The Bank of Japan maintains interest rates, pausing rate hikes for the third consecutive time.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
Doodles NFT founder hints at token launch, floor price briefly surges above 8 ETH before retreating
Doodles NFT founder burnt toast posted an ambiguous message on social media, with the initials forming "token is coming," suggesting the project may launch a token.
As a result of this news, the Doodles NFT floor price briefly surged, peaking above 8 ETH before retreating, currently reported at 6.78 ETH, with a 24-hour increase of 61.77%.
Binance Alpha announces third batch of projects
Binance Alpha has announced the third batch of projects, including:
FROG (BNB Chain, Animal Meme)
AICell (BNB Chain, AI Agent)
CGPT (BNB Chain, AI Symbiosis)
MONKY (BNB Chain, Animal Meme)
TERMINUS (Ethereum Chain, Elon Musk Mars Colonization Concept Meme)
GRIFFAIN (Solana Chain, AI Agent)
$RIF (Solana Chain, Decentralized Science)
$URO (Solana Chain, Decentralized Science)
CLANKER (Base Chain, AI Agent)
LUNAI (Base Chain, AI Agent)
Bitwise CIO: Fed statement is just a minor episode, bullish trend in cryptocurrency will not change
Bitwise Chief Investment Officer Matt Hougan expressed his views on X, elaborating on why he believes the current bullish trend in the cryptocurrency market will continue.
Despite the Federal Reserve's latest policy statement causing a short-term shock to the market—reducing next year's rate cut expectations from four times to two—Hougan believes this is merely a brief episode in the bull market process. He pointed out that the cryptocurrency market has developed an endogenous momentum independent of Federal Reserve policy, with four core trends continuing to drive industry development:
Washington's regulatory attitude has clearly shifted to a supportive stance.
Institutional investor participation is accelerating, with continuous inflows into ETFs.
Government and corporate institutions are strategically increasing their Bitcoin holdings.
Breakthroughs in programmable blockchain technology.
From a technical perspective, Bitcoin's 10-day exponential moving average (approximately $102,000) continues to remain above the 20-day average (approximately $99,000). Hougan stated that this classic technical indicator has historically reflected market trends well.
Hougan emphasized that the cryptocurrency market is in a new multi-year bull market cycle, and he expects that a 50bps rate cut will not change this.
Osprey Funds launches the first publicly traded BNB fund in the U.S., Zhao Changpeng praises its community
On December 19, Binance co-founder Zhao Changpeng congratulated Osprey Funds on launching the Osprey BNB Chain Trust fund (ticker: $OBNB). The fund has been listed on the OTCQX market, providing investors with an opportunity to invest in the native token BNB of the BNB Chain, marking the first publicly traded BNB-based fund in the U.S.
Zhao Changpeng stated that this is a project driven by the community, and he did not participate in it himself.
Bank of Japan maintains interest rates, pausing rate hikes for the third consecutive time
The Bank of Japan announced today that it will maintain the policy interest rate at 0.25%, marking its third consecutive pause in rate hikes. The voting result was 8:1, with only committee member Naoki Tamura supporting a rate hike to 0.5%. As a result, the dollar surged 70 points against the yen, reaching 155.27, with analysts warning of further depreciation risks for the yen.
The Bank of Japan stated that it will continue to observe the relationship between wage growth and the inflation target, with inflation expected to align closely with the 2% target in the latter part of the 2026 fiscal year. The market is focused on Governor Kazuo Ueda's press conference this afternoon for clues on future rate hikes. Analysts believe that if there is no clear indication of a rate hike in January or March next year, the yen may weaken further, and the dollar-yen exchange rate could rise to the 160 mark.
Sahara AI announces the official launch of the Beta version testnet for the first phase data platform, with over 780,000 users registered
Sahara AI announced the official launch of the Beta version testnet for the first phase data platform. This event attracted over 780,000 user registrations, with more than 10,000 users ultimately qualifying to participate. Through the Sahara AI testnet, ordinary users can contribute to the AI ecosystem through data collection, optimization, and labeling tasks, earning rewards while participating in building the world's first decentralized AI collaboration platform.
The launch of the testnet marks the first phase of the Sahara AI ecosystem's development. Subsequently, Sahara AI will introduce an AI data marketplace and model center to further promote the tradability, traceability, and decentralized collaboration model of AI assets.
It is reported that Sahara AI previously secured $43 million in funding from investment institutions including Pantera Capital, Binance Labs, Polychain Capital, Sequoia Capital, and Samsung Next, promoting the development of decentralized AI.
10x Research: Not every dip is a buying opportunity, interest rates may remain high for an extended period
10x Research released a market update stating that not every dip is a buying opportunity.
The content pointed out that while it is expected that Federal Reserve Chairman Powell's tone will be slightly hawkish, the updated median interest rate forecast from the Fed shocked the market, predicting not only rate hikes in 2025 but also in 2026 and 2027. Powell indicated that it may take 1-2 years to return to the 2% inflation target, further reinforcing hawkish sentiment. The estimates for the coming years are shocking, indicating that interest rates may remain high for an extended period.
Stocks fell 3%, and Bitcoin dropped 4%. Retail trading activity remains sluggish, leading to greater impacts on altcoins, with many altcoins plummeting 10% or more. While the impact of Trump's policies remains speculative, weak demand from European economies and China may suppress global growth (and inflation). Meanwhile, a stronger dollar may put pressure on corporate earnings in the U.S.
Eigen Foundation announces a grant of 1 million EIGEN tokens to AltLayer, to be distributed to the community in two phases
According to an official announcement, the Eigen Foundation has announced a grant of 1 million EIGEN tokens to AltLayer in recognition of its ongoing contributions to the Eigen Layer ecosystem. AltLayer announced that all tokens will be returned to the community, distributed in two phases: the first phase of 500,000 EIGEN tokens will be distributed to reALT holders and stakers starting this week, and the second phase of 500,000 tokens will be distributed when the Eigen Layer V2 reward mechanism goes live on the mainnet in 2025.
According to the announcement, the first phase of distribution will begin on December 20, 2024, at 11:00 AM (Beijing time) and will last until February 20, 2025, at 11:00 AM. Eligible users must hold reALT between May 9, 2024, and December 12, 2024.
Decentralized AI training platform FLock completes $3 million strategic round of financing, led by Grayscale's parent company DCG
Decentralized AI training platform FLock announced the completion of a $3 million strategic round of financing, bringing total funding to $11 million. This round of financing was led by Grayscale's parent company Digital Currency Group (DCG), with Lightspeed Faction participating in the round, along with other strategic partners including Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoin Japan, Bas1s Ventures, and A41.
This financing marks an important milestone for FLock on the path to democratizing AI model development, helping it move into a new stage of development and continue to build the world's first decentralized AI training platform.
Market Dynamics
Recommended Reading
2025 Main Theme Outlook: Making DeFi Great Again
This article analyzes three major trends in DeFi development for 2025:
The Trump administration's crypto-friendly policies, including establishing a Bitcoin strategic reserve, normalizing the legality of cryptocurrencies, and issuing ETFs, will create a more favorable regulatory environment for DeFi.
A new rate cut cycle will drive more funds into DeFi, similar to the bull market environments of 2017 and 2021. DeFi protocols like AAVE and Hyperliquid are also continuously innovating, entering a rapid development phase.
The listing strategies of mainstream exchanges Binance and Coinbase are also beginning to favor DeFi-related tokens, reflecting market confidence in DeFi.
The combination of stablecoins and AI creates an efficient and intelligent new financial ecosystem. Stablecoins provide a programmable and reliable monetary vehicle for AI agents, while AI injects intelligence into blockchain, achieving a smarter, faster, and more efficient financial system. This integration is driving the evolution from human-machine interaction to machine-to-machine transactions in three stages, having a profound impact on financial inclusion and global economic models.
How Michael Saylor Turns Convertible Bonds into a Bitcoin Printing Machine?
Michael Saylor utilizes convertible bonds as a financial tool, cleverly integrating debt, equity, and Bitcoin price volatility through strategies such as issuing zero-coupon bonds, earning premiums, and exchanging debt for Bitcoin, accumulating a substantial amount of Bitcoin assets. This innovative financial engineering, while high-risk, could become a highlight in financial history if Bitcoin prices continue to rise.
Blockchain games are undergoing changes that could trigger a revolution, with the entry of traditional game developers being a major driving force.
The difficulty for users to engage with blockchain games has decreased, primarily due to improved user experiences.
Blockchain games are transitioning from overt crypto elements to more seamless integration, allowing Web3 functionalities to operate in the background.
The "Play to Earn" model is experiencing a significant transformation, focusing more on the practical application of on-chain features.
The report reviews key trends and themes in the cryptocurrency market for 2024 while providing a forward-looking perspective for 2025. The main contents of the report include:
Analysis of the best and worst-performing crypto assets in 2024, including "VC coins" (low circulation/high FDV), Memecoins, and RWA projects.
Several investment themes explored in 2024 have been validated, such as the Bitcoin options market's predictions for elections and the impact analysis of the U.S. Bitcoin Strategic Reserve Act.
Predictions for 2025 include: Bitcoin price surpassing $210,000, total market capitalization of the crypto market reaching $7.5 trillion, Ethereum rebounding, Solana rising to $1,000, stablecoin market capitalization reaching $30 billion, DEX trading volume exceeding CEX, the value of the Bitcoin ecosystem reaching over 1% of the Bitcoin network, and the rise of new EVM public chains.
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