The cryptocurrency market is experiencing a wave of activity driven by dual stimuli from macro policy expectations and platform activities. From the rising probability of a Federal Reserve rate cut in December to the public airdrop triggered by the thawing of funds on MEXC, and the multiple launches and claim events from Momentum, Bitget, and Coinbase, today's hot events weave a vibrant tapestry of the Web3 ecosystem. Investors need to seize these opportunities while being wary of price volatility risks. Below is a summary of the key news for the day.

Federal Reserve's Probability of 25 Basis Point Rate Cut in December Rises to 67.3%, Market Bets on Continued Easing Policy

According to the CME "FedWatch" tool, the probability of the Federal Reserve maintaining interest rates 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 U.S. economy, which may further boost the performance of risk assets such as Bitcoin and altcoins. Historical data shows that similar rate cut signals often drive short-term rebounds in the crypto market, and investors should pay attention to the subsequent impact of non-farm payroll data on these probabilities.

MEXC Thaws Over $3 Million from "The White Whale," Trader Announces Full Donation and Launches Airdrop Mechanism

Cryptocurrency exchange MEXC publicly apologized today and confirmed that it has thawed over $3 million in funds from the well-known trader "The White Whale." This dispute originated in July 2025 when MEXC froze his account under the pretext of "risk control," even requiring offline KYC verification, leading to the trader's ongoing protests since August.

After a public apology from Chief Strategy Officer Cecilia Hsueh, "The White Whale" announced that he would fully donate the recovered funds: half will be returned to early supporters through his NFT activities, and the remaining portion will be donated to verified non-profit organizations. More notably, he plans to launch an airdrop claim mechanism and community voting system in the coming days, which could transform into a community-driven public welfare airdrop feast, helping MEXC restore its reputation while encouraging more users to participate in Web3 philanthropy.

Momentum Wave1 Airdrop Opens Today at 19:00, Multi-Platform Participants Rush to Claim Rewards

The Momentum project officially opened the Wave1 airdrop claim channel today at 19:00 Beijing time (UTC 11:00), which will last until February 4, 2026, at 11:00 UTC. As part of the pre-TGE phase for the MMT Token, this airdrop targets multi-channel participants: Binance MMT Pre-TGE priority sale users can claim through the Binance wallet reward system; BuidlPad MMT community sale participants can log into the BuidlPad platform to claim their allocation; OKX wallet activities and WAGMI Season 1 users can operate 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 wallet connection security before claiming to avoid congestion before the deadline.

Bitget Launches VIP Exclusive PoolX, Locking BTC Unlocks 1.32 Million BAY Tokens

Bitget today launched a new VIP exclusive PoolX activity, where users can unlock 1,320,000 BAY tokens by locking BTC, with a maximum lock-up of 20 BTC. The lock-up channel will close at 18:00 Beijing time on November 8 (UTC+8). Users who previously participated in BTC purchases and had a positive net recharge will also receive an additional 5% BTC financial interest coupon, with the net deposit channel open until 16:00 on November 6 (UTC+8).

As part of the BAY Carnival, this activity connects traditional assets with emerging tokens, attracting high-net-worth users to participate. The BAY/USDT trading has already started on November 1, and is expected to further amplify the airdrop effect.

Coinbase Officially Launches Kite (KITE), Users Can Buy, Sell, and Store Instantly

Coinbase announced today that it has launched spot trading for Kite (KITE), allowing users to buy, sell, exchange, transfer, and store through the official website and app. Trading started on November 3, 2025 (local time), with KITE, an AI-driven blockchain token, currently priced at approximately $0.89, but it fell 15% on its first day of listing, hitting a support level of $0.07. Analysts predict that if it holds the key support, KITE may rebound to the $0.50-$0.80 range by the end of the year.

This launch marks Coinbase's continued expansion into AI and DeFi categories, providing investors with an opportunity to position themselves, but caution is advised regarding post-airdrop price volatility.

Conclusion: Opportunities and Risks Coexist, Crypto Winter Gradually Warms

The events of November 4, from the Federal Reserve's macro-positive signals to MEXC's philanthropic turnaround, and the platform festivities of airdrops and launches, collectively outline the contours of a recovering crypto market. The airdrop claim window is limited, and users are advised to act promptly while diversifying risks. Looking ahead to December, as rate cut expectations materialize, more coin-stock correlations may unfold. Keep a close eye on market dynamics and invest rationally to ride the wave.

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