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Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.
Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.
Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.
Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.
Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.
- 17:19Markets expect the Fed to cut rates by a further 36 basis points by next DecemberThe US dollar was flat in a liquidity-poor environment. Many traders are still on vacation during the holiday season and there are no important data releases on the U.S. economic data calendar on Friday. The dollar index has risen more than 4% since Nov. 5, when Donald Trump won the presidential election. Trump's proposed policies, including trade tariffs and tax cuts, are expected to push up inflation and limit the Federal Reserve's room to cut interest rates. The market expects the Fed to cut rates a further 36 basis points by December 2025, data show.
- 17:18Open Positions in Bitcoin Contracts Across the Web Fall to $59.018 BillionThe open position in bitcoin futures contracts across the web stood at 625,600 BTC (about $59.018 billion), a 24-hour drop of 4.5 percent, according to data.
- 17:17Moonshot goes online at SwarmNode.ai ($SNAI)Moonshot announced the launch of SwarmNode.ai ($SNAI), with a current market capitalization of $32.4 million and a 24-hour trading volume of $23.1 million. The price of Meme Coin is volatile, so investors are advised to participate with caution.
