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The cryptocurrency market experienced a sharp decline on December 1, with bitcoin falling below $87,000 and ethereum losing the $2,900 mark. The total liquidation of contracts across the market reached $528 million. Market sentiment has turned cold, leverage is retreating, and increased uncertainty in Federal Reserve policies has intensified the sell-off. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still in the process of iterative improvement.
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- 01:29glassnode: Spot Ethereum ETF inflows show initial signs of recovery, year-end demand may be improvingJinse Finance reported that glassnode published an analysis stating that after several consecutive weeks of steady net outflows, spot Ethereum ETFs have finally shown initial signs of recovery. A small amount of capital has started to flow back in, indicating that redemption pressure is easing. If this trend continues and turns into net inflows, it will suggest that year-end demand is improving.
- 01:15Hex Trust will issue and custody wXRP to expand its DeFi applicability across multiple blockchainsJinse Finance reported that Hex Trust plans to issue and custody wXRP, a token pegged 1:1 to XRP, aiming to expand the asset’s use in decentralized finance (DeFi) and cross-chain application scenarios. As a regulated institutional custodian, the company stated that this move will break the limitation of XRP only circulating within the XRP Ledger; on public chains such as Ethereum, where Ripple’s stablecoin RLUSD has already launched, wXRP can be paired with RLUSD to provide liquidity to the market. Hex Trust pointed out that authorized merchants can mint and redeem wXRP in a secure, automated, and fully compliant environment. The company emphasized that wXRP is fully backed by native XRP held in its compliant custody, supporting full redemption; at the same time, users can also access yield opportunities through partnered DeFi platforms. The total value locked (TVL) of wXRP at launch will exceed 100 millions USD. Hex Trust stated that this scale will provide a solid initial liquidity foundation for the token, ensuring smooth trading and price stability.
- 01:15A new address has accumulated 1,900 bitcoins from OTC platforms over the past three days, worth approximately $176 million.According to a report by Jinse Finance, Onchain Lens monitoring shows that a newly created wallet address received 700 bitcoin from Galaxy Digital, valued at $64.8 million. Currently, this wallet holds a total of 1,900 bitcoin, with a total value of approximately $176 million. These holdings have been gradually acquired from OTC platforms since December 9.