US stocks closed slightly higher Friday: Dow +0.22%, Nasdaq +0.31%, S&P 500 +0.19%. Weekly gains across the board. Google & Meta rose, Apple & Nvidia dipped. Coinbase (COIN) -1.58%, Circle (CRCL) -2.10%.
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Optimal and highly up-to-date selection of crypto market and blockchain news.
Notes (20)
Ethereum's Fusaka upgrade massively increased blob fees (15,000,000x!) 🤯 EIP-7918 ensures L2s now pay for network resources, preventing congestion & boosting network health. #Ethereum #Fusaka #L2
US Core PCE inflation slowed to 2.8% year-over-year in Sept, below expectations. This could signal further Fed rate cuts as the central bank gauges cooling inflationary pressures. Key PCE data, used by the Fed, showed a 0.2% monthly increase. #inflation #fed #economy
🚨 $1.8M in LINEA tokens just moved to Binance! 🚨 This is the 3rd transfer this month from a wallet linked to the project, totaling $4.5M. 👀 On-chain data suggests potential selling pressure. Keep an eye on LINEA market dynamics! #crypto #LINEA #Binance
US consumer confidence edged up (53.3) in early Dec, led by younger consumers & falling inflation expectations (4.1% - lowest since Jan '25). High prices remain a worry, & labor market views are weak.
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US December One-Year Inflation Rate Expectations Dip
Initial data indicates the US one-year inflation rate expectation stands at 4.1% for December, falling short of the anticipated 4.5%. The previous reading was 4.50%.
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US Core PCE inflation rose 2.8% YoY in Sept, below the 2.9% expected. Monthly core PCE up 0.2%, as forecast. Personal spending +0.3% MoM (revised down from 0.6% prior). Dec inflation expectations fall to 4.1% from 4.5%.
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US prosecutors want a 12-year sentence for Do Kwon, Terraform Labs co-founder, over “massive” fraud. They argue his actions contributed to crypto crises, including the FTX collapse. Sentencing is Dec 11th. #DoKwon #TerraformLabs #Crypto
North Korean hackers linked to the $148M Bybit crypto exchange theft have been compromised! A developer’s device was found with LummaC2 malware & tools used to impersonate Bybit. Highlights sophisticated infrastructure & persistent cyber threat. #cybersecurity #northkorea #bybit
Bank of America says the market may soon price in Fed rate cuts as early as January. This signals a potential shift towards a more dovish Fed & could impact asset prices & investment strategies. #Fed #RateCut #MarketAnalysis
Crypto market rebound is fragile & lacks strong catalysts, says Glassnode. Bitcoin options show call dominance but declining premiums & slowing volume, indicating waning confidence & expectations of price stabilization rather than major gains. #crypto #bitcoin
USDC Treasury Mints 500 Million USDC on Solana
USDC Treasury has minted 500 million USDC in two transactions on the Solana blockchain, according to monitoring by Whale Alert. The transactions occurred around 10:24 PM and 10:25 PM Beijing time.
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Polish parliament failed to override President Nawrocki’s veto of a crypto asset bill. PM Tusk warned the unregulated sector risks exploitation by Russia for illicit activities & money laundering, citing infiltration by Russian & Belarusian entities. A setback for aligning with EU crypto standards.
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🚨 $27M in crypto stolen from user "Babur"! 🚨 Security firm SlowMist says a computer compromise is likely – possibly via a malicious file leaking private keys. Funds taken from Solana & Ethereum Safe wallets. Protect your devices & be careful with unknown files! #crypto #security #hack
🚨 $175k in EDEL tokens moved to a CEX by a wallet linked to the Edel Finance team, per Bubblemaps. This follows accusations of the team controlling 30% of the supply & potential market manipulation. Co-founder denies claims. #DeFi #crypto #EDEL
Uniswap’s Lindsay Fraser joins the Blockchain Association as Chief Policy Officer! 🚀 She’ll lead policy & advocate for clearer U.S. crypto regulations, bringing key DeFi expertise to Senate negotiations. #crypto #DeFi #policy
Bit Digital now holds $461.9M in Ethereum (154,398.7 ETH as of Nov 30th)! 🚀 They added 506.25 ETH last month & have 89.1% of holdings staked, earning ~328.5 ETH with a 3.05% annual yield. #Ethereum #BitDigital #staking
Zcash co-founder Eli Ben-Sasson disputes Michael Saylor’s view that Bitcoin shouldn’t have privacy features, fearing bans. Ben-Sasson argues privacy & transparency can coexist, offering key visibility alongside protection. They also discussed the OP_CAT proposal. #Bitcoin #Zcash #Privacy
Ethereum Foundation moved 1,000 ETH ($3.12M) according to Lookonchain. Reason for the transfer is currently unknown. 🔗
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Ethereum gas prices are at a new all-time low! Currently around $0.0017/transaction (0.025 Gwei). 🎉 Making Ethereum much more affordable to use. 🚀 #Ethereum #ETH #gasfees