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He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations.&nbsp;

[He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.]He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations.&nbsp;

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

&nbsp;market shows BTC fell below $90,000, currently at $89,950.02, with a 24-hour decline of 2.98%. The market is highly volatile, please manage your risks accordingly.

[BTC falls below $90,000]&nbsp;market shows BTC fell below $90,000, currently at $89,950.02, with a 24-hour decline of 2.98%. The market is highly volatile, please manage your risks accordingly.

BTC falls below $90,000

according to Whale Alert monitoring, at around 22:24 and 22:25 Beijing time, USDC Treasury minted a total of 500 million USDC in two transactions on the Solana chain.

[The USDC Treasury minted an additional 500 million USDC on the Solana blockchain.]according to Whale Alert monitoring, at around 22:24 and 22:25 Beijing time, USDC Treasury minted a total of 500 million USDC in two transactions on the Solana chain.

The USDC Treasury minted an additional 500 million USDC on the Solana blockchain.

On December 5, according to Bloomberg, the lower house of the Polish parliament failed to achieve the three-fifths majority needed on Friday to override President Nawrocki's veto.

[The Polish lower house failed to overturn the president's veto of the crypto asset bill.]On December 5, according to Bloomberg, the lower house of the Polish parliament failed to achieve the three-fifths majority needed on Friday to override President Nawrocki's veto.

The Polish lower house failed to overturn the president's veto of the crypto asset bill.

Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10)

[Bank of America: Markets will soon digest expectations of a Fed rate cut in January.]Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10)

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

&nbsp;according to the official announcement, Australia's Monochrome spot Bitcoin ETF (IBTC) disclosed that as of December 3rd, its holdings have reached 1,203 bitcoins, with a market value exceeding 170 million Australian dollars.

[The BTC holdings of the Australian Monochrome Spot Bitcoin ETF have risen to 1203.]&nbsp;according to the official announcement, Australia's Monochrome spot Bitcoin ETF (IBTC) disclosed that as of December 3rd, its holdings have reached 1,203 bitcoins, with a market value exceeding 170 million Australian dollars.

The BTC holdings of the Australian Monochrome Spot Bitcoin ETF have risen to 1203.

next Federal Reserve chairman under U.S. President Trump is already facing a series of daunting tasks: dealing with cautious financial markets, hard-to-interpret economic indicators, the large and complex factional struggles within the central bank, and a tough president who will devote much energy this year to demands for interest rate cuts. But as the final candidate is being locked in, Trump has further intensified the tense situation the Fed chairman successor Powell will face—he is pushing policies that may exacerbate inflation while still pressuring the Fed to declare victory over soaring prices. Trump is also insisting on implementing tariff policies that have raised the prices of a range of goods, and the U.S. will engage in potentially high-risk trade negotiations with Canada and Mexico next year. These dynamics will continue to test the Fed's core theory—that tariffs only cause a one-time price increase rather than triggering a more troublesome inflation cycle. The mission of the next Fed chairman is increasingly precarious, and whoever takes over will find it difficult to handle these tensions, even Trump’s longtime advisor and currently considered the frontrunner, Hassett, is no exception. The extent to which an authoritative Fed chairman's statements can align with the Trump administration’s political propaganda may be limited. To cut rates, claim the economy is performing well, and deny that inflation is driven by tariffs—these three claims are obviously contradictory.

[Analysis: The next Federal Reserve Chairman will face extreme stress tests, with frequent contradictions arising between interest rate cuts, tariffs, and inflation.]next Federal Reserve chairman under U.S. President Trump is already facing a series of daunting tasks: dealing with cautious financial markets, hard-to-interpret economic indicators, the large and complex factional struggles within the central bank, and a tough president who will devote much energy this year to demands for interest rate cuts. But as the final candidate is being locked in, Trump has further intensified the tense situation the Fed chairman successor Powell will face—he is pushing policies that may exacerbate inflation while still pressuring the Fed to declare victory over soaring prices. Trump is also insisting on implementing tariff policies that have raised the prices of a range of goods, and the U.S. will engage in potentially high-risk trade negotiations with Canada and Mexico next year. These dynamics will continue to test the Fed's core theory—that tariffs only cause a one-time price increase rather than triggering a more troublesome inflation cycle. The mission of the next Fed chairman is increasingly precarious, and whoever takes over will find it difficult to handle these tensions, even Trump’s longtime advisor and currently considered the frontrunner, Hassett, is no exception. The extent to which an authoritative Fed chairman's statements can align with the Trump administration’s political propaganda may be limited. To cut rates, claim the economy is performing well, and deny that inflation is driven by tariffs—these three claims are obviously contradictory.

Analysis: The next Federal Reserve Chairman will face extreme stress tests, with frequent contradictions arising between interest rate cuts, tariffs, and inflation.

according to market sources: Nvidia CEO Jensen Huang stated that Bitcoin is a form of energy storage.

[Jensen Huang: Bitcoin is a form of energy storage]according to market sources: Nvidia CEO Jensen Huang stated that Bitcoin is a form of energy storage.

Jensen Huang: Bitcoin is a form of energy storage

Paraguayan Chamber of Deputies passed two resolutions on December 4, requiring government departments to submit official information on domestic crypto mining activities to strengthen regulation and transparency. The Ministry of Industry and Commerce must specify the current number of individuals and enterprises registered and authorized to engage in virtual asset mining, and provide relevant information.

[The Paraguayan House of Representatives has requested the government to submit official information on domestic cryptocurrency mining activities.]Paraguayan Chamber of Deputies passed two resolutions on December 4, requiring government departments to submit official information on domestic crypto mining activities to strengthen regulation and transparency. The Ministry of Industry and Commerce must specify the current number of individuals and enterprises registered and authorized to engage in virtual asset mining, and provide relevant information.

The Paraguayan House of Representatives has requested the government to submit official information on domestic cryptocurrency mining activities.

seven departments including the China Internet Finance Association issued risk warnings on preventing illegal activities involving virtual currencies. "Recently, concepts related to virtual currencies have rapidly heated up. Some criminals have taken this opportunity to promote related trading speculation activities, using the guise of stablecoins, air coins (such as π coins), real-world asset (RWA) tokens, and 'mining' to carry out illegal fundraising, pyramid schemes, fraud, and other illegal activities. They also use virtual currencies to transfer illegal criminal proceeds, seriously infringing on the property safety of the public and disrupting the normal order of the economic and financial system. To further implement the requirements of the People's Bank of China, the Financial Regulatory Bureau, the China Securities Regulatory Commission, and other departments in the announcements on 'Preventing Risks of Token Issuance Financing' and 'Further Preventing and Handling Risks of Virtual Currency Trading Speculation,' and to implement the spirit of the coordination mechanism meeting on cracking down on virtual currency trading speculation, the China Internet Finance Association, China Banking Association, China Securities Association, China Securities Investment Fund Association, China Futures Association, China Listed Companies Association, and China Payment and Clearing Association jointly issued relevant risk warnings."

[Seven departments, including the China Internet Finance Association, issued a risk warning regarding preventing illegal activities involving virtual currencies.]seven departments including the China Internet Finance Association issued risk warnings on preventing illegal activities involving virtual currencies. "Recently, concepts related to virtual currencies have rapidly heated up. Some criminals have taken this opportunity to promote related trading speculation activities, using the guise of stablecoins, air coins (such as π coins), real-world asset (RWA) tokens, and 'mining' to carry out illegal fundraising, pyramid schemes, fraud, and other illegal activities. They also use virtual currencies to transfer illegal criminal proceeds, seriously infringing on the property safety of the public and disrupting the normal order of the economic and financial system. To further implement the requirements of the People's Bank of China, the Financial Regulatory Bureau, the China Securities Regulatory Commission, and other departments in the announcements on 'Preventing Risks of Token Issuance Financing' and 'Further Preventing and Handling Risks of Virtual Currency Trading Speculation,' and to implement the spirit of the coordination mechanism meeting on cracking down on virtual currency trading speculation, the China Internet Finance Association, China Banking Association, China Securities Association, China Securities Investment Fund Association, China Futures Association, China Listed Companies Association, and China Payment and Clearing Association jointly issued relevant risk warnings."

Seven departments, including the China Internet Finance Association, issued a risk warning regarding preventing illegal activities involving virtual currencies.

Europe’s Largest Asset Manager Debuts First Ethereum-Based Tokenized Fund

Ripple Reveals How It’s Hijacking A $16 Trillion Industry Using The XRP Ledger

XRP ETFs Have Overtaken Bitcoin And Ethereum In Inflows – Here Are The Numbers

Ethereum Network Fatigue? Monthly On-Chain Transactions Drops As Activity Slows Down

Seven departments, including the China Internet Finance Association, issued a risk warning regarding preventing illegal activities involving virtual currencies.

Descargo de responsabilidad：El contenido anterior no representa las posiciones de Huobi.，Huobi no ofrece ninguna recomendación de trading.。

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