ChainCatcher news, the Hong Kong Securities and Futures Commission has updated the list of suspicious investment products, reminding the public to be wary of suspicious investment products "9M AI Stable Fund" and "9M AI Strategy Fund", which claim to involve investment strategies related to virtual assets and offer additional benefits, including through

Monad on-chain Meme coin CHOG briefly fell below 2.5 million USD in market capitalization yesterday, but has now rebounded to approximately 4.1 million USD, with a rise of about 60%. ChainCatcher reminds investors that Meme coins have high volatility, and caution is needed regarding the risks.

Odaily News According to official news, Gate will officially launch a stock token trading cashback benefit activity from December 2nd, 16:00 to December 23rd, 16:00 (UTC+8). Users can earn 100% of the trading fees back, with a maximum of 1,450 USDT per person. The activity includes three major benefits: lucky subsidy for signing up, 0 threshold cashback for the first order, and double cashback for both spot and contract trading.

BlockBeats news, on December 2nd, according to on-chain AI analysis tool CoinBob (@CoinbobAIbot), it was monitored that on November 16th, crypto KOL paulwei transferred approximately 100,000 USD to Hyperliquid, and then opened an Enter a Position using a 2x leverage pyramid mode.

Foresight News reports that analyst Willy Woo tweeted, "Don't assume that M2 (Broad Money Supply) growth will necessarily drive Bitcoin pump. At the end of the cycle, it is Bitcoin that leads the M2 trend. My personal view is that, based on the model of capital inflows and outflows in the Bitcoin and Crypto Assets space, we have likely reached a peak."

According to BlockBeats news on December 2nd, CoinDesk reported that the fintech company Unlimit launched a decentralized clearing platform called Stable.com specifically designed for stablecoins. Users can trade major stablecoins without the need for GAS or Commission, while maintaining full control over their funds.

BitMine Immersion Technologies has accumulated a total of 23,773 Ether over the past three days, worth approximately $70 million, further solidifying its position as the largest enterprise-level ETH holder in the market. This round of operations includes the purchase of 7,080 ETH yesterday and an additional 16,693 ETH bought over the weekend, bringing its total open interest to over 3.7 million, accounting for more than 3% of the total supply of Ethereum.
According to Lookonchain's on-chain tracking data, BitMine has recently been continuously increasing its holdings through FalconX, and the buying power for Ethereum has been particularly prominent during the recent turbulent market conditions. The company has previously stated that its long-term goal is to hold 5% of the total supply of Ethereum, and it has currently achieved about 63%. In just November, BitMine accumulated nearly 150,000 ETH in the face of continuous price corrections, demonstrating a long-term optimism for this asset.

On December 1st, the U.S. Spot Solana ETF experienced the largest capital outflow in history, while the Spot XRP ETF recorded a net inflow of 90 million USD. The main redemptions from the Solana ETF came from the 21Shares Solana ETF (TSOL), with a single-day net outflow of 32.54 million USD, bringing the cumulative net outflow for TSOL since its launch to 60.14 million USD. Despite the outflows, the Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF still maintained capital inflows, with the Solana ETF's managed assets still exceeding 790 million USD. The SOL price rebounded over 3% after the capital outflow, currently trading at 127.53 USD.

The Meme coin KABUTO in the Solana ecosystem briefly surpassed a market capitalization of 13 million USD, currently standing at 11 million USD, with a 24-hour volume of 8.4 million USD and a rise of 327%. The founder stated that they will use the transaction fees to purchase Pokémon cards. Investors are reminded that Meme coins have large fluctuations and should invest cautiously.

The Japanese government recently launched the "Government Efficiency Department" (DOGE) initiative, aimed at reforming long-standing special tax measures and subsidies. Finance Minister Katayama pointed out that temporary tax reductions could lead to an annual revenue shortfall of about 15 trillion yen, thus there is an urgent need for objective indicators to assess tax expenditures.
The Cabinet Secretariat has established an "Office for Special Tax Measures and Subsidy Review," with about 30 staff members responsible for reviewing various tax incentives, particularly the actual effects of corporate tax incentives. Katayama emphasized that public participation is crucial, and the government will collect public opinions before the end of the year to enhance the transparency of the reforms and social recognition.

XRP fell 9.5% this week, and the TD Sequential indicator issued a weekly buy signal after nine consecutive bearish lines, suggesting that the bearish trend may be weakening. Meanwhile, Ethereum's 12-hour chart recorded nine consecutive bullish lines, and the TD Sequential indicator issued a bearish signal, erasing the recent rebound gains.
The two TD Sequential signals have not yet been confirmed, and traders are closely watching whether the price will reverse or continue to fall. Analyst Ali Martinez indicated that the drop in XRP price is related to technical analysis signals, as the TD Sequential indicator generated a buy signal on the weekly chart, suggesting that the trend may reverse.

Fintech company Unlimit announced on Tuesday the launch of Stable.com, a decentralized clearing platform specifically designed for stablecoins. The platform integrates non-custodial stablecoin exchanges with global fiat withdrawal channels, aiming to provide users with a more convenient trading experience.
Stable.com allows users to trade between mainstream stablecoins without paying gas fees or commissions, while fully controlling their funds. By connecting a decentralized channel to Unlimit's global payment network, users can exchange local currencies in over 150 markets and more than 1000 payment methods, eliminating friction and custody risks associated with traditional crypto platforms.

On December 1, Fed Chairman Jerome Powell deliberately avoided discussion of the current economic situation or monetary policy during a speech at the Hoover Institution at Stanford University. He reiterated the Central Bank's responsibility to maintain price stability and emphasized the importance of trust and economic humility. Powell's term will expire in May 2026, and the market is watching for Trump to possibly announce a new Fed chairman candidate this month.
The timing of the speech is noteworthy: there are only 9 days left until the next Federal Open Market Committee (FOMC) meeting, and the market had hoped to gain signals on policy direction from the speech. However, Powell emphasized that he would not discuss the current economy or monetary policy, but rather commemorate the contributions of the late former Secretary of State George Shultz.

Gate News Bot news, on December 2, according to CoinMarketCap data, MON (Monad) is currently reported at 0.03 USD, rising 26.91% in the last 24 hours, with a peak of 0.05 USD and a low of 0.02 USD. The current market capitalization is approximately 315 million USD, an increase of 66.69 million USD compared to yesterday.
Monad is a next-generation Ethereum-compatible chain that offers the capability to process 10,000 transactions per second, sub-second finality, low fees, and scalable decentralization. It is a high-performance EVM blockchain built for scalability. Monad supports EVM bytecode-level compatibility, which means Solidity contracts, EVM addresses, infrastructure, tools, and libraries can be used directly. The project aims to provide developers with a familiar and frictionless building environment.

DOGE recently tested a key support level for 2024, while large volume fell to a 60-day low. According to crypto assets analyst Ali Martinez, the trading volume of DOGE whales has plummeted from a recent peak of 38 transactions to just 4, coinciding with signs of a short-term rise in DOGE, raising questions in the market about the sustainability of the pump.
The technical indicators show that the trading price of DOGE is below the 200-day moving average, close to the support level tested twice this year. The Relative Strength Index (RSI) has remained negative since the end of the pump from June to September, indicating a weakening market momentum. Despite a recent price rebound, the trading activity of whale holders has significantly decreased, suggesting an increase in market wait-and-see sentiment.

The Fed recently injected Liquidity into the banking system through a $13.5 billion overnight repurchase operation, which is the largest repurchase operation since 2020, even exceeding the scale of operations during the burst of the tech bubble in the early 2000s. This surge in repurchase reflects the rising demand from banks for short-term dollar Liquidity, while also raising concerns in the market about financing pressures and potential chain reactions in the asset markets.
The repurchase market allows financial institutions to obtain overnight cash by collateralizing U.S. Treasury bonds, supporting banks' daily cash flow and balance sheet management. Financial analysts point out that when banks are in urgent need of Liquidity, repurchase demand typically increases, which may indicate a tightening credit environment or increased collateral pressure. Similar situations occurred in September 2019 when repurchase market activity surged and during the pandemic in 2020.

This week, the payment-focused Crypto Asset XRP fell more than 6%, touching the key support level of $2, which has become a short positions fatigue zone since December of last year. If this support is broken, investors may accelerate dumping, leading to further price dips. Currently, the price still holds the support, and to turn bullish, it needs to break the descending trend line since July (around $2.50).
Bitcoin is also under pressure, currently hovering near three key support levels: the continuously rising trend line from 2023 to 2024, the 100-week SMA, and the 38.2% Fibonacci retracement level from the bear market low at the end of 2022 to the recent historical high of $126,000. If these supports are broken, attention will turn to the low point close to $74,500 in April and about $70,000 below the peak of the 2021 bull market. If bulls want to maintain confidence in the bull market, they need to reclaim the 50-week moving average (approximately $102,252).

Odaily News According to official news, in response to recent discussions about layoffs, Gate publicly addressed external concerns, clarifying that the relevant rumors are completely false. Gate founder and CEO Dr. Han stated: "Thank you for your concern, the layoff storm has finally reached us, it is purely a rumor, there are no major moves within Gate. We are continuously accelerating our construction, and there will be many product updates coming soon, we welcome everyone to follow along and witness us doing better and better, Keep building. See you at the Abu Dhabi F1 finals next week."

BlockBeats news, on December 2, Grayscale Research stated in its latest report that Bitcoin could reach a new high in 2026, countering market concerns that Bitcoin will enter a prolonged period of low performance. Grayscale pointed out that while long-term investors have historically been able to benefit from fluctuations, they often also have to "endure sometimes quite challenging pullbacks." It is common for pullbacks of 25% or more to occur during a bull run, and it does not necessarily indicate the start of a long-term downtrend.

BlackRock executives stated that the financial system is undergoing the largest infrastructure transformation since the emergence of electronic information technology in the 1970s, driven by blockchain-based tokenization technology. CEO Larry Fink and COO Rob Goldstein pointed out in an Economist column that the financial industry is "entering the next major transformation phase of market infrastructure," with tokenization expected to transfer assets in a faster and more secure manner.
Tokenization records ownership of assets on a digital ledger, enabling trading and settlement of assets such as stocks, bonds, and real estate without the need for traditional intermediaries. BlackRock believes that this technology can expand the range of investable assets and achieve instant settlement, while replacing manual processes and customized settlement methods. Executives emphasize that tokenization will not immediately replace existing systems, but will serve as a "bridge" connecting traditional institutions with digital innovators.