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Bitget December 5 Morning News Summary
Dingaling, who was previously criticized by CZ due to the failure of boop.fun and the "insider trading" controversy, has now reconciled with CZ to jointly launch a new prediction platform, predict.fun.
Positions have been fully reset and new variables are emerging; upward opportunities are more likely to arise from tactical positioning rather than a trend reversal.
On December 5, Moore Threads officially debuted on the STAR Market, opening at 650 yuan, which represents a 468.78% surge compared to its issue price of 114.28 yuan.
Southwest Securities believes that the current market is in a dangerous and fragmented period driven by "fiscal dominance," where traditional macro logic has failed, and both U.S. stocks and gold have become tools to hedge against fiat currency credit risk.
Hassett stated in a media interview that the FOMC now appears more inclined to cut interest rates, and he expects a rate cut of 25 basis points.
- 12:11Kenan Saleh joins a16z as an investment partnerChainCatcher reported that former Lyft executive Kenan Saleh has announced his appointment at venture capital firm a16z as an early-stage investment partner, focusing on the Speedrun program, which provides $1 million in seed funding and support for scaling to early-stage projects. Kenan previously worked at Lyft, where he had extensive collaboration with a16z, and also expressed gratitude to Bain Capital Ventures for the venture capital training he received there.
- 12:05An Ethereum ICO participant address awakens after over 10 years of dormancy, earning more than 10,000 times profitJinse Finance reported, according to monitoring by lookonchain, an Ethereum ICO wallet, after being dormant for over 10 years, has just transferred 1 ETH to an exchange. This wallet holds 850 ETH (approximately $2.82 million). This early investor only invested $263.5 in the ICO back then and received 850 ETH—in terms of the current price, the return rate is as high as 10,684 times.
- 12:00Vitalik Buterin: Ethereum can handle temporary loss of finalityChainCatcher reported that Ethereum co-founder Vitalik Buterin stated on the X platform that occasionally losing finality is not a big deal, as finality is intended to ensure that blocks are not rolled back. If, due to a significant client error, finality is occasionally delayed by several hours, as long as erroneous blocks are not ultimately finalized, this situation is acceptable, and the chain will continue to operate during this period. Computer science PhD Fabrizio Romano Genovese agreed with Vitalik Buterin's view, noting that when finality is lost, Ethereum becomes more like Bitcoin. He explained that Ethereum's finality mechanism works such that when a block receives more than 66% of validator votes, it is "justified," and after two more epochs (64 blocks), the block is "finalized." A spokesperson for Polygon stated that the lack of finality would affect infrastructure that relies on it, such as certain cross-chain or Layer2 bridges, but Polygon will continue to operate normally. However, transfers from Ethereum to sidechains may be delayed, waiting for finality to be restored. AggLayer will also delay transactions from Ethereum to L2 until finality is achieved again.