Binance FIL/USDT perpetual trading volume surged fivefold within 10 minutes, with a turnover of $114 million in the past 24 hours, an increase of 0.40% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

[Michael Saylor says major banks like BNY Mellon have started issuing Bitcoin-backed loans] MicroStrategy founder and executive chairman Michael Saylor stated that several major banks, including BNY Mellon, Wells Fargo, Bank of America, Charles Schwab, JPMorgan Chase, and Citigroup, have begun issuing loans backed by Bitcoin.

[Japan to Require Crypto Exchanges to Hold Liability Reserves or Purchase Insurance] Japan will require cryptocurrency exchanges to hold liability reserves or purchase insurance to ensure compensation for customers in the event of a hacking incident.

[South Korea's National Pension Service Increases MicroStrategy Holdings to $93 Million] South Korea's National Pension Service (NPS) has increased its holdings in Bitcoin treasury company MicroStrategy (MSTR) to $93 million.

[Matrixport: Bitcoin Implied Volatility Compresses, Year-End Rally Probability Declines] Matrixport released a market analysis stating that Bitcoin's implied volatility continues to compress, reducing the probability of a significant year-end rally. Today's FOMC meeting is the last major catalyst, and volatility may further decline during the holiday period after the meeting concludes. In the absence of directional momentum driven by new inflows from Bitcoin ETFs, the market may return to a range-bound pattern. Implied volatility is decreasing, and the market is lowering the likelihood of an upward movement by the end of December.