1. The U.S. inflation rate rose to 2.7% in November, in line with economists' expectations, increasing the probability of a 25 basis point rate cut by the Federal Reserve next week, but the pace of cuts next year remains uncertain.
2. The U.S. released the November CPI data last night at 21:30, with a reported value of 2.7%, meeting expectations. According to CME FedWatch data, the probability of a 25 basis point rate cut by the Federal Reserve in December is 88.9%.
Last night at 21:30 (UTC+8), the U.S. announced the seasonally adjusted CPI year-on-year for the end of November, with a reported value of 2.7%, meeting expectations and higher than the previous value of 2.6%. According to CME FedWatch data, the probability of the Federal Reserve maintaining the current interest rate until December is 11.1%, while the probability of a 25 basis point cut is 88.9%. This month's non-farm data revealed a slowdown in the labor market, and if the CPI data released last night had not met expectations, the probability of a rate cut in December would have continued to rise. -Original
3. U.S. stocks closed mixed, with the Nasdaq up 1.77% and the S&P 500 index up 0.82%.
U.S. stocks closed with the Dow down 0.22%, the Nasdaq up 1.77%, and the S&P 500 index up 0.82%. -Original
4. Coinbase becomes the most downloaded crypto app in Brazil and ranks among the top three financial apps in the country.
Coinbase is now the most downloaded cryptocurrency app in Brazil and is also one of the top three financial apps in the country. -Original
5. In the past 24 hours, 972.6 million USDT flowed from Tether Treasury to exchanges, indicating a significant influx of funds into the market.
A significant influx of funds is entering the cryptocurrency market, with 972.6 million USDT flowing from Tether Treasury to exchanges in the past 24 hours. -Original
6. The U.S. Securities and Exchange Commission (SEC) charges three individuals for impersonating securities brokers in a $2.9 million Bitcoin related scam.
On December 11, the U.S. Securities and Exchange Commission (SEC) charged three individuals who allegedly impersonated securities brokers and investment advisors in a scam involving digital assets. The SEC's complaint lists three Nigerian suspects and accuses them of inducing at least 28 investors to enter fraudulent platforms, subsequently instructing these investors to purchase Bitcoin through legitimate brokers or cryptocurrency exchanges, and ultimately transferring funds to blockchain addresses associated with these suspects, defrauding over $2.9 million. According to the SEC, these suspects allegedly created multiple websites impersonating professionals associated with well-known U.S. companies and used voice-changing software, online group chats, and social media to build trust while promoting their so-called trading expertise. An alert from Investor.gov noted that as technology advances, including the use of AI-generated content and deepfake audio or video, impersonation scams are becoming increasingly sophisticated. In this case, the alleged scam encouraged investors to research identities stolen from public records of actual investment professionals. The scammers then set up fake investment account interfaces showing unrealized gains, luring victims to invest more funds. Despite participants seeing purported monthly returns of up to 25%, the funds were never invested as claimed, and additional fees were required when withdrawing assets. -Original
7. Trump's crypto project WLFI accumulates 1,325 ETH at an average price of $3,773.
According to BlockBeats, on December 12, ARKM monitored that Trump's crypto project WLFI exchanged 5 million USDC for 1,325 ETH in multiple transactions, with an average price of $3,773. -Original
8. A promotion for a crypto fund appears on the Alipay homepage for mainland Chinese users, with the fund indirectly holding Coinbase stock and ARK Invest's Bitcoin spot ETF.
According to community users, some mainland Chinese users recently received promotional ads for cryptocurrency funds on their Alipay homepage, stating "Global investment, cryptocurrency soaring, starting from 10 yuan, get on board immediately." Upon verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), a compliant investment model for overseas assets, indirectly holding Coinbase stock and ARK Invest's Bitcoin spot ETF. Currently, there is a daily purchase limit of 1,000 yuan per person. -Original
9. Vancouver City Council passes a motion to explore the application of Bitcoin in municipal affairs, becoming a Bitcoin-friendly city.
Vancouver, Canada, has passed a policy that may introduce Bitcoin into its city finances—partly influenced by the return of U.S. President-elect Donald Trump. On Wednesday, the Vancouver City Council passed a motion to become a "Bitcoin-friendly city" and explore the application of Bitcoin in municipal affairs. Vancouver Mayor Ken Sim stated in a phone interview before the council vote on Tuesday, "I have wanted to do this for a while. But I think the public is not yet ready for this discussion." Sim noted that he decided to speak more openly about cryptocurrency because "suddenly, with what is happening in the U.S., many other countries, provinces, and states are also indicating that they want to take similar actions. And we want to be at the forefront of this trend." Since announcing the policy at the end of November, Sim has publicly expressed his strong belief in Bitcoin, calling it "the greatest invention in human history" and asserting that the value of traditional fiat currency will "go to zero." He believes that Bitcoin's "potential" value is only a small part of its future value, although he emphasized that he is not qualified to provide investment advice. -Original
10. Quantum computing is far from cracking Bitcoin private keys, and there is no need to worry about Satoshi's private key for now.
In response to recent market concerns regarding the quantum computer chip Willow and the freezing of Satoshi's private key, Slow Mist founder Yu Xian cited crypto researcher Jeffrey Scholz's tweet stating, "Quantum computing is currently several million gates away from actually being able to crack Bitcoin private keys. This increase in quantum gates is not easy, and noise and error rates will also increase, ultimately leading to a quickly obtained waste in the real world… Let's worry about Satoshi's private key in a few decades." -Original
11. The Alabama State Auditor proposes establishing a strategic Bitcoin reserve, emphasizing the importance of cryptocurrency's long-term success and portfolio diversification.
Odaily Planet Daily reports that recently, Alabama State Auditor Andrew Sorrell publicly proposed establishing a Strategic Bitcoin Reserve (SBR), a proposal based on the growing interest of federal and state policymakers in SBRs and the significant increase in Bitcoin prices following Trump's election (who campaigned on supporting Bitcoin policies). In a media interview, Sorrell emphasized his belief in the inevitability of Bitcoin and cryptocurrency's long-term success: "The debate about whether cryptocurrency will succeed is over." He further highlighted the value of digital assets in expanding the national investment portfolio: "To date, cryptocurrency is a $30 trillion asset class, and the national investment in cryptocurrency is zero. It is also the fastest-growing asset class with the greatest potential for price appreciation." Additionally, he stated that establishing an SBR has three main goals: portfolio diversification, a cryptocurrency-friendly positioning, and mitigating currency-related risks. "What if inflation reaches 8% again? The value of Bitcoin is not affected by the dollar's movements; it will strengthen our nation's balance sheet and can be used as collateral for future debt issuance." -Original
12. Citibank report states that dollar stablecoins help consolidate the dollar's global dominance and will not replace the dollar.
In its latest report, Citibank stated that stablecoins not only have the potential to consolidate the dollar's dominance but also challenge the notion that Bitcoin will one day end the dollar's hegemony. Analysts in the report stated, "Initially, cryptocurrencies like Bitcoin were seen as competitors to central bank-issued currencies. In fact, some believed—and still believe—that Bitcoin could end the dollar's hegemony. However, USDT is challenging this notion." Citibank pointed out that the vast majority of stablecoins are pegged to the dollar, with issuers holding both dollars and U.S. Treasury bonds. Analysts also noted that if the U.S. government further legitimizes stablecoins, it could enhance the dollar's dominance. "Increased regulatory transparency could also further enhance the appeal of stablecoins. If so, the demand for U.S. Treasury bonds from stablecoin issuers could grow from the current 1%." Therefore, this cryptocurrency will not replace the dollar but can make the dollar more easily accepted worldwide and consolidate the dollar's long-standing global dominance. -Original
13. The 5,000 Bitcoins purchased by insurance giant MassMutual in 2020 are now worth approximately $500 million.
According to Bitcoin Magazine, citing sources on the X platform, the 173-year-old insurance giant MassMutual purchased over 5,000 Bitcoins in 2020, and that investment has now increased fivefold, valued at approximately $500 million. -Original
14. Hong Kong to accelerate the approval of cryptocurrency trading platform licenses and plans to regulate stablecoins and custody services.
Joseph Chan, Acting Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong is exploring ways to expedite the licensing process for cryptocurrency trading platforms. The Securities and Futures Commission (SFC) plans to establish a "consultation group" early next year to support licensed platforms. Since the launch of the cryptocurrency trading platform licensing system in Hong Kong in June 2023, licenses have been issued to platforms such as OSL Exchange, HashKey Exchange, and HKVAX, allowing them to provide trading services to retail investors. Additionally, the government is advancing the regulation of stablecoins and plans to submit relevant legislation to the Legislative Council within this month, requiring all issuers of stablecoins pegged to fiat currencies to apply for licenses from the Hong Kong Monetary Authority (HKMA). At the same time, Hong Kong authorities also plan to propose regulatory recommendations for licensing custody services for crypto assets next year to further improve the regulatory framework for the crypto industry. -Original
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).
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