Macroeconomic aspects:

1. Whether the Federal Reserve will pause interest rate hikes in December still depends on more data. Analysts believe that postponing decisions until next year is more prudent until the trade dispute is clarified.
2. India plans to launch a digital asset ARC pegged 1:1 to the rupee in Q1 2026, developed by Polygon and Anq, to serve as an enterprise-level stablecoin and settle with India's CBDC.
3. BlackRock registered "iShares Staked Ethereum Trust" in Delaware, seen as an initial move to promote a staked Ethereum ETF. The market is still awaiting SEC regulatory guidelines on staking functionalities.

Market Hotspots:
1. Yesterday, US Bitcoin spot ETF saw a net inflow of $75.4 million, while Ethereum spot ETF experienced a net outflow of $37.4 million. The market's fear and greed index is at 15, indicating extreme fear.
2. 21Shares added six new crypto ETPs on Nasdaq Stockholm, covering AAVE, ADA, LINK, DOT, and two basket indices to meet crypto allocation needs in the Nordic market.
3. Nillion states that the abnormal price fluctuation of NIL is unrelated to the team or vault, system security is normal, and external factors are under investigation.
4. The second largest loss address that was long ETH on HyperLiquid was partially liquidated for $4.07 million during the morning drop, currently still holds positions with an unrealized loss exceeding $6 million.
5. The community accuses Polymarket data provider ISW of market manipulation; V God suggests adopting a 2-of-3 multi-oracle mechanism to enhance result credibility.

Industry Developments:
1. Bitwise announced an upcoming XRP ETF with a management fee of 0.34%, ticker symbol XRP, and will waive management fees until the asset reaches $500 million.
2. Security analyst ZachXBT reports that BSC project GANA Payment was attacked, losing over $3.1 million, with some funds already laundered through Tornado Cash and transferred cross-chain.