Trump narrows down the Fed chair candidate pool to Kevin Wash and Kevin Hasset, with Wash's chances of being elected rising to 39% and Hasset's dropping to 54%. Trump favors Wash, believing both support lower interest rates, which the market has already anticipated.

Odaily Planet Daily reports that negotiations in the U.S. Senate over the Cryptocurrency Market Structure Act have not yet resolved multiple disagreements, and substantial progress may be delayed until January next year. The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, hosted by President Donald Trump's crypto advisor Patrick Witt. The negotiations involve four parties: Senate Democrats, Republicans, the White House, and the crypto industry, with four major disagreements still to be resolved. These disagreements include ethical standards for government officials' involvement in digital assets, especially regarding President Donald Trump’s participation, whether stablecoins should be tied to yields, and the U.S. Securities and Exchange Commission (SEC)’s jurisdiction over tokens and its authority to regulate decentralized finance (DeFi). Patrick

After the Federal Reserve cuts interest rates, the market focuses on the release of employment, inflation, and retail sales data to analyze future economic trends. Next week, CPI data will be key to dollar fluctuations and may influence the Fed's interest rate cut policy.

Odaily Planet Daily reports that HaLLu has announced it has reached in-depth cooperation with 4 strategic partners. The four parties will collaborate comprehensively on ecosystem construction, liquidity support, technology refinement, and community operation to accelerate the project's progress. Additionally, HaLLu stated that the IDO is in the final sprint stage; the new charter and the next phase roadmap will also be announced soon.

Foresight News report, Multicoin Capital Managing Partner Tushar Jain and Jito Governance Lead Nick Almond jointly released "The Solana Constitution" proposal at the Solana Breakpoint conference, aiming to address the current ambiguity in Solana governance. The core of the proposal introduces the "Staker Override," allowing stakers to overturn their delegated validators' voting decisions on specific proposals, thereby solving the agent problem in representative democracy and granting ultimate sovereignty to stakers. The proposal recommends a dual-track system: SGPs for systemic changes require full network voting, while technical specifications

Foresight News现场报道, Cryptocurrency financial services company Abra CEO Bill Barhydt announced at the Solana Breakpoint conference the launch of AbraFi, a synthetic asset tokenization platform based on Solana. AbraFi will be released to the public in the form of a DAO, not owned by Abra Inc. Governance token AFI holders will receive a majority of the protocol's revenue share and have governance rights over the product mechanism. The first product of AbraFi is a synthetic US dollar.

Foresight News现场报道，Solana ecosystem Prime broker Project 0 founder MacBrennan Peet announced at the Solana Breakpoint conference that Project 0 plans to launch its token in the first quarter of next year. Currently, the Project 0 system holds approximately $300 million in funds, has integrated Kamino, and will integrate Drift in January next year. In the first half of next year, it will also integrate Jupiter Lend. Additionally, MacBrennan Peet announced that the payment product Project 0 will be launched in January next year.

Odaily Planet Daily News: Chicago Federal Reserve President Goolsbee stated on Friday that he opposes the Federal Reserve's recent 25 basis point rate cut decision, believing that before further rate cuts are made, more data on inflation and the labor market should be awaited, especially given that businesses and consumers remain highly concerned about rising prices. Goolsbee is one of three officials who voted against the decision in the Fed's 9:3 vote this week. He advocates delaying the rate cut until early next year. He explained, “Given that inflation has been above the target for four and a half years in a row, progress has stalled in recent months, and nearly all the businesses and consumers we have contacted within our district regard prices as a primary concern, I believe a more cautious approach is to wait for more information.” He also stated that if future data show inflation is returning to the Fed's 2% target, he remains “optimistic that” rates could be “significantly lowered next year.” (Jin10)

Odaily Planet Daily reported that the S&P 500 Index closed at a new all-time high again on Thursday. While this is not uncommon in 2025, it has been six weeks since the last record was broken. Ed Clissold, Chief US Strategist at Ned Davis Research, said, “Considering that US companies continue to deliver strong earnings reports, and the US economy has proven to be resilient, the current market sentiment is far from euphoric, which means there is still room for further gains by the end of the year and into early next year.” Noticing that investor enthusiasm is not only subdued at Ned Davis Research, even though the stock market is at an all-time high. Barclays’ “Stock Market Euphoria Indicator” has stabilized but remains well below its early October peak, indicating that the market still has “dry gunpowder” to drive potential year-end gains. (Jinshi)

Odaily Planet Daily News: The Federal Reserve signaled this week its openness to continue cutting interest rates in 2026, which was welcomed by investors. The market had previously prepared for the central bank to implement "hawkish rate cuts," i.e., lowering the benchmark federal funds rate, while also strongly indicating a reluctance to make further adjustments. The US stock market rose along with bonds, with the Dow Jones Industrial Average climbing nearly 650 points (1.3%) on Thursday, reaching a new all-time high. Despite internal disagreements within the Fed and the release of complex signals on Wednesday, many still see signs that even a slight further softening of the labor market could prompt the central bank to cut rates again in the coming months. The Fed announced it will expand its balance sheet by purchasing short-term government bonds, an initiative aimed at easing recent pressures in the overnight lending market, which also reassured investors. Investors expect that the Fed will be very different next year, and Trump has already begun to target this week.

The 171st Ethereum Consensus Layer core developer meeting discussed retaining trustless payments as part of the Glamsterdam upgrade and removing the mandatory inclusion list for fork choice. The Fusaka upgrade has been successfully launched, and the network is stable. The meeting also discussed multiple proposals and plans to schedule the Heka upgrade in January next year.

Foresight News现场报道，stablecoin payment platform KAST founder and CEO Raagulan Pathy introduced several product updates at the Solana Breakpoint conference, including: now supporting payments via SWIFT to over 125 countries or regions, with no fees for amounts exceeding $5000; plans to expand real-time payments to 55 countries or regions in the coming weeks using local payment channels such as Brazil's Pix and India's UPI; will launch the Savings Vault feature in collaboration with Gauntlet next week, with an approximate yield of 7%, which will support direct consumption and collateralized lending in the future; has opened the enterprise version waiting list; launched KAST.

BlockBeats News, December 12 — Cindy, co-founder of Solana ecosystem DeFi protocol Drift, stated at the Solana Breakpoint conference, "We will launch a mobile app in the first quarter of next year. This will be the first native application integrated with a multi-collateral account on mobile, and it will also include: Launch App"

Foresight News: The co-founder of token sales platform Legion, Matt OConnor, stated at the Solana Breakpoint conference that Legion will launch multiple Solana ICO projects within the next 60 days and plans to introduce compliant rights sale features in the first quarter of next year, providing a compliant path from seed rounds to public token issuance. Matt OConnor pointed out that the traditional dual-capital structure of "equity + tokens" has caused approximately $250 billion in value destruction over the past five years, resulting in VC protections for equity holders while token holders suffer. Legion aims to promote "Tokens as Rights"

Bitcoin has recently been lacking upward momentum, with a clear bearish flag pattern appearing on the technical chart, triggering market concerns about the next target price level. Several traders believe that Bitcoin's short-term risks are rapidly accumulating, and if it breaks below a key support level, it could trigger a deeper correction, with a target price of USD, potentially extending down to the @E5@ USD region. Trader Roman emphasized in the latest analysis that Bitcoin faces an approximately 17% potential decline. He pointed out that since Bitcoin hit a low near USD, the price has failed to rebound effectively and has been oscillating within an upward channel. This kind of pattern is highly likely to develop into a bearish flag. Under this pattern, Bitcoin may continue to make lower lows after a brief rebound.

PANews December 12th News, according to three sources, the Bank of Japan may maintain its commitment to continue raising interest rates next week, but will emphasize that the pace of further hikes will depend on how the economy responds to each increase. BOJ Governor Haruhiko Kuroda has essentially announced in advance that there will be a rate hike in December, and the market has almost fully priced in the possibility of raising rates from 0.5% to 0.75% in December. The market's focus has shifted to how much the BOJ can raise interest rates to a neutral level. Sources say that although the central bank may internally update its estimate of the policy rate relative to what is considered a neutral level, it will not use this estimate as the main communication tool for future rate hike paths due to the difficulty of making precise predictions. Instead, sources say the BOJ will explain that future rate hike decisions will be based on considerations of how past increases have affected bank lending, corporate financing conditions, and other economic activities. One source stated

The Depository Trust & Clearing Corporation (DTCC) recently received a No-Action Letter from the U.S. Securities and Exchange Commission (SEC), allowing it to develop traditional asset tokenization services over the next three years. This development not only marks a critical step toward the blockchain integration of the U.S. financial markets but also brings significant positive news for Chainlink, as the two parties have maintained close cooperation since 2024. According to the announcement, the Depository Trust Company (DTC), a subsidiary of DTCC, will launch a controlled production environment in the second half of 2026, officially issuing tokenized securities on approved Layer 1 and Layer 2 blockchain networks. The initial batch of tokenized assets will include highly liquid targets such as Russell 1000 index constituents, major ETFs, and U.S. government bonds, including Treasury bills and long-term bonds. During the initial phase, this service will only be open to DTC participants and their clients for strict monitoring.

On Thursday, the US stock market retreated, with Oracle's stock price plunging over 11%, marking the largest drop in nearly a year. The market is once again worried that the rapid growth of artificial intelligence (AI)-related capital expenditures, which far exceeds actual returns, could put pressure on the balance sheets of tech giants. In contrast, the cryptocurrency market performed relatively stably, forming a mild decoupling from the weak performance of tech stocks. Data shows that Bitcoin (BTC) has rebounded above $92,000, maintaining a slight upward trend after holding onto key support levels, rising approximately 2.6% for the day. Traders are more focused on the maintenance of trend structure, with capital flowing into large-cap assets and risk appetite remaining cautious. Ethereum (ETH) also rose to around $3,260, while SOL increased by over 6%, outperforming mainstream assets and indicating a market recovery in demand for high-volatility Layer-1 tokens.

In Q4 2025, the pace at which companies are purchasing Bitcoin (BTC) has significantly slowed, with 65% of listed companies currently holding Bitcoin at a price below their cost basis, resulting in unrealized losses. Against the backdrop of more cautious corporate fund management, Bitcoin miners are gradually becoming the most stable accumulation force in the public market, laying the foundation for corporate adoption in the next stage. Entering November, Bitcoin's price recorded the largest monthly decline of the year, dropping 17.67%, causing many corporate investors who built positions during 2025 to incur losses. According to the latest Bitcoin Treasuries report, more than two-thirds of the 100 listed companies in the sample are holding positions with unrealized losses, leading to a cooling market demand.

BlockBeats News, December 11 — Bitwise Co-Founder and CIO stated at the Solana Breakpoint Conference that compared to networks like Ethereum, applications on Solana truly utilize the last 1% of performance, providing users with the next marginal liquidity and scalability. On many chains, running a node is just "downloading software and double-clicking to start"; who stakes more or less, and what applications can be made for the network and users, hardly makes any difference. But on Solana, the application landscape changes daily, with protocol layer, performance, and capacity rapidly iterating; node performance directly determines the ceiling. It is precisely because of this that we pay extra attention: as this product (referring to staking ETFs/trusts) locks more and more SOL and its weight increases, the ecosystem, developers, users, and even the entire community must feel

BlockBeats News, December 11 – According to CoinDesk, asset management platform Nexo has acquired Argentine crypto investment platform Buenbit, with the specific transaction amount not disclosed. This deal aims to deepen Nexo's presence in Latin America, enabling it to operate under Argentina's regulatory framework and reach Buenbit's user base in the country and Peru. After the transaction is completed, Buenos Aires will serve as Nexo's Latin American headquarters, supporting its expansion into Mexico and Peru. Nexo operates in over 150 jurisdictions with an asset management scale of approximately $11 billion. Buenbit is registered with Argentina's National Securities Commission (CNV) and offers fiat-to-crypto services. Additionally, the Central Bank of Argentina is drafting new regulations planning to allow banks to provide cryptocurrency-related services to customers in the first half of next year.

Deluthium has partnered with Amber Group and Jovay Network to create tokenized equity trading infrastructure for the Asian market, addressing issues such as liquidity fragmentation, high trading costs, and lack of privacy, establishing new standards and enhancing on-chain asset management efficiency for institutional investors.

BlockBeats News, December 11 — Ethereum treasury company BitMine Chairman Tom Lee stated in the latest podcast Altcoin Daily that the current price of Ethereum reflects not what happened today, but the future. So don’t expect it to rise every day; you need to bet on the "super cycle." Tom Lee believes that the biggest misconception is: even if you discount the future EQM to $5,000 or even $3,000, the end price of Ethereum ten years from now could still be $100,000. "This small difference today is just a tiny fluctuation in the discount rate." But everyone wants instant gratification — press the buy button and make money the next day; if it doesn’t rise, "this coin is a scam." They think they can press the button 1,000 times and win 1,005 times, but in reality, no one can do that.

Strategy Inc joins the open semantic standards alliance led by Snowflake, aimed at promoting cross-vendor semantic metadata exchange standards, enhancing data consistency in AI and BI applications, and supporting the development of next-generation AI applications.

金色财经报道，汇丰证券预测，美联储明后两年将维持利率稳定在周三所设定的3.5%-3.75%区间。此前美联储政策制定者以分化的表决结果将利率下调了25个基点。该机构的美国经济学家Ryan Wang在12月10日的报告中指出，美联储主席杰罗姆·鲍威尔在会后新闻发布会上“对明年FOMC是否及何时进一步降息的问题持开放态度”。“我们认为，FOMC在整个2026年和2027年将维持联邦基金利率目标区间在3.50%-3.75%不变，但随着经济的演变，和过去一样，需始终关注这一展望面临的重要双向风险”。

BlockBeats News, December 11 — Jito co-founder and CEO buffalu stated at the Solana Breakpoint conference that Solana is winning the speed race, and this has become very evident. "In the past few years, we have witnessed a 6-fold increase in transactions per second, thanks to the joint efforts of all Solana ecosystem engineers and excellent application developers. In the chart on the right, you can see the continuous growth of block space over the past few years. Earlier this year, Solana's per-block compute limit was approximately 48 million compute units, which then increased to 50 million, 60 million compute units. It is expected to jump to 100 million compute units early next year and continue to grow exponentially."

This article summarizes cryptocurrency news as of December 11, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. If SpaceX goes public next year with a valuation of $1.5 trillion, Elon Musk is expected to become the world's first "trillionaire." 2. Payment giant Stripe acquires the Valora wallet team to expand its stablecoin services. 3. The US OCC warns Wall Street about the "de-banking" issues in the digital asset industry, stating that such practices are "illegal."

Bitcoin remains resilient after the Federal Reserve's third rate cut this year, with a brief correction but still stabilizing above $90,000. Over the past 24 hours, the cryptocurrency market has declined by about 3%, mainly due to traders' disappointment over policy expectations not being met and large holders selling off. Previously, the market widely anticipated a more dovish stance, so after briefly reaching $92,000, Bitcoin experienced profit-taking, causing Ethereum, Solana, XRP, ADA, and Dogecoin to fall in tandem. The overall market capitalization also decreased from $3.22 trillion to $3.07 trillion. There are still disagreements within the Federal Reserve regarding the future direction of monetary policy, and the plan to possibly purchase up to $40 billion in Treasury bonds over the next 30 days further increases market uncertainty. With no additional rate cuts scheduled in the near term, investors will focus on the next FOMC meeting in January 2026.

PANews December 11 News, Li Zhen Guo, Vice Chairman of UBS Global Investment Bank, stated that the Hong Kong Exchange's Rule 18C opens a new listing channel for tech companies. It is expected that 150 to 200 companies will list in Hong Kong next year, with an IPO total scale of approximately 300 billion yuan, ranking first globally. He also believes that consumer goods, high-tech, and artificial intelligence will continue to be the themes for next year. Continuous interest rate cuts will remain a market focus, and the stabilization of domestic consumption is also beneficial for market development. Additionally, overall stock valuations in Greater China are somewhat discounted compared to US stocks, making them attractive.

Reuters survey shows that most economists expect the Bank of Japan to raise interest rates by 25 basis points to 0.75% at the December meeting and to increase borrowing costs to at least 1% by the end of September next year. Inflation risks and yen weakness are prompting the government to support this decision.

IO.NET releases the simplified white paper of the Incentive Dynamics Engine (IDE), introducing a new token economic model to replace traditional inflation mechanisms. IDE aims to reduce the circulating IO tokens, ensure the health and sustainable development of the network, and plans to start collecting community feedback in 2025.

Polygon network upgrades through Madhugiri hard fork, increasing TPS to 1,400 transactions per second. The plan is to raise it to 5,000 transactions per second in the next 6 months, and further increase to 100,000 transactions per second within 12-24 months, aiming to become the world's preferred blockchain for payments.

Alliance DAO Co-Founder QW stated that he no longer seeks to win debates but is willing to compare the weighted index of self-selected public chains with the full-score project portfolio he listed, to explore the fundamental advantages of long-term investments in quality projects.

The Norges Bank announced that there is currently no need to issue a Central Bank Digital Currency (CBDC), as the domestic payment system is efficient, secure, and has an emergency mechanism. The central bank governor stated that if necessary, they will consider launching a CBDC, while also monitoring global digital currency developments and planning to release a research summary next year.

BlockBeats News, December 10 — After investing hundreds of billions of dollars to build the most expensive team in tech history for months, Meta CEO Zuckerberg is now deeply involved in daily R&D and is pushing the company's strategy toward directly monetizable AI models. According to sources, a new model codenamed "Avocado" is expected to be released in Spring 2026 and may be launched in a closed-source manner (i.e., strictly controlled by Meta and sold for access). This move marks a significant deviation from Meta's long-standing advocacy of an open-source approach. Zuckerberg is dedicating a large amount of time to a core team called TBD Lab, which, during the training of Avocado, even integrated third-party models including Google Gemma, OpenAIgpt-oss, and Alibaba Qwen. Meanwhile, M

The Federal Reserve will announce its interest rate decision on December 10th. The market expects a rate cut and possibly hints at a hawkish rate path for next year. Investors anticipate two more rate cuts by the end of 2026, with the benchmark rate remaining at 3.00%-3.25%. Analysts indicate that the new forecast reflects unease about rate cuts.