According to Murphy, an on-chain data analyst at Odaily Planet Daily, "Last night's rally was strong enough that the 4-hour chart has deviated significantly from today's indicator's standard line of $89,923. Therefore, it's not advisable to chase the rally from here today, especially since the price has now reached the fourth expected price level, making further strong upward movement difficult tonight. However, as long as it doesn't fall below $89,923, there's still room to look for opportunities tomorrow. The daily chart is currently still below the bearish trend line, but it's very close to the trend line at $93,958. In other words, if the daily chart closes above this price, the indicator will turn from red to green (bullish trend line), and a daily-level rebound can be expected, with expected prices at $95,604 and $99,108."

Odaily Planet Daily reports that 21shares, a cryptocurrency exchange-traded product (ETP) issuer, has announced the launch of two new ETP products: 21shares Ethena ETP (ticker symbol: EENA) and 21shares Morpho ETP (ticker symbol: MORPH). Both products are listed on the SIX Swiss Exchange, Euronext Amsterdam, and Euronext Paris, and support trading in USD and EUR. Mandy Chiu, Global Head of Product Development at 21shares, stated that Ethena and Morpho represent significant advancements in on-chain financial infrastructure, and the new products will provide investors with a transparent and convenient investment channel.

Huoxun Finance News, December 3rd – The UK has officially recognized crypto assets (such as cryptocurrencies and stablecoins) as property under legal protection. On Tuesday, Lord Speaker John McFall announced that the Property (Digital Assets, etc.) Bill, with royal assent by King Charles, has become law. Based on recommendations from the Law Commission of England and Wales in 2024, the bill explicitly classifies crypto assets as a new form of personal property. This provides a clearer legal basis for digital assets, particularly in areas such as proof of ownership, recovery of stolen assets, and bankruptcy or estate settlement. CryptoUK points out that the bill affirms that “things” in digital or electronic form can be objects of personal property rights, even if they do not fall under the traditional categories of “physical property” or “debt property.” Industry insiders say this change provides greater clarity and protection for consumers and investors, while laying the foundation for supporting new financial products, tokenized physical assets, and a more secure digital market. The UK had previously planned to launch a crypto regulatory framework aimed at integrating crypto businesses into a similar regulatory system as other financial companies, promoting its development as a global crypto hub.

Odaily Planet Daily reports that YZi Labs announced the full list of founders and companies for the second season of EASY Residency during Binance 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, and AgriDynamics, covering areas such as prediction markets, 3D data, cross-border payments, gene therapy, and agricultural robotics.

According to Lookonchain monitoring, on December 3rd, the whale address 0x755b has been continuously buying MON tokens since their launch. To date, it has invested $2.31 million USDC to purchase 70.64 million MON tokens, with an average purchase price of $0.03267. However, due to market price fluctuations, this address is currently experiencing a paper loss exceeding $250,000.