[The Dollar Remains Weak After Hitting a Five-Week Low, Market Expects an 85% Probability of a Fed Rate Cut in December] The dollar remained weak after hitting a five-week low in the previous trading session, as U.S. data and news about the Federal Reserve chair nomination boosted rate cut expectations. On Wednesday, the ADP private sector employment report came in weaker than expected, and ISM services data showed easing price pressures. Prior to the release of this data, Trump hinted at nominating Hassett as the next Federal Reserve chair. According to LSEG data, the market is pricing in an 85% probability of a Fed rate cut in December.

[Ethereum Foundation: Prysm Client Issue Requires Reconfiguration of CL Nodes] The Ethereum Foundation stated on the X platform that there is an issue with the Prysm consensus client on the mainnet. Users utilizing Prysm need to reconfigure their CL nodes, while users of other clients are not affected and do not need to take any action. Previously, the Ethereum mainnet successfully activated the Fusaka upgrade, enhancing data processing capabilities.

Tether purchased 26 tons of gold in the third quarter of 2025, bringing its total gold holdings to 116 tons, surpassing most central banks in the world. （Cointelegraph）

[CryptoQuant: XRP On-Chain Activity Hits All-Time High] CryptoQuant posted on Platform X stating that XRP on-chain activity has surged to an all-time high, which is typically associated with high liquidity, significant trader participation, or large-scale whale activity.

[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%.