The cryptocurrency market experienced a surge in activity, stimulated by both macroeconomic policy expectations and platform events. From the increased probability of a December rate cut by the Federal Reserve, to the charity airdrop triggered by the unfreezing of funds on MEXC, and the numerous listings and application events on Momentum, Bitget, and Coinbase, today's hot topics intertwined to paint a vibrant picture of the Web3 ecosystem. Investors should seize these opportunities while remaining wary of price volatility risks. The following is a summary of key information for the day.
The probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 67.3%, with the market betting on a continuation of accommodative policies.
According to CME's FedWatch tool, the probability of the Federal Reserve keeping interest rates unchanged at its December meeting is 32.7%, while the probability of a 25 basis point rate cut has climbed to 67.3%. This data reflects the market's optimistic expectations for a soft landing of the US economy, which may further boost the performance of risk assets such as Bitcoin and altcoins. Historical data shows that similar rate-cutting signals often drive a short-term rebound in the crypto market. Investors should pay attention to the further impact of subsequent non-farm payroll data on the probabilities.
MEXC unfrozen over $3 million in "The White Whale," with traders announcing a full donation and initiating an airdrop mechanism.
Cryptocurrency trading platform MEXC issued a public apology today and confirmed that it has unfrozen over $3 million in funds from the account of well-known trader "The White Whale". The dispute stemmed from July 2025, when MEXC froze the trader's account citing "risk control" and even required in-person KYC verification, sparking continuous protests from the trader since August.
Following Chief Strategy Officer Cecilia Hsueh's public apology, "The White Whale" announced it would donate all recovered funds: half through its NFT campaign to return to early supporters, and the remainder to verified nonprofit organizations. More notably, it plans to launch an airdrop distribution mechanism and community voting system in the coming days, potentially transforming it into a community-driven philanthropic airdrop extravaganza that helps MEXC repair its reputation while inspiring more users to participate in Web3 philanthropy.
Momentum Wave 1 airdrop starts today at 19:00. Participants on multiple platforms can claim their rewards quickly.
The Momentum project officially opened the Wave 1 airdrop claim channel today at 19:00 Beijing time (11:00 UTC), which will continue until 11:00 UTC on February 4, 2026. As the pre-TGE phase of the MMT Token, this airdrop is open to participants through multiple channels: Binance MMT Pre-TGE priority sale users can claim through the Binance wallet rewards system; BuidlPad MMT community sale participants can claim their quota by logging into the BuidlPad platform; OKX wallet activity participants and WAGMI Q1 users can do so through the official portal.
This airdrop mechanism aims to reward early builders and is expected to inject liquidity, driving the expansion of the MMT ecosystem. Users are reminded to ensure their wallet connection is secure before claiming to avoid congestion before the deadline.
Bitget VIP exclusive PoolX launched, locking up BTC to unlock 1.32 million BAY tokens
Bitget launched a new VIP-exclusive PoolX event today, allowing users to unlock 1,320,000 BAY tokens by locking up BTC, with a maximum lock-up of 20 BTC. The lock-up period ends at 18:00 Beijing time (UTC+8) on November 8th. Users who participated in the BTC subscription and have a positive net deposit will also receive an additional 5% BTC investment interest rate bonus coupon. The net deposit channel will be open until 16:00 (UTC+8) on November 6th.
As part of the BAY Carnival, this event connects traditional assets with emerging tokens, attracting high-net-worth individuals. BAY/USDT trading began on November 1st and is expected to further amplify the airdrop effect.
Coinbase officially launched Kite (KITE), allowing users to instantly buy, sell, and store data.
Coinbase announced today that it has launched spot trading of Kite (KITE), allowing users to buy, sell, exchange, transfer, and store tokens through its website and app. Trading will commence on November 3, 2025 (local time). KITE, an AI-driven blockchain token, is currently priced at approximately $0.89, but it fell 15% on its first day of trading, hitting the $0.07 support level. Analysts predict that if it holds this key support level, KITE may rebound to the $0.50-$0.80 range by the end of the year.
This launch signifies Coinbase's continued expansion into the AI and DeFi categories, offering investors an opportunity to position themselves, but caution is advised regarding potential price volatility following the airdrop.
Conclusion: Opportunities and risks coexist; the crypto winter is gradually warming up.
The events of November 4th, from the Federal Reserve's macroeconomic support to MEXC's philanthropic turnaround, and the platform frenzy surrounding airdrops and new listings, collectively outline the recovery of the crypto market. Airdrop applications are limited; users are advised to act promptly while diversifying their risk. Looking ahead to December, with interest rate cuts anticipated, more cryptocurrency-stock price movements are likely. Continue to monitor market trends and invest rationally to capitalize on the momentum.
