Bitget Daily Briefing (December 4) | Solana Mobile will launch SKR token; Ethereum mainnet successfully activated Fusaka upgrade; US initial jobless claims will be announced today at 21:30

Today's Outlook

1. Parataxis agrees to acquire a controlling stake in South Korea's Sinsiway for $27 million and establish an Ethereum treasury.
2. The number of initial jobless claims in the U.S. for the week ending November 30 will be announced tonight at 21:30 (UTC+8), with an expectation of 225,000.
3. The U.S. SEC strengthens regulation on high-leverage ETFs and halts the launch of new 3x to 5x leveraged products.

Macro & Hot Topics

1. Jin10: U.S. November ADP employment change -32,000, expected 10,000, previous value 42,000.
2. The confirmation of CFTC and FDIC chair nominees nominated by Trump is progressing, which may reshape the crypto regulatory landscape.
3. Financial Times: Bond investors have expressed concerns to the U.S. Treasury about Kevin Hassett potentially being appointed as Fed Chair, fearing he would significantly cut interest rates to please Trump.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $400 million, with $292 million in short liquidations. BTC liquidation amounted to $145 million, while ETH liquidation was $137 million.
2. U.S. stocks: The Dow Jones rose by 0.86%, the S&P 500 increased by 0.3%, and the Nasdaq Composite gained 0.17%.
   
3. Bitget BTC/USDT liquidation map shows: The current price of 93,305 is in a dense area of long liquidations, with 50x--100x high-leverage long positions accumulating between $94,000--$96,000. If it stabilizes, it will trigger a long squeeze waterfall pushing up to 97k+; the short accumulation liquidation line below is flat, with only about 3M leverage units. A drop below 92k could quickly fall to 89k without strong support, and the market is extremely crowded, posing significant risks of false breakouts.
   
4. In the past 24 hours, BTC saw an inflow of $188 million and an outflow of $260 million, resulting in a net outflow of -$72 million.
   

News Updates

1. Lookonchain: OpenAI plans to compete with SpaceX and explore trading with the rocket company.
2. SEC Chair Paul Atkins stated in a live interview with Fox News that the Bitcoin market structure bill is coming soon. He also mentioned that the SEC needs to continue advancing tokenization.
3. The testing tool Antithesis used on the Ethereum network has completed a $105 million Series A financing round, led by Jane Street.

Project Progress

1. Whale address 0xdECF has transferred 5,000 ETH back to the exchange, leaving the whale with a current balance of 5,000 ETH.
2. Solana Mobile will launch the SKR token in January 2026, with 30% allocated for airdrops.
3. According to Solid Intel, Tom Lee has again purchased $150 million worth of Ethereum (ETH).
4. Vitalik: Ethereum's 2025 plan sets the single transaction gas limit at 16.77 million gas.
5. Near Protocol launches NEAR AI cloud services and private chat features.
6. The Ethereum mainnet successfully activated the Fusaka upgrade, introducing the PeerDAS mechanism, which increases Rollup data throughput to eight times the original, while optimizing user experience through the R1 curve and pre-confirmation mechanism, preparing for future increases in L1 gas limits and other scalability measures.
7. Franklin Templeton: The Franklin Solana ETF (code: SOEZ) is now live.
8. BlackRock's IBIT-linked options trading activity has surpassed Amazon, ranking in the top five.
9. Sony's blockchain partner Startale has launched the US dollar stablecoin USDSC on the Soneium network.
10. CoinDesk reports that Stable and Theo have anchored over $100 million in funds for the tokenized U.S. Treasury fund "ULTRA" supported by Libeara.
    **Disclaimer: This report is generated by AI, and human input is only for information verification, not for any investment advice.