Bitget Daily Briefing (December 3) | Trump hints that Hassett is the next Fed chair; Musk predicts $38.3 trillion "crisis" could trigger a surge in BTC prices

Today's Outlook

1. USDC Treasury has minted an additional 500 million USDC on the Solana chain. Earlier, Tether Treasury minted an additional 1 billion USDT on the Tron network.
2. The end of the lock-up period triggered a sell-off, with shares of American Bitcoin Corp., a crypto mining company co-founded by Eric Trump, plummeting over 50% in 30 minutes.
3. CME has launched a Bitcoin Volatility Index to quantify market uncertainty. This index references the implied volatility of Bitcoin and micro Bitcoin options, similar to the VIX in the stock market, aimed at optimizing options pricing and risk management.

Macro & Hot Topics

1. Trump actively hints that Hassett is a candidate for the next Federal Reserve Chair, stating during a White House meeting that the potential Fed Chair is right here.
2. Musk predicts that a $38.3 trillion "crisis" could trigger a surge in Bitcoin prices.
3. SEC Chair: The innovation exemption for cryptocurrency companies will take effect in January next year.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $430 million, with $360 million from short positions. BTC liquidations amounted to $210 million, while ETH liquidations reached $92 million.
2. U.S. stocks: The Dow Jones increased by 0.39%, the S&P 500 rose by 0.25%, and the Nasdaq Composite gained 0.59%.
   
3. The Bitget BTC/USDT liquidation map shows: High-leverage long positions (50--100x) are densely accumulated in the $89,000--$92,000 range below the current BTC price (around $92,930). A pullback could trigger a series of long liquidations, creating a downward amplification effect. The accumulation of short liquidations above is relatively light, with short leverage mainly concentrated above $94,000, indicating weaker resistance to price increases and greater potential for upward breakout.
   
4. In the past 24 hours, BTC saw an inflow of $411 million and an outflow of $291 million, resulting in a net inflow of $120 million.
   

News Updates

1. SBF supports Trump's pardon for the former president of Honduras.
2. Pump.fun transferred $75 million USDC to Kraken 2 hours ago, bringing the total transfer to $555 million.
3. MetaMask launches "Transaction Shield" service, offering up to $10,000 in compensation per month.

Project Progress

1. The U.S. Solana spot ETF saw a total net inflow of $45.77 million in a single day.
2. Ethena received over 46.79 million ENA from Bybit, with the source wallet previously linked to Coinbase.
3. Aave DAO is considering scaling back its multi-chain deployment, planning to terminate zkSync, Metis, and Soneium instances.
4. A certain whale purchased nearly 3 million ASTER within 24 hours, with a transaction amount of $3 million.
5. The Astria Network based on Celestia has terminated its shared sequencer network, marking the official shutdown of its shared sequencer network.
6. Strategy CEO: Does not rule out the possibility of lending Bitcoin to enhance financial flexibility.
7. Uniswap Labs is collaborating with European financial app Revolut, allowing users to purchase cryptocurrencies using Revolut on the Uniswap web app and wallet.
8. Solana financial company Upexi announced the completion of a private placement of up to $23 million in common stock and warrants.
9. Yesterday, Ethereum's mainnet gas fees dropped to as low as $0.02, even lower than some L2 networks.
10. Grayscale Chainlink Trust ETF has been listed on NYSE Arca as a new spot ETP.
    **Disclaimer: This report is generated by AI, with human verification for information only, and does not constitute any investment advice.