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Trump Billionaire Supporter Andy Beal's Monet Bank Ventures into Crypto Lending Arena

41 minutes ago

On December 6, The Information reported that Monet Bank—a Texas community bank owned by a billionaire political supporter of former U.S. President Donald Trump—has entered the cryptocurrency lending space, billing itself as a "digital asset-focused infrastructure bank." Founded in 1988 as Beal Savings Bank, the institution is led by Andy Beal, founder of Beal Financial Corp. Beal is known for his poker skills and was a major backer of Trump’s successful 2016 presidential campaign, having contributed to his political action committee (PAC). Per its website, Monet Bank aims to become a leading digital asset financial institution, offering innovative solutions for the digital economy. State records show its assets are under $6 billion, with capital just over $1 billion—placing it among very small community banks in size.
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Yield Basis has activated the Fee Switch, and eligible users are now able to share a portion of the 17 BTC revenue accumulated by the protocol since September.

Thursday, December 6 — Yield Basis, the protocol from Curve Finance founder Michael Egorov, activated its fee switch Thursday, becoming the latest cryptocurrency project to direct revenue to its token holders. Some Yield Basis users have four weeks to claim over 17 bitcoins (valued at nearly $1.6 million as of Friday) that have accumulated since the protocol launched in September. The fee switch proposal was unanimously approved by Yield Basis token holders on Wednesday.

4 minutes ago

Jupiter: The HumidiFi (WET) public sale will restart on December 8, with additional anti-bot measures.

On December 6, Jupiter announced via social media that its WET public sale will resume **Monday, December 8 at 10 a.m. Eastern Time (11 p.m. Beijing Time)**. The project will partner with the HumidiFi team to enhance anti-bot measures. Noting that currently deployed WET tokens are locked in a completed presale treasury and cannot be retrieved, the team will mint new tokens to support the public sale reboot.

4 minutes ago

CEX Whale Ratio Surges Dramatically, Inflow of BTC to Binance Nears Yearly Peak, Whales Engage in Safe-Haven and Profit-Taking Moves After Price Recovery

On December 6, Cointelegraph reported that the exchange whale ratio has recently surged, with the overall ratio across all exchanges now at 0.47—suggesting large Bitcoin holders are increasingly moving their holdings to exchanges. This trend is especially pronounced on Binance, where the 14-day exponential moving average (EMA) has climbed to 0.427—its highest level since April. Whale deposits typically signal a sell-off phase, as large institutions often leverage Binance’s liquidity to offload holdings en masse. With Bitcoin struggling to break above the $93,000 resistance level, this shift points to intensifying selling pressure. If the trend persists, the price will likely consolidate before attempting another breakout or retesting key support levels. On-chain data shows that as of November 28, the 30-day simple moving average (SMA) of BTC inflows to Binance hit 8,915 coins—near the annual peak of 9,031 coins recorded on March 3. Historical data indicates similar inflow peak

4 minutes ago

A dormant whale address, inactive for 14 years, has transferred 1000 BTC to a new address, with a per-coin cost basis of only $3.88.

On December 6, per LookOnChain monitoring data, a whale address starting with 1Au1uZ reactivated after 14 years of inactivity. Four hours prior, the address transferred 1,000 bitcoins—valued at roughly $89 million—to a new wallet. The whale originally received the 1,000 BTC 14 years ago, when Bitcoin traded at just $3.88 per coin, making the holding worth only $3,883 at the time.

4 minutes ago

Crypto Fear & Greed Index Drops to 23, Market Returns to "Extreme Fear" State

**Crypto Fear & Greed Index Hits 23 on Dec 6, Back to Extreme Fear (Yesterday: 28) – Per Alternative Data** The index, which tracks market sentiment on a 0-100 scale, includes these metrics: - Volatility (25%) - Market Volume (25%) - Social Media Hype (15%) - Market Surveys (15%) - Bitcoin Dominance (10%) - Google Trends Analysis (10%) (Note: "Extreme fear" signals the market is in a low-sentiment phase.) ### Key adjustments for U.S. English/快讯风格: 1. **简洁性**: Used "per" (instead of "according to") for brevity; "hits/drops" (instead of "is") to highlight change. 2. **Clarity**: Split metrics into bullet points (easier to scan, common in U.S. financial快讯). 3. **Natural phrasing**: "Back to Extreme Fear territory" (adjusted to "Back to Extreme Fear" for brevity, with a subtle note on sentiment context if needed). 4. **Flow**: Led with the most critical info (date → index value → change → state) to match U.S. news consumption habits. All info is accurate to t

4 minutes ago

Coinbase Listing Roadmap Update: IMU and SENT

Coinbase is set to add ImmuneFi (IMU) and Sentient (SENT) to its listing roadmap on December 6, per official sources.

4 minutes ago