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Last week's acquisition was mostly funded via the sale of common stock.
Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 Today, the cryptocurrency market continued its adjustment trend, with Bitcoin (BTC) fluctuating narrowly within the range of $88000-92000, with a 24-hour increase of about 0.5% -1% (rebounding from yesterday's low), a total market value of about $2.95 trillion, and a Fear&Greek index rising to 25 (still in extreme fear). Ethereum (ETH) is hovering around $3000, with an increase of approximately 0.8%. Shanzhai coins are diverging, with BCH leading the way (+40% within the year), followed by SOL/XRP and others showing a slight rebound, but overall trading volume is sluggish, and the leverage liquidation scale has dropped to about $500 million. On chain data shows that the stock of BTC on the exchange has hit a new five-year low (with investors continuing to buy), and LTH (long-term holders) have accumulated actively, but small retail investors have significantly reduced their holdings. The probability of a rate cut at the Federal Reserve FOMC meeting (December 9-10) is 92%, which may become a key catalyst. 1: BTC rebound expectations strengthened: BTC rebounded from yesterday's low of $83800 to around $89500, smoothing out some of its November decline (a 17% monthly drop). The market panic has surpassed fundamentals, and BTC is approaching critical support ($86000-88000), making December a bold entry point for investors. The "activity" indicator on the chain has rebounded, indicating a precursor to the historical bull market; The SOPR ratio remains stable at 1.2, indicating reduced selling pressure. If we hold onto 86K, we may test 93K next week; otherwise, we may explore 83-85K. 2: Continued outflow of ETH ETF: ETH ETF had a net outflow of 75.21 million US dollars yesterday, hovering below 3000 US dollars. At the same time, ETH rebounded strongly to 3140 after hitting the key support of 2900, showing an N-shaped upward trend and reaching the 0.5 Fibonacci level. 3: The probability of a strong rebound in December is high. Maintain position management. At present, the market structure still maintains an upward trend, with support provided by the news side; Control the position and maintain a good profit and loss ratio; Core support level: BTC86-88K ETH 2.88K-3K Target: Weekly EMA50 BTC100K ETH3.65K Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
[Suspected Falcon Finance Transfers 33.02 Billion FLOKI to Binance] A wallet address suspected to belong to Falcon Finance under DWF Labs transferred 33.02 billion FLOKI to Binance about five hours ago, valued at over $1.4 million. These tokens had been stored in the wallet for eight months, and selling them could result in a loss of nearly $500,000.
[Top Candidate for Fed Chair Hassett Opposes Preemptively Announcing Rate Path and Reaffirms Data-Driven Adjustments] White House National Economic Council Director Hassett stated on Monday that it would be irresponsible for the Federal Reserve to preemptively announce the interest rate path for the next six months. Monetary policy should be strictly adjusted flexibly based on economic data. As a top candidate to succeed current Chair Powell, Hassett refused to predict the specific number of rate cuts in 2026, emphasizing the importance of observing data. He also praised Powell for effectively coordinating opinions within the FOMC to reach a consensus on rate cuts and expressed agreement with the view that rates should continue to be lowered.
[ADGM Recognizes Multi-Chain USDT as an Accepted Fiat-Referenced Token] Tether announced that USDT issued on multiple blockchains has been recognized by the Abu Dhabi Global Market (ADGM) as an accepted fiat-referenced token. Institutions licensed by the ADGM Financial Services Regulatory Authority can offer regulated activities involving USDT on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. Previously, ADGM had already recognized USDT on Ethereum, Solana, and Avalanche.
[IG Group Analyst: Crypto Market Likely to Extend Rebound After Rate Cuts, Short-Term Bottom May Have Formed] IG Group analyst Chris Beauchamp stated that as the Federal Reserve is expected to initiate rate cuts this week, Bitcoin and other cryptocurrencies are likely to continue their rebound. Easing monetary policy could drive capital inflows into the crypto market, and the recent pullback has created more attractive entry points. The weekend decline in Bitcoin and Ethereum attracted buyers, suggesting that a short-term bottom may have formed.