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The market originally expected a "hawkish rate cut" from the Federal Reserve, but in reality, there were no additional dissenters, no higher dot plot, and the anticipated tough stance from Powell did not materialize.
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.
- 07:42In the interim report of the second "MEET48Best7" large-scale voting event, MEET48's event dApp ranked second in the DappBay social track UAW ranking.BlockBeats News, December 11, according to the official announcement from MEET48, the world's first AIUGC and fan economy ecosystem community focused on the entertainment sector, the second "MEET48 Best7: Stage of Light" large-scale voting event has concluded its second phase today and released a mid-term report. As of 12:00 noon on the same day, according to data from DappBay, MEET48's event dApp recorded 404.76K transactions (TXN) in the past 30 days, with 402.04K unique active wallet addresses (UAW), ranking second in the BSC ecosystem's social track dApps for UAW in the past 30 days. The "MEET48 Best7: Stage of Light" voting event is still ongoing, and the final results will be announced at 4:00 UTC on December 25. Fans can log in to the official MEET48 website and download the MEET48 APP, use $IDOL to exchange for voting tickets, and vote for participating idols (only SNH48 Group idols) on the event page. Idols who rank in the Top 7 in the final voting will receive official event rewards, while the Top 3 idols will receive rewards such as studio-recorded songs, overseas travel Vlogs, and themed photo shoots, creating a stage of light in the Web3 world.
- 07:41Data: Hyperliquid platform whales currently hold $4.868 billions in positions, with a long-short ratio of 0.94According to ChainCatcher, citing Coinglass data, the current whale positions on the Hyperliquid platform amount to $4.868 billions, with long positions at $2.359 billions, accounting for 48.47% of the total, and short positions at $2.509 billions, accounting for 51.53%. The profit and loss for long positions is -$164 millions, while the profit and loss for short positions is $265 millions. Among them, the whale address 0xb317..ae is holding a 5x leveraged full position long on ETH at the price of $3,177.89, with an unrealized profit and loss of $2.6905 millions.
- 07:40Paradex CEO: Why DEXs Are Replacing Wall StreetChainCatcher reported that recently, Anand Gomes, co-founder and CEO of Paradigm and Paradex, was interviewed by well-known YouTube host When Shift Happens, where he revealed the reason why decentralized exchanges (DEX) have become the new Wall Street—they integrate banks, brokerages, and clearinghouses into a single platform, and do not charge any fees. At Paradigm, Anand created the first crypto derivatives trading platform for institutional investors, with a cumulative trading volume exceeding $45 billions. He also co-founded the high-performance decentralized exchange Paradex. Since its launch in October 2023, Paradex has achieved a daily average trading volume of $100 millions across 55 active perpetual contract markets.