Odaily Planet Daily reported today that the Beijing Business Daily published an article titled "Speculation Resurfaces, People's Bank of China Cracks Down on Virtual Currencies Again, Defines Stablecoins for the First Time," which pointed out that at a recent meeting of the coordination mechanism for combating virtual currency trading and speculation, the People's Bank of China defined stablecoins for the first time. It clarified that stablecoins are a form of virtual currency and currently cannot effectively meet requirements for customer identification and anti-money laundering, posing a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. The article reiterated the continued crackdown on illegal financial activities related to virtual currencies. However, industry insiders believe that this meeting will not affect the development of stablecoins in Hong Kong, but stablecoin speculation in mainland China will be severely punished. The potential for domestic entities to develop stablecoins in Hong Kong will be greatly reduced, limited to practical applications such as cross-border payments and supply chain finance.

According to Odaily Planet Daily, OKX market data shows that SOL has broken through 140 USDT and is currently trading at 140.1 USDT, with a 24-hour increase of 2.33%. (This news item was generated with AI assistance.)

In the past hour, total liquidations across the network reached $10.51 million, with $1.09 million from long positions, with $9.42 million from short positions. BTC liquidation $813,646.59, ETH liquidation $4.44 million.

Odaily Planet Daily reports that Strategy founder Michael Saylor has once again released information related to Bitcoin Tracker. Following past patterns, Strategy typically discloses its Bitcoin holdings the day after such news is released.

According to a report by Wall Street News on November 30th, analysts at Goldman Sachs' Fixed Income, Foreign Exchange, and Commodities (FICC) division believe that a rate cut by the Federal Reserve at its upcoming December meeting is virtually a foregone conclusion. Analysts point out that given the weakening labor market and risk management needs, a rate cut at this time is the right policy choice, and market pricing has already fully reflected this expectation. Goldman Sachs analysts note that given the sparse data calendar leading up to this meeting and the high degree of consensus in market expectations, a rate cut is "locked in." Considering the trajectory of the labor market, a rate cut in December, followed by a reassessment in January—effectively after observing three more non-farm payroll reports—would be a sound risk management strategy.