Event Calendar
[Director of the U.S. National Economic Council Hassett Predicts a Golden Year for the Economy] Director of the U.S. National Economic Council Hassett stated that unless a 'black swan' event occurs, the U.S. will experience a golden year in its economic history. He mentioned that if the growth rate in the first and second quarters of next year is only 3%, it would be disappointing, and he believes the growth rate could easily increase by another percentage point. Hassett also predicted that Federal Reserve policymakers would lower interest rates at next week's meeting and noted that now is a good time for the Federal Reserve to cautiously cut rates.
[ZhuDi Holdings and Hong Kong Polytechnic University Establish Stablecoin Research Center] Hong Kong-listed company ZhuDi Holdings has invested HKD 1.7 million to establish a stablecoin research center with Hong Kong Polytechnic University. The center will focus on the development of regulatory-compliant stablecoins and real-world asset (RWA) tokenization. Its objectives include formulating an RWA framework aligned with Hong Kong's 'Stablecoin Bill' and 'Virtual Asset Policy Statement 2.0,' as well as promoting innovations in AI-driven tokenization and real-time asset valuation models.
[Strategy CEO Denies Rumors of Inability to Fulfill Dividend Obligations] Phong Le, CEO of Bitcoin treasury company Strategy, stated in an interview with CNBC that there is no issue with Strategy's ability to pay dividends. However, rumors have been spread claiming the company is unable to fulfill its dividend obligations, leading to market shorting of Bitcoin. Phong Le revealed that Strategy has established a $1.44 billion dividend reserve fund, which was raised in just eight and a half days. This amount is equivalent to 21 months of dividend payments, aimed at dispelling fear, uncertainty, and doubt, and demonstrating the company's ability to quickly raise funds even during Bitcoin's downtrend cycles.
The data shows that Bitcoin activity has recently increased, and analysis suggests that this trend may be related to changes in market sentiment. (Cointelegraph)
[Binance Updates December Proof of Reserves, BTC Reserve Ratio at 102.11%] Binance released its December proof of reserves, showing a BTC reserve ratio of 102.11% with a wallet balance of 630,677.19 BTC; a USDT reserve ratio of 109.16% with a wallet balance of 37.447 billion USDT; an ETH reserve ratio of 100% with a wallet balance of 4.0414 million ETH; and a BNB reserve ratio of 112.32% with a wallet balance of 44.279 million BNB.
[Two Casascius Physical Coins Dormant for 13 Years Transfer 2,000 BTC] On December 7, a wallet address associated with Casascius physical bitcoins suddenly transferred 2,000 BTC, worth approximately $180 million, after being dormant for over 13 years. These BTC had not been moved since 2011 to 2012, when the price of Bitcoin was less than $15 per coin. Casascius physical coins were introduced in 2011 by American entrepreneur Mike Caldwell but ceased production in 2013 after FinCEN classified them as an 'unregistered money transmitter.' Currently, about 90,000 coins remain in circulation, and the reason for this transfer is unclear. Earlier this year, another user migrated 100 BTC to a hardware wallet due to technical issues.
On December 7, HyperInsight monitoring revealed that the Ethereum long position held in 'Machi' Huang Licheng's address has once again fallen into a floating loss, currently at $164,000. The position is a 25x leveraged long on 7,925 ETH, with an entry price of $3,057.48 and a liquidation price of $2,990.67. Previously, this long position had once achieved a floating profit of over $1.6 million.
[Prediction Market Protocol Gondor Completes $2.5 Million Pre-Seed Funding] Prediction market DeFi layer protocol Gondor has completed a $2.5 million Pre-Seed funding round, with investors including Prelude, Castle Island Ventures, and Maven 11. Gondor plans to launch a protocol next week that allows users to borrow against Polymarket positions as collateral and engage in 2x leveraged trading.
Whale pension usdt. eth opened a 2-fold long position at a price of $3040.92 per ETH, with a size of 20000 ETH and a total value of approximately $60.93 million. The liquidation price was $1190.66. (Lookonchain)
[Twenty One Capital Plans to Transfer 43,500 Bitcoins to Self-Custody Account] Twenty One Capital CEO and Strike founder Jack Mallers stated on the X platform that Twenty One Capital is expected to be listed on the New York Stock Exchange next Tuesday, December 9, under the stock ticker XXI. As part of the transaction completion process, Twenty One Capital plans to transfer 43,500 Bitcoins previously held by a third-party custodian to a self-custody account and update the proof of reserves.
[Bank of America to Allow Wealth Advisors to Recommend Crypto Asset-Related ETFs/ETPs] Bank of America announced that starting January 5, 2026, wealth advisors from its Private Bank, Merrill, and Merrill Edge divisions will be allowed to recommend crypto asset-related ETFs and ETPs to clients, with no account asset threshold. Previously, only clients meeting asset requirements could access Bitcoin ETFs starting early 2024. This marks an upgrade from 'executing client instructions' to 'providing allocation recommendations.'
[OKX Founder Star Responds to Debt Dispute with Moore Threads Co-Founder Li Feng] OKX founder Star responded on the X platform regarding the debt dispute with Moore Threads co-founder Li Feng, stating, 'One cannot remain stuck in the shadow of negative history forever. Look to the future and contribute more positive energy. Let the legal system handle debt issues. Best wishes to every entrepreneur.' It is reported that Moore Threads co-founder Li Feng was previously accused of issuing tokens to raise funds and defaulting on a debt of 1,500 BTC.
[CME Data Center Outage Caused by Operational Error, Leading to Over 10 Hours of Trading Disruption] On December 7, multiple markets under the Chicago Mercantile Exchange (CME) experienced trading disruptions for over 10 hours due to a data center outage. Data center operator CyrusOne confirmed that the outage was caused by human operational error. Staff and contractors at the Aurora, Illinois data center failed to follow standard procedures to drain the cooling towers before freezing weather, resulting in the cooling system freezing, overpressure operation, and uncontrolled equipment temperatures. CME noted that initial remedial measures exacerbated the issue, ultimately causing multiple cooling units to fail. CME acknowledged the severe impact of the incident on its global clients.
The EU's plan to centralize cryptocurrency licensing has raised concerns in the market about a possible slowdown in industry development. (Cointelegraph)
[Analyst Says Centralized Exchange ETH Holdings Drop to Historic Low of 8.8%] Analyst Milk Road pointed out that, according to Glassnode data, the amount of ETH held in centralized cryptocurrency exchanges has dropped to 8.8%, marking the lowest level since the network launched in 2015. Since early July, the amount of ETH on exchanges has decreased by 43%, while purchases by Digital Asset Treasury (DAT) have significantly increased during the same period. In comparison, Bitcoin holdings on exchanges stand at 14.7%. Milk Road believes that ETH is being transferred to staking, Layer 2 network activities, DAT, and other areas, and the tight supply may impact its price.
[South Korea Proposes Legislation Requiring Crypto Exchanges to Bear No-Fault Compensation Liability] The South Korean government is advancing legislation to introduce a 'no-fault compensation' rule for major cryptocurrency exchanges, requiring virtual asset service providers to bear compensation liability for user losses caused by hacking incidents or system failures, even if no fault is found. Currently, such compensation rules only apply to traditional financial institutions and electronic payment companies. This policy initiative stems from a security incident on the Upbit platform on November 27, where approximately 44.5 billion KRW (around $30.1 million) worth of assets were transferred to external wallets. Data shows that from the beginning of 2023 to September of this year, the five major exchanges experienced a total of 20 system failures, resulting in cumulative losses of approximately 5 billion KRW, with Upbit accounting for 6 incidents and losses of about 3 billion KRW. The draft also proposes raising technical security requirements and increasing the maximum fine for hacking incidents to 3% of annual revenue. Regulatory authorities are currently investigating Upbit's delayed reporting of the incident.
On chain data shows that DOYR's market value has exceeded 15 million US dollars, with addresses 0x234... 655fd generating a floating profit of 193000 US dollars and a return rate of 78.58.9%. The address purchased 2.773 BNB (2456 USD) at an average price of 0.0001444 USD 5 minutes after the token was launched, and subsequently sold 23.6% DOYR. Currently, it still holds 13 million tokens. (Auntie Ai)
Binance ADA/USDT's perpetual trading volume surged 17 times within 10 minutes, with a turnover of $120 million in the past 24 hours, an increase of 0.29% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world
[OKX Announces Delisting of PIGGYUSDT Perpetual Contract in 2025] According to the official announcement from OKX, the PIGGYUSDT perpetual contract will be delisted on December 7, 2025, at 16:00 (UTC+8).
[Clear Street Plans to Go Public as Early as Next Month with a Valuation of Up to $12 Billion] New York brokerage firm Clear Street is preparing for an IPO, expected to take place as early as next month, with Goldman Sachs leading the transaction. However, the deal may not be completed before January next year. The company's valuation is estimated to be between $10 billion and $12 billion. Clear Street holds significant influence in the cryptocurrency-related stock issuance sector, having underwritten Strategy's stock offering and served as the underwriter for Trump Media & Technology Group, which plans to raise billions of dollars to establish a Bitcoin treasury.