Treasury Secretary Bessent predicts 3% GDP growth as Trump preps economy tour

nypostPublished on 2025-12-08Last updated on 2025-12-08

Abstract

Treasury Secretary Steven Bessent forecasts 3% GDP growth as former President Donald Trump prepares to launch an economy-focused tour. The announcement highlights key economic priorities and policy directions expected to be emphasized during the upcoming tour.

Coinbase opens Solana DEX access as CeFi and DeFi converge

Coinbase is expanding its support for the Solana ecosystem by enabling users to trade native Solana tokens directly through a decentralized exchange (DEX) integration, bypassing traditional listing requirements. This move allows tokens with sufficient liquidity to become accessible to Coinbase’s user base without a formal listing process. The integration follows a similar rollout for Base blockchain tokens in August and is part of a broader strategy to incorporate DEX support across multiple networks. The announcement comes amid significant growth in Solana’s DeFi ecosystem, including new platform launches and increased on-chain lending and trading activity. Industry reports highlight Solana’s rising dominance in on-chain finance, with institutional-grade DeFi strategies gaining traction. This development reflects a larger trend of centralized exchanges like Coinbase, OKX, and Binance increasingly integrating DEX functionalities, acting as user-friendly frontends for decentralized trading amid growing DEX liquidity and improved user experience.

cointelegraphHace 13 min(s)

Coinbase opens Solana DEX access as CeFi and DeFi converge

cointelegraphHace 13 min(s)

LDPR Calls for Not Banning Cryptocurrencies "Under a Far-Fetched Pretext"

The Liberal Democratic Party of Russia (LDPR) has called for cryptocurrencies not to be banned "under a far-fetched pretext." Party leader Leonid Slutsky stated that cryptocurrencies should be legalized and regulated, framing the issue as one of technological and financial sovereignty. He argued it is impossible to "endlessly prohibit what the whole world is using" and that citizens should be provided with necessary tools for development. Meanwhile, the Central Bank of Russia (CBR) estimates there are about 1 million qualified investors in the country who could be permitted to trade cryptocurrencies after passing a test. The CBR proposes restricting non-qualified ordinary Russians from purchasing crypto to protect them from risks, though bans on holding or selling are not planned. The CBR reported an 18% decline in Russian transactions on foreign crypto exchanges in Q2 and Q3 of 2025 compared to the previous two quarters. The estimated monthly balance of Russians' funds on crypto exchanges fell by 20% to 933 billion rubles, and traffic from Russia to crypto platforms dropped by 28%. The regulator deems it crucial to legalize the crypto market but, according to First Deputy Chairman Vladimir Chistyukhin, also advocates for laws with strict restrictions and prohibitions to be adopted quickly.

RBK-cryptoHace 19 min(s)

LDPR Calls for Not Banning Cryptocurrencies "Under a Far-Fetched Pretext"

RBK-cryptoHace 19 min(s)

Bubblemaps challenges PEPE’s fair launch, alleges 30% of genesis supply bundled

Bubblemaps has challenged the "fair launch" narrative of memecoin PEPE, alleging that approximately 30% of its genesis supply was bundled by a single entity at its April 2023 launch. This contradicts the project’s claim of being a "coin for the people" with no presale allocations. According to the analysis, the same wallet cluster sold $2 million worth of tokens the day after launch, creating significant sell pressure that prevented PEPE from reaching a $12 billion market cap. The token's price has fallen over 81% in the past year. The findings were uncovered using Bubblemaps' Time Travel feature, a forensic tool designed to detect insider activity and prevent rug pulls. The report highlights broader concerns about memecoin scams, citing examples like the WOLF token, which crashed 99% in hours.

cointelegraphHace 33 min(s)

Bubblemaps challenges PEPE’s fair launch, alleges 30% of genesis supply bundled

cointelegraphHace 33 min(s)

Cardano Founder Reacts As NIGHT Token Crashes From $150 To $0.02

Cardano founder Charles Hoskinson reacted to the extreme volatility of the newly launched NIGHT token, which surged to $150 before crashing to $0.02. Despite the sharp drop, Hoskinson defended the launch as Cardano’s strongest ever, highlighting its $1.5 billion fully diluted valuation and immediate listings on major exchanges like Binance Alpha and Kraken. He attributed the price plunge to speculative traders dumping tokens, not a structural failure, and emphasized that NIGHT’s retail-focused, fair launch—without VC involvement—was a return to crypto’s original principles. Hoskinson also positioned Midnight as Cardano’s first "partner chain" and a key competitive advantage for multi-ecosystem growth, aiming to expand the ecosystem to a $10 billion valuation.

bitcoinistHace 33 min(s)

Cardano Founder Reacts As NIGHT Token Crashes From $150 To $0.02

bitcoinistHace 33 min(s)

Bitcoin Treasuries Have Grown 448% Since Jan 2023: Here’s How Much They Hold Now

According to Glassnode data, Bitcoin treasuries held by public and private companies have grown explosively since 2023, increasing by 448% from 197,000 BTC in January 2023 to 1.08 million BTC currently. This represents over 5.4% of Bitcoin's circulating supply, highlighting corporate balance sheets as a significant pillar of demand. MicroStrategy (now Strategy) is the dominant holder with 660,624 BTC, accounting for over 61% of corporate holdings. The trend accelerated in late 2024 and continued strongly throughout 2025, with other firms like Metaplanet also contributing. While Bitcoin treasuries surged, Ethereum also saw significant corporate accumulation, adding 309,000 ETH in November and 100,000 ETH so far in December. Bitcoin's price recently reached $94,500 before retracing to $92,200.

bitcoinistHace 48 min(s)

Bitcoin Treasuries Have Grown 448% Since Jan 2023: Here’s How Much They Hold Now

bitcoinistHace 48 min(s)

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