After the U.S. initial jobless claims data release, the probability of a 25 basis points rate cut by the Federal Reserve in December is 89.2%.

On December 4, Cointelegraph reported that the official website of meme coin PEPE was targeted in an attack and is currently redirecting users to a malicious link. Cybersecurity firm Blockaid noted: "Our system has detected a frontend attack on PEPE's official website, which contains the malicious Inferno Drainer code." Inferno Drainer is a suite of scam tools used by threat actors, including phishing site templates, wallet stealers, and social engineering tools.

On December 4, per HTX market data, Bitcoin fell below $92,000, posting a 0.75% decline over the past 24 hours.

On December 4, U.S.-listed Lion Group Holding Ltd. (Nasdaq: LGHL) announced an amendment to its securities purchase agreement to raise $9.984 million via convertible bond financing. The company will allocate $8 million of the net proceeds to purchasing Bitcoin (BTC) for its corporate treasury reserve.

December 4 – Perp DEX Lighter announced the launch of spot trading on its platform, with users now able to deposit, withdraw and transfer ETH on its Ethereum Layer 2 (L2) network. Later this week, spot trading will officially go live, and additional trading pairs will be rolled out.

On December 4, Digital Asset—the developer behind the financial blockchain network Canton Network—closed a $50 million funding round, with participation from BNY Mellon, Nasdaq, S&P Global, and iCapital. This latest round comes on the heels of the company’s $135 million funding earlier this year, which was led by DRW Venture Capital and Tradeweb Markets, with market makers including Citadel Securities, IMC, and Optiver also joining. Canton Network is designed to facilitate financial transactions, letting users control which information remains confidential, and is emerging as a robust choice for asset tokenization. Asset tokenization refers to the process of issuing and transferring traditional assets—like stocks and bonds—via blockchain technology.

U.S. stocks opened higher on December 4, with the Dow Jones Industrial Average up 0.11%, the S&P 500 gaining 0.21% and the Nasdaq Composite rising 0.31%. Meta Platforms (META.O) jumped more than 5% to hit a one-month-plus high, as CEO Mark Zuckerberg plans to slash the company’s Metaverse budget by up to 30%.