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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
  • 08:38
    21shares launches Ethena ETP and Morpho ETP
    ChainCatcher News, according to Globenewswire, 21shares has announced the launch of two new exchange-traded products: 21shares Ethena ETP (ticker: EENA) and 21shares Morpho ETP (ticker: MORPH). Both products are now listed on major European exchanges, including the Swiss Stock Exchange, Euronext Amsterdam, and Euronext Paris, and support trading in both USD and EUR. EENA provides investment exposure to the core token ENA of the Ethena protocol. MORPH offers direct investment exposure to the native token of the lending platform Morpho. Both products have a management fee of 2.5%. Mandy Chiu, Global Head of Product Development at 21shares, stated that these products reflect the company's ongoing commitment to providing institutional-grade investment channels for the most innovative areas of digital finance.
  • 08:38
    Ju.com completes third batch of 1 million JU token buyback and burn, with a total of 2 million tokens burned to date
    ChainCatcher news, Ju.com announced that it has completed the first phase, third batch of JU token buyback and burn plan, with 1 million JU burned this time, bringing the total amount burned to 2 million JU. According to the official announcement, this burn was completed at 15:10 on December 3, with all tokens sent to the JuChain burn address, and the on-chain records are publicly available. This burn is part of Ju.com's first $20 million buyback plan, with all funds coming from platform operating profits. Since the launch of this plan in September 2025, Ju.com has completed the burn of 2 million JU in three batches, executed on September 19, October 24, and December 3, respectively. Ju.com stated that it will continue to uphold the principles of openness, fairness, and sustainability, and firmly implement the long-term buyback mechanism. By reducing the circulating supply in the market, this mechanism aims to strengthen the deflationary logic of the JU platform token and directly return the platform's growth value to the community. The team emphasized that the buyback and burn plan returns value to users and the community, and JU will continue to gain real use cases and liquidity support.
  • 08:38
    YZi Labs announces the EASY Residency Season 2 team, covering Web3, AI, and biotechnology
    ChainCatcher reported that YZi Labs announced the full list of founders and companies for the second season of EASY Residency during a certain exchange's Blockchain Week. These teams will showcase their innovative projects at Demo Day. This season focuses on the intersection of Web3, AI, and biotechnology, demonstrating the potential for technological convergence over the next decade. Selected projects include 42.space, 4D Labs, AllScale, Advent, AgriDynamics, among others, covering areas such as prediction markets, 3D data, cross-border payments, gene therapy, agricultural robotics, and more.
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