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Key time points for next week: 1. Federal Reserve interest rate meeting, December 9 to December 10. 2. ZY Economic Work Conference, December 11 to December 12. 3. Japan interest rate meeting, December 18 to December 19. 4. Monthly settlement disaster days, December 19, December 24, December 30. Last week left a gap without a breakthrough, which seems not very sincere. Every time a major wave begins, the securities usually surge for two to three days. So there's no need to rush into it; mainly observe tomorrow. See if there is a volume increase, if the securities continue to soar, and if they can break through this gap. If the above points are met, then chase after it, there's still time to take a big bite of the major wave. Conversely, if tomorrow starts with flat volume or decreased volume, and just touches the gap, then starts to go down. Therefore, there’s still no need to rush. Looking at this adjustment, the overall trend shows that time is still insufficient. Moreover, next week and the end of this month have several key time points that some large funds are also paying attention to. Overall, based on all current messages, both upward and downward movements are possible. As mature players, we need to perform on the spot. Adapt to changes! $BTC $ETH $BNB
The real focus of next week's Federal Reserve meeting is not about cutting interest rates at all. A 25 basis point cut? That's just fireworks for the spectators. The real rocket launch is that the balance sheet will be reopened for liquidity. Former New York Fed expert Mark Cabana has burst the bubble. He predicts that the Federal Reserve will announce starting in January next year, they will inject $45 billion each month to buy Treasury bonds. This is no small matter; it's directly pumping money into the financial system. They've given this operation a low-key name called 'Reserve Management Purchases' (RMP), simply put, they don't want to be criticized and are afraid to mention the term quantitative easing (QE) again. Why have repo market rates been rising recently? Because the reserves in the banking system have run low. The pipes are almost dry, and everyone needs to scramble for short-term funding, which naturally drives up costs. This scene happened once in 2019, resulting in a liquidity crisis. The folks at the Fed are very clear in their minds; their three years of quantitative tightening (QT) have drained too much blood from the market, and now they need to inject some back. So don’t be fooled by the jargon of 'technical adjustments.' This is balance sheet expansion. This is liquidity injection. $45 billion a month, lasting at least six months, is much fiercer than Citigroup's prediction of $20 billion. They will also handle term repo operations simultaneously, acting directly as temporary firefighters. The timing is also interesting. Powell is a caretaker chair, and his term is about to end; Trump might want Hassett to take over. Letting the liquidity out now essentially sets the tone for the next person. If the new chair wants to do something significant, they need to have some bullets in hand. The market has become numb to interest rate cuts. A slight dip from the peak in rates doesn't change the tightness of funding. But balance sheet expansion is a different matter. Once the faucet is turned on, the first to overflow will definitely be those assets that are short on liquidity. U.S. Treasuries will gain value, gold will shine, and the dollar may weaken. Remember, keep an eye on whether Powell mentions the term 'RMP' next week. Interest rate cuts are old news; the bond purchase plan is the headline. Liquidity is king; everything else is accompaniment. $BTC $BNB $GLMR
Yesterday, the boss of the Bitcoin MicroStrategy stated at the Binance Blockchain Week that the company's strategy is: If the company's stock price rises above the Bitcoin value per share, we will distribute stocks to the market for financing; If the stock price drops below the Bitcoin value per share, we will sell Bitcoin or related derivatives to supplement cash. Sell stocks when the price is high, sell coins when the price is low, It's about selling whichever is more advantageous. Currently, the mNAV displayed on the Strategy official website is 1.16, indicating that there is still some space before the company sells BTC. This is also speculated by various media outlets currently. $BTC $MDT $WIN
Attention Solana phone users! The native token SKR will be issued in January 2026: 30% of the total supply will be airdropped
Solana Mobile announced that the SKR token will be launched in January 2026, with a total supply of 10 billion tokens, and it is expected that 30% will be airdropped. Users of Seeker phones and active dApp users in the ecosystem will have the chance to receive it. The Solana Mobile brand under the Solana chain announced this morning (4) that its native token SKR is planned to be issued in January 2026, with a total supply of 10 billion tokens. According to official statements, 30% of the allocation will be airdropped after the token generation event (TGE), primarily targeting Seeker phone holders and active dApp users in the Solana ecosystem. This marks the final piece as Solana Mobile transitions from hardware sales to the 'device + token economy'.
Delayed U.S. inflation data below expectations, but consumption growth nearly stagnant
On December 6, the U.S. Department of Commerce's Bureau of Economic Analysis released the delayed personal income and spending data for September. Slightly lower-than-expected inflation has almost no impact on the judgment of the Federal Reserve's interest rate cuts next week, as the stagnation in consumer spending shows that the U.S. economy had already slowed down before the government shutdown in October. In terms of data, the U.S. personal consumption expenditures (PCE) price index for September rose 2.8% year-on-year and 0.3% month-on-month, both in line with expectations. The core PCE, which excludes food and energy prices, rose 2.8% year-on-year, slightly below market expectations and also lower than August's 2.9%. Federal Reserve officials use the PCE price index as a primary policy tool for measuring inflation. While officials pay attention to both indicators, they generally believe that core PCE better reflects long-term inflation trends. Thus, in the context of the Federal Reserve's meeting next week, a core PCE that is below expectations naturally supports the narrative for interest rate cuts.
Is the $800 billion valuation a misunderstanding? Musk personally clarifies SpaceX financing rumors [Global Network Technology Comprehensive Report] On December 7, Reuters reported that Tesla CEO Elon Musk spoke out on his personal social media platform, directly refuting the recent heated discussion about the rumor that "SpaceX is conducting financing at an $800 billion valuation," clearly stating that the related information is inaccurate, which has attracted widespread attention in the industry. As one of the most valued private technology companies in the world, SpaceX's financing dynamics and valuation changes have always been a focus of the capital market. Once the rumor of an $800 billion valuation financing emerged, it quickly sparked heated discussions. If this valuation is true, it would place SpaceX far ahead of many tech giants, making it one of the highest-valued private companies globally. However, Musk's timely refutation broke this speculation and refocused the market on SpaceX's financial status and development strategy. Musk emphasized in his statement that SpaceX's core financial advantage lies in "maintaining positive cash flow for many years," and this key information dispelled outside speculation about its reliance on financing to maintain operations. At the same time, he revealed that the company conducts regular stock buybacks twice a year, with the core purpose of providing liquidity support for employees and investors. This operation not only reflects the company's protection of the rights of internal teams and early investors but also indirectly confirms the robustness of its financial status—operating without relying on external financing, relying solely on its operational cash flow to support business operations and shareholder returns. $BTC $USTC $WIN
The Underrated Ethereum - Tom Lee: Ethereum Will Rise to $62,000! At the recent Binance Dubai Blockchain Week, Tom Lee once again became the center of attention. His calls never cease, and this time he boldly stated: Ethereum will reach $60,000 in the coming years. Key points are as follows: · Bitcoin and Ethereum are the engines of the entire Web3 world · Asset tokenization has redefined the narrative logic of ETH · Focus on the ETH/BTC ratio (which is about to break through soon 😮): ETH will become the underlying channel for future financial payments, and a reasonable ETH/BTC ratio should be 0.25. In other words: When Bitcoin rises to $250,000, the reasonable target price for Ethereum would be $60,000 $BTC $ETH $WIN
U.S. inflation unexpectedly cooled in September, seemingly adding another reason for the Federal Reserve to cut interest rates next week. The U.S. Department of Commerce released a key inflation indicator on Friday showing that the inflation rate in September was lower than expected. This report, delayed due to the government shutdown, could further signal a green light for the Federal Reserve to lower interest rates. Data showed that the so-called core Personal Consumption Expenditures (PCE) price index, excluding food and energy items, rose 0.2% month-on-month, unchanged from August data and in line with market expectations; the year-on-year growth rate unexpectedly fell to 2.8%, hitting a three-month low, while the market had expected a continuous third month of 2.9%. Federal Reserve officials use the PCE price index as a primary policy tool for measuring inflation. Although officials will also consider overall and core data, they generally believe core data is a better indicator for measuring long-term inflation trends. This report was delayed by several weeks due to the government shutdown, during which all data collection and economic reporting were suspended. Regarding the next PCE data, the Bureau of Economic Analysis stated that the release date for the next data has not yet been rescheduled. Consumer pullback indicates that before the longest government shutdown in history began on October 1, the main growth engine of the U.S. economy was already slowing. Although more recent data shows that, as shoppers seek discounts, “Black Friday” sales are performing well, consumers are increasingly anxious about the job market, with spending mainly driven by wealthier households. Another report released on Friday showed that consumer confidence rose for the first time in five months in early December. The rise in the University of Michigan index reflects that, with improved inflation expectations, people are more optimistic about their personal financial prospects. $BTC $ETH $THE
The U.S. Securities and Exchange Commission (SEC) will hold a roundtable on cryptocurrency and privacy on December 15.
Wu stated that the U.S. Securities and Exchange Commission (SEC) will hold a roundtable on cryptocurrency, financial surveillance, and privacy on December 15. The agenda has been updated, and it will be hosted by SEC executives, including Chairman Paul S. Atkins and Crypto Task Force Director Richard B. Gabbert, with invitations extended to Zcash founder Zooko Wilcox and several representatives from the cryptocurrency and blockchain fields to speak. $BTC $LUNC $LUNA
The expectation of the Federal Reserve's interest rate cut in December continues to heat up! Goldman Sachs' latest assessment predicts a rate cut in 2026. 【Global Network Finance Comprehensive Report】Affected by weak employment data, market expectations for the Federal Reserve's interest rate cut in December are continuing to rise. The latest data shows that the probability of the Federal Reserve cutting rates by 25 basis points at the December meeting has risen to about 87%. Goldman Sachs Research has clearly assessed in its latest report that there are obvious signs of cooling in the U.S. labor market, and a 25 basis point cut in December by the Federal Reserve is “basically a done deal.” The bank's chief economist, Jan Hatzius, pointed out that the delayed September non-farm payroll report showed weak growth, and other indicators show new layoffs in October, especially for college graduates aged 20 to 24, whose unemployment rate has risen to 8.5%, significantly up from the low point in 2022. For the longer-term path, Goldman Sachs predicts that the Federal Reserve may slow the pace of interest rate cuts in the first half of 2026, ultimately bringing the federal funds rate down to a range of 3%-3.25%. Meanwhile, Kevin Hassett, director of the White House National Economic Council and a popular candidate for the next Federal Reserve chair, is sparking in-depth discussions in the market regarding his policy inclinations and potential execution capabilities. Hassett himself recently stated that he believes the Federal Reserve may cut rates by about 25 basis points at the next meeting. However, Wall Street analysts warn that even if Hassett is appointed, any intention to implement aggressive easing policies will face severe challenges from the Federal Reserve's collective decision-making system. Gregory Peters, co-chief investment officer at PGIM Fixed Income, pointed out that interest rate decisions are made collectively by the committee, and the new chair will find it difficult to push for rapid rate cuts unilaterally. Market concerns about potential personnel changes have reached worries about the independence of the Federal Reserve. Peters stated that these concerns are being translated into risk premiums, which are being factored into the pricing of global sovereign bonds. John Stopford, head of fixed income at Ninety One Asset Management, commented that if the market sees the new chair as a political pawn, it will undermine the credibility of the Federal Reserve. $BTC $ETH $BNB
Supporters of the two major parties in the United States show contrasting emotions: dissatisfaction is significant among Democratic voters, while Republican supporters maintain a high level of approval. This stark contrast in public opinion reflects the ongoing widening of divisions between the two parties. Widespread public resentment and opposition are pushing the United States towards a future filled with uncertainty. $BTC $ETH $SOL
Trump's "naming without naming", a classic "Trump-style insult" at the cabinet meeting! Trump's consistent "artistic insult": first pretends to say "I won't name names", then immediately "incidentally" names Japan and South Korea, making the audience instantly get his dissatisfaction. On December 2, 2025, at a White House cabinet meeting, he performed this "high school homeroom roll call" act again, with CNN video capturing slight laughter, a mix of awkwardness and relief. The gist of his words was: "Many countries are exploiting us, including our allies, they have been exploiting us for years. I won't name them, I won't mention Japan, I refuse to mention South Korea." This is not an isolated case, but a microcosm of Trump's "America First" diplomacy: allies are not "iron buddies", but "profiting partners", needing to pay more or make concessions. When discussing the current government's tariff policy, Trump boasted about "extracting billions of dollars in revenue globally". Then he shifted gears, directly pointing fingers at "allies"—the focus was on trade deficits and military costs. Japan and South Korea, as America's core allies in the Asia-Pacific, have been repeatedly "dissed" by him: Japan "has taken advantage of us for thirty or forty years", and South Korea "should pay for its own defense costs". In short, this phrase "won't name Japan, also refuse to name South Korea" is Trump's "soft knife insult"—a hidden blade behind a smile, unbeatable at the negotiating table. Japan and South Korea need to hurry up and "bleed"; otherwise, tariffs will really take off. $BTC $SAPIEN $ETH
Breaking News: The U.S. Senate confirmed President Trump's nomination of Matthew Orso as a federal judge for the Western District of North Carolina with a vote of 57 in favor and 41 against. On August 22, 2025, President Donald Trump announced his intention to nominate Matthew Orso to serve as a judge for the Western District of North Carolina, to fill the vacancy left by the retirement of Judge Robert J. Conrad Jr. The nomination was officially submitted to the Senate on September 15, 2025. As of October 9, 2025, the Senate Judiciary Committee had approved his nomination with a vote of 14 in favor and 8 against, and the final confirmation vote in the U.S. Senate was 57 in favor and 41 against. Matthew Orso is a partner at the Troutman Pepper Locke law firm in Charlotte. $BTC $ETH $SOL
Binance releases a major announcement: He Yi officially appointed as Co-CEO, global users approaching 300 million
Binance has just released a message that has shaken the entire crypto community: Co-founder He Yi has officially been appointed as Co-CEO of Binance, steering Binance's global business together with Richard Teng. This is not just a high-level personnel change, but also a signaling event in Binance's global expansion plan for 2025. Next, let's clarify the key points. 01 | He Yi officially becomes 'Co-CEO', co-steering with Richard Teng Official announcement today: He Yi has been appointed as Co-CEO of Binance will co-lead Binance's business with current CEO Richard Teng
Buffett said: At certain key moments, you only need to make one or two right decisions, and you win for life. What he really meant to express is that the compounding nature of wealth is essentially driven by a very small number of "high-weight" decisions, and for the remaining 99% of the time, you just need to "not make big mistakes." But what truly made him one of the world's top billionaires were actually those "few" decisions: In 1973, he bought See’s Candies for $13 million, which was when he truly understood the concept of a "brand moat." From 1988 to 1989, he continuously bought Coca-Cola at a cost of about $1.3 billion, which today has a market value of over $30 billion, and the dividends have already returned all the principal. During the financial crisis of 2008-2009, he decisively invested in preferred stocks of Goldman Sachs, GE, American Express, etc., earning over $10 billion. After 2016, he continued to increase his holdings in Apple, which now accounts for over 40% of Berkshire's stock portfolio. These few investments essentially determined the steep rise of Buffett's wealth curve. The thousands of other trades contributed very little. Buffett said: Investing is like this: there is no rule of "three strikes and you're out" in life; you can watch the game infinitely, as long as you swing hard at those few fat pitches. So the full version of Buffett's statement is actually: "You don’t need to do a lot of things; you just need to not mess up at a few really important moments, and swing hard once." When the next "good pitch" that belongs to you comes up, remember to swing with all your might. The rest of the time, patience, compounding, and not doing stupid things have already won over 99% of people. $BTC $TURBO $SUI
BlackRock and other institutions are bearish on U.S. long-term Treasury bonds
[Global Finance Network Comprehensive Report] At 12:00 AM Beijing time on December 3, U.S. Treasury yields showed mixed results; the 2-year U.S. Treasury yield fell by 1.62 basis points to 3.508%, the 3-year U.S. Treasury yield fell by 1.13 basis points to 3.528%, the 5-year U.S. Treasury yield fell by 0.34 basis points to 3.657%, the 10-year U.S. Treasury yield rose by 0.19 basis points to 4.088%, and the 30-year U.S. Treasury yield rose by 0.99 basis points to 4.747%. On the news front, BlackRock, the world's largest asset management company, has turned bearish on U.S. long-term Treasury bonds. BlackRock's Investment Institute released the latest report (2026 Global Investment Outlook), officially downgrading the investment rating of long-term U.S. Treasury bonds from 'Neutral' to 'Underweight', and has decided to further reduce its holdings of Japanese government bonds, while upgrading the investment rating of emerging market hard currency debt from 'Underweight' to 'Overweight'.
【Golden Era】Trump congratulates Dallas, Texas for fully adopting paper ballots, the first step of the Long March Trump: Good news! Dallas County in Texas has fully adopted paper ballots. Many other counties are following suit! Paper ballots are more accurate, safer (with watermarks), faster, and cost only 9% of electronic ballots. All Republican governors should enforce the use of paper ballots. It saves money and preserves freedom. Lead the Democrats out of the swamp of corruption! ——President Trump $BTC $ETH $SOL
US media reported today (Beijing time December 3): "On local time Monday night, President Trump spent five hours posting content on Truth Social, starting from 7 PM to midnight, launching a social media blitz by posting over 160 posts." [Witty] A few comments: Look at Trump's state, he resembles an almost eighty-year-old man suffering from insomnia and loneliness! Restless late at night, from 7 PM to midnight, frantically posting over 160 posts in five hours, which is about 2 minutes per post, sharply criticizing Democrats like Michelle Obama, Pelosi, and Newsom, initiating a so-called 'social media blitz.' There is hardly a trace of presidential calmness and dignity; it is clearly a sign of inner emptiness and unbearable anxiety, trying to fill the void by frantically seeking attention. Under this news, the most discussed topic among American netizens is Trump's mental state and psychological health. $BTC $TURBO $SUI
No matter who it is, the Federal Reserve will become the 'Trump Fed'!\nTrump 'appoints' Hassett: the new head of the Federal Reserve is imminent,\nTrump publicly hinted at a cabinet meeting that National Economic Council Director Kevin Hassett is highly likely to be the next Federal Reserve chairman and plans to officially nominate him in early 2026.\nWhy Hassett?\n63-year-old Kevin Hassett is a core figure in Trump's economic team, with advantages in: \nPolicy alignment: advocates for aggressive interest rate cuts, highly consistent with Trump's 'low interest rates stimulate the economy' philosophy;\nComplete resume: previously served as a Federal Reserve economist and chairman of the Council of Economic Advisers (2017-2019);\nPolitically reliable: deeply involved in formulating Trump's economic policies since 2017, seen as a 'government-friendly' candidate;\nIf Hassett eventually takes the helm of the Federal Reserve, the global financial market in 2026 may welcome a more 'Trump-like' central bank\n$BTC \n\n$ETH \n\n$BNB \n