USDT Recognized by Abu Dhabi Regulator as 'Stablecoin'

Wednesday, December 10 U.S. Bureau of Labor Statistics (BLS) data showed Q3 annual labor cost growth slowed to 3.5%—a four-year low—signaling ongoing job market cooling that eases inflationary pressures. Quarter-over-quarter (QoQ) growth came in at 0.8%. The figures reinforce signs of fading job market momentum: many employers are slowing hiring, and some have begun layoffs. For the Federal Reserve, which is expected to announce a rate cut imminently, slower labor cost growth is a positive signal for taming inflation. Prior day’s data showed weaker business hiring, layoffs hitting their highest level since early 2023, and the voluntary quit rate dropping to a 2020 low—reflecting diminished worker confidence in job-hopping. Wage growth has also slowed, with a sharp pullback in younger workers’ salaries particularly notable. (Jin10)

On December 10th, market sources and insiders reported that Meta has leveraged Alibaba’s Tenera model to fine-tune its latest AI model. Alibaba (BABA.N) gained over 4% in pre-market trading, while Meta Platforms (META.O) dipped more than 1%.

On December 10, Aster officially announced that all US Stock Perpetual Contracts (including NVDA, TSLA, AMZN, AAPL, etc.) will have 0% maker fees and 0% taker fees. ### Aster Harvest: Phase 4 Point Rules - **US Stock Perpetual Taker**: 0 fees, no points awarded - **US Stock Perpetual Maker**: 0 fees + points awarded (for providing liquidity to the order book) This initiative is not a limited-time promotion—Aster is focused on building the deepest on-chain liquidity for US Stock Perpetual Contracts.

**Binance CEO CZ Updates on WeChat Hack Incident** On December 10, Binance CEO Changpeng Zhao (CZ) shared an update about a WeChat hack: his little-used account was compromised that morning. Some users who viewed his Moments (similar to a Facebook timeline) and messages blindly bought a meme coin, incurring losses. Expressing regret, CZ said he will personally allocate BNB to airdrop to users who suffered **absolute losses** trading the meme coin on Binance’s non-custodial wallet and Alpha platform *while his account was hacked*. The airdrop will be completed within 24 hours. He added: > “Neither I, Binance’s official account, nor Binance employees will ever recommend any meme coins. These coins lack long-term viability and have no price support. I urge everyone to be cautious when vetting online information and practice responsible investing. I hope no similar reimbursements will be needed going forward.” ### Key Notes on American English Adaptations: 1. **Conciseness**

On December 10, Aster officially announced that all U.S. stock perpetual contracts (including NVDA, TSLA, AMZN, AAPL, etc.) will now feature 0% maker fees and 0% taker fees. ### Aster Harvest: Phase 4 Point System - **U.S. stock perpetual taker trades**: 0 fees, no points awarded - **U.S. stock perpetual maker trades**: 0 fees + points awarded (rewards for providing liquidity via limit orders) This is not a limited-time offer—Aster is building the deepest on-chain liquidity for U.S. stock perpetual contracts.

Dec. 10 — JPMorgan said in a research note that Bitcoin’s recent pullback, paired with rising market panic, does not signal a new crypto winter, but rather a “meaningful correction.” Several short-term drivers behind the recent sell-off include: - ETF outflows tied to basis trading unwinds - Liquidation pressure on overleveraged long positions - Year-end seasonal liquidity crunch - Soft macro conditions ahead of today’s Fed interest rate decision The bank stressed these developments do not point to a structural deterioration in crypto demand. Institutional interest, progress in real-world applications and the tokenization trend all remain robust. JPMorgan believes the market is still in a phase of healthy adjustment—not a return to a bear market cycle.