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Trump has stated he will announce his successor as Federal Reserve Chairman to Jerome Powell early next year. Although he claims to have already made up his mind, the months-long "draft" continues to be suspenseful. Chief economic advisor Hassett, a proponent of interest rate cuts, is considered a leading candidate.

According to ChainCatcher, Arkham data reveals that at 08:28, 22 BTC, valued at approximately $2 million, were transferred from Cumberland DRW to an anonymous address starting with 3Jfa.

According to ChainCatcher, CME Group has announced the launch of a new Bitcoin Volatility Index to measure market uncertainty. This index, which draws on the implied volatility of Bitcoin and Micro Bitcoin options, is designed to enhance options pricing and risk management, similar to the VIX in the stock market. The Bitcoin Volatility Benchmark, developed in collaboration with CF Benchmarks, includes the real-time index BVX and the settlement index BVXS. These are the first benchmarks to directly measure 30-day forward implied volatility, derived from the CME Bitcoin and Micro Bitcoin options order book. The indices use variance swap pricing to isolate volatility exposure. BVX is published every second during trading hours, while BVXS is released at 16:00 London time.

Aave, the largest decentralized lending protocol, has historically taken a maximalist approach towards deploying on new blockchains. source: https://www.theblock.co/post/381157/aave-dao-multichain-strategy-deprecating-zksync-metis-soneium?utm_source=rss&utm_medium=rss

According to Cointelegraph, American entrepreneur and investor Kevin O’Leary has expressed skepticism regarding the speculation that the U.S. Federal Reserve will cut interest rates in December, a move often seen as favorable for cryptocurrencies. Despite this, O’Leary does not foresee a Fed rate hold negatively affecting Bitcoin's price. During an interview on Tuesday, O’Leary, also known as “Mr Wonderful,” stated, “I don’t actually think the Fed's gonna cut in December,” emphasizing that it won’t significantly impact Bitcoin. O’Leary further elaborated on his investment strategy, noting that he is not investing with the expectation of a rate cut. He cited various reasons why the Federal Reserve might refrain from cutting rates, including persistent inflation. The annual inflation rate rose to 3% in September, marking the highest level since January. O’Leary highlighted the dual mandate of full employment and inflation, mentioning that tariffs and input costs are beginning to take effect. Despite these concerns, market participants have assigned an 89.2% probability to a Fed rate cut in December, according to the CME’s FedWatch Tool. Crypto traders typically view Fed rate cuts as bullish for riskier assets like cryptocurrencies, as investors often shift from bonds and term deposits that become less attractive. However, some fear that an unexpected Fed rate decision could negatively impact Bitcoin's price and the broader crypto market. O’Leary, however, does not anticipate this scenario. He believes Bitcoin has found “a level for now” and does not predict the price will drop significantly. “I think it’s going to sort of drift within 5% of where it is now, in either direction, but I don’t see a lot of upside catalyst,” O’Leary remarked. Bitcoin has declined by 17.35% over the past 30 days, according to CoinMarketCap, and is currently trading at $91,440. Market expectations for a December rate cut have fluctuated significantly in recent weeks. On November 19, the odds of an interest rate cut at the December meeting dropped to 33%, following a period where investors placed the odds at about 67% during the first week of November. However, by November 21, the odds nearly doubled to 69.40% after New York Fed President John Williams made dovish remarks, suggesting the Fed could cut rates “in the near term” without jeopardizing its inflation goal. Bloomberg analyst Joe Weisenthal attributed the sharp increase in odds to these comments. Following the first rate cut of 2025 in September and another in November, markets broadly anticipated the Federal Reserve would continue easing policy through the end of the year.

Kevin O’Leary said he is not positioning his investments around expectations that the US Federal Reserve will cut rates in December. source: https://cointelegraph.com/news/kevin-oleary-bitcoin-price-crypto-united-states-federal-reserve?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

New liquidity-based valuation models suggest Bitcoin’s fair value sits near $165,000 due to its historically tight correlation with global liquidity trends. source: https://btcusa.com/global-liquidity-models-point-to-a-fair-value-of-165000-for-bitcoin/

XRP spot ETFs have locked in 11 straight days of inflows, marking one of the strongest demand streaks since their launch. New data from SoSo Value shows cumulative inflows reaching $756. 26 million as of December 1, putting the category on a rapid trajectory toward the $1 billion milestone source: https://www.ethnews.com/xrp-etfs-extend-inflow-streak-to-11-days-as-assets-surge-toward-1-billion/

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2897, providing you with the latest and fastest news on the digital currency and blockchain industry.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Zhao Binghao, Dean of the Institute of Financial Technology and Law at China University of Political Science and Law, pointed out that the central bank's explicit classification of stablecoins as virtual currencies does not mean that stablecoins are "contraband" in the sense of criminal law.

After the massive sell-off on 10.11, the crypto market did not see a retaliatory rebound. Instead, it continued to plummet in November, with Bitcoin falling below the $90,000 mark and Ethereum dropping to around $2,800.

Recommended reading tonight: 1. Four-year cycle fails; BTC price may hit a new high next year; 2. Trump "handpicks" him as the next Fed chairman?; 3. Ethereum's next decade;

LambdaClass founder Fede explains antifragility, the 1 Gigagas scaling goal, and the Lean Ethereum vision.

The future may not belong to any particular form of currency, just as it never has. It may belong to the range from cash to digital currency.

Valentino faced criticism after releasing an AI-generated advert for its DeVain handbag, with many calling the visuals unsettling and poorly made. The backlash highlights concerns that using AI in luxury campaigns may reduce human creativity and the brand’s artistic appeal.

If more companies adopt this model, membership points will evolve into something more useful than the useless points we've always accepted.