Euro Stoxx 50 futures down 0.2%, German DAX futures down 0.4%
Mars Finance news, according to Jinshi reports, the Euro Stoxx 50 futures have erased previous gains and are now down 0.2%; the German DAX futures have fallen by 0.4%.
Phantom Stablecoin CASH Issuance Exceeds 100 Million USD
According to news from Mars Finance and a report by The Defiant, after the launch of the self-custody Web3 wallet Phantom's native stablecoin CASH on September 30, the issuance has exceeded 100 million USD in just two months. The growth is mainly attributed to product design and on-chain incentive programs. In mid-November, Phantom launched a no-fee CASH account, supporting instant bank transfers, P2P transfers, and card integration. One of Solana's major liquidity providers, Kamino, also partnered with Phantom to launch the CASH growth program in early October, providing KMNO token rewards. These measures resulted in the CASH transaction volume soaring to nearly 162,000 transactions on November 25. In contrast, although MetaMask's stablecoin mUSD also surpassed 100 million USD in October, its current supply has fallen back to about 25 million USD.
Binance has opened deposit and withdrawal services for Kava (KAVA)
Mars Finance news, Binance has completed the integration of Kava (KAVA) on the BNB Smart Chain (BSC) network and has opened deposit and withdrawal services. Users can obtain their exclusive token deposit address through this page.
Ethereum Foundation: BPO-1 has been activated, increasing the Blob capacity of each block to 15
Mars Finance news, according to the Ethereum Foundation's disclosure, BPO-1 has been activated, increasing the blob capacity of each block to 15 and expanding L2 space without a hard fork. The Ethereum Foundation stated that BPO-2 will be launched in January, which will further increase capacity.
Binance Alpha will launch BeatSwap (BTX) and open airdrop claims
Mars Finance news, on December 11, according to official sources, Binance Alpha announced it will be the first platform to launch BeatSwap (BTX) on December 11. Eligible users can go to the Alpha event page to claim airdrops using Binance Alpha points after the Alpha trading opens. Specific details will be announced separately.
Data: 36,670,500 USDT monitored being transferred from Binance
Mars Finance news, according to Coinglass data, on December 11 at 11:18, 36,670,500 USDT was monitored being transferred from Binance to an unknown wallet.
Sign CEO Yan Xin published a full-page signed article in the Ministry of Commerce's official newspaper: The Digital Silk Road Starts from Central Asia
Mars Finance news, on December 11, this year on October 25, Kyrgyzstan officially approved the pilot construction of the central bank digital currency 'Digital Som' system, and the Chinese technology service provider Sign successfully undertook the project development responsibility and actively engaged in it. The success of Sign in standing out in the fierce international competition lies in the 'SignStack' full-stack solution it provides. This solution precisely addresses the paradox faced by Kyrgyzstan in its digital transformation of achieving both 'sovereign independence' and 'international connectivity'. It has established a digital financial infrastructure for Kyrgyzstan that respects national sovereignty while possessing modern compliance capabilities. The cooperation between Sign and Kyrgyzstan not only builds a funding channel that is safer and more efficient than the traditional system for China-Kyrgyz trade relations, but also provides a replicable 'Central Asia model' for the deep integration of the two countries in the digital economy era.
Data: AUDIO drops over 16% in 24 hours, LRC drops over 26%
Mars Finance news reports that Binance spot data shows significant market fluctuations. AUDIO has dropped by 16.28% in the last 24 hours, LRC has dropped by 26.21%, and there is a 'pullback' state. Meanwhile, AAVE, ASR, and AVAX have also reached new lows today, with declines of 5.24%, 5.15%, and 8.22% respectively. FIS has performed relatively well, showing a 'bottoming out' state with an increase of 12%.
Powell: Employment Weakness, Inflation Still High, No One is Talking About Rate Hikes Now
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At the latest press conference, Powell pointed out that the U.S. labor market is experiencing a notable cooling: hiring and layoffs are both slowing, businesses are finding it harder to hire, household expectations for job opportunities are also declining, and the unemployment rate has risen to about 4.4%. Job growth has significantly weakened compared to the beginning of the year, partly due to a slowdown in labor supply, including reduced immigration and a declining participation rate, but labor demand itself is also weakening.
In terms of inflation, the core PCE year-on-year is still at 2.8%, above the long-term target of 2%. Some commodity inflation has risen due to tariffs, but service inflation continues to show a slowing trend. Although overall inflation has significantly retreated from the peak in 2022, it has not yet reached a level that would fully reassure the Federal Reserve. The FOMC has once again cut interest rates by 25 basis points while initiating short-term Treasury purchases to maintain ample reserves and ensure the effective functioning of policy rates.
Data: The total net inflow of the US XRP spot ETF in a single day is $10.2 million
Mars Finance news, according to SoSoValue data, the total net inflow of XRP spot ETF is $10,200,000. The XRP spot ETF with the highest net inflow in a single day is the Bitwise XRP ETF, with a single-day net inflow of $7,000,000. Currently, the historical total net inflow of XRP has reached $200,000,000. The second is the Grayscale XRP ETF, with a single-day net inflow of $3,200,000, and the historical total net inflow has reached $217,000,000. As of the time of this report, the total net asset value of the XRP spot ETF is $939,000,000, with an XRP net asset ratio of 0.75%, and the historical cumulative net inflow has reached $954,000,000.
Galaxy Establishes New Office and Business Unit in Abu Dhabi
According to Mars Finance, Cointelegraph reported that digital asset management and infrastructure company Galaxy announced the establishment of an office and a new business unit in Abu Dhabi as part of its Middle East market expansion strategy. Galaxy stated that it will establish an entity under the Abu Dhabi Global Market (ADGM) regulatory authority. The company's founder and CEO Mike Novogratz said that this move aims to expand existing partnerships and business operations. Galaxy's Managing Director Bouchra Darwazah stated that the Middle East is a rapidly growing financial hub, gathering some of the world's most sophisticated investors and innovators.
Data: U.S. stock index futures decline widens, Nasdaq futures down 1%
Mars Finance news, according to Jinshi reports, the declines of the three major U.S. stock index futures have widened, with the Nasdaq 100 index futures down 1%, the S&P 500 index futures down 0.59%, and the Dow Jones index futures down 0.17%.
Worldcoin team wallet transfers WLD tokens worth 8.8 million USD to Coinbase
According to Mars Finance news, monitored by onchainschool.pro, the Worldcoin project team transferred WLD tokens worth 8.8 million USD to Coinbase. Just 4 days ago, this wallet had just received WLD tokens worth 14 million USD from another team's associated wallet.
Federal Reserve policy outlook complicated by leadership changes, increasing uncertainty in the second half of next year
Mars Finance news reported by Jinshi, Mitsubishi UFJ stated that the Federal Reserve voted 9 to 3 to lower the interest rate by 25 basis points, acknowledging that the labor market is gradually cooling down. Powell emphasized that the persistent risk of inflation still exists, and if no new tariffs are imposed, commodity inflation may peak in the first quarter of 2026. Looking ahead, the policy outlook for the second half of next year may become complicated due to changes in the Federal Reserve's leadership, increasing market uncertainty.
Data: US-listed company Exodus Movement sells 245 bitcoins, total holdings drop to 1,902 bitcoins
Mars Finance news, according to BitcoinTreasuries.NET monitoring, the cryptocurrency wallet company Exodus Movement (EXOD) listed on the US stock market has sold 245 bitcoins and currently holds a total of 1,902 bitcoins.
Dutch International: Expected Federal Reserve Rate Cuts Twice in 2026, Each by 25 Basis Points
Mars Finance news reports from Jin Ten that the Dutch International Bank states that the market expects the Federal Reserve to cut interest rates by 50 basis points in 2026, with cuts of 25 basis points each in March and June. Despite current economic growth, low unemployment rates, stock markets nearing historical highs, and inflation rates closer to 3% rather than the Fed's target of 2%, the inflation backdrop in the coming months may become more favorable for rate cuts.
Sygnum: 87% of Asian high net worth individuals hold cryptocurrency, ETF demand is significant
Mars Finance News, according to BeInCrypto, the (2025 Asia-Pacific High Net Worth Individual Report) published by Sygnum shows that 87% of respondents have included digital assets in their investment portfolios; 49% of respondents have allocated more than 10% of their portfolios to cryptocurrency, which means that the median allocation of high net worth individuals to cryptocurrency investments is between 10% and 20%. Additionally, 60% of respondents plan to increase their allocation to cryptocurrency. The report shows that 80% of respondents wish to purchase ETFs other than Bitcoin and Ethereum, with over half of the respondents interested in investing in Solana, followed by multi-asset cryptocurrency indices (48%) and XRP (41%). Notably, 70% of respondents indicated that they would allocate or increase their allocation if staking rewards were included in the ETF structure. However, Sygnum observed that after experiencing recent market volatility, a significant portion of investors are cautious about the market, but still, 57% of high net worth individuals and 61% of ultra-high net worth individuals are optimistic or very optimistic about the long-term prospects of the cryptocurrency market.
Whale 'pension-usdt.eth' closes BTC long position to realize peak profit, earning 23 million USD in 30 days
Mars Finance news, on December 11, according to Coinbob's popular address monitoring, at 4 PM today, the whale marked as 'pension-usdt.eth' completely closed its 2x leveraged BTC long position, with the closing scale exceeding 64 million USD in a short time, realizing a small profit of about 560,000 USD. In addition, it has recorded a total profit of 7.12 million USD from two short positions and three long positions in the past 7 days. Furthermore, monitoring indicates that this address frequently engages in short-term swing trading and opens large positions in BTC and ETH with low leverage, with an average holding period of about 20 hours, and has achieved profits exceeding 23 million USD in the last 30 days.