U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

Binance Research’s latest report notes that while institutional capital has flooded the crypto market, it is flowing primarily into passive beta products such as ETFs, with the active management segment lagging behind. The core reason is not a lack of talent or returns, but the absence of a "discovery and validation" intermediary layer connecting capital and managers. Currently, funding for crypto active strategies remains heavily reliant on personal networks and conferences, with a lack of standardized performance verification and benchmark systems. Surveys show 80% of asset allocators prioritize asset safety over historical returns; verified trading platform data significantly strengthens due diligence, while managers cite hard-to-verify performance and lengthy compliance reviews as the biggest barriers to fundraising. Capital Connect data reveals extreme polarization in capital allocation: directional strategies account for 44.3% of total funds but hold only 6.7% of capital. Conversely, market-neutral, statistical arbitrage, and traditional multi-strategy funds, though making up less than half of total funds, have attracted 92.1% of capital. The average institutional investment size in neutral strategies is roughly 11 times that of directional strategies. In October, BTC fell 7.2%, but directional funds posted an average +1.9% positive return, while neutral strategies gained +1.0%, confirming active strategies’ resilience amid downturn pressure. Binance Research concludes that institutional preferences and the introduction of traditional structures are driving the crypto market toward maturity, yet allocators remain highly selective. Only a robust validation system and operational infrastructure can truly unlock inflows of active management capital.

Beating AI News Flash: Anthropic has upgraded Claude, which now lets users open full editors of third-party tools like Notion and Confluence directly alongside the chat window. Users can edit content themselves, or instruct Claude to modify the active document directly, with results visible in real time. MCP (Model Context Protocol) originally allowed AI to read and modify data from third-party tools via APIs. In January 2026, MCP Apps was officially launched, further enabling third-party tools to embed interactive interfaces such as charts, forms, and task panels into AI chat windows. Claude supported this feature at launch, but only displayed simplified operation interfaces. The latest update now lets Claude display full websites and directly interact with the user’s active pages. App Tools, a core component of the update, allow web pages to expose their own operation functions to AI. For example, AI can read the active document and modify content via the web page’s provided APIs, with results directly appearing in the user’s current editor, eliminating the need for copy-pasting. This capability is built on the open MCP Apps extension, not a proprietary protocol exclusive to Claude. Tools including ChatGPT and VS Code already supported MCP Apps previously, and can now integrate these new capabilities.

Yield vault protocol Hyperwave announced in a statement that, due to rising operational costs and regulatory uncertainty, the project has decided to gradually cease operations. The protocol will officially shut down on December 16, and users are advised to withdraw funds before that date to facilitate faster withdrawals. After shutdown, any remaining net asset value (NAV) will be returned to wallets holding vault tokens. All vaults, including GWAVE, have now been set to withdrawal-only mode, allowing users to unstake at any time. Vaults will continue generating yields while converting funds into underlying assets to prepare for user withdrawals. Additionally, 100% of all revenue generated before the protocol’s shutdown will be used to repurchase and burn HWAVE. The project team reminds users to stay vigilant against phishing links that may emerge during the shutdown period. For questions about the shutdown arrangements, users can contact the official support team via Discord or in-app channels.

Citi raises Coreweave (CRWV.O) price target from $128 to $149.

According to EmberCN's monitoring, as ZEC's price plummeted today and dropped below $1,000, two addresses of asset management and hedge fund Abraxas Capital holding ZEC short positions on Hyperliquid have generated an unrealized profit of $34.98 million from their ZEC positions alone. Currently, the total unrealized profit from all open positions of these two addresses stands at $118 million.

Aethir announced that its previously proposed tokenomics update has officially taken effect, with the highly anticipated ATH burn dashboard and first batch of daily burns launching simultaneously. According to the official, under the new mechanism, ATH burn funding comes entirely from network fees paid by customers when reserving computing power; fixed platform fees have been scrapped, replaced by variable network fees that adjust with market conditions. The exact amount of each burn is automatically calculated via a public formula that combines the network revenue of the past 730 hours and the 30-day time-weighted average price of ATH, ensuring the burn scale aligns closely with actual network activity. The mechanism has already generated preliminary data: cumulative burns total 4,364,413 ATH, with 629,516 burned in the past 24 hours, and weekly burns offset 18.48% of total token issuance. To ensure full transparency, all burns are executed on the Arbitrum network and sent to a public burn address; anyone can verify every transaction record via the dashboard or a blockchain explorer. Additionally, the new mechanism sets a hard cap to ensure variable network fees never exceed the value of cloud host rewards. This means that while protecting cloud host operators’ revenue, ATH’s maximum supply will always remain at 42 billion tokens. As more computing power nodes go online in the future, all relevant revenue will be included in this public, daily-auditable burn mechanism.