Everbright Futures commented that COMEX gold prices surged significantly in the late session, closing at $4133.8 per ounce, a gain of 1.33%. Domestic SHFE gold opened higher and fluctuated in the night session, closing at 934.74 yuan per gram, a gain of 0.541%. As instability in the US financial markets became more apparent, the Federal Reserve adopted a dovish stance on a December rate cut. Last night, San Francisco Fed President Daly expressed support for a rate cut at next month's meeting, arguing that a sudden deterioration in the job market was more likely and more difficult to manage than soaring inflation. Combined with previous statements from the New York Fed President supporting a rate cut, this significantly increased the probability of a December rate cut, temporarily easing market concerns about liquidity. US stocks stabilized, the dollar weakened, and gold performed strongly in the short term. Geopolitically, the US and Russia proposed a 28-point "peace agreement" on the Russia-Ukraine conflict, with significant differences among the parties. Ukraine subsequently stated that the US and Ukraine had finalized a new draft peace agreement, while Russia stated that the European proposal was not constructive and that the US proposal could, in principle, serve as the basis for a peace agreement. Gold prices have been relatively strong in the short term, boosted by expectations of interest rate cuts. However, with signs of easing tensions between Russia and Ukraine and the lack of sustainability in the Fed's passive rate cuts, gold may maintain a high-level consolidation trend in the near future. In terms of trading strategy, given the continued uncertainty surrounding gold's future price movement, investors should remain on the sidelines or consider buying on dips from an asset allocation perspective. (Jinshi)

According to ChainCatcher, a Cayman Islands court has issued an injunction this week preventing Maple Finance from launching its yield-based Bitcoin product, syrupBTC. This legal action highlights the gap between decentralized finance (DeFi) products and traditional legal frameworks. Core Foundation has accused Maple of breaching an exclusive contract, alleging that Maple used information obtained during their collaboration on IstBTC to develop the competing product syrupBTC. Maple, which manages over $3 billion in assets, denies any wrongdoing, asserting that syrupBTC was independently developed. The company plans to return 85% of the principal to BTC Yield lenders, with the remaining 15% to be released following the resolution of legal proceedings. Experts have noted that this case demonstrates the necessity for decentralized blockchain products to adhere to existing contracts and legal standards. Block Street CEO Hedy Wang emphasized the importance of off-chain contracts, stating that DeFi is not beyond the reach of the law. Axelar legal advisor Jason Rozovsky highlighted the need for assets to be stored in a bankruptcy-remote manner to protect user rights.

According to Foresight News, Vitalik Buterin has commented on the potential data breach involving major banks such as JPMorgan Chase, Citigroup, and Morgan Stanley. The breach may have occurred due to a cyberattack on SitusAMC, a mortgage technology provider. Buterin stressed that privacy should be considered a fundamental requirement rather than just a feature.

null source: https://x.com/lookonchain/status/1993130583325856023

Sui posted on the X platform that R25 has launched rcUSD and rcUSDp, interest-bearing tokens backed by diversified and compliant real-world assets.

1. Multicoin Capital purchased 278,000 AAVE tokens within a month and a half, currently showing a floating loss of $13.9 million; 2. Total liquidations across the network reached $367 million in the past 24 hours, including $255 million in short positions; 3. Federal Reserve's Kashkari: Artificial intelligence does have practical applications, but not in the cryptocurrency field; 4. CZ: "Jackie Chan will star in his biographical documentary" is fake news; 5. Machi Big Brother deposited another $1 million, going long $13.35 million in ETH; 6. D.O.G.E: Reuters' report on its closure is fake news; 7. A newly created wallet opened a $43.53 million short position in BTC with 20x leverage; 8. Google plans to directly sell TPU to Meta, potentially further eroding Nvidia's market share; 9. CME's "FedWatch": The probability of the Fed cutting interest rates by 25 basis points in December is 81%; 10. Federal Reserve's Daly: Supports a December rate cut, citing a fragile labor market; 11. CME Group's open interest in U.S. Treasury bonds hits a record high of 35 million contracts.

Following the potential breach of customer data from several major US banks due to a cyberattack on mortgage technology provider SitusAMC, Ethereum co-founder Vitalik Buterin commented on privacy, stating that "Privacy is Hygiene." The breach stemmed from unauthorized access to SitusAMC's systems, with the company confirming on Saturday that threat actors had stolen data related to several large financial institutions, including "accounting records and legal agreements" and "data related to certain customers." Affected banks include JPMorgan, Citi, and Morgan Stanley. In a tweet responding to the incident, Buterin stated that privacy should be considered a fundamental digital "hygiene" habit, not an optional feature. This aligns with his consistent emphasis this year that privacy is a basic requirement of digital systems, not an add-on. In an April article, Buterin outlined Ethereum's path to supporting stealth addresses, selective disclosure, and application-layer zero-knowledge tools, aiming to reduce the problem of structured data exposure in traditional finance and public blockchains. The crypto space is seeing a growing focus on privacy: Ethereum is advancing protocol-level tools and new privacy Layer 2, Bitcoin is working on Taproot upgrades and wallet-based approaches, and Solana is integrating around the Light Protocol. Furthermore, the privacy-focused cryptocurrency Zcash is gaining more attention. Quinten van Welzen, Head of Strategy and Communications at Zano, stated that “default privacy” ensures everyone automatically benefits from strong crypto protection without needing to understand complex tools or make conscious privacy decisions for every transaction. Bitcoin’s anonymous founder, Satoshi Nakamoto, wrote in 2009: “We have to trust banks to hold our money and make electronic transfers, but they lend it out wave after wave with credit bubbles, and reserves are only a tiny fraction of it. We have to trust banks to protect our privacy, trust them not to let identity thieves empty our accounts.”

According to PANews, a cyberattack on SitusAMC, a mortgage technology provider, has potentially compromised client data from major U.S. banks, including JPMorgan Chase, Citigroup, and Morgan Stanley. The company confirmed on Saturday that a threat actor stole data related to several large financial institutions, including accounting records, legal agreements, and some customer information. The extent, nature, and severity of the breach are currently under investigation. Ethereum co-founder Vitalik Buterin commented on the incident, stating, "Privacy is not a feature, but a hygiene habit." His response aligns with his ongoing emphasis this year on viewing privacy as a fundamental requirement of digital systems rather than an additional feature.

Programmable datachain provider Irys announced on the X platform that airdrop applications will open at 8 PM Beijing time tonight and close at 8 PM on December 25th, with a snapshot date of November 11th. Furthermore, Irys stated that the top 10,000 participants on Galxe will receive the airdrop; all Genesis NFT holders who have previously registered for the airdrop are eligible.

Circle officially released a unified authorization and on-chain settlement solution on the X platform. Circle Payments Network (CPN) now supports a new process using @Uniswap's Permit2, simplifying the authorization and settlement of stablecoin transactions. What does this mean for developers? → No blockchain processing fees charged for the native token → No original transaction signature → No randomness management → Automatic transaction acceleration when necessary → Developers can now easily integrate secure, compliant, and fully abstract on-chain payments using only USDC and a signature, leveraging Permit2 and CPN's new payment settlement contracts.

San Francisco Fed President Mary Daly, Fed Governor Christopher Waller, and other Fed officials have voiced their support for a December rate cut, arguing that risks to the job market have outweighed the threat of inflation. The market reacted swiftly, with bets on a rate cut surging from 40% to 80%.

Amazon announced on Monday that it will invest up to $50 billion to expand the U.S. government’s AI and supercomputing capabilities, with construction scheduled to begin in 2026.

In the AI ​​era, ordinary people can hardly compete with quantitative trading giants in the stock market. Recognizing reality, staying away from high-frequency gambling, and protecting one's principal is the wise course of action.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2889, providing you with the latest and fastest news on the digital currency and blockchain industry.

On the eve of the South Africa summit, the G20's financial risk regulator warned world leaders that the booming private credit market and stablecoins deserve close monitoring.

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.

This article attempts to analyze the operational logic of so-called "spider web capitalism 2.0" by starting with the Chen Zhi case.

In the past month, a seemingly minor but significant event has occurred in the cryptocurrency industry, one that has shaken the entire ecosystem: publicly known Bitcoin miners have collectively fallen silent.

This study reveals the challenges and shortcomings in cross-border crime governance in the digital age, and provides an important example for examining the legal status and regulatory path of cryptocurrencies.

A government agency named after Dogecoin, which entered the scene with Musk's chainsaw and promises to reshape America, quietly withdrew before its time was up.