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Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.
Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.
Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.
Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.
Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.
- 11:12Ark Invest: The Proportion of BTC Held by Long-Term Holders Reaches a 15-Year HighAccording to a report by Jinse Finance, Ark Invest stated in its June 2025 Bitcoin Monthly Report that long-term holders (addresses holding BTC for 155 days or more) now account for 74% of the total BTC supply, reaching a 15-year high. This trend indicates that the market is increasingly confident in Bitcoin’s role as a store of value, or “digital gold.”
- 11:08Citi: Fed Minutes May Echo Powell’s Testimony, “Wait-and-See” Period Could End by Late SummerOdaily Planet Daily News: Citi analysts stated that they expect the meeting minutes to suggest that "the interest rate trajectory will depend on data released in June, July, and August," which is consistent with Federal Reserve Chair Powell's remarks during the congressional hearing. Powell has laid the groundwork for a possible rate cut at the Fed's September meeting, provided that price increases caused by tariffs do not show signs of leading to persistent inflation, and the economy continues to create enough jobs to prevent the unemployment rate from rising too quickly. Citi analysts said, "The 'wait-and-see' period may end by late summer." (Jin10)
- 10:59The 1inch team spent a total of 6,648,000 USDC this period to purchase 33,190,000 1INCH tokens at an average price of $0.20According to Odaily Planet Daily, on-chain analyst Ember has monitored that since July 6, the 1inch team investment fund has spent a total of $4.4 million to purchase 22.99 million 1INCH tokens, resulting in a 14% increase in the price of 1INCH (from $0.18 to $0.206). Yesterday, the 1inch team investment fund transferred 3 million USDC to an exchange, and three hours ago withdrew 4.746 million 1INCH tokens (worth $962,000). The USDC transferred to the exchange has not yet been fully used to purchase 1INCH and withdraw to the address, indicating that their buying activity is still ongoing. Including the 1INCH tokens purchased by the team between February and April, they have used a total of 6.648 million USDC to buy 33.19 million 1INCH tokens during this cycle, at an average price of $0.20.