ETH breaks through the $3100 mark

[Wall Street Expects Powell to Deliver a 'Hawkish Rate Cut' This Week, Fed's Internal Divisions Intensify] Wall Street expects Powell to deliver a 'hawkish rate cut' this week, meaning a rate cut this month while avoiding signaling a rate cut in January next year to appease hawks. Analysts at Bank of America believe Powell is facing internal divisions and will attempt to balance rate cut expectations with a hawkish stance. JPMorgan Chief U.S. Economist Michael Feroli predicts Powell will emphasize that interest rates are near neutral levels and that additional easing policies will depend on a substantial deterioration in the labor market.

[Matrixport: Bitcoin stabilizes in the short term but faces difficulty breaking through, key range at $91,500] As the December 10 FOMC meeting approaches, Bitcoin has stabilized but it is not sufficient to confirm the start of a new upward trend. The options market pricing implies approximately 5% downside risk, indicating that funds are still hedging against potential pullbacks. The year-end market is in a deleveraging phase, with short-term rebounds seen as opportunities to reduce positions. Liquidity is expected to tighten around Christmas, with the current key range for bulls and bears located at $91,500. Overall, volatility is expected to continue converging, and the probability of a strong breakout immediately following the FOMC meeting is relatively low.

[Bitwise CIO: Harvard University Increased Bitcoin Holdings to $443 Million in Q3] Bitwise CIO Matt Hougan posted on the X platform, stating that Harvard University increased its Bitcoin investment from $117 million to $443 million in the third quarter, while raising its allocation to gold ETFs from $102 million to $235 million. Harvard University decided to make a depreciation trade, with its Bitcoin allocation being twice that of gold.

[Binance Obtains Full ADGM License, Transitioning to Three-Entity Structure Starting 2026] Binance has announced that it has obtained full regulatory approval from Abu Dhabi Global Market (ADGM), allowing its global platform to operate under the ADGM framework. Starting January 6, 2026, Binance's services will be handled by three ADGM-licensed entities, covering functions such as trading, clearing custody, and over-the-counter (OTC) transactions. In line with the structural adjustment, Binance will update its user agreement on January 5, 2026, with users' existing rights and obligations transferred to the corresponding entities. UID, balances, and order records will remain unchanged.

[CZ States Twitter is Basically Personally Operated, Binance Responds to Meme Coin Insider Trading Allegations] In response to community inquiries about Twitter account management, CZ stated that assistants have access but rarely post, and tweets are basically all personally posted by CZ. Additionally, regarding community allegations that Binance official Twitter staff or insiders may have issued themed Meme coins before official promotion, Binance Customer Support responded that an internal review is underway, with zero tolerance for corruption. Results will be reported once confirmed.