What caused this round of crypto market decline? What will be the future trend of the Federal Reserve's policy? What do industry insiders think of the current market situation?

IG market strategist Yeap Jun Rong wrote in a report that the trajectory of future rate cuts by the Federal Reserve may depend on the policies of President-elect Trump, which remain unclear at this stage. He said that Trump's initial remarks on tariffs did sound aggressive. However, he added that the extent to which these measures will be implemented is uncertain. Yeap said that as policy becomes clearer, the Federal Reserve may initially tend to a shallower rate cut cycle. He also said that with the end of the Federal Reserve meeting, unless the Bank of Japan makes an unexpected decision, U.S. stocks may gradually rise in the last few weeks of 2024. However, due to the lack of further catalysts, it may be challenging to reach new record highs by the end of the year. (Jinshi)

According to BlockBeats, recent data from Coinglass reveals that the cryptocurrency market has experienced substantial liquidations over the past 24 hours. The total liquidation amount reached $843 million, with long positions accounting for $743 million and short positions making up $100 million. This significant movement in the market highlights the volatility and risks associated with cryptocurrency trading, as traders face substantial losses due to rapid price fluctuations. The data underscores the challenges faced by investors in the cryptocurrency space, where market dynamics can lead to sudden and large-scale financial impacts. The predominance of long position liquidations suggests that many traders were betting on a price increase, which did not materialize, resulting in considerable financial setbacks. This event serves as a reminder of the importance of risk management and the need for traders to remain vigilant in the face of unpredictable market conditions. As the cryptocurrency market continues to evolve, such incidents of large-scale liquidations are likely to persist, reflecting the inherent volatility of digital assets. Traders and investors are advised to stay informed and exercise caution, as the market can shift rapidly, leading to significant financial consequences.

According to Odaily, a notable whale trader has recently completed a profitable Bitcoin shorting operation, earning $800,000. The trader initially borrowed 420 Wrapped Bitcoin (WBTC) from Aave on the 16th and sold them at a price of $103,402 per BTC. This strategic move was part of a short-selling plan. Today, influenced by comments from Jerome Powell, Bitcoin experienced a slight pullback. Seizing this opportunity, the trader repurchased the 420 WBTC at a lower price of $101,482 per BTC, effectively closing the short position and securing the profit. This transaction marks the 21st round of operations for the trader, who has achieved 17 wins and 4 losses in their trading activities.

According to the announcement of WEEX Exchange, the platform has launched the 40th WE-Launch project Artemis (ARTMS). Users who invest ≥ 1,000 WXT before 16:00 UTC+8 on December 23 can share 20,000,000 ARTMS airdrops according to the effective investment ratio. WEEX will launch ARTMS spot trading at 17:00 UTC+8 on December 23. Artemis aims to become the eBay or Amazon in the crypto field, where buyers, sellers, service providers and seekers can complete transactions using cryptocurrencies.

OKX market data shows that SOL fell below 200 USDT and is now at 199.93 USDT, with a 24-hour drop of 8.92%. (This newsletter is generated by AI)

According to on-chain analyst Ember, a whale just bought back the shorted BTC and repaid the loan, making a profit of $800,000. It borrowed 420 WBTC from Aave on the 16th and sold the shorted BTC at $103,402. Today, BTC fell back a bit due to Powell's speech, so the whale bought back the 420 WBTC at $101,482 to repay the loan and ended the shorting operation. Its current total operation rounds have reached 21 rounds, with 17 wins and 4 losses.

According to Foresight News, recent data from Etherscan indicates a significant increase in Ethereum mainnet gas fees, reaching 33 Gwei. This rise in transaction costs means that executing a swap operation on the network now incurs a fee of approximately $45. The surge in gas fees reflects heightened activity on the Ethereum blockchain, which can lead to increased costs for users engaging in transactions or smart contract interactions. The Ethereum network, known for its decentralized applications and smart contracts, often experiences fluctuations in gas fees based on network demand. As more users and developers interact with the blockchain, the demand for processing power increases, leading to higher fees. This recent spike highlights the ongoing challenges faced by Ethereum users, particularly those involved in frequent transactions or complex operations that require substantial computational resources. Efforts to address these issues are ongoing, with Ethereum developers working on various solutions to improve scalability and reduce transaction costs. The upcoming Ethereum 2.0 upgrade, which aims to transition the network from a proof-of-work to a proof-of-stake consensus mechanism, is expected to alleviate some of these concerns by enhancing network efficiency and capacity. However, until these upgrades are fully implemented, users may continue to experience variable gas fees based on network activity levels.

$BTC – 연준의 금리 인하와 파월 의장의 발언으로 비트코인은 하락하여 10만 달러 아래로 떨어졌다(현재 코인마켓캡 기준 전일대비 -5.33%인 99,726달러). $BTC는 9월 이후 가장 큰 폭으로 하락했다. 연준은 금리를 0.25% 인하했고 제롬 파월은 기자회견에서 매파적 발언을 했다. 이로 인해 미국 주식과 암호화폐 시장은 하락세로 돌아섰다. $BTC – 파월 연준 의장은 트럼프의 전략적 비트코인 보유 약속에 비추어 “비트코인을 소유할 수 없다”고 말한다.“우리는 비트코인을 소유할 수 없다. 관련 정책이 바뀌는 것을 기대하지 않는다. 그것은 의회가 할 일이다.” DXY – 달러 인덱스 DXY가 108을 돌파하여 11월 22일 이후 최고치를 기록했다(일반적으로 DXY는... source: https://coincode.kr/28544

According to the official announcement, Upbit said that withdrawals are temporarily delayed due to the increase in USDT withdrawals on the Tron network. Withdrawal requests will be processed in order, and notifications will be issued in a timely manner if additional measures are taken. In addition, the Ethereum network withdrawal service is normal.

Sky co-founder Rune Christensen said that more efforts will be put into the full migration of MKR to SKY in 2025, in part to help eliminate the confusion surrounding MKR and SKY. Christensen said that this will not put the funds of MKR holders at risk, and "the new proposal that is coming will make migration a requirement in order to gain usability from the token." He said that updates and more details about the migration and conversion of MKR to SKY will be announced sometime in 2025. "Our goal is to ensure that both CoinGecko and exchanges only support SKY, and MKR is just a traditional wrapper representing 24,000 SKY per MKR," he added. Sky also plans to launch more subDAOs, namely Stars, in 2025. Christensen said that the change in the economics of the SKY token (making it deflationary) opens the door to a new Star strategy, under which more subDAOs can be launched and have freedom of action. As part of the new model, subDAOs will be launched with a foundation that controls a pool of employee bonuses and makes quick decisions.

Binance partners up with Cristiano Ronaldo to launch "ForeverSkills," its fifth digital collectibles series, celebrating the football legend’s iconic talent and bringing fans closer to the football legend.

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.

It is precisely based on the changes in US regulations that DeFi has become an important narrative in this bull market.

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.