[Suspected Falcon Finance Transfers 33.02 Billion FLOKI to Binance] A wallet address suspected to belong to Falcon Finance under DWF Labs transferred 33.02 billion FLOKI to Binance about five hours ago, valued at over $1.4 million. These tokens had been stored in the wallet for eight months, and selling them could result in a loss of nearly $500,000.

[Top Candidate for Fed Chair Hassett Opposes Preemptively Announcing Rate Path and Reaffirms Data-Driven Adjustments] White House National Economic Council Director Hassett stated on Monday that it would be irresponsible for the Federal Reserve to preemptively announce the interest rate path for the next six months. Monetary policy should be strictly adjusted flexibly based on economic data. As a top candidate to succeed current Chair Powell, Hassett refused to predict the specific number of rate cuts in 2026, emphasizing the importance of observing data. He also praised Powell for effectively coordinating opinions within the FOMC to reach a consensus on rate cuts and expressed agreement with the view that rates should continue to be lowered.

[ADGM Recognizes Multi-Chain USDT as an Accepted Fiat-Referenced Token] Tether announced that USDT issued on multiple blockchains has been recognized by the Abu Dhabi Global Market (ADGM) as an accepted fiat-referenced token. Institutions licensed by the ADGM Financial Services Regulatory Authority can offer regulated activities involving USDT on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. Previously, ADGM had already recognized USDT on Ethereum, Solana, and Avalanche.

[IG Group Analyst: Crypto Market Likely to Extend Rebound After Rate Cuts, Short-Term Bottom May Have Formed] IG Group analyst Chris Beauchamp stated that as the Federal Reserve is expected to initiate rate cuts this week, Bitcoin and other cryptocurrencies are likely to continue their rebound. Easing monetary policy could drive capital inflows into the crypto market, and the recent pullback has created more attractive entry points. The weekend decline in Bitcoin and Ethereum attracted buyers, suggesting that a short-term bottom may have formed.

[BitMine Increased Holdings by 138,452 ETH Last Week, Total Holdings Exceed 3.86 Million ETH] As of 8:00 PM Eastern Time on December 7, BitMine's cryptocurrency holdings include: 3.864951 million ETH (an increase of 138,452 ETH compared to last week), valued at approximately $13.2 billion at current prices; 193 BTC; $36 million worth of Eightco Holdings (NASDAQ: ORBS) shares; and $1 billion in unsecured cash.