The probability of a 25 basis point interest rate cut by the Federal Reserve in December is 87.6%.

**December 2 Update** South Korean crypto exchanges Bithumb and Upbit announced the same day they will list Grostlcoin (GRS) as a "Trade Caution" project and suspend deposits simultaneously. DAXA, the self-regulatory body for Korean exchanges, noted in its review that the GRS project team failed to disclose sufficient key information impacting the token’s value. The project’s actual progress also showed multiple non-compliant issues, posing a potential risk of harm to investors.

On December 2nd, HumidiFi—a darkpool automated market maker (AMM) protocol—announced the tokenomics for its native WET token. Total WET supply is set at 1 billion, with the following allocation breakdown: - 10% to the ICO: Fully unlocked at the token generation event (TGE); - 40% to the foundation: 8% unlocked at TGE, remaining unlocked linearly over 24 months; - 25% to the ecosystem: 5% unlocked at TGE, remaining unlocked linearly over 24 months; - 25% to the lab: Fully locked at TGE, remaining unlocked linearly over 24 months. Additionally, eligible participants in the Jupiter DTF platform presale are categorized as follows: - Wetlist (6%): Includes HumidiFi users, active project contributors, and members of the HumidiFi Discord community; - Jupiter Stakers (2%); - Public Presale (2%).

On December 2nd, per monitoring from HyperInsight (via their Telegram channel at https://t.me/HyperInsight), the crypto market has seen notable volatility recently—with several prominent whales on Hyperliquid reporting varying losses. Details below: **“Sidekick” Calvin** Over the past 9 hours, Calvin deposited $250,000 into Hyperliquid and continued adding to his ETH long position. His current position size is $7.7 million, with an unrealized loss of $120,000. Yesterday, his long positions were liquidated multiple times—totaling a $1.25 million loss that briefly dropped his account balance to $110,000. **“CZ Whale Counterparty”** Unrealized losses have grown overall. The whale’s ETH long position has an unrealized loss of $21.22 million (-217%), with an average entry price of $3,201 and a position size of ~$146 million. They also hold an XRP long position (~$78.46 million size, $2.29 average entry) with an unrealized loss of $10.49 million (-134%). Currently, this whale is th

On December 2, the yield on 30-year Japanese government bonds (JGBs) hit a record high, driven by persistent high inflation and rising market expectations that the Bank of Japan (BOJ) will hike interest rates later this month. Currently, it has increased 1.5 basis points to 3.405%. Bank of Japan Governor Haruhiko Kuroda stated Monday that the central bank will thoroughly discuss the possibility of a rate hike at its upcoming meeting, further lifting near-term rate hike expectations. The 10-year JGB yield held steady at 1.875%.

As of December 2nd, the probability that Bitcoin will drop below $80,000 in December on Polymarket has risen to 55%. The odds of it falling below $70,000 currently stand at 15%, while the chance of it surpassing $100,000 is 28%.

On December 2nd, Whale Alert reported that a Bitcoin address holding 50 BTC (roughly $4.32 million) has just been activated after 15.7 years of dormancy.