Binance Alpha: Piggycell (PIGGY) Airdrop Threshold 250 Points

**December 7th** Matt Huang, co-founder of crypto investment firm Paradigm, posted on social media: “I don’t know who needs to hear this, but right now, the crypto industry is having its ‘Netscape moment’ or ‘iPhone moment.’” Its operations are unprecedented in scale—even larger than we could’ve imagined—with growth accelerating at both the institutional and cypherpunk levels. **BlockBeats Note** - **Netscape Moment (1995):** The release of the Netscape browser brought the internet into the mainstream. This marked the web’s transition from niche community technology to widespread adoption. - **iPhone Moment (2007):** The launch of the iPhone sparked explosive mobile internet growth, fundamentally changing how people interact with technology, make payments, socialize, and consume.

On December 7, CME’s FedWatch Tool shows the probability of a 25-basis-point (bps) Federal Reserve rate cut in December stands at 86.2%, while the chance of holding rates steady is 13.8%. The Fed will announce its interest rate decision (covering the period through December 10) at 3:00 a.m. Beijing time on December 11. The expected federal funds rate is 3.75%, down from the prior 4.00% level. Fed Chair Jerome Powell will hold a monetary policy press conference at 3:30 a.m. Beijing time the same day.

On December 7, Cointelegraph reported that analyst TXMC noted the technical indicator "Liveliness" is trending upward—a pattern that historically signals bull market activity, suggesting the current crypto cycle may not be over yet. "Despite the recent price downturn, on-chain activity levels for this cycle continue to rise," TXMC stated. "This indicates underlying demand for spot Bitcoin remains strong, though it hasn’t yet translated to price action." The analyst explained the indicator functions like a long-term moving average of on-chain activity, comparing cumulative on-chain spending and holding behavior across all market cycles. TXMC added, "Liveliness rises when overall token on-chain transaction volume increases; it falls when more tokens are being held—with weights based on the age of those assets. In bull markets, Liveliness typically climbs as supply changes hands at higher price points, a sign fresh capital is consistently flowing into the market."

On December 7, data from Coinglass shows the Coinbase Bitcoin Premium Index has held a positive premium for 5 straight days, currently at 0.0278%. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a major U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. market capital inflows, institutional investment interest, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price is higher than the global average, typically signaling: strong buying pressure in the U.S. market, active participation from institutions or compliant funds, ample USD liquidity, and slightly optimistic investment sentiment. A negative premium, by contrast, indicates Coinbase’s price is below the global average, often reflecting: heavy selling pressure in the U.S. market, reduced investor risk appetite, rising market risk aversion, or fund outflows.

On December 7th, Binance announced an update to its December 2025 Reserve Report, disclosing the following reserve rates: - Bitcoin (BTC): 102.11% - Tether (USDT): 109.16% - Ethereum (ETH): 100% - BNB: 112.32% This version aligns with U.S. English brevity for news alerts, clarifies token names for readability, and uses a clean bullet format common in quick updates.

Ethereum’s centralized exchange reserves have hit an all-time low, sparking analyst warnings of a supply squeeze, per the latest data. As of last Thursday, ETH reserves on exchanges dropped to just 8.7% of circulating supply—its lowest level since the network launched in 2015. The figure remained at 8.8% as of Sunday, staying in an extremely low range. Since July, ETH exchange balances have plummeted 43%. Concurrently, institutional and Digital Asset Treasury (DAT) holdings have seen notable growth. Research firm Milk Road noted: “ETH is quietly entering the most supply-constrained environment in its history—this is unprecedented.” By contrast, Bitcoin’s exchange reserves still sit at 14.7%. Analysts point to large amounts of ETH locked in illiquid scenarios (where quick selling isn’t possible), including: - Staking & restaking - Layer 2 activities - DAT treasuries - Mortgage loops - Long-term custody Milk Road added that a supply squeeze could push prices high