The forecast for the economic growth of the USA will remain strong until 2026 According to ChainCatcher, the chief economist of Nomura Securities for Asia, excluding Japan, Robert Subbaraman, predicts that the US economy will maintain robust growth, with a projected growth rate of 2.5% in the first half of 2026. This forecast is linked to ongoing investments in artificial intelligence and fiscal expansion. Subbaraman expects that the Federal Reserve will keep interest rates unchanged in December, with a baseline forecast for rate cuts in March, June, and September 2026. Consumer inflation is likely to remain around 3%, but it could rise if financial conditions and liquidity improve.$BTC
The Bank of Japan is likely to raise interest rates in December According to Odaily, three sources in the Japanese government indicated that the Bank of Japan is likely to raise interest rates in December, a step that the government is expected to tolerate. The central bank appears ready to increase the policy rate from 0.5% to 0.75%, as noted by Governor Kazuo Ueda in a speech on Monday. This will be the first rate hike since January of this year. One source stated, "If the Bank of Japan wants to raise rates this month, they should decide on their own. This is the government's position." The source added that a rate hike this month is virtually certain. Ueda mentioned on Monday that the central bank will weigh the "pros and cons" of raising rates this month, indicating a high probability of an increase during the meeting on December 18-19. These remarks have led the market to price in an 80% probability of a rate hike in December, although some market participants are watching how the peaceful government of Prime Minister Sanae Takaiichi may respond. Market attention may focus on the central bank's language regarding the extent to which rates will ultimately be raised, a topic on which Ueda remains uncertain.$BNB
The son of the Ukrainian deputy mayor was killed in Vienna over cryptocurrency According to Odaily, the Vienna police confirmed the brutal murder of 21-year-old Danilo K., the son of Kharkiv deputy mayor Serhiy K. The motive is suspected to be related to his cryptocurrency assets. Two Ukrainian suspects, aged 19 and 45, allegedly forced the victim to reveal the password to his cryptocurrency wallet before beating him to death and burning his body. After the crime, the suspects fled to Ukraine. The case has been transferred to Ukrainian judicial authorities at the request of Austria.$BNB
Spot Ethereum ETFs in the US see significant inflows According to BlockBeats, Farside investors reported a net inflow of $140 million to spot Ethereum ETFs in the US. The inflow distribution includes $53 million in ETHA from BlackRock, $34.4 million in FETH from Fidelity, $4.5 million in ETHW from Bitwise, $27.6 million in ETHE from Grayscale, and $20.7 million in Mini ETH from Grayscale.$ETH
Circle issues additional USDC on the Solana network According to BlockBeats On-chain Detection, Whale Alert reported that Circle issued an additional 500 million USDC on the Solana network in two separate transactions over the last five minutes.$SOL $USDC
2.5 million TON transferred between anonymous addresses According to ChainCatcher, Arkham data shows that at 12:00, 2.5 million TON was transferred from one anonymous address (starting with EQAlAtGz) to another anonymous address (starting with EQD081kd).$TON
The founder of Uniswap criticizes regulatory pressure on DeFi protocols $UNI
According to Odaily, Uniswap founder Hayden Adams expressed concern about the efforts of some traditional financial institutions to have the U.S. Securities and Exchange Commission (SEC) regulate developers of decentralized protocols as centralized intermediaries. Adams emphasized that these institutions, which were involved in the controversial Constitution DAO auction, now claim that DeFi protocols do not meet the standard of 'fair access'. Adams argued that the concept of 'fair access' is being used as a justification for increased regulation. He emphasized that open-source technology, an egalitarian technology, inherently lowers barriers to liquidity creation, fundamentally differing from traditional market-making models.
The value of real assets on BNB Chain has doubled to $1.6 billion According to PANews, the value of real assets on the BNB Chain has doubled in the last 30 days, reaching $1.6 billion. This significant increase highlights the growing interest and investments in blockchain-based assets. BNB Chain continues to attract attention by expanding its offerings and capabilities in the digital asset space.$BNB
Binance Alpha Airdrops 295 H Tokens to Eligible Users Binance announced on X that the second wave of the Humanity Protocol (H) airdrop from Binance Alpha has been launched. Users with at least 242 Binance Alpha Points can receive airdrop of 295 H tokens on a first-come, first-served basis. If the rewards are not fully distributed, the threshold score will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will require 15 Binance Alpha Points. Users must confirm their claim on the Alpha Events page within 24 hours; otherwise, it will be considered that users have waived their claim to the airdrop.
Ethereum Fusaka Update for Improved Layer 2 Transaction Processing According to BlockBeats, the Ethereum Fusaka update is expected to activate in approximately 9 hours at 21:49:11 UTC on December 3, or at 05:49:11 UTC+8 on December 4. This update will occur at both the consensus and execution levels of Ethereum, aimed at enhancing Ethereum's ability to process large-scale transactions from various Layer 2 networks. The block gas limit will be increased to 60 million, and BPO forks will pave the way for future blob parameter adjustments. The update is expected to reduce Layer 2 fees by 40% to 60%, improving the speed and cost-effectiveness of using Layer 2.$ETH
The trader achieves significant profits amid the rise in Ethereum prices According to Foresight News, a trader known as Madji recently achieved a profit of $1.54 million, increasing his initial investment of $500,000 to $2.04 million. Madji actively trades Ethereum (ETH), buying at an average price of $2,910. When the price of ETH recovered above $3,000, he realized significant gains. However, the liquidation price for his long position is set at $2,881, indicating potential risk of losses if the market experiences a downturn.$ETH
The Federal Reserve System returns to profitability amid interest rate adjustments According to Odaily, the Federal Reserve System has reportedly returned to profitability after an unprecedented three-year period of losses, as recent data indicates a return to profitability since early November. This shift is expected to gradually offset the accounting losses previously recorded. Furthermore, as of November 5, the amount of deferred assets of the Federal Reserve System decreased from $243.8 billion to $243.2 billion as of November 26. The reduction in interest rates, in general, has ended the losses of the Federal Reserve System, as it lowered the costs associated with maintaining the target range of federal funds interest rates. After peaking at a level of 5.25% to 5.5% in 2023, the federal funds rate is currently maintained at a level of 3.75% to 4%. Questions regarding conditions in the labor market may lead to further rate cuts by the Federal Reserve System in the future.$BNB
DeAgentAI Reports Unauthorized Access to Discord Server According to BlockBeats, DeAgentAI, an artificial intelligence infrastructure in the Sui ecosystem, announced that its Discord server may have been hacked by cybercriminals, resulting in unauthorized access. The company ensured that on-chain data remains secure and quickly migrated to a new Discord server. DeAgentAI emphasized that it will not send private messages requesting to link wallets or sign any transactions.$BNB
Ethereum exceeds $3,000 amid optimism regarding the upcoming upgrade According to ChainCatcher, Ethereum has regained the $3,000 mark, fueled by market optimism regarding the upcoming Fusaka upgrade. This increase is supported by the overall growth of major altcoins, such as SOL and BNB, pushing the total market capitalization of cryptocurrencies to approximately $3.2 trillion. Timothy Misir, head of research at BRN, noted that the recent price increase is partially related to the liquidation of significant short positions in BTC above $93,000, which triggered a wave of forced buying. Additionally, spot ETF fund flows contributed positively, with the Bitcoin spot ETF in the US recording a net inflow of about $58.5 million, marking the fifth consecutive day of positive inflows.$ETH $BTC $SOL
The Australian Bitcoin Association challenges ABC News report on cryptocurrency According to Odaily, the Australian Bitcoin Industry Association has filed an official complaint against an article published by ABC News. The Association claims that the article contains 'numerous factual errors' and 'biased coverage.' The controversial material from ABC News claims that Bitcoin 'has no practical use' and is predominantly used by 'those who operate in the shadows.' The Association urges ABC News to issue a correction and include expert opinions from the cryptocurrency sector in future reports.$BTC
Bitfury plans to invest 50 million dollars in the decentralized AI network Gonka According to Odaily, the cryptocurrency mining company Bitfury announced its intention to invest 50 million dollars in the decentralized artificial intelligence computing network Gonka. Launched in August, the Gonka network currently has computing resources equivalent to approximately 6,000 NVIDIA H100 GPUs. Last month, Bitfury announced a strategic investment of 12 million dollars in GNK Gonka AI tokens.$BNB
Strategy joins the Open Semantic Interchange standard to enhance data interoperability According to Foresight News, Bitcoin treasury company Strategy announced its participation in the Open Semantic Interchange (OSI) standard. This semantic exchange standard, launched by tech giants Salesforce and Snowflake, aims to address the issue of data interoperability for enterprises by providing a unified semantic structure for data consistency across platforms. Strategy plans to accelerate its open ecosystem strategy with its AI-driven universal semantic layer, Strategy Mosaic.$BTC
A cryptocurrency wallet was found on the fugitive's computer, UK police are investigating According to Odaily, a report from Caijing reveals that the computer belonging to fugitive Qian Zhimin contained a cryptocurrency wallet. During several searches conducted by UK police, multiple electronic devices were seized, including phones, computers, and USB drives. One of the USB drives contained photographs of pages from notebooks that were reportedly torn out before being confiscated by the police. These pages contained passwords for downloads and mnemonic phrases for the black computer, such as 'number + love', along with numeric clues that facilitated the detection of Bitcoin. Furthermore, Caijing reported that last month the Supreme Court held the eighth national conference on criminal justice, dedicated to improving judicial rules and focusing on new issues such as the handling of virtual currencies involved in cases, and the certification of electronic evidence.$BNB
Further Asset Management and 3iQ Corp. launch a market-neutral digital asset hedge fund According to ChainCatcher, the digital investment company from the UAE, Further Asset Management has partnered with the pioneer of global solutions for investing in digital assets, 3iQ Corp., to launch the Further x 3iQ Alpha Digital Fund. This hedge fund with a market-neutral strategy offers risk management for investments in digital assets, including a specialized class of Bitcoin shares. The fund received $100 million in initial funding from institutional investors, family offices, and sovereign investors. It aims to provide institutional investors, family offices, and sovereign wealth funds with a safe and efficient way to obtain excess returns in the liquid digital asset space within a robust institutional framework, targeting potential double-digit returns.$BTC
The Cardano Foundation appoints Stephen Wood as Chief Financial Officer According to Foresight News, the Cardano Foundation has announced the appointment of Stephen Wood as Chief Financial Officer. Wood will be responsible for overseeing the financial strategy, managing financial processes, overseeing fund management, risk management, and leading the finance team. Wood previously held the position of Chief Financial Officer and Executive Committee member at Copper.co, a provider of digital asset infrastructure. He has over 20 years of experience in managing financial functions in fast-growing, complex organizations, with expertise spanning both traditional finance and the digital asset sector. His career began at Verint, where he held various financial positions for 15 years, including managing financial planning and global corporate performance management. Additionally, Wood held leadership roles at Keyko, where he integrated blockchain technology into accounting practices.$ADA