USDT dropped below 7 Chinese yuan on Binance on Dec. 4, trading at 6.99, market data reported by BlockBeats show. USDC against the yuan stood at 6.96. The decline follows a Nov. 28 coordination meeting convened by the People's Bank of China alongside over a dozen agencies to combat virtual currency trading speculation. Attorney Xiao Sa noted the meeting primarily targets illegal currency exchange activities using stablecoins, which authorities view as severely disrupting financial order.

Japan's 30-year government bond yield hit a record high of 3.445% on Thursday morning, Jin10 reports. The Ministry of Finance plans to sell 700 billion yen in notes in this maturity segment, with auction results scheduled for afternoon release. Takayuki Miyajima, economist at Sony Financial Group, said that while speculation over a Bank of Japan rate hike and concerns about fiscal expansion are driving selling pressure, the upcoming 30-year bond auction is expected to see smooth results as high yields support demand. The upward trend in Japanese government bond yields reflects market expectations for a BOJ rate increase in December and concerns over potential deterioration in Japan's fiscal position.

The Web3 sector lost $183,981,395 to major security incidents in November, GoPlus said in a monthly security report released Dec. 4. The Balancer attack accounted for $128 million in losses, while the Upbit breach resulted in $36.8 million stolen. Smart contract vulnerabilities caused $175,031,395 in damages across 15 major incidents, and phishing attacks led to approximately $8 million in losses affecting around 7,000 victims.

Bitcoin rose above $93,000 and Ethereum broke through $3,100 on Dec. 3, HTX market data show. The price movements were recorded on the HTX trading platform.

U.S. Treasury Secretary Scott Bessent said on Dec. 3 that rate cuts are necessary as certain sectors of the economy show signs of softness, BlockBeats reports. The remarks come amid ongoing debate over monetary policy direction.

Binance Co-CEO He Yi said in a Dec. 3 interview that the exchange has no intermediaries or nepotistic channels for token listings, BlockBeats reports. Projects seeking listing must provide users with discounted token allocations or airdrops, and any parties claiming to act as listing intermediaries are fraudulent. He Yi acknowledged Binance's product experience and localization services lag behind some regional platforms despite approaching 300 million users, and noted the company misjudged meme token potential earlier and will maintain an open stance toward emerging sectors like prediction markets.

Binance has implemented a co-CEO framework with Yi He assuming responsibilities for product development and organizational culture, she said at Binance Blockchain Week on Dec. 3. Under the structure, CEO Richard Teng focuses on regulatory matters while Yi He concentrates on user-centric culture, human resources, and product iteration. Yi He said the co-CEO system aims to build a sustainable organizational structure rather than relying on individual capabilities, with Teng's regulatory background positioning him as the primary bridge for compliance communications.

U.S. private sector employment fell by 32,000 jobs in November, ADP reported on December 3, following an upwardly revised gain of 47,000 in October. The U.S. Bureau of Labor Statistics rescheduled its November employment report to December 16 from December 5 due to a recent government shutdown. Economists cite economic uncertainty from tariff policies as contributing to labor market stagnation, noting initial jobless claims align with a "no hiring, no firing" narrative despite the ADP data showing weakening conditions. In September, the U.S. economy added 119,000 jobs with unemployment rising to a four-year high of 4.4%, Jinshi reports.