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Although this rate cut was as expected, there was an unusual split within the Federal Reserve, and it hinted at a possible prolonged pause in the future. At the same time, the Fed is stabilizing year-end liquidity by purchasing short-term bonds.
The surge in LUNA’s price and huge trading volume are not a result of fundamental recovery, but rather the market betting with real money on how long Do Kwon will be sentenced on the eve of his sentencing.
What have foreigners been most concerned about in the past 24 hours?
Cyber co-founder starts a new venture.
A cryptocurrency practitioner who once held libertarian ideals became disillusioned after reflecting on a career spent building "financial casinos," sparking a profound reflection on the divergence between the original aspirations and the current reality of the crypto space.
Powell pointed out that the U.S. labor market is cooling, with hiring and layoffs slowing down and the unemployment rate rising to 4.4%. Core PCE inflation remains above the 2% target, but service inflation is slowing. The Federal Reserve has cut interest rates by 25 basis points and started purchasing short-term Treasury bonds, emphasizing that the policy path needs to balance risks between employment and inflation. Future policies will be adjusted based on data. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.
The surge in LUNA's price and the enormous trading volume were not a fundamental resurgence but rather the market placing a bet in the form of significant money and assets on the eve of Do Kwon's sentencing, speculating on how long he will be sentenced for.
While this interest rate cut was as expected, there was a rare internal Federal Reserve divergence, hinting at a potential extended pause in the future. At the same time, they stabilized year-end liquidity by purchasing short-term bonds.
RaveDAO is rapidly growing into an open cultural ecosystem driven by entertainment, becoming a key infrastructure for Web3 to achieve real-world adoption and mainstream breakthrough.
The Federal Reserve has cut interest rates by another 25 basis points as expected, still projecting one rate cut next year, and has launched an RMP to purchase $40 billion in short-term bonds.
- 06:05After frequent vulnerability fixes, Fileverse has now reached a reassuring level, according to Vitalik.Jinse Finance reported that Ethereum co-founder Vitalik Buterin posted on X, saying: "I am impressed by the decentralized open-source crypto documentation tool Fileverse. Every month, more vulnerabilities are fixed, and recently it has finally reached a level where I feel comfortable sending out documents for others to comment on or collaborate with, and things basically don't go wrong. I believe there are more well-run cases than people realize, and Fileverse also has the advantage of being much less dependent on network effects."
- 05:56The U.S. House of Representatives passes the National Defense Authorization Act without including a CBDC ban, drawing dissatisfaction from hardline Republicans.Jinse Finance reported that, according to a certain exchange, the U.S. House of Representatives passed the National Defense Authorization Act (NDAA) on Wednesday with a vote of 312-112, but the bill did not include the previously promised ban on central bank digital currency (CBDC), causing dissatisfaction among hardline Republicans. Republican Congressman Keith Self posted on X, stating, "Conservatives were explicitly promised that strong anti-CBDC language would be included in the NDAA, but this promise was broken." Self had submitted an amendment on Tuesday to include a CBDC ban, but the amendment did not advance and was not voted on in the House. In July this year, the House Republican leadership had reached an agreement with party hardliners, promising to include a CBDC ban in the defense spending bill in exchange for their support of three cryptocurrency bills. Congresswoman Marjorie Taylor Greene also criticized House Speaker Mike Johnson for not fulfilling his promise. The bill has now been sent to the Senate, aiming to pass by the end of the year. Self stated that he will continue to push for a CBDC ban in the next must-pass bill.
- 05:49Satoshi Nakamoto statue installed at the New York Stock ExchangeJinse Finance reported that on December 11, the New York Stock Exchange (NYSE) announced that Twenty One, a Bitcoin treasury company recently listed on the NYSE, has installed a statue of Bitcoin founder Satoshi Nakamoto at the NYSE. The NYSE stated that this move marks the convergence of emerging systems and traditional institutions.