According to Jinshi Data, the Royal Bank of Canada (RBC) projects a modest uptick in the US Consumer Price Index (CPI) annual rate for November, driven by a slower decline in energy prices. This shift may contribute to a slight rise in overall inflation despite easing food price pressures.Stable Core InflationRBC predicts that core CPI, which excludes volatile factors like food and energy, will maintain a steady annual rate of 3.3%, marking its third straight month at this level. This suggests a continued moderation in underlying inflationary pressures.Market ImplicationsThe anticipated uptick in the overall CPI annual rate could influence market expectations ahead of the Federal Reserve's policy decisions. Investors will be closely watching the November CPI data, as it may provide key insights into future monetary policy directions and economic trends.

According to Scam Sniffer, 34 minutes ago, a user lost $7.8 million worth of SolvBTC after signing a phishing transaction.

According to TechFlow, blockchain analytics firm IntoTheBlock shared insights on X about Bitcoin's accumulation patterns. The data underscores that the real buying interest is concentrated between $94,800 and $97,700, where over 1.3 million unique wallet addresses have added BTC to their holdings.Key Support Zone for BitcoinThis accumulation zone highlights strong investor confidence in Bitcoin’s price stability within this range, positioning it as a potential support level. Historically, such clusters of wallet activity act as a buffer, preventing sharp price declines and offering critical stability during market fluctuations.Near-Term OutlookWhile 482,000 addresses have shown interest between the current trading range and $100,000, the larger concentration of addresses in the $94,800 to $97,700 range suggests a solid foundation for Bitcoin's price. Should prices dip, this range may serve as a strong support level, maintaining market equilibrium.Bitcoin enthusiasts and traders will be closely monitoring these levels for signs of breakouts or rebounds, shaping the cryptocurrency’s short-term trajectory.

The upcoming release of the November CPI data in the United States is generating significant market anticipation. According to Jin10 Data, financial experts believe the inflation data could provide the Federal Reserve with a solid basis to begin reducing interest rates in its upcoming policy meeting.Impact on MarketsKyle Rodda, a financial market analyst at Capital.com, pointed out that easing inflationary pressures may signal the Fed's willingness to adjust its monetary policy. This expectation has sparked discussions around its potential ripple effects, particularly in the gold market, which tends to thrive during periods of lower interest rates.Catalyst for Gold PricesHistorically, falling interest rates reduce the opportunity cost of holding non-yielding assets like gold, making the precious metal an attractive hedge against economic uncertainty. If the Federal Reserve signals a pivot, it could provide bullish momentum for gold prices, Rodda added.What to Watch ForInvestors will closely monitor the November CPI release and its components, which could determine the Fed's decision-making process. A marked slowdown in inflation could serve as the trigger for rate cuts, fueling optimism across various sectors, including commodities and equities.

Magic Eden, ME finally issued its token, but NFT is really out of fashion. Golden Finance, Magic Eden finally issued its token, and it was first launched on Binance.

According to Spot On Chain, two dormant wallets (likely one entity) spent $10.12 million to buy 2,736 ETH an hour ago at an average price of $3,699. The two wallets withdrew stablecoins from Binance a year ago, but did not make their first purchases until now.

According to Ai Yi, an analyst on the chain, the whale/institution that built a position of 88,943 ETH on October 29th is suspected to have added another 5,854 ETH one hour ago, equivalent to about 21.55 million US dollars. Since October 29th, the address has withdrawn a total of 88,943 ETH from Binance and Bybit at an average price of 3,037 US dollars, with a total value of up to 270 million US dollars. From November 3 to December 4, the address is suspected to have sold 35,220 ETH at an average price of 3,224 US dollars, making a profit of about 6.59 million US dollars. At present, the remaining part still has a floating profit of 35.39 million US dollars.

According to BlockBeats, on December 11, a wallet marked as 'Banned' by USDT executed a significant transaction on the Wintermute platform. The wallet, identified by the address 0x34bd619fc8fce1771C05221b356cABfB511E115F, utilized an intermediary wallet to purchase 1,379 ETH. The total expenditure for this acquisition was approximately $5.1 million, resulting in an average purchase price of $3,700 per ETH. The transaction highlights ongoing activities involving wallets that have been flagged or restricted by major cryptocurrency entities. The intermediary wallet used for this transaction was identified as 0xe6Acc40578546d30d757a416121347fbc9eC5A12. This movement of funds through an intermediary suggests a strategy to circumvent restrictions or monitoring associated with the banned status of the original wallet. This development raises questions about the effectiveness of current monitoring and restriction mechanisms in the cryptocurrency space. It also underscores the challenges faced by platforms and regulators in tracking and managing transactions involving flagged wallets. The use of intermediary wallets to facilitate transactions for restricted accounts is a tactic that may require further scrutiny and regulatory attention to ensure compliance and security within the digital asset ecosystem.

XRP is today's top performer from the larger-cap alts. source: https://cryptopotato.com/xrp-jumps-6-daily-btc-eyes-98k-after-drop-to-94k-market-watch/

According to Onchain Lens, a wallet marked as Banned by USDT purchased 1,379 ETH on the Wintermute platform through an intermediary wallet, spending $5.1 million. The average purchase price of the wallet was $3,700. Disabled wallet: 0x34bd619fc8fce1771C05221b356cABfB511E115F Purchasing wallet: 0xe6Acc40578546d30d757a416121347fbc9eC5A12

The post Magic Eden ME Token Airdrop: A $700 Million Event Ends in Price Plunge appeared first on Coinpedia Fintech News The ME token airdrop from Magic Eden NFT marketplace, valued at approximately $700 million, created extreme excitement in the crypto industry yesterday. Minutes before the launch, ME saw its price spiking from $6.04 to a peak of $8.9. Some earned massive profits from the... source: https://coinpedia.org/news/magic-eden-me-token-airdrop-a-700-million-event-ends-in-price-plunge/

Ripple’s RLUSD stablecoin has received regulatory approval from the NYDFS, enabling its launch. The approval positions RLUSD to compete with major stablecoins like USDT and USDC, with Ripple planning partnerships and expansion into the DeFi space.

Taking the recent rapid rise of Ethena and HyperLiquid as examples, what secrets of their success do they have? And what profound insights can they bring to future projects?

The event also featured remarks from Alibaba and Ant Group founder Jack Ma, marking a rare public appearance.

在DeFi投资者准备迎接HYPE代币发行之际，是什么让Hyperliquid吸引了这么多人的目光？

加密行业在2024年赢得了很多里程碑时刻，这些风云人物正引领加密行业迎来更灿烂的未来。

Compared with Binance, how is Coinbase's listing frequency/coin selection style/coin listing effect different? What are the listing rules and network distribution?

Token economics, Pudgy Penguins, is about to go online. Take a look at Pudgy Penguins' token economics, issuance path and ecological vision. Golden Finance, what happens when the leading NFT project launches a token?

OpenAI has made its Canvas tool available to all ChatGPT users, including free-tier users, with new features for real-time collaboration and code execution. This update is part of the "12 Days of OpenAI" campaign, which also introduced new tools like the Sora video model and the ChatGPT Pro subscription.

Explore the “Kimchi Premium,” regional trading activity, and crypto market seasonality.