Traders increase bets on Fed rate cut next year

If I were to describe NVIDIA in one sentence, it would be a company that "combines the East and the West."

After the release of U.S. initial jobless claims and PPI data, U.S. Treasury bonds narrowed their losses. The U.S. dollar index DXY fell 10 points in the short term and is now at 106.72. (Jinshi)

BlackRock said that allocating up to 2% of the portfolio to Bitcoin is a reasonable range. (Tree News)

According to PANews, Grayscale has announced the launch of the Optimism Trust Fund. This new fund is designed to provide investors with opportunities to engage with the Optimism ecosystem. Grayscale's initiative aims to expand investment options and offer exposure to this growing blockchain network. The Optimism Trust Fund represents a strategic move by Grayscale to cater to the increasing interest in blockchain technologies and decentralized finance solutions. By introducing this fund, Grayscale seeks to facilitate investor participation in the evolving landscape of digital assets and blockchain innovations.

According to BlockBeats, the latest data from the United States reveals that the number of initial jobless claims for the week ending December 7 reached 242,000. This figure surpassed the anticipated 220,000 claims and reflects a slight adjustment from the previous week's revised count of 225,000. In addition to the unemployment data, the U.S. Producer Price Index (PPI) for November showed a year-over-year increase of 3%. This rise exceeded the expected 2.6% and marks an upward revision from the prior value of 2.4%. On a monthly basis, the PPI rose by 0.4% in November, again surpassing the forecasted 0.2% increase. The previous month's figure was adjusted from 0.2% to 0.3%. These economic indicators suggest a more robust inflationary environment than previously anticipated, which could have implications for future monetary policy decisions. The higher-than-expected PPI figures indicate that producers are facing increased costs, which may eventually be passed on to consumers, potentially affecting inflation rates and economic growth.

The annual rate of core PPI in the United States in November was 3.4%, expected to be 3.2%, and the previous value was 3.10%. The monthly rate of core PPI in the United States in November was 0.2%, expected to be 0.2%, and the previous value was revised from 0.00% to 0.30%. (Jinshi)

The number of initial jobless claims in the United States for the week ending December 7 was 242,000, which was expected to be 220,000. The previous value was revised from 224,000 to 225,000. (Jinshi)

At present, from the ice-breaking cooperation between Binance and Circle, to the intensive layout of crypto giants, to the frequent financing activities and the gradual improvement of the policy environment, the liquidity and application scenarios of the stablecoin track are expanding rapidly.

According to the monitoring of on-chain analyst Yu Jin, an ETH swing investor sold all 12,525.4 ETH in the past half hour in exchange for 49.46 million USDT, with an average selling price of $3,949 and a profit of $1.08 million. In 4 days, the ETH swing investment went from buying at the bottom → being trapped → untrapping → selling at a profit, and waited for the rebound he wanted. From being trapped at $2.3 million to making a profit of $1.08 million, he has now completed 20 swing investments, with a winning rate of 16 wins and 4 losses.

According to Odaily, the European Central Bank (ECB) has announced its final interest rate decision for 2024, reducing the deposit facility rate by 25 basis points to 3.00%. This marks the third consecutive meeting where the ECB has implemented a 25 basis point rate cut, aligning with market expectations. Over the course of the year, the ECB has cumulatively reduced rates by 100 basis points. The decision to lower the deposit rate reflects the ECB's ongoing efforts to stimulate economic growth and manage inflation within the Eurozone. By making borrowing cheaper, the central bank aims to encourage spending and investment, which can help bolster economic activity. The consistent rate cuts throughout the year indicate a strategic approach by the ECB to address economic challenges and support the region's financial stability. Market analysts had widely anticipated this move, as the ECB continues to navigate a complex economic landscape characterized by fluctuating growth rates and inflationary pressures. The central bank's actions are closely monitored by investors and policymakers, as they have significant implications for the Eurozone's economic outlook and financial markets. As the year concludes, the ECB's monetary policy decisions remain a focal point for economic observers, with attention now turning to how these measures will impact the region's economic trajectory in the coming year.

Decentralized internet connection platform Uplink has officially launched on the Avalanche blockchain. Uplink aims to decentralize internet connectivity by incentivizing users to share existing networks and deploy new infrastructure in underserved areas. By leveraging Avalanche's high-speed transaction capabilities, Uplink seeks to promote decentralized connectivity while advancing its ecosystem through community participation, token-based incentives, and innovative application features. Uplink plans to launch the Uplink app in 2025 to verify router locations and support users to share real internet connections, while releasing innovative features and launching a Layer 1 testnet on Avalanche to provide data consumption and transaction support for the ecosystem. (The Block)

Empowering traditional finance and gaining support from asset management giants may be one of the most certain directions.

Recommended readings tonight: 1. New narrative of stablecoins in 2024: clear regulation, entry of traditional finance, and simultaneous development of on-chain and off-chain; 2. Is Meme coin the truly successful GameFi in this cycle? 3. 11 facts after BTC ETF was listed in the United States;

ELIZA is at the intersection of three transformative trends: the rise of autonomous AI agents, the maturation of crypto-driven incentives, and the evolution of open source development models.

As an emerging technology trend, decentralized AI has a challenging road ahead, but it has great potential for development. With the continuous advancement of technology and the gradual maturity of the market, decentralized AI is expected to play a greater role in the future.

In order to fully grasp the development context and future trends of the Meme track, LBank Labs jointly released this research report with MetaEra and Bee Network.

This year is the year of the explosion of stablecoins. Looking to the future, with the clarification of supervision and continuous innovation of technology, the role of stablecoins will become more and more important, both in on-chain and off-chain finance.

Microsoft shareholders overwhelmingly rejected a proposal to add Bitcoin to the company's balance sheet, with only 0.55% in support. The board expressed concerns about Bitcoin's volatility, despite acknowledging its potential as an inflation hedge.

In 2024, the crypto industry saw key trends such as the rise of memecoins, the development of prediction markets, innovation in liquid staking tokens, the threat of quantum computing, the rise of DePINs, and the popularity of AI trading tools.