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Atlanta Fed's GDPNow model forecasts the US third quarter GDP growth rate at 3.5%, previously estimated at 3.8%.

[The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.5% in the third quarter.]Atlanta Fed's GDPNow model forecasts the US third quarter GDP growth rate at 3.5%, previously estimated at 3.8%.

The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.5% in the third quarter.

&nbsp;major US tech stocks collectively rise, Intel up over 5%, Micron Technology and AMD up over 4%, Broadcom and TSMC up over 2%; Netflix reverses to gain, initially down over 4% in early trading.

[US tech stocks rose across the board.]&nbsp;major US tech stocks collectively rise, Intel up over 5%, Micron Technology and AMD up over 4%, Broadcom and TSMC up over 2%; Netflix reverses to gain, initially down over 4% in early trading.

US tech stocks rose across the board.

SoftBank is reportedly in talks to acquire the asset management company DigitalBridge.

[SoftBank is reportedly in talks to acquire asset management company DigitalBridge.]SoftBank is reportedly in talks to acquire the asset management company DigitalBridge.

SoftBank is reportedly in talks to acquire asset management company DigitalBridge.

&nbsp;Liquid Capital posted on platform X: "After the Ethereum Fusaka upgrade, the blob base fee surged 15 million times. The core reason is the new blob fee 'floor mechanism' introduced by EIP-7918 — previously, the blob fee had no minimum limit and was stuck at 1 wei (almost free) for a long time, causing nodes to bear costs like KZG verification without reasonable returns; after the upgrade, the blob fee must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to the real network cost. This design allows the price to reflect actual resource consumption (avoiding L2 free usage of network resources), adjusts blob traffic through price fluctuations to prevent congestion, and the PeerDAS technology increases blob storage capacity; additionally, blob fees are included in the ETH burning mechanism. It is estimated that in the future, 8 times more ETH may be burned, potentially contributing 30-50% of the total burn volume by 2026 (depending on L2 transaction growth)."

[Yi Lihua: Ethereum Fusaka upgrade caused blob base fees to surge by 15 million times.]&nbsp;Liquid Capital posted on platform X: "After the Ethereum Fusaka upgrade, the blob base fee surged 15 million times. The core reason is the new blob fee 'floor mechanism' introduced by EIP-7918 — previously, the blob fee had no minimum limit and was stuck at 1 wei (almost free) for a long time, causing nodes to bear costs like KZG verification without reasonable returns; after the upgrade, the blob fee must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to the real network cost. This design allows the price to reflect actual resource consumption (avoiding L2 free usage of network resources), adjusts blob traffic through price fluctuations to prevent congestion, and the PeerDAS technology increases blob storage capacity; additionally, blob fees are included in the ETH burning mechanism. It is estimated that in the future, 8 times more ETH may be burned, potentially contributing 30-50% of the total burn volume by 2026 (depending on L2 transaction growth)."

Yi Lihua: Ethereum Fusaka upgrade caused blob base fees to surge by 15 million times.

spot gold rose to $4250/ounce, up about 1% intraday.

[Spot gold touched $4,250 per ounce, up about 1% on the day.]spot gold rose to $4250/ounce, up about 1% intraday.

Spot gold touched $4,250 per ounce, up about 1% on the day.

Cloudflare released a summary of the outage incident stating that the outage on December 5th caused about 25 minutes of impact in total. This outage was not caused by a network attack.

[Cloudflare: Today's outage was not caused by a cyberattack and lasted for approximately 25 minutes.]Cloudflare released a summary of the outage incident stating that the outage on December 5th caused about 25 minutes of impact in total. This outage was not caused by a network attack.

Cloudflare: Today's outage was not caused by a cyberattack and lasted for approximately 25 minutes.

James Butterfill, Head of Research at crypto asset management company CoinShares, released a report stating that the digital asset treasury (DAT) bubble has basically burst. Companies that were trading at 3 to 10 times their market net asset value (mNAV) in the summer of 2025 have now fallen back to around 1 time or lower. This trading model, which once regarded token treasuries as growth engines, has experienced a sharp correction. The future trend of these companies depends on market behavior: either price declines trigger disorderly selling, or companies maintain their holdings and wait for a rebound. If the macro environment improves and there is a possible interest rate cut in December, this will provide support for cryptocurrencies.

[CoinShares: The DAT bubble has largely burst; an improvement in the macroeconomic environment may provide support for the market.]James Butterfill, Head of Research at crypto asset management company CoinShares, released a report stating that the digital asset treasury (DAT) bubble has basically burst. Companies that were trading at 3 to 10 times their market net asset value (mNAV) in the summer of 2025 have now fallen back to around 1 time or lower. This trading model, which once regarded token treasuries as growth engines, has experienced a sharp correction. The future trend of these companies depends on market behavior: either price declines trigger disorderly selling, or companies maintain their holdings and wait for a rebound. If the macro environment improves and there is a possible interest rate cut in December, this will provide support for cryptocurrencies.

CoinShares: The DAT bubble has largely burst; an improvement in the macroeconomic environment may provide support for the market.

blockchain bank N3XT has disclosed raising $72 million through three rounds of financing, with participation from Paradigm, HACK VC, and Winklevoss Capital. It is reported that the bank was founded by Scott Shay, the founder and former chairman of Signature Bank, and Jeffrey Wallis, former digital assets and Web3 strategy director of Signature Bank, will serve as the CEO of N3XT.

[Blockchain bank N3XT raises $72 million in three funding rounds.]blockchain bank N3XT has disclosed raising $72 million through three rounds of financing, with participation from Paradigm, HACK VC, and Winklevoss Capital. It is reported that the bank was founded by Scott Shay, the founder and former chairman of Signature Bank, and Jeffrey Wallis, former digital assets and Web3 strategy director of Signature Bank, will serve as the CEO of N3XT.

Blockchain bank N3XT raises $72 million in three funding rounds.

market shows BTC fell below $90,000, currently at $89,984.66, with a 24-hour decline of 2.8%. The market is highly volatile, please manage your risks accordingly.

[BTC falls below $90,000]market shows BTC fell below $90,000, currently at $89,984.66, with a 24-hour decline of 2.8%. The market is highly volatile, please manage your risks accordingly.

BTC falls below $90,000

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.

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

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

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