CoinNess Market Index shows that BTC drops by 1.05% within 5 minutes. BTC currently marks 18,949.47 USDT on OKEX.
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According to Odaily, GSR, the global provider in crypto trading and market-making, recently launched DOT over-the-counter (OTC) options products, aiming to provide structured products for DOT holding institutions and high-net-worth individuals to hedge risks and enhance returns. It is reported that the first block option transaction has been completed.

Among several of the recently much-discussed Ethereum (ETH)-related events is the arrival of a particular Ethereum Improvement Proposal (EIP) that should help lower fees - but high fees are a scalability, not a mechanism issue, argues an expert.
EIP-1559 is expected to bring automatic token burn mechanism for each transaction and an improved fee market, and has been highly anticipated within the ETH community and the Cryptoverse in general.
"No transaction fee mechanism, EIP-1559 or otherwise, is likely to substantially decrease average transaction fees; persistently high transaction fees is a scalability problem, not a mechanism design problem," wrote Tim Roughgarden, an American computer scientist and a Professor of Computer Science at Columbia University.

Citing data from BitInfoCharts, the Bitcoin address starting with 1MBL77kRT, created on November 28, transferred all its assets (21,446 BTC) on December 1. Thereinto, 100 BTC were sent to an address starting with 3DivdQbk6s8FB2RBo held by blockchain-based sports betting and casino BetVIP, while the rest were moved to a newly-created address which starts with 1BCph769SLT, making it become the 33th richest wallet.

Harvest Finance now allows for auto harvesting on its stablecoin strategies. For USDC, USDT, TUSD, and DAI deposits, farmers will earn three separate assets (IDLE, COMP, and FARM).
The innovative WETH synthetic liquidity strategy now is live, according to Harvest Finance. It allows the operations treasury to combine WETH from the pool, along with its FARM holdings to add liquidity on Uniswap, and eats all the synthetic profit and loss from IL on the whole WETH/FARM position.

Monitored by CoinNess.com, from 16:00 UTC on December 1 to 10:00 (UTC) on December 2, BTC registered a net outflow of $180.79 million in the past two hours.
1. The Top 3 net cap inflows in the crypto market are: FIL (+$4.36 mln), LTC (+$4.06 mln), and OKB (+$3.10 mln);
2. The Top 3 net cap outflows in the crypto market are: BTC (-$180.79 mln), ETH (-$45.99 mln), and EOS (-$11.22 mln).
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Huobi Futures will launch XLM, XTZ, XMR, NEO, ALGO and VET USDT-margined swaps at 06:00 on Dec. 4, 2020 (UTC). Using stablecoin USDT as the margin currency, these swaps support bi-directional trading and up to 75x leverage

On December 2, Harvest Finance announced to launch a poll for the buyback of GRAIN, with four options (0.5% of total emissions, 1% of total emissions, 1.5% of total emissions, and 3% of total emissions) going to GRAIN buyback and uniswap liquidity.
Also, Harvest Finance would be using the strategic reserve for strategic GRAIN buybacks to buffer price volatility. The following amounts have been saved up for this purpose: 1,798.98 FARM from week 12, 658.95 FARM from week 13, and 465.3988850 FARM from week 14.

According to an announcement, Huobi Global will support SPARK airdrop for XRP holders. Details are as follows:
1. Suspension Schedule: XRP deposits and withdrawals will be suspended at 07:00 AM on December 12, 2020 (UTC+8).
2. Snapshot Time: The airdrop snapshot will take place at the first validated XRP ledger with a timestamp greater than or equal to 08:00:00 AM on December 12, 2020 (UTC+8).
3. Minimum holding amount: 10 XRP (balances or trade orders ≥ 10 XRP).

As of 09:00 UTC on December 2,
1) The total market cap of DeFi coins marks $17.71 billion (-1.5%), and the top five coins by market cap are WBTC ($2.306 billion), cDAI ($1.239 billion), DAI ($1.061 billion), YFI ($842 million), and Uniswap V2 ($801 million).
2) Assets locked in DeFi are by far worth $14.5 billion (-1.56%), where $2.79 billion (19.22%) is from Maker, $2.28 billion is from WBTC, and $1.67 billion is from Compound.
3) CoinNess DeFi Index: DEX - 160.67 (-2%), Derivatives - 167.16 (-1%), Loan - 154.91 (+1%), and Oracle - 121.01 (-7%).

Major cryptocurrencies fell back after shooting up to high points, indicating that the crucial resistance level is located in somewhere near the high levels and it is hard for Bitcoin (BTC), the oldest cryptocurrency in market, to further expand its price increase, according to the cryptocurrency price analysis by Jins, the leading, in-house crypto analyst at CoinNess.com. Considering that the activeness of major cryptocurrencies is staying is a relatively high level, it is easier for crypto enthusiasts to obtain profits by investing in these coins with high activeness. In terms of Bitcoin's performance, though the BTC price soared to a record high, its trading volume failed to follow the price trend.
From the perspective of price increase, when the daily amplitude of Litecoin (LTC) reaches 15.2%, its closing price drops by only 2.5%, showing a relatively good performance. As a result of the long-short competition, the selling pressure was released twice in a short period of time, and the trading volume of LTC reached a historical high of $10.2 billion, which is obviously the result of increased activeness. Therefore, the LTC price is easier to reach new highs in future.
As for XRP, in the case of recent highs and declines, the trading volume of XRP is twice as high as that of November 20. In other words, the high activeness of XRP will obviously not end in a short time, meaning that the price may counterattack at any time. Because there will always be some bulls who are bold enough to enter the market by operating short-term transactions to supplement XRP liquidity, thus pushing up the closing price.

Ethereum Classic tweeted to state that WETC can be used with any ERC20-compatible wallet or utility, allowing users participate in the burgeoning Ethereum-based DeFI ecosystem. Ethereum Classic Users are able to access Ethereum with WETC.

Grayscale's fifth largest asset, Horizen (ZEN), will halve reward for the first time at block height 840000. The halving time will be around 10:30 UTC today, December 2. After the halving, the block reward will be changed from 12.5 to 6.25 ZEN.

Monitored by Whale Alert, 16,000,000 USDC ($16,000,000 USD) were newly minted at USDC Treasury at 06:07:37 UTC on December 2.
The hash is 0x70d4534083d81f45f2dbafbd0b3e4974489b96f2fbec2ba68cf454fca42bc0de.

A segment of a race track in F1 Delta Time, a non-fungible token-powered motorsports game from Animoca Brands, has been auctioned off for more than 9 million of the company’s REVV tokens, worth approximately $222,000. Animoca says it’s a record price for an in-game NFT.
The token, “Formula 1 Grand Prix de Monaco 2020 1A” was auctioned on NFT marketplace Open Sea, with bidding taking place from Nov. 29 until Dec. 2. The token offers its owner an "Apex” share in the game’s Circuit de Monaco track.

Major Australian cryptocurrency exchange BTC Markets accidentally exposed the full name and email addresses of all of its customers in a marketing email sent to each affected individual on Dec. 1.
The emails were sent in batches of 1,000, meaning that each customer was sent the name and email address of 999 other users.
BTC Markets is in the process of reporting the incident to the Office of the Australian Information Commissioner, with Bowler noting the exchange will be “taking guidance from the OAIC” on how to respond to the breach moving forward.

Uniswap, an intelligent trading platform, currently has total liquidity of about $1.62 billion (-4.71%) of tokens with a 24h trading volume of about $333 million (+8.47%).
The top three gainers are XRT (+102%), zLOT (+52.09%), and SYN (+38.23%), and the top three losers are CP3R (-98.89%), BAC (-84.21%), and LID (-32.31%).

According to data from filfox.info, the effective hashrate of Filecoin's entire network now marks 1.17 EiB, and the number of active miners is 754. The FIL production in the last 24 hours reads 201,865 FIL, and the amount of pledge collateral is 20,215,956 FIL. The top five miners in effective hashrate ranking are shown in the figure.

Citing JGZ.com, as of 04:00 UTC on December 2, BTC contracts of the entire network in the past four hours were comprised of 48.27% longs and 51.73% shorts.
Note: the ratio represents the proportion of positively-bought or positively-sold volumes.  

CoinNess Market Index shows that BTC surges by 1.02% within 5 minutes. BTC currently marks 18,693.8 USDT on huobi Pro.
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As of 03:00 (UTC) on December 2, Bitcoin (BTC) has fallen to the $18,700 level. At present, the global average price of BTC marks $18,720.93 with a decrease of 4.33% in the past 24 hours.
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with six indicators sending out selling signals, five showing neutral signals, and seven indicating buying signals.
The broad market is trading in a downtrend, with 77 out of Top 100 cryptos by market cap rising.
The global market cap reads $557.03 billion, and the 24-hour trading volume is $226.16 billion.
Major Coins
1. BTC quotes show 18,724.50 USDT on Binance, $18,740.00 on Bitfinex, $18,706.00 on Coinbase Pro, and 18,722.85 USDT on Boboo.com;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $588.82 (-3.60%); XRP marks $0.6132 (-7.02%); BCH marks $288.51 (-8.65%); LTC marks $85.28 (-4.87%); EOS marks $3.02 (-8.72%); ETC marks $6.20 (-8.98%).
Top 3 Gainers and Losers in Cryptocurrencies
1. Top 3 gainers among Top 100 cryptocurrencies by market cap: SUSHI (+31.40%), KSM (+10.32%), and YFI (+5.82%);
2. Top 3 losers among Top 100 cryptocurrencies by market cap: ZEN (-14.31%), HEDG (-10.00%), and ADA (-9.16%).
Cap Flows of Coins/Exchanges
1. Top 3 capital inflows within the last 24 hours: BCH (+$166.74 mln), ETH (+$134.20 mln), and BTC (+$69.87 mln);
2. Top 3 capital outflows within the last 24 hours: XRP (-$64.74 mln), BUSD (-$25.26 mln), and LINK (-$16.38 mln);
3. Net inflows/outflows of exchanges: Binance (-$163.10 mln), Bitfinex (-$117.25 mln), and Coinbase Pro (-$10.81 mln).

Citing statistics from alternative.me, the Fear & Greed Index currently reads 92, three units lower than yesterday's, indicating the greedy sentiment of crypto market now is in status of "Extreme Greed."
Note: As per the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed." The current index is for Bitcoin only and is measured based on volatility (25%), market momentum/volume (25%), social media (25%), surveys (15%), dominance (10%), and trends (10%).