Uniswap Founder Accuses Citadel of Trying to Weaponize the SEC Against DeFi Developers

As of December 4th, Coinglass data indicates: If Bitcoin **breaks above $95,000**, total short liquidation pressure across major centralized exchanges (CEXs) will hit $1.051 billion. Conversely, a **drop below $91,000** would trigger $1.368 billion in total long liquidation pressure on those same major CEXs. BlockBeats Note: Liquidation charts do not show the exact number or value of contracts pending liquidation. Instead, their bars reflect how significant each liquidation cluster is relative to nearby clusters—i.e., the intensity of potential price impact when the underlying asset hits that level. A taller bar signals a more pronounced price reaction due to a liquidity cascade at that price point.

On December 4, Whale Alert data shows Circle completed two split transactions on the Solana network in the past five minutes, minting a total of 5 billion USDC.

December 4: Cryptocurrency market research firm Delphi Digital took to social media to note that the Federal Reserve’s interest rate path for next year is the clearest it’s been in years. A 25-basis-point rate cut is anticipated in December 2025, bringing the federal funds rate to roughly 3.5%-3.75%. The forward curve points to at least three additional rate cuts in 2026, with rates expected to fall to around 3% by year-end. But rate cuts are only part of the picture. Quantitative tightening (QT) wrapped up on December 1. The Treasury General Account (TGA) is set to draw down gradually instead of being replenished, and overnight reverse repo (RRP) facilities have been fully drained. Together, these factors have created the first liquidity-positive environment since early 2022. The Secured Overnight Financing Rate (SOFR) and federal funds rate have fallen to the upper end of the 3% range. Real interest rates have also declined from their 2023-2024 peaks—but this has been a control

December 4th — Per Coinbob's Hot Address Monitoring (https://t.me/Coinbob_track_CN), crypto trader Paul Wei adjusted his BTC long position entry today. He raised his long entry level from $83,500 to $91,100, allocating 75% of his funds to the long position. His short target range is set at $94,400 to $99,000 (15% of funds), with 10% of capital reserved. Currently, he holds a 2x-leveraged BTC long position worth ~$1,580, with an average entry price of $90,300. Background: From May 1, 2020, the trader grew his BTC holdings from 1.8 BTC to over 80 BTC in two years. Since November 16, he has traded publicly on Hyperliquid with an initial capital of ~1 BTC, posting a profit of ~$3,300 to date.

**Crypto Market Update: Bitcoin Rebounds Above $94k, But Funding Rates Signal Bearish Sentiment** (Dec 4) — Per data from Coinglass, Bitcoin has driven a quick rebound in the crypto market, briefly topping $94,000 in recent days. However, funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges suggest the market remains bearish. Funding rates for key coins are shown in the attached chart. *BlockBeats Note:* Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts the cost or profit of position holders to narrow gaps between contract and spot prices. - A 0.01% rate is the benchmark. - Rates above 0.01% signal a bullish market. - Rates below 0.005% indicate a bearish trend.

On December 4, market data shows the price of USDT against the Chinese yuan on Binance has fallen below 7, currently trading at 6.99. Meanwhile, the price of USDC against the Chinese yuan is now just 6.96. Previously, BlockBeats reported that the People's Bank of China (PBOC) and over a dozen other departments held a coordination meeting on cracking down on virtual currency trading speculation on November 28 — referred to here as the "1128 Meeting." Lawyer Xiao Sa noted that overall, the 1128 Meeting reaffirms prior positions, and the actual target this time is illegal foreign exchange activities involving stablecoins, which severely disrupt financial order.