▌The Trump family encryption project WLFI bought $250,000 in ENA 4 hours ago and exchanged 103 cbBTC for WBTC

According to Onchain Lens monitoring, about 4 hours ago, Trump The Pu family encryption project WLFI (World Liberty) spent US$250,000 USDC to purchase 231,726 ENA and exchanged 103 cbBTC worth US$10.36 million into WBTC. So far this month, it has spent:

-$30 million USDC to purchase 8,105 ETH;

-$10 million USDC to purchase 103 cbBTC (converted to WBTC);< /p>

-2 million USDC purchase 7 8,387 LINK;

-$1.91 million USDC purchased 6,137 AAVE;

-$750,000 USDC purchased 741,687 ENA;

-$250,000 USDC Purchase 134,216 ONDO.

▌The Federal Reserve cuts interest rates by 25 basis points

The Federal Reserve’s 2024 annual interest rate resolution comes to an end. The bank decided to lower the benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, which is the third consecutive time. Three interest rate cuts were in line with expectations. In eight resolutions this year, the Fed cut interest rates by a total of 100 basis points, including one 50-basis-point rate cut, two 25-basis-point rate cuts, and the other five times it kept interest rates unchanged.

As of press time, according to Coingecko data:

The recent transaction price of BTC was US$100,610, with an intraday increase or decrease of -5.5%;

ETH The recent transaction price was US$3,646.73, with an intraday increase or decrease of -6.6%;

BNB’s recent transaction price The price was US$691.22, with an intraday increase or decrease of -4.1%;

SOL was recently traded at US$207.61, with an intraday increase or decrease of -7.8%;

DOGE was recently traded at 0.36 yuan, with an intraday increase of A decrease of -9.1%;

XPR’s recent transaction price was US$2.33, with an intraday increase or decrease of -9.7%.

▌Powell: The Fed has no intention of holding Bitcoin

There is currently an ongoing debate over whether the incoming Trump will establish a Bitcoin reserve. Federal Reserve Chairman Jerome Powell said the Fed has no intention of holding Bitcoin. "We are not allowed to hold Bitcoin," Powell said at a press conference after the FOMC meeting. As for the legal issues of holding Bitcoin, Powell said, "It is something for Congress to consider, but we have no intention of seeking to Change the law.”

▌Trump and Musk oppose the spending bill, and the Speaker of the House of Representatives proposed “Plan B”

According to the “Capitol Hill” report, Johnson, the Republican Speaker of the U.S. House of Representatives, Taking examTrump is considering a "Plan B" to fund the shutdown ahead of Friday's deadline, as Republicans inside and outside Congress, including from Trump's team, attack his spending plans. Trump also told Fox News hosts earlier that he was completely opposed to the continuing resolution spending bill. This is consistent with the view of "America's No. 1 buddy" Musk, who said that any congressman who supports the bill should step down. Two people familiar with the matter said the alternative Johnson was considering was a "clean" continuing resolution bill. That would require abandoning additional provisions included in the original 1,500-page spending package negotiated by congressional leaders, including disaster aid and financial aid for farmers.

▌A U.S. federal judge ruled that Coinbase can delist WBTC

U.S. federal judge Araceli Martínez-Olguín ruled that it rejected the request for a temporary restraining order filed by the Hong Kong company BiT Global and allowed Coinbase to continue its plan. Delisted Wrapped Bitcoin (WBTC) from its platform. The judge found that BiT Global failed to prove that Coinbase's move would cause "imminent and irreparable harm" to it.

▌Arkham announced that it will integrate Sui blockchain data

According to the official announcement, Arkham announced that it will integrate Sui blockchain data, including entities/addresses Pages, Arkham dashboards, real-time alerts, visualization tools/trackers, and more. It is reported that the Sui ecosystem has achieved significant growth in recent months, with transaction volume in the past seven days alone reaching approximately $2.93 billion, and the value of stablecoins on the network reaching $300 million.

▌Deutsche Bank launches Layer 2 network based on ZKsync technology

German financial giant Deutsche Bank is developing an Ethereum Layer 2 blockchain network based on ZKsync technology. The project aims to address the compliance challenges of public blockchains in regulated finance by improving transaction efficiency and enhancing regulatory compliance.

The development is part of the Project Guardian project promoted by the Monetary Authority of Singapore (MAS), and Deutsche Bank’s L2 network has been named Project Dama 2. The project brings together 24 financial institutions to explore the possibility of tokenizing blockchain assets.

▌Avalanche may conduct a Christmas airdrop to Retro9000 voting users

The Avalanche Foundation issued a document on , saying "there will be a Christmas surprise for those who vote for Retro9000."

Previous news,Avalanche announced Retro9000, a $40 million funding program designed to reward developers who build on Avalanche9000.

▌Kelp DAO announced the KERNEL token economics, 20% of the total token supply will be used for airdrops

The re-pledge project Kelp DAO announced the KERNEL token economics on the X platform, 20% Used for airdrops; 35% used for future community rewards. 5% ecosystem and partners. 20% private sale. 20% team and consultants. In addition, 20% of token airdrops are used for 3 airdrop seasons.

▌Placeholder Partner: Market correction after the Federal Reserve FOMC meeting, don’t over-trade

Placeholder partner Chris Burniske posted on If you feel bad about selling before a market correction after a session, you don't actually have much of an advantage in predicting the market's reaction. Use this experience as an opportunity to slow down and not overtrade in the long term. As long as you are patient, you will be fine.”

▌JPMorgan Chase: Trump’s victory will usher in a new era for U.S. encryption, and the choice of CFTC chairman will be particularly important

JPMorgan Chase (JPM) In a report on Wednesday, Donald Trump said on 11 Victory in the May presidential election has ushered in a new era for U.S. cryptocurrencies, noting that the total market capitalization of cryptocurrencies has increased by approximately 65% ​​since his victory.

Analysts led by Kenneth Worthington wrote: “New not only brings a sense of crypto-friendliness, but also shows enthusiasm for promoting this asset class; Trump The proposed nomination for Commodity Futures Trading Commission (CFTC) chairman is the missing piece in the pro-cryptocurrency agenda. The position is important because it could regulate Bitcoin (BTC) and Ethereum (ETH). "

▌Analysts: It may be too early to worry that the Fed will resume raising interest rates

Analyst Jersey said that some people are worried about the new U.S. economy. One term may stoke inflation, leading the Fed to raise interest rates before the end of 2025, but that may be premature as new implementation will take a long time. However, given that the next step is likely to be a rate hike, which seemed unlikely four months ago, the yield curve is likely to steepen. However, such action may not occur until we have more data.

▌The Hong Kong Monetary Authority cuts interest rates by 25 basis points

The Hong Kong Monetary Authority lowered its benchmark interest rate by 25 basis points to 4.75%, after the Federal Reserve announced a 25 basis point interest rate cut in the early morning.

▌Trump and Vance issued a joint statement calling forCongress is now beginning to discuss the debt ceiling issue

U.S. President-elect Trump and Vice President-elect Vance issued a joint statement on "If Democrats won't cooperate on the debt ceiling now, who's going to think they'll cooperate in June when we're in office? Let's have this debate now," Trump and Vance said. said in a statement. Trump and Vance also called on Congress to "pass a streamlined spending bill and prevent U.S. Senate Majority Leader Schumer and the Democrats from doing whatever they want."

▌What is a Rollup? ?

Rollup is a way of processing transactions on a Layer 2 protocol that frees up valuable space in the base layer. Rollup folds transactions one by one on the second layer, sometimes dozens of times, then rolls them together before sending the data back to Layer 1. There are two main types of Rollups, optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly clear term. This means that Rollup operates with an "optimistic" approach, assuming transactions are valid unless proven wrong by the validator. They will check the validity of the transaction only if there is a dispute. ZK Rollup certifies transactions without revealing any transaction data. Therefore, it is called "zero knowledge". ZK Rollup provides instant finality because cryptographically proven data is guaranteed to be valid. In many ways, Rollup is to your standard blockchain transaction what Calzone is to your average pizza slice. By scrolling, you can put more stuff in.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.