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「Fed Whisperer」: Federal Reserve Chair nominee will meet with Trump this week, nomination may be announced before Christmas

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On December 2nd, "Fed Whisperer" Nick Timiraos published a column on Donald Trump’s nomination of the new Federal Reserve Chair. The piece notes the final candidate for the role has met with Jerome Powell. Sources say the candidate will meet with Treasury Secretary Steven Mnuchin and other White House staff this week, prior to meeting Trump. Powell has indicated Trump may announce the nominee before Christmas. While Trump has stated he has made a decision—with all signs pointing to Kevin Hassett as his top pick—those tracking the process note he could still change his mind. Sources add that last week Trump discussed the next Fed Chair with allies, urging them to outline reasons for supporting either Hassett or Kevin Warsh. A source revealed someone told Trump Warsh does not have as close a professional relationship with the president as Hassett does. The person also pointed out that if Trump chooses Hassett, he will lose Hassett’s seat on the National Economic Council (NEC).
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「Whale」 Continuously Added to ETH Long Position for Nearly 2 Hours, Increasing Holdings to $8.8 Million

On December 2nd, per Hyperinsight data, the entity nicknamed "Big Brother" has been ramping up its ETH long positions for nearly two hours. As of press time, its 25x leveraged ETH long position totals $8.8 million, holding 3,138.88 ETH with a liquidation price of $2,721. During last night’s market drop, "Big Brother" was hit with another long position liquidation. Following that, it added an extra $250k to its Hyperliquid account and resumed increasing its ETH long positions.

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Coinbase to Include HBAR, MANTLE in COIN50 Index for Q4

**Coinbase Institutional Adds Six Assets to COIN50 Index in Q4** On December 2, Coinbase Institutional announced it has added six digital assets to the Coinbase 50 Index (COIN50) for the fourth quarter (Q4). The new additions are: Hedera (HBAR), Mantle (MANTLE), VeChain (VET), Flare (FLR), Sei (SEI), and Immutable (IMX). COIN50 is a benchmark index tracking the performance of the top 50 digital assets listed on Coinbase that meet specific eligibility criteria.

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Solana Ecosystem's OG Meme Coin Sees Strong Rebound Today, ZEREBRO Surges Over 35%

On December 2nd, market data from GMGN (via https://t.me/gmgnaibot?start=i_m4TE56o8) shows a notable rebound among older meme coins in the Solana ecosystem, including: - **ZEREBRO**: Up over 35% in a single day, with a 24-hour trading volume of $37.1 million; - **JELLYJELLY**: Up over 25% in a single day, with a 24-hour trading volume of $69.95 million; - **FARTCOIN**: Up over 16% in a single day, with a 24-hour trading volume of $2.67 billion. BlockBeats advises users that meme coin prices are highly volatile, and investors should exercise caution.

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Tom Lee's Fund Analyst: Crypto Has Entered a Two-Month "High Risk-Reward" Window

On December 2, it was reported that Mark Newton—a fund analyst under Tom Lee—said on November 25 he’s buying cryptocurrency now and seizing the dip-buying opportunity. He noted that crypto prices should climb from now through mid-January, or even early February. Despite short-term market swings, he views the next two months as a high-risk, high-reward opportunity. Tom Lee retweeted a related post about Newton’s comments. Notably, while Newton previously made accurate calls on Ethereum’s trend, his bullish take on ETH has conflicted with actual market performance multiple times since September.

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Rayls Airdrop Claiming is Now Live

December 2 — Rayls announced in a post on X that its token RLS airdrop claims are now live. Earlier, RLS was listed on Binance Alpha and Coinbase.

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Cango 2025Q3 Financial Report: One Year Anniversary of Mining Enterprise Transformation, Revenue Up by 60.6% QoQ, Venturing into AI Computing Power.

December 2, 2025 — Cango today released its third-quarter 2025 results, reporting total revenue of $225 million (a 60.6% quarter-over-quarter increase), operating profit of $43.5 million, and net profit of $37.32 million. The figures mark a significant year-over-year shift from losses to profitability. As a strategic transformation milestone marking its one-year anniversary as a Bitcoin mining company, Cango’s global deployed hash rate has reached 50 EH/s, propelling it into the industry’s top ranks. In Q3, the firm mined 1,930.8 Bitcoins (a 37.5% quarter-over-quarter rise) — averaging 21 Bitcoins daily — with a full cost per Bitcoin of $99,383. Through equipment upgrades (including the T21/S21 series) and the acquisition of a 50-megawatt mining facility in Georgia, its hash rate efficiency has exceeded 90%, while operational hash rate rose to 46.09 EH/s in October. For AI computing power, Cango’s long-term vision centers on a “green energy-powered global distributed AI computing

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