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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
08:18
Spot silver and New York silver futures rise in the short term; spot silver is now quoted at $77.74 per ounce.
ChainCatcher News: Spot silver has surged in the short term, with its intraday gain expanding to 1.00%, currently quoted at $77.74 per ounce. New York silver futures have risen by 3.00% intraday, currently quoted at $77.40 per ounce.
08:16
Mezo to Airdrop to BTC Lending Users on Ethereum, Eligibility Check Now Open
Foresight News reported that Bitcoin Layer 2 network Mezo has announced an airdrop of MEZO tokens to users who have engaged in BTC lending within the Ethereum ecosystem (including protocols such as MakerDAO, Compound, Aave, Morpho, Euler, Spark, etc.). Users can visit its official website to check eligibility and register their wallets.Mezo stated that users will be eligible for the airdrop after borrowing MUSD on Mezo. If the allocated tokens are locked as veMEZO for six months, users can receive a 2x reward multiplier. In addition, Mezo plans to launch reward-boosted Vaults and conduct liquidity migration later this month.
08:10
White House press secretary abruptly ends press conference, traders gain 50x returns as a result
BlockBeats news, on January 9, the probability of "White House Press Secretary Karoline Leavitt's speech at the January 7 White House press conference reaching or exceeding 65 minutes" on the prediction platform Kalshi was originally as high as 98%. However, Karoline Leavitt suddenly ended the press conference in the last few seconds. Traders who bet on "No" gained a 50-fold return within seconds.
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