The cryptocurrency Fear & Greed Index dropped to 23 on Dec. 2 from 24 the prior day, Alternative data show. The index averaged 20 over the past week, reflecting sustained extreme fear conditions. The metric ranges from 0 to 100 and draws on six components: volatility (25%), trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends (10%).

The cryptocurrency market recorded $320 million in total liquidations during a four-hour window on December 1, Coinglass data show. Long positions accounted for $296 million of the liquidations, while short positions represented $24.39 million.

Three addresses (0xf6fd, 0xF744, 0x4116) linked to a whale that opened short positions after the October 11 flash crash borrowed $220 million USDT from Aave and transferred the funds to Binance, Bubblemaps reported on December 1. The addresses hold over $500 million in on-chain assets.

Fifteen major cryptocurrency attack incidents occurred in November, resulting in combined losses of approximately $194.27 million, PeckShield data show. The top five affected platforms were Balancer, Upbit, yearn, HLP (bad debt), and GANA Payment.

Yearn's yETH stable pool suffered an $8.9 million loss on Nov. 30 at 21:11 UTC through mass minting via a custom contract, Yearn said Dec. 1. The attack drained approximately $8 million from the stable pool and $900,000 from the yETH-WETH pool on Curve. The compromised code was isolated to the yETH product, with V2 and V3 Vaults unaffected. Yearn noted the attack's complexity resembles a previous Balancer incident and is working with SEAL911 and auditor ChainSecurity on the investigation.

Japan's two-year government bond yield hit 1% on Dec. 1, its highest level since 2008, The Japan Times reports. Five-year and ten-year yields climbed to 1.35% and 1.845% respectively, while the yen strengthened 0.4% against the dollar to 155.49. BOJ Governor Kazuo Ueda said the central bank will assess rate increases before deciding at appropriate times. Markets are pricing in a 76% probability of a BOJ rate hike at the Dec. 19 meeting, rising above 90% for the January meeting.

Stocks and cryptocurrencies associated with President Donald Trump have declined significantly since his inauguration, the Wall Street Journal reports. DJT shares fell 75% since the swearing-in, while digital tokens named after Trump and First Lady Melania dropped 86% and 99% respectively from inauguration day levels. World Liberty Financial, a crypto project linked to the Trump family launched in September, declined approximately 40%. Alpine Macro chief equity strategist Nick Giorgi described the movement as "a healthy pullback after speculative frenzy," noting the broader correction reflects shifts across high-valuation, speculative markets including Bitcoin and AI stocks as investors focus on actual company performance.

The cryptocurrency market recorded $435 million in total liquidations during a 4-hour window on December 1, with long positions accounting for $424 million and short positions for $11.43 million, Coinglass data show. Over the past 24 hours, 179,416 traders were liquidated with total losses reaching $535 million. The largest single liquidation order occurred on Binance's ETHUSDC pair, valued at $14.48 million.