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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Today2024-12-22
22:46

The probability of the Federal Reserve maintaining the same interest rate in January next year is 91.4%

According to CME "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate in January next year is 91.4%, and the probability of a 25 basis point cut is 8.6%. By March next year, the probability of maintaining the current interest rate is 47.6%, the cumulative probability of a 25 basis point cut is 48.3%, and that of a cumulative 50 basis point cut is 4.1%.

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22:44

LUCE surged over 45% in 24 hours, currently reported at $0.087

Bitget market data shows that the MEME coin LUCE has risen over 45% in 24 hours, currently priced at $0.087. Its current market value has exceeded $87 million.

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22:30

Kaito AI: All proceeds from the minting of Kaito Genesis NFT will be distributed to Yaps point users

The encrypted data analysis platform, Kaito AI, has announced a new Yaps points plan on social media platforms. All proceeds from the minting of Kaito Genesis NFT will be distributed to Yaps users.

In this scheme, the top 1000 Yappers in the Yaps points event leaderboard will share 150 ETH. The first to five hundredth ranked Yappers will each receive 0.2 ETH and those ranked from five hundred and first to one thousandth will each get 0.1 ETH.

Users need to bind their ETH wallet address on the Yaps page before 8:00 Singapore time on January 1st to participate. The official team will take a snapshot of the top 1000 Yappers at that same time and distribute the ETH rewards on January 2nd.

If there are fewer than 1000 users providing wallet addresses at snapshot time, remaining ETHs would be allocated according to the snapshot list until fully distributed. Additionally, members of Kaito's team are not included in this distribution.

According to OpenSea data, Kaito Genesis NFT is currently priced at floor price of 3.499 ETH.

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22:26

Weekly Outlook: Limited Volatility Expected This Christmas Week, Market Focuses More on Betting on the Market Around Trump's Inauguration at the End of January

Bitget news, Adam, a macro researcher at Greeks.live, shared a preview of this week's major events on the X platform (12/23-12/29). This Wednesday is Christmas Day. Major exchanges in Europe and America will be closed for trading and cryptocurrency funds usually flow out during this week. Currently, ETFs are the main source of external funding for the crypto market. The pressure from fund outflows on the crypto market has significantly increased compared to previous years, with strong risk aversion sentiment in the market. This week's major events:
12/23 Monday
MicroStrategy is expected to join Nasdaq 100 index 
12/24 Tuesday
Bank of Canada releases December monetary policy meeting minutes (02:30 UTC+8)
Reserve Bank of Australia releases December monetary policy meeting minutes (08:30)
12/26 Thursday
US initial jobless claims for the week (21:30)
12/27 Friday
Bank of Japan publishes summary opinions from its December monetary policy meeting review committee members (07:50)

Crypto Market Outlook: Bitcoin fell below $100k and Ethereum fell below $3300. There hasn't been any significant pullback in this bull run yet. Now that funds are tight due to Christmas holidays, it cannot be ruled out that there may be a deleveraging trend before Trump takes office with strong risk aversion sentiment in the market.

The options market has nearly $120 billion worth of options expiring soon which accounts for more than 40% of current total holdings; large holders and makers are actively adjusting their positions so keep an eye on potential opportunities occasionally found within these movements.

Expectations for volatility over Christmas are low; instead most bets seem to focus around what happens before or after Trump takes office at end-January - now seems like a good opportunity to buy into options.

In terms of interest rates within crypto markets - they have been relatively stable recently. If you come across suitable interest rate orders, it's worth actively trading them, especially during times of market movement.

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22:20

Stephen Milan: Cryptocurrency plays a significant role in the economic prosperity of the Trump administration

Stephen Miran said, "Cryptocurrency plays an important role in the economic prosperity of the Trump administration."

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22:19

Data: The Ethereum pledge rate has reached 27.9%, and Lido's market share has reached 28.36%

According to Dune Analytics data, the total amount of Ethereum Beacon Chain staking reached 34,213,997 ETH, accounting for 27.9% of the total supply. Among them, the staking share of liquidity protocol Lido reached 28.36%. In addition, there was a net inflow of 16,047,943 ETH after the Shanghai upgrade.

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22:19

BlackRock's Bitcoin ETF has purchased a total of 13,699 BTC this week

BlackRock's spot Bitcoin ETF purchased a total of 13,699 $BTC this week, while the average mining volume is only around 3,150.

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22:18

ORDI breaks through 27 US dollars

Bitget market data shows that ORDI has broken through $27, currently reported at $27.01, with a 24-hour increase of 2.82%.

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22:17

Ethereum and Solana NFT scammers are sued for a $22 million Rug Pull scam

The U.S. Department of Justice announced in an indictment on Friday that two California men have been charged with orchestrating a series of NFT rug pull scams, defrauding buyers out of more than $22 million in total. The department said this is the largest NFT fraud case it has ever prosecuted. Gabriel Haye from Beverly Hills and Gavin Mayo from Thousand Oaks were each charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count stalking. They were arrested in Los Angeles on Thursday.

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22:16

Trump appoints Stephen Miran as Chairman of the Economic Advisory Committee

The elected President of the United States, Donald Trump, has appointed Stephen Miran as the Chairman of the Economic Advisory Committee. Stephen Miran previously served as a senior advisor for economic policy in the Treasury Department during Trump's first term.

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