According to BlockBeats, Saunders, head of the fixed income department at Madison Investments, noted in a report that the ongoing steepening of the U.S. Treasury yield curve underscores a crucial point: the limitations of monetary policy's impact on the market. Saunders explained that policy changes can significantly affect the front end of the yield curve, but longer-term structural issues, such as inflation exceeding targets and large fiscal deficits, will continue to exert pressure on the back end. He mentioned that Federal Reserve Chair Powell's acknowledgment of a weakening labor market quickly led to bond purchases, reversing the initial sell-off of U.S. Treasuries and steepening the yield curve. Madison Investments anticipates that the Federal Reserve's pace of easing will slow down from now on, with expectations that the Fed will maintain interest rates unchanged until the second quarter of 2026.

据官方消息， Gate Alpha 将于 12 月 11 日 18:00（UTC+8）开启第 124 期 BTX 积分空投。本次空投将启用高低档位的阶梯空投模式，用户持有 130 ≤ Gate Alpha 积分 ≤ 175 可领取 80 BTX 空投代币，并将消耗 11 Gate Alpha 积分；持有 ≥ 176 Gate Alpha 积分即可领取 270 BTX 空投代币，并将消耗 14 Gate Alpha 积分。Gate Alpha 今日涨幅排名 Top 4 币种为：Papi (334.77%)、DOYR (127.46%)、year of yellow fruit (101.93%) 和 Shih (86.07%)。Gate Alpha 现已支持 SOL、ETH、Gate Layer、BNB Chain、Base、SUI、ARB、World Chain、AVAX、Polygon、LINEA、ZK、OP 和 Berachain 等热门公链，并可通过合约地址搜索功能实现全链代币无缝交易，打通跨链交易链路，实现链上代币一键尽有。

此次决议更凸显美联储内部不同寻常的分歧，是自 2019 年以来首次出现的三票反对情形。

Bitcoin MENA 2025 于 12 月 8 日至 9 日在阿联酋阿布扎比成功举办，该活动也是 Antalpha 于 2025 年 5 月在纳斯达克完成传统 IPO 后的首次大型全球行业亮相，Antalpha 首席运营官兼美洲与欧洲中东非洲区 CEO Dr. Derar Islim 表示：“Bitcoin MENA 2025 清晰展示了比特币全球叙事的变化焦点——从短期价格波动转向长期金融基础设施建设。Michael Saylor 所提出的‘比特币支撑型数字银行’理念，与 Antalpha 多年来的战略方向完全一致。我们相信，比特币不仅是数字黄金，更将成为机构信贷市场与现代金融体系的底层储备资产。Antalpha 的使命，是以透明、稳健和机构级的方式，为这一未来提供所需的技术、融资工具与风险管理能力。 ”

Gemini adds support for Ripple’s stablecoin, RLUSD, on the XRP Ledger, enabling faster and lower-cost transactions. source: https://www.cryptopolitan.com/gemini-rlusd-support-on-xrpl-instant/

MetaMask integrates Polymarket, enabling direct prediction market trading from wallets, supporting multichain funding and expanding access to real-world event speculation. source: https://catenaa.com/markets/cryptocurrencies/metamask-integrates-polymarket-to-enter-prediction-market-sector/

Sungmo Park, former APAC lead at Monad Foundation and Polygon Labs, has been named to head a16z's efforts in the region. source: https://www.theblock.co/post/382147/a16z-crypto-south-korea-office?utm_source=rss&utm_medium=rss

Hidden crypto exchange fees can quietly erode trader profitability through widened spreads, slippage, inflated withdrawal charges, and opaque currency conversion rates—costs rarely reflected in standard fee tables. Key Insights It is easy to trade as normal without thinking much about fees. However, these fees can quickly eat into capital as well as profits. These fees become a problem when traders believe that they are paying a certain amount but end up paying more source: https://voiceofcrypto.online/voc-explained/are-hidden-crypto-exchange-fees-silently-draining-your-profits

State Street Investment Management and Galaxy Asset Management are launching a tokenized private liquidity fund on Solana, with Ondo expected to invest $200 million. source: https://cointelegraph.com/news/state-street-galaxy-ondo-onchain-cash-sweep-solana?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/lookonchain/status/1999039018340909249

Lee claimed that the ISM Index moving back above 50 is a positive signal and has "historically been associated with super cycle moves in Bitcoin and Ethereum. " source: https://www.theblock.co/post/382149/ethereum-bottom-tom-lee-bitmine-eth-treasury?utm_source=rss&utm_medium=rss

密货币行业正面临着巨大的知识普及难题—— 晦涩的专业术语与独特的行业亚文化，都让大众望而却步。

当稳定币走向全球化与多样化，我们究竟需要怎样的基础设施与机制，才能让它真正成为普惠金融的入口？

这些不同的“钱”背后，代表着不同的账本和不同的负债主体，也意味着完全不同的风险结构、监管逻辑和国家战略意图。

回顾加密货币市场 2025 年的增长轨迹，Hyperliquid 始终是绕不开的核心话题。

根据American Dynamism和应用（Apps）团队的看法，2026年创业者们将攻克的最大问题。

美联储明确宣告，2025–2026年的货币政策主线不再是“抗通胀”或“软着陆”，而是“防止流动性危机”。后续所有宏观叙事都必须围绕这一新主线重新构建。

美联储隔夜宣布将根据需要开始购买短期美债，纽约联储同步公告计划未来30天买入400亿美元短期国债，尽管RMP并非QE但市场不在乎，美债、美股、黄金和原油齐涨。

Ken意识到，加密货币不过是赌场，而非革命。但真正答案是：务实乐观才是正确的态度。

The gradual print begins.