1. The Federal Reserve announced a 25 basis point cut in the benchmark interest rate to 4.25%~4.5%, in line with market expectations. Powell stated that they may be close to slowing down interest rate cuts.
2. After the U.S. presidential election, the cryptocurrency market welcomed good news, with Trump's victory bringing new opportunities for the crypto industry.
3. BlackRock holds over 1 million ETH through its iShares Ethereum Trust ETF, showing ongoing confidence in Ethereum.
BlackRock's iShares Ethereum Trust ETF currently holds over 1 million ETH, totaling 1,025,378 ETH (approximately $4.04 billion).
4. The Federal Reserve FOMC released median unemployment rate projections for 2024 to 2026, which are 4.2%, 4.3%, and 4.3%, respectively.
The Federal Reserve FOMC economic expectations: The median unemployment rate projections for the end of 2024 to 2026 are 4.2%, 4.3%, and 4.3%, respectively.
5. BlackRock ETF made its first purchase of municipal bonds issued through blockchain, marking a growing interest from traditional financial institutions in blockchain technology.
6. The Hong Kong Legislative Council's first reading of the Stablecoin Regulation Bill further consolidates its position as a global center for stablecoin regulation.
The Hong Kong Legislative Council will conduct the first reading of the Stablecoin Regulation Bill today, aimed at introducing a regulatory framework for fiat-backed stablecoin issuers in Hong Kong. OSL Executive Director and Head of Regulatory Affairs, Diao Jiajun, expressed that Hong Kong has clear advantages in developing stablecoins, primarily because multiple companies, including OSL, have already become licensed entities under the Securities and Futures Commission. The legal framework for intermediary regulation is in place in Hong Kong, while some Western countries are still in the discussion phase, and the U.S. currently faces many uncertainties. The advancement of this legislative process will further consolidate Hong Kong's position as a global center for stablecoin development and regulation.
7. MicroStrategy founder Michael Saylor stated that the company achieved a 46.4% BTC yield and is considering implementing a new purchasing plan.
MicroStrategy founder Michael Saylor posted on social media that so far this quarter, MSTR's treasury operations achieved a 46.4% BTC yield, with net gains of approximately 116,940 BTC. At a price of $105,000 per BTC, this amounts to about $12.28 billion.
8. Federal Reserve Chairman Powell pointed out that the overall economic performance is strong, and inflation is closer to the 2% target.
Federal Reserve Chairman Powell: The overall economic performance is strong, and inflation is closer to the 2% target.
9. U.S. crypto-related stocks fell ahead of the market, affected by market volatility.
10. A former South Korean lawmaker was sentenced to six months in prison for concealing a large amount of cryptocurrency assets, reflecting a strict regulatory attitude towards cryptocurrencies.
Former South Korean Democratic Party lawmaker Kim Nam-guk faces legal consequences for concealing a large amount of cryptocurrency assets, reflecting South Korea's strict attitude towards cryptocurrency regulation. According to local reports, prosecutors have proposed a six-month prison sentence for Kim Nam-guk on charges of deliberately altering asset declarations submitted to the National Assembly, concealing cryptocurrency assets worth $7.5 million.
11. MicroStrategy may suspend Bitcoin purchases in January due to the impact of internal trading blackout periods.
Vance Spencer, co-founder of Framework Ventures, stated on the X platform that MicroStrategy (MSTR) may not sell stock or issue new convertible debt through ATM in January next year to fund Bitcoin purchases. If Spencer's claim is true, it may worry some long-term MicroStrategy shareholders who have been expecting the company to buy Bitcoin weekly. Researchers speculate that the so-called prohibition on issuing new convertible bonds is related to insider trading rules. Although the SEC does not prohibit insiders from trading during the earnings report season (assuming all other disclosures are current), many companies have set their own internal trading blackout periods as a Wall Street practice. These blackout periods typically last two weeks to a month, and most companies allow internal trading again within two days after quarterly earnings announcements. These self-imposed quiet periods help companies avoid suspicions that their employees are using non-public information for personal gain. Others speculate that the internal trading blackout period is actually unrelated to insider trading rules but is related to recommendations from the committee after MicroStrategy was added to the Nasdaq 100 index on December 23. Regardless, MicroStrategy has scheduled earnings announcements between February 3 and 5, 2025. Some believe the blackout period will last the entire month of January or for 30 days before the earnings call; others believe it will start on January 14, but some even doubt whether any blackout period exists.
12. Hong Kong's HashKey Group launched the Ethereum Layer 2 HashKey Chain, promoting the development of blockchain technology.
HashKey Group has launched its Ethereum Layer 2 HashKey Chain on the mainnet. HashKey is building its own Layer 2 network using OP Stack alongside other cryptocurrency companies like Coinbase and Kraken.
13. Deutsche Bank plans to launch a public permissioned L2 blockchain to address financial compliance issues.
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