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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.
- 13:19Bedrock: Special Airdrop Compensation for Users Experiencing Significant Price Differences Due to Market Volatility or Slippage During BR Price FluctuationsChainCatcher reports that Bedrock posted on the X platform: "Recently, the price of BR on decentralized exchanges has experienced significant volatility. In response, we have proactively disclosed the project team's wallet address to enhance transparency and allow the community to monitor fund movements in real time." To further support users trading in the PancakeSwap BR/USDT liquidity pool, we will launch the following initiative: a special airdrop program for PancakeSwap BR/USDT traders. During periods of extreme price fluctuations, users who experience significant price differences due to market volatility or slippage will be eligible for special airdrop compensation. The specific rules and distribution plan for the airdrop will be announced and completed in the coming days."
- 13:19Story partners with World to address AI-generated content infringementOdaily Planet Daily reports that the Story network has partnered with the digital identity project World to integrate the World ID digital identity solution into Story’s Layer 1 network focused on intellectual property. This collaboration aims to address intellectual property infringement issues arising from AI-generated content. Through this partnership, creators can not only verify the IP in their wallets but also independently set usage and payment terms for their intellectual property. This feature is expected to launch in the fall of 2025. (The Block)
- 13:19Market News: ASX-listed DigitalX to Acquire $20.7 Million Worth of BTCOdaily Planet Daily reported that BitcoinTreasuries.NET posted on X, stating that the Australian listed company DigitalX will acquire BTC worth $20.7 million. This move will propel the company to 50th place on the BTC TOP 100 list.