Hackers hacked into the WeChat account of Binance co-founder He Yi and ran the Mubarak sale scam, profiting approximately $55000. （PeckShieldAlert）

[Fed Rate Cut Expectations Drive Copper Price Rebound, Once Rising to $11,582 Per Ton] Copper and other industrial metal prices rose as traders anticipated the Federal Reserve would cut rates for the third consecutive time. Copper prices once climbed 0.8% to $11,582 per ton, recovering most of the losses from the previous trading day. Investors expect the Federal Reserve to announce a 0.25 percentage point rate cut early tomorrow morning (UTC+8) while looking for clues about next year's monetary policy. By 2026, the money market predicts the Federal Reserve will implement two more rate cuts.

[Binance to Remove Multiple Spot Trading Pairs Including CHR/BTC] Binance will remove the following spot trading pairs and cease trading at 11:00 (UTC+8) on December 12, 2025: CHR/BTC, ENJ/BTC, HAEDAL/FDUSD, LISTA/BNB, POWR/BTC, PROVE/BNB, UMA/BTC, and ZRX/BTC.

[CertiK detects suspicious deposit of 4,250 ETH related to Babur hack] CertiK has detected a suspicious deposit transaction of 4,250 ETH (approximately $14 million) on Tornado Cash. This transaction is related to an attack targeting an individual with the username 'Babur' five days ago. Multiple large wallets belonging to Babur have been confirmed to have lost $19.5 million.

[Traders Bet the Fed's Rate-Cutting Cycle May End by Mid Next Year] Bond traders are betting that the Federal Reserve's rate-cutting path over the next year will be shallower and shorter than previously anticipated. Futures and options trading indicate that, in addition to the expected 25 basis point rate cut on Wednesday, traders now expect the Fed to have a total rate-cutting space of only 50 basis points by 2026, with most of it concentrated in the first half of 2026. SOFR options positions signal that traders are hedging against the scenario where the Fed ends its rate-cutting cycle around mid-next year and then pauses.