Bitget Daily Digest (Dec. 3) | Trump Strongly Hints at Hassett as Next Fed Chair; Elon Musk Predicts a $38.3T “Crisis” Could Trigger a BTC Price Surge

Today’s Outlook

1、USDC Treasury minted an additional 500 million USDC on Solana; earlier, Tether Treasury minted 1 billion USDT on the Tron network.

2、Following the end of the lock-up period, American Bitcoin Corp.—a crypto mining firm co-founded by Eric Trump—saw its stock plunge over 50% within 30 minutes.

3、CME launched a Bitcoin Volatility Index to quantify market uncertainty. The index is based on implied volatility from Bitcoin and Micro Bitcoin options, similar to the VIX in equities, aiming to improve options pricing and risk management.

 

Macro & Hot Topics

1、Trump strongly hinted that Kevin Hassett may become the next Federal Reserve Chair, stating during a White House meeting that “the potential Fed Chair is right here.”

2、Elon Musk predicts a $38.3 trillion “crisis” could spark a massive Bitcoin price rally.

3、The SEC Chair said the crypto innovation exemption will take effect in January next year.

 

Market Performance

1、In the past 24 hours, the crypto market saw $430 million in liquidations, including $360 million in short liquidations. BTC liquidations totaled $210 million, while ETH liquidations reached $92 million.

2、US Stocks: Dow +0.39%, S&P 500 +0.25%, Nasdaq Composite +0.59%.

3、Bitget BTC/USDT liquidation map shows dense clusters of high-leverage long positions (50–100x) between $89,000–$92,000 below the current price (~$92,930). A pullback could trigger cascading long liquidations. Short-side pressure is lighter above, with short leverage mainly clustered above $94,000, implying weaker resistance to an upside breakout.

4、Over the past 24 hours, BTC spot inflows reached $411 million, outflows totaled $291 million, resulting in net inflows of $120 million.

 

News Updates

1、SBF voiced support for Trump’s potential pardon of the former president of Honduras.

2、Pump.fun transferred another $75 million USDC to Kraken within the last two hours, bringing total transfers to $555 million.

3、MetaMask launched “Transaction Shield,” offering up to $10,000 per month in compensation.

 

Project Developments

1、U.S. Solana spot ETFs recorded a net inflow of $45.77 million in a single day.

2、Ethena received over 46.79 million ENA from Bybit; the source wallet was previously linked to Coinbase.

3、Aave DAO is considering scaling back multichain deployments, with plans to terminate instances on zkSync, Metis, and Soneium.

4、A whale accumulated nearly 3 million ASTER worth $3 million within 24 hours.

5、Astria Network, built on Celestia, has shut down its shared sequencer network, marking its official closure.

6、Strategy’s CEO said the company may consider lending out Bitcoin to improve financial flexibility.

7、Uniswap Labs is partnering with Europe’s Revolut; Uniswap’s web app and wallet now support crypto purchases via Revolut.

8、Solana-based financial firm Upexi completed a private placement of common shares and warrants worth up to $23 million.

9、Ethereum mainnet gas fees dropped to $0.02 yesterday, even lower than some L2 networks.

10、Grayscale Chainlink Trust ETF has listed as a new spot ETP on NYSE Arca.

Disclaimer: This report is generated by AI with human verification for accuracy. It does not constitute investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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