Alliance DAO Genesis: Still Believes Bitcoin is the Most Likely Asset to Replace Gold

December 2nd — Per Coinglass data, funding rates across major centralized (CEX) and decentralized (DEX) exchanges are signaling a shift toward a bearish crypto market. Specific funding rates for top coins are included in the attached image. BlockBeats Note: The funding rate is a mechanism set by crypto exchanges to align perpetual contract prices with underlying asset prices. It enables fund transfers between long and short traders—exchanges do not collect this fee. The rate adjusts traders’ holding costs/profits to narrow the gap between contract and spot prices. A 0.01% rate is the baseline: rates above 0.01% signal bullish sentiment; rates below 0.005% indicate bearish conditions.

On December 2, the French Bank of Law noted in its 2026 Outlook Report that the U.S. dollar could weaken immediately if the U.S. Supreme Court rules former President Trump’s use of emergency powers to impose broad tariffs unconstitutional. “This is because a key revenue stream will be hit, sparking market concerns about the sustainability of the U.S. fiscal deficit,” analysts said. This could lead investors to demand a higher premium for holding U.S. dollar assets. However, the report also noted the Trump administration may ultimately offset the fiscal gap from lost tariff revenue by implementing alternative tariff measures. (Source: Golden Finance)

On December 2nd, per official sources, the Cysic Foundation (a ZK hardware acceleration project) announced that its Cysic Airdrop Check Tool is now live, allowing users to check if they qualify for the airdrop. ### Notes on American English adaptation: 1. **Date format**: Retained "December 2nd" (common in U.S. casual/official contexts; "December 2" is also acceptable but the original uses "2nd"). 2. **Conciseness**: Replaced "according to official sources" with "per official sources" (more natural in U.S. news briefs). 3. **Flow**: Added parentheses to clarify the foundation’s focus (ZK hardware acceleration) for readability, and used "its" to avoid redundant repetition of the project name. 4. **Colloquialism**: Swapped "see if they are eligible" for "check if they qualify" (more conversational yet professional in U.S. media). 5. **Tone**: Kept the tight, direct structure typical of U.S. tech news alerts.

December 2 (Bloomberg) — Stocks rebounded as the global sell-off in risk assets eased, while Bitcoin halting its slide also supported the shift in market sentiment. S&P 500 futures climbed 0.3%, signaling a return to its uptrend after a Monday selloff interrupted the index’s best week since May. European and Asian equities advanced, and Nasdaq 100 futures gained 0.4%.

December 2 – The cryptocurrency market selloff is intensifying, with Bitcoin and other digital tokens seeing a broader downturn spanning all high-risk trade markets, per a *The Wall Street Journal* report. In recent months, unprofitable tech firms, speculative shell companies, and "meme" assets have fallen out of favor. Patrick Horsman, Chief Investment Officer at crypto asset manager BNB Plus, noted investors are cutting risk exposure as they grow more pessimistic about the market and economic outlook. “I think Bitcoin could fall all the way back to $60,000,” Horsman said. “We don’t think the pain is over yet.” Boom-and-bust volatility has defined the crypto industry since its early days. In past “crypto winters,” Bitcoin and other top digital assets shed up to 80% of their value before rebounding. Each prior cycle—including the 2022 downturn—was partly driven by investor fears of widespread fraud. The current selloff, which has calmed some and confused others, stands out

**Dec 2 (Bloomberg) — Federal Reserve officials are debating where to pause after cutting interest rates by more than one percentage point, with internal dissent now at its highest level on record.** Over the past year, policymakers have shown the biggest divergence since at least 2012 (when the Fed began publishing its rate projections) on where rates should ultimately land. That rift has spilled into an unusually public debate: whether to cut again at next week’s meeting, and what actions to take afterward.