U.S. November non-farm payrolls and unemployment rate both exceeded expectations. The unemployment rate in November hit 4.6%, the highest since September 2021. Seasonally adjusted non-farm payrolls for November recorded 64,000, higher than the market's general expectations. Check out Frank's analysis below for more details—super professional. Next up, the CPI data becomes even more critical. In my personal opinion, if CPI drops, there will be greater rate cuts and easing measures. If CPI doesn’t drop, the number of rate cuts will be more limited, but implicit easing will still exist. Aside from this boring waiting game, keep a close eye on the trends and developments in U.S. stocks. An improvement in U.S. stock market sentiment will simultaneously boost the overall sentiment in the crypto market. With improved sentiment, funds will flow in, and crypto innovation will follow. Additionally, as the integration of the U.S. financial and crypto industries accelerates, will new models emerge that showcase the takeoff of the financial industry and ultimately bring value transmission to the crypto sector? That’s what I’m most looking forward to.