Grayscale Research: Bitcoin is expected to reach a historic high in 2026, and the four-year cycle theory will become invalid.
According to The Block, Grayscale Research stated that Bitcoin is expected to reach an all-time high in 2026, rebutting concerns in the market that Bitcoin is entering a long-term deep correction. In a report released on Monday, Grayscale Capital pointed out that Bitcoin is unlikely to follow the so-called "four-year cycle."
The market generally believes that the price of Bitcoin will experience a significant correction after reaching a peak every four years following i

Capital Economics: The impact of the Bank of Japan's interest rate hike on global markets may be overstated.
On December 2, the possibility of the Bank of Japan raising interest rates earlier than expected shocked global bond and stock markets, but Capital Economics stated that this concern may be exaggerated. Analyst Thomas Mathews wrote that Japan is a major global creditor, but rising Japanese bond yields do not necessarily mean that it will trigger capital inflows, thereby posing risks to global markets.
On one hand, Japanese investors looking at foreign bonds face the cost of hedging

VanEck: Assets Under Management for digital assets exceeds $5.2 billion, and the fee exemption for Bitcoin ETF will be extended until the end of July next year.
US asset management company VanEck disclosed that its total Assets Under Management has reached $171.7 billion, with its digital asset management scale exceeding $5.2 billion, covering its full range of digital asset solutions. In addition, VanEck announced an extension of the fee waiver period for its Bitcoin ETF from January 10, 2026, to July 31, 2026.

Trump will make a major announcement at 3 AM tomorrow.
White House, USA: President Trump will host a cabinet meeting at 11:30 AM Eastern Time on Tuesday (12:30 AM Beijing Time the next day); and will release an announcement at 2:00 PM (3:00 AM Beijing Time the next day).

The yield on Japan's 30-year government bonds has reached a new high, sparking discussions in the market about the possibility of a Central Bank rate hike this month.
The yield on Japan's 30-year government bonds has reached a historical high, driven by persistently high inflation and increasing market expectations for the Bank of Japan to raise interest rates later this month. It is currently up by 1.5 basis points, standing at 3.405%.
The Governor of the Bank of Japan, Kazuo Ueda, stated on Monday that the Central Bank will thoroughly discuss the possibility of interest rate hikes at

Goldman Sachs invested $2 billion in the acquisition of Innovator, adding a Bitcoin-linked ETF to its product line.
Goldman Sachs has agreed to an acquisition of Innovator Capital Management for approximately $2 billion, incorporating this institution that issues "defined outcome" exchange-traded funds (ETFs) into its asset management portfolio, which includes a structured fund for Bitcoin.
The transaction is expected to be completed in the second quarter of 2026, adding approximately $28 billion in regulated assets to Goldman Sachs Asset Management.

The probability of the Fed lowering interest rates by 25 basis points in December is 87.6%.
According to CME's "Fed Watch": the probability of the Fed cutting rates by 25 basis points in December is 87.6%, while the probability of maintaining the current rate is 12.4%. The probability of the Fed cutting rates by a cumulative 25 basis points by January next year is 69.3%, with a 9.3% probability of keeping rates unchanged, and a 21.3% probability of a cumulative cut of 50 basis points.

Spot gold fell short-term by nearly 30 dollars, losing the 4210 dollars/ounce level.
On December 2, Spot gold fell nearly $30 in the short-term, dropping below $4210/ounce, with a daily decline of 0.61%. Spot silver retreated below $57/ounce, with a daily drop of 1.68%.

Bernstein: Despite the weak price movement of Crypto Assets, crypto companies are still performing strongly.
According to Theblock, Bernstein stated that despite the ongoing weakness in the Crypto Assets market and the search for a bottom, operating companies are executing "transformational" changes that were not seen in previous market adjustments. Analysts pointed out that examples of these business model shifts include Coinbase's continually expanding product stack, token issuance activities, and emerging consumer applications. Bernstein believes that although the Crypto Assets market p

QCP: BTC's decline is due to weakening Asian macroeconomic conditions and panic triggered by Strategy comments.
QCP Capital Analysis states that Bitcoin's sharp drop from $91,000 to $86,000 is mainly due to two points: the surge in expectations for a Bank of Japan interest rate hike and the weakening of China's non-manufacturing PMI, which has dragged down Asian macro sentiment; the CEO of Strategy mentioned the possibility of selling BTC when stock prices fall below NAV and financing dries up, amplifying market panic. Although QT has ended, the probability of a rate cut in Decembe

The Japanese government is working to adjust the taxation of income from Crypto Assets transactions at a rate of 20%.
According to Nikkei News, the Japanese government and the ruling party are working on adjusting the tax policy on the income from Crypto Assets trading, planning to impose a uniform income tax rate of 20% regardless of the transaction amount, thereby aligning it with other financial products such as stocks and investment trusts. This move aims to reduce the tax burden on investors and invigorate the domestic trading market.
The Japanese government plans to replace the current c