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1Bitget Daily Digest (Dec. 11)｜The Federal Reserve announced a 25 bps cut to the benchmark rate; Bitmine purchased 33,504 ETH; CBOE has approved the listing and registration of the 21Shares XRP ETF2Conflicted Fed cuts rates but Bitcoin’s ‘fragile range’ pins BTC under $100K3Full text of the Federal Reserve decision: 25 basis point rate cut, purchase of $4 billion in Treasury bills within 30 days
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Flash
- 15:00Tom Lee predicts the S&P 500 will reach 7,700 points by 2026On December 11, it was reported that Tom Lee expects the S&P 500 index to reach 7,700 points by 2026, which would extend the bull market into its fourth year, representing an 11.8% increase. He believes that the "wall of worry" effect, strong technology growth driven by artificial intelligence, and the Federal Reserve's potential dovish policies are positive factors driving the market upward. In 2025, the S&P 500 index rose by 17%, with the communication services and technology sectors increasing by 33% and 27%, respectively. Lee is optimistic about the performance of the technology, artificial intelligence, cryptocurrency, materials, energy, and financial sectors in 2026.
- 14:47U.S. stocks open with the Dow slightly up, Oracle plunges and drags down AI stocksChainCatcher news, according to Golden Ten Data, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.05%, the S&P 500 Index fell by 0.37%, and the Nasdaq Composite Index fell by 0.6%. Oracle (ORCL.N) plunged 14% as both its earnings and guidance missed expectations, dragging down AI stocks. NVIDIA (NVDA.O) fell 2%, Intel (INTC.O) dropped 1.9%, and Micron Technology (MU.O) declined 0.95%.
- 14:36dYdX launches Solana spot trading and opens access to US users for the first timeJinse Finance reported that dYdX Exchange has officially launched its first spot trading product, offering the Solana spot market to global users (including, for the first time, users in the United States). As a decentralized exchange with a cumulative trading volume exceeding 1.5 trillion USD, dYdX previously focused mainly on the derivatives market. To attract new users, especially those from the United States, dYdX will waive all trading fees until December 2025.
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