[Glassnode Says Crypto Market Rebound Lacks Dedicated Catalysts and Remains Fragile] Glassnode posted on the X platform, noting that while the price movements in the crypto market have stabilized, this rebound lacks strong, crypto-specific catalysts to support it, and overall performance remains fragile. In the options market, Bitcoin trading remains calm, with open interest dominated by call options. Over the past two weeks, the ratio of put to call options has significantly declined, reflecting traders' expectations to profit from a year-end rally. However, options trading volume over the past seven days has slowed considerably, indicating weakened confidence in supporting an upward trend. The net premium for short- to medium-term call options with a strike price of $95,000 has continued to decline, and implied volatility across all maturities has decreased, suggesting reduced demand for protective strategies or leveraged upside bets. Traders are anticipating price stabilization. The 25Delta skew indicator remains positive but is in bearish territory, with the market still pricing in potential downside risks. On the macroeconomic front, expectations for a rate cut in December are the core driving force behind current prices. If these expectations shift or a "hawkish rate cut" occurs, it could trigger a synchronized repricing of implied volatility and the spot market.

[Paraguay's House of Representatives Requests Government to Provide Information on Crypto Mining] On December 4, Paraguay's House of Representatives passed two resolutions requesting government departments to submit official information regarding domestic crypto mining activities. The Ministry of Industry and Commerce is required to provide details on the number of individuals and enterprises registered and approved to engage in virtual asset mining, along with related information. The National Electricity Administration must disclose the number of power connections approved for crypto mining, responsible entities, and installation locations. Both institutions are required to respond within 15 days.

At the opening of the US stock market, the Dow Jones Industrial Average rose 73 points, the Nasdaq rose 79 points, and the S&P 500 index rose 0.19%.

[Main password: Fidelity CEO publicly holds Bitcoin, main trader trades $100 million betting on this direction] The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

[Hassett Reiterates Rate Cut Expectations and Supports New Residency Rules for Regional Fed Presidents] White House National Economic Council Director Hassett stated on Friday that Federal Reserve policymakers might cut interest rates at next week's meeting, calling it a good time for the Fed to cautiously lower rates. He predicted that with the economy recovering from the impact of the federal government shutdown and new factories coming online, an economic boom could arrive in early 2026. In addition, Hassett expressed support for Treasury Secretary Besent's new initiative requiring regional Federal Reserve presidents to reside in their districts for three years, stating that this move aligns with the original intent of establishing a federal system. Besent previously said he would push for the new rule to address criticisms that the Federal Reserve has overstepped its monetary policy mandate.