According to BlockBeats, Nick Timiraos, often referred to as the 'Federal Reserve's mouthpiece,' reported on December 19 that there has been a shift in the perception of inflation risks among Federal Reserve officials. In September, out of 19 officials, three believed that the risks to the core Personal Consumption Expenditures (PCE) inflation forecast were tilted to the upside, suggesting that if the forecasts were incorrect, they might be too low. Today, the sentiment has changed significantly, with 15 out of the 19 officials now expressing concerns that the risks associated with the already revised upward core PCE inflation remain skewed to the upside. This indicates a growing consensus within the Federal Reserve that inflationary pressures could be more persistent than previously anticipated. The core PCE inflation is a critical measure for the Federal Reserve as it excludes volatile food and energy prices, providing a clearer picture of underlying inflation trends. The shift in the Federal Reserve officials' outlook reflects ongoing economic uncertainties and the challenges in accurately forecasting inflation in a dynamic economic environment. The increased concern over inflation risks suggests that the Federal Reserve may need to consider further adjustments to its monetary policy to address potential inflationary pressures. This development is crucial as it could influence future interest rate decisions and impact economic growth and stability.

According to Cointelegraph, El Salvador is set to make significant changes to its Bitcoin policies as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF). The Central American nation will receive the funds over the next 40 months, following its commitment to measures aimed at reducing its debt-to-GDP ratio. The IMF announced on December 18 that the potential risks associated with El Salvador's Bitcoin project will be significantly reduced in accordance with the Fund's policies. Legal reforms will ensure that Bitcoin acceptance by the private sector becomes voluntary, while public sector involvement in Bitcoin-related economic activities will be limited. El Salvador initially began purchasing Bitcoin in 2021, and according to the Bitcoin Office's tracker, the country currently holds 5,968.8 Bitcoin, valued at approximately $602 million. Despite reaching out for comments, Cointelegraph did not receive an immediate response from El Salvador’s National Bitcoin Office. The IMF also stated that taxes in the country will continue to be paid in US dollars, which remains the official currency, and that government involvement in the state-backed crypto wallet Chivo will be gradually reduced. The agreement, which still requires approval from the IMF Executive Board, concludes four years of negotiations that were complicated by President Nayib Bukele's decision to adopt Bitcoin as legal tender in June 2021, making El Salvador the first country to do so. The IMF has consistently urged Bukele to abandon his Bitcoin plans, citing the speculative nature of the cryptocurrency as a potential risk to the country's economy. The agreement will also facilitate additional loans from other global financial institutions, including the World Bank, bringing the total financing package to over $3.5 billion. In response to the IMF's announcement, Max Keiser, a Bitcoin adviser to President Bukele, dismissed the agreement as "bureaucratic, meaningless nonsense" on social media platform X. He emphasized that Bitcoin usage in El Salvador has always been voluntary and continues to grow. However, a recent survey conducted in October revealed that 92% of Salvadorans do not use Bitcoin for transactions, an increase from a 2023 survey where 88% reported not using the cryptocurrency for transactions.

Bitcoin posted its biggest drop in more than three months, falling to around the key $100,000 level, as speculative investments generally retreated after the Federal Reserve signaled more caution about future rate cuts. The Fed meeting results should not surprise investors who have been concerned about "recent continued higher U.S. inflation and activity data," Tony Sycamore, market analyst at IG Australia Pty, wrote in a report. "However, it has served as a catalyst to wash out some of the speculative excesses that have flowed into risk assets such as stocks and Bitcoin after the U.S. election." Since the November 5 election, Bitcoin prices have risen 50%, hitting an all-time high of $108,316 earlier this week. Paul Veradittakit, managing partner at Pantera Capital, said that "all signs point to a bottom and a good outlook for Bitcoin," even if some traders were disappointed with the Fed meeting and took profits. (Bloomberg)

Grayscale announced that its Mini Bitcoin Trust (BTC) will have a net inflow of more than $1 billion in 2024. As of December 17, the ETF has more than $4 billion in assets under management. In July, Grayscale spun off two new ETFs from its older BTC and ETH funds, the Grayscale Bitcoin Mini Trust and the Mini Ethereum Trust. The management fee for the Mini Trust is 0.15%, excluding promotion fees, which is the lowest base fee charged among spot cryptocurrency ETFs.

El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects. source: https://cointelegraph.com/news/el-salvador-bitcoin-payment-voluntary-imf-loan-deal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

미 FOMC는 시장의 예상대로 정책금리를 0.25%포인트 인하하기로 결정했지만, 파월 의장은 기자회견에서 내년 전망에 대해 속도를 늦추고 보다 신중하게 평가할 것이라고 발언하며 금리 인하 횟수를 줄일 것임을 시사했다. 미국 주식 및 암호화폐 시장은 이에 반응해 하락했다. 이를 코인포스트가 19일 전함. 미국 주요 주가지수인 S&P500은 이날 약 3% 하락하며 코로나 쇼크가 발생한 2020년 3월 이후 가장 큰 ... source: https://coincode.kr/28542

A California court has ruled that Coinbase can delist wBTC on the first court date of Sun Yuchen's affiliated company BiT Global's lawsuit against the exchange. Coinbase announced last month that it would delist wBTC on December 19. Last week, BiT Global filed a temporary restraining order in an attempt to prevent Coinbase from delisting the token. The company argued that the move would cause imminent and irreparable harm. However, on Wednesday, U.S. District Judge Araceli Martínez-Olguín said there was no reason to prevent Coinbase from delisting the asset, which has undergone a major transformation in recent months. A person familiar with the lawsuit said in an interview: "They are trying to prevent us from proceeding. The court ruled today that none of the factors they raised meet the requirements." (The Block) Earlier, Coinbase (COIN.O) said that Coinbase would delist wBTC because Sun Yuchen would bring "unacceptable risks."

A Coinbase representative said the exchange may look to sanction the plaintiffs for bringing a spurious lawsuit. source: https://www.theblock.co/post/331589/federal-judge-says-coinbase-can-delist-wbtc-denying-justin-sun-affiliated-bit-globals-bid-for-a-temporary-restraining-order?utm_source=rss&utm_medium=rss

The Dogecoin (DOGE) price took a beating on Wednesday, dumping one 9% as risk assets slumped across the board following a more hawkish than expected policy announcement from the US Federal Reserve. The post Dogecoin Bulls Hold $0.35 Support Level – When Will DOGE Hit $1? appeared first on Cryptonews. source: https://cryptonews.com/news/dogecoin-bulls-hold-0-35-support-level-when-will-doge-hit-1/

Elon Musk is hiring for the Department of Government Efficiency (DOGE), and Steve Davis, president of Musk's tunnel company Boring Co., and Michael Kratsios, former U.S. chief technology officer, are among the potential candidates being interviewed, according to people familiar with the matter. DOGE has hired about 10 people and is looking for software engineers, including those with experience in artificial intelligence. Currently, DOGE operates out of a glass-walled office in Washington, which is rented by SpaceX, another company owned by Musk, about four blocks from the White House. Musk and Ramaswamy, the other head, are still working to determine the structure of DOGE, but they are considering making it a 501(c)(3), according to some of the people familiar with the matter. One complication is that a 501(c)(3) can be either a public charity (which means it must pass a public support test and have at least a third of its donations come from a wide range of supporters) or a private foundation, which has stricter restrictions. It is not clear who will sign the salaries for DOGE employees or whether Musk or Ramaswamy will invest their own money in the project. But the use of SpaceX's offices suggests Musk, the world's richest man with an estimated $458 billion, is footing at least some of the bill. (Bloomberg)

Golden Finance launches the 2543rd issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Abstract Chain, a Layer 2 network designed specifically for on-chain culture and community, will launch its mainnet in January next year.

Meme, What are the upgrades of Eliza V2, the AI ​​Agent framework of ai16z? Golden Finance, What are the differences between the current version and V2?

On December 18, 2024, Binance Alpha announced the first and second batch project lists, namely: KOMA, Cheems, APX, ai16z, AIXBT, CKP, GEAR, SD, SYRUP and FARTCOIN.

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This has been an extremely constructive year for the crypto industry, with significant developments in price action, market structure milestones, and major regulatory and political shifts.

Many Virtual Agents are addressing a variety of specialized use cases

Seven individuals, including a key Indonesian suspect, are being sought in connection with the Gigamax cryptocurrency investment scam, which resulted in RM7.25 million in losses. Authorities have arrested 11 people and are continuing the investigation to uncover the full extent of the fraud.

Market conditions, Crypto market, BTC, On-chain data: Use timestamps and price stamps to determine the top of a large cycle Golden Finance, the pendulum effect of the BTC large cycle.

Sygnum has partnered with Moomoo Singapore to launch a new digital asset fund for accredited investors, aiming to offer diversified strategies in the growing cryptocurrency market. The fund, available in 2025, focuses on active management to maximise returns and manage risks in this emerging asset class.