Technology
Macro
Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut
Despite the cut being priced, Jerome Powell's remarks on rate policy shook the risk asset markets.
Partnerships
Ethena Labs introduces sUSDe as collateral for Trump-backed WLFI protocol
The partnership, if approved, will be a step into WLFI's vision of using stablecoins to maintain the dollar supremacy.
Regulation
Coinbase reveals 18% YoY drop in law enforcement requests
Most of the requests were related to criminal enforcement, mainly sent from the US, the UK, Spain, Germany, France, and Australia.
ETF
BlackRock’s IBIT becomes decade’s top ETF for inflows, surpassing all rivals
IBIT secured over $36 billion in positive net flows, besting approximately 2,850 ETFs launched in the past 10 years.
Crypto
Satoshi Action Fund reveals potential executive order draft to establish US Bitcoin Strategic Reserve
The draft suggests allocating 2% of Exchange Stabilization Fund's portfolio value, with seized Bitcoin being used as a foundation for the Reserve.
Analysis
Bitwise predicts Ethereum revival in 2025 driven by institutional interest, RWA growth
Bitwise investment strategist estimates that fees generated from RWA-linked activity on Ethereum could ultimately surpass $100 billion annually.
Stablecoins
Ethena Labs launches stablecoin backed by BlackRock’s tokenized fund shares
Ethena Labs introduces USDtb, a stablecoin with BlackRock-backed security and multichain versatility.
Analysis
Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat
Historical indicators suggest Bitcoin's price could soar between $160,000 and $290,000, depending on market dynamics.
Bankruptcy
FTX to begin initial distributions by March with Kraken and BitGo as partners
The effective date for FTX's reorganization plan is Jan. 3, 2025, with distributions set to start within 60 days.
Stablecoins
Ripple to begin global rollout of RLUSD stablecoin on Dec. 17
The long awaited Ripple USD will be available on five different platforms, with plans of expansion already revealed for the next weeks.
Analysis
Crypto startups attract $800 million in VC backing during November
Projects building applications in the decentralized finance ecosystem saw a 31% growth in funding.
Market
Bitcoin recovers $100k price level as expectations of Fed rate cut rise
Expectations of a 25 basis points rate cut come to 98% as CPI numbers come as expected.