▌The US address transferred 19,800 BTC, approximately US$1.92 billion

According to Arkham data, the US address transferred 19,799.99 BTC, approximately US$1.92 billion.

▌Informed sources: SpaceX discusses selling insiders’ shares at a valuation of approximately US$350 billion

According to people familiar with the matter, Musk’s Space Exploration Company (SpaceX) discusses selling shares at a valuation of approximately US$3500. Sale of insiders' shares valued at US$100 million.

As of press time, according to Coingecko data:

The recent transaction price of BTC was US$95,869.81, with an intraday increase or decrease of -1.4%;

ETH The latest transaction price was US$3,645.37, with an intraday increase or decrease of -1.7%;

BNB’s latest transaction price 647.50 US dollars, with an intraday increase or decrease of -1.2%;

SOL's recent transaction price was 225.69 US dollars, with an intraday increase or decrease of -4.8%;

DOGE's recent transaction price was 0.4244 yuan, with an intraday increase or decrease of The increase or decrease was -3.5%;

XPR’s recent transaction price was $2.71, with an intraday increase or decrease of +18.9%.

▌Musk: DOGE’s last step is to abolish itself

Vivek Ramaswamy, another head of the Department of Efficiency (DOGE) appointed by Trump, posted: Most projects should have clear deadlines. That's why we've also set a date for the Efficiency Department: July 4, 2026. Musk forwarded a post saying that the last step for the Efficiency Department is to abolish itself. Earlier, Trump said at Mar-a-Lago in Florida that the "Department of Efficiency" will release its final report on July 4, 2026. According to the US "Newsweek", although the "Department of Efficiency" led by Musk is currently taking the lead, its biggest role is to serve the US mid-term elections and send a "big gift package" to the 250th anniversary of the founding of the United States in 2026.

▌Sonic Labs mainnet generates the first block, and token airdrop snapshot is completed

Layer1 blockchain project Sonic Labs (formerly Fantom) announced its The mainnet has generated its first block, marking the completion of the "Genesis" phase, and is expected to be officially launched soon. A few days ago, the project also launched the upgraded test network "Blaze".

In addition, Sonic Labs has completed the S token airdrop distribution snapshot, supports 1:1 FTM token exchange with Fantom, and introduced Sonic Gateway to realize the cross-chain bridging function.

▌Coinbase integrates Apple Pay into its deposit and withdrawal services

According to developer documentation, the US crypto exchange Coinbase is integrating Apple Pay is integrated into its fiat-to-crypto deposit and withdrawal service. The product, called Coinbase Onramp, offers one-click purchasing and is designed to reduce the red tape that users need to go through when funding their self-hosted wallets.

Using cryptocurrencies often involves "a lot of friction, so users give up," Coinbase said in a statement. Onramp, formerly known as Coinbase Pay, is essentially a software development kit (CDK) and a set of APIs that enable programmers to embed fiat-to-crypto conversion functionality into their mobile or web applications and browser extensions.

▌ RTFKT, the NFT subject of Nike, announced that it will gradually close its operations

RTFKT, the NFT subject of Nike, announced on the X platform that it will gradually close its operations. Its Web3 service will be closed by the end of January 2025. To conclude, it is reported that RTFKT plans to launch an updated website showcasing the pioneering work that has defined RTFKT’s journey, and before the transition period of this operational shutdown, RTFKT will launch another innovation in December this year: MNLTH X, powered by BLADE DRoP, is committed to pushing boundaries and merging worlds, and additional information about specific collections, sites and services will be communicated via its Discord and official channels.

▌Bernstein: The U.S. Ethereum ETF may soon launch a staking income function

According to Bernstein’s report on December 2, the U.S. Ethereum exchange-traded fund (ETF) may soon launch a staking yield feature. Bernstein analysts said: "We believe that under Trump 2.0's new crypto-friendly [U.S. Securities and Exchange Commission] leadership, the ETH staking yield feature is likely to be approved."

Data shows, As of December 2, the ETH staking annualized percentage return (APR) in ETH was approximately 3.1%, and Bernstein said: “We believe that as the level of activity on the Ethereum blockchain network increases, ETH The yield can further rise to 4-5%.”

▌Research: Trump’s inauguration may become a short-term high for the crypto market

U.S. President-elect Trump will be there. He will officially take office on January 20, 2025. Market research shows that cryptocurrency prices may undergo an adjustment thereafter. Markets in U.S. presidential election years typically perform strongly after the election and tend to cool down after the president takes office, according to data from Bloomberg and Macrobond Financial.

▌The net outflow of GBTC yesterday was US$28.1 million, and the net outflow of ETHE was US$44.4 million.

According to Farside Investors monitoring data, the US spot Bitcoin ETF andThe fund data of spot Ethereum ETF yesterday (December 2) are as follows:

Spot Bitcoin ETF: GBTC had a net outflow of US$28.1 million, EZBC had a net inflow of US$5.6 million, BTCW had a net inflow of US$6.9 million, and BTC had a net inflow of US$6.9 million. Inflow of $6.4 million.

Spot Ethereum ETF: ETHE had a net outflow of US$44.4 million, and there was no inflow or outflow of EZET and ETH.

▌CryptoQuant CEO: Bitcoin trading volume on Coinbase dropped over the weekend

CryptoQuant CEO Ki Young Ju posted on the X platform that since institutional brokers mainly trade on weekdays, Bitcoin trading volume on Coinbase drops over the weekend, and users can gauge institutional activity by comparing weekday and weekend averages. This gap has widened significantly over the past two years. Unless this trend reverses, avoid shorting BTC (as it will be liquidated by Michael Saylor and the ETF).

▌The probability that the Federal Reserve will cut interest rates by 25 basis points in December rises to 74.5%

According to CME's "Fed Watch", the Federal Reserve will maintain current interest rates until December. The probability of a change is 25.5%, and the probability of a cumulative 25 basis point interest rate cut is 74.5%. The probability of keeping current interest rates unchanged by January next year is 20.6%, the probability of a cumulative 25 basis point interest rate cut is 65.1%, and the probability of a cumulative 50 basis point interest rate cut is 14.3%.

▌Fed Williams: The Fed is expected to cut interest rates further

New York Fed President Williams said on Monday that as inflationary pressures continue to cool, the Federal Reserve may further lower its interest rate target. "The currency remains in a restrictive range to support a sustainable return of inflation to the 2% target," Williams said in a speech at a meeting of the Queens Chamber of Commerce in New York. Looking ahead, "I expect that over time, continued A move to a more neutral setting would be appropriate," Williams said, adding the path would depend on the data. If we've learned anything over the past five years, it's that the outlook remains highly uncertain. Williams gave no clear guidance on the timing of a rate cut or whether he believed the Fed would lower its interest rate target at this month's FOMC meeting.

▌The probability of the Federal Reserve cutting interest rates in December has increased, and the U.S. dollar has fallen

The two-year U.S. Treasury yield fell 2 basis points in the short term, and was last at 4.18%. The U.S. dollar index fell 15 points in the short term. U.S. interest rate futures slightly increased the probability of a 25 basis point rate cut by the Federal Reserve this month to 70%. On the news, Fed Governor Waller is leaning toward a rate cut in December.

▌What is chain abstraction?

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks. Blockchain chain abstraction aims to hide or “abstract the"Technology to solve this problem. This means people don't know they are using a blockchain or which blockchain they are using. The chain abstraction works by providing a single interface that enables users and developers to interact with multiple blocks Chains interact without having to manage the complexity of each individual chain.

Disclaimer: As a blockchain information platform, the content of articles published by Golden Finance is for informational reference only and does not serve as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.