Good morning!
* According to Syndica's research, total revenues from the Solana DApp in November reached a record 365 million dollars.
* The Federal Reserve announced an interest rate ceiling of 4.50%, expected 4.50%, previous value 4.75%.
The FED has again lowered interest rates by 25 basis points.
* Powell's STATEMENTS were more POSITIVE compared to the ECONOMIC PROJECTIONS.
Powell stated that they managed to AVOID the RECESSION and expects another "very good year."
Powell highlighted that there are no reasons to believe that a recession is likely and emphasized that the U.S. economy is performing very well.
"What is driving the slower rate-cutting process is stronger economic growth and lower unemployment."
Expects that INFLATION may take between 1 and 2 years to reach 2%.
Emphasized the importance of monitoring the labor market, which is gradually cooling, as part of the decision-making process.
Comments that they can ease monetary policy more quickly if the labor market weakens or if inflation falls more rapidly.
KEY to avoid recession so the market CONTINUES TO RISE.
* Jerome Powell states that "the FED is not ALLOWED to hold Bitcoin."
* According to Arkham, on December 19 at 3:45 UTC+8, Trump family's crypto project, World Liberty, exchanged the previously acquired 102.9 cbBTC for 103,149 WBTC through Cow Protocol.
* According to TechCrunch, Avara, the development company behind Aave, Lens, and Family, has completed a funding round of 31 million dollars.
* According to Bloomberg, Germany's largest bank, Deutsche Bank, is developing an Ethereum L2 blockchain based on ZKsync.
* Binance Alpha has announced the second batch of projects, which includes: CKP on BNBChain; GEAR, SD, SYRUP on Ethereum; FARTCOIN on Solana.
* Hong Kong APPROVES four more exchanges for Bitcoin and cryptocurrencies.
* According to Protos, market rumors indicate that MicroStrategy (MSTR) could enter a suspension period in January 2025.
* Hong Kong regulators have APPROVED and listed 4 new cryptocurrency trading platforms $BTC
* According to DLNews, the Australian Securities and Investments Commission (ASIC) sued Binance, accusing it of improperly classifying more than 500 retail clients.
* On December 17, the spot ETF of $ETH had a total net inflow of 145 million dollars.
* On December 17, the spot ETF of #Bitcoin! had a total net inflow of 494 million dollars.
* A MEMBER of the European Union proposes to have a STRATEGIC RESERVE of Bitcoin in the EUROPEAN PARLIAMENT.
"Donald Trump will create a Strategic Bitcoin Reserve. What is the EU doing? It is time to change the paradigm and protect our people from inflation."
* According to Bitcoin Magazine, the Bitcoin Policy Institute has drafted a presidential executive order for the Trump administration to include Bitcoin in the strategic reserve assets of the United States.
* Trump has met with the CEO of Cryptocom to discuss the possibility of creating a Strategic Bitcoin Reserve.
If you liked the content, you can leave a like and follow me! Thank you ❤️❤️❤️