, Ripple, and Solana can now trade freely on their platform. It is worth noting that Vanguard had previously maintained a rather cautious distance from cryptocurrencies.
Hunter Horsley, the boss of Bitwise, remains calm. He observes that the market reaction is lukewarm, which he believes indicates a cautious sentiment at present. However, he quickly shifts his tone and throws out a more important judgment: "Cryptocurrency is rapidly entering the mainstream world at a visible pace." This signal may be more worth pondering than short-term price fluctuations.

The price of DOGE has shown significant Fluctuation recently, having risen from $0.1324 to $0.1374 before experiencing a big dump, resulting in heavy losses for short positions. Volume has decreased by 20.95%, and on-chain activity has dropped to a 60-day low. ETF inflows have also significantly decreased, and market sentiment has rapidly shifted.

[Blockchain Rhythm] has just monitored that Tether has newly minted 1 billion USDT on the Tron network. This round of issuance is directly on-chain, and the on-chain data is clearly visible. Is another wave of large stablecoin injection coming, bringing market liquidity?

[Crypto World] Recently, CZ has spoken out again. The founder of Binance believes that the crypto market is about to break through its existing high points, and new historical records may appear soon. It seems that old Zhao is quite optimistic about the future market; it remains to be seen whether this wave will drive market sentiment.

[Chain News] Ethereum Mainnet's gas fees have hit a new low!
Now the transfer fee is only $0.02, and the Gas is as low as 0.1 Gwei. Do you remember the days when the transaction fees would easily reach dozens or even hundreds of dollars? That painful feeling is finally over.
I took a glance at the fees of several mainstream L2s:
• Transfer 0.004 USD on ARB
• OP is $0.006
•

On Tuesday, the U.S. stock market opened well, with all three major indices in the green.
The Dow Jones Industrial Average opened up 132.74 points, an increase of 0.28%, standing at 47,422.07 points; the S&P 500 opened up 19.1 points, an increase of 0.28%, reaching 6,831.73 points; the Nasdaq Composite performed even stronger, opening up 94.9 points, an increase of 0.41%, hitting 23,370.82 points.
The warming of risk sentiment in traditional markets often has a positive impact on the cryptocurrency market.

[On-chain] An "undefeated war god" has emerged on-chain - Wallet Address 0xFC78 has had a remarkable performance recently. In the past 11 days, this trader has made 9 transactions, each one precise, and currently maintains a 100% win rate record, with a total profit of 2.12 million dollars.
What's even more shocking is that this expert has just opened a massive position: shorting 500 BTC with 40x leverage, making the contract worth as much as $43.88 million at the current price. However, the risk is also apparent—if the price of Bitcoin hits $93,392.53, this position will be forcibly liquidated.
Using such high leverage to go all in on a short position means either you have absolute confidence in the market trend or you're just playing with fire. Anyway, everyone is watching this Address now, to see if this "perfect record" can continue.

[Coin World] I looked at the recent 4-hour line of BTC, and the trend is quite interesting. Since December 1st, it has been recovering losses, and this morning it directly broke through the high point of 4 o'clock, with long positions completely swallowing short positions. The last bullish line closed quite steadily, with the closing price exceeding the opening price.
However, there is a detail to note - the trading volume is shrinking. Prices are rising, but the volume cannot keep up, and this divergence usually indicates that the upward momentum may not be strong.
In terms of technical indicators: the MACD currently has no clear direction. Although the histogram is still below the zero axis, the negative values are narrowing, indicating that the bearish strength is weakening. The KDJ value is stuck at 20, with neither a golden cross nor a death cross, falling in the neutral to weak area.
Specific point reference:
- For long positions, you can look around 84677, being aggressive at 84039 is also fine, with a stop loss set at 84254.
- The target level above 92362 is the first resistance, if it can break through, 93592 can be expected.
- In case of a short positions, it's best to place the stop loss at

[CoinWorld] On December 2, Coinglass data revealed an interesting signal - the funding rates of mainstream exchanges and decentralized platforms have collectively decreased, indicating a明显 bearish market sentiment.
The funding rate is quite an interesting indicator. It is essentially a game of capital exchange between long and short positions in perpetual contracts, where the platform does not take a cut, relying purely on this mechanism to prevent the contract price from decoupling too far from the spot price.
How to look at this number? To put it simply:
- 0.01% is a watershed, considered a neutral state in the market.
- If it's above this number, it indicates that there are more long positions, and they have to pay the shorts.
- Below 0.005%, this is the current situation - shorts are in the lead, while longs can actually make money.
Currently, the funding rates for major coins are generally low, indicating that the short-selling pressure in the market is stronger. In this situation, the cost of holding long positions has actually decreased, but the problem is that everyone is pessimistic about the future market, and this signal itself is...

APT has recently risen by 2.4% to $1.90, with the trading volume exceeding the monthly average by 40%, indicating accumulation by institutions. On the technical side, $1.88 serves as support, while $1.91 is resistance. If the active trading volume continues, there is hope for a breakout above $1.92.

[Coin World] Token Cat's board of directors recently approved a rather aggressive plan - preparing to invest up to 1 billion US dollars into encryption assets. The investment will be made in batches, not all at once.
The direction they are focusing on is quite interesting: primarily targeting AI-related coins, as well as new ways of mixing coins with equity. It sounds like they want to bet on those projects that are still in the early stages but could potentially change the game.
The specific person executing this is the new COO Sav Persico. This guy's approach is to treat cryptocurrency as a long-term asset reserve, rather than the short-term trading strategy.
There is no sloppiness in risk control; a special committee has been established, led personally by the CFO. After all, one billion dollars is not a small amount, and someone must oversee how the assets are allocated and how the governance rules are set.
Look at this situation, another institution is ready to enter the market with a heavy investment.