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On Dec 21, 2024, 13:18 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,400 USDT and is now trading at 3,393 USDT, with a narrowed narrowed 5.45% increase in 24 hours.

According to PANews, the Fear and Greed Index has decreased to 73 today, down from 74 yesterday, yet it remains in the 'Greed' category. The index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media trends (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google search trends (10%).

According to CoinMarketCap data, the global crypto market cap is $3.41T, a 6.60% increase over the last day.Bitcoin (BTC) has traded between $92,233 and $99,541 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $98,448, up by 3.46%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include DF, ZEN, and COW, up by 98%, 51%, and 49%, respectively.Top stories of the day:U.S. Inflation Eases to 2.4% in November, Below ExpectationsSEC Commissioner Hester Peirce Signals Optimism for Ethereum ETF Staking Under New LeadershipU.S. Avoids Government Shutdown as Senate Passes Budget DealMicroStrategy CEO Proposes U.S. Digital Asset Framework and Bitcoin ReserveFederal Reserve's Shift Impacts Markets, Bitcoin Experiences DeclineSenator Lummis Advocates Strategic Bitcoin Reserve for Debt RepaymentFed's Goolsbee Predicts Inflation to Reach 2% Amid Temporary Fluctuations Quantum BioPharma Invests $1 Million in Cryptocurrency Fear And Greed Index Drops To 73 Indicating Continued GreedFederal Reserve's Williams Indicates Potential for Further Rate CutsMarket movers:ETH: $3468.78 (+5.45%)XRP: $2.3069 (+5.54%)BNB: $679.71 (+5.58%)SOL: $195.28 (+6.80%)DOGE: $0.33627 (+14.01%)ADA: $0.9582 (+15.72%)TRX: $0.2514 (+4.97%)AVAX: $41.07 (+12.67%)LINK: $23.9 (+11.21%)TON: $5.533 (+12.62%)

According to BlockBeats, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $118 million over the past 12 hours. Of this amount, long positions accounted for $43.14 million, while short positions saw liquidations amounting to $73.84 million.

According to PANews, Quantum BioPharma Ltd., a publicly traded biopharmaceutical company listed on NASDAQ and CSE under the ticker QNTM, has announced the purchase of $1 million worth of Bitcoin and other cryptocurrencies. This decision, approved by the company's board of directors, is part of its strategic initiatives. The company plans to facilitate future financing and transactions using cryptocurrencies. All acquired digital assets are entrusted to a fully compliant custodian, ensuring adherence to financial and audit regulations for secure and legal processes. Quantum BioPharma will continue to monitor market conditions and may adjust its cryptocurrency holdings as deemed appropriate.

According to Odaily, Federal Reserve official Goolsbee has stated that the inflation rate is still expected to reach 2%. He noted that today's data indicates recent inflationary pressures are merely a 'bump.' Goolsbee forecasts that the interest rate path for 2025 will be slightly lower. Over the next 12 to 18 months, interest rates may significantly decrease. Currently, the policy rate is restrictive and remains far from the neutral rate.

The U.S. inflation rate edged higher in November but remained below forecasts, signaling a potential cooling of price pressures. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose 2.4% year-over-year, slightly under the projected 2.5%.Key Highlights:The core PCE price index (excluding food and energy) increased by only 0.1%, marking the smallest monthly rise since May.Consumer spending grew robustly in November, driven by strong demand across various goods and services, including new motor vehicles. Economists partially attribute this to vehicle replacements following damage from Hurricanes Helene and Milton.The Federal Reserve, citing economic resilience and persistent price pressures, has adjusted its outlook, projecting fewer interest rate cuts in 2025 than previously anticipated.Economists noted that while inflation appears to be cooling, some goods' prices remain stubbornly high, reinforcing the Fed's cautious approach to rate reductions. The combination of slowing inflation and steady consumer demand highlights the economy's resilience but underscores ongoing challenges in achieving long-term price stability.

According to Odaily, U.S. President-elect Donald Trump has stated that if the U.S. government is going to shut down, it should begin now. This comment comes amid ongoing discussions and concerns about a potential government shutdown.

According to PANews, Russian Central Bank Governor Elvira Nabiullina has stated that the institution has no plans to invest in cryptocurrencies. This announcement comes amid ongoing global discussions about the role of digital currencies in national economies and financial systems.Nabiullina's remarks highlight the cautious stance of the Russian Central Bank towards digital assets, reflecting concerns about the volatility and regulatory challenges associated with cryptocurrencies. The central bank's position aligns with its broader approach to maintaining financial stability and protecting consumers from potential risks linked to the crypto market.

According to Odaily, market sources reveal that Fox News has disclosed the U.S. House of Representatives may vote on a temporary solution to prevent a government shutdown at 10 a.m. Additionally, The Hill reports that House Speaker Johnson has indicated there is a plan in place to avert the shutdown, with a vote expected on Friday morning.

According to CoinMarketCap data, the global crypto market cap is $3.23T, an 8.44% decrease over the last day.Bitcoin (BTC) traded between $95,007 and $102,800 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,159, down by 6.36%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include STRAX, ZEN, and CTXC, up by 30%, 14%, and 6%, respectively.Top stories of the day:Bitcoin Dominance Declines as Select Altcoins Gain TractionEl Salvador Increases Strategic Bitcoin Reserves With $1 Million PurchaseGrayscale Opens Sui Trust to Accredited InvestorsIMF: Trump’s Strategic Bitcoin Reserve Plan Awaits Full Evaluation Upon ImplementationBitcoin and Ethereum ETFs Expected to Lead U.S. Crypto Fund Launches in 2025Franklin Templeton Files for Bitcoin and Ethereum Crypto Index ETFTrump Advocates for Abolishing Debt CeilingBitcoin ETFs Surpass Gold in Assets Under ManagementBitcoin Mining Profitability Expected to Continue in DecemberIMF Urges Federal Reserve to Adjust Rate Cuts Based on Economic DataMarket movers:ETH: $3289.45 (-10.49%)XRP: $2.1861 (-7.58%)BNB: $643.74 (-7.74%)SOL: $182.86 (-12.39%)DOGE: $0.29488 (-18.06%)ADA: $0.8278 (-14.62%)TRX: $0.2395 (-9.11%)AVAX: $36.45 (-13.97%)LINK: $21.49 (-13.03%)WBTC: $94921.01 (-6.36%)

According to PANews, the U.S. House of Representatives has failed to pass a temporary funding and debt ceiling bill that had the backing of former President Donald Trump. The bill faced significant opposition, with 22 Republican lawmakers casting votes against it. This development highlights the ongoing challenges within the Republican Party as it grapples with internal divisions and differing priorities.

Grayscale announced on X (formerly Twitter) that the Grayscale Sui Trust is now open to eligible accredited investors. The trust provides exposure to $SUI, a third-generation blockchain focused on addressing scalability and transaction costs.The trust utilizes the CoinDesk SUI Reference Rate to offer USD-denominated pricing based on real-time data from multiple component trading platforms, ensuring a representative spot price for $SUI. This marks another step in Grayscale’s efforts to provide institutional-grade access to emerging blockchain technologies. 

According to ShibDaily, Bloomberg ETF analyst Eric Balchunas has forecasted that Bitcoin and Ethereum exchange-traded funds (ETFs) will be the first U.S. crypto funds to launch in 2025, with additional funds to follow. On December 17, Balchunas shared an analysis from fellow ETF analyst James Seyffart, indicating a gradual introduction of cryptocurrency ETFs next year. The initial offerings are expected to be Bitcoin and Ethereum combination ETFs, followed by potential funds for Litecoin (LTC) and Hedera (HBAR).Balchunas and Seyffart suggest that Litecoin and Hedera ETFs could be approved sooner due to their favorable regulatory status. The U.S. Securities and Exchange Commission (SEC) has previously rejected several Solana ETFs, and Seyffart noted that Solana (SOL) and XRP ETFs might only be considered after the new SEC chair, appointed by President-elect Donald Trump, assumes office. The analysts believe that the SEC views LTC and HBAR more favorably, which could lead to their approval before larger market-cap assets like XRP and SOL. The SEC has classified XRP and SOL as securities, complicating the approval process for ETFs linked to these cryptocurrencies.Litecoin is seen as a strong candidate for ETF approval due to its classification as a Bitcoin fork, potentially qualifying it as a "commodity." Meanwhile, Hedera has not been categorized as a security by the SEC, possibly easing its path to ETF approval compared to other cryptocurrencies facing regulatory challenges. Despite the stronger approval prospects for LTC and HBAR, the analysts noted uncertainty regarding investor demand for these funds.Many in the crypto community are hopeful that the SEC, under the leadership of Paul Atkins, a nominee selected by President-elect Trump, may adopt a more favorable stance toward crypto assets. Trump has expressed that Atkins is a strong advocate for dynamic, innovative capital markets that meet investor needs and drive economic growth to bolster the U.S. economy. This article is intended for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

According to data from Coinglass, the crypto market experienced liquidations exceeding $75.14 million within the past hour. Notably, long positions accounted for the majority, with $70.04 million liquidated, while short positions saw $5.10 million in liquidations. 

According to Odaily, U.S. President-elect Donald Trump has called for the abolition of the debt ceiling, a day after opposing a congressional agreement to fund the government before a potential shutdown. In a phone interview with NBC News, Trump described the complete removal of the debt ceiling as "the wisest thing Congress could do," expressing his full support for such a move. He stated, "Democrats say they want to get rid of it. If they want to get rid of it, I will lead the charge."Trump argued that the debt ceiling is a meaningless concept, and no one knows for certain what would happen if it were ever breached—whether it would result in a disaster or prove inconsequential. He emphasized that no one should desire to find out the answer, adding, "It makes no sense, except psychologically." Trump's comments reflect ongoing debates about the necessity and impact of the debt ceiling, as lawmakers consider its implications for fiscal policy and government operations.

According to BlockBeats, on December 19, the Bank of England decided to keep its interest rate steady at 4.75%, aligning with market expectations. The decision, however, came with an unexpected voting result of 6 to 3. Governor Andrew Bailey emphasized that a gradual approach to future rate cuts remains appropriate. He noted the inability to commit to specific timing or magnitude of rate reductions in 2025.The surprising element in the decision was the presence of three members who voted in favor of a 25 basis point rate cut. These members expressed concerns over the risks associated with a significant output gap due to weak demand. They also highlighted that, in the medium term, the Consumer Price Index (CPI) is projected to fall well below the 2% target.Following the announcement, the British pound weakened against the US dollar, with the GBP/USD exchange rate dropping to 1.2604. This reaction reflects market sentiments towards the unexpected dissent within the central bank's decision-making process.

According to Odaily, Hong Kong-listed company LianLian Digital has announced that its wholly-owned subsidiary, DFX Labs Company Limited, has received a set of licenses from the Hong Kong Securities and Futures Commission (SFC) under the Virtual Asset Trading Platform (VATP) licensing regime.The VATP license permits DFX Labs to conduct regulated activities under Type 1 (dealing in securities) and Type 7 (providing automated trading services) as per the Securities and Futures Ordinance. Additionally, the license allows the establishment and operation of a compliant VATP in Hong Kong in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. This development marks a significant step for LianLian Digital in expanding its operations within the virtual asset trading sector, aligning with regulatory standards set by Hong Kong authorities.

According to Foresight News, the Sui Foundation has announced the appointment of Christian Thompson as its new Managing Director. Thompson, who previously held a significant role at Meta, was an early member of the Libra/Diem project. His extensive experience includes founding Knowledge Preserve and OnDetail, as well as serving in various law enforcement agencies for nearly a decade.In the financial sector, Thompson established The Capital Quorum and co-founded the Capitola Public Safety and Community Services Foundation. His diverse background in technology, finance, and public service is expected to bring valuable insights and leadership to the Sui Foundation as it continues to develop and expand its initiatives.

According to Foresight News, Cointelegraph reports that the Bavarian State Office for Data Protection Supervision (BayLDA) in Germany has concluded its investigation into the digital identity project World, formerly known as Worldcoin, regarding its compliance with the European Union's General Data Protection Regulation (GDPR). The regulatory body has mandated that World implement a data deletion procedure that aligns with GDPR standards within one month of the ruling's enforcement.World has responded to this decision by filing an appeal. The company is seeking judicial clarification from the regulatory authorities on whether its privacy-enhancing technologies (PET) meet the EU's legal definition of anonymity. This appeal highlights the ongoing debate and challenges faced by digital identity projects in aligning with stringent data protection laws while maintaining their operational integrity and technological advancements.