According to BlockBeats, on December 6, Eric Merlis, Managing Director and Co-Head of Global Markets at Citizens, commented on the November non-farm employment report. He noted that the report indicated a rebound in hiring as anticipated, with no major surprises. The slight increase in the unemployment rate and the decline in the participation rate are expected to persuade the Federal Reserve to maintain its gradual easing path during its December meeting. Merlis highlighted that the employment data aligns with market expectations, suggesting that the labor market is stabilizing after previous fluctuations. The report's findings are likely to influence the Federal Reserve's monetary policy decisions, as they provide insight into the current economic conditions. The central bank's approach to monetary policy has been closely watched by investors and analysts, as it impacts interest rates and overall economic growth. The Federal Reserve's decision-making process involves assessing various economic indicators, including employment figures, to determine the appropriate course of action. The November employment report's results, showing a modest rise in unemployment and a decrease in labor force participation, suggest that the economy is experiencing a period of adjustment. This scenario supports the Fed's strategy of gradual easing, aimed at fostering economic stability and growth. As the Federal Reserve prepares for its December meeting, the employment report will be a key factor in shaping its policy direction. The central bank's actions are crucial in managing inflation and supporting the recovery of the labor market. The November data provides a clearer picture of the economic landscape, allowing policymakers to make informed decisions that align with their long-term objectives.

According to Odaily, DEXX has issued a public apology following a security breach that resulted in the loss of user funds. The platform expressed its deepest regrets to all affected users, acknowledging that negligence in security measures led to the incident. DEXX has committed to taking full responsibility for the adverse outcomes and is determined to compensate all users who suffered losses due to the breach. The statement from DEXX emphasized the importance of unity between the platform and its users during this challenging time. The team urged both parties to cease any further harm or attacks, highlighting that mutual support is crucial for overcoming the crisis. DEXX reassured users that it has no intention of abandoning the platform or its community. Instead, the team is dedicated to safeguarding the platform and ensuring that affected users receive the compensation they deserve.

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DEXX posted on the X platform: "For all users affected by the hacker theft, we bow deeply and express the most sincere apology from the DEXX team. Due to negligence in security, users have suffered losses. The DEXX platform is willing to bear all the adverse consequences and do its best to compensate all users who have suffered losses in this incident. We call on you, as the victim platform, to stop harming and attacking. Perhaps when everyone can't hold on and wants to run away, your little support is the motivation for us to persist. We will not run away, we are willing to compensate, we will not give up users, and we are willing to protect the platform."

According to Odaily, analyst Anstey has highlighted the potential impact of next week's Consumer Price Index (CPI) inflation report on the Federal Reserve's interest rate projections for 2025. The report is expected to be significant due to the complex signals observed in today's data. The recent wage increase, which surpassed expectations, is a key factor contributing to the anticipation surrounding the upcoming report. This development has drawn particular attention to the inflation in the services sector, excluding housing. Analysts and economists are closely monitoring these indicators as they could influence the Federal Reserve's future monetary policy decisions. The CPI report is a crucial economic indicator that provides insights into inflation trends, and its findings are likely to play a pivotal role in shaping the Federal Reserve's strategy. As the financial community awaits the release of this report, the focus remains on how these economic signals will affect long-term interest rate forecasts.

OKX market shows that ETH has broken through 3900 USDT and is now at 3900.21 USDT, with a 24-hour increase of 0.51%. (This newsletter is generated by AI)

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Analyst Anstey said that given some mixed signals in today's report, next week's CPI inflation report may have a considerable impact on the Fed's 2025 interest rate forecast. Given the unexpected wage increase released today, service sector inflation (excluding housing) will be particularly noteworthy. (Jinshi)

According to the official announcement, Binance will launch AcrossProtocol (ACX) and Orca (ORCA) on SimpleEarnFlexibleProducts at 13:00 (UTC) on December 6, 2024, and will launch related trading pairs and contracts of ACX and ORCA in services such as Margin and Futures at 15:00 (UTC) on the same day. (This newsletter is generated by AI)

The U.S. nonfarm payrolls increased by 227,000 in November, the largest increase since March 2024, exceeding expectations of 200,000, and the previous value was revised up from 12,000 to 36,000. The U.S. unemployment rate was 4.2% in November, in line with expectations, and the previous value was 4.10%. Analysts said that at first glance at the report, we did not see signs of a recession. The job market has not hit the bottom, but there are indeed signs of slowing down. Considering the Fed's benchmark interest rate, the upper limit of the target range is 4.75%, which is more than one percentage point higher than the core inflation rate, and the case for further rate cuts remains tenable. The nonfarm payrolls report is one of the last batches of big data to be considered by the Fed before deciding whether to cut interest rates for the third time in a row at its December meeting. Fed Chairman Powell said this week that the Fed can be "a little more cautious" about cutting interest rates because the U.S. economy is "in very good shape" and inflation is slightly higher than previously expected. (Jinshi)

The post Crypto Market Today (Dec 6th, 2024): Fear & Greed Index Hits Extreme Greed While Cryptos Fall? appeared first on Coinpedia Fintech News The cryptocurrency market has witnessed a dip today, with the market cap falling by 2.23% to $3.6 trillion. Trading volume has also taken a hit, declining 5.86% to $320.02 billion. Despite these setbacks, the Fear & Greed Index remains in the... source: https://coinpedia.org/news/crypto-market-today-dec-6th-2024-fear-greed-index-hits-extreme-greed-while-cryptos-fall/

Analyst Joseph said that the market basically expects the Fed to cut interest rates in December, but then the Fed will skip rate cuts in January, March and May, and finally cut interest rates again in June or July. Considering the upcoming economic data, we think this view is not unrealistic at present. This is a major shift compared to the rate cuts predicted three months ago at each meeting in 2025. (Jinshi)

What is the logic driving this wave of DEX bonus market? What is the entry point of SynFutures in providing contract trading opportunities for early MEME coins?

The DeFi market has seen a remarkable recovery over the past four months, with market capitalization increasing from $70.5 billion to $132.4 billion and tokens gaining an average of 87%.

For newcomers to the Web3 industry, airdrops are a good way to learn.

ACT and BNB hit new highs and set off a market boom: Data reveals the effect of Binance listing. Golden Finance analyzes Binance’s new coin yield performance in November and its listing strategy.

Recommended readings tonight: 1. Who is David Sacks, the first "crypto and AI czar" in the United States? What projects has he invested in? 2. Pantera: The trillion-dollar stablecoin market - stacks and future opportunities; 3. BTC breaks through $100,000, and the altcoin season has arrived;

With the development of blockchain technology and the crypto market, Meme coins have gradually become an important part of crypto assets. LBank Labs, MetaEra and Bee Network jointly released the "Top Ten Popular Meme Coins in 2024".

Bitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.

BTC broke through the 100,000 mark, the altcoin sector of the crypto market rose in tandem, and the overall market sentiment was high.