ETH falls below the $3300 mark

[Kalshi Applies to Launch 10-Year WTI Crude Oil Futures Contract] Prediction market platform Kalshi has submitted an application to launch a 10-year WTI crude oil futures contract. The contract would employ a perpetual structure with funding fees and would be traded 24/7, five days a week. The filing states that the longer contract would reduce rollover costs and basis risk, and avoid participants bearing physical delivery. The CFTC has 45 days to decide whether to approve it. (Source: The New York Times) Kalshi had previously applied for perpetual contracts on the US500 index and copper, and is in discussions with regulators to expand derivatives to foreign exchange and gold. Earlier this month, the CFTC approved perpetual futures for single stocks; Cboe and CME subsequently filed a lawsuit, and the SEC submitted a court opinion supporting the CFTC. Meanwhile, the CFTC is investigating whether Kalshi improperly used its self-certification process to launch certain event contracts. (Source: Reuters)

Norwest Raises $4 Billion Fund to Invest in Early-Stage AI Startups. Wells Fargo-backed Norwest has raised a $4 billion fund to invest in early-stage AI startups and undervalued sectors. (Source: Bloomberg Technology)

According to the PRO main order list, the total transaction data for BTC and ETH main orders in the past 24 hours are as follows: BTC: Total trading volume reached $859 million, of which $396 million was bought and $462 million was sold, resulting in a net loss of $65.8 million. ETH: Total trading volume reached $725 million, with $392 million in buying and $333 million in selling, resulting in a difference of $59.28 million. Latest data shows that major players are still positioning themselves at key price levels: the net order book difference for BTC is $1.053 billion; the net order book difference for ETH is $1.042 billion. These orders may be withdrawn or filled at any time, and their changes cannot be seen in real time on non-PRO version candlestick charts. The PRO "Main Force Large Order Tracking" indicator monitors the changes of every large order in real time, helping you determine whether this "wall" is still there. Note: A positive order book difference indicates that the main players have more limit buy orders than sell orders for this currency pair, and there is active buying support below the current price level; a negative difference indicates the opposite, with selling pressure reserves above. The data is for reference only and does not constitute any investment advice.

A week ago, F2Pool co-founder Wang Chun sold 6,200 wstETH at $2,400 each, worth $18.5 million. Over the past two days, Wang Chun has bought back 5,246 ETH at an average price of $2,054 each, worth $10.78 million.

The market predicts a 100% probability that the Federal Reserve will raise interest rates in December. CME FedWatch data shows that the probability of the Federal Reserve raising interest rates by 25 basis points is 90.8%, and the probability of raising rates by 50 basis points is 9.2%. AI Interpretation: This data directly reflects the market's extreme pricing in the Fed's monetary policy path. The extremely high probability of interest rate hikes has completely sealed off any room for a policy shift in the short term. This consistent hawkish expectation will continue to suppress the performance of risk assets and push up the dollar index. The market has fully priced in the continuation of tightening policies, and financial conditions will remain extremely tight.