Macro Market
The number of non-farm payrolls in the United States increased by 263,000 in November. This figure was much higher than the market expectation of 200,000. The unemployment rate remained unchanged at 3.7%, but is expected to exceed 5% next year.
Current expectations are that the central bank will end its streak of 0.75 percentage point rate hikes this month and move to a 0.5 percentage point increase. So far, many officials have said the benchmark policy rate could eventually reach 5%.
Related news: The number of non-farm payrolls in the United States increased by 263,000 in November, and the unemployment rate was 3.7%
Cryptocurrency Market
L1
Ropsten, the first public testnet to support Ethereum’s transition to a proof-of-stake system, will be shut down this month, the Ethereum Foundation announced. Ropsten’s remaining validators are expected to stop supporting the network between December 15 and 31. After this time, Ropsten will no longer be supported by clients, testing or infrastructure teams.
related news:Ethereum Ropsten testnet will be completely shut down in December this year
DeFi
Phantom, the largest wallet on Solana, announced that it will expand to Ethereum and Polygon. It claims that its main advantages are its 24-hour support team and the ability to manage NFTs. Phantom will launch an invitation-only public beta in the next few weeks.
related news:Phantom will support Ethereum and Polygon
DeFi protocol Aave froze 17 low-liquidity v2 pools to prevent attacks similar to the one suffered by CRV last week. In a similar move, Compound Finance’s COMP token holders voted unanimously to limit lending levels for the 10 assets supported by the protocol.
MakerDAO voted to increase the reward rate for its DAI stablecoin to 1%.
NFT
OpenSea has announced support for BNB Chain. Every NFT transaction on the BNB chain from the beginning of this year to date can be traced on OpenSea, and OpenSea will also work hard to backfill historical data.
Uniswap will launch an NFT market, whose features include allowing users to view global reserve price lists and purchase NFTs in bulk.
Magic Eden introduces "The Open Creator Protocol," which will collect royalties on all new collectibles that choose to use the tool. The open source tool Open Creator Protocol (OCP) will allow creators who publish collectibles to choose whether they want to protect royalties.
related news:
OpenSea is now available on BNB Chain
Uniswap Confirms to Launch NFT Marketplace
Magic Eden Launches Open Creator Protocol, a New Protocol to Enforce Creator Royalties
other
Durov, CEO of Telegram, which has 600 million users, said, “The next step for Telegram is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges, to securely trade and store cryptocurrencies.”
Italy will strengthen regulation of digital assets and expand taxation on crypto transactions starting in 2023. Digital assets with profits exceeding 2,000 euros (about $2,062.3) will be subject to a 26% capital gains tax.
A new draft legislation in Brazil proposes to include virtual currencies as a means of payment and regulate virtual asset providers. Virtual currencies, such as Bitcoin, could be regulated by the central bank and supervised by the Financial Activities Control Commission (Coaf). Brazil's House of Representatives voted to pass the bill on Tuesday and it now awaits the president's signature to become law.
related news:
Bloomberg: Italy plans to impose 26% capital gains tax on cryptocurrency gains
Telegram plans to launch crypto wallet and DEX
Brazil bill proposes to include virtual currencies as a means of payment and regulate virtual asset providers
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