Bitpush Daily News Highlights: Fed cuts rates by 25 basis points as expected; Fed to purchase $40 billion in Treasury bills within 30 days; Gemini approved by CFTC to enter prediction market

比推Published on 2025-12-10Last updated on 2025-12-10

Abstract

Federal Reserve cuts interest rates by 25 basis points as expected, bringing the benchmark rate to 3.50%-3.75%. The Fed will purchase $40 billion in Treasury bills over the next 30 days. Gemini receives CFTC approval to enter the prediction market with its new platform, Gemini Titan, initially offering binary contracts and planning to expand into crypto derivatives. State Street Bank and Galaxy Digital announce plans to launch SWEEP, a tokenized liquidity fund on Solana in 2026, using PayPal’s PYUSD stablecoin for redemptions. If SpaceX IPOs at a $1.5 trillion valuation, Elon Musk’s net worth could reach $952 billion. Sei partners with Xiaomi to pre-install a Web3 wallet and app discovery platform on new smartphones outside China and the US, with plans to introduce stablecoin payments in retail by 2026.

Web3 news selected daily by Bitpush editor:

【Fed cuts rates by 25 basis points as expected, meeting market expectations】

Bitpush News: The Federal Reserve has lowered the benchmark interest rate by 25 basis points to 3.50%-3.75%, marking the third consecutive meeting with a rate cut, in line with market expectations. The cumulative rate cut for the year has reached 75 basis points.

【Fed to purchase $40 billion in Treasury bills within 30 days】

Bitpush News: The Federal Reserve FOMC statement announced that it will purchase $40 billion in Treasury bills over the next 30 days.

【Gemini approved by CFTC to enter prediction market】

Bitpush News: U.S. cryptocurrency exchange Gemini announced that it has officially received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM). It will soon launch a prediction market platform called Gemini Titan.

According to the official statement, the platform will initially offer binary contract products based on future events and plans to gradually expand into crypto futures, options, and other CFTC-regulated derivative markets in the future. Gemini President Cameron Winklevoss stated in the declaration that prediction markets have significant development prospects and expressed appreciation for the innovative regulatory approach supported by CFTC Acting Chairman Caroline Pham.

Notably, U.S. regulatory agencies have shown a positive adjustment in their policy stance toward prediction markets. Leading prediction platforms Kalshi and Polymarket have seen significant growth in trading volume, while former President Trump's social media company recently announced a partnership with Crypto.com to develop prediction market business.

In addition to Gemini, mainstream exchanges like Coinbase have also made preliminary布局 in prediction market-related technologies. Industry data shows that prediction market partner Robinhood once contributed over 50% of Kalshi's trading volume.

【State Street Bank and Galaxy to launch tokenized liquidity fund SWEEP on Solana in 2026】

Bitpush News: State Street Bank and Galaxy Asset Management jointly announced plans to launch a tokenized liquidity fund called "SWEEP" on the Solana blockchain in early 2026. The fund will use PayPal's stablecoin PYUSD to enable round-the-clock subscriptions and redemptions, initially targeting qualified institutional investors with on-chain cash management tools. Ondo Finance has committed approximately $200 million as startup capital.

According to the statement, the product aims to help institutions hold on-chain cash-like assets without sacrificing liquidity. Kim Hochfeld, Global Head of Cash and Digital Assets at State Street Bank, stated that this collaboration will "jointly promote the evolution of traditional finance into the on-chain ecosystem."

The fund will initially operate on Solana, with plans to expand to the Stellar and Ethereum networks later. This is another important布局 in institutional-grade on-chain finance following their collaboration on digital asset ETFs in 2024.

【If SpaceX IPOs at a $1.5 trillion valuation, Elon Musk's net worth will reach $952 billion】

Bitpush News: If SpaceX successfully goes public next year with a valuation of $1.5 trillion, global richest person Elon Musk's wealth could increase by $491 billion, bringing his total assets to $952 billion.

According to estimates, if SpaceX goes public with a valuation of $1.5 trillion, Elon Musk's stake in SpaceX would be worth over $625 billion. Currently, Elon Musk's personal net worth is $460.6 billion, with his SpaceX equity valued at approximately $136 billion. Elon Musk holds about 42% of SpaceX's shares. SpaceX's IPO is the second clear path for Elon Musk to become the world's first trillionaire, following last month's approval of Tesla's trillion-dollar compensation package.

【Sei partners with Xiaomi: New phones to pre-install Web3 App, advancing stablecoin payment system】

Bitpush News: Sei announced a major partnership with global consumer electronics giant Xiaomi: All new Xiaomi smartphones sold outside mainland China and the U.S. will come pre-installed with a next-generation加密 wallet and app discovery App based on Sei. Plans are also underway to launch stablecoin payment functionality in Xiaomi's global retail system. Details include:

Pre-installed App: Supports one-click setup with Google/Xiaomi ID, built-in MPC wallet security, access to multiple popular DApps, P2P transfers, and C2B payment capabilities.

Priority markets: Europe, Latin America, Southeast Asia, Africa, and other regions with mature加密 adoption; Xiaomi holds leading market shares in Greece (36.9%) and India (24.2%).

Payment system plan: Developing stablecoin (e.g., USDC) payment functionality, expected to launch first in Hong Kong and the EU in Q2 2026, with gradual expansion to more compliant markets.

Xiaomi's influence: Sold 168 million phones globally in 2024, capturing 13% market share and ranking among the top three globally. Pre-installed apps will cover all new devices and be pushed to existing users.

Sei believes this move will transform加密 from user-initiated seeking to automatic user reach. With sub-second finality and high TPS, Sei can support large-scale consumer-grade Web3 application adoption.

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Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

Cardano founder Charles Hoskinson dismissed rumors of his departure, clarifying in a June 4 livestream that he is only stepping back from public communication, not resigning from the project. This followed community concern after his "taking a break" post on X. Hoskinson cited an unsustainable level of online toxicity, with nearly one-third of replies to his posts being hostile or abusive, making meaningful engagement nearly impossible. While acknowledging X's role in crypto information flow, he stated the psychological cost is too high. He emphasized his focus remains on technological development like RealFi, Midnight, and research, not on ADA's price. Hoskinson described a "tale of two Cardanos": significant protocol advancements versus poor market performance leading critics to label it a failure. He called for the community to resolve this dissonance by moving discussions away from X, rethinking incentives, and developing a new shared roadmap. He was critical of the Cardano Foundation's lack of accountability. Hoskinson announced he will take time away from public videos and social media to reflect, but will continue working on Midnight. He stated he will only engage in channels where he is treated with respect and dignity.

bitcoinist50m ago

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

bitcoinist50m ago

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

The Federal Open Market Committee (FOMC) is scheduled to meet on June 16-17, with markets widely expecting the Fed to maintain interest rates at their current level of 3.5-3.75%. According to the CME FedWatch Tool, there is a 99.4% probability of rates remaining unchanged. The outcome of this meeting is anticipated to impact Bitcoin's price. If rates are held steady, Bitcoin's current market trajectory is likely to continue unchanged. Conversely, an unexpected rate hike could trigger bearish sentiment by reducing investor risk appetite and market liquidity, potentially leading to sell-offs. A rate cut, though currently considered improbable, would be the most bullish scenario, encouraging investment in risk assets like Bitcoin and potentially driving its price higher.

bitcoinist2h ago

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

bitcoinist2h ago

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

Anthropic has confidentially filed for an IPO, led by Morgan Stanley and Goldman Sachs, potentially going public by October. Following its latest $650 billion funding round, its pre-IPO valuation stands at $965 billion, with projections reaching up to $2 trillion at listing, which would make it the highest-valued private company ever. The article, written by Fu Sheng, addresses skepticism that this represents an AI bubble akin to the 2000 dot-com crash. It argues the current situation differs fundamentally. Unlike the internet bubble era, which relied on speculative narratives with little revenue, Anthropic's valuation is backed by unprecedented, measurable financial performance. Key data points include: * **Revenue Growth:** ARR skyrocketed from $10 billion in early 2025 to $470 billion by May 2026, targeting $100 billion by year-end—a growth curve unmatched in business history. * **Profitability:** It achieved operating profitability in Q2 2026 with an estimated $5.6 billion profit. * **Efficiency:** With ~3,000 employees and ~$470 billion ARR, its revenue per employee exceeds $10 million. Products like Claude Code, launched less than a year ago, already generate $25 billion in annualized revenue. * **Enterprise Adoption:** It boasts a strong enterprise client base, with 8 of the Fortune 10 and over 1,000 large firms spending over $1 million annually on Claude. The valuation is framed using a traditional SaaS model (e.g., a 10x Price-to-Sales multiple on $100 billion revenue). The author contends the core question for analysts has shifted from "How big could this be?" to "How much is it earning and will earn next quarter?" The discussion extends beyond Anthropic to a broader paradigm shift: the transition from a "carbon-based" to a "silicon-based" economy. Companies are increasingly prioritizing investment in compute and AI capabilities over human resources, as these directly scale productivity and competitive advantage. Anthropic's IPO is thus positioned not just as a corporate milestone, but as a price anchor for this new economic era.

链捕手2h ago

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

链捕手2h ago

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

A group of U.S. Senate Republicans, led by Senator Cynthia Lummis, is urging federal bank regulators to establish clear and fair capital rules for banks involved with crypto assets. In a letter to the Federal Reserve, FDIC, and OCC, the lawmakers criticized the international Basel Committee's standards, which impose a punitive 1,250% risk weight on crypto assets, calling it a de facto ban not based on actual risk. They applauded recent interagency guidance that granted tokenized securities the same capital treatment as traditional ones, arguing this risk-based principle should apply consistently to all digital assets. The senators called on the agencies to develop a new capital framework, aligning with recent legislative progress on crypto market structure. Their push coincides with testimonies from top regulators, who emphasized a shift toward more risk-based supervision and responsible innovation, while also addressing stablecoin oversight under new proposals.

bitcoinist2h ago

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

bitcoinist2h ago

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

NEAR Returns to AI Origins: From Payroll Struggles to Blockchain, Now Focusing on AI Agents and Privacy NEAR Protocol's journey began not with grand blockchain ambitions, but from a practical hurdle: its AI startup founders, including Transformer paper co-author Illia Polosukhin, couldn't efficiently pay international developers in 2017. This led them to pivot and build a high-performance, scalable blockchain. After years navigating various crypto narratives like sharding and cross-chain interoperability, NEAR is now leveraging its AI roots to re-enter the AI arena. A key driver is its "NEAR Intents" layer, which abstracts complex cross-chain transactions. Users simply state their goal (e.g., swap BTC for ETH), and a solver network finds the optimal route. This system has processed over $20B in cross-chain volume, generating significant fee revenue. A major growth area is private transactions via "Confidential Intents/Swaps," which hide trade details until settlement to protect against MEV and front-running. Remarkably, private swaps recently accounted for over 40% of NEAR's transaction volume, highlighting strong demand but also potential regulatory scrutiny. With its AI-founder pedigree, NEAR is positioning itself at the intersection of blockchain, AI agents, and privacy, aiming to become infrastructure for the emerging agent economy while navigating the challenges of its rapid adoption.

marsbit5h ago