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BlockBeats News, December 6th, according to HTX market data, Ethereum hit $3000 on the downside, with a 24-hour decrease of 5.08%.
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BlockBeats News, December 6th, according to HTX market data, Bitcoin fell below $89,000, with a 24-hour percentage change of -4.19%.
Blockchain Bank N3XT has completed three rounds of financing totaling $72 million, with participa...
BlockBeats News, December 6th, a group of former executives of Signature Bank (which closed in March 2023) today announced the launch of a new blockchain-driven full-reserve bank aiming to provide programmable dollar payment services. This new bank is called N3XT, holds a Wyoming SPDI (Special Purpose Depository Institution) charter, achieves instant settlement through a private blockchain system, and allows enterprises to automate various transactions through smart contracts.N3XT has completed three rounds of fundraising totaling $72 million, with investment from several VCs including Paradigm, HACK VC, Winklevoss Capital, among others. Unlike traditional banks, N3XT does not lend or use customer deposits. All deposits are fully backed by cash or short-term US government bonds on a 1:1 basis, with daily disclosure of reserve status. The leadership team includes:CEO Jeffrey Wallis: Former Digital Asset Strategy Director at Signature Bank;Scott Shay: Signature Co-Founder, designer of its cryptographic payment system Signet, and also a Founder of N3XT.
Opinion: The DAT Bubble has largely burst, and companies need to hold their positions and wait fo...
BlockBeats News, December 6th, according to a report by CoinDesk, James Butterfill, Research Director at crypto asset management firm CoinShares, stated in a report that the Digital Asset Treasury (DAT) bubble has essentially burst. By the summer of 2025, companies trading at prices 3 to 10 times their market value net asset value (mNAV), which once saw token treasuries as a growth engine, have now fallen back to around 1 times or lower levels, experiencing a sharp correction in the trading model.The next trend will depend on market behavior: either price declines triggering disorderly selling, or companies holding their positions and waiting for a rebound. Butterfill said he is more inclined towards the latter, citing improved macroeconomic conditions and a potential interest rate cut in December, which would provide support for cryptocurrencies. Butterfill pointed out that the bigger challenge lies in structural issues. Previously, a group of companies accumulated mega-scale treasury assets in the open market but failed to build a sustainable business, leading to reputational damage.Today, investors' tolerance for equity dilution without actual operating income and excessive concentration of single assets is decreasing. There are signs indicating that stronger companies are now incorporating Bitcoin into rigorous treasury and forex management strategies, demonstrating a healthier development trend.
BlockBeats News, December 5th, according to on-chain monitoring by lookonchain, Circle minted an additional 5 billion USDC 1 hour ago. Over the past month, Circle has minted a total of 10 billion USDC.
BlockBeats News, December 5th, Cloudflare released a post-incident summary stating that the outage on December 5th resulted in a total impact of approximately 25 minutes. The outage was not caused by a network attack.
September Core PCE Inflation Cools, Setting the Stage for Fed Rate Cut Next Week
BlockBeats News, December 5th, the Fed's favored inflation gauge stayed below 3% in September and showed a moderate monthly price increase, which may not hinder the Fed's consideration of a rate cut at the meeting next week. The U.S. Commerce Department said on Friday that the September PCE price index rose by 0.3% on a monthly basis, pushing the annual rate up slightly from 2.7% in August to 2.8%. The core PCE annual rate, excluding the more volatile food and energy prices, fell from 2.9% in August to 2.8%.The monthly price increase was broadly in line with Wall Street's expectations. Normally, the Fed would have a full picture of October inflation and November employment before holding its final meeting of the year.However, the government shutdown delayed the release of this data, leaving the Fed to weigh its next move based on a set of outdated official economic indicators. At next week's meeting, Fed officials will discuss how to strike a balance between soaring inflation and a cooling labor market, a challenging dynamic that poses a threat to both of the Fed's dual mandates. (FXStreet)
Yi Li Hua: Fusaka Upgrade Causes Ethereum Gas Blob Fee Surge Due to EIP-7918 Fee Floor
BlockBeats News, December 5th, Liquid Capital (formerly LD Capital) founder Eric Yaohua posted on social media, stating, "After the Ethereum Fusaka upgrade, the blob base fee surged by 15 million times. The core reason is the addition of the EIP-7918, which introduces a blob fee 'base fee' mechanism. Previously, the blob fee had no minimum limit and was stuck at 1 wei (almost free) for a long time, causing nodes to bear costs such as KZG verification without reasonable returns. After the upgrade, the blob fee needs to be ≥1/15.258 of the L1 execution base fee, directly anchoring to the actual network cost.This design not only allows prices to reflect actual resource consumption (avoiding L2 free occupation of network resources) but also adjusts blob traffic through price fluctuations to prevent congestion. At the same time, PeerDAS technology has increased blob storage capacity. In addition, the blob fee is included in the ETH burning mechanism. It is estimated that in the future, it may burn 8 times more ETH, and by 2026, it is expected to contribute to 30-50% of the total burn (depending on the growth of L2 transaction volume)."
If Ethereum breaks above $3200, the total open interest liquidation on major CEXs will reach $764...
BlockBeats News, December 5th, according to Coinglass data, if Ethereum breaks above $3200, the cumulative short liquidation intensity on mainstream CEXs will reach $764 million.Conversely, if Ethereum drops below $3000, the cumulative long liquidation intensity on mainstream CEXs will reach $973 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that the price reaching that level will generate a more intense reaction due to a liquidity cascade.
peaq is launching a Web3-native robot showcase video, presenting a future robot world owned colle...
BlockBeats News, December 5th. Layer1 blockchain peaq, focusing on the Machine Economy, recently released a brand new video featuring a Web3-native robot owned collectively by the community, showcasing peaq's vision of a community-driven future robot ecosystem.In the video, the robot Milo has its own Peaq ID, which can be understood as its on-chain identity card. With this identity, it can interact with different applications within the peaq ecosystem. Robot Milo earns income by completing tasks, with the rewards going directly to its on-chain wallet; at the same time, its work history and daily processes are fully recorded on the chain, and users can interact with it using peaq tokens.This video clearly outlines the "co-created and community-shared" robot future vision built by peaq. Currently, the world's first tokenized robot farm has officially started operation on the peaq network.
Analysis: September Core PCE Below Expectations to Give Fed Green Light for Further Rate Cuts
BlockBeats News, December 5th: A key inflation indicator released by the U.S. Department of Commerce on Friday showed that inflation in September was lower than expected. This delayed report, due to the government shutdown, further paved the way for the Fed to cut interest rates. The core PCE price index, which excludes volatile food and energy prices, rose by 0.2% on a monthly basis and 2.8% annually. While the monthly rate was in line with general expectations, the annual rate was 0.1 percentage point lower than expected.In addition, according to the U.S. Bureau of Economic Analysis, overall personal consumption expenditures rose by 0.3% monthly, with an annual inflation rate of 2.8%.Both of these data points met expectations. Federal Reserve officials use the PCE price index as a key policy tool to measure inflation. While officials consider both headline and core data, they generally view core data as a better indicator of long-term inflation trends. The report was delayed by several weeks due to the government shutdown, during which all data collection and economic reporting were paused. (Krypton Finance)
Bitcoin Deposit Sentiment Slowing Down, with a CEX Net Inflow of 145.36 BTC in the Last 24 Hours
BlockBeats News, December 5th, according to Coinglass data, in the past 24 hours, the total CEX net inflow was 145.36 BTC, with the top three CEX inflows as follows:· OKX net inflow of 459.97 BTC;· Bitfinex net inflow of 360.07 BTC;· KuCoin net inflow of 147.52 BTC.Furthermore, Binance had a net outflow of 326.22 BTC, ranking first on the outflow list.
U.S. Consumer Confidence Edges Up in December, Overall Sentiment Remains Cautious
BlockBeats News, December 5th - Joanne Hsu, Director of Consumer Surveys at the University of Michigan, stated that at the beginning of December, the Consumer Confidence Index rose by 2.3 points to 53.3, with the increase falling within the margin of error. This month's growth was mainly concentrated among young consumers. Despite little change in views on the current situation, there was an improvement in expectations — with personal financial expectations rising by 13%. Improvement trends were observed across all age, income, education, and political orientation groups.However, the Personal Financial Expectations Index in December was still nearly 12% lower than at the beginning of the year. While there was a slight improvement in labor market expectations, it remains relatively sluggish. Consumers believe that some indicators have slightly improved compared to November, but overall sentiment remains generally cautious, with high price burdens continuing to be a major point of concern.Looking ahead, the one-year inflation expectation decreased from 4.5% in November to 4.1% in December, the lowest level since January 2025, marking the fourth consecutive month of decline. However, short-term inflation expectations remain higher than 3.3% in January. Long-term inflation expectations decreased from 3.4% in November to 3.2% in December, aligning with the January 2025 reading. (Jin10)
BlockBeats News, December 5th: In September, the core PCE price index in the United States unexpectedly fell to 2.8% on an annual basis, hitting a three-month low. In response to this, Bitcoin experienced a short-term increase of 1.06%, rising above $91,000.
BlockBeats News, December 5th: In September, the U.S. core PCE price index year-on-year unexpectedly fell to 2.8%, hitting a three-month low, with market expectations of 2.9% for the third consecutive month. (FXStreet)
BlockBeats News, December 5th, the US September Core PCE Price Index YoY was announced as 2.8%, expected 2.9%, previous value 2.9%. (FXStreet)
In the past 4 hours, the entire network has seen liquidations totaling $97.297 million, with shor...
BlockBeats News, December 5th, according to Coinglass data, in the past 4 hours, a total of $97.297 million was liquidated across the entire network, with $90.403 million in long liquidations and $6.8934 million in short liquidations.In the past 24 hours, a total of 113,512 people worldwide were liquidated, with a total liquidation amount of $350 million. The largest single liquidation occurred on Hyperliquid - FARTCOIN-USD, amounting to $5.4127 million.
If Bitcoin falls below $88,000, the mainstream CEX long liquidation pressure will reach $617 mill...
BlockBeats News, December 5th, according to Coinglass data, if Bitcoin falls below $88,000, the cumulative long liquidation intensity of mainstream CEXs will reach 617 million.Conversely, if Bitcoin surpasses $92,000, the cumulative short liquidation intensity of mainstream CEXs will reach 455 million.BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent clusters, i.e., the intensity.Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
BOFA: Market Likely to Soon Price in Fed Jan Cut
BlockBeats News, December 5th: Bank of America pointed out that despite the Federal Reserve sending a cautious policy signal, the market may soon start to more actively bet on a rate cut in January next year. The bank expects the Fed to cut rates by 25 basis points in December, while issuing a more hawkish guidance and showing dissenting views, with its economic forecasts expected to indicate stronger growth and lower inflation.Bank of America believes that given the large amount of data to be released before January, Chairman Powell will find it difficult to effectively suppress the market's expectations of further easing. Analysts stated that with the market focusing on the upcoming data releases, Powell is unlikely to change the market's policy expectations based on "data dependency." (FXStreet)
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BlockBeats News, December 5th, according to HTX market data, Bitcoin briefly dropped below $90,000, with a 24-hour decrease of 2.66%.
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BTCVSGOLD
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Yesterday in Dubai, Peter Schiff walked on stage holding a gold bar.
CZ asked him one simple question: “Is it real?”
Schiff replied: “I don’t know.”
The London Bullion Market Association later confirmed what gold experts already know. There is only one way to verify gold with 100 percent certainty: melt it.
Verification requires destruction.
Bitcoin does not.
It self-verifies in seconds. No experts. No labs. No trust.
A public ledger secured by math, instantly checkable by 300 million people from anywhere in the world.
For 5,000 years, gold’s monetary premium came from scarcity.
But scarcity means nothing if authenticity cannot be proven.
The numbers most people never mention:
Five to ten percent of the global physical gold market is tied to counterfeit gold.
Every vault, every bar, every transfer relies on trusting someone.
Bitcoin requires trusting no one.
Gold’s market cap of 29 trillion dollars is built on “Trust me.”
Bitcoin’s 1.8 trillion is built on “Verify it yourself.”
This is not a battle between speculation and stability.
It is a full inversion of verification costs in the 21st century.
When the leading voice of the gold camp cannot verify the bar in his own hand, the argument writes itself.
Physical assets that cannot prove themselves will lose their monetary premium to digital assets that can prove themselves every 10 minutes, every block, forever.
The question is no longer “Is Bitcoin real money?”
The real question is: “Was gold ever verifiable money in the first place?”
#BinanceBlockchainWeek #BTCVSGOLD
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