1. President Trump has nominated Bitcoin supporter Stephen Milan to lead his Economic Advisory Council, drawing market attention.
2. CME FedWatch shows that the probability of the Federal Reserve maintaining the current interest rate in January next year is as high as 91.4%.
According to CME's "FedWatch," the probability of the Federal Reserve maintaining the current interest rate in January next year is 91.4%, while the probability of a 25 basis point rate cut is 8.6%. -Original
3. Greeks.live indicates that market risk aversion is strong during the Christmas holiday, with significant outflow pressure.
Greeks.live macro analyst Adam posted on the X platform that this Wednesday is Christmas, and major exchanges in Europe and the U.S. are closed, with crypto funds typically showing outflows this week. Currently, ETFs are the main source of external funds for the crypto market, and the outflow of funds has significantly increased the pressure on the crypto market compared to previous years, leading to strong market risk aversion. Regarding the outlook for the crypto market, this bull market has not yet seen a significant correction, and with tight funds during the Christmas holiday, a deleveraging trend before Trump's inauguration cannot be ruled out, resulting in heightened market risk aversion. In terms of the crypto interest rate market, nearly $12 billion in options are set to expire, accounting for over 40% of the current total open interest, with large players and market makers actively adjusting their positions, providing occasional good opportunities for bargain hunting. The expected volatility for this Christmas week is not large, with the market more focused on betting on the trends before and after Trump's inauguration at the end of January, making it a good opportunity to buy options recently. -Original
4. MicroStrategy founder Michael Saylor hints that the company may increase its Bitcoin holdings again, releasing Bitcoin Tracker information for the seventh consecutive week.
MicroStrategy founder Michael Saylor has released Bitcoin Tracker-related information for the seventh consecutive week, but this time he stated, "The orange dots on the website are incentivizing." (Note: Previously, every time MicroStrategy bought BTC, the website would mark a green dot on the corresponding date, while the BTC price trend line was in blue; this time, the previous green dots on the website have turned into orange dots.) According to past patterns, MicroStrategy always increases its Bitcoin holdings the day after relevant news is released. -Original
5. Barclays expects the Federal Reserve to pause rate cuts after June next year, until mid-2026.
Barclays stated that one of the factors that may keep U.S. interest rates high is U.S. (inflation) policy. At the December meeting, some FOMC participants clearly began to reflect expectations of tariffs in their inflation forecasts. Moreover, even among those who did not adjust their official forecasts, many now believe that the balance of inflation risks tends to be upward. Although Powell did not explicitly answer to what extent the Federal Reserve is inclined to view price level increases related to tariffs, we believe that continuing to cut rates will be a challenge for the Federal Reserve, especially in the context of rising inflation rates in recent years, given that tariffs are expected to exacerbate inflation in the second half of 2025. We expect the Federal Reserve to pause rate cuts after June next year and resume them around mid-2026 after the inflationary pressures from tariffs dissipate. In our baseline scenario, we expect two 25 basis point rate cuts in 2026, with a terminal rate of 3.25-3.50%. -Original
6. This week, approximately $34.6 million worth of MRS tokens will be unlocked, accounting for 1% of the total supply.
This week, five crypto projects will unlock tokens, releasing a total value of approximately $110 million. On December 23, MRS will unlock about 10 million tokens (approximately $34.6 million), accounting for 1.0% of the total supply; on December 25, ENA will unlock about 12.86 million tokens (approximately $13.25 million), accounting for 0.086% of the total supply; on December 26, ADA will unlock about 18.52 million tokens (approximately $16.52 million), accounting for 0.041% of the total supply; on December 27, IMX will unlock about 24.51 million tokens (approximately $32.6 million), accounting for 1.226% of the total supply; on December 27, SOL will unlock about 60,000 tokens (approximately $12.27 million), accounting for 0.009% of the total supply. -Original
7. Important options market trends: nearly $12 billion in options are set to expire this week, accounting for over 40% of total open interest.
8. Michael Saylor states that the upcoming accounting rules may allow MicroStrategy to meet S&P 500 profit requirements.
MicroStrategy Chairman Michael Saylor did not explicitly state whether the company could be included in the S&P 500 in a recent interview, but he mentioned that given the optimistic outlook on Bitcoin, MicroStrategy may report billions of dollars in quarterly net income next year due to the increase in the value of its Bitcoin holdings. The accounting rule changes set to take effect in 2025 may allow MicroStrategy to meet the profit requirements for joining the S&P 500. It is reported that MicroStrategy's traditional software business (its main business before it began purchasing Bitcoin in large quantities in 2020) is relatively small, with a valuation of only about $1 billion. Additionally, this business is in a loss position according to GAAP (Generally Accepted Accounting Principles), making it difficult to meet the inclusion requirements for the S&P 500 index. The upcoming accounting rules will adjust the company's Bitcoin holdings from their current undervalued state to fair market value, potentially leading to significant net income growth when Bitcoin prices rise. However, the S&P Global Index Committee decides on S&P 500 index members by invitation, reviewing profitability, market capitalization, and other factors. -Original
9. Binance co-founder CZ reminds users to transfer cryptocurrencies to addresses they own.
Binance co-founder CZ posted on the X platform that he has recently seen some people receiving cryptocurrencies by accepting private keys or hardware wallets, which is a bad idea because the giver still has access to those cryptocurrencies. Users should transfer cryptocurrencies to addresses they own, or better yet, have the giver send them directly to their own addresses. Allowing two people to access the same key (or mnemonic phrase) is a bad idea. When these cryptocurrencies are moved (or hacked), it is nearly impossible to prove who moved them (or was hacked). -Original
10. Hut 8 CEO of the Nasdaq-listed mining company states that the company chooses to establish a strategic Bitcoin reserve to enhance value creation potential.
Hut 8 CEO Asher Genoot explained on the X platform why the company chose to establish a strategic Bitcoin reserve, stating, "Fundamentals-first operational strategy + proactive capital management = exceptional value creation potential." According to a screenshot shared by Asher Genoot, Hut 8's strategic Bitcoin reserve supports a flywheel effect, combining capital and operational strategies to accelerate value creation across the business. Its capital strategy includes allocating capital to high ROIC projects, capturing BTC price increases, and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on providing exceptional long-term returns to shareholders. Its operational strategy includes scaling and expanding geographic reach, developing a digital infrastructure platform, expanding BTC mining scale, and reducing BTC mining costs. -Original
11. Shendu Blockchain Live Room analyzes the Bitcoin market trend, pointing out that the market trend has not deteriorated and suggests low-key operations.
12. Greeks.live reveals that the market is betting on the trends before and after Trump's inauguration at the end of January, and buying options is a good opportunity recently.
Greeks.live macro analyst Adam posted on the X platform that this Wednesday is Christmas, and major exchanges in Europe and the U.S. are closed, with crypto funds typically showing outflows this week. Currently, ETFs are the main source of external funds for the crypto market, and the outflow of funds has significantly increased the pressure on the crypto market compared to previous years, leading to strong market risk aversion. Regarding the outlook for the crypto market, this bull market has not yet seen a significant correction, and with tight funds during the Christmas holiday, a deleveraging trend before Trump's inauguration cannot be ruled out, resulting in heightened market risk aversion. In terms of the crypto interest rate market, nearly $12 billion in options are set to expire, accounting for over 40% of the current total open interest, with large players and market makers actively adjusting their positions, providing occasional good opportunities for bargain hunting. The expected volatility for this Christmas week is not large, with the market more focused on betting on the trends before and after Trump's inauguration at the end of January, making it a good opportunity to buy options recently. -Original
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