According to Odaily, a team of economists led by Andrew Hollenhorst at Citigroup has projected that a relaxed labor market will alleviate inflationary pressures in the service sector, while global economic weakness is expected to suppress commodity prices. This economic environment is anticipated to prompt the Federal Reserve to adopt an aggressive approach, with expectations of a 25 basis point rate cut at each meeting until July next year. This would bring the federal funds rate down to a rang

According to ShibDaily, BlackRock Investment Institute has advised investors to consider a 1-2% allocation to Bitcoin, describing it as a 'reasonable' portion of a diversified portfolio. The recommendation comes with a caution that higher allocations could significantly increase portfolio risk. In a report titled 'Sizing Bitcoin in Portfolios,' released on December 12, BlackRock compared this allocation to the risk associated with investing in the 'Magnificent 7' mega-cap tech stocks, which incl

According to Odaily, the United States Securities and Exchange Commission (SEC) has imposed a $6.75 million fine on Cantor Fitzgerald, a primary asset custodian for Tether. The penalty arises from misleading statements made to investors in connection with two Special Purpose Acquisition Company (SPAC) projects. These projects collectively raised $750 million.

Sanjay Wadhwa, Acting Director of the SEC's Enforcement Division, highlighted that Cantor Fitzgerald repeatedly denied engaging with merg

According to CoinDesk, the CoinDesk 20 Index, a comprehensive market indicator, is currently trading at 3837.79, reflecting a slight decrease of 0.0% or 1.86 points since 4 pm ET on Thursday. This index, which is traded across various platforms worldwide, provides insights into the performance of leading and lagging assets within the cryptocurrency market.

Out of the 20 assets included in the index, nine are experiencing an upward trend. Among the top performers, Hedera Hashgraph (HBAR) has see

According to Odaily, the cryptocurrency XRP has experienced a notable rebound, surpassing the 2.45 USDT mark. As of the latest update, XRP is trading at 2.4574 USDT, reflecting a 24-hour increase of 1.29%.

This recent movement in XRP's value highlights a positive trend in the cryptocurrency market, drawing attention from investors and traders. The increase comes amid a broader context of fluctuating digital asset prices, where XRP's performance stands out as a significant development. Market pa

On Dec 13, 2024, 15:00 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 101,000 USDT benchmark and is now trading at 101,070.117188 USDT, with a narrowed narrowed 0.62% decrease in 24 hours.

According to Foresight News, Riot Platforms, a prominent Bitcoin mining company, has made a significant acquisition by purchasing 5,117 Bitcoins. The transaction, valued at $510 million, marks a substantial investment in the cryptocurrency market by the company.

This move by Riot Platforms underscores the growing interest and confidence in Bitcoin as a valuable asset. The acquisition is part of the company's strategy to expand its holdings and strengthen its position in the cryptocurrency minin

According to BlockBeats, Nasdaq-listed Bitcoin mining company Riot Platforms has made a significant acquisition by purchasing 5,117 Bitcoins. This transaction, valued at $510 million, marks a notable move in the cryptocurrency market.

The acquisition by Riot Platforms highlights the company's strategic investment in Bitcoin, reflecting its confidence in the digital currency's potential. This purchase is part of a broader trend among major players in the cryptocurrency industry to increase their

According to Odaily, Bank of America economist Stephen Juneau highlighted in a report to clients on Thursday that upcoming potential policy changes could exert upward pressure on prices. These changes include higher tariffs, deficit-financed tax cuts, and stricter immigration policies. Juneau noted that due to these policy shifts, the core Personal Consumption Expenditures (PCE) inflation rate is unlikely to decrease significantly over the next two years.

In the upcoming meeting, the Federal Re

On Dec 13, 2024, 13:36 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 100,000 USDT and is now trading at 99,936.273438 USDT, with a narrowed 0.96% decrease in 24 hours.

According to BlockBeats, OpenAI founder and CEO Sam Altman is set to join the ranks of American tech giants contributing to President-elect Trump's inauguration fund. In a written statement, Altman expressed his belief that Trump will guide the nation into the era of artificial intelligence and emphasized his eagerness to support efforts to ensure the United States maintains its leadership position.

Reports indicate that Altman plans to donate $1 million to the Presidential Inaugural Committee

According to Odaily, Elon Musk has revealed that the U.S. Securities and Exchange Commission (SEC) has issued a settlement demand, requiring him to accept fines and other conditions within 48 hours. Failure to comply could result in multiple charges related to the purchase, sale, and disclosure of Twitter shares. The SEC is investigating whether Musk engaged in securities fraud prior to his 2022 acquisition of Twitter, now known as X. This includes examining whether his sale of Tesla stock and s

According to Decrypt, Byte Federal, a prominent Bitcoin automated teller machine (BTM) company based in the United States, has experienced a significant data breach. The breach, which was disclosed in a filing with Maine's attorney general, affected the personal data of 58,000 customers, including 111 residents of Maine. The company discovered the breach on November 18, more than a month after it occurred on September 30.

Venket Naga, co-founder and CEO of Serenity, a security-focused data stor

According to Odaily, Australian pension and wealth management firm AMP has become one of the first major retirement fund managers in the country to invest in cryptocurrency products. The company has allocated approximately 27 million Australian dollars (17.2 million USD) into Bitcoin futures. AMP's Chief Investment Officer, Anna Shelley, noted in an email commentary that this investment reflects the "structural changes" in the digital asset industry over the past year. These changes include lead

According to BlockBeats, recent data from Polymarket indicates a significant probability that Ethereum will not achieve a new all-time high this year. The prediction market shows an 81% likelihood of Ethereum failing to surpass its previous peak.

As of the latest update, a total of $9,645,951 has been invested in this prediction. This substantial amount reflects the market sentiment and the confidence of participants in the forecast. The prediction market serves as a platform where users can sp

According to U.Today, Ripple has minted over 13 million units of its new stablecoin, RLUSD, following regulatory approval from the New York State Department of Financial Services (NYDFS). The San Francisco-based blockchain company is preparing to launch RLUSD on various cryptocurrency exchanges. The RLUSD Treasury recently minted two significant amounts of the stablecoin: 10,399,000 and 2,600,000 RLUSD, along with several smaller batches of 100,000 RLUSD each.

Ripple's CEO, Brad Garlinghouse, a

According to U.Today, Cardano (ADA), a prominent altcoin, is maintaining its position above the $1 threshold despite a cautious sentiment prevailing in the broader cryptocurrency market. Discussions are ongoing regarding the possibility of a supercycle for ADA, which could potentially influence its future trajectory.

On Thursday, Charles Hoskinson, the founder of Cardano, addressed security concerns related to the cryptocurrency. He highlighted that Ethereum's researchers have not engaged with

According to Odaily, the cryptocurrency HBAR has experienced a significant price increase, surpassing the 0.33 USDT mark. As of the latest update, HBAR is trading at 0.33033 USDT, reflecting a 24-hour growth of 10.77%.

This surge in HBAR's value highlights the dynamic nature of the cryptocurrency market, where rapid price changes can occur within short periods. Investors and traders are closely monitoring these fluctuations, as they present both opportunities and risks. The recent performance o

According to Odaily, LBBW analyst Elmar Voelker has expressed uncertainty regarding the Federal Reserve's upcoming interest rate decision, suggesting it is not as clear-cut as forward rates might indicate. Voelker, a seasoned fixed-income analyst, noted that recent U.S. macroeconomic data does not provide a definitive template for the forthcoming rate decision.

From the perspective of bond market participants, Voelker highlighted that there is little difference between a scenario where the Fed

On Dec 13, 2024, 12:26 PM(UTC). According to Binance Market Data, BNB has crossed the 720 USDT benchmark and is now trading at 720.090027 USDT, with a narrowed 0.51% increase in 24 hours.