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Crypto investment products continued their recovery last week, marking the second consecutive week of inflows after a sharp four-week, $5.5 billion drawdown in November, according to CoinShares’ latest report.Digital asset ETPs brought in $716 million in new capital, extending the prior week’s $1 billion surge. Total assets under management have now climbed back above $180 billion, an 8% rebound from the monthly lows — though still well below the $264 billion AUM peak.CoinShares’ head of research, James Butterfill, noted that minor outflows late in the week reflected investor reactions to U.S. macroeconomic signals pointing to “ongoing inflationary pressures,” but added that the broader trend remains supportive.Bitcoin Leads Inflows as Chainlink Posts a Record WeekBitcoin ETPs once again dominated activity, attracting $352 million in inflows — nearly half of the total.XRP funds followed with a strong $244 million, underscoring continued institutional interest after ETF launches.Chainlink stood out with a record inflow of $52.8 million, representing 54% of its total AUM — one of the highest percentage increases of any asset this year.Meanwhile:Ether products added $39 millionShort Bitcoin ETPs saw $19 million in outflows, signaling fading bearish sentimentProShares Leads Issuers; BlackRock Sees Rare OutflowsIssuer-level flows showed notable divergence:ProShares recorded the largest inflows at $210 millionBlackRock, despite being the largest crypto ETP issuer by AUM, saw $105 million in outflowsARK Invest logged $78 million in outflowsGrayscale saw a smaller $7 million withdrawalThis shift suggests tactical rotations within institutional portfolios as markets adjust to evolving macro expectations.Global Inflows Broad-Based, Led by the U.S., Germany, and CanadaFlows were positive across nearly all regions:United States: +$483 millionGermany: +$97 millionCanada: +$80.7 millionSweden was the notable exception, seeing $5.6 million in weekly outflows, bringing its year-to-date withdrawals to $836 million, the highest global total.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.13T, up by 2.98% over the last 24 hours,Bitcoin (BTC) traded between $87,719 and $92,287 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $91,950, up by 3.10%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include ACA, GLMR, and VOXEL, up by 38%, 18%, and 16%, respectively. Top stories of the day:U.S. Treasurys Lead RWA Tokenization Boom as CoinShares Forecasts Major 2026 Expansion Bitcoin and Chainlink Lead $716M Crypto Fund Inflows in Continued Market Rebound Japanese 10-Year Government Bond Yield Reaches Highest Level Since 2007 Solana's DEX Trading Volume Leads for 16 Consecutive Weeks S&P 500 Projected to Rise by 18% by 2026, Says Oppenheimer Strategist Cryptocurrency Market Sees Continued Growth Amid ETH Holdings U.S. Dollar Declines as Markets Anticipate Federal Reserve Policy Decision  Binance Secures Regulatory Approval from ADGM for Global Operations U.S. GDP Growth Projected to Reach 3% This Year Harvard University Expands Bitcoin and Gold Investments in Q3Market movers:ETH: $3157.46 (+4.22%)BNB: $908.53 (+2.21%)XRP: $2.1064 (+3.86%)SOL: $138.09 (+4.86%)TRX: $0.2866 (+0.70%)DOGE: $0.14396 (+3.76%)ADA: $0.4348 (+4.67%)WLFI: $0.1512 (+2.44%)WBTC: $91840.78 (+3.11%)BCH: $599.6 (+3.41%)

According to BlockBeats, the cryptocurrency ETF market showed notable divergence last Friday, with Bitcoin and Ethereum-related products experiencing significant net outflows, while various altcoin ETFs, particularly XRP, continued to attract institutional funds. This indicates a significant shift in the funding structure. Mainstream assets saw noticeable outflows, with Bitcoin spot ETFs recording a single-day net outflow of approximately $195 million, marking one of the weakest performances in weeks. Ethereum ETFs also registered significant net outflows, ending the brief net inflow observed earlier in the week. Analysts suggest that macroeconomic uncertainty, especially pending inflation data, is prompting institutions to temporarily reduce risk rather than fully retreat. The decline in mainstream ETF trading volume also reflects investors' temporary caution. In contrast to the pressure on BTC and ETH, XRP ETFs have maintained net inflows for several weeks, with cumulative inflows nearing $900 million. This reflects growing institutional confidence in its relative value and potential regulatory benefits. Other altcoin ETFs, such as Solana, also recorded slight net inflows, indicating that market funds are not exiting but rather rotating internally. As the year-end approaches and macroeconomic uncertainty rises, institutional investors are no longer viewing the crypto market as a single risk asset but are becoming more selective in their investments. They are reducing exposure to BTC and ETH, which are more susceptible to macroeconomic pressures, while increasing allocations to altcoins with stronger momentum or clearer narratives. Friday's ETF fund flow data highlights a new trend among institutions in a turbulent environment: exiting mainstream assets without leaving the market, and increasing holdings in alternative assets with stronger volatility resistance.

According to PANews, the latest weekly report from Glassnode highlights similarities between the current market conditions and the early stages of the 2022 bear market, also known as the crypto winter. During November to December, open interest has consistently declined, indicating a reduced risk appetite among investors, particularly following the flash crash on October 10. The options market reflects cautious sentiment, with investors preferring to sell rather than chase potential gains. Earlier this week, as Bitcoin's price approached $80,000, put options dominated the market. However, as prices stabilized, investor panic subsided, and funds shifted towards call options. Perpetual contract funding rates have remained mostly neutral, with only brief periods of negative values, while funding premiums have significantly decreased. This suggests a more balanced market environment with reduced speculation. Demand for ETFs continues to weaken, with IBIT experiencing outflows for the sixth consecutive week, marking the longest streak of negative flows since its launch in January 2024. Over the past five weeks, redemptions have totaled more than $2.7 billion. Derivatives data further corroborates the decline in risk appetite.

The global cryptocurrency market cap now stands at $3.04T, down by 0.28% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $88,908 and $90,290 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $89,184, down by 0.47%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include MDT, WIN, and GLMR, up by 76%, 48%, and 37%, respectively.Top stories of the day:Federal Reserve's December Rate Cut Probability at 86.2%, CME Data ShowsU.S. Economic Outlook Promising, Says National Economic Council DirectorSEC Chair Predicts Bitcoin's Role in Future Financial SystemsBitcoin Activity and 'Liveliness' Indicator Spur OptimismQuantum Computing's Threat to Cryptography Overstated, Report FindsEther Supply on Exchanges Hits Record LowSolana Foundation President Urges Focus on Market ExpansionBitcoin's Comparison to Historical Tulip Bubble Inappropriate, Analyst SaysStrategy CEO Discusses Bitcoin's Impact on Company Stock and Market ResilienceBitcoin Mining Costs Surge Amid Rising ExpensesMarket movers:ETH: $3029.63 (+0.00%)BNB: $888.92 (+0.73%)XRP: $2.028 (+0.18%)SOL: $131.68 (-0.59%)TRX: $0.2846 (-1.42%)DOGE: $0.13874 (-0.35%)WLFI: $0.1476 (-0.87%)ADA: $0.4154 (+0.78%)WBTC: $89074.05 (-0.42%)BCH: $579.7 (+0.17%)

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.04T, down by 2.08% over the last 24 hours.Bitcoin (BTC) traded between $88,056 and $91,564 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $89,619, down by 1.85%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include LUNC, LUNA, and ACE, up by 72%, 41%, and 30%, respectively.Top stories of the day:Behavior-Weighted Trend Signal Indicates Potential Bitcoin Rebound Bitcoin SOPR Ratio Hits Lowest Level Since Early 2024 Russia's Gold Reserves Surpass $300 Billion Mark Bank of Japan May Raise Interest Rates to Highest Level Since 1995 Polymarket Data Indicates High Probability of Fed Rate Cut in December Altcoins Poised for Rebound as Correlation With U.S. Small-Cap Stocks Breaks Down, Analysts Say Consumer Sentiment Shows Slight Improvement in December U.S. Inflation Rate Falls Below Expectations in September, Boosting Rate Cut Prospects Consumer Sentiment Shows Slight Improvement in December Indiana Bill Proposes Public Investment Funds in Cryptocurrency ETFsMarket movers:ETH: $3029.55 (-2.98%)BNB: $882.51 (-1.10%)XRP: $2.0243 (-1.74%)SOL: $132.47 (-3.12%)TRX: $0.2887 (+1.09%)DOGE: $0.13923 (-3.75%)WLFI: $0.1488 (-2.11%)ADA: $0.4122 (-4.41%)WBTC: $89497.92 (-1.84%)BCH: $578.7 (+1.99%)

Overall MarketData source: TradingViewIn our previous report, we identified the key drivers for Bitcoin (BTC) and the broader crypto market in the coming months: the Federal Reserve’s anticipated rate cut and dovish pivot in December, alongside the Bank of Japan’s (BOJ) potential rate hike on December 19. These two central banks played a central role in last week’s market movements. We also highlighted the $93,000 resistance level as a significant barrier, limiting BTC’s upward momentum amid persistent selling pressure above this threshold.On the central bank front, the Federal Reserve’s dovish shift, fueled by speculation around President Trump’s potential Fed Chair nominee in early 2026, signals a move toward looser monetary policy. Kevin Hassett, a former White House economic advisor and Trump loyalist, is emerging as a frontrunner. Markets expect Hassett to adopt a dovish stance, possibly delivering two rate cuts to bring the federal funds rate down to 3-3.25% by year-end, though this remains speculative. Softening labor market data, such as the recent ADP report showing a loss of 32,000 jobs in November, along with slowing consumer demand, further support the Fed’s inclination toward easing.In contrast, the Bank of Japan is moving closer to a rate hike, driven by persistent inflation, including Tokyo’s core CPI rising 2.8% year-over-year in November. This move could attract capital back to Japan, tightening global liquidity. Higher rates would also increase carry trade costs, potentially triggering another round of unwind. Our desk views the market impact as likely more muted than January 2025’s hike to 0.50%, given that expectations have been building for months. Nevertheless, the ongoing liquidity squeeze remains a headwind for risk assets, especially liquidity-sensitive ones like BTC and crypto assets.From a macroeconomic perspective, we expect heightened volatility during the holiday season, amplified by the Fed’s rate decision on December 10 and the BOJ’s on December 19. Analysts currently price in an 80-90% probability of a 25-basis-point Fed rate cut, likely accompanied by a hawkish statement from Chair Powell to temper expectations. For the BOJ, there is a 76-80% chance of a 25-basis-point hike, reflected in the Japan 10-year government bond yield rising to 1.94%, its highest level since the 2008 Global Financial Crisis.Our analysis confirms that the $93,000 resistance level for BTC remains firm, constraining further gains as selling pressure intensifies above it. A decisive break above $93,000, followed by a successful retest as support, would shift our outlook to bullish, potentially opening the path toward $98,000–$100,000.That said, with thinning liquidity over the holidays and major central bank decisions approaching, we anticipate volatile price action amid reduced trading volumes. This environment could lead to rapid momentum shifts. Looking ahead, the positive global liquidity outlook for 2026 underpins our bullish stance, with expectations for a meaningful BTC and crypto rally in the first quarter.Bitcoin ETF TrackerThe above table shows the daily BTC spot ETF net inflow data for the past five trading sessions.Last week, the US market experienced a strong capital inflow through ETFs following the largest outflow week. The Bitcoin ETF sector saw $123 million in inflows over the last four trading days, as the market being closed last Thursday for Thanksgiving.BTC price reached the $93,000 level on Friday, driven by strong ETF demand, but the gains were erased on Monday, December 1, amid rising expectations of a Bank of Japan rate hike. Despite the bearish sentiment, BTC ETFs still recorded an $8.48 million inflow on Monday, indicating that investors view this price as a buying opportunity. BTC surged on Tuesday, supported by a dovish outlook on the Federal Reserve’s stance in 2026, alongside a $58.50 million capital inflow into BTC ETFs.Based on last week’s data, our desk believes US ETF investors are closely following BTC price movements and are actively buying on dips.Macro at a glanceWeekly Macro Highlights (November 27-December 3, 2025)Friday, November 28, 2025Tokyo Core CPI rose 2.8% year-over-year in November, steady from October and slightly above the 2.7% consensus. This persistent inflation above the Bank of Japan’s 2% target strengthens expectations for a potential rate hike soon, signaling a hawkish shift that could tighten global liquidity. Higher Japanese rates may also boost the yen and pressure carry trades, creating headwinds for risk assets.Monday, December 2, 2025The S&P Global US Manufacturing PMI for November came in at 52.2, beating the expected 51.9 and marking the fourth straight month of expansion. In contrast, the ISM US Manufacturing PMI fell to 48.2, below the forecasted 49.0, indicating a slight acceleration in contraction.This divergence highlights mixed signals in US manufacturing: pockets of resilience per S&P Global, but broader weakness driven by soft new orders and employment per ISM. High interest rates and slowing global demand continue to challenge the sector, potentially weighing on overall economic growth.Tuesday, December 3, 2025Eurozone headline CPI inflation accelerated to 2.2% year-over-year in November, up from 2.1% in October and slightly above expectations. Core CPI remained steady at 2.4%.The unemployment rate held at 6.4% in October, unchanged from September but above forecasts and last year’s level.Rising services prices keep inflation near the ECB’s 2% target, signaling persistent pressures that may limit aggressive rate cuts. Meanwhile, the stable yet elevated unemployment rate points to a softening labor market, raising concerns about economic stagnation and supporting the case for further ECB easing to stimulate demand.Wednesday, December 4, 2025US ADP Nonfarm Employment unexpectedly declined by 32,000 private-sector jobs in November, contrasting with forecasts for a 5,000 gain. October’s figure was revised up to +47,000.This is the third job loss in four months and the largest drop since early pandemic disruptions, reflecting labor market weakness amid high borrowing costs and economic uncertainty. The weak report fueled market expectations for Federal Reserve rate cuts in December, boosting stocks and risk assets as investors anticipate looser policy to counter slowing employment.Why trade OTC?  Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations and execution services. Email: trading@binance.com for more information.Join our Telegram Channel @BinanceOTCTrading (https://t.me/+0mkJQnbQiOdlZjk0) to stay up to date with the markets!You can also reach out to us on Telegram (@Binance_OTC_Desk) to connect directly with our experienced traders for your OTC trading needs. We look forward to assisting you and providing exceptional service for all your OTC transactions.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.1T, down by 2.49% over the last 24 hours.Bitcoin (BTC) has been traded between $90,889 and $93,605 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $91,310, down by 2.22%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CVC, LUNC, and DCR, up by 36%, 30%, and 12%, respectively.Top stories of the day:U.S. Sovereign Debt Surpasses $30 Trillion for the First TimeU.S. Core PCE Price Index for September to Be ReleasedUpcoming PCE Data Release to Guide Federal Reserve's December MeetingFederal Reserve Expected to Lower Interest Rates Amid Weak Labor MarketBitcoin's Future Performance Faces Challenges, Says 21Shares Co-FounderCoinglass: Funding Rates Indicate Market Sentiment Remains BearishRaoul Pal: “This Is Not a Bear Market — A Liquidity Supercycle Is Coming in 2026”U.S. Weekly Jobless Claims Drop Below Expectations Solana Protocols Face Outages Due to Cloudflare Disruption U.S. Dollar Declines Ahead of Key Inflation Data ReleaseMarket movers:ETH: $3122.55 (-2.28%)BNB: $892.3 (-1.99%)XRP: $2.0594 (-4.97%)SOL: $136.71 (-4.79%)TRX: $0.2856 (+1.89%)DOGE: $0.1446 (-3.56%)WLFI: $0.152 (-4.52%)ADA: $0.431 (-4.01%)WBTC: $91221.55 (-2.17%)BCH: $567.4 (-2.79%)

According to BlockBeats, data from Coinglass reveals that the funding rates on major centralized and decentralized exchanges (CEX and DEX) continue to reflect a bearish market sentiment. The funding rates for key cryptocurrencies are detailed in the accompanying chart.Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This mechanism involves the exchange of funds between long and short traders, with the trading platform not collecting this fee. It serves to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices.A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it suggests a predominantly bearish market outlook.

According to ChainCatcher, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $267 million in the past 24 hours. Long positions accounted for $180 million, while short positions saw liquidations of $87.3 million. Specifically, Bitcoin long positions faced liquidations of $60.86 million, and Bitcoin short positions were liquidated for $29.64 million. Ethereum long positions experienced liquidations amounting to $55.94 million, with Ethereum short positions seeing $30.11 million in liquidations. In the same period, a total of 92,772 traders were liquidated globally. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, valued at $5.31 million.

On Dec 04, 2025, 15:39 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,200 USDT benchmark and is now trading at 3,203.189941 USDT, with a narrowed 4.09% increase in 24 hours.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.17T, up by 0.92% over the last 24 hours.Bitcoin (BTC) traded between $91,697 and $94,150 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $93,380, up by 0.49%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SXP, SAPIEN, and VOXEL, up by 48%, 38%, and 18%, respectively.Top stories of the day:Bitcoin Miners Face Challenges as Hash Revenue DeclinesSolana Sees Significant Asset Inflow in NovemberU.S. Dollar Weakens Amid Speculation on Federal Reserve LeadershipU.S. Treasury Yields Rise Amid Anticipation of Unemployment DataCryptoQuant: XRP Network Activity Reaches Record HighEthereum Faces Key Resistance and Support LevelsCitadel Securities Urges SEC to Tighten DeFi Regulations on Tokenized StocksEthereum's Fusaka Upgrade Highlights Sharding Technology AdvancementsMichael Saylor Predicts Accelerated Bitcoin Adoption by Major Banks in 2026 Bitcoin Asset Management Firm Twenty One to Begin Trading on NYSEMarket movers:ETH: $3195.42 (+4.72%)BNB: $910.41 (+1.36%)XRP: $2.1671 (-0.77%)SOL: $143.59 (+1.26%)TRX: $0.2802 (+0.07%)DOGE: $0.14994 (-0.11%)WLFI: $0.1592 (-1.36%)ADA: $0.4491 (+1.49%)WBTC: $93198.54 (+0.55%)BCH: $583.7 (+0.72%)

According to ChainCatcher, Coinglass data reveals that the crypto market saw liquidations totaling $482 million in the past 24 hours. Long positions accounted for $75.8192 million, while short positions reached $406 million. Specifically, Bitcoin long positions were liquidated for $16.636 million, and Bitcoin short positions for $221 million. Ethereum long positions faced liquidations of $14.4346 million, with Ethereum short positions at $83.0568 million. In the same timeframe, 122,348 individuals globally experienced liquidations. The largest single liquidation occurred on Bybit's BTCUSD, valued at $13 million.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.15T, up by 6.95% over the last 24 hours.Bitcoin (BTC) traded between $86,620 and $93,959 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $92,922, up by 7.01%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include TURBO, PARTI, and SUI, up by 42%, 33%, and 31%, respectively.Top stories of the day:Upcoming U.S. ADP Employment Data Release May Influence Market VolatilityBitcoin Buy/Sell Ratio Reaches Highest Level Since January 2023Binance Co-CEO Richard Teng Unveils New App, Institutional Partnerships, and 300M UsersUK Enacts Law Recognizing Digital Assets as PropertyMichael Saylor: “Digital Credit Will Redefine Global Finance”Bitcoin's Fourth Quarter Report Highlights Increased Institutional Participation SEC to Revise Rules to Support IPOs and Cryptocurrency Innovations Euro Reaches Highest Level Against Dollar Since Late October U.S. Treasury Secretary Predicts Continued Low Inflation Growth Federal Reserve December Rate Cut Probability at 87.2%: CME FedWatchMarket movers:ETH: $3051.48 (+8.78%)BNB: $898.2 (+7.84%)XRP: $2.1835 (+8.27%)SOL: $141.78 (+11.64%)TRX: $0.2801 (+1.05%)DOGE: $0.15008 (+10.47%)WLFI: $0.1614 (+3.86%)ADA: $0.4425 (+13.81%)WBTC: $92745.93 (+7.04%)BCH: $579.5 (+10.21%)

On Dec 03, 2025, 02:26 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 93,000 USDT benchmark and is now trading at 93,000 USDT, with a narrowed 7.15% increase in 24 hours.

According to ChainCatcher, Coinglass data reveals that the crypto market experienced liquidations totaling $331 million in the past 24 hours. Long positions accounted for $205 million, while short positions saw $127 million in liquidations. Bitcoin long positions were liquidated for $67.83 million, and short positions for $56.66 million. Ethereum long positions faced liquidations of $67.39 million, with short positions at $29.30 million. In the same period, 116,749 traders were liquidated globally, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair, valued at $5.25 million.

According to PANews, market sources have revealed that the U.S. Securities and Exchange Commission (SEC) Chairman Atkins announced that the innovation exemption for cryptocurrency companies will take effect in January.

Binance Blockchain Week 2025 returns on December 3–4, 2025, with its most ambitious edition yet, hosted at Dubai’s Coca-Cola Arena. Positioned in one of the world’s fastest-growing digital asset hubs, this year’s conference is set to deliver high-impact keynotes, macro insights, Web3 innovation showcases, and institution-level panels.This guide covers the event location, ticket details, agenda structure, and the major updates that make BBW 2025 stand out.Location: Coca-Cola Arena, DubaiVenue: Coca-Cola Arena, City Walk, Dubai, UAEDates: December 3–4, 2025The Coca-Cola Arena is a landmark venue in Dubai, known for hosting global conferences, concerts, and large-scale productions. For Binance Blockchain Week, this venue signals a significant expansion in scope, scale, and audience capacity.Dubai remains a strategic choice due to its fast-developing regulatory landscape, led by VARA, and its emergence as a global center for blockchain innovation, crypto investment, and digital asset regulation.TicketsTickets are available via the official Binance Blockchain Week website. Expected ticket categories include:Standard PassFull access to main-stage sessionsExhibition areasGeneral networking zonesVIP PassVIP seatingPrivate networking loungesPriority access to select speaker interactionsBuilder / Developer PassTechnical workshopsDeveloper-focused tracksAccess to ecosystem partners such as BNB Chain, Solana, Polygon, TON, and othersEarly-bird passes historically sell out quickly, particularly once headline speakers are announced.What’s New at Binance Blockchain Week 20251. Arena-Scale Production2025 marks the first BBW hosted inside a premier global entertainment arena. This expands the event’s capacity and elevates its production quality to match major global tech conferences.2. Strong Institutional PresenceSpeakers from BlackRock, Citi Institute, Ripple, TON Foundation, and global regulatory bodies indicate a shift toward deeper institutional engagement and policy-focused discussions.3. AI and Crypto ConvergenceDedicated panels will explore AI-driven:trading modelson-chain data analyticsfraud detectionwallet intelligenceautomated economic agentsThis reflects one of the industry's most significant emerging trends.4. New Builder and Founder ShowcasesFeaturing teams from Polygon, Solayer, YZ1 Labs, Trust Wallet, BNB Chain, and early-stage ecosystems, the event will highlight product innovation, infrastructure upgrades, and next-generation Web3 use cases.5. High-Profile Debates and Fireside SessionsOne of the most notable:Peter Schiff vs. CZ in “Bitcoin vs. Tokenized Gold.”This headline session will examine competing visions for the future of digital stores of value.Day 1 Highlights – December 3, 2025Richard Teng (CEO, Binance) – Opening VisionH.E. Omar Sultan Al Olama – The UAE’s Digital Economy StrategyMichael Saylor – The Case for BitcoinTony Ashraf (BlackRock) & Ronit Ghose (Citi Institute) – Client Asset AllocationPierre Gasly & Rachel Conlan – Drive Your Own RaceBrad Garlinghouse (Ripple) & Lily Liu (Solana) – The Path AheadAlice Liu (CoinMarketCap) & Yi He (Binance) – Community and AdoptionEowyn Chen (Trust Wallet) – The Future of Web3 WalletsPeter Schiff vs. CZ – Bitcoin vs. Tokenized GoldDay 2 Highlights – December 4, 2025Raoul Pal (Real Vision) – The Alpha Thesis for 2026Chef Kids (PancakeSwap) & Opinion Research Lead – Future of Onchain MarketsKeith Kim (Nexpace) – MapleStory’s Web3 EvolutionHashed & Celo – On-Chain Finance and Stable PaymentsBio Protocol & Apeiron – AI, Biotech, and CryptoTom Lee (Bitmine) – Ethereum’s Market RoleStablecoin and Digital Dollar PanelsEmerging Builders ShowcaseClosing Keynote by Yi He

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.95T, up by 0.28% over the last 24 hours.Bitcoin (BTC) has been trading between $83,823 and $87,350 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $86,832, up by 0.28%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BAND, ANIME, and SUPER, up by 15%, 13%, and 12%, respectively.Top stories of the day:U.S. Bitcoin Spot ETF Sees Continued InflowsFranklin Templeton Expands Crypto ETF Portfolio with Six New Tokens  BlackRock Executives: Tokenization Will Drive the Next Era of Global Market Growth OECD Predicts Gradual Rate Cuts by Federal Reserve by 2026Trump's Advisor Kevin Hassett Likely to Lead Federal ReserveVanguard to Enable Trading of Bitcoin ETFs and Mutual Funds SEC Chair Paul Atkins Delivers Keynote on Future U.S. Market Reforms U.S. President Trump to Host Cabinet Meeting and Announce Updates Binance Blockchain Week Dubai 2025: Everything You Need to Know (Location, Tickets, What’s New) Gold Prices Decline Amid Rising U.S. Treasury Yields Market movers:ETH: $2805.35 (-1.15%)BNB: $832.91 (+0.79%)XRP: $2.0167 (-1.42%)SOL: $127 (-0.16%)TRX: $0.2771 (+0.11%)DOGE: $0.13586 (-0.96%)WLFI: $0.1555 (+3.25%)ADA: $0.3889 (+0.78%)WBTC: $86726.97 (+0.29%)BCH: $525.9 (+0.77%)

BlackRock CEO Larry Fink and COO Rob Goldstein say the global financial system is on the brink of a major structural shift — one powered by tokenization. In an essay published in The Economist, the executives argue that tokenization will underpin the next phase of market development by modernizing legacy financial infrastructure and integrating traditional finance with digital assets.Their message is clear: tokenization is not a niche experiment — it is the future backbone of global markets.Tokenization: The Infrastructure Upgrade Global Markets NeedFink and Goldstein highlight that today’s financial system still relies heavily on paper-based documentation, manual processes, fragmented platforms, and intermediaries. Tokenization replaces those outdated mechanisms with programmable digital representations of assets, enabling:Faster settlementAutomated complianceLower transaction costsGreater transparencySeamless integration between marketsBy encoding asset rights directly into digital tokens, many of the frictions that make today’s financial transactions slow and expensive disappear.Unlocking Global Access to Illiquid AssetsOne of tokenization’s most transformative features is its ability to break down large, traditionally illiquid assets into smaller, tradable digital units.This opens access to markets that were once limited to large institutions, including:Commercial real estateInfrastructure investmentsPrivate creditLarge-scale fundsArt and collectiblesBlackRock notes that this fractionalization creates a more inclusive global investment environment, broadening participation while deepening liquidity.Tokenization Is in Its Early Internet PhaseAccording to the executives, tokenization’s current development stage resembles a period in tech history when three of today’s “Big Tech 7” companies hadn’t even been founded yet.This comparison underscores two key points:We are extremely early in the adoption cycle.Growth could mirror the explosive expansion of the early internet.BlackRock expects tokenization to evolve exponentially over the coming decades, ultimately becoming embedded in global financial architecture.A Future Where Every Asset Lives in a Digital WalletLooking ahead, Fink and Goldstein envision a world where individuals and institutions can buy, sell, and store multiple asset classes through a single digital wallet, including:Tokenized equitiesBondsReal estateCommoditiesCash equivalentsYield-bearing instrumentsThis unified digital infrastructure would enable highly efficient, global markets operating on real-time rails.