In the past hour, total liquidations across the network reached $26.07 million, with $17.91 million from long positions, with $8.16 million from short positions. BTC liquidation $8.70 million, ETH liquidation $10.07 million.

Following Federal Reserve Chairman Jerome Powell's expressions of concern about the labor market yesterday, Wall Street is increasingly betting that the Fed will cut interest rates twice or more in 2026. Scott Helfstein of Global X stated, "A dovish Fed should generally benefit risk assets, especially growth and cyclical stocks." He also noted, "As borrowing rates fall, sectors related to the corporate investment cycle may also be well-positioned." He added that the attractiveness of short-term bonds and gold may decline slightly. "If short-term rates fall, long-term bonds may gain more attention." (Jinshi)

Odaily Planet Daily reports that Howard Marks, co-founder of Oaktree Capital Management, warned that the Federal Reserve's "intervention" in the cost of funding will push people towards riskier investments as the returns environment slows. He stated that he does not believe interest rates need to be significantly lower than current levels. Marks said, "I think the Fed should remain passive most of the time, only intervening when the economy is severely overheated, trending towards runaway inflation, or severely depressed and unable to create jobs. I don't think that's the case right now." Earlier this week, Marks wrote in a blog post that he was "fearful" of the impact of artificial intelligence on employment and questioned the practice of hyperscale companies issuing large amounts of debt at extremely low yields to finance AI deployments when the demand for AI remains uncertain. (Jinshi)

According to a chart forwarded by Eric Balchunas, as of the end of 2025, there are 124 cryptocurrency-related ETP (Exchange Traded Products) registration applications in the US market. Among them, Bitcoin-related products account for the largest proportion, with 21 applications (18 of which are based on the derivative structure of the Act of 1940). This is followed by basket products (15 applications), and mainstream tokens such as XRP (10 applications), Solana (9 applications), and Ethereum (7 applications) have 42 applications for spot trading under the Act of 1933. The rest are derivatives or structured funds.

According to Huoxun Finance on December 11, data from Jinshi shows that the number of initial jobless claims in the United States for the week ending December 6 reached 236,000, the highest since the week ending September 6, 2025. The expected number was 220,000, and the previous figure was revised from 191,000 to 192,000.