'Hardcore Short Whale' reduces short position by 20 BTC, worth $1.73 million

[Gold and Silver Prices Pull Back, Market Focuses on Fed Rate Cut Clues and Chair Nominee] On December 2, gold prices continued to decline, while silver retreated from the record high set yesterday. Swissquote Bank analyst Carlo Alberto De Casa stated that some traders chose to take profits after gold prices rebounded from $4,000 to $4,250. Data shows that U.S. manufacturing contracted for the ninth consecutive month in November. Investors are closely watching the November ADP employment report and the September PCE index for clues on a potential rate cut at next week's Federal Reserve meeting. Meanwhile, the market is awaiting President Trump's announcement of the new Federal Reserve Chair nominee, with White House National Economic Council Director Hassett as the leading candidate. De Casa expects gold prices to consolidate between $4,000 and $4,400 in the coming weeks and noted that a Fed rate cut could drive gold prices higher.

[BNP Paribas Joins European Stablecoin Alliance] BNP Paribas Chief Financial Officer stated that BNP Paribas has joined the European Stablecoin Alliance.

[BitMart Futures to Launch RLSUSDT Perpetual Contract in December 2025] BitMart Futures announced that the RLSUSDT perpetual contract will go live on December 2, 2025, at 21:00 (UTC+8), supporting up to 20x leverage.

[Polish President Vetoes Strict Crypto Asset Market Regulation Bill] Polish President Karol Nawrocki has vetoed the 'Crypto Asset Market Bill,' which aimed to impose strict regulations on the crypto asset market. In a statement released by the presidential press office on Monday, the veto was attributed to concerns that the bill's provisions could threaten citizens' freedoms and property security, as well as pose risks to national stability. Nawrocki criticized the bill's lack of transparency regarding domain blocking provisions, which could lead to abuse. Additionally, the bill's complexity and high regulatory costs could negatively impact startups while benefiting foreign companies and banks. The bill, introduced in June this year, had sparked criticism within the industry. Cryptocurrency advocates have expressed support for this decision, while some government officials have criticized the president's veto.

[A Whale Shorting 21 Altcoins with Unrealized Gains of $6.417 Million] On-chain analysis shows that address 0xa31...8aD1E has been employing a strategy of shorting altcoins since June this year. Currently, 21 out of 22 positions are short positions with unrealized gains, totaling $6.417 million. The total profit of this address has exceeded $78.86 million, with the highest unrealized gain coming from ASTER at $1.955 million. ENA is the only long position and is currently in an unrealized loss.