1. Zhao Changpeng predicts more historical highs will appear.
Binance founder Zhao Changpeng stated that he predicts 'more historical highs will appear soon.'
2. The UK officially recognizes cryptocurrencies as legal property.
The UK has officially recognized Bitcoin and cryptocurrencies as legal property, confirming their legal status.
3. Gold prices fell below $4200/oz, focusing on U.S. economic data.
On December 2, gold prices continued to fall, and silver retreated from the record highs set yesterday. Credit Suisse analyst Carlo Alberto De Casa stated that some traders chose to take profits after gold prices rebounded from $4000 to $4250. Data shows that U.S. manufacturing contracted for the ninth consecutive month in November. Investors are focused on the November ADP employment report and the September PCE index for clues about potential interest rate cuts at the Federal Reserve's meeting next week. Meanwhile, the market is awaiting President Trump's announcement of the next Federal Reserve chair, with White House National Economic Council Director Hassett as the leading candidate. De Casa expects gold prices to consolidate between $4000 and $4400 in the coming weeks and stated that a Fed rate cut could push gold prices higher.
4. Musk warns that the U.S. debt crisis may trigger severe fluctuations in Bitcoin.
Elon Musk warned that the U.S. is rapidly heading towards a debt crisis that could trigger severe fluctuations in Bitcoin prices. In an interview with Nikhil Kamath, he stated that in the future 'money as a concept will cease to exist,' and energy will become the only 'true currency.' Musk pointed out that the U.S. significantly increased the money supply through approximately $2 trillion in fiscal deficits and predicted that developments in artificial intelligence over the next three years will lead the growth rate of goods and services output to exceed inflation levels, potentially triggering deflation, interest rates dropping to zero, and easing debt issues. Although Musk's support for cryptocurrencies has decreased compared to during the pandemic, he continues to support Bitcoin and Dogecoin and criticizes the dollar and other non-asset-backed currencies as 'hopeless.' The current U.S. debt has exceeded $38 trillion.
5. BlackRock CEO states that the current state of Bitcoin is similar to the internet in 1996.
Larry Fink, CEO of BlackRock with assets under management of $10 trillion, stated in an interview with The Economist that the current state of Bitcoin and cryptocurrencies is similar to the internet in 1996.
6. The American bank advises to allocate 4% of assets to Bitcoin.
The American bank with assets of $3.2 trillion advises investors to allocate 4% of their assets to Bitcoin.
7. Ethereum's open interest surged to $1.97 billion, with active leveraged trading.
Ethereum's open interest surged to $1.97 billion in a short period, with a rise of 13%, indicating a significant increase in leveraged trading activity.
8. JPMorgan: Bitcoin has become a leading indicator for the U.S. market.
JPMorgan stated in a CNBC live broadcast that Bitcoin has now become a leading indicator for the entire U.S. market. JPMorgan has assets of $4 trillion.
