● The U.S. core PCE price index annual rate for November is 2.8%, lower than expected
According to PANews, the U.S. core PCE price index annual rate for November is 2.8%, lower than the expected 2.90%, and unchanged from the previous value.
The U.S. core PCE price index for November increased by 0.1%, lower than the expected 0.20%, and the previous value was 0.30%.
According to Odaily Planet Daily, the U.S. PCE and core PCE data fell below expectations across the board. Traders continue to bet that the Fed will pause rate cuts in January and have increased bets on rate cuts in March. Another rate cut is expected in October.
● Fed's Goolsbee: Interest rates may decline significantly in the next 12 to 18 months
According to ChainCatcher, Fed's Goolsbee stated that the interest rate path for 2025 is expected to be slightly lower. Rates may decline significantly in the next 12 to 18 months.
● Fed's Daly predicts two rate cuts in 2025
According to Odaily Planet Daily, Fed's Daly stated that the current 100 basis points rate cut is appropriate, and the calibration phase has ended. The Fed is satisfied with the prediction of two rate cuts in 2025. Daly noted that they will wait cautiously before further rate cuts. She predicts that the number of rate cuts next year will be much lower than previously expected.
● Report: Institutions to purchase 859,000 bitcoins in 2024
According to ChainCatcher, a report from K33 Research shows that institutional participants purchased 859,454 bitcoins in 2024, accounting for 4.3% of its total circulating supply. Most were bought by spot trading funds and companies like MicroStrategy.
● Metaplanet issues 5 billion yen zero-interest bonds to accelerate bitcoin purchases
According to Deep Tide TechFlow, on December 20, Japanese listed company Metaplanet announced it will issue the fifth tranche of zero-interest ordinary bonds totaling 5 billion yen. The funds raised will be used to accelerate bitcoin purchases, with the bonds maturing on June 16, 2025. The company plans to ensure the repayment of the bonds through the proceeds from the exercise of the 12th tranche of warrants.
● Tether plans to launch AI platform website by the end of Q1 next year
According to Odaily Planet Daily, Tether CEO Paolo Ardoino stated that Tether's AI platform website is expected to launch by the end of Q1 next year.
Binance Blog released a latest article exploring the risks of infinite authorization in Web3 and how to protect assets. In decentralized finance (DeFi), the use of infinite authorization poses significant security risks to users' funds. Especially when users grant unlimited fund management rights to smart contracts, if there is a security vulnerability on the platform or contract, hackers can easily exploit these authorizations to withdraw funds, and even future deposits may suffer losses.
Smart contracts on the Ethereum Virtual Machine (EVM) chains, despite being widely used in various decentralized applications, also have inherent security risks that make the problem of infinite authorization particularly serious. Vulnerabilities in smart contracts and social engineering attacks are the two main attack methods, allowing hackers to gain control over users' funds.
To mitigate these risks, users should regularly review and revoke unnecessary authorizations, avoiding granting infinite authorization to unfamiliar projects. To enhance security, using tools like Binance Wallet can provide real-time alerts for revoking risky authorizations and offer additional protective measures. Staying vigilant and taking proactive protective measures is key for Web3 users to ensure the safety of their funds.
