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Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.
Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.
Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.
Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.
Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.
- 21:34Congressional Budget Office: U.S. Public Debt Projected to Reach 99.9% of GDP in 2025On January 18, the U.S. Congressional Budget Office (CBO) projected the U.S. budget deficit for fiscal year 2025 to be $1.865 trillion, compared to $1.832 trillion in fiscal year 2024, and the U.S. public debt is projected to reach 99.9 percent of GDP by 2025, and will reach 99.9 percent of GDP by fiscal year 2035, according to current law. Under current law, the U.S. public debt is projected to reach 99.9% of GDP by 2025 and rise to 118.5% by FY2035. U.S. real GDP growth is projected to be 1.9% in 2025, a downward revision from the June forecast of 2.0%, and is expected to grow at an average annual rate of 1.9% between 2024 and 2034. (Golden Ten)
- 21:33U.S. Crypto Stocks Extend Intraday Gains, Soar More Than 5% Across the BoardJanuary 18, according to market information, the U.S. cryptocurrency stocks intraday gains further expanded, the whole line soared more than 5%, of which: Coinbase (COIN) up 5.3%; Trump Media Technology Group (DJT) up 5.02%; Tesla (TSLA) up 5.12%; MicroStrategy (MSTR) up 6.87 percent; MARA Holdings (MARA) up 13.17 percent; Riot Platforms (RIOT) up 6.66%.