There are divisions within the Fed, with 5 FOMC members opposing interest rate cuts, while the core council insists on cutting rates. If a real split occurs, it could undermine the credibility of the policy and raise questions about the Fed's independence. A compromise might involve cutting rates first and then adjusting based on economic data. The key lies in the missing data after the shutdown.

[Coin World] Hayes' warning that "Tether's gold and BTC can’t hold up if they drop by 30%" has recently prompted analyst Willy Woo to bring out AI for a showdown. He used Grok to run a set of data: 75%-80% of Tether's reserves are liquid cash, while traditional banks? At most 10%-20%. Just looking at the balance sheet liquidity, this stablecoin trap indeed seems more hardcore.
However, AI is not one-sided either—the banks are backed by the government, and their ability to withstand pressure is on a different level. Even more explosive is that S&P has directly rated Tether's pegged stability as "weak", citing high asset risk. Tether's CEO Paolo Ardoino fired back on the spot, calling it "traditional finance's propaganda".
The point of contention is quite clear: strong liquidity but lacking sovereign endorsement.

[Chain News] Interesting news - European supermarket giant Spar has made a big move recently. This retailer, which has opened more than 13,900 stores in 48 countries worldwide, has just launched Bitcoin Lighting Network payment functionality in its Swiss app.
The Lightning Network, to put it simply, is a technical solution that makes BTC transactions fast and cheap. Now, when you go shopping at the Spar supermarket in Switzerland, you can just take out your phone and scan to pay with Bitcoin. The combination of traditional retail and crypto payments seems to no longer be just a concept on PPT.

A PIPPIN whale closed all positions after holding tokens for over a year, cashing out 24.8 million tokens for a profit of 3.74 million USD, realizing a gain of 4066%. Although it did not take profit at the peak, it avoided the risk of market capitalization decline, demonstrating its firm investment strategy.

[Coin World] There has been another big movement on-chain.
Analysts have noticed that the "1011 whale" has recently dumped 170 million USD in stablecoins into a leading exchange over the past 7 hours. Taking a look at this guy's wallet, wow—he has pledged 126,232 ETH and swapped it for 160 million USDT.
This operation is clearly not a joke. Either prepare to buy the dip, or it could be to lay bombs in the market. With such a large amount of capital movement, retail investors should be more cautious.

David Sacks publicly retaliated against the media's attacks on him over the past five months, denying false accusations and asking his legal team to intervene, emphasizing the impact of the media's false reports on the encryption industry. He called for strengthening the authenticity of media reporting.

[Chain News] The Interchain Foundation (ICF) recently issued a notice to the community, stating that they are preparing to transfer ATOM from the main Multi-signature Wallet to the CL Wallet. This transfer is mainly to support the daily operations of CL – after all, CL is now a subsidiary of ICF, and the allocation of funds must keep pace with business needs.
The transfer of tokens between these wallets is actually quite common in foundation management, usually for the purpose of optimizing capital allocation or meeting the funding needs of specific projects. This time, ICF proactively informed the community about the situation, which also maintains transparency, letting everyone know the destination and use of these ATOMs.

The Japanese government plans to implement a unified tax rate of 20% on Crypto Assets transactions, aiming to simplify the tax structure and avoid mixing it with wage income calculations. The new scheme classifies Crypto Assets as financial assets, and it may be implemented by the end of 2026. The Financial Services Agency intends to amend relevant laws to prohibit insider trading and require information disclosure, aiming to enhance market vitality and strengthen regulation.

[Coin World] ZEC has fallen quite sharply this time. The latest data shows a big dump of 20% in the past day, with a low of $351.28. It's worth noting that this year's high had surged to $750, and now it has slumped over 50% - a pullback of more than 53% from its peak. The current price is hovering around $366, and it's uncertain when this round of adjustment will come to a stop.

[Coin World] BTC has fallen below 400 dollars, and the market atmosphere is a bit gloomy. Everyone is watching and unsure how much longer this drop will last.

On December 1st at 5 PM, a leading trading platform will launch the KABUTO project and open the KABUTO/USDT Spot trading pair, offering a limited-time zero fee promotion to drop the trading threshold. The platform holds dual licenses in the US and Australia, has a good safety record, and a stable trading system.

On December 1, the strong statement from Bank of Japan Governor Kazuo Ueda prompted market expectations for a rate hike to soar, leading to a stronger yen and a surge in government bond yields. Global funds reassessed Japan's policies, causing the dollar and high fluctuation assets to suffer, with the crypto market also affected, resulting in a sharp fall in BTC, a significant increase in liquidation, and the market facing a repricing, which may continue to fluctuate weakly in the short term.

Tether Treasury recently transferred 160 million USDT to Bitfinex, approximately 160 million USD, possibly related to liquidity supplementation or fund allocation. This large transfer has attracted market follow, reflecting the funding readiness status, and the specific impact on market sentiment remains to be observed.

Tether CEO revealed that they earn about $500 million per month from U.S. Treasuries, raising concerns about profit margins. However, some question their dividend policy and over-collateralization standards, fearing that the inclusion of illiquid assets may affect robustness, calling for increased transparency to inform the public about the asset structure.

In November, the crypto market experienced 15 major attacks, with total losses approaching $194 million. The hardest hit projects include Balancer and Upbit. The security situation is severe, and holders need to stay vigilant to ensure asset security.

The decentralized perpetual futures platform Grvt has reopened the liquidity provider strategy, increasing the quota to 7.5 million USD and allocating it based on historical volume, aiming to balance the interests of new and old users and respond to market demand.

[Chain News] Recently focused on an unfortunate large investor. This guy threw back 15,396 AAVE to FalconX, worth about 2.57 million dollars. After checking the records, he received a total of 20,396 AAVE about a month and a half ago, and now he has already lost 1.54 million dollars on paper.
What's more exciting is that this guy opened a 25x leveraged long position on ETH on HyperLiquid, and currently this position has an unrealized loss of over 400,000 dollars. It's a double whammy, quite harsh.

A leading exchange announced on December 1 that it has placed five tokens under "observation tags," including Tranchess, Dent, dForce, Aavegotchi, and Solar. The observation tag indicates that the exchange considers these coins to have higher risks and potential for greater price fluctuations, reminding holdings users to be aware of potential risks.

[Chain News] The Yearn protocol had an incident last night. On November 30th at 9:11 PM UTC (, their yETH stable pool was hacked.
The attacker executed a tricky operation—using a custom contract to mint yETH tokens frantically. This wave directly caused about 8 million dollars to go down the drain in the pool, and the yETH-WETH liquidity pool on Curve also suffered, incurring a loss of about 900,000 dollars. In total, it's nearly a 9 million dollar hole.
However, Yearn's official team quickly came out to reassure everyone: the compromised code is independent, and the vaults of V2 and V3 versions )Vaults( are safe, as are other products. They mentioned that the complexity of this attack is similar to the previous one involving Balancer—apparently, the hackers really put in some effort.
The team has now contacted SEAL911 and their old partner audit company Ch.

[Coin World] The crypto market has just experienced a rapid fall. Data shows that in the last 4 hours, the total market capitalization of the entire crypto assets market has evaporated by 14 billion USD. This wave of decline came quickly and fiercely, and market sentiment has instantly turned cold.