According to the latest data from CME, the market's expectations for the Fed's monetary policy in December have become quite clear.
A 25 basis point rate cut? The probability is as high as 87.2%. In other words, nearly nine out of ten traders are betting on a cut.
As for the possibility of maintaining the status quo, it is only 12.8%—basically a low probability event.
This one-sided expectation reflects, to some extent, the market's assessment of the current economic environment.

The new matching engine of Dravan Exchange has officially gone live. After several months of stress testing, this system has shown significant improvements in performance during peak periods—order processing speed is faster, system capacity has also been elevated, and it is less likely to stall during extreme market conditions.
This time, the technical team did not switch everything at once, but rather rolled it out in batches, while also optimizing the network architecture of multiple nodes globally, with the aim of making order routing smoother for users in different regions. From the testing data, the improvement in latency and throughput is quite noticeable, which can be considered the core improvement point of this upgrade.

[Chain News] A tough guy has emerged in the UK. Jason Lowe, a 39-year-old man from North Yorkshire, worked as an accountant at a company since 2016, and over the course of 8 years, he "borrowed" more than £500,000 from the company's accounts — equivalent to almost $660,000.
Where did the money go? It was all converted into cryptocurrency and then thrown into online casinos. This guy's operation is quite bold: he forged payment invoices for companies like Meteorbrand and transferred the money to his own account. The banking system had actually discovered unusual transactions in his account long ago and flagged it. But he directly shifted the blame, claiming that this money came from a personal business he sold in 2021 — such a lie, he didn't even draft a rough copy.
After the incident was exposed, the atmosphere within the company became tense, and employees began to suspect each other. In the end, it was the police's economic crime unit that took action, tracing the on-chain traces of the cryptocurrency all the way, uncovering the entire flow of funds, which finally revealed...

[Coin World] Let's talk about an interesting topic – privacy isn’t as old as you think. Back in the 18th century, architectural designs began to include structures like independent corridors, and the concept of "privacy" in physical space truly emerged. Although people in the Victorian era placed cultural emphasis on personal space, what about legal aspects? The right to privacy in the U.S. Constitution wasn’t "forced to be interpreted" until a series of court cases in the 1960s.
What's even more ridiculous is the development that followed. Court rulings have increasingly tightened the scope of protection, and surveillance has gradually become the default option. The wall that was originally built to block government and corporate prying is getting lower and lower. This evolution is particularly ironic when viewed in light of the present— the privacy protection system that was painstakingly established is being systematically dismantled. This is also why topics such as decentralization and on-chain privacy are receiving more and more attention in the Web3 world; the historical lessons are there.

[Chain News] News came on December 2nd - Mantle Network officially announced an important event: Aave is set to officially log in to this Layer 2.
This time it's not a solo effort. Mantle has partnered with a leading trading platform to create an institutional-level DeFi liquidity system. What does this mean? It means that the lending giant Aave will be directly deployed on Mantle, a high-performance, low-Gas fee chain. Users will be able to deposit coins, take out loans, and also access tokenized items like RWA, stablecoins, and re-staked assets.
Mantle has also been busy, directly launching a liquidity incentive program based on MNT. The goal is clear: to increase the utilization of the Aave liquidity pool and give early liquidity a boost.
So what role does a leading trading platform play here? They position themselves as a "global liquidity bridge"—to put it bluntly, just

[Coin World] Tether Data has made a big move, just released a tool called QVAC Fabric LLM – simply put, it allows you to manipulate large language models right on your laptop or phone.
In the past, training or fine-tuning these AI models basically relied on cloud servers or professional-grade NVIDIA graphics cards, making it inaccessible for ordinary people. Now, this system has lowered the threshold to a floor price, allowing you to work with the devices you already have. AMD graphics cards, Intel integrated graphics, Apple M series chips, and even mobile phone chips can run it, without having to cling to any specific brand.
More hardcore is that it has also expanded the llama.cpp ecosystem, directly supporting fine-tuning mainstream models like LLama3, Qwen3, and Gemma3. Tether

[Coin World] A Bitcoin mixing platform that has been operating for nearly ten years has been shut down. European police, in collaboration with law enforcement agencies from Germany and Switzerland, launched a raid in Zurich (November 24-28), directly uprooting the lair of Cryptomixer — servers were seized, domain names were taken over, and the scene was quite hardcore.
The spoils seized in this operation are quite remarkable: approximately 25 million euros worth of Bitcoin, plus over 12TB of user data. What does 12TB mean? It can hold several million transaction records and user information, which is likely enough for the investigation team to study for several years.
What’s even more explosive is the background. According to investigations, Cryptomixer has been in this business since 2016, specifically helping to "clean" dirty money—ransomware payments, dark web market transactions, scam proceeds, and even money from human trafficking all flow to this platform. This kind of coin mixing service essentially takes "dirty" Bitcoin and "clean"

[Coin World] The recent 4-hour trend of ETH is quite interesting.
Starting from midnight on December 2, prices experienced a noticeable rebound, recovering compared to December 1, but still slightly lower than the 8 PM price on November 30. The K-line formed a small bullish candle, closing above the opening price.
However, there is a detail worth noting - the trading volume is shrinking. Prices are rising, but the volume is not keeping up. What does this indicate? The upward momentum may be weakening.
From a technical perspective, several key signals are observed:
The MACD currently has no obvious direction, the histogram has been negative but is narrowing, and the bullish forces are gradually accumulating. The KDJ has dropped to 14, entering the oversold zone, with no golden or death cross formed, but this position often signifies a rebound opportunity.
Let’s talk about price-volume divergence again—when the price goes up but the trading volume is decreasing, this kind of divergence usually doesn’t last long.
Key points are sorted out:
- Support at 2706.0, buy reference at 2684.8

[Coin World] REX Shares has partnered with Tuttle Capital Management to launch two heavyweights on the CBOE—SOLX and XRPK. The former is aligned with Solana, while the latter is focused on XRP, both being 2x leveraged intraday products. What does this mean? If these two coins rise by 1% in a day, your account theoretically sees a 2% return. Now, you don't have to buy spot directly; just open a brokerage account to engage in leveraged exposure. Of course, the pain is doubled when the prices fall, so you need to keep a close eye on it during times of high intraday fluctuation. These products are suitable for those looking to amplify short-term gains while accustomed to traditional trading channels.

[Coin World] IREN recently made a big move - planning to raise up to 2.3 billion USD through a combination of bond issuance and equity sales. How will it work? They plan to issue two convertible bonds, one for 10 billion maturing in 2032 and the other for 10 billion maturing in 2033, leaving extra subscription room for investors.
What to do with the money? Mainly to repurchase those old debts with high interest rates. They are focused on a batch of bonds maturing in 2030 with an interest rate of 3.25%, as well as another batch maturing in 2029 with an interest rate of 3.50%. To put it simply, it's about exchanging low-interest bonds for high-interest bonds to reduce the interest burden.
Why are we in a hurry to do this now? Isn’t it because the price of computing power has risen, and the cash flow pressure on miners is getting bigger? While the market conditions are still decent, we should quickly optimize the debt structure and leave some breathing room for ourselves. Whether this move can alleviate the pressure will depend on the execution results.

[On-chain] ASTER has recently been quite active. On-chain data shows that their newly opened buyback Wallet (0x573...6fF4) has bought 2.2 million USD worth of ASTER that day, and they are also holding 800,000 USD worth of stablecoin. Interestingly, during the same time period, another address suspected to be associated with the team (0x207...a757) was dumping — selling approximately 1 million USD worth of Token.
Buying back while dumping? This operation looks like it is adjusting the position structure, or it could be said to be managing the market value. The remaining 800,000 U in the repurchase wallet is likely to continue being bought, but the team is also cashing out, making the overall capital flow a bit subtle.

[Bitu] The Swiss licensed encryption bank AMINA Bank has recently taken new action - it has integrated the USDG stablecoin under Paxos into its institutional service system and officially joined the Global Dollar Network (GDN). As a legitimate player with a FINMA license, AMINA has taken another step forward in the digital dollar arena.
Their Chief Product Officer Myles Harrison publicly stated that this partnership with Paxos essentially continues AMINA's consistent approach—innovating within a compliance framework. It is worth noting that AMINA not only provides basic services such as custody and trading but also specifically designed an incentive mechanism for USDG balances, with an annualized return rate set to be quite attractive.

[Chain News] The recent pullback of BTC has been quite severe - from the peak of $126,000 in October, it has fallen all the way down, a drop of 31.4%. However, here's the interesting part: this is the first time in two years that the coin price has dropped below the network value.
Economist Timothy Peterson is watching this signal, saying that historically every time this situation occurs, Bitcoin tends to rebound. He is referring to the logic of Metcalfe's Law — the price of the coin should be linked to the number of active addresses and transaction volume; the more people use it, the more valuable the network becomes, and the price naturally rises. Now, the price is disconnected from the network value, which means it is undervalued. This kind of misalignment usually happens after the market has overheated.
Peterson posted on Tuesday, emphasizing that although it does not represent a bottom has been reached, it at least indicates that the leverage that should have exploded has been exhausted, and the "bubble" has almost burst. More importantly, the data: whenever the price...

[Chain News] A large bank in the United States recently issued a guideline to its wealth management clients, suggesting that they can start considering adding some Crypto Assets to their investment portfolios.
How exactly should it be allocated? They suggest that clients of several private banks and wealth management platforms allocate 1% to 4% of their funds to digital assets. Starting in January next year, their investment strategy team will focus on four Bitcoin ETFs - BITB, FBTC, Grayscale Mini Trust, and IBIT.
Chris Hyzy, the Chief Investment Officer of their private bank, said it quite frankly: If you are interested in innovative themes and can accept significant price fluctuations, then a small allocation of 1%-4% may be suitable for you. The key is to choose regulated products and to clearly understand where the opportunities and risks lie. Conservative investors should stay closer to the lower limit of 1%, while more aggressive ones can lean towards 4%.
In simple terms, traditional financial machines

[Coin World] The expectations for SUI this year have not been fulfilled, and the market's focus has begun to shift.
The LiquidChain project is quite interesting - it is creating a unified environment for Layer 3 that can directly aggregate the liquidity of Bitcoin, Ethereum, and Solana. The key is that it doesn't require those cumbersome wrapped tokens, which indeed solves a lot of problems.
The current pre-sale price is $0.01235. Technically, a high-performance virtual machine has been prepared for developers, allowing code to run everywhere after being written once. Early stakers are also receiving good rewards, with data showing that over 3.6 million $LIQUID have already been locked.
There has always been a demand for cross-chain in this direction, but there are not many projects that can truly connect the liquidity of several mainstream public chains. How far this attempt can go will depend on whether the subsequent ecosystem can be developed.

Tidal Investments purchased 350,000 shares of Strategy (MSTR) for $60 million, indirectly allocating exposure to Bitcoin. Founder Saylor views the company as a Bitcoin piggy bank, attracting follow from Financial Institutions, demonstrating confidence in the long-term value of Bitcoin.

The CFO of BNP Paribas announced joining the European stablecoin alliance, marking a shift in traditional banks' attitude towards encryption payments, which could promote the construction of a European stablecoin standard system, indicating that the boundaries between finance and Web3 are gradually blurring.

[Coin World] Recently saw an interesting piece of news, a bank in the United States has provided a configuration suggestion - allocate 4% of the Position in the investment portfolio to Bitcoin. It’s worth noting that this bank currently manages assets worth $3.2 trillion, so this suggestion carries significant weight. The fact that TradFi giants are publicly advising clients to allocate encryption assets indicates that mainstream institutions' attitudes towards Bitcoin are truly changing. The 4% figure may seem low, but for a conservative banking system, it is already a fairly clear signal.

[Block Rhythm] Sony's banking business has started to engage in stablecoins. On December 2nd, Bastion, which specializes in providing stablecoin services to Financial Institutions, reached a strategic cooperation with Sony Bank — simply put, Bastion assists Sony Bank with stablecoin issuance, managing funds, and custodial services.
This matter actually had some groundwork. In September this year, Bastion secured a round of financing of 14.6 million USD, led by a prominent exchange, with a luxurious lineup of investors including Sony's own venture capital department, Samsung's investment arm, a16z Crypto, and Hashed from South Korea. It now seems that Sony's investment in Bastion at that time was likely aimed at establishing a presence in the stablecoin sector.
Traditional financial giants are increasingly entering the stablecoin space, and this trend is becoming more evident. Sony Bank's recent move is like adding fuel to the market, and it will be worth observing how things play out in the future.

[Coin World] XRP recently fell by 9.5%, but interestingly — a buy signal appeared on the weekly TD Sequential. What’s going on? After finishing nine consecutive Bearish lines, this indicator starts to suggest a possible reversal.
On the other hand, ETH's movement on the 12-hour level is exactly the opposite. Nine bullish lines are lined up, and TD Sequential has directly thrown out a bearish signal, essentially erasing the gains from the previous small rebound.
However, it must be made clear that these two signals have not been confirmed yet. The traders in the market are all watching closely to see whether the price will really turn around. The technical indicators have given a hint, but how it ultimately moves still depends on subsequent verification.