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There are truly no creative bottlenecks in the financialization of Web3.
DiDi has successfully transformed into a digital banking giant in Latin America by addressing the lack of local financial infrastructure, building an independent payment and credit system, and achieving a leap from a ride-hailing platform to a financial powerhouse. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
The Federal Reserve cut interest rates by 25 basis points, but the market interpreted the move as hawkish. Bitcoin is constrained by a structurally fragile range, making it difficult for the price to break through $100,000. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The Federal Reserve cut interest rates by 25 basis points with a 9-3 vote. Two members supported keeping rates unchanged, while one supported a 50 basis point cut. In addition, the Federal Reserve has restarted bond purchases and will buy $40 billion in Treasury bills within 30 days to maintain adequate reserve supply.
The launch of HyENA further expands the USDe ecosystem and brings institutional-grade margin efficiency to the on-chain perpetuals market.
- 23:46Bitmine purchases another 33,504 ETH from FalconX, worth $112 millionAccording to ChainCatcher, market sources report that Bitmine has once again purchased 33,504 ETH from FalconX, valued at 112 million US dollars.
- 23:44Overview of Major Overnight Developments on December 1121:00 (UTC+8) - 7:00 Keywords: rate cut, Powell, dot plot, Meta 1. Powell: Inflation levels remain elevated; 2. Fed 2025 year-end conclusion: rate cut of 25BP as expected; 3. Zuckerberg instructs Meta to abandon open-source artificial intelligence; 4. Fed dot plot median: cumulative rate cut of 25 basis points in 2026; 5. US CFTC chairman confirms bitcoin can be used as collateral in the derivatives market; 6. Fed dot plot forecasts show a 25 basis point rate cut each in 2026 and 2027; 7. Powell: The Fed will make decisions meeting by meeting, there is no predetermined path for monetary policy; 8. Fidelity: Buyers purchased about 430,000 bitcoins near $85,500, which may be an important support level.
- 23:41a16z Crypto establishes its first office in South KoreaChainCatcher News, according to Bloomberg, venture capital firm a16z Crypto will open an office in Seoul, South Korea, joining the growing number of digital asset companies expanding into Asia. a16z Crypto Chief Operating Officer Anthony Albanese stated that the region "now accounts for a significant share of global cryptocurrency activity. In the coming years, we plan to expand our business presence in Asia, enhance new capabilities to support the crypto companies we operate locally, and continue to explore new ways to expand our geographic footprint." Albanese noted that South Korea is the second largest cryptocurrency market, with nearly one-third of Korean adults holding cryptocurrencies. The company has appointed Sungmo Park to lead its Asia-Pacific operations. Park was previously the head of Asia-Pacific at Monad Foundation, which operates its own blockchain.