Daily Hot Events Selected December 12

1. The U.S. inflation rate rose to 2.7% in November, in line with economists' expectations. As a result, the likelihood of the Federal Reserve lowering interest rates by 25 basis points next week has increased; however, the pace of future rate cuts remains unclear for next year.

2. The U.S. will release the November CPI data tonight at 21:30, with market expectations previously set at 2.7%. According to data from CME FedWatch, the probability of the Federal Reserve cutting rates by 25 basis points in December is as high as 88.9%.

3. The U.S. stock market closed with mixed results, with the Nasdaq index rising by 1.77% and the S&P 500 index up by 0.82%.

4. The Coinbase crypto app ranks first in downloads in Brazil and has successfully entered the top three financial applications in the country.

5. In the past 24 hours, 972.6 million USDT flowed from Tether Treasury to exchanges, indicating a significant influx of funds into the market.

6. The U.S. Securities and Exchange Commission (SEC) has charged three individuals for impersonating securities brokers in a scheme involving $2.9 million in Bitcoin.

7. Trump's crypto project WLFI increased its holding of 1,325 ETH at an average price of $3,773 each.

8. In mainland China, some users have seen promotional ads for crypto funds on their Alipay homepage, with the related funds indirectly holding Coinbase stock and ARK Invest's Bitcoin spot ETF.

9. The Vancouver City Council passed a motion aimed at exploring the application of Bitcoin in municipal affairs, making the city more Bitcoin-friendly.

10. The Alabama State Auditor proposed establishing a strategic Bitcoin reserve, emphasizing the potential for success in long-term development and the importance of portfolio diversification regarding cryptocurrencies.

11. Citibank released a report stating that dollar stablecoins help further consolidate the U.S. dollar's dominant position globally, though they will not replace the dollar's status.

12. The insurance giant MassMutual, which bought 5,000 Bitcoins in 2020, now sees their value at approximately $500 million. The Hong Kong region will accelerate the approval process for crypto trading platform licenses and plans to regulate the stablecoin market and custody services.