Sahara Official Denies "Token's Sharp Drop Due to Liquidity Provider Liquidation"

December 2 (OECD) — The Organization for Economic Co-operation and Development (OECD) projects the U.S. Federal Reserve will gradually lower its key interest rate to a range of 3.25% to 3.5% by the end of 2026. The OECD upwardly revised its U.S. GDP growth forecasts: 2025 growth is now seen at 2% (up from 1.8%), while 2026 growth is lifted to 1.7% (from 1.5%). Additional key notes from the OECD: - U.S. tariff hikes will slow global economic growth in 2026. - U.S. fiscal policy is on an “unsustainable path.” - Further trade barrier increases would worsen the global slowdown. - An expanded AI investment boom could unlock upside potential for global growth. (IG)

December 2 – Russian Deputy Finance Minister Ivan Chebeskov told local media that financial authorities are ready to scrap a narrow regulatory definition. Previously, Russia only permitted a small group of “accredited investors” to access Bitcoin and its derivative cryptocurrencies. The Russian Central Bank now says it’s “possible” to ease current rules restricting crypto transactions with sanctioned jurisdictions, and the monetary authority is in talks with the Finance Ministry. Amid sanctions pressure, Russian financial regulators are shifting their stance on cryptocurrencies.

On December 2nd, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that an Ethereum ICO-era whale—originally holding 254,900 ETH—sold another 3,000 ETH this week (valued at $8.4 million), edging closer to a full sell-off. The OG whale has deposited a total of 23,000 ETH to exchanges over the past week. If those tokens are sold, the whale would lock in a $66.53 million profit, with an average cost basis as low as $0.31 per ETH. As of now, only 69.83 ETH remains on-chain—roughly $195,000 in value.

On December 2nd, MGBX officially launched the first phase of global KOL recruitment for its ECHO (Bring Your Brother) section. This phase offers 25 spots total, open to content creators and industry thought leaders. Focus areas include content creation, technical analysis, ecosystem promotion, and more. Selected KOLs will receive: - Platform traffic support - Ecosystem project airdrop quotas - Exclusive identity verification - Priority access to future ECHO ecosystem resources Registration is now open—applications can be submitted via the MGBX official website or the announcement link.

On Dec. 2, Polish President Karol Nawrocki vetoed the heavily regulated "Cryptocurrency Market Regulation Act" — a move that earned praise from the crypto community and sharp criticism from the Polish government. The Polish Presidential Palace stated the act’s provisions "pose a genuine threat to Poles’ freedom, property rights, and national stability." Key reasons for the veto include: - Risk of abuse from rules allowing authorities to easily block crypto websites; - Excessive complexity of the act leading to overregulation; - High regulatory costs that could stifle startup growth and favor foreign firms and banks. The president noted overregulation would drive businesses to relocate to the Czech Republic, Lithuania, or Malta instead of operating and paying taxes in Poland.

On December 2nd, on-chain analyst Ai Yi (@ai_9684xtpa) noted that a whale with short positions in 21 meme coins now holds an unrealized gain of $6.417 million. The whale address "0xa31...8aD1E" has stuck to a "short meme coins" strategy since June this year. Its profits spiked sharply after the October 11th flash crash, pushing total account profits above $78.86 million. Currently, among its 22 positions, only ENA is held long (and is in the red), while all 21 short positions are profitable.