News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
On one hand, Vanguard has opened Bitcoin ETF trading, while on the other hand, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes toward ETFs for different cryptocurrencies.
Bitcoin's price remains stable above the real market mean, but the market structure is similar to Q1 2022, with 25% of supply currently at a loss. The key support range is between $96.1K and $106K; breaking below this range will increase downside risk. ETF capital flows are negative, demand in both spot and derivatives markets is weakening, and volatility in the options market is underestimated. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
Ethereum has activated the key "Fusaka" upgrade, increasing Layer-2 data capacity eightfold through PeerDAS technology. Combined with the BPO fork mechanism and the blob base price mechanism, this upgrade is expected to significantly reduce Layer-2 operating costs and ensure the network’s long-term economic sustainability.
Cryptocurrency projects related to the Trump family were once market favorites, but are now experiencing a dramatic collapse in trust.
Bank of America believes that there is little to fear if Trump nominates a new Federal Reserve Chair, as the White House's ability to exert pressure will be significantly limited if Powell remains as a board member. In addition, a more hawkish committee would leave a Chair seeking to accommodate Trump's hopes for rate cuts with no room to maneuver.
BTC has strongly returned to $93,000. Although there appears to be no direct positive catalyst, in reality, four macro factors are resonating simultaneously to trigger a potential structural turning point: expectations of interest rate cuts, improving liquidity, political transitions, and the loosening stance of traditional institutions.
- 08:02Rate cut expectations rise as the US dollar remains weak amid multiple bearish factorsBlockBeats News, December 4, the US dollar remained weak after hitting a five-week low in the previous trading session, as US data and news regarding the next Federal Reserve chair boosted expectations of a rate cut ahead of next week's rate decision. On Wednesday, the ADP private sector employment report came in weaker than expected, while ISM services data showed easing price pressures. These data were released after Trump hinted he would nominate Hassett as the next Federal Reserve chair. According to LSEG data, the market is pricing in an 85% probability of a Federal Reserve rate cut in December.
- 08:02Nikkei 225 Index rises 2.00% intradayBlockBeats News, December 4, according to market data, the Nikkei 225 Index rose by 2.00% during the day.
- 07:38Data: Hyperliquid platform whales currently hold $4.507 billions in positions, with a long-short ratio of 0.87.According to ChainCatcher, citing Coinglass data, whales on the Hyperliquid platform currently hold positions totaling $4.507 billions, with long positions at $2.098 billions, accounting for 46.56% of the total, and short positions at $2.409 billions, accounting for 53.44%. The profit and loss for long positions is -$46.5935 millions, while for short positions it is $159 millions. Among them, the whale address 0x9eec..ab has taken a 15x leveraged full position long on ETH at a price of $3,201.03, with an unrealized profit and loss of -$316,000 at present.