Odaily Planet Daily reports that the US dollar is declining, and previously released US economic data may influence market expectations regarding the Federal Reserve's rate-cutting cycle. The ISM Manufacturing Survey will be released tonight at 11 PM, followed by the ISM Services Report on Wednesday. Other data this week includes Wednesday's ADP Private Employment Report. Due to the recent US government shutdown, key employment and inflation data will not be released until after the Federal Reserve's policy decision on December 10th, and the market expects the Fed to cut rates again. With the pace of future rate cuts uncertain, other data is becoming increasingly important. (Jinshi)

According to Huoxun Finance, on December 1st, the Nikkei 225 index closed down 1.89% at 49303.28 points. The South Korean KOSPI index closed down 0.20% at 3918.69 points.

According to The Data Nerd, a trader (0x0ddf...902) opened a short position in ETH on Hyperliquid seven hours ago at an average price of $2,991, worth approximately $18.8 million. The position was closed one hour later, resulting in a profit of approximately $909,000. This trader's total profit on Hyperliquid is currently approximately $10.23 million.

According to Odaily Planet Daily, on-chain analyst Ai Yi monitored that address (0x21B...4284) spent 6 million USDC to buy 65.65 WBTC during the market downturn, at an average price of $91,384. This address has sold all of these WBTC in the past 5 hours, at an average selling price of $86,563, resulting in a loss of $316,000.

According to a report by Odaily Planet Daily, Societe Generale interest rate strategists stated that upcoming economic data should continue to show the resilience of the US economy, sticky inflation, and a slight deterioration in labor market conditions; despite this, US Treasury yields still have room to decline by the end of 2026. These strategists stated, "Following the rate cut at the December meeting, we expect the Fed to cut rates twice more next year." They predict that by the end of 2026, the two-year Treasury yield will steadily decline to 3.20%, and the 10-year Treasury yield will decline to 3.75%. (Jinshi)