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5 must-read articles in the evening
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2024-12-19 21:03 7,654
1. Crypto “Black Thursday”: What are the causes and how will the market outlook go?

At 3 a.m., the Federal Reserve announced its interest rate decision and cut interest rates by 25 basis points. Then Fed Chairman Powell held a monetary press conference at 3:30 a.m. Although altcoins have rebounded after the previous three FOMC meetings. However, after the Federal Reserve officially announced a 25 basis point interest rate cut, the market ushered in "Black Thursday", with Bitcoin falling below $100,000 and altcoins falling by 20%. What caused "Black Thursday"? What is the future trend of the Federal Reserve? What do people in the industry think of the current market conditions? Click to read

2. Trump’s encrypted territory

Trump’s official inauguration is getting closer. It also nominated its favorite new cabinet members. There is no doubt that Trump, and some of his Cabinet nominees, are crypto-friendly. It is precisely thanks to Trump’s encryption friendliness and the interest rate cuts in the United States that the encryption industry has officially ushered in a bull market. For example, as WLIF, a project that is highly tied to the Trump family, continues to buy tokens such as AAVE, LINK, and ENA, these tokens have experienced considerable gains. Click to read

3. Outlook for 2025: Make DeFi great again

World Liberty Financial, founded by the Trump family and top figures in the crypto industry, is gradually affecting the development direction of the industry. Their recent token purchases have also driven up secondary market prices. Key short-term crypto benefits following Trump’s victory include: establishing a strategic reserve of Bitcoin in the United States, legalizing cryptocurrencies, and supporting debt plans through the issuance of ETFs. Click to read

4. Isn’t the Federal Reserve allowed to own Bitcoin?

Overnight this morning, the Federal Reserve's December interest rate meeting ended as scheduled. The result was in line with market expectations, and interest rates continued to be cut by 25bp. This result exceeded the expectations of some people who had speculated that interest rates would be stopped. So far, since the second half of 2024, the Federal Reserve has cut interest rates three times, by 100bp, or 1%, reducing the US federal interest rate from 5.5% to 4.5%. Click to read

5.FTX launches compensation plan: Can the black swan of the past turn around?

FTX, once the third largest crypto exchange in the world, announced that it will launch a customer compensation plan in early 2025. The black swan incident of FTX in the past still affects the encryption industry. The funding crisis and market risks it exposed profoundly changed the industry structure. Today, we’ll look back at the beginnings of FTX’s collapse and analyze how it faced the challenges of its revival. Click to read

Keywords: Bitcoin
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