[U.S. Treasury Yields Rise During Asian Trading Session, Market Bets on Fed Rate Cuts] On December 4, U.S. Treasury yields rose during the Asian trading session, reversing Wednesday's decline, but remained within the recent range. Weekly initial jobless claims data will be released this afternoon, potentially providing key insights for the Federal Reserve's December rate decision. According to LSEG data, the probability of a 25 basis point rate cut by the Federal Reserve is priced at 85% in the currency market. On Wednesday, ADP private sector employment data showed weakness, with November employment unexpectedly declining. Tradeweb data indicates that the two-year Treasury yield rose by 1.8 basis points to 3.503%, while the 10-year Treasury yield increased by 2.5 basis points to 4.082%.

[Hamak Strategy Secures £2.5 Million Funding for Bitcoin Treasury Strategy] UK-listed company Hamak Strategy has secured £2.5 million in funding, which will be used to support its Bitcoin treasury strategy and gold exploration in Africa.

[Entrée Capital Launches $300 Million Web3 Fund] On December 4, 2025, Entrée Capital announced the establishment of a $300 million fund focused on investments in early-stage cryptocurrency and Web3 infrastructure. The fund emphasizes supporting the development of AI financial agents for self-managed assets, decentralized physical infrastructure (DePIN) networks, and compliance-as-code tools.

[Haiku Completes $1 Million Pre-Seed Funding, Focuses on Simplifying DeFi Execution] Decentralized trading infrastructure project Haiku announced the completion of a $1 million Pre-Seed funding round, led by Big Brain Holdings, with participation from Auros, Frostlight, Daedalus Syndicate, and Biconomy CEO Ahmed Al-Balaghi. Haiku has introduced a 'declarative transaction' model, allowing users to define target states, with the system automatically executing complex strategies. It supports 20 blockchains and over 45 protocols, aiming to optimize DeFi operational processes.

[Top 3 HYPE Short Sellers on Hyperliquid Hold Significant Spot Positions, Abraxas Spot Holdings Surpass Shorts] On December 4, HyperInsight data revealed that most whales with short positions exceeding $10 million on Hyperliquid also hold substantial spot positions. The top three addresses for HYPE short positions are as follows: 1. 'BobbyBigSize' holds approximately $51.5 million in short positions and about $11.85 million in spot positions; 2. 'Abraxas Capital' holds approximately $71 million in short positions across two addresses and has been steadily increasing spot holdings since the beginning of the month, rising from $56 million to $63 million over the past three days; 3. 'Lightning Swing Hunter' holds approximately $32.91 million in short positions and about $6.68 million in spot positions.