The 'Hardcore Short Whale' continuously reduces its short position by 20 BTC, valued at $1.84 million

The hash price of Bitcoin has dropped to about $35 per PH per second, causing many public miners to have mining costs close to $44 per PH per second, entering a break even state. （Cointelegraph）

Bank of America suggests that its wealth management clients consider allocating digital asset exposure to explore related investment opportunities. （Decrypt）

Ethereum is about to undergo a Fusaka upgrade, and the market is paying attention to its potential impact and technological improvements. （Decrypt）

According to reports, Michael Saylor's strategy team has stated that they may consider lending Bitcoin in the future, but have not disclosed specific plans or timelines. （Cointelegraph）

[UNCTAD Report: Financial Volatility May Impact Global Economy and Trade] The United Nations Conference on Trade and Development (UNCTAD) released the *Trade and Development Report 2025* on December 2, predicting that global economic growth will slow to 2.6% in 2025, down from 2.9% in 2024. The report highlights that financial market volatility has an impact on global trade almost equivalent to that of real economic activity, and it affects global development prospects. UNCTAD Secretary-General Greenspan stated that the financial environment is increasingly shaping the trajectory of global trade, which involves the interconnectedness of supply chains, credit limits, payment systems, currency markets, and capital flows.