According to an official announcement, Bitget has launched USDT-margined BSU perpetual contracts with leverage ranging from 1x to 20x. Contract trading on bots will also be available simultaneously.

According to Odaily, Argentina's state-owned oil company YPF is evaluating whether to allow the use of cryptocurrency to pay for gasoline and diesel at its gas stations.

According to Odaily Planet Daily, Bitcoin's price recently fell by about 36% from its all-time high of $126,000 to below $81,000, but data shows that this magnitude of pullback is a common occurrence in Bitcoin's history. Currently, Bitcoin is trading at over $93,000, down about 26% from its all-time high. Data compiled by CoinDesk Data shows that similar or larger declines occurred multiple times during Bitcoin cycles in 2021 and 2017. Historical data shows that pullbacks of this magnitude have typically been followed by a rebound to new all-time highs. Jacob Joseph, senior research analyst at CoinDesk Data, stated that historically, this level of volatility aligns with long-term trends. In this current cycle, Bitcoin experienced a 32.7% pullback from March to August 2024 and a 31.7% decline from January to April 2025. Lucy Gazmararian, founder of Token Bay Capital, stated that the recent price volatility is related to the largest forced liquidation event in crypto history. (CNBC)

Huoxun Finance News, December 4th - Incubator MEETLabs announced the official launch of DeFishing, a large-scale 3D fishing blockchain game. DeFishing, the first blockchain game on MEETLabs' GamingFi platform, will debut on BNBChain and will be the first to introduce a combined ProofofPlay (POP) and ProofofStaking (POS) mechanism: players can earn POP rewards through gameplay, completing game tasks, and participating in event rankings, and can also earn POS rewards through token staking. The GamingFi platform will implement a dual-token system and a "deflationary + mining" mechanism, including the official MEET48 token IDOL for ecosystem governance, community incentives, and staking, and the platform's universal game token GFT (GamingFiToken), which promises never to be issued more. Currently, the GamingFi platform's universal game token GFT is listed on DEX. MEETLabs stated that the GamingFi platform will also release several blockchain games, including MonopolyChain, to enhance the value of the IDOL token and further strengthen the MEET48 community.

Huoxun Finance News, December 4th - According to Bloomberg, the EU's executive body has announced plans to transfer more regulatory and enforcement powers to its market regulators, sparking debate over the transfer of power from national regulators to Brussels. The proposal, released on Thursday, shows that the Paris-based European Securities and Markets Authority (ESMA) will have new powers over major clearing houses, central securities depositories, and exchanges. Less than a year ago, the EU introduced a national regulatory regime for cryptocurrency companies, and these companies, along with pan-European market operators, are now under the agency's jurisdiction. The centralization of most EU market regulatory powers requires the consent of the European Parliament and the Council of Member States, which has been strongly opposed by some member states. The core of the proposal is to strengthen the powers and resources of the ESMA, establishing a board of five independent members with terms of up to five years. The initial setup costs will be borne by the EU budget, with exchanges, central securities depositories, and crypto asset service providers bearing ongoing expenses. To simplify European market operations, the European Commission will also amend legislation to limit member states' additional requirements for securities issuers, streamline licensing procedures to improve cross-border central securities depository services, and hopes to integrate distributed ledger technology into the rulebook. Negotiations on this package will begin in January next year, when Cyprus will assume the rotating presidency of the Council of the European Union.