[Bitpush] The market has been pretty indecisive this week. There have been constant rumors about the Bank of Japan raising rates, while the Fed's stance remains ambiguous. Bitcoin surged to around $93,000 on Wednesday but then faltered—a typical case of the market being driven by news.
On the technical side, things are still holding up; the support levels below haven't been breached. The options data is interesting: BTC implied volatility is at 48.6%, ETH is at 70%—both down compared to last week. But over the weekend, the 25-Delta skew curve suddenly steepened. In plain terms, everyone's rushing to buy put protection—panic is spreading.
What's even stranger is the BTC volatility risk premium. It had been negative before, but this week it's turned positive and is hovering near zero. In other words: the market sees the future as more uncertain than the present.
You can also see hints of this in block trades. The two biggest: someone spent $270,000 to buy 1,200 BTC 51,225 expiry puts with a $75,000 strike; another $340,000 swept up 25,000...

Due to sudden market changes and a concentrated user run, Huiwang Group has suspended payments. On-chain data shows that its USDT balances on Ethereum and Tron are nearly depleted. After December 1, regular user withdrawals were halted, and funds were transferred to unknown addresses, which may indicate that its operations have ceased.

Recently, the crypto market has shown a split: BTC and BCH are rebounding, while ETH and the broader market are lagging behind. With new developments from the SEC and the Federal Reserve, the market may rebound in the future, as bad news has already been priced in. Investors need to patiently wait for a trend reversal.

[Crypto World] On December 3, the crypto market saw a small rally. Most sectors rebounded, with gains ranging from 3% to 12%.
The most eye-catching was the NFT sector, which soared by 11.87%. Pudgy Penguins (PENGU) surged 24.59%, and SuperVerse (SUPER) was close behind, jumping 21.72%. Bitcoin (BTC) finally broke through the $91,000 mark, up 6.61%; ETH also climbed back above $3,000, rising 8.01%.
Several major indices also performed strongly: MAG7.ssi rose 6.89%, DEFI.ssi gained 9.46%, and MEME.ssi increased by 8.12%.
The DeFi sector rose 9.14% in 24 hours, with Chainlink (LINK) and MYX Finance (MYX) up by 1

[Coin World] European TradFi is about to make a big move. BNP Paribas is leading and has joined forces with 9 other EU banks to prepare for the issuance of a euro stablecoin through the Qivalis entity in Amsterdam in the second half of 2026. This time, they are playing the Compliance card—fully in accordance with the MiCA framework.
In simple terms, Europeans want to have their own voice in the digital currency era. After all, the stablecoin market is currently dominated by the US dollar, and the EU can’t sit idly by; the banking system is personally getting involved to seize the opportunity.

Analysts indicate that the two resistance levels to follow based on the Bitcoin MVRV indicator are $99,070 and $122,060. When the price approaches these levels, selling pressure may emerge, and it is necessary to pay attention to changes in market sentiment and volume.

[Coin World] There is going to be a big move in the AI field again.
The highly anticipated artificial intelligence company Anthropic has been very active recently. According to sources, they have brought in the law firm Wilson Sonsini to assist in organizing a potentially record-breaking IPO, with a target date set around 2026.
Even more exciting is the valuation figure. According to insiders, the valuation for the current round of private equity financing the company is discussing has surged directly to over $300 billion. What does this number mean? It's definitely at the level of a giant.
Of course, we are still in the preliminary stage. Several major investment banks have received the news and are in talks with Anthropic about potential listing cooperation plans, but it is still early to finalize underwriters. After all, for an IPO of this magnitude, every step must be taken steadily.

The Aave community has been in intense discussions recently, with the ACI team proposing to terminate deployments on the zkSync, Metis, and Soneium chains due to their inability to cover operational costs. The new policy requires new projects with annual revenues below $2 million to not be launched, reflecting a zero-tolerance attitude towards loss-making projects. This is part of the Aave V3 multi-chain strategy adjustment aimed at optimizing resource allocation.

[Chain Document] Metronome is going to be acquired by Stripe.
The company, which specializes in enterprise billing and revenue operations systems, has just announced on its official website that it has signed an acquisition agreement. Their CEO Scott Woody stated that they will deeply integrate with Stripe's products – covering everything from self-service for small teams to complex enterprise-level solutions. Once the integration is complete, Metronome will directly become a core part of Stripe's product line.
However, the transaction has not been finalized yet and is still in process.
This move is quite interesting for Stripe. They are already veterans in payment infrastructure, and now by acquiring Metronome, they have also filled the billing gap. Corporate clients can handle both payment and billing on a single platform in the future, saving a lot on integration costs.
This kind of acquisition is actually quite common in the Web3 payment sector, with major platforms vying to complete it.

[Coin World] 10 million dollars! There is new progress in the FTX explosion case.
Those FTX users who once deposited money in SilverGate have finally received some good news - the bank has agreed to pay to settle the class action lawsuit. The reason is that the plaintiffs accused SilverGate of colluding with SBF and his associates to facilitate illegal operations for FTX and Alameda.
The threshold for applying for compensation is actually not that high: between April 2019 and November 2022, as long as you deposited fiat currency into accounts linked to FTX or Alameda with SilverGate, you basically meet the conditions. However, you need to act quickly, as the deadline for claims is the end of January next year, and the court will make the final decision on February 9.
To be honest, this amount of money may only be a drop in the bucket for many victims, but it at least proves one thing – accomplices must also pay the price.

[Coin World] Just detected a large transfer: an unknown address transferred 599 BTC to a hosted wallet of a certain compliance institution. Based on the current price, this transfer is valued at approximately 55.03 million dollars. Such large inflow actions are often worth following.

[Coin World] Just monitored a large transfer: a Whale deposited 548 BTC (approximately 50.43 million USD) into an institutional account of a certain Compliance exchange.
The entry of coins of this magnitude is either preparing to cash out or institutions are adjusting their positions. Recently, Bitcoin has been fluctuating at high levels, and the flow of this money is worth monitoring to see if it will impact short-term prices. Large capital movements are often a barometer of market sentiment.

[Coin World] Recently, several signals worth following have emerged in the encryption circle.
Veteran trader Peter Brandt has thrown out a rather pessimistic viewpoint—he has dug up historical cyclical patterns and believes that Bitcoin might need to undergo a deep washout before welcoming the next wave of crazy surges. This correction could be significant, and he estimates that the decline could exceed 75%. As soon as this statement was made, market sentiment tightened a bit more.
At the same time, Dogecoin's founder Billy Markus spoke out. He directly countered those who said that the recent market crash was artificially manipulated, and also pointed out a common psychological loop in the trader community: when the market rises, they think it’s due to strength, but when it falls, they shout that there are hidden hands at play. This statement is quite true.
There are also new developments in the regulatory aspect. Ripple has obtained an upgraded payment license issued by the Monetary Authority of Singapore - this is an expanded version of the major payment institution license. With this license, Ripple can provide more payment services, X

According to the latest data from CME, the market's expectations for the Fed's monetary policy in December have become quite clear.
A 25 basis point rate cut? The probability is as high as 87.2%. In other words, nearly nine out of ten traders are betting on a cut.
As for the possibility of maintaining the status quo, it is only 12.8%—basically a low probability event.
This one-sided expectation reflects, to some extent, the market's assessment of the current economic environment.