[Crypto Daily Briefing · 2025.12.1]
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1️⃣ Bloodbath in the crypto market this month!
BTC once fell below $86,000, with over $700 million liquidated across the network in 24 hours, total market cap lost 3 trillion
Panic Index 24 (Extreme Fear)
Core triggers: Japan's bond yields surge + Yen skyrockets + Federal Reserve's interest rate cut expectations cool + Low liquidity algorithm crash
2/7
2️⃣ Upbit hacking incident assessed at $30.4 million!
South Korea's largest exchange confirms private key theft, suspected to be by North Korea's Lazarus Group
Withdrawals and deposits have resumed today, regulators will conduct on-site investigations before December 5
3/7
3️⃣ Yearn Finance yETH pool attacked, DeFi is exploding again
Details have not been fully disclosed, but it has triggered a chain panic sell-off
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4️⃣ The Federal Reserve officially ends QT today!
Equivalent to invisible easing of $66 trillion
Cathie Wood calls out: BTC $175k-$250k by the end of the year is not a dream
December interest rate cut probability 87%, liquidity is coming!
5/7
5️⃣ XRP spot ETF goes live today!
21Shares TOXR officially listed in the US
Franklin crypto index ETF synchronously adds ADA/SOL/DOGE/LINK
Analyst: If 11 million XRP is absorbed daily, it could reach $2.85 in a year
6/7
6️⃣ Ethereum Fusaka upgrade countdown 3 days!
Mainnet goes live on December 4, significantly reduces L2 data costs
Will Arbitrum/Optimism/Base take off?
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7️⃣ Other news
- The People's Bank of China reiterates: Stablecoins are illegal!
- BlackRock CEO: Bitcoin ETF has become the company's largest source of revenue
- This week 15+ projects unlocking (SUI, BONK, etc.), beware of selling pressure
Short-term bloodbath, but institutions are quietly increasing positions
Not investment advice, DYOR!
