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Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.
Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.

On December 1, the crypto market plunged, with bitcoin dropping over 5% in a single day. The trigger was a rumor about Federal Reserve Chairman Powell's resignation, but the underlying reason was concerns that the Bank of Japan may end its zero interest rate policy, sparking global deleveraging. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit·2025/12/01 21:33
Flash
23:35
President Trump will not consider pardoning Sam Bankman-Fried
According to The New York Times, U.S. President Trump will not consider granting a pardon to Sam Bankman-Fried. (Cointelegraph)
22:26
Strategy stock trading volume surpasses $80 million, share price exceeds $100
The trading volume of STRC stock on a certain exchange has just surpassed $80 million, with the stock price exceeding $100. In addition, Strategy plans to purchase millions of bitcoins. (The Bitcoin Historian)
22:12
Data: 4,000 ETH transferred from Veda, worth approximately $12.47 million
According to ChainCatcher, Arkham data shows that at 06:02, 4,000 ETH (worth approximately $12.47 million) were transferred from Veda to the Wrapped Ether (WETH) contract address.
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