Good News:

- Vanguard Opens the Door for Crypto ETFs: Starting December 2nd, Vanguard – one of the largest investment funds in the world – will begin allowing trading of ETFs and mutual funds that primarily hold Bitcoin, Ether, XRP, Solana, and other cryptocurrencies. This is a significant turning point, ending their previous anti-crypto stance, and enhancing accessibility for traditional investors.

- Bank of America Allows Bitcoin Advisory: This major bank has approved financial advisors to recommend allocating up to 4% of investment portfolios to Bitcoin, shortly after Vanguard's announcement. This reflects an increasing acceptance from traditional financial institutions.

- Fed Stops Quantitative Tightening (QT): On December 1, Fed Chairman Jerome Powell confirmed the end of the quantitative tightening program, which helps increase liquidity in the financial markets. This is beneficial for risk assets such as crypto, as banks and investment funds can more easily expand their positions, with forecasts of strong capital inflows into digital assets.

- The FED has just injected 13.5 billion dollars into the U.S. Banking System through overnight repurchase agreements. This is the second largest liquidity injection since Covid and even surpasses the peak of the Dot-Com Bubble.

- Trump May Appoint Crypto-Friendly Fed Chair: President Trump hinted that Kevin Hassett – former Coinbase advisor – could be the next Fed Chair, with odds up to 75% in the prediction market. Hassett supports growth, rapid rate cuts, and higher inflation.

- Experts like Grayscale, Arthur Hayes, Tom Lee, Robert Kiyosaki, Michael Saylor… predict that BTC may reach a new peak in 2026, continuously buying more and urging everyone to buy more.

- The FED may cut interest rates in the FOMC meeting on December 11.

- The community expects that the FED may soon ease quantitative easing (QE)

Bad News:

- Although there are signs of recovery, the market still faces pressure from sell-offs, low liquidity, and macro risks, leading to a sentiment that remains at a level of fear.

- MicroStrategy Cuts Forecast Due to Weak BTC: The world's largest BTC holder has lowered its year-end BTC price forecast to $85,000-$110,000 ( from $150,000), and added $1.44 billion in cash reserves to combat volatility. MSTR shares dropped 3.3%.

- Crypto Stocks and Miners Decline: American Bitcoin ( related to Trump) fell by 40%, dragging Hut 8 down by 12%; IREN and Cipher Mining saw significant declines despite increasing by 300% over the year. Coinbase stock dropped by 4.8%, Bitfarms fell by 5.7%.

- Global Macroeconomic Pressure: The Bank of Japan (BOJ) may raise interest rates at the meeting on December 19 with an 85% probability, strengthening the Yen and affecting liquidity.

- China warns that crypto activities are illegal, causing a decline in Asian crypto stocks.

- Geopolitical risks from NATO-Russia.