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US Initial Jobless Claims Fall to Lowest Level in Over Three Years, Easing Concerns of Deteriorating Job Market

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December 4 U.S. initial jobless claims fell to a more than three-year low last week, with no signs of labor market deterioration. The U.S. Labor Department reported Thursday that for the week ended Nov. 29, seasonally adjusted initial state unemployment insurance claims dropped 27,000 to 191,000—hitting the lowest level since September 2022 and below the 220,000 market forecast. This reading covers the Thanksgiving holiday last Thursday, when claims data typically sees sharp fluctuations. Current claims levels match historical low layoff levels, easing fears of a sharp labor market downturn. Earlier Wednesday, the ADP Employment Report showed November private-sector employment posted its biggest drop in more than two and a half years. The highly anticipated November nonfarm payrolls report from the Bureau of Labor Statistics (BLS), originally set for Friday release, has been delayed by a record 43-day government shutdown and is now scheduled for Dec. 16. Economists say the labor market remains in a "no layoffs, no hiring" state.
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Digital Asset has raised $50 million in funding, with investments from BNY Mellon, Nasdaq, and others.

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.

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US Stock Market Open, NASDAQ Up 0.31%

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%.

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Ledger researchers have discovered a vulnerability in a certain Android chipset, putting mobile Web3 wallets at risk of physical attacks.

December 4th — Ledger has revealed a vulnerability in a widely used Android smartphone processor that could put Web3 wallet users at risk if an attacker gains physical access to the device. The flaw allows attackers to exploit hardware fault injection to bypass core security checks and take control of the chip. Notably, Ledger hardware wallets are unaffected by this discovery, which instead underscores the risks of relying solely on smartphone hot wallets to secure digital assets. Ledger’s team tested MediaTek’s Dimensity 7300 chip (manufactured by TSMC) to assess whether electromagnetic fault injection could disrupt the chip’s early boot process. Using open-source tools, they injected timed electromagnetic pulses to interfere with the chip’s boot ROM, extract runtime information, and map the attack path. Subsequently, the team bypassed the chip’s write command filtering mechanisms, overwrote the return address on the boot ROM stack, and executed arbitrary code at EL3 (the pro

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Analyst: CEX Bitcoin Balance Hits New Low Since 2017, Accumulation Trend Continues

On December 4, The Block reported that BRN Research analysts noted Bitcoin’s fundamental structure is steadily improving, despite limited spot momentum. BRN Research Director Timothy Misir pointed to CryptoQuant and Glassnode data showing exchange-held Bitcoin balances have fallen to ~1.8 million BTC — the lowest level since 2017. Bitcoin’s realized market cap has also continued to post positive monthly growth, signaling new funds are still flowing into BTC even as the broader market trades in a tight range. “Market started on a stable note, accumulation buying remains ongoing, exchange supply is shrinking, and prices are holding above fair market value,” Misir said. “Right now, what’s missing is a breakout above the $96k–$106k range.”

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META Pre-market Surges Over 6% After Previously Announcing Plan to Cut Its Metaverse Budget by Up to 30%

On December 4th, Meta Platforms (META.O) surged more than 6% in premarket trading after CEO Mark Zuckerberg announced plans to slash Metaverse spending by as much as 30%.

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Portal to Bitcoin Completes $25M Funding Round, Led by JTSA Global

On December 4, per Cointelegraph, Portal to Bitcoin—a Bitcoin-native interoperability protocol—announced it has completed a $25 million funding round led by JTSA Global. Previously, investors including Coinbase Ventures, OKX Ventures and Arrington Capital have backed the firm. Additionally, the company launched its Atomic OTC trading platform, which promises "instant, trustless cross-chain settlement for OTC trades."

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