Crypto Circle Insights December 8

-CME data shows that the probability of the Federal Reserve cutting interest rates by 25 basis points this week is 86.2%. The interest rate decision will be announced at 0:00 AM Beijing time on December 11.

-SEC Chairman Paul Atkins stated that the U.S. financial markets may fully transition to a blockchain system in the next two years, with tokenization bringing significant improvements in transparency and risk management.

-The Director of the National Economic Council stated that unless a 'black swan' event occurs, the economy is expected to experience golden growth next year, and the Federal Reserve is very likely to cut rates next week.

Now let's look at market hotspots:

-Last week, the U.S. Bitcoin spot ETF had a net outflow of $87.7 million, and the Ethereum spot ETF saw a net outflow of $65.4 million. Today's Fear and Greed Index is 25!

-Michael Saylor has once again released Bitcoin Tracker information, which may hint at another increase in BTC holdings.

-The CEO of Strategy stated that the downward cycle will continue to execute the strategy of issuing equity and debt to increase Bitcoin holdings, and there is no issue of being unable to pay dividends.

-Jensen Huang recently stated that Bitcoin is converting and storing excess energy as a new form of currency.

Finally, let's look at industry dynamics:

-Moore Threads co-founder Li Feng has been reported to owe 1500 BTC, and he has been accused of leading the fundraising of 5000 ETH for 'Malle Go Coin' in 2017, after which his whereabouts became unclear, with the old controversy resurfacing as the company's valuation soared.

-The Solana Foundation intervened to mediate the public conflict between Kamino and Jupiter, calling for a shift of focus to expanding Solana's market share.

Today's summary:

This week is a critical week for the month; if we cannot break through $100,000 this week, the market for this month will end, officially starting a bear market for the quarter.