China Securities Regulatory Commission Chairman Wu Qing emphasized the importance of fintech innovation at the Securities Industry Association conference, calling on industry institutions to actively explore and apply technologies such as artificial intelligence, big data, and blockchain to promote the development of capital markets. At the same time, the CSRC will cooperate with industry associations to improve the innovation pilot mechanism and risk monitoring.

PANews, December 6—According to Jintou, citing an analysis by the Russian news agency Sputnik of data from the Central Bank of Russia, as of November 2025, the market value of Russia's gold reserves has surpassed the $300 billion mark for the first time, reaching $310.7 billion and setting a new historical high for the fourth consecutive month. In that month, gold accounted for 42.3% of Russia's international reserves, the highest level since February 1995. At that time, the share of gold was 43.9%, with a value of no more than $5.5 billion.

BlockBeats news, on December 5, Layer1 blockchain peaq, which focuses on the Machine Economy, recently released a brand new video featuring a Web3-native robot co-owned by the community, showcasing peaq's vision for a community-driven future robot ecosystem. The robot in the video, Milo, has an exclusive Peaq ID, which can be understood as its on-chain identity card. With this identity, it can interact with different applications within the peaq ecosystem. Robot Milo earns income by completing tasks, and the rewards are sent directly to its on-chain wallet; at the same time, its work trajectory and daily processes are fully recorded on-chain, and users can interact with it using peaq tokens. This video clearly outlines peaq's vision of a "community-owned" ecosystem.

Odaily Planet Daily news: Liquid Capital posted on X stating, “After the Ethereum Fusaka upgrade, the blob base fee skyrocketed by 15 million times. The core reason is that EIP-7918 introduced a ‘minimum fee mechanism’ for blobs—previously, there was no minimum limit on blob fees, so they were stuck at 1 wei (almost free) for a long time, resulting in nodes shouldering the costs of KZG verification and more without reasonable returns. After the upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring fees to the real network cost. This design allows prices to reflect actual resource consumption (preventing L2s from using network resources for free), and also uses price fluctuations to regulate blob traffic and prevent congestion, while PeerDAS technology increases blob storage capacity; this

Odaily Planet Daily News: Kevin Hassett, the Director of the White House National Economic Council and a leading candidate to become the next Federal Reserve Chair, reiterated on Friday his expectation that Fed policymakers will cut interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again," he said on Fox Business Channel. He predicted that as the economy recovers from the recent federal government shutdown and new factories come online, there will be an economic boom in early 2026. Hassett also publicly supported Treasury Secretary Besant's proposal to add a residency requirement for regional Fed presidents. Hassett said, "The reason we established all these regional Feds was to ensure a federal system where regions with different concerns could all have a voice at the decision-making level." Besant said on Wednesday that she would push for new rules requiring candidates for regional Fed presidents to have lived in their district for at least three years—a measure the Trump administration accuses the Fed of exceeding...

Amid the complex and ever-changing market information, what truly matters? "Gate Web3 News Selection" aims to filter out the noise for you. Every day, we curate the most important news from the global crypto market to help you quickly grasp key trends, save time, and gain early insights. 1. Hassett: The Fed May Cut Rates at Next Meeting, Expected Decrease of About 25 Basis Points Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve may cut interest rates at its next meeting, and the expected cut is about 25 basis points. Regarding the next Fed Chair candidate, he said the Chair needs to be someone who responds to data.

On the Polymarket platform, a trader earned nearly $1 million by accurately predicting the 2025 Google search rankings, sparking controversy over insider trading in prediction markets. The trader, with the wallet address "0xafEe" (formerly known as "AlphaRaccoon"), successfully predicted the outcomes of almost all Google search trend markets, including some obscure options. The trader's biggest win came from correctly predicting the "Yes" option that d4vd (a 20-year-old singer) would be the most searched person in 2025, turning a $10,647 bet into nearly $200,000. At the same time, he also made significant profits by betting on the "No" option for figures such as Bianca Censori, Pope Leo XIV, and Trump.

PANews, December 5—According to Cloudflare's status page, the DTW (Detroit) data center is scheduled for maintenance from 17:00 to 21:00 (Beijing Time) on December 5, 2025. During this period, traffic may be rerouted, which could cause minor network latency for end users in affected regions. Additionally, PNI/CNI customers should note that traffic may be switched to other locations, and network interfaces at this data center may be temporarily unavailable during the maintenance.

After the team completed the destruction of approximately 77.86 million tokens and launched the fourth phase of the buyback plan, Aster's price entered a Bollinger Bands narrowing pattern. As of press time, Aster was trading at $1.03, down 2.7% in the past 24 hours and down 5% over the past seven days, still 57% below the all-time high of $2.41 set in September. Daily trading volume fell 18.5% to $274.3 million, futures trading volume declined 19.27% to $805.5 million, and open interest dropped 3.4%, indicating the market is entering a period of narrow-range consolidation.

The Korean won stablecoin KRW1, issued by BDACS, has been launched on the Polygon network. It adopts a real-time bank-linked reserve proof mechanism and is aimed at payments, remittances, and institutional users. After confirming the stability and real-time nature of fiat-to-on-chain settlement during the proof-of-concept phase, this deployment has been officially launched to provide enterprises and users with a convenient digital payment tool. KRW1’s reserves are held by Korean commercial institutions, including Woori Bank, and real-time reserve proof is enabled through a direct API connection with the banks. The Polygon network, with its high throughput and low transaction fees, makes stablecoin operations more efficient, supporting payments, remittances, and enterprise systems.

In recent years, Chinese crypto investors have long relied on USDT and other USD stablecoins to hedge against market volatility, but recent currency movements have prompted them to reassess risk. Over the past six months, the offshore RMB/USD rate has climbed from 7.4 to 7.06, the highest level in a year, meaning investors holding USD stablecoins have seen their asset value quietly shrink when calculated in RMB. For example, if you exchanged RMB 100,000 for USDT in April, you would now only get about RMB 95,400 if you exchanged it back, a loss of about 4.6%—without touching any volatile crypto assets. A weakening dollar and a strengthening yuan have created double pressure. This year, the US dollar index has fallen nearly 10%, with weak US employment data and Federal Reserve rate-cut policies triggering large-scale unwinding of arbitrage trades. At the same time, a rebound in the Shanghai stock market has attracted foreign capital, further supporting the yuan’s appreciation. RMB settlements between companies are also on the rise, and increased financial hedging demand has pushed RMB demand beyond just speculation. According to Goldman Sachs research, for every 1% appreciation in the RMB, Chinese stock market returns increase by about 3%, creating a self-reinforcing cycle.

According to Gate News Bot on December 5, based on CoinMarketCap data, as of press time, FTT (FTX Token) is currently trading at $0.62, up 10.97% in the past 24 hours, with a high of $0.62 and a low of $0.52. The 24-hour trading volume reached $5.09 million. The current market cap is approximately $204 million, an increase of $20.1 million compared to yesterday. Recent important news about FTT: 1️⃣ **Sam Bankman-Fried returns to social media, FTT price surges** After two years of silence, FTX founder Sam Bankman-Fried posted on X (formerly Twitter) for the first time, drawing market attention. This move directly pushed the price of FTT token up by 30%, reflecting invest

According to Gate News Bot, as of December 5, according to CoinMarketCap data, CLO (Yei Finance) is currently trading at $0.40, up 11.29% in 24 hours, with a high of $0.40 and a low of $0.32. The current market capitalization is approximately $51.4 million, an increase of $5.21 million compared to yesterday. Yei Finance is a multi-chain DeFi platform offering lending, trading, and cross-chain bridging services. Its main products include Pre-storage Vaults, YeiLend, and YeiSwap. Pre-storage Vaults allow users to make one-time deposits and earn yields across multiple chains. YeiLend provides a lending market where users can supply or borrow various tokens. YeiSwap is a decentralized exchange supporting token trading on the Sei chain. Yei Finance aims to provide users with a simple and efficient multi-chain DeFi experience.

Kalshi is continuously expanding its leading position in the prediction market through strong media partnerships. Although competitor Polymarket has confirmed its imminent return to the US market, Kalshi’s recent moves have further solidified its industry advantage. Yesterday, CNBC announced that starting in 2026, it will fully integrate Kalshi’s real-time prediction data across its television and online platforms. Core programs such as "Squawk Box" and "Fast Money" will feature Kalshi’s event probability analyses, which will also be displayed in the news ticker. In addition, Kalshi will have a dedicated market data page on the CNBC website. CNBC President KC Sullivan stated that prediction markets are changing the way investors and business leaders make decisions, and Kalshi’s data will greatly enhance the depth and explanatory power of financial reporting.

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, LUNA (Terra) is currently priced at $0.08, up 10.99% in 24 hours, reaching a high of $0.08 and a low of $0.07. The current market capitalization is approximately $573,000, an increase of $56,800 compared to yesterday. Recent important news about LUNA: 1️⃣ **Industry insiders review and warn about LUNA's historical events** Sandeep Nailwal, co-founder of Polygon and CEO of the Polygon Foundation, recently shared his views on social media, mentioning the significant impact of LUNA in the history of the cryptocurrency market. He expressed hope that other projects in the current market will not repeat LUNA's mistakes, especially those involving Wall Street and retail investors.

According to Gate News Bot on December 5, quoting CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 10.33% in the past 24 hours, reaching a high of $0.01 and dipping to a low of $0.01. The current market cap is approximately $37.77 million, an increase of nearly $3.53 million from yesterday. TerraClassicUSD (USTC) originated as an algorithmic stable asset within the Terra ecosystem, designed to reflect the US dollar through a supply and demand balance with LUNA(, now LUNC). After collapsing in May 2022, USTC transitioned to a freely traded token with its price fluctuating according to market demand. USTC still plays a role in the Terra Classic network, powering DeFi pools and paying gas fees.

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, SYRUP (Maple Finance) is trading at $0.26, up 9.00% in the past 24 hours, reaching a high of $0.29 and a low of $0.24. The current market capitalization is approximately $302 million, an increase of $24.9 million compared to yesterday. Maple Finance is an on-chain asset management platform that provides secure and professional financial products for individuals and institutions. The platform offers highly liquid USD yield products syrupUSDC and syrupUSDT, as well as secured lending services for professional institutions. Maple Finance emphasizes transparency, risk management, and global customer support, and is committed to bringing the standards of traditional financial services to the decentralized finance sector.

BlockBeats News, December 5th—Farcaster founder Dan Romero announced that House, the first new project presale on the Clanker platform, sold out within 30 seconds. Screenshots show that the hard cap for this presale was only 20 ETH. However, the community has called this presale a “disaster.” The reason is that Clanker used an old version of the presale contract released earlier this year, allowing a whale to snipe the presale and acquire 16 ETH (80%) of the allocation. In addition, there was no limit on the participation amount per wallet, which also led to the allocation being dominated by a single party. In response, Dan Romero stated that the sniping address will only be able to claim tokens after 7 days, and promised that the next presale will use a permissioned process to ensure fairness. At the time of writing, H

According to Gate News Bot, on December 5th, as per CoinMarketCap data, at the time of writing, SAPIEN (Sapien) is trading at $0.18, up 5.64% in 24 hours, reaching a high of $0.20 and a low of $0.11. The current market capitalization is approximately $45.9 million, an increase of $2.45 million compared to yesterday. Sapien is a decentralized data foundry that transforms collective human knowledge into enterprise-grade AI training data. The platform has 93,000 global contributors across more than 5 countries and has completed 475 tasks. Sapien focuses on providing solutions for professional AI, including 3D/4D data annotation and expert-led data collection to meet the needs of cutting-edge AI systems. Its marketplace offers high-quality, domain-specific data

Gate News Bot message, December 5th: According to CoinMarketCap data, as of press time, TAIKO (Taiko) is trading at $0.24, up 19.92% in 24 hours, with a high of $0.24 and a low of $0.18. The current market cap is approximately $46.1 million, an increase of $7.66 million compared to yesterday. TAIKO ranks 469th in cryptocurrency market capitalization. Recent important news about TAIKO: 1️⃣ **Activation of pre-confirmation feature to improve transaction speed** Taiko recently activated the pre-confirmation feature to accelerate transaction speeds on its Layer 2 network. This technical upgrade is expected to significantly enhance user experience, improve the network's utility and competitiveness, and attract more developers and users. 2️⃣ **Completed $15 million financing**

According to Gate News Bot, on December 5th, CoinMarketCap data shows that as of press time, SOL (Solana) is currently priced at $138.12, down 3.83% in the past 24 hours, with a high of $146.72 and a low of $123.31. The 24-hour trading volume reached $4.069 billion. The current market capitalization is approximately $77.331 billion, a decrease of $3.078 billion from yesterday. Solana is a high-performance blockchain platform that provides developers with a fast, secure, and scalable infrastructure. It supports a wide range of user experiences, making it accessible to both professional users and new consumers. Solana boasts fast transaction processing speeds and a per-transaction fee of less than $0.0025, with thousands of independent nodes validating transactions to ensure data security and censorship resistance. The network adopts a proof-of-stake mechanism, resulting in minimal environmental impact per transaction.

Odaily Planet Daily news: According to official data, the world-leading crypto asset trading platform Gate has officially launched a new security product, Gate Safe, earlier. Since its launch, the product has attracted over 10,000 users to apply for use. Currently, "Gate Safe" is available for free for a limited time to VIP3 and above users, and is one of the important value-added services in the Gate VIP system. In addition to the Safe, VIP users can also enjoy multiple premium benefits such as private wealth management and exclusive VIP financial products, achieving a comprehensive upgrade in both asset security and management experience. It is reported that "Gate Safe" is based on Multi-Party Computation (MPC, Multi-Party

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, YB (YieldBasis) is trading at $0.52, up 10.66% in the past 24 hours, reaching a high of $0.54 and a low of $0.41. The current market cap is approximately $45.6 million, an increase of $4.39 million from yesterday. YieldBasis is a platform focused on market volatility yields. The project offers various sources of income, including trading profits and token staking rewards. Currently, the platform’s total value locked (TVL) stands at $150 million, with 3 trading markets. YieldBasis supports multiple assets, including tBTC, cbBTC, and WBTC, providing users with up to 38.53% annualized percentage rate (APR) on tokens. Recent important news from YB:

Gate News Bot message, December 5th, according to CoinMarketCap data, as of press time, HEMI(Hemi) is currently priced at $0.02, up 12.70% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $15.9 million, an increase of $1.79 million compared to yesterday. Hemi is a unified Bitcoin economic layer designed to activate regulatory-compliant Bitcoin yields without leaving custody. The platform combines Bitcoin's security with Ethereum-level programmability, allowing institutions to deploy native BTC for yield strategies while maintaining full control and compliance.

Gate News Bot message, December 5th, according to CoinMarketCap data, as of press time, KAITO (KAITO) is currently trading at $0.75, up 11.71% in 24 hours, reaching as high as $0.74 and dipping as low as $0.61. The current market capitalization is approximately $180 million, an increase of $18.9 million from yesterday. Recent important news about KAITO: 1️⃣ **Cysic airdrop event ending soon** The Kaito AI platform is holding a Cysic airdrop event, and eligible users must complete registration by 9:00 PM on December 7. This time limit may prompt more users to participate in the Kaito ecosystem in the short term, thereby boosting demand and price for the KAITO token. 2️⃣ **Airdrop qualification threshold set**

Jinse Finance reports, market news: U.S. President Trump will sign an executive order at 3:00 p.m. local time on Friday (4:00 a.m. Beijing time the next day). (Jin10)

BlockBeats news, on December 5, at 23:00 Beijing time on Friday night, the US Department of Commerce will announce the US September core PCE price index annual rate, with an expected value of 2.9% and a previous value of 2.9%.

According to Gate News Bot on December 5th, based on CoinMarketCap data as of press time, ZEC (Zcash) is currently priced at $394.27, up 11.76% in the past 24 hours, reaching a high of $473.16 and a low of $302.75. The 24-hour trading volume reached $1.138 billion. The current market capitalization is approximately $6.475 billion, an increase of $681 million compared to yesterday, currently ranking 18th. Zcash is a privacy-protecting digital currency and was the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash uses end-to-end encryption to protect users' privacy rights, has faster transaction speeds than Bitcoin, and transaction fees are usually just a fraction of a cent. Zcash is fair and open, and anyone with an internet connection can use it. Recent important news about ZEC:

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, BLESS (Bless) is trading at $0.02, up 11.72% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $30.4 million, an increase of $3.19 million compared to yesterday. Bless is the world’s first shared computing network. Users can share their idle computing resources and receive corresponding rewards by installing a Chrome extension or desktop quick launcher. Bless provides on-demand GPU/CPU computing resources, supports AI model training, inference, and deployment, as well as next-generation multiplayer gaming experiences. The platform also offers a behavior data marketplace for researchers based on user consent. Any device (including laptops, desktops, mobile phones, and tablets

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, MYX (MYX Finance) is trading at $3.43, up 12.07% in the past 24 hours, reaching a high of $3.96 and a low of $2.49, with a 24-hour trading volume of $40.3 million. The current market capitalization is approximately $757 million, an increase of $81.5 million compared to yesterday. MYX is a decentralized financial services trading platform that supports perpetual contract trading, cross-chain asset swaps, copy trading, and more. MYX provides services through smart contracts on multiple blockchains such as ARB, LINEA, and OPBNB, without offering asset custody—users manage their own assets. Users execute related on-chain transactions by interacting with smart contracts, and MYX does not directly participate in these transactions. Recent important news about MYX: 1

Gate News Bot message, December 5th, according to CoinMarketCap data, as of press time, RIVER (River) is currently trading at $4.51, up 18.06% in the past 24 hours, reaching a high of $5.16 and a low of $3.14, with a 24-hour trading volume of $12.5 million. The current market cap is approximately $88.5 million, an increase of about $1.35 million compared to yesterday. Recent important news about RIVER: 1️⃣ **Highly Successful Public Sale** The RIVER project’s $50 million public sale was fully subscribed within 2.5 hours, demonstrating strong market interest and confidence in the project. This rapid fundraising ability not only reflects investors' positive attitude but also provides RIVER with ample funds to support its future development plans. 2️⃣ **Innovation

Gate News Bot message, December 5th, according to CoinMarketCap data, as of press time, LUNC (Terra Classic) is currently priced at $0.000031, up 10.00% in 24 hours, reaching a high of $0.000031 and a low of $0.000026. The current market capitalization is about $171 million, an increase of nearly $15.5 million from yesterday. Terra Classic is an open-source, decentralized blockchain protected by Tendermint consensus and built on Cosmos-SDK. It split from the original Terra network and now operates independently, maintained by a diverse set of validators and one of the most active grassroots communities in the crypto space. Blocks are finalized in about 6 seconds, fees remain below 1 cent, and the chain retains control over

According to Gate News Bot, as of December 5, citing CoinMarketCap data, DCR (Decred) is currently priced at $22.40, up 14.89% in 24 hours, reaching a high of $25.60 and a low of $18.25, with a 24-hour trading volume of $17.4 million. The current market capitalization is approximately $384 million, an increase of $49.8 million from yesterday. Decred is a cryptocurrency designed to upgrade and evolve over time based on the opinions of its holders. It adopts a hybrid Proof-of-Work/Proof-of-Stake (PoW/PoS) consensus mechanism, with a total supply of 21 million, and features self-funding. Key features of Decred include staking, voting, treasury, proposals, security, fungibility, Lightning Network, and decentralized exchange (DEX). The project

Gate News Bot message: On December 5th, according to CoinMarketCap data, as of press time, CITY (Manchester City Fan Token) is currently priced at $0.65, up 12.49% in 24 hours, reaching a high of $0.76 and a low of $0.54. The current market capitalization is approximately $8.08 million, an increase of $897,500 compared to yesterday. The Manchester City Fan Token is the official fan token issued by Manchester City Football Club. Holders can participate in club decision-making votes, gain access to exclusive experiences and rewards, and more. The token is issued by the Socios.com platform, aiming to enhance fan engagement and create new revenue streams for the club. Recent important news about CITY: 1️⃣ **City Protocol promotes on-chain

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, MON (Monad) is currently priced at $0.03, down 13.34% in the past 24 hours, with a high of $0.04 and a low of $0.02. The current market capitalization is approximately $294 million, down about $45.26 million from yesterday. Monad is a next-generation Ethereum-compatible chain designed to provide high performance and scalability. The network can process 10,000 transactions per second, with sub-second finality, low fees, and scalable decentralization. Monad is fully EVM-compatible, allowing developers to seamlessly migrate existing Solidity contracts and tools.

Gate News Bot message, December 5, according to CoinMarketCap data, as of press time, XNY (Codatta) is trading at $0.01, up 31.32% in the past 24 hours, with a high of $0.02 and a low of $0.00. The current market cap is about $138,000, an increase of $329,000 compared to yesterday. Codatta (XNY) is a knowledge layer in the field of artificial intelligence, aiming to transform knowledge into royalty-generating assets. The project consists of four core parts: an expert network, quality assurance workflows, decentralized data infrastructure, and data assetization. Codatta is committed to providing professional expertise for AI, aligning interests between human contributors and AI systems, and ensuring long-term value sharing through a royalty-based payment model. Recent important news about XNY: 1️⃣

JPMorgan analysts believe that Strategy's continued high Bitcoin holdings valuation above 1, as well as its strong cash reserves, will impact Bitcoin's short-term price trends and reduce the risk of sell-offs. At the same time, the mid-term target price for Bitcoin is expected to be around $170,000.

Georgia Representative Marjorie Taylor Greene reported this week that she increased her holdings in Bitcoin during the recent market downturn. As lawmakers diversify their portfolios through digital assets, this trend highlights the growing political influence of mainstream cryptocurrency investment strategies. A periodic transaction report filed on December 2 shows that Greene purchased up to $15,000 worth of BlackRock’s iShares Bitcoin Trust (IBIT) on November 21. At that time, the price of Bitcoin dropped to as low as $82,100, marking the lowest point since April. Since then, Bitcoin has rebounded and is currently trading at around $92,373.

According to Jinse Finance, prediction market platform Kalshi added another well-known partner on Thursday, announcing an exclusive agreement with CNBC (the Consumer News and Business Channel), to integrate "real-time prediction data" into the media's news coverage across its television, digital, and subscription channels.

PANews reported on December 4 that, according to The Block, Fireblocks will begin handling stablecoin settlements for global remittance service company MoneyGram. Michael Shaulov, co-founder and CEO of Fireblocks, stated in a release: “MoneyGram is rebuilding cross-border settlement rails in real time. By moving to multi-chain, programmable infrastructure, MoneyGram is fundamentally enhancing the speed and reliability of global payments.” MoneyGram is positioning itself as a strong supporter of blockchain payment rails. The company stated in a press release that its early investments in “on/off ramps for digital currency and crypto compliance infrastructure” have given it a “first-mover advantage.”

Circle announced that its interoperability infrastructure, Circle xReserve, has been integrated with the Canton blockchain. Canton becomes the first connected blockchain, and the USDCx stablecoin is officially launched, enabling cross-chain liquidity and enhancing asset interoperability. Users can view real-time transaction data.

BlockBeats News, December 4—Wolfe Research stated that now is a good time to buy cryptocurrencies on dips. The current crypto market is showing a clear divergence between bulls and bears, creating a potential buying opportunity. The firm still expects Bitcoin’s interim bottom to be around $75,000, even after Bitcoin rebounds and regains the $90,000 level. However, Wolfe also pointed out that Bitcoin ETF inflows remain weak and digital assets overall continue to be under widespread downward pressure. From a technical perspective, the crypto market has returned to a key long-term support area, which has served as a turning point for prices multiple times in the past. Momentum indicators are improving, and Bitcoin’s current rebound is seen as constructive. Wolfe believes the next major test is the 50-day moving average at $101,000.

The recent price of Bitcoin has dropped about 36% from its all-time high, but this fluctuation is considered a regular occurrence in its history. The current price is around $93,000, down 26% from the peak. Historical data shows that such corrections are usually followed by a rebound. Analysts point out that this volatility is consistent with the long-term trend and is related to recent forced liquidation events.

PANews, December 4—According to Cryptopolitan, Russia’s second-largest bank, VTB, plans to allow investors to buy and sell cryptocurrencies through its brokerage accounts. At an international investment conference held in Moscow this week, the head of the bank’s brokerage services department announced the news. Currently, VTB is offering clients the opportunity to invest in cryptocurrency derivatives and plans to provide direct investment channels for digital assets next year. VTB plans to launch its cryptocurrency trading service as soon as it receives regulatory approval for the business. Russian financial regulators have indicated that this move is likely to be implemented in the coming months. At that time, VTB’s clients will be able to directly buy, hold, and sell crypto assets such as Bitcoin through their individual investment accounts or regular brokerage accounts.

Amidst the complex and overwhelming market information, what truly matters? "Gate Web3 Daily Highlights" aims to provide you with the essentials. We curate the most important global crypto market news every day to help you quickly grasp key trends, save time, and gain early insights. 1. Crypto Market Rally Returns, ETF Inflows Hit $1.1 Billion—Highest in 7 Weeks KobeissiLetter released a market analysis noting that cryptocurrency ETFs are making a comeback. Last week, crypto funds saw $1.1 billion in inflows, the highest in 7 weeks, marking a reversal after 4 consecutive weeks of outflows totaling $4.7 billion. US crypto ETFs led with $994 million in inflows, followed by Canada ($98 million) and Switzerland ($24 million), while Germany saw $57 million in outflows. Bitcoin led the inflows with a net inflow of $461 million, followed by ETH with $308 million. Meanwhile, investors withdrew $1.9 billion from short Bitcoin ETPs. The momentum in the crypto market is returning.

Chainlink (LINK) experienced a significant market correction this Monday, dropping to as low as $11.74. However, the price quickly rebounded and, as of press time, has risen approximately 24% from the low, currently trading at $14.61. Although the short-term recovery has been strong, the technical structure and liquidity distribution indicate that LINK’s upside potential may be limited. Recently, LINK surged 15% within six days, reaching a high of $13.57, driven by ETF-related news and spot buying. However, the rapid reversal also revealed that its long-term trend remains weak. Although the daily chart turned bullish after breaking above $13.57, the overall trend has yet to fully reverse.

ING’s latest analysis points out that the yield on the 10-year US Treasury bond is currently holding above 4% and has further room to rise. This trend is not favorable for high-risk assets such as cryptocurrencies, as rising yields often indicate tighter financial conditions and declining risk appetite. Currently, the yield on the 10-year US Treasury stands at 4.09%. Despite several economic indicators, including the ADP employment report, showing weakness—with US employment numbers shrinking for the third time in five months in November—yields have demonstrated notable resilience. In a client report on Thursday, ING stated that US Treasury yields have recently fluctuated mainly in the 4% to 4.1% range. “Although a short-term drop below this range is possible, once yields break above the upper end, the likelihood of continued increases is greater.”