BlackRock CEO Admits Previous Opposition to Bitcoin and Cryptocurrency Was 'Wrong'
On December 4th, BlackRock CEO Larry Fink admitted at the New York Times DealBook Summit that he was “wrong” about his past opposition to Bitcoin and cryptocurrencies.
When the host asked, “You once called crypto a ‘money laundering and thieves’ haven’ back in 2017—but now BlackRock holds the largest Bitcoin spot ETF. What changed?” Fink responded:
“I have strong views, but that doesn’t mean I can’t be wrong. Through constant self-reflection and meeting with thousands of clients and government officials every year, my thinking has evolved, and my stance has shifted dramatically. Today, BlackRock is actively embracing Bitcoin.”
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HumidiFi ICO JUP Staker Pool to Public Sale Pool Ratio Increased to 3%
On December 4th, Jupiter updated the ICO details for dark pool DEX HumidiFi again, increasing the token allocation for both the JUP staking round and public sale from 2% to 3%.
Previously, the first-round sale (Wetlist) of HumidiFi’s WET token was postponed from 3:00 PM UTC on December 3rd to 9:00 PM UTC (5:00 AM Beijing time on December 4th). The Wetlist allocation was also adjusted from 6% to 4%.
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Crypto Market Sees Bullish Trend Rebound, ETF Inflows Reach $1.1 Billion to Hit 7-Week High
On December 4, KobeissiLetter published a market analysis noting that cryptocurrency ETFs are making a comeback.
Last week, crypto funds recorded a $1.1 billion inflow—hitting a 7-week high and reversing a prior trend of four straight weeks of outflows totaling $4.7 billion. U.S. crypto ETFs led with $994 million in inflows, followed by Canada ($98 million) and Switzerland ($24 million), while Germany posted a $57 million outflow.
Bitcoin topped inflows with $461 million in net inflows, and ETH followed with $308 million in net inflows. Meanwhile, investors pulled $1.9 billion from Bitcoin short ETPs. Cryptocurrencies are regaining upward momentum.
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Wall Street is making a last-ditch effort to prevent Trump from appointing Hassett as Federal Reserve Chair
**December 4th**
Wall Street and U.S. corporate insiders are making a last-ditch push to warn President Trump against tapping Kevin Hassett as Federal Reserve chair, Fox Business reporter Charles Gasparino reported.
Their core concern: Hassett’s past role leading the U.S. National Economic Council (a political post) and track record mean he lacks credibility with Fed staff and markets — a critical issue as the central bank prioritizes independence. Appointing him would send long-term interest rates higher and throw the Fed into turmoil, they argue.
If Hassett casts a dissenting vote to cut short-term rates amid persistent inflationary pressures (a move Trump wants), it would be viewed as political interference and could stoke inflation. Mortgage and consumer loan rates are tied to 10-year Treasury yields; a spike in those yields over inflation fears could spark an economic slowdown ahead of the midterm elections.
Trump could brush off those concerns and act unilaterally. Oth
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A high-ranking ETH whale added to their position, averaging down their cost basis by purchasing an additional 2732 ETH.
On-chain analyst Ai Auntie (@ai_9684xtpa) reported on December 3 that a whale has been lowering its ETH cost basis.
The whale initially opened a position of 736 ETH (valued at ~$2.96 million) at an average price of $4,026 on September 25. To reduce its average entry cost, it purchased an additional 2,732 ETH between December 2 and 3 at ~$2,988 each, investing an extra ~$8.16 million.
In total, the whale has committed ~$11.128 million to acquire 3,468 ETH, with an average cost of $3,208.80 per token. It currently holds an unrealized loss of ~$420,000.
1 hours ago
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