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

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.

**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.

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.

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.

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

On December 2, the Japanese government launched its own version of the "Government Efficiency Department" (DOGE). At its inaugural meeting, officials laid out a plan to identify and eliminate inefficient tax measures and subsidies. Following the first DOGE meeting, Finance Minister Taro Aso told reporters on Tuesday: "By cutting waste through efforts from the public and all stakeholders, and redirecting funds to areas with true need, we will clearly distinguish ourselves from previous administrations. This is critical to maintaining trust in our country, currency, and markets." Aso also noted that after Bank of Japan (BOJ) Governor Haruhiko Kuroda expressed confidence in the economic outlook and hinted at a potential interest rate hike, he sees no discrepancy between the government and the BOJ in their economic assessments. Japan’s Minister of State for Economic Growth Strategy Minoru Kiuchi echoed these comments exactly, saying the response stemmed from cabinet coordination a