[BitPush] The US manufacturing data for November has once again left the market in a quandary—ISM PMI reported at 48.2, remaining in the contraction zone for nine consecutive months. Originally, everyone was hoping to see some signs of recovery, but as soon as this data was released, the expectation for interest rate cuts became more solid, while recession concerns also began to surface.
What’s even more troublesome? Trump is making frequent moves, and the new Federal Reserve chairman has not yet been decided, causing the market to start worrying in advance. In the next six months, whose monetary policy will we follow? The current chairman says one thing, while the nominee may have a different approach. This "dual core signal" confusion could very well turn dollar and interest rate expectations upside down.
The crypto market was also busy last night. BTC climbed from a low point to around $87,000, looking like it was rebounding, but the overall structure is still weak. The key point now is very clear – can it break through the liquidation zone around $88,000? If it can’t get above, the probability is high.

[Coin World] BTC long positions are now pinning their hopes on the Fed's interest rate cuts—lowering rates can reduce yields and suppress the dollar, which theoretically is favourable information for coin prices. However, the signals from the bond market are a bit contradictory.
Although the market generally expects a 25 basis point cut in December, the yield on the 10-year U.S. Treasury bonds remains firmly above 4%, which is 50 basis points higher than when the Fed first cut rates in September last year. Inflation stickiness, concerns over fiscal deficits, and the rising yield on Japanese bonds are all supporting U.S. Treasury rates.
The US dollar index is also hovering around the 100 level, seeming less sensitive to easing expectations. This situation may pose some challenges for BTC's classic script of "rising with interest rate cuts."

On December 2nd, the Rayls project party officially announced a good news on X - their Token RLS Airdrop claiming channel is now open.
It is worth mentioning that RLS has previously landed on the Alpha section of a leading exchange and has also simultaneously launched on a compliant platform. This round of airdrop marks the moment of fulfilling promises for early participants.
Friends who want to claim, remember to check the official channels for specific claiming rules, and don't miss the window period.

Anthropic's AI replicated a $4.6 million smart contracts vulnerability during testing and even discovered two new zero-day vulnerabilities. This indicates that AI technology could be misused, posing new risks to the security of on-chain assets.

[Coin World] Just saw a technical update on Github - a leading exchange has made adjustments to the Spot trading API documentation.
The main change this time is that the symbol parameter now supports UTF-8 encoding. Interestingly, the technical team confirmed that this change is actually identical to the previous commit content; it was just released in a different place.
For developers who frequently call API interfaces, this encoding support extension may make handling some special characters more convenient. Although it's a small update, it at least indicates that the documentation maintenance is still ongoing.

In the past week, there have been some movements on-chain. Lookonchain observed that 10 newly created Wallets received 2612 BTC from BitGo - which amounts to approximately 231 million dollars. This batch of new Addresses is collectively transferring funds, and their actions are quite synchronized.

[Block Rhythm] The market has been quite volatile recently, and the holdings data of several well-known large investors on a certain blockchain is quite interesting.
Let’s talk about that entertainment industry tycoon, who added 250,000 dollars in just 9 hours and is aggressively betting on ETH longs. Now, the Holdings have piled up to 7.7 million dollars, with an unrealized loss of 120,000. Yesterday was even worse, as the long positions experienced a chain liquidation, evaporating 1.25 million, and the account balance once dropped to only 110,000 dollars—his mental fortitude must be incredibly strong.
That mysterious account, jokingly referred to as the "opponent's position," is even more ruthless. The floating loss on ETH long positions has soared to $21.22 million, with a loss rate of -217%, and the cost price is stuck at $3,201, with a holdings scale of 146 million. At the same time, it is also holding on to XRP long positions, with an average position of $78.46 million at 2.29, also losing $10.49 million (-134%). Currently, it is the number one long position holder for ETH and XRP on the platform, and this kind of courage is not something ordinary people can compare to.
There is indeed a player who shorted ZEC and made a lot of money. It reached yesterday.

Hong Kong-listed telecommunications company Moon Inc. has once again acquired 7 Bitcoins, bringing its total holdings to 42 BTC, with an average holding cost of $90,363, currently showing slight unrealized losses. This reflects the interest of traditional companies in the allocation of digital assets.

[Coin World] Just noticed a big move on-chain - the wallet address of Ripple has received a total of 200 million XRP, which is approximately just over 400 million dollars at current prices. The sender is an unknown wallet, and it is still unclear who is behind it. What does a transfer of this magnitude usually mean? It could be an exchange deposit, internal fund adjustments, or other strategic arrangements. XRP holders may want to pay attention to any official announcements or market fluctuations that follow.

The big short Michael Burry is publicly shorting TSL stock, believing its valuation is too high. Burry's judgments are usually accurate, and the market reacts strongly to this, with the stock price movement of TSL being closely followed.

The Monetary Authority of Singapore has recently given Ripple the green light to significantly expand the scope of its regulated payment business locally. What does this mean? XRP and their stablecoin can now officially be used for Token Settlement.
Ripple has clearly regarded Singapore as a strategic hub for the Asia-Pacific market. After all, on-chain activities in this region have surged by almost 70% over the past year, and the cross-border payment pie is getting bigger and bigger. Obtaining the MAS license for expansion is equivalent to getting a stronger entry ticket in Southeast Asia and the entire Asia-Pacific.
For XRP holders, the compliance process has moved forward another step. For the entire payment sector, the boundaries between traditional financial regulation and crypto payment services are becoming increasingly blurred.

[Chain News] DeepSeek has released two major updates this time - V3.2 and V3.2-Speciale.
The former directly matches the reasoning ability of GPT-5 and can adjust tools in thinking mode, making the Agent significantly more adaptable. The latter is even more intense, specializing in mathematics and coding, and can rank among the top ten human competitors in top competitions like IMO and IOI.
The website, App, and API have all been updated. However, Speciale's API is only open until December 15th, so those who want to try it should hurry.
To be honest, the speed of performance improvement is a bit outrageous, especially in programming scenarios.

[Block Rhythm] The market has been quite interesting recently—on-chain data has been improving all the time. Wallet addresses are rising, on-chain interactions are active, Gas fees are still being collected, and there has been good progress in tokenization. But look at the prices? They just won't rise, and are even falling.
What does it often mean when there is a divergence between the fundamentals and price trends? The risk-reward ratio of BTC and ETH is honestly quite enticing right now. The signal for this layout may have already appeared; it just depends on who can understand this misalignment.

[Coin World] XCE NA, a listed company, has accumulated 9.27 Bitcoins, with an average cost of around $49,637. If ranked by the amount of holdings, they are currently in 164th place among all publicly disclosed companies holding Bitcoin assets. This size of holdings is not particularly large, but for corporate asset allocation, it can be considered a move towards encryption assets.

Goldman Sachs acquired Innovator Capital Management for $2 billion, expanding its presence in the structured encryption products sector. This acquisition adds $28 billion in regulated assets to Goldman Sachs' asset management division, demonstrating TradFi's rising interest in the crypto market.

[Coin World] A leading exchange recently issued a Mastercard, which is quite interesting. Users in the UK and the EU can directly swipe their cards to spend fiat or use over 400 types of Crypto Assets for consumption. Each transaction returns 1% cash back, and users can also transfer money to others in real time—whether it’s cash or stablecoin. Even more astonishing is that they are about to launch a vault feature, which reportedly offers an annual yield of over 10%. The key point? No trading fees and no ATM withdrawal fees. For those who frequently use Crypto Assets in Europe, this card indeed addresses many pain points.

[Coin World] Recently saw a rather interesting play - a UK fintech team has created an AI digital asset management platform that directly transforms Computing Power into tradable assets.
In simple terms, you don't need to buy mining machines or graphics cards yourself; you can directly connect to their global GPU network to earn daily returns. The platform supports multi-currency deposits and settlements in BTC, ETH, and USDT, and there is a mobile app available to check your earnings at any time, essentially packaging "Computing Power Mining" as a financial product.
This model actually combines AI automation with blockchain transparency. From the user's perspective, it seems like storing coins and earning interest, while behind the scenes, it operates on a GPU Computing Power network. For the average person, the threshold has indeed been lowered, but the stability of returns and risk disclosure still depend on the actual operational performance.
The trend of assetizing computing power is indeed a direction worth noting, especially with the current strong demand for AI computing power, which deserves attention for future developments.

Bitcoin mining profits continue to decline, with gross profits in November down 26% compared to the previous month, and the overall network computing power also decreased by 1%. The total market capitalization of publicly listed mining companies in the United States fell from 59 billion to 49 billion, a drop of 16%, while some companies performed differently.

Recently, a transfer of over 2 billion USDC has been detected on-chain, amounting to approximately 200.8 million USD, involving two unknown Wallets. This large-scale fund transfer has attracted market attention and may involve institutional fund allocation or exchange operations, but the specific purpose remains unclear.