Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto
Crypto21:06
CZ Emphasizes Strict Private Key Isolation for Hardware Wallets
Macro21:06
US Small Business Bankruptcies Surge to Records as Inflation Persists
Summary
6-Hour Summary
12/01/2025, 03:06
The cryptocurrency market faced a significant correction over the past six hours, with Bitcoin plunging below $88,000 and the total market capitalization dropping under $3 trillion. This sharp downward volatility triggered over $400 million in leveraged liquidations within a single hour, flushing out late long positions. The move coincided with a rotation into traditional safe-haven assets, as gold prices reclaimed the $4,250 level and silver tested historical highs.
Bitcoin Plunges Below $88k Triggering $400M in Liquidations
・Bitcoin dropped $4,000 to trade under $88,000, causing the total crypto market cap to fall below $3 trillion and triggering a massive selloff.
・The sharp decline resulted in over $400 million in leveraged liquidations, forcing major traders like "Machi Big Brother" to suffer losses.
・Capital appears to be rotating into safe havens as gold reclaims $4,250, contrasting with the drain of liquidity from risk assets.
関連
Global Yields Surge and Fed Chair Announcement Imminent
・Japan's 2-year bond yield hit 1% for the first time since 2008, while BOJ Governor Ueda signaled continued rate hikes if economic goals are met.
・President Trump confirmed a Fed Chair nominee is selected, with markets pricing in a 90% chance of a December rate cut.
・Global economic data showed weakness as China's Caixin Manufacturing PMI fell to 49.9, signaling contraction in the sector.
関連
Sony Bank and Grayscale Advance Crypto Product Offerings
・Sony Bank plans to issue a US dollar-pegged stablecoin by FY2026 to facilitate global payments within its gaming and intellectual property ecosystem.
・Grayscale is expected to launch a spot Chainlink ETF this week, while Robinhood tokenized stocks on Arbitrum for the EU market.
・These moves highlight a continued trend of traditional institutions integrating Web3 infrastructure and expanding product suites.
関連
CoinShares and HashKey Shift Strategies for Public Listings
・CoinShares withdrew US ETF filings for XRP and Solana to pursue a $1.2 billion SPAC merger and a US public listing.
・HashKey Holdings passed its HKEX listing hearing, advancing plans for an IPO to support a compliant digital asset ecosystem.
・Corporate restructuring in the sector is accelerating as firms prioritize high-margin products and public market access.
関連
Hyperliquid Volumes Surge While Yearn Suffers $9M Exploit
・Yearn Finance's yETH pool suffered a $9 million infinite mint exploit, with the attacker moving a portion of funds to Tornado Cash.
・Hyperliquid's permissionless markets hit $500 million in daily volume, attracting whale capital despite the broader market downturn.
・Decentralized tech continues to see mixed results, with new adoption on TON's AI network contrasted by security failures in DeFi.
関連
Infrastructure Updates: ETH Accumulation and Network Upgrades
・Bitmine has accumulated 3% of the total Ethereum supply, planning a validator network targeting $500 million in revenue.
・Operational disruptions are expected as major networks including Optimism and Arbitrum schedule upgrades for December 2-3.
・Large-scale entity accumulation and technical maintenance are shaping the landscape for the next quarter.