[ECB Executive Board Member Schnabel Agrees with Market Bets on the Next Rate Hike] ECB Executive Board Member Schnabel expressed agreement with investors' bets that the ECB's next move will be a rate hike, noting that borrowing costs have reached their lower limit. She stated that consumer spending, corporate investment, and significant government spending on defense and infrastructure will boost the economy, with economic and inflation risks skewed to the upside. Schnabel hinted that the new economic growth forecast at the December meeting might be revised upward, and analysts expect the deposit rate to remain at 2% for the fourth time.

[Japan's 10-Year Government Bond Yield Rises to 1.965%, Highest Since June 2007] Japan's 10-year government bond yield rises to 1.965%, the highest since June 2007.

["'Iron-Headed Bull' Goes Long on ETH and Other Tokens, Total Position Worth $20.28 Million"] The "Iron-Headed Bull," who went long 36 consecutive times between 11.03 and 11.26, has returned to the bullish camp. Three hours ago, they opened long positions on ETH, SUI, and FARTCOIN, with a total position value of $20.28 million and an unrealized profit of $188,000. Among these, the ETH position is worth $9.39 million, holding 3,000 ETH at an average entry price of $3,116.98. Recently, this trader has shifted to a strategy of alternating between long and short positions.

[The Central Committee of the Communist Party of China proposes to continue implementing a more proactive fiscal policy and moderately loose monetary policy] On December 8, the Central Committee of the Communist Party of China held a meeting to analyze and study the economic work for 2026 and review the 'Regulations on the Comprehensive Rule of Law Work under the Leadership of the Communist Party of China.' The meeting pointed out that next year's economic work should continue to implement a more proactive fiscal policy and moderately loose monetary policy, leveraging the integrated effects of existing policies and new policies, and intensifying counter-cyclical and cross-cyclical adjustments. The meeting emphasized adhering to domestic demand-driven growth, innovation-driven development, reform breakthroughs, opening up to the outside world, coordinated development, 'dual carbon' leadership, and prioritizing people's livelihoods, while actively and prudently resolving risks in key areas.

Ethereum co-founder Vitalik Buterin proposed the establishment of an Ethereum on chain Gas futures market, aimed at helping users hedge against the risk of network fee fluctuations in the context of increasing network adoption. （Cointelegraph）