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Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.
Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.

On December 1, the crypto market plunged, with bitcoin dropping over 5% in a single day. The trigger was a rumor about Federal Reserve Chairman Powell's resignation, but the underlying reason was concerns that the Bank of Japan may end its zero interest rate policy, sparking global deleveraging. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit·2025/12/01 21:33
Flash
  • 03:31
    Trump-backed Republican narrowly wins in Tennessee, raising concerns for midterm election prospects
    ChainCatcher News, Republicans avoided an upset loss in the U.S. House election held Tuesday in Tennessee, bringing relief to Trump and his congressional allies. According to projections by the Associated Press, NBC News, and election analysis site Decision Desk HQ, Trump-backed Republican candidate Matt Van Epps is expected to win. Trump praised the Republican victory in a social media post, and Epps also declared victory. However, despite the win, voters in a district where Trump won overwhelmingly just a year ago are gradually distancing themselves from the Republican Party. This is the latest data point indicating a worrying outlook for Republicans in next year's midterm elections. In a series of elections this year, Democrats have outperformed their voting advantage in the 2024 presidential election. Just a few weeks ago, the party achieved political victories and swept the ballots in New York City, New Jersey, and Virginia, and also won a redistricting referendum in California aimed at weakening the Republican advantage in Congress.
  • 03:31
    Data: The US HBAR spot ETF saw a single-day net inflow of $1.78 million, while the DOGE spot ETF saw a single-day net inflow of $510,000.
    ChainCatcher News, according to SoSoValue data, on December 2nd Eastern Time, Canary HBAR spot ETF HBR had a single-day net inflow of 1.78 million US dollars. As of press time, the total net asset value of the Canary HBAR ETF is 66.47 million US dollars, and the HBAR net asset ratio (market value as a proportion of HBAR's total market value) has reached 1.08%. Canary LTC spot ETF LTCC had no net inflow. As of press time, the total net asset value of the Canary LTC ETF is 7.49 million US dollars, and the LTC net asset ratio (market value as a proportion of LTC's total market value) has reached 0.12%. Grayscale DOGE spot ETF GDOG had a single-day net inflow of 510,000 US dollars; Bitwise DOGE spot ETF BWOW had no net inflow. As of press time, the total net asset value of the DOGE spot ETF is 6.58 million US dollars, and the DOGE net asset ratio (market value as a proportion of DOGE's total market value) has reached 0.03%.
  • 03:31
    AZTEC token public sale is now live, with subscription amount exceeding 15,900 ETH.
    According to ChainCatcher, the official announcement states that the AZTEC token public sale has started, with the current subscription amount exceeding 15,900 ETH. The public sale will continue until December 6. This public sale adopts the CCA (Continuous Clearing Auctions) mechanism, jointly proposed by Uniswap and Aztec. The reserve price for this public sale corresponds to 98,493 ETH (approximately 280 millions USD FDV, based on the current ETH price), and the total amount for sale accounts for 14.95% of the total token supply. The public sale features market-driven pricing and is fully verifiable on-chain, ensuring a high level of transparency.
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