Recently, the US Dollar Index (DXY) has continued to fall, dropping over 6%, currently situated between 97-98, and has dropped out of the top seven. The main reasons are inflationary pressures and weak employment data, with a projected mid-year decline of up to 11%. The weakening of the dollar may lead to funds flowing into other assets.

Nick Szabo pointed out that the reason gold lost its monetary status is due to its susceptibility to control, rather than its lack of value. He noted that relying on intermediary institutions to store gold carries the risk of abuse, whereas the decentralized design of Bitcoin addresses this issue and exposes the vulnerabilities of traditional precious metal custody.

Economist Peter Schiff has recently fired another shot. He directly criticized Strategy's new move on social media — the launch of a dividend reserve fund.
Schiff's viewpoint is quite sharp: he believes this marks the starting point of the decline of Strategy. He points out that Michael Saylor is now forced to sell stocks, but the purpose is not to continue hoarding coins, but to exchange them for US dollars to pay the company's interest and dividends.
In Schiff's view, the company's stock value has collapsed, and the entire business model is a complete scam. He even bluntly labeled Saylor as "Wall Street's number one con artist."
This statement will undoubtedly provoke a new round of debate in the crypto community. Supporters and opponents will likely start a new round of verbal battles.

[Block Rhythm] At 10:46 PM tonight, USDC officially minted 100 million on Ethereum.
This large-scale minting action often indicates a replenishment of market liquidity or an increase in institutional demand. On-chain data shows that the issuance of stablecoins is often followed by a recovery in market sentiment, especially when exchange reserves are insufficient.
It is worth noting that the Ethereum network remains the preferred battleground for USDC minting. A single transaction of 100 million USD is considered a relatively large move in the current market environment.

[BPT] The US stock market opened weak today, with all three major indices collectively declining. The Dow Jones fell by 0.63%, the S&P 500 slid by 0.6%, and the Nasdaq saw the largest drop at 0.85%.
However, the chip sector has shown a differentiated market—Synopsys surged 6.5%, driven by Nvidia's investment of $2 billion in real money. This investment has directly sparked market interest in EDA tool manufacturers.
Wolfspeed soared nearly 8%, as the company just received close to $700 million in cash tax refunds, which is a timely boost for cash-burning third-generation semiconductor companies. Market sentiment has shown structural highlights amidst the overall market downturn.

【Coin World】 again saw that the crazy Coin Hoarding listed company has increased the position. This time they acquired 130 BTC, and now the amount of Bitcoin they have accumulated has surpassed 650,000 coins. This Holdings scale can be considered top-tier players globally.

Recently, multiple DeFi projects are actively exploring yield distribution mechanisms. The Lido community is discussing distributing over $288 million in accumulated income to coin holders, Arbitrum is expected to increase the distribution of staking fees, and Ethena has seen its revenue surge by 243% within a month. These projects aim to enhance the intrinsic value of tokens, which may lead to a reevaluation of token prices.

FIL fell more than 10% today, with the price dropping to $1.46, breaking through the $1.58 support level. The market has a backlog of sell orders, and the volume has increased by 32.7% compared to last week. The short-term trend is unclear and needs to be closely followed by holders.

[Block Rhythm] The market fluctuation was intense on December 1!
In just this past hour, the total liquidation scale across the network reached 153 million US dollars. Long positions were nearly wiped out—148 million dollars in long positions vanished, while short positions only suffered a minor loss of 4.29 million.
This unilateral market trend has directly harvested the bulls. Market sentiment has reversed instantly, and it seems that many have bought in at high positions. According to data from Coinglass, such a disparity in long and short positions often indicates that the short-term trend has become clear.
Dear friends with positions, remember to manage your leverage well.

Recently, the stock market has been blindly optimistic, and risk assets may face a crisis. Bloomberg analysts warn that Bitcoin may be the first to fall, as its ratio to gold is relatively high and could return to a reasonable level. According to this logic, it is not impossible for Bitcoin to drop to $50,000.

The big dump of ETH is due to a security vulnerability in Yearn Finance, which led to over $600 million in positions being liquidated in the futures market, causing significant losses for large investors in Taiwan. Market sentiment is fragile, and震荡持续 is likely to continue in the future, so it is recommended to avoid leverage operations at this time.

The crypto market has remained sluggish in December, showing a lackluster performance since September. Although the decline is not significant, the recovery of other assets makes crypto assets appear even weaker. The market is following the Fed chair candidate Kevin Hassett, who has a relatively open attitude towards digital assets, which could influence future trends.

Recently, three mysterious addresses that accurately opened shorts before the 1011 flash crash have been frequently active, borrowing a total of 220 million USDT and transferring it to leading exchanges, while holding over 500 million in assets. This movement of funds combined with previous shorting operations has drawn market attention, reminding ordinary players to stay vigilant.

[Block Rhythm] On December 1st, on-chain data shows that a newly created address has suddenly withdrawn 42,225 Ether from a leading exchange. At current prices, this transfer is worth approximately $120 million.
This large-scale ETH withdrawal action often deserves attention — what are the whales planning? Are they preparing to hold coins for the long term or is there going to be new operations on-chain? The market is always highly sensitive to such large capital flows.

Glassnode observed that after BTC pulled back to $80,000, the on-chain cost basis distribution showed significant changes, forming a new chip accumulation area that could provide support above $80,000. This change reflects market sentiment and capital movements, especially worth following in a volatile market.

[Coin World] At the beginning of December, an on-chain large transfer worth noting occurred— the official wallet of the Kingdom of Bhutan transferred 175.44 ETH to another address, which is approximately equivalent to $497,000 at the time of the price. Interestingly, the on-chain behavioral characteristics of the receiving wallet indicate that it is likely associated with QCP Capital. The motives behind such government-level asset movements always pique curiosity.

The on-chain data from 【区块律动】 shows that an address controlled by the government of the Kingdom of Bhutan initiated a transfer—175.44 ETH flowed to another Wallet, which is approximately 500,000 USD at current prices.
Interestingly, the receiving address appears to be associated with QCP Capital. This institution's actions in the cryptocurrency market have always been noteworthy; what could this operation be this time?