According to PANews, the Avalanche Foundation, despite holding AVAX tokens valued at approximately $3 billion, has successfully raised $250 million through a private token sale. This fundraising effort was led by prominent investors Galaxy Digital, Dragonfly, and ParaFi Capital. Over 40 additional companies participated in the funding round, including SkyBridge and Morgan Creek Digital. The decision to conduct a private token sale, despite the substantial value of AVAX tokens already held by the foundation, highlights the ongoing interest and confidence in the Avalanche network. The funds raised are expected to support the continued development and expansion of the Avalanche ecosystem, which aims to provide a scalable and efficient platform for decentralized applications. This strategic move by the Avalanche Foundation underscores the growing trend of blockchain projects securing significant investments from established financial entities. The involvement of major players like Galaxy Digital and Morgan Creek Digital further emphasizes the increasing integration of traditional finance with the burgeoning blockchain sector. As the Avalanche network continues to evolve, the additional capital is anticipated to bolster its infrastructure and enhance its competitive position in the rapidly expanding decentralized finance landscape.

Ringfence, a Web3 project that enables creators and artists to monetize their works while maintaining secure ownership, announced on the X platform that Data Agents sales have officially gone live. Data Agents is the first instance of an agent workforce deployed on the network, supporting the acquisition, construction, and cleaning of data, and selling it to buyers such as DeSci projects and AI models. Similar to ASICs on the Bitcoin ecosystem, Data Agents keep the Ringfence protocol operable and decentralized, and is committed to ensuring that data reaches the projects that need it most, while data contributors are paid. It is reported that Data Agents can provide support for decentralized AI and are expected to bring rewards to owners every day starting from the mainnet launch (planned for January next year).

Aethir, a decentralized cloud infrastructure provider, announced on the X platform that it plans to co-sponsor the Solana AI Hackathon AI Agents x MEMEs track with hAIyez, with a prize of $15,000. Solana officials announced yesterday that the first Solana AI Hackathon is now online. The specific content of this event includes more than $185,000 in cash rewards, six major tracks on AI Agent, globalization and onlineization. It is reported that the event time is from December 10th to 23rd.

According to Odaily, the United States reported a higher-than-expected core Producer Price Index (PPI) annual rate for November, reaching 3.4%. This figure surpasses the anticipated 3.2% and marks an increase from the previous value of 3.10%. The core PPI monthly rate for November aligned with expectations at 0.2%. However, the prior month's figure was revised from an initial 0.00% to 0.30%. The core PPI is a critical economic indicator that excludes food and energy prices, providing insight into underlying inflation trends. The increase in the annual rate suggests persistent inflationary pressures within the economy, which could influence future monetary policy decisions. Economists and market analysts closely monitor these figures as they assess the economic landscape and potential impacts on interest rates. The revision of the previous month's core PPI monthly rate indicates adjustments in economic data collection and analysis, reflecting the dynamic nature of economic indicators. As the year progresses, these figures will continue to play a significant role in shaping economic forecasts and policy considerations.

According to PANews, Grayscale has announced the launch of a new trust fund focused on Lido DAO. This initiative aims to provide investors with an opportunity to engage with the Lido DAO ecosystem. Grayscale's move to introduce this trust fund reflects its ongoing strategy to expand its portfolio and offer diverse investment options in the cryptocurrency space. The Lido DAO Trust Fund is designed to cater to the growing interest in decentralized finance (DeFi) platforms, allowing investors to gain exposure to the innovative solutions offered by Lido DAO. Lido DAO is known for its role in the DeFi sector, particularly in providing staking solutions for Ethereum and other blockchain networks. By creating a trust fund centered on Lido DAO, Grayscale is tapping into the increasing demand for DeFi-related investment products. This development is part of a broader trend where traditional financial institutions are exploring ways to integrate cryptocurrency and blockchain technology into their offerings. Grayscale's introduction of the Lido DAO Trust Fund underscores the company's commitment to staying at the forefront of the evolving digital asset landscape.

According to BlockBeats, BlackRock has indicated that allocating up to 2% of its investment portfolio to Bitcoin is considered a reasonable range. This information was reported by Bloomberg Terminal on December 12. The statement reflects BlackRock's growing interest in cryptocurrency as a viable asset class within its diverse investment strategies. The decision to consider Bitcoin allocation comes amid increasing institutional interest in digital currencies. BlackRock's acknowledgment of Bitcoin as a potential component of its portfolio underscores the evolving perception of cryptocurrencies in the financial sector. As one of the world's largest asset management firms, BlackRock's stance could influence other institutional investors to explore similar strategies. This move aligns with a broader trend of traditional financial institutions integrating digital assets into their portfolios. The potential allocation to Bitcoin suggests a strategic approach to diversify investments and capitalize on the growing acceptance of cryptocurrencies. BlackRock's consideration of Bitcoin highlights the asset's potential role in modern investment portfolios, balancing risk and opportunity in the rapidly changing financial landscape.

According to BlockBeats, on December 12, the release of the U.S. initial jobless claims and Producer Price Index (PPI) data led to a narrowing of the decline in U.S. Treasury yields. Following the announcement, the U.S. Dollar Index (DXY) experienced a brief drop of 10 points, currently standing at 106.72. The economic data provided insights into the current state of the U.S. economy, influencing market reactions. The initial jobless claims data is a key indicator of labor market health, while the PPI offers insights into inflationary pressures from the perspective of producers. These figures are closely monitored by investors and policymakers as they can impact monetary policy decisions and market expectations. The movement in the U.S. Dollar Index reflects the market's immediate response to the data, highlighting the sensitivity of currency markets to economic indicators. The DXY, which measures the dollar against a basket of other major currencies, is a crucial tool for assessing the dollar's strength and its impact on global trade and investment flows. Overall, the release of these economic indicators underscores the interconnectedness of financial markets and the importance of timely data in shaping market dynamics. As investors digest the implications of the latest figures, the focus will likely remain on how these data points influence future economic policy and market trends.

The number of Americans filing for unemployment benefits unexpectedly rose last week, with the number of people receiving benefits continuing to rise at the end of November compared with the beginning of the year as labor demand cooled. The Labor Department reported on Thursday that initial claims for unemployment benefits rose by 17,000 to a seasonally adjusted 242,000 in the week ended December 7. Economists had expected only 220,000 initial claims last week. The jump in initial claims last week may reflect volatility after the Thanksgiving holiday and may not mark a sudden shift in job market conditions. Initial claims may still fluctuate in the coming weeks, which could make it difficult to get a clear read on the job market. According to CME's "Fed Watch," the probability that the Fed will keep the current interest rate unchanged by December rose slightly to 3.3%, and the probability of a cumulative 25 basis point rate cut fell slightly to 96.7%.

صوّت مجلس مدينة “فانكوفر” لصالح اقتراح يقوده العمدة “كين سيم” لاستكشاف استخدام البيتكوين في العمليات المالية البلدية. يشمل الاقتراح دراسة إمكانية الاحتفاظ بالبيتكوين كأصل احتياطي وقبوله كوسيلة للدفع، في خطوة تهدف إلى جعل فانكوفر مدينة صديقة للبيتكوين. التفاصيل: حصل الاقتراح على دعم ستة مستشارين من المجلس، بينما تعهد العمدة بالتبرع بمبلغ 10,000 دولار من البيتكوين … The post مدينة “فانكوفر”... source: https://arab-btc.net/vancouver-approves-motion-to-explore-btc/

Traders increase bets on Fed rate cut next year

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