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The SEC is expected to issue an innovation exemption for the crypto industry. The UK "Digital Assets and Other Property Act" has come into effect. BlackRock's CEO revealed that sovereign wealth funds are buying bitcoin. Bank of America recommends clients allocate to crypto assets. Bitcoin selling pressure is nearing its end. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the gambling nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for further discussion and exchange.
The article discusses the concept of modular blockchains and Ethereum's performance improvement through the Fusaka upgrade. It analyzes the challenges faced by DA layers such as Celestia and highlights Ethereum's advantages. The summary was generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated.
- 09:52Ethereum CEX reserves hit their lowest level since 2015, with the market entering an "extremely scarce" supply stateBlockBeats News, December 7, the balance of Ethereum on centralized exchanges has dropped to a historic low, prompting analysts to warn of a potential supply squeeze. The latest data shows: The ETH reserves on exchanges fell to just 8.7% of the circulating supply last Thursday, the lowest level since the network launched in 2015. As of Sunday, it remained at only 8.8%, staying in an extremely low range. Since July, the amount of ETH on exchanges has plummeted by 43%. During the same period, institutional holdings and Digital Asset Treasuries (DAT) have accelerated their accumulation. Research firm Milk Road pointed out: "ETH is quietly entering the tightest supply environment in history, something we've never seen before." In contrast, bitcoin's exchange reserves are still at 14.7%. Analysts believe that a large amount of ETH is locked in scenarios where it cannot be quickly sold, including: Staking & restakingLayer2 activitiesDAT treasuriesCollateral cyclesLong-term custodyMilk Road stated that the supply squeeze could drive prices higher once sentiment shifts: "Sentiment can be pessimistic, but sentiment cannot change the supply structure. When sentiment and supply diverge, prices will eventually follow supply changes." Analyst Sykodelic also pointed out that Ethereum's OBV (On-Balance Volume) has broken through resistance, but the price was briefly rejected, which is a typical "divergence" and usually signals hidden buying power, building momentum for a subsequent rally.
- 09:52The probability of the Federal Reserve cutting interest rates by 25 basis points in December is now reported at 86.2%.BlockBeats News, December 7, according to CME "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 86.2%, while the probability of keeping rates unchanged is 13.8%. The Federal Reserve will announce the US interest rate decision for the period ending December 10 at 3:00 AM (GMT+8) on December 11 (Thursday), with an expected rate of 3.75%, compared to the previous value of 4.00%. At 3:30 AM, Federal Reserve Chairman Powell will hold a monetary policy press conference.
- 09:02Kalshi releases new SDK, covering API functions for trading, market data, and portfolio managementForesight News: Prediction market Kalshi has officially released a new SDK. Its features include comprehensive API functions covering trading, market data, and portfolio management, authentication using RSA-PSS signatures, as well as automatic request signing and timestamp processing.