Kansas City Federal Reserve President Schmid stated that he opposes the Fed's 25-basis-point rate cut this week, arguing that inflation "remains too high" and monetary policy should remain moderately restrictive to curb price pressures. Schmid said, "What I see right now is an economy that still has momentum, and inflation is 'too hot,' which suggests that current policy is not overly tight." Schmid pointed out that since he opposed the rate cut in October, the situation "hasn't changed much": inflation remains above the 2% target, the labor market is "generally balanced," and there is no urgent reason for a rate cut. (Jinshi)

Barclays lowered its price target for Coinbase to $291 from $357, but maintained a "neutral" rating. In a broader update to its outlook for brokers, asset managers, and exchanges in 2026, Barclays noted a favorable market environment, particularly for alternative asset managers and wealth brokers; however, the future environment for exchanges and traditional asset managers will be more complex.

Federal Reserve official Schmid stated that the labor market is cooling but remains largely balanced, inflation remains too high, and the economy is showing growth momentum; the situation has not changed significantly since the Fed meeting in October. (Jinshi)

According to PANews, Whale Alert has reported that the USDC Treasury recently destroyed 78,904,497 USDC on the Ethereum blockchain. This transaction is valued at approximately $78.9 million.

Ripple continues integration with big firms, but this time with a European banking giant to boost adoption for Ripple's RLUSD stablecoin. source: https://u.today/ripple-wins-big-partnership-with-european-bank

Gold prices continued their upward trend, supported by expectations of further interest rate cuts by the Federal Reserve next year and safe-haven demand driven by ongoing geopolitical uncertainty. Analysts at Commerzbank stated, "Although there are signs that the Fed may pause rate cuts at its next meeting in January, the door remains open for further cuts thereafter. We expect the rate cuts to be larger than the market currently anticipates, especially after Powell's successor officially takes office as Fed Chair in May next year." (Jinshi)

Tether is reportedly considering tokenizing its stock once it completes a share sale that could be finalized at a $500 billion valuation. source: https://www.theblock.co/post/382344/tether-mulls-tokenizing-stock?utm_source=rss&utm_medium=rss

Florida prosecutors have seized approximately $1.5 million worth of cryptocurrency in an investment fraud case. The suspect's wallets reportedly contained cryptocurrencies including AVAX, DOGE, PEPE, SOL, and Bitcoin. The Florida Attorney General's Office's Cyber ​​Fraud Enforcement Division has obtained a court order, and the suspect has been charged with money laundering, grand theft, and organized fraud. (Decrypt)

According to ChainCatcher, Federal Reserve official Goolsbee expressed optimism about the possibility of significant interest rate cuts next year. However, he voiced concerns about the rapid reduction of rates, considering the inflation experienced in recent years.

According to BlockBeats, Chicago Federal Reserve President Austan Goolsbee expressed opposition to the Federal Reserve's recent decision to cut interest rates by 25 basis points. He emphasized the need to wait for more data on inflation and the job market before proceeding with further rate cuts, especially given the ongoing concerns about rising prices among businesses and consumers. Goolsbee was one of three officials who voted against the rate cut in the Fed's 9-3 decision this week, advocating for a delay in rate reductions until early next year. He explained, "Considering that inflation has been above target for four and a half years and progress has stalled in recent months, and given that nearly all businesses and consumers I've spoken with in the district view prices as a major concern, I believe a more cautious approach is to wait for more information." Goolsbee also mentioned that if future data indicates inflation is returning to the Fed's 2% target, he remains "optimistic" that interest rates could be "significantly lowered" next year.

For platforms with a large user base, stablecoins are not just cross-border payment tools, but a fundamental financial track that can reshape revenue structures and user relationships.

RWA's Hong Kong pilot program sparks heated discussion: How can RWA be transformed from a concept into a real asset? Jinse Finance explores how Hong Kong is building a practical path for the implementation of RWA through pilot programs.

Coinbase-incubated open-source payment protocol x402 has released version 2. This is the first major version iteration since its mainnet launch in May 2025.

The Bolivian government has announced a major policy—integrating stablecoins into its formal financial system, allowing them to be used "as a legal tender."

Binance, cryptocurrency, Hash Global founder KK discusses BNB digital asset allocation and Web3 development stage. Golden Finance reports, "In the future, all assets will be issued and traded on-chain."

x402 Protocol, AI Agent, Payment: Let's talk about the x402 V2 upgrade and share some key points. Golden Finance shares several key aspects of the x402 protocol V2 upgrade.

What are the implications of the frequent regulatory actions taken by the US SEC and OCC? This article from Jinse Finance focuses on the recent regulatory actions of the US SEC and OCC.

Coinbase has released version 2 of the x402 protocol. This version optimizes upon version 1, expanding from a single-call payment to a unified internet payment layer.

Fintech 3.0 will coexist with traditional finance for many years, but its development direction is already clear. Stablecoin infrastructure is expected to become a core component of global finance.

The implementation of CARF is expected to further enhance the tax transparency of Hong Kong's cryptocurrency market, impacting trading platforms, custodians, individual investors, and traditional financial intermediaries.