Digital asset market maker Wintermute released a report stating that the current cryptocurrency market is undergoing deep consolidation, with liquidity recycling being the core driver. Funds are withdrawn from high-risk assets, concentrated in Bitcoin and Ethereum, and investors tend to "take risks at the right time."

Tidal Trust has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the industry's first "Bitcoin AfterDark ETF" (Bitcoin AfterDark ETF), which aims to capture Bitcoin's price fluctuations during non-trading hours in the United States. The product is designed to hold Bitcoin only at night, while switching to Treasury bonds and money market funds during the day to improve the overall return-risk ratio. According to the application documents, the overnight ETF will buy Bitcoin after the US stock market closes and sell quickly after the opening of the next day. Daytime assets are allocated to low-risk instruments such as U.S. Treasuries and cash. While the ETF may be full of Bitcoin overnight in terms of overnight nominal positions, its capital structure is more defensive during the day.

Bitcoin regained its footing at $92,000 after more than $2 billion in liquidations, and the market focus quickly retracted from altcoins to mainstream assets such as Bitcoin (BTC) and Ethereum (ETH). The increase in capital concentration indicates that investors prefer high-certainty head crypto assets under the current macro uncertainty. In terms of market capitalization performance, Bitcoin's market share is stable at about 59.11%, while Ethereum's remains at around 12.80%, showing a very narrow range of fluctuations. The latest report from Wintermute shows that both retail and institutional funds have rarely flowed into BTC and ETH at the same time, reflecting increased risk aversion in the market, with investors preferring to take selective risk exposure rather than chasing the high volatility of altcoins.

According to a CNBC survey, although 84% of respondents expect Hassett to take over as Fed chairman, only 11% think he is suitable. Most are worried about Hasset's independence and policy implementation, with 76% believing that the next chairman will be more dovish and 51% worried that he will cater to the president's wishes.

At the recent Bitcoin MENA conference, Michael Saylor made it clear that Strategy (MSTR) will not issue perpetual preferred stock (“digital credit”) in Japan within the next 12 months, stating that the “12-month head start” will be left to Japanese listed company Metaplanet. This move has drawn more attention to Metaplanet’s strategy in the Japanese perpetual preferred stock market, which has long been inactive, with only five companies in all of Japan currently qualified to trade perpetual preferred stock. Metaplanet CEO Simon Groverich pointed out that the company plans to enter this market with two new products, “Mercury” and “Mars,” becoming the sixth and seventh companies in Japan to issue perpetual preferred stock. Among them, Mercury is positioned as the Japanese version of Strategy STRK, with an annualized yield of 4.9%, denominated in yen and convertible, which is much higher than the generally less than 0.5% yield of Japanese bank deposits and money market funds. Mercury is currently in the pre-IPO stage, with the goal of listing in early 2026. The second product, Mars, models Strategy’s short-term high-yield credit product STRC, targeting investors seeking short-term returns.

According to Jinse Finance, Tether is supporting the development of a new type of industrial humanoid robot that will take on dangerous and physically demanding jobs in factories and logistics centers. The stablecoin issuer, together with AMD Ventures, an Italian state-backed artificial intelligence fund, and other investors, participated in a €70 million financing round for Generative Bionics, a new spin-off from the Italian Institute of Technology. This company, founded just a year ago, is developing "physical AI" humanoid robots designed to operate in environments built for humans, handling heavy lifting, transportation, and repetitive tasks that are difficult for traditional robotic arms to perform. For Tether, this investment is part of a strategy described by its CEO Paolo Ardoino as a "shift towards supporting digital and physical infrastructure."

Jupiter announces the relaunch of the $WET token public sale, allocating 30 million tokens, accounting for 3% of the total supply. Each token is priced at 0.069 USDC, with a wallet limit of 500 USDC. The sale will take place on December 8. Token claiming will go live on December 9.

The latest annual report from South Korea's Korbit Research Center predicts that Bitcoin will reach the $140,000 to $170,000 range in 2026. It highlights that the core drivers behind the price increase are US fiscal reforms, structural institutional demand, and a strong US dollar environment, rather than the traditional four-year halving cycle. The research team proposes a new macro-driven theory, emphasizing that improvements in US productivity and an expansion in capital expenditure have significantly enhanced Bitcoin’s impact. The report identifies “a strengthening US dollar, a potential gold pullback, and increased institutional allocation to Bitcoin” as the three key driving factors. ETFs and Digital Asset Treasuries (DATs) are rapidly absorbing market liquidity, and as of November 2025, the two combined will hold 11.7% of Bitcoin’s supply. The “One Big Bill” (OB3), expected to take effect in July 2025, will restore 100% bonus depreciation and immediate deduction of R&D expenses, potentially lowering the effective corporate tax rate to 10%-12%. Korbit believes this will attract overseas capital to the US and sustain the US dollar’s long-term strength.

ChainCatcher news, according to Jinshi reports, JPMorgan strategists stated that as investors take profits, the recent stock market rally may stall after the Fed's anticipated rate cuts. Positive signals released by policymakers have fueled continued bets, helping lift the stock market. JPMorgan strategists remain bullish in the medium term, believing that a dovish Fed will support the stock market. At the same time, sluggish oil prices, slowing wage growth, and easing US tariff pressures will allow the Fed to loosen monetary policy without exacerbating inflation.

The Supreme Court of British Columbia, Canada, has approved the forfeiture of cash and gold worth approximately $1 million linked to QuadrigaCX co-founder Michael Patryn, transferring ownership to the provincial government. This action is regarded as the province's largest and most significant enforcement operation to date under the "Unexplained Wealth Order" (UWO) framework, highlighting the region's stringent crackdown on money laundering activities and assets of unknown origin. According to the Vancouver Sun, Patryn did not contest the forfeiture order, allowing the court to proceed with liquidating the assets previously seized. These assets include 45 gold bars, luxury watches, jewelry, and over $250,000 in cash. Court documents obtained by CoinDesk indicate that the civil forfeiture judgment will officially take effect in September 2025, granting British Columbia full ownership of the items seized in March 2024.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, TAKE (OVERTAKE) is trading at $0.35, up 28.07% in the past 24 hours, reaching a high of $0.36 and a low of $0.27, with a 24-hour trading volume of $45 million. The current market capitalization is approximately $61.9 million, an increase of $1.36 million compared to yesterday. OVERTAKE is a peer-to-peer game asset trading platform on the Sui blockchain, designed for the multi-billion dollar Web2 game asset market. The platform allows players to easily trade in-game items, accounts, and virtual currencies, utilizing a multi-signature smart contract escrow mechanism to ensure secure, low-cost, and instant settlements. OVERTAKE offers a range of features and services, including a P2P trading marketplace, staking and mining, and customizable shops (Take

According to Jinse Finance, Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on Vitalik's call to establish an on-chain gas futures market on the X platform. He stated that the market lacks natural short sellers: a large number of users are inherently exposed to gas costs (short) and wish to hedge, but almost no one in the market is willing to take the long side on gas, so liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short seller, that is, by auctioning future base fees on-chain.

The proposal to ban state-level artificial intelligence legislation, promoted by U.S. President Trump, failed to pass in Congress, increasing the risks for the White House and the AI affairs director. Although Congress refused to include relevant provisions in the defense policy bill, the White House has discussed reissuing an executive order to take precedence over state legislation and may establish an "AI Litigation Task Force" to address state laws.

The European Commission has officially launched an antitrust investigation into Meta, citing its updated WhatsApp policy, which is alleged to allow only its own AI chatbots to operate while restricting other artificial intelligence service providers from accessing the platform. The investigation centers on whether Meta is leveraging its dominant market position to hinder competition, which could have far-reaching effects on the European AI industry and the ecosystem of communication platforms. The probe focuses on the business terms updated by WhatsApp in late October. The new policy explicitly prohibits third-party companies whose core product is artificial intelligence from distributing AI chatbots via the WhatsApp Business API. According to the terms, only if AI is an “incidental or auxiliary function” are relevant businesses allowed to use the API, while companies offering AI as their main service have been completely banned from access since October 15. For AI service providers already on the platform, the ban will take effect starting January 15, 2026.

Austrian police recently arrested two Ukrainian men suspected of torturing a 21-year-old university student, robbing him of his cryptocurrency, and ultimately killing and burning his body. The victim was identified as Danylo K., the son of the deputy mayor of Kharkiv, Ukraine; his body was found burned in the back seat of a Mercedes. Police indicated that all the funds in the victim’s crypto wallet were withdrawn after the crime, with the motive strongly suspected to be crypto extortion. Vienna police stated that the two suspects, aged 19 and 45, fled to Austria three days after committing the crime and were subsequently arrested in Ukraine. The case has been handed over to Ukrainian authorities and no extradition will take place. Local media revealed that the incident began in the parking lot of the Sofitel Hotel, where the victim was ambushed and forced into a car. He was then brutally beaten in the Donaustadt district, his teeth knocked out, nearly suffocated to death, and ultimately doused with gasoline and set on fire. Police found a melted fuel can in the back seat of the car, confirming that the fire originated from gasoline.

21Shares has submitted a revised Dogecoin ETF application to the U.S. Securities and Exchange Commission (SEC), confirming the management fee and disclosing additional details. This spot Dogecoin ETF is expected to join the ranks of Grayscale (GDOG) and Bitwise Dogecoin ETF (BWOW), further driving up the price of Dogecoin. According to the latest filing, 21Shares has amended its S-1 document for the fifth time, confirming a management fee of 0.50%, which accrues daily and is paid weekly in the form of Dogecoin (in arrears). The document also retains a delayed issuance clause, which may take effect after submitting the 8(a) application, but no fee waiver information has been disclosed at this time.

Odaily Planet Daily News: Superform has published a long post on X announcing recent major project developments, including: Superform airdrop registration is now open; the first snapshot was completed on December 1; Superform community members and Cookie.fun users are eligible to participate in the community fundraising to acquire UP tokens at a discounted price. The UP community sale will take place from December 4 to 9 (Beijing time). The Superform rewards cycle (Epoch 1) has officially started. In addition, the official announcement states that the UP token community public sale will be held at 11:00 PM on December 4 (Beijing time) on Legion.cc supported...

According to Gate News Bot on December 3rd, citing CoinMarketCap data, as of press time, PEPE (Pepe) is currently trading at $0.0000046261, up 13.98% in 24 hours, reaching a high of $0.0000048719 and a low of $0.0000039693. The 24-hour trading volume reached $445 million. The current market cap is about $1.946 billion, an increase of $239 million from yesterday. Pepe is a meme token aimed at becoming the most meme-centric cryptocurrency. According to its official statement, the Dogecoin era has had its glory, and now it is time for the world’s most famous meme, Pepe, to take the throne. PEPE was launched with zero taxes and no presale; its liquidity pool has been burned and the contract has been renounced. The total supply is 420.69 trillion tokens.

Odaily News SEC Chairman: The innovation exemption for crypto assets companies will take effect in January.

Bitcoin mining and renewable energy innovation take a new step forward. Canaan announced a collaboration with SynVista Energy to jointly develop an AI-driven platform that matches Bitcoin mining with surplus renewable energy electricity, and tokenizes energy, carbon reduction, and mining profits on-chain. The platform utilizes an AI scheduling engine to dynamically adjust computing power demands based on real-time fluctuations in renewable energy generation, thereby maximizing the utilization of green energy while avoiding grid pressure. Canaan stated that this adaptive system can channel surplus or idle energy into mining, addressing the waste problem caused by fluctuations in renewable energy generation.

BlockBeats news, on December 2, according to Coinbob's popular address monitoring, the ZEC short order of "ZEC&MON maximum shorts" has continuously closed positions to take profit after switching from losses to gains since yesterday, with the holdings scale decreased from 23.21 million dollars yesterday to 9.88 million dollars, recording a profit of over 5 million dollars, and currently still having unrealized gains of 2.43 million dollars (125%), with a weekly profit of 15.33 million dollars. This address previously entered a position shorting ZEC on October 10, with an entry price of about 184 dollars, and subsequently increased the position to average down, raising the average price to 419 dollars; on October 17, the unrealized losses peaked at 21 million dollars, recording a loss of nearly 3 million dollars. According to monitoring, this address is currently also shorting.

According to Jinse Finance, the demand for Japan's 10-year government bond auction on Tuesday was stronger than the average level of the past 12 months, despite the rising expectations for the Central Bank's recent interest rate hike. The bid-to-cover ratio was 3.59, up from 2.97 in the last auction in November and the 12-month average of 3.20. This auction took place after Bank of Japan Governor Kazuo Ueda made comments on Monday, which the market believes increased the likelihood of a rate hike later this month. Ueda stated that the Bank of Japan would weigh the pros and cons of raising interest rates and take appropriate action, adding that even after a rate hike, financial conditions would remain accommodative. Currently, the swap market indicates an approximately 80% chance of a rate hike at the policy meeting on December 19, while the likelihood of a January rate hike has risen to over 90%. In contrast, just a week ago, the probability of a December rate hike was only 36%. Meanwhile, the Japanese Ministry of Finance plans to increase short.

Sushi CEO Jared Grey announced that he will step down from his leadership position to become an advisor. The new Managing Director Alex McCurry will lead Sushi, receiving substantial capital investment to support development. Grey will continue to provide strategic guidance to the new team.

Foresight News reports that the FHE Cryptography company Zama announced it will sell 10% of its ZAMA Token supply through a Dutch auction on Ethereum. The auction will take place from January 12 to 15, and distribution will begin on January 20. The auction uses the Zama protocol to maintain bid confidentiality, aimed at achieving fair distribution and real price discovery, avoiding Bots snatching and Gas Fee wars, and the tokens will be unlocked immediately after the auction ends. ZAMA is the utility token of the Zama protocol, primarily used to pay for encryption and decryption fees, and can be staked or delegated to operators, helping to protect FHE coprocessors and KMS Nodes. The Zama Mainnet is expected to launch by the end of the year, and ZAMA will be fully online before the auction.

PANews, November 30 news, according to Jin10 reports, Hassett, the director of the White House National Economic Council, stated that if President Trump nominates him for the Fed chair, he "would be very willing to serve."

Odaily News Rayls Labs published on the X platform: "December 1, 2025, mark this date," as a TGE may take place on that day.

ChainCatcher news, Vitalik Buterin posted on the X platform expressing hope that Zcash can resist the influence of dark forces like token voting, which is bad in every way, even worse than the current state of Zcash. If ordinary token holders are allowed to take control, privacy is exactly the kind of thing that will gradually erode over time.

ChainCatcher news, Vantage Foundation has recently donated 1 million HKD to the rescue and post-disaster reconstruction efforts for the Level 5 fire at Wang Fuk Court in Tai Po, Hong Kong. This donation has been allocated to a locally recognized charity for emergency assistance, including temporary accommodation, essential supplies, and mid-term recovery support for the community. In addition to financial support, representatives from Vantage's management and members of the charity team have gone to the site to participate in the rescue efforts, providing comfort and assistance to residents during the post-disaster response. Vantage stated: "At Vantage, we believe that supporting the community during times of crisis is a responsibility we must take on. The Hongfu Garden fire has severely affected many families, and we hope this donation can help them recover more quickly. We are also proud of the team members who proactively went to the site to express their support, as the empathy and cohesion they demonstrated are exactly the values of our company.

Turkmenistan has legalized and regulated digital assets through legislation, including Crypto Assets exchanges and Mining companies, aiming to attract investment and promote digitization. The legislation will take effect on January 1 and clarifies the legal and economic status of virtual assets.

BlockBeats news, on November 28, according to HyperInsight monitoring, Huang Licheng's ETH take profit orders placed yesterday were partially filled, recording a profit of approximately $90,000. Currently, his ETH long order holdings are about $22.63 million, with unrealized gains of $700,000 (78%), at an average price of $2,962. He also holds HYPE long orders, with a holding size of about $6.24 million, and unrealized gains of $240,000 (40%). This address deposited approximately $1 million into Hyperliquid on the evening of the 24th, and subsequently opened ETH long orders at around $2,822, with a holding size of about $13.5 million, continuously closing positions and rolling over recently, with yesterday's open orders partially closed in the range of $3,050 to $3,100.

Gate News bot message, according to a report by The Block, the project INFINEX founded by Kain Warwick is preparing to launch a SONAR sale before the TGE( token generation event) in 2026, after completing a $67.7 million Patron NFT funding round. The project raised initial funding by selling 5,000 Patron NFTs. Each NFT is priced at $13,543, and NFT holders will receive rights associated with the INX Token. SONAR sales are an important part of the INFINEX development roadmap, which will take place before its token generation event.

Sun Wukong (SunX) will hold a themed live broadcast today at 20:00 (UTC+8) to discuss fee rebates and a million dollar Mining event, inviting several cryptocurrency KOLs to participate. The first "Trading Mining" event will take place from November 21 to December 6, with a prize pool of up to 1.35 million USDT. Users can earn fee rebates and additional Token rewards through trading.

According to GasLimit.pics data, the Ethereum community has raised the block Gas limit from 45 million to 60 million under the joint efforts of Decentralized Finance (DeFi) users and developers. Ethereum Foundation researcher Toni Wahrstätter announced on the X forum that this is the result of a year-long effort by the community, achieving a doubling of the Gas limit within a year. This adjustment will take effect automatically on November 25, with more than half of the validators voting in agreement, in accordance with the current Consensus rules of Ethereum.

Golden Finance reports that Securitize received regulatory authorization for the EU DLT pilot on Wednesday, enabling it to operate a regulated tokenized trading and settlement system, making it the only tokenization infrastructure company with licenses in both the US and the EU. The Spanish National Securities Market Commission (CNMV) approved its operation of the system across the EU and allowed it to connect to existing US infrastructure. Securitize plans to deploy the European trading and settlement system on the Avalanche network, leveraging its near-instant settlement and customizable architecture, with the first issuance expected to take place in early 2026.

Golden Finance reports that Tether CEO Paolo Ardoino responded to the rating given to Tether by S&P, stating that the agency's traditional model has "harmed investors for decades" and that Tether is well-capitalized, with "no toxic reserves." He added, "We take pride in your disdain."

Gate News bot message, three crypto whales executed significant long positions on Hyperliquid within a two-hour timeframe. Trader 0x0ddf established multiple positions: a 3x leveraged long position on 311.9 BTC ($27.14M) and a 2x leveraged long position on 5,176 ETH ($15.15M). Trader 0x2c26 opened

PANews November 26 news, according to the BIS official website, Tommaso Mancini-Griffoli will join the bank for international settlements (BIS) on March 1, 2026, as the head of the BIS Innovation Hub for a term of five years and will enter the BIS Executive Committee. He is currently the Assistant Director of the IMF's Monetary and Capital Markets Department, responsible for payment, currency, and financial market infrastructure. The BIS Innovation Hub covers seven centers (Frankfurt/Paris, Hong Kong, London, Singapore, Stockholm, Switzerland, Toronto) and maintains strategic cooperation with the Fed. His predecessor was Cecilia Skingsley; before his arrival, BIS Deputy General Manager Andréa M.

Odaily News Aztec announced on the X platform that its Token AZTEC public sale has not yet started, and 2000 ETH has been invested in the pre-bidding stage. The public sale will take place on December 2.

Odaily News The US Treasury Secretary Besant stated that it is time for the Fed to take a step back, expressing concerns about the rising cost of living, but Fed policies need to focus on the future. (Jin10)

Reuters columnists analyze that if excessive optimism about artificial intelligence triggers severe market fluctuations, it may lead to a big dump in asset prices, thereby forcing the Fed to cut interest rates. Although market sentiment has worsened, we are still far from a crisis, and the Fed may take action in advance as the real economy's dependence on Wall Street wealth deepens.

Odaily News According to on-chain analyst Ai Yi's monitoring, a Whale (0x5D2...9Bb7) that has shorted BTC four times since March 2025 has reduced its position by 50 BTC in the past hour, realizing a profit of 1.175 million dollars. The Address currently has 1181.98 BTC in short orders, with unrealized gains of 28.17 million dollars, and has profited over 9.33 million dollars through funding fees, totaling over 56.34 million dollars in profits since 2025. In addition, the Address has a take profit limit order of 1300 BTC placed in the range of 67,244 to 67,844 dollars.

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of publication, CHILLGUY (Just a chill guy) is currently priced at $0.02, with a rise of 21.20% in the last 24 hours, reaching a high of $0.02 and a low of $0.02. The current market capitalization is approximately $19.7 million, an increase of $3.45 million compared to yesterday. Currently, CHILLGUY ranks 748th in the global Crypto Assets market capitalization. Chill Guy is a meme character that embodies a relaxed atmosphere, known for staying calm, casual, and "low-key". The mission of the project is to spread the art of staying calm in a chaotic world. Through the Chill Guy movement, it helps people discover the power of mindfulness, find inner peace, and learn to take life easy. The project slogan is "No pressure, only fun".