Social media platform "X" has been fined 120 million euros by the EU for violating content regulations.
The social media platform "X" has been fined 120 million euros by the EU for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and has given X 60 days to provide a solution and 90 days to implement it.

Seven Departments Including the National Internet Finance Association of China Issue Risk Warning on Preventing Illegal Activities Involving Virtual Currencies
Seven departments, including the National Internet Finance Association of China, have issued a risk warning on preventing illegal activities involving virtual currencies. "Recently, concepts related to virtual currencies have rapidly gained popularity, and some criminals have taken the opportunity to promote trading and speculative activities. Under the guise of stablecoins, 'air coins' (such as Pi Coin), real-world asset (RWA) tokens,

Bank of America Warns: Fed's Dovish Rate Cuts May Impact Year-End Stock Rally
Bank of America strategists have warned that if the Federal Reserve adopts an overly cautious stance on the economic outlook, it could jeopardize the year-end stock market rally. As the S&P 500 approaches record highs and investors look forward to Fed rate cuts alongside easing inflation, BofA strategist Michael Hartnett pointed out that if the Fed sends a dovish signal at next week’s meeting, this optimism will be put to the test, potentially indicating that the economic slowdown is worse than expected.

Cloudflare control panel and Cloudflare API services are experiencing issues
Due to a large-scale Cloudflare service outage, multiple major Solana protocols, including Jupiter, Raydium, and Meteora, are experiencing user interface downtime.

US DTCC Survey: 72% of Respondents Cite Global Demand and Regulatory Momentum as the Primary Drivers for Extended Trading Hours
According to market news, a survey by the Depository Trust & Clearing Corporation (DTCC) in the US shows that 72% of respondents cite global demand and regulatory momentum as the primary drivers for extending trading hours, while the 24/7 trading nature of the cryptocurrency market has influenced this demand.

BlackRock’s Bitcoin ETF has seen five consecutive weeks of outflows, totaling over $2.7 billion
BlackRock's iShares Bitcoin Trust (IBIT) has experienced its longest single-week outflow since its launch in January 2024. In the five weeks ending November 28, investors withdrew more than $2.7 billion from the ETF.
As of Thursday, the ETF faced another $113 million in redemptions, putting it on track for a potential sixth consecutive week of net outflows.
IBIT currently has over $71 billion in assets under management. Blockchain analytics firm Glassnode noted that this trend signifies a clear reve

U.S. Treasury yields edged lower as the market awaits PCE data
U.S. Treasury yields declined, giving back part of Thursday’s gains that were driven by better-than-expected initial jobless claims data. On Friday, the focus for U.S. economic data is the September Personal Consumption Expenditures (PCE) Price Index.
This inflation gauge, favored by the Federal Reserve, had its release delayed due to the longest government shutdown in U.S. history. According to Tradeweb data, during the Asian trading session, Treasury yields across maturities fell by 1 to 1.5 basis points, with the two-year yield

Analyst: Labor Data May Mark the End of the Fed’s “Hawkish Rate Cut” Era
On December 5, Daniel Loughney, an analyst at Mediolanum International Funds, stated that, in line with market expectations, he anticipates the Federal Reserve will lower the federal funds target range by 25 basis points next week, driven by weakness in labor market statistics.
The head of fixed income and managing director said in a report: “Recent rate cuts have been viewed as ‘hawkish cuts,’ but this time, the weak labor market may prompt a more dovish response.” He noted that the key focus will be the “dot plot”—that

The Federal Reserve will release the PCE data tonight, with CPI absent as the sole inflation indicator
At 23:00 Beijing time, the Federal Reserve's preferred inflation indicator—the PCE data—will be released. Since the CPI data has been officially announced as absent, tonight's data will become the only inflation guide before the Fed's December meeting. The market will scrutinize every detail of this report, remaining alert to potential market volatility.

BofA: Bank of Japan to Raise Rates to 0.75% in December, Then Hike Every Six Months
BofA economist Takayasu Kudo wrote in a report that after the Bank of Japan raises its target rate from 0.5% to 0.75% at its December 18-19 meeting, it is expected to continue raising the policy rate once every six months.
He stated: "Based on recent developments in corporate earnings, wage negotiations, the depreciation of the yen in the foreign exchange market, as well as dialogues with the government, the Bank of Japan is increasingly confident that it can raise rates at the upcoming December meeting." The e

Preview: The US will release the September Core PCE Price Index YoY at 23:00 tonight
At 23:00 Beijing time on Friday night, the US Department of Commerce will release the US September Core PCE Price Index YoY, with an expected value of 2.9% and a previous value of 2.9%.

Bitwise CIO: Strategy Will Not Be Forced to Sell Bitcoin
On December 5, according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan stated that despite the drop in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion worth of Bitcoin holdings.
Hougan pointed out that MSTR has $1.4 billion in cash reserves, does not need to repay its debt until 2027, and the current Bitcoin price is about $92,000, higher than the company’s average purchase cost of $74,000.

Bitwise CIO: Strategy Will Not Be Forced to Sell Bitcoin
On December 5, according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan stated that despite the decline in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion worth of Bitcoin holdings. Hougan pointed out that MSTR has $1.4 billion in cash reserves, no debt repayment required before 2027, and the current Bitcoin price is around $92,000, higher than the company’s average purchase cost of $74,000.

Polymarket User Suspected of Insider Trading, Mysterious Account Profits $1 Million
According to Decrypt, Polymarket yesterday announced the 2025 Google search trends results, with little-known singer d4vd unexpectedly winning. A user with the code 0xafEe accurately bet on all major candidates and profited $1.15 million, sparking suspicions of insider trading. This user not only correctly predicted d4vd's victory—who had only a 0.2% chance at the time—but also accurately judged the defeat of popular candidates such as Pope Leo XIV and Trump.
Afterwards, the user immediately changed their nickn