[Survey Shows Federal Reserve May Lower Interest Rates by 25 Basis Points on December 10] A Reuters survey indicates that 89 economists expect the Federal Reserve to lower the federal funds rate by 25 basis points on December 10, to the 3.50%-3.75% range; another 50 economists predict that the Federal Reserve will lower the rate to the 3.25%-3.50% range in the first quarter of 2026.

[Binance's New CEO Heyi Says 'CZ is History, I am the Future'] Binance posted on platform X that the new CEO, Heyi, stated at the closing of Binance Blockchain Week, 'CZ is history, I am the future.'

[Spot Gold Short-Term Fluctuations After U.S. Initial Jobless Claims Data Release] After the U.S. initial jobless claims data was released, spot gold briefly dropped by $8 and then partially rebounded, currently quoted at $4190 per ounce.

[Chicago Fed Expects U.S. November Unemployment Rate to Stay at 4.4%] On December 4, the Chicago Fed projected that the U.S. November unemployment rate would remain roughly stable at 4.4%.

[Former Signature Bank Executives Establish Blockchain Bank N3XT] Nearly three years after the collapse of Signature Bank, its former executives have founded a new blockchain-based bank, N3XT, focusing on enabling instant, round-the-clock USD payments. N3XT was established by Signature Bank founder and former chairman Scott Shay, with Jeffrey Wallis serving as CEO. Wallis previously held the role of Director of Digital Assets and Web3 Strategy at Signature Bank. Wallis stated that every dollar deposited in N3XT will be backed by cash or short-term U.S. Treasury bonds, with daily disclosures of reserve holdings. The reserves will be held with custody partners, though specific institutions were not disclosed. N3XT will not be insured by the Federal Deposit Insurance Corporation (FDIC), as Wyoming special-purpose banks are not required to obtain FDIC insurance.