Cryptocurrency Fear and Greed Index Drops to 26, Market Still in "Fear" State

On December 4th, Nemil Dalal—former Vice President of Product at Coinbase—will join Y Combinator (YC) as a Visiting Partner, focusing on the crypto ecosystem. “YC had a transformative impact on me back in 2012,” Dalal said. “The valuable lessons I gained there laid the groundwork for building early-stage startup projects, which directly benefited my work incubating products like USDC, the Coinbase Developer Platform, and x402 later on. I’m thrilled to give back to the YC community that’s given me so much.” Dalal spent seven years at Coinbase, where he led the development of USDC, DeFi initiatives, and developer tools.

December 4 (Thursday) – Japan’s 30-year government bond yield hit a fresh record of 3.445% on Thursday morning, ahead of the Ministry of Finance’s ￥700 billion auction of bonds in that maturity range. Auction results are due in the afternoon. Sony Financial Group economist Takayuki Miyajima noted: “Speculation over a Bank of Japan (BOJ) rate hike and concerns about fiscal expansion are driving selling pressure. However, strong demand supported by the high yield is expected to deliver a stable outcome at the upcoming 30-year auction.” Japan’s government bond yields have been climbing, reflecting market bets on a BOJ rate hike in December and worries about the country’s worsening fiscal situation.

December 4th: Per Onchain Lens monitoring, a whale address deposited 1.18M USDC into HypeerLiquid and opened a 5x leveraged long position in HYPE, now looking to add to the position via additional orders. Another wallet linked to the same entity holds a 6x leveraged long position in HYPE, with an unrealized profit of $850k as of now.

On December 4, the GoPlus November Web3 Security Report noted that the Web3 ecosystem suffered $183.98 million in economic losses from major security incidents in November. Balancer lost $128 million to an exploit, while Upbit was hacked, resulting in $36.8 million in losses. Incident categories included smart contract vulnerabilities, social engineering attacks, phishing, fake projects, rug pulls, and more. Smart contract flaws drove $175.03 million in losses across 15 major incidents. Phishing attacks caused roughly $8 million in total losses, impacting some 7,000 victims.

On December 4, DeSci and AI asset issuance protocol OramaPad announced it will launch Floa — the second project in its Onboarding Community Market (OCM) — in partnership with ecosystem ally KingnetFun, a Web3 entertainment platform. The initiative is titled “On-Chain AI Agent Twin for Everyone: Train & Earn.” Floa aims to build an open, intelligent agent ecosystem, with a cross-platform intelligent entity as its core product. These entities are creatable, trainable, verifiable, and monetizable. Users can train their exclusive agent via daily interactive tasks (such as collaborative conversations or task execution) without needing coding skills or expertise. This enables them to handle various digital tasks — including asset management and scenario-based service integration — and earn ecosystem rewards. Floa positions itself as the “portable intelligent collaboration partner” for everyday users entering the age of intelligent entities.

On December 4th, the U.S. Securities and Exchange Commission (SEC) delayed—for the second time—the deadline for its highly anticipated short selling and related stock loan disclosure rule. Under the SEC’s guidance, large investment management firms (including hedge funds) now have until January 2, 2028, to comply with short selling reporting requirements. Disclosure obligations for stock loan transactions are pushed back to September 28, 2028. The SEC stated the temporary exemptions are “in the public interest and consistent with investor protection goals.” In October 2023, the agency rolled out new rules: eligible asset managers must report short positions monthly, while pension funds, banks, and institutional share-lenders must submit reports the next trading day. In August, the U.S. Fifth Circuit Court of Appeals ruled the SEC failed to properly assess the rule’s economic impact and ordered the agency to reevaluate. SEC’s sole Democratic commissioner Allison Herren Le