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.

Elmar Voelker, an analyst at LBBW, said in a report that the interest rate decision at the Federal Reserve's meeting next week is not as clear as forward rates indicate. "In our view, the recent release of U.S. macroeconomic data does not provide a clear template for the upcoming interest rate decision," said the senior fixed income analyst. Voelker said that from the perspective of bond market participants, "a rate cut in December and a pause in January is not much different than "a pause in December and a rate cut in January is implied." LSEG data shows that the money market believes that there is a 94% probability that the Federal Reserve will cut interest rates by 25 basis points next week, while there is a 6% probability that interest rates will remain unchanged. (Jinshi)

According to Odaily, Nexo's research analyst Iliya Kalchev has observed a significant rise in XRP's open interest, suggesting that this fourth-ranked digital asset may remain a focal point in the cryptocurrency sector for the foreseeable future. Kalchev interprets this surge as indicative of an expanding investor base and increased trading activity. A substantial increase in open interest is often seen as a sign of heightened speculative trading, as traders place bets on future price movements. This commentary from Kalchev follows a report by Cryptoquant analysts, which revealed that XRP's open interest had surged by over 30%, pushing the total open interest on major exchanges to $4 billion. However, analyst Maarten Regterschot has reportedly cautioned that this surge might be "leverage-driven," potentially increasing volatility risks. In a statement to Bitcoin.com News, Kalchev attributed this growth to favorable regulatory developments and a rebound in the cryptocurrency market.

According to Odaily, multiple Japanese media outlets report that the Bank of Japan is expected to keep interest rates unchanged in its upcoming meeting next week. Insiders suggest that while Japan's economic and price trends align with expectations, policymakers are closely monitoring wage trends both domestically and globally. These sources indicate that it is unlikely for the Bank of Japan to raise rates during the meetings scheduled for Wednesday and Thursday next week unless there is a significant risk of yen depreciation, which could increase import prices. The last adjustment to the short-term policy rate target, raising it to 0.25%, occurred during a meeting in July. As the December meeting approaches, there is growing concern about the potential impact on Japanese businesses, particularly exporters, due to U.S. President-elect Trump's promise to increase tariffs. Some officials within the Bank of Japan believe it is time to raise rates, but the majority caution against hasty actions. The decision reflects a careful consideration of both domestic economic conditions and international developments.

OKX market data shows that HBAR has broken through 0.33 USDT and is currently trading at 0.33033 USDT, with a 24-hour increase of 10.77%.

According to PANews, the newly appointed Chair of the U.S. House Financial Services Committee, Hill, has outlined the committee's primary areas of focus. Hill emphasized the importance of easing banking regulations, which is expected to facilitate capital formation and encourage more companies to go public. Additionally, addressing the structural issues within the cryptocurrency market is a significant priority. Hill's agenda reflects a strategic approach to enhance the financial sector's efficiency and competitiveness. By alleviating regulatory burdens on banks, the committee aims to create a more conducive environment for financial institutions to operate and innovate. This move is anticipated to stimulate economic growth by enabling easier access to capital for businesses, thereby fostering a more dynamic market landscape. Furthermore, the committee is set to tackle the complexities of the cryptocurrency market. With the rapid evolution of digital currencies, there is a pressing need to establish a robust framework that ensures market stability and protects investors. Hill's focus on resolving these structural challenges indicates a proactive stance towards integrating cryptocurrencies into the broader financial system while safeguarding against potential risks. Overall, the committee's initiatives are poised to have a significant impact on the financial sector, promoting transparency, efficiency, and growth. Hill's leadership is expected to drive these efforts forward, aligning regulatory practices with the evolving needs of the market.

WhiteBIT, a European cryptocurrency exchange is now partnering with Visa to present the WhiteBIT Nova debit card. This card aims to bring crypto payments to everyday life. The card allows European Union residents to spend digital assets and earn up to 10% cashback as a standard benefit. It has a $0 activation fee and high […] The post WhiteBIT, Visa Launch Nova Debit Card: Why Are Crypto... source: https://www.thecoinrepublic.com/2024/12/13/whitebit-visa-launch-nova-debit-card-why-are-crypto-traders-excited/

Hill, the new chairman of the U.S. House of Representatives Financial Services Committee, said that the focus will be on easing bank regulations, addressing capital formation issues so that more companies can go public, and solving market structure problems for cryptocurrencies.

The Bank of Japan is likely to keep interest rates unchanged at its meeting next week, according to multiple Japanese media reports. People familiar with the matter said that Bank of Japan policymakers believe that although the Japanese economy and prices are moving in line with expectations, they should keep a close eye on wage trends in Japan and the global economy. The above-mentioned people familiar with the matter said that policymakers are therefore unlikely to raise interest rates at their meetings next Wednesday and Thursday unless there is a risk of a sharp depreciation of the yen, which would push up import prices. The last time Bank of Japan policymakers voted to raise their short-term policy rate target to 0.25% was at a meeting in July. The December meeting comes amid growing concerns that the profitability of Japanese companies, especially exporters, will deteriorate as U.S. President-elect Trump promises to raise tariffs. Some Bank of Japan officials said it was time to raise interest rates, but most believed the central bank should not act hastily, people familiar with the matter said. (Jinshi)

Broadcom achieved a 220% y/y increase in AI revenue, reaching $12.2 billion over the fiscal year. The post Broadcom’s AI Revenue Soars 220% to $12.2B Amid Growing Demand appeared first on Tokenist. source: https://tokenist.com/broadcoms-ai-revenue-soars-220-to-12-2b-amid-growing-demand/?utm_source=rss&utm_medium=rss&utm_campaign=broadcoms-ai-revenue-soars-220-to-12-2b-amid-growing-demand

BTC, Amazon, Why might tech giants like Amazon be reluctant to buy Bitcoin with cash? Golden Finance, Shareholders need to find a balance between speculative assets and core business investments.

The 2024 FIDE World Championship in Singapore has come to an end, with 18-year-old teenager, Gukesh Dommaraju of India emerging victorious after a gruling 14-match battle with the defending World Champion, Ding Liren from China.

As preliminary data comes out, expectations for the last Federal Reserve interest rate meeting in December 2024, 2024, are beginning to become clear.

Earlier this week, Ethena’s USDe surpassed DAI to become the world’s third-largest stablecoin.

Supplement hot knowledge about Goat and future AI Agents.

Binance Launchpool has launched the 62nd project - Vana (VANA), a native EVM-compatible L1 blockchain for user-held data.

Alexandr Wang and his company is facing a class suit, with allegations of emotional stress for contractors who worked on a self-harm prevention project for meta

This initiative, funded by OpenAI and Microsoft, leverages nearly one million digitised books from Google Books to expand resources for AI training, advancing the use of public-domain literature in AI development.

“Compared to crypto-native narratives like DeFi and NFT or transformative narratives like GameFi, AI is an alien narrative.”

As the funding rates of a large number of altcoins soared to the highest level in nearly three years, this round of sentiment-driven altcoin market finally ushered in a violent shock after the climax.