In short: The 25bps rate cut was in line with expectations, but the dot plot and press conference information were more dovish than the market expected.

According to crypto analyst EmberCN, Bitmine (BMNR), Ethereum's largest treasury, continued to increase its ETH holdings today, acquiring 33,504 ETH from FalconX about two hours ago, worth approximately $112 million at current prices.

Michael Saylor, Executive Chairman of Strategy, stated that restricting passive index investing in Bitcoin at this time would be as outdated as restricting investment in oil and wells in the 1900s, in communications spectrum and cell towers in the 1980s, or in computing power and data centers in the 2000s. Saylor emphasized that Bitcoin has become a new generation of digital credit and value infrastructure, and hindering passive institutional allocation would run counter to historical innovation cycles.

On Dec 11, 2025, 00:34 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,298.800049 USDT, with a narrowed 0.66% decrease in 24 hours.

On Dec 11, 2025, 00:33 AM(UTC). According to Binance Market Data, BNB has dropped below 890 USDT and is now trading at 889.98999 USDT, with a narrowed 0.87% decrease in 24 hours.

According to OnchainLens monitoring, a recently created wallet has received another 300 BTC (approximately $27.6 million) from GalaxyDigital. Combined with previous inflows, the wallet now holds a total of 1200 BTC, worth approximately $110 million at current prices.

Paxful Holdings Inc., the peer-to-peer Bitcoin exchange that shut down in 2023, has agreed to plead guilty to three federal criminal charges and pay a $4 million criminal fine to the U.S. Department of Justice. FinCEN also issued a $3.5 million civil penalty on the same day, bringing the total penalties to $7.5 million. The Department of Justice stated that Paxful facilitated approximately $3 billion in transactions and earned over $29 million in revenue between 2017 and 2019, knowingly using its platform for fraud, extortion, money laundering, and illegal sex trafficking, and attracting illegal users by highlighting a "lack of anti-money laundering controls." Investigations revealed that Paxful provided transaction services to Backpage, an illegal sex trafficking platform that was shut down in 2018. Between 2015 and 2022, approximately $17 million worth of Bitcoin flowed from Paxful to Backpage and similar websites, generating at least $2.7 million in profits for Paxful. Its founding team even internally celebrated the so-called "Backpage effect." Paxful also processed suspicious transactions involving sanctioned countries such as Iran, North Korea, and Venezuela, totaling over $500 million, and consistently failed to submit required suspicious activity reports, while also misleading the public about its anti-money laundering measures. The Department of Justice stated that, based on sentencing guidelines, Paxful should have been fined $112.5 million, but considering its actual ability to pay and subsequent cooperation with the investigation, the final criminal fine was determined to be $4 million. The company will face final sentencing on February 10, 2026. Notably, Paxful co-founder and former CTO Artur Schaback pleaded guilty to the charges in July 2024. (Decrypt)

Powell, Federal Reserve, interest rate cuts, tariffs, inflation; Powell's underlying message: a carefully designed "scapegoating" and farewell. Golden Finance: Will there only be one interest rate cut next year?

Gemini Space Station, Inc. (GEMI) has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a **Designated Contract Market (DCM)**, officially entering the prediction market arena. Gemini announced that its new platform, Gemini Titan, will initially launch classic binary event contracts, allowing users to "bet on or against future events." Gemini stated that Titan is expected to further expand to other CFTC-regulated derivatives markets, including crypto futures, options, and perpetual contracts. Public information shows that Gemini initially submitted its DCM license application on March 10, 2020, but did not disclose details of its plans to build a prediction market at that time. The DCM is a regulatory framework for regular derivatives trading markets under the CFTC, applicable to the vast majority of regulated trading platforms. The prediction market sector is currently experiencing rapid growth. Kalshi and Polymarket saw rapid expansion during last year's U.S. election cycle and accelerated further after Trump's inauguration. According to data from The Block, both recorded their best trading volumes in October and November of this year, and are expected to continue their strong performance in December. (The Block)

After years of research, the Central Bank of Norway (Norway) announced that there is currently no need to issue a central bank digital currency (CBDC), citing Norway's already "efficient and secure" payment system and robust contingency mechanisms. Although Norway has one of the lowest cash usage rates globally, making digital currency discussions highly relevant, the central bank believes its current system can still meet demand. Norway Governor Ida Wolden Bache stated, "If the need arises in the future to maintain the efficiency and security of the payment system, we are ready to launch a CBDC." She also emphasized that the central bank will continue to cooperate with the financial industry and other central banks, monitoring the global development of CBDCs and digital currencies. In the Nordic region, political attitudes towards digital currencies have been relatively cautious. While Sweden initially wavered, the Swedish central bank has called for a restart of discussions on e-krona; the European Central Bank plans to launch a digital euro pilot as early as 2027, with a possible official issuance in 2029. The Norway central bank plans to release its CBDC research summary and future plans in the first quarter of next year, stating that it will not rule out the possibility of issuing a CBDC in the future, while continuing to study tokenization and various forms of digital currency. (bloomberg)

美联储,降息,鲍威尔,货币政策,2025年12月美联储议息会议实录：RMP来了 金色财经,美联储RMP来了。

Payments giant Stripe is further expanding its crypto footprint by acquiring crypto wallet startup Valora (team integration, not technology asset acquisition) to strengthen its strategic position in global financial system accessibility. Valora founder Jackie Bona stated that the team will join Stripe to continue its mission of "making modern financial systems accessible to more people worldwide." Valora's technology and applications will not be acquired along with the team but will return to cLabs, the core development organization of Celo, to continue operating independently. Launched in 2021, Valora is a mobile self-custodied crypto wallet specifically for Celo chain stablecoin users. It has received investment from institutions such as a16z and Polychain and has partnered with M-Pesa and Tether to promote the global adoption of stablecoins. In recent years, Stripe has rapidly strengthened its stablecoin infrastructure, acquiring Bridge and Privy to advance stablecoin issuance, custody, and payment routes, and jointly developing the payment-oriented L1 blockchain Tempo. Stripe is also currently applying for a US banking license, further deepening its crypto payment capabilities. In his previous annual letter, the co-founder of Stripe stated that stablecoins are an "improvement in currency availability" and will become an important part of global payments. (The Block)

The UAE has a very clear macroeconomic strategy: to accelerate its transformation from a past oil-based economy to a future-oriented fintech hub. The crypto industry is a key sector for this leapfrog development, and it is currently in a relatively advantageous position.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2905, providing you with the latest and fastest news on the digital currency and blockchain industry.

SEC, Trump, Trump to hold "final interviews" for Fed Chair Hassett not yet a done deal, Golden Finance, Is Bessett still a potential successor?

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

On the eve of Do Kwon's trial, Terra Do Kwon is gambling $1.8 billion on his sentence. Golden Finance: Dead fundamentals, vibrant speculation.

Recommended reading tonight: 1. Multicoin: Stablecoins and Fintech 4.0; 2. Why are crypto giants like Binance, Tether, and Circle flocking to Abu Dhabi?; 3. Four reasons to be bearish on US stocks in 2026.

This article will share perspectives from the infrastructure, growth, bio + health, and Speedrun teams.