[The funding rate is 0.01%, which is the benchmark rate. A rate greater than 0.01% indicates a bullish market, while a rate less than 0.005% indicates a bearish market.] The funding rate is the rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, applicable to perpetual contracts. The funding rate is a mechanism for capital exchange between long and short traders, and the trading platform does not charge this fee. A funding rate of 0.01% is the benchmark rate; a rate greater than 0.01% indicates a bullish market, while a rate less than 0.005% indicates a bearish market. $BTC $OP $ARB
The cryptocurrency market is ever-changing; earning a little is wiser and more cost-effective than incurring massive losses. On-chain address 0x0…748 sold 3,296 ETH, with a liquidation profit of $292,000 (two days ago, this address had an unrealized profit of $1,266,000).$BTC $ETH $ARB
The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued No Objection Certificates (NOC) to Binance and HTX. The announcement stated that 'strong governance and compliance with anti-money laundering and counter-terrorism financing remain central to building a trusted digital asset ecosystem in Pakistan.' $BTC $ETH $BNB
The cryptocurrency market not only causes ordinary people to lose money, but even whales can lose money. On-chain analysis shows that Mago's ETH long position has been liquidated, with a loss of 20.62 million dollars in principal. $BTC $ETH $OP
The Bank of Japan's monetary policy meeting (Policy Board meeting) is usually held regularly. According to the latest information, its upcoming meeting schedule is as follows: December 2025 meeting: The meeting will be held from December 18 (Wednesday) to 19 (Thursday), with the interest rate decision expected to be announced on the 19th. January 2026 meeting: The meeting is scheduled to be held from January 22 (Thursday) to 23 (Friday). The Bank of Japan typically holds a policy meeting once a month or once a quarter, and the specific schedule may be adjusted slightly based on economic conditions. $BTC $XRP
The European Regulation on Markets in Crypto-Assets (MiCA) will establish a unified framework for reserves, regulation, and operational standards, which is expected to promote the use of euro stablecoins in payment systems, trading platforms, and tokenized financial infrastructure. $BTC $ETH
The Bank of England proposed a rule that the personal holding limit is £20,000, and for businesses, it is £10 million, requiring token issuers to deposit 40% of their reserves as non-interest-bearing deposits at the central bank. Some parliamentary groups oppose the proposed limit on central bank digital currency holdings, claiming that it would undermine the UK’s position as a leader in the digital assets space. $BTC $TRX $OP
"It is necessary to fully tap into economic potential, to adhere to the dual approach of policy support and reform innovation, to achieve both 'flexibility' and 'good management', to combine investments in goods and investments in people closely, and to respond to external challenges through rigorous internal practice."$BTC $XRP $CFX
EURC is a compliant euro stablecoin issued by Circle, supported by a 1:1 euro reserve, primarily used for cross-border payments and cryptocurrency asset allocation. The core features of EURC include: Issuer: Circle (also issues USDC) led development, regulated under EU electronic money regulations. Value support: 100% of euro reserves are held in segregated accounts at regulated European banks, audited monthly by one of the Big Four accounting firms. Compliance advantages: The first euro stablecoin compliant with MiCA (Markets in Crypto-Assets Regulation) standards, with reserve transparency reaching industry benchmarks. Market position: Market capitalization of approximately $230 million (data from May 2025), ranking first in the euro stablecoin market. EURC application scenarios include: Cross-border payments: The Dubai Financial Services Authority has officially recognized EURC for cross-border settlements (announcement in March 2025). DeFi protocols: Supports liquidity mining on mainstream decentralized exchanges such as Uniswap and PancakeSwap. Asset allocation: Can be used as a digital asset to hedge against USD fluctuations, providing 24-hour trading services on centralized exchanges like CoinEx. Circle becomes the first stablecoin issuer authorized under MiCA. Circle's USDC and EURC stablecoins become the first fully compliant digital fiat tokens under crypto asset market regulations. $BTC $ETH
The Federal Reserve lowers interest rates, and Hong Kong synchronously lowers interest rates, closely following the U.S. dollar's interest rate cuts. Lowering interest rates is a financial tool that changes cash flow by adjusting rates, with the underlying logic being to stimulate economic growth by reducing the cost of funds. The core logic of lowering interest rates is to stimulate economic growth, promote consumption, respond to economic recession, and balance inflation and employment. $BTC $CFX
The UK's Financial Conduct Authority (FCA) has listed pound stablecoin payments as a core priority. In addition to stablecoins, it has also prioritized asset tokenization. However, it is far behind the global market dominated by US dollar stablecoins. $BTC $XRP
If the U.S. lowers interest rates while Japan raises interest rates simultaneously, the interest rate differential between the U.S. and Japan will further narrow, and with the depreciation of the U.S. dollar combined with the appreciation of the yen, this will further intensify the unwinding of carry trades and increase global exchange rate risks. Under the pressure of high inflation and yen depreciation, the probability of a rate hike in December is relatively high. The probability of both the U.S. lowering interest rates and Japan raising interest rates in December is very high, reminding everyone to pay attention to the market fluctuations caused by carry trades, especially in highly leveraged liquidity-sensitive assets. $BTC $ETH
【Global Capital Tides, US Rate Cuts and Japan Rate Hikes】It is very likely that the US rate cuts and Japan rate hikes will occur in the same cycle. $BTC $ETH
The Federal Reserve will hold its last interest rate meeting for 2025 on December 10 local time, and will announce the interest rate decision in the early hours of December 11 Beijing time. The trends in the US stock and cryptocurrency markets are mainly driven by the market's expectations of interest rate cuts by the Federal Reserve in the short term, and what everyone is most concerned about now is the Federal Reserve's meeting on December 11. $BTC $ETH