Spot trading volume on centralized exchanges increased 128% to $3.43 trillion, the second highest since May 2021; derivatives trading volume rose 89% to $6.99 trillion, setting a new record.

Federal Reserve Chairman Jerome Powell said at the New York Times DealBook Summit that Bitcoin is more of a speculative asset, similar to gold, but in a virtual and digital form. He pointed out that Bitcoin is not a competitor to the US dollar, but a competitor to gold, and is not yet widely used as a payment method, and its price volatility is large. It is worth noting that as the price of Bitcoin approaches $100,000, Powell reiterated his previous view that Bitcoin "has staying power." When asked if he would hold cryptocurrencies, Powell said he was not allowed to hold them due to his identity.

Currently, ChatGPT has 300 million active users per week and more than 1 billion user messages per day. In addition, there are 1.3 million developers in the United States developing based on OpenAI technology.

On December 4, local time, John Duarte, a Republican congressman from California's 13th district, admitted defeat in the election for the last seat in the House of Representatives. The U.S. House of Representatives election is now completely over, with the Republicans eventually winning 220 seats in the House of Representatives and the Democrats winning 215 seats.

Ken Griffin, CEO of U.S. hedge fund Citadel, said he regretted not buying cryptocurrencies a few years ago.

Meitu sold about 31,000 Ethereum and 940 Bitcoin. The company said it would use about 80% of the proceeds from the cryptocurrency sales to pay a special dividend.

Coinbase has added Gigachad (GIGA) and Turbo (TURBO) to its roadmap.

Fed's Musallem said the time to slow or pause rate cuts may be coming. Additional policy easing may be needed over time. It is important to keep monetary policy options open amid uncertainty. Inflation is expected to converge toward 2% over the next two years. Recent data show an increased risk of stagnant inflation. The risk of easing too much, too fast is greater than easing too little. The Fed's policy rate is currently well above neutral.

Russian President Vladimir Putin said Bitcoin and digital assets will continue to develop.

Binance Futures will launch perpetual contracts with a maximum leverage of 75x at the following times:

So far this year, Binance, the world’s largest digital asset exchange by registered users and trading volume, has seen nearly 40% more user inflows than the next 10 cryptocurrency exchanges combined. According to the data platform, Binance will see $21.6 billion in inflows through 2024, while the next 10 exchanges will see $15.9 billion (36% more).