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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Original link:https://www.bitpush.news/articles/7594791

750mln ADA floods Binance – Will Cardano break or absorb the pressure?

On December 10th, a significant transfer of 750 million ADA to Binance raised concerns about potential selling pressure. However, Cardano (ADA) demonstrated resilience by holding near $0.46, as the market interpreted the inflow as a test of demand rather than an imminent sell-off. ADA broke above its multi-month descending regression trend, signaling a momentum shift and strengthening its price structure. Key resistance levels are identified at $0.48, $0.60, and $0.6975. Spot buyers maintained control, with strong buy-side aggression evident in the CVD (Cumulative Volume Delta), absorbing sell attempts and validating the breakout. Open Interest surged by 10.15% to $814.87 million, indicating leveraged traders re-entering the market, which could amplify volatility. Liquidation heatmaps show dense liquidity clusters near $0.48 and $0.50, suggesting potential for sharp price movements. Despite the risks, ADA's improving structure, supported by RSI recovery and sustained buyer interest, suggests a potential continuation toward higher resistance levels if it reclaims the $0.48-$0.50 zone.

ambcrypto6m ago

750mln ADA floods Binance – Will Cardano break or absorb the pressure?

ambcrypto6m ago

Technical Wave Patterns Turn Bullish for Ethereum as Price Reaction Intensifies Before Fed Decision

Ethereum (ETH) is showing bullish technical signals, breaking above key resistance near $3,300 as market sentiment strengthens ahead of the Federal Reserve's expected 25-basis-point rate cut. The ETH/BTC ratio has improved, and spot Ethereum ETFs saw significant inflows. Institutional interest is growing, highlighted by BlackRock's filing for an Ethereum Staking Trust ETF. Supply is tightening as exchange reserves hit multi-year lows. Technical analysis suggests a potential move toward $3,600, with some analysts targeting $4,200–$4,300 if the bullish trend continues. The Fed's decision remains a critical factor for momentum.

bitcoinist8m ago

Technical Wave Patterns Turn Bullish for Ethereum as Price Reaction Intensifies Before Fed Decision

bitcoinist8m ago

CFTC Innovation Council adds prediction market, exchange CEOs

The US Commodity Futures Trading Commission (CFTC) has formed a new CEO Innovation Council, bringing together executives from both the blockchain industry and traditional finance. The council will focus on market structure developments in derivatives markets, with discussions covering tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain infrastructure. Participants include CEOs from crypto exchanges and prediction markets such as Polymarket, Kraken, and Gemini, as well as leaders from traditional exchanges like CME Group and Nasdaq. This initiative follows recent CFTC efforts, including a pilot program allowing the use of Bitcoin, Ether, and USDC as margin collateral. Acting Chairman Caroline Pham emphasized the agency’s commitment to engaging with the crypto market and establishing clear regulatory guidelines.

cointelegraph21m ago

CFTC Innovation Council adds prediction market, exchange CEOs

cointelegraph21m ago

BTC Drops Below $90,000: Rate Cut Realized Equals Exhausted Positive News

Fed Chair Powell announced a 25-basis-point rate reduction, bringing the benchmark rate to 3.50%-3.75%, marking the third consecutive cut this year. However, the dot plot revealed significant internal divergence, with seven officials dissenting—six preferring no cut. The median rate projection remained unchanged from September, signaling a likely slowdown in future easing, with only one cut anticipated in 2025 and 2026 each. This mixed, cautious signal failed to boost market confidence. Bitcoin fell below $90,000, Ethereum dropped under $3,200, and Solana declined beneath $130. Most crypto sectors saw losses, with over $468 million in liquidations—$331 million from long positions. Analysts attribute the downturn to year-end liquidity constraints and subdued sentiment. Greeks.live noted that despite the Fed’s dovish move, low holiday liquidity limits bullish momentum. ING expects two 2026 rate cuts if inflation nears 2%, while Goldman Sachs views further easing as contingent on weaker labor data. Short-term, the market is expected to remain defensive amid thin liquidity. Longer-term, the focus shifts to labor market performance—should data weaken, more aggressive rate cuts may follow. Until macro conditions clear and liquidity returns, cautious positioning is advised.

Odaily星球日报24m ago

BTC Drops Below $90,000: Rate Cut Realized Equals Exhausted Positive News

Odaily星球日报24m ago

Powell: Weakening Employment, Inflation Still High, No One Talks About Rate Hikes Now

In his latest address, Federal Reserve Chair Powell highlighted a noticeable cooling in the U.S. labor market, marked by slower hiring and reduced layoffs, declining challenges in recruitment, and diminished household expectations for job opportunities. The unemployment rate has risen to approximately 4.4%, with employment gains significantly weaker than at the start of the year. This slowdown stems partly from reduced labor supply—due to decreased immigration and lower participation rates—but also reflects weakening labor demand itself. On inflation, core PCE remains at 2.8% year-on-year, above the long-term 2% target. While goods inflation has edged up due to tariffs, service inflation continues to moderate. Although overall inflation has declined substantially from its 2022 peak, it has not yet reached a level that fully assures the Fed. The FOMC responded by cutting rates by 25 basis points and initiating short-term Treasury purchases to maintain ample reserves and ensure effective policy transmission. Powell emphasized that, with rising employment risks and persistently elevated inflation, there is no "risk-free" policy path. The Fed must carefully balance its dual mandate constraints. He noted that interest rates are nearing a neutral range, and future policy decisions will be data-dependent, avoiding preset directions and instead being assessed meeting by meeting based on economic conditions and risks.

marsbit31m ago

Powell: Weakening Employment, Inflation Still High, No One Talks About Rate Hikes Now

marsbit31m ago

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