Odaily Planet Daily reports that the Australian Bitcoin Industry Association has filed a formal complaint against an ABC News article, alleging that it contains "numerous factual errors" and "biased reporting." The controversial ABC article claims that Bitcoin "has no practical use" and is primarily used by "those who operate in the shadows." The association is calling on ABC News to issue a correction and to incorporate expert opinions in future cryptocurrency coverage. (Decrypt)

Odaily Planet Daily reports that ADP, a payroll processing company, will release the latest U.S. private sector employment data at 9:15 PM Beijing time on Wednesday, which is expected to show that the labor market remained relatively stable in November. With fewer economic data on hand than usual, Federal Reserve officials may face further disagreements when setting interest rates next week. Analysts believe that if the data does not show a significant decline in employment, Fed officials concerned about inflation remaining above the 2% target may have more reason to believe that maintaining stable interest rates next week is the right direction. (Jinshi)

Huoxun Finance News, December 3rd – According to official news, cryptocurrency exchange Bybit announced today that it has officially integrated with KomainuConnect, a collateral management platform launched by regulated digital asset custodian Komainu (backed by LaserDigital and Blockstream). This provides institutional clients with an integrated solution for asset custody and 24/7 secure trading. Through this collaboration, institutional investors can execute trades instantly on Bybit while their assets remain fully held by a regulated third-party custodian, further reducing counterparty risk. Leveraging an automated off-chain settlement mechanism, clients do not need to pre-deposit funds with the exchange before trading, significantly improving capital efficiency. Komainu continues to expand its KomainuConnect ecosystem through deep technical integration with exchanges, lending institutions, and brokerages, enabling institutional clients to access a wide range of market counterparties faster and more seamlessly. Key advantages of the partnership include: 100% collateral mirroring: real-time synchronization of assets between custodial wallets and exchange accounts; off-chain automatic settlement: transactions can be completed without pre-depositing funds into the exchange; transparency and legal clarity: assets are stored on-chain in independent, bankruptcy-isolated wallets; global asset view: providing clients with a clearly differentiated custodial and collateralized wallet structure; and broad asset coverage: supporting an ever-expanding list of institutional-grade assets. Paul Frost Smith, Co-CEO of Komainu, stated, “As institutions increasingly demand security and compliance, KomainuConnect seamlessly combines compliant custody with efficient trading. Bybit’s involvement further solidifies our commitment to building a secure and efficient market environment.” Yoyee Wang, Head of Corporate Business at Bybit, said, “Trust and security have always been at the heart of serving institutional clients. Our partnership with Komainu is an important step in listening to our clients’ needs and continuously strengthening our capabilities, providing them with a comprehensive solution that combines regulated custody with flexible and efficient trading.”

According to Huoxun Finance on December 3, OnchainLens reported that a wallet associated with Justin Sun (@justinsuntron) withdrew 100 million TRX (worth $27.96 million) from Binance, along with 5 million USDT.

According to Lookonchain monitoring, trader 0xFC78, who previously maintained a nine-game winning streak, has now suffered two consecutive losses – not only giving back all of his profits exceeding $1.78 million, but also incurring a further loss of $117,000 in principal. He appears to be engaging in retaliatory trading, having opened: a 30x leveraged short position of 200 BTC (worth $18.75 million); and a 20x leveraged short position of 5,000 ETH (worth $15.26 million). Liquidation prices: BTC $94,721.61, ETH $3,229.41.