Crypto Breakfast | December 17

1. The US November seasonally adjusted non-farm payrolls increased by 64,000, exceeding expectations. In October, non-farm employment decreased by 105,000 month-on-month, with market expectations of a decline of 25,000. The US November unemployment rate was 4.6%, the highest in four years.

2. Waller will undergo an interview with Trump on Wednesday. US Treasury Secretary Yellen: Waller and Hasset both have the ability to lead the Federal Reserve; it is speculated that the Federal Reserve Chair candidate will be announced in early January next year.

3. The Dow Jones initially closed down 0.6%, the S&P 500 index fell 0.2%, and the Nasdaq rose 0.2%. Crypto stocks experienced a general rebound, with CRCL up 9.99% and MSTR up 3.34%.

4. DeFiLlama data shows that the stablecoin market size has approached $310 billion. Increased liquidity in stablecoins supports DeFi projects but has not fully translated into inflows of high-risk assets.

5. Members of the Ethereum Foundation proposed discussions on enhancing smart contract transparency, involving algorithm optimization and governance. This initiative will improve the security of the Ethereum platform and developer trust, encouraging more enterprises to adopt. A more detailed governance proposal is expected to be launched before the end of the year.

6. Hong Kong crypto payment company RedotPay received lead investment from Goodwater Capital, with Pantera and Blockchain Capital participating. The annualized payment volume has reached $100 billion, mainly serving stablecoin daily consumption scenarios.

7. Security alert: North Korean hacker groups are using forged Zoom meeting links to conduct phishing attacks targeting crypto industry personnel. Remind project teams and practitioners to be vigilant against social engineering attacks and protect private keys.

8. Coinbase will launch Theoriq(THQ) spot trading, along with MERL perpetual contracts.

9. Crypto wallet Rainbow announced the RNBW tokenomics, with a total supply of 1 billion tokens. At TGE, airdrops accounted for 15%, community pre-sales via CoinList accounted for about 3%, and the circulation at TGE was about 20% (including airdrops, pre-sales, etc.).

10. Football.Fun tokens launched simultaneously last night at 9 PM on Legion and Kraken, with a fundraising goal of $3 million. Currently, $1.15 million has been raised.

11. Meme coin PIPPIN’s internal control of supply has reached 80%, valued at approximately $380 million. Over the past month, PIPPIN has increased nearly 100 times, reaching a high of $0.53 yesterday. The current price is around $0.3.

12. PancakeSwap announced the launch of a new on-chain prediction market, Probable, incubated by PancakeSwap in collaboration with YZi Labs. It will soon go live and be exclusively deployed on BNB Chain.

13. OpenAI has launched more refined and faster image generation features.

【Bitcoin Market Analysis】 Last night, positive and negative non-farm data offset each other. Wall Street is currently paying close attention to January data, as it involves whether interest rate cuts will occur in January. After the non-farm data was released last night, market predictions for a rate cut in January slightly increased, but the increase was modest.

Bitcoin has continued to weaken in the past 4 hours, with no effective signs of stopping the decline or finding support. We will wait for the market reaction after Japan’s interest rate hike on the 19th.

【Risk Reminder】 Digital assets are highly volatile with significant risks. Please participate cautiously, avoid full-position gambling, and refuse to use leverage loans.